Speaker 1: Everyone, Welcome to another episode of The Mark Moss Show,
Speaker 1: where we cover the decentralized revolution that is happening around
Speaker 1: the world right now. Of course we're talking about bick
Speaker 1: when we're talking about cryptocurrencies, but really we're talking about,
Speaker 1: like I said, the decentralized revolution, the way that it
Speaker 1: is unfolding across the world, and really we're talking about
Speaker 1: the intersection of technology, finance, and politics all coming together
Speaker 1: to change the world as we know it today. Now,
Speaker 1: the way that the world works, the way that the
Speaker 1: world is organized, depends on the way that we use technology.
Speaker 1: So as you go back through history hundreds of years,
Speaker 1: even thousands of years, you can see that the world
Speaker 1: works differently. So, for example, we saw in the fifteen
Speaker 1: hundreds in the in the sixteenth century, we saw the
Speaker 1: world really shift into um more of a decentralized phase,
Speaker 1: leaving behind the centralization that was brought between the church
Speaker 1: and the state as they ruled things. And what really
Speaker 1: led to that change was seventy year earlier, was the
Speaker 1: printing press. It was a new technology. It was a
Speaker 1: new technology. It was created the printing press that decentralized information.
Speaker 1: People were able to get books, people are able to
Speaker 1: share information and it led to this decentralization. Over the
Speaker 1: last two hundred fifty years, we've led to more centralization
Speaker 1: because of the industrial revolution that happened. The Industrial revolution
Speaker 1: led to US building factories, machines, equipment factories, and then
Speaker 1: it led to big cities and it led the last
Speaker 1: two and fiwo years, we've been centralizing and of course
Speaker 1: if you wanted to be successful, we had to move
Speaker 1: to the city where the jobs were. But today that
Speaker 1: the Internet has done very similar to what the printing
Speaker 1: press did, which is now decentralizing information and now people
Speaker 1: are able to live and work anywhere they want. And
Speaker 1: for the next hundred years we'll see the world continue
Speaker 1: to decentralize out And that's what we're talking about um as,
Speaker 1: this decentralized revolution that we're talking it's going to change
Speaker 1: the world more than most people realize. Now. When we
Speaker 1: talk about bitcoin, we talk about most likely typically today
Speaker 1: we're talking about in thinking about it in terms of
Speaker 1: money and what happens is money is kind of the
Speaker 1: killer application of what bitcoin is today, similar as when
Speaker 1: the Internet first came out, how email was the killer application,
Speaker 1: and when electricity was first invented light was the killer
Speaker 1: application of electricity. Of course, today electricities used for all
Speaker 1: types of things. And as bitcoin has been coming out
Speaker 1: over the last decade or so, about dozen years, a
Speaker 1: lot of people still today wonder why why do we
Speaker 1: need a bitcoin? What purpose does it serve? And so forth,
Speaker 1: and um, you know, because money is that killer application.
Speaker 1: And as I like to say, as bitcoinners like to say,
Speaker 1: if we can fix the money, we can fix the world.
Speaker 1: One of the most apparent use cases for bitcoin has
Speaker 1: been for helping to solve human rights issues all around
Speaker 1: the world. Um, we've seen that it's been protecting humans rights. Um.
Speaker 1: Mostly we would see that in third world nations. And
Speaker 1: so when I talk about third world nations, we're talking
Speaker 1: about places like Venezuela, for example, where um, the leaders
Speaker 1: have inflated the currencies so fast that people can't even
Speaker 1: afford to you know, they can't save money, they can't
Speaker 1: even afford to buy food. UM. We saw, we've seen that,
Speaker 1: you know, because of that, because these people in Venezuela
Speaker 1: are trying to evade the hyper inflation that's completely stealing
Speaker 1: their wealth. Um. And then they have strict financial controls,
Speaker 1: they've been able to move towards something like bitcoin to
Speaker 1: help them. UM. You know, for example, in Venezuela, where
Speaker 1: that currency is losing over inflation per year, it's completely
Speaker 1: destroyed their economy. UM. Then the Venezuela regime then cut
Speaker 1: off money coming from abroad. UM. Basically, if anybody wanted
Speaker 1: to help, If I wanted to help from the United
Speaker 1: States and send money down to Venezuela, I don't really
Speaker 1: have a lot of good options. The the regime that
Speaker 1: that controls Venezuela, you know, basically forced everyone to go
Speaker 1: through local banks, disclose how you know, disclose all their information,
Speaker 1: how much money they're getting, who they're getting from, and
Speaker 1: how they're going to use that money. If I wanted
Speaker 1: to send a wire transfer from the United States down
Speaker 1: to somebody in Venezuela, they would take over half. Over
Speaker 1: half of the money would be taken by the regime.
Speaker 1: And we see this happening all over the world, you know,
Speaker 1: in in places like in Africa, et cetera, where there
Speaker 1: maybe you know, we want to send aid to them,
Speaker 1: Typically the dictator or the regime that controls those areas
Speaker 1: would maybe take all of it, if not a good
Speaker 1: percentage of it. And even if they were going to
Speaker 1: allow it to flow through, it would get eaten up
Speaker 1: by fees through all the different banks and into mediaries
Speaker 1: they would have to go through. Of course, like I said,
Speaker 1: if they don't want aid to get to the people,
Speaker 1: then they just stop it all together. Um. One thing
Speaker 1: that we saw, like in Venezuela, is that we could
Speaker 1: maybe wire money to Colombia and then people could walk
Speaker 1: across the border get the cash, and then they could
Speaker 1: try to come back with the cash. Of course, that's
Speaker 1: very difficult walking and walking across dangerous areas like that
Speaker 1: with cash is always difficult. One getting across the border,
Speaker 1: they could take it from you to obviously rob you know,
Speaker 1: get robbed, to get mug Things like that are happening.
Speaker 1: And that's not the only place, of course, like I said,
Speaker 1: in Africa, we've seen lots of the same things in
Speaker 1: zimb In Zimbabwe, they've printed so much money it is
Speaker 1: inflated away the savings of the citizens. There's nothing they
Speaker 1: could do. Um, so they're trying to move their money
Speaker 1: into into something else. Um. You know, other places throughout Africa,
Speaker 1: refugee camps where maybe they don't have access to money,
Speaker 1: they don't have access to banks. We couldn't send them money,
Speaker 1: but if they had an Internet connection, we could send
Speaker 1: them bitcoin directly. Now, cash has been one of the
Speaker 1: best ways to exercise free speech. We talked about talk
Speaker 1: about the best way to vote is with your money,
Speaker 1: and when you have something like cash, you can do that.
Speaker 1: But like I said, in the problem of these places,
Speaker 1: they don't even have the cash. And this really leads
Speaker 1: to human rights. Right, this leads to human rights. So
Speaker 1: sound money is a human right. When I talk about
Speaker 1: sound money, I'm talking about money that cannot be created
Speaker 1: at will, cannot be inflated away. It's money that's not
Speaker 1: liable to sudden appreciation or depreciation and value like in
Speaker 1: Venezuela or in Zimbabwe where they've printed a lot um.
Speaker 1: So that sound money. Now, human right is a right
Speaker 1: that you would think, you believe that belongs to everybody. Right.
Speaker 1: We're born with those things like freedom of association or
Speaker 1: freedom to acquire property or dispose of that property. And
Speaker 1: so like freedom of association being the right to um
Speaker 1: associate with who I want to associate with. Right the
Speaker 1: rather to what we're seeing. You know, in the United States,
Speaker 1: in the First Amendment, we have the right to assemble,
Speaker 1: the right to gather, and then of course the right
Speaker 1: to assemble, the right to gather leads to the right
Speaker 1: to protest. Now, if you believe in democracy, then that
Speaker 1: should be the people getting what they want, right, It
Speaker 1: should be listening to the people. Is supposed to be
Speaker 1: a government of the people, by the people, for the people,
Speaker 1: and so the people should be able to voice what
Speaker 1: it is that they want. Right. And with that right,
Speaker 1: individuals should be free to associate with groups, and those
Speaker 1: groups might have goals and then the problem is those
Speaker 1: goals might run counter to what the regime in power wants. Now, typically,
Speaker 1: like I said, we think about this in in dictatorships,
Speaker 1: right in third world countries. You hear about, you know,
Speaker 1: these elections that are are filled with fraud, right, um,
Speaker 1: and maybe this dictator has completely silenced his his opposition
Speaker 1: and he's stolen the vote, and so, um, you typically
Speaker 1: think about it in those terms. And of course they
Speaker 1: control the money. Then they can control what the people do,
Speaker 1: what the people can buy, But but even more they
Speaker 1: can control how they can move around the country, how
Speaker 1: they may or may not be able to, you know,
Speaker 1: fund the opposition and things like that, um, and so
Speaker 1: it's so important for human rights for us to be
Speaker 1: able to have that sound money have the freedom of association,
Speaker 1: of course, than the freedom to acquire and dispose of property.
Speaker 1: And so I should have the freedom to use my energy,
Speaker 1: to extend my energy to acquire proper so that might
Speaker 1: be food, so I could have food for later. It
Speaker 1: could be a house that I could live in, and
Speaker 1: it could be money that's my property that I could
Speaker 1: spend at a later time. I should also have the
Speaker 1: right to dispose of my property as I see fit. Right,
Speaker 1: my property should be mine. Private property rights underpin every society,
Speaker 1: you have to have private property rights. And so the
Speaker 1: central bank shouldn't have the ability to dispose of my
Speaker 1: money by printing more of it. That's exactly what they do,
Speaker 1: and they print trillions of dollars, my private property becomes worthless.
Speaker 1: And so bitcoin has been one of the tools that's
Speaker 1: been being used for human rights around the world. UM,
Speaker 1: it's freedom money. It allows me freedom because it allows
Speaker 1: me to control my money my property in a way
Speaker 1: that that I see fit. It's anti authoritarian and so
Speaker 1: nobody can tell me what I can and can't do
Speaker 1: with my money or my property. UM it's not it's
Speaker 1: not anti anybody or any or even anti government. It's
Speaker 1: just anti authoritarian because it doesn't allow anybody to control
Speaker 1: what I do with my money. Don't go away, I'll
Speaker 1: be back with more in just a second. All right,
Speaker 1: welcome back. You are listening to the Mark Moa Show,
Speaker 1: and we are talking about the decentralized revolution. We're talking
Speaker 1: about bitcoin and cryptocurrencies. We're talking about the changes that
Speaker 1: are happening in the world right now, so you can
Speaker 1: understand these things in better context of what's going on now.
Speaker 1: Before the break, we were talking about how the world's
Speaker 1: changing rapidly. We're talking about how the technology that we
Speaker 1: use change the way the world organizes, and how this
Speaker 1: new technology, this decentralized technology of bitcoin, is changing the
Speaker 1: way the world works now. Lots of the world lives
Speaker 1: under authoritarian regimes. Um that means that they live you know,
Speaker 1: north you think of North Korea for example, right where
Speaker 1: or Cuba right where. You don't have the right to
Speaker 1: go start a business and make money. Nope, you have
Speaker 1: to rely on the state to give you rations. Their
Speaker 1: authoritarians they control or they they're over you know, they
Speaker 1: have authority over your life. And they basically control every
Speaker 1: aspect of your life, telling you what you can and
Speaker 1: can't do. Of course, you might think of Venezuela, you
Speaker 1: might think of these really you know, third world countries
Speaker 1: in Africa, things like that. When I when I say
Speaker 1: authoritarian regimes, that's typically what you think of North Korea, right,
Speaker 1: And Bigcoin has been helping, it's been helping out. Like
Speaker 1: I said, I was talking about before the break. You know,
Speaker 1: trying to get money to people in those regimes is
Speaker 1: almost impossible because it goes through the banking system, and
Speaker 1: of course the authoritarians control the banking system, and if
Speaker 1: they do let the money get through, they'll take some
Speaker 1: more time. Sometimes over half of the money gets taken
Speaker 1: by bank fees plus um. They're they're cut um. And
Speaker 1: in a lot of these places, they don't allow the
Speaker 1: money to get through. What they want to do is
Speaker 1: have capital control laws. They want to control the capital.
Speaker 1: They don't want to allow you to get out of
Speaker 1: the capital um. They don't want anyone they don't want
Speaker 1: you to be allowed to receive any type of capital
Speaker 1: from anyone else. And of course that's a big problem.
Speaker 1: Right some of these places they're literally starving to death.
Speaker 1: I'm sitting here in the United States, and you know,
Speaker 1: I'm I'm fortunate, and I have some money, and I
Speaker 1: might want to send some of that money to these
Speaker 1: people in these um affected areas, and we're not even
Speaker 1: able to do that. This is a human rights issue
Speaker 1: in my opinion. Now, while you typically think of that
Speaker 1: happening in these authoritarian regimes like Venezuela or like North Korea,
Speaker 1: it's now happening right here in North America. It's a
Speaker 1: matter of fact, we're talking about Canada. Canada is trying
Speaker 1: to become the next authoritarian nation um as fast as
Speaker 1: they can, and I'm talking about fast. Now, this is
Speaker 1: not the typical authoritarian world that we have kind of
Speaker 1: been used to over the last you know whatever four
Speaker 1: or five decades. I grew up as a kid under
Speaker 1: the Cold War. I remember, you know how that was.
Speaker 1: And we've you know, for the last couple of decades,
Speaker 1: we've been seems like, relatively peaceful. But what we're seeing
Speaker 1: is a new form authoritarianism that we haven't seen in
Speaker 1: the past. So in the past, we would see a
Speaker 1: dictator march in with with the military and they would
Speaker 1: have a coup and they would, you know, take over
Speaker 1: a country, maybe lots of people would be would would
Speaker 1: be killed right through that takeover. But today we're seeing
Speaker 1: a new form of authoritarianism, and this time they're smiling
Speaker 1: waving at you. Right, we have Justin Trudeau up there
Speaker 1: in Canada just smiling and waving everybody. And uh, he
Speaker 1: looks so nice and he says nice things and he
Speaker 1: seems so sweet, and he even tells us the right things.
Speaker 1: So I dug up some stuff on Justin Trudeau. We
Speaker 1: saw here in May on May two thousand twelve. You
Speaker 1: can check his Twitter profile. Uh, that's one thing about
Speaker 1: the Internet archives everything, and so back in two thousand twelve,
Speaker 1: he tweeted on his own account he said, I'm going
Speaker 1: to read it. Quote when a government starts trying to
Speaker 1: cancel dissent or avoid dissent is when it's rapidly losing
Speaker 1: its moral authority to govern. End quote. I'm gonna say
Speaker 1: that again. When a government starts to cancel dissent or
Speaker 1: avoid dissent, it's when it's losing its moral authority to govern.
Speaker 1: That's his words. When tries to cancel the center void descent,
Speaker 1: what's descent? So that's when people have a different opinion.
Speaker 1: So when the people don't want what the government may want,
Speaker 1: that is dissent. Now, remember, in a democracy, it's supposed
Speaker 1: to be for the people, by the people of the people.
Speaker 1: It's supposed to be what the people want. The people
Speaker 1: are supposed to be able to discuss that. And in
Speaker 1: his own words, I'll read it back, it's losing its
Speaker 1: more moral authority to govern. So in his own words,
Speaker 1: if he's if he's canceling descent, which is exactly what
Speaker 1: we've been seeing happened in Canada for the last couple
Speaker 1: of weeks, he has him, in his own words, lost
Speaker 1: his own moral authority to govern. So they say nice
Speaker 1: things like that in two thousand twelve and then you
Speaker 1: believe um um. Then in March, on March thirty, two twenty,
Speaker 1: he tweeted out, I'll read it quote. While many of
Speaker 1: us are working from home, there are others who aren't
Speaker 1: able to do that, like the truck drivers who are
Speaker 1: working day and night to make sure our shelves are stocked.
Speaker 1: So when you can, please thank a trucker for everything
Speaker 1: they're doing and help them. However, you can end quote
Speaker 1: that was just two years ago. Thank the truckers because
Speaker 1: they're out there risking their lives while we're all hiding
Speaker 1: at home. That's what he said. So they say nice
Speaker 1: things like that, but if we would go even further back,
Speaker 1: maybe we would find out what their real intentions are.
Speaker 1: As a matter of fact, as I like to say,
Speaker 1: I want to take them at their word, and so
Speaker 1: I read their books, I listen to what they say.
Speaker 1: And as a matter of fact, I have a clip
Speaker 1: from Trudeau that I want to play for you right here,
Speaker 1: and in his own words, he's going to tell us
Speaker 1: exactly what he wants. Let's go ahead and play that
Speaker 1: clip about Trudeau. He level of admiration I actually have
Speaker 1: for China, um, because they're basic dictatorship is allowing them,
Speaker 1: uh to actually turn their economy around on a dime.
Speaker 1: Hm hmm. So he really likes China because it's a
Speaker 1: dictator Uh. Now, Look, this is not a show about politics.
Speaker 1: There's plenty of shows that you can listen to talk
Speaker 1: about politics. We're talking about the decentralized revolution. So what
Speaker 1: does all this have to do with bitcoin and all
Speaker 1: of that. Well, what it has to do with all
Speaker 1: of that is Trudeau wanting to be a dictator has
Speaker 1: enacted what he's calling the Emergency's Act, and in this
Speaker 1: Emergency's Act, he wants to take over your money. Not
Speaker 1: only just take over your money, he wants to control
Speaker 1: every aspect of your money. Um. And let's go ahead,
Speaker 1: and I have a clip queued up for that for
Speaker 1: this uh, for this emergency at God and play that clip. First.
Speaker 1: We are broadening the scope of Canada's anti money laundering,
Speaker 1: laundering and terrorist financing rules so that they cover crowdfunding
Speaker 1: platforms and the payments service providers they use. These changes
Speaker 1: cover all forms of transactions, including digital assets such as cryptocurrencies. Hm. Hm,
Speaker 1: so um. You know, if you don't go along with
Speaker 1: the party line, then they want to not only seize
Speaker 1: your accounts, seize your bank accounts, take your money, but
Speaker 1: if anybody even tries to offer you money or help you,
Speaker 1: they want to call that terrorism. It sounds like they've
Speaker 1: gone a long way away from what he said in
Speaker 1: two thousand twelve, which is any government that try tries
Speaker 1: to cancel or avoid dissent has loss or more authority.
Speaker 1: And so it's about the money. That's why we say
Speaker 1: if we can fix the money, we can fix the world.
Speaker 1: We need to have freedom in our money. It's a
Speaker 1: human rights issue. Now when I talk about it in
Speaker 1: Venezuela or Africa or North Korea, you seem to get it.
Speaker 1: But do you get it when it's happening right here
Speaker 1: in Canada Because it's coming really quick, not only to
Speaker 1: Canada but also to the United States. I want to
Speaker 1: explain to you what this Emergency Act is. I want
Speaker 1: to talk about the terrorist financing. I want to talk
Speaker 1: about what's happening in the United States in regards to this,
Speaker 1: and then I want to game plan this out. Where
Speaker 1: does this go? What can they really do? And then
Speaker 1: we're gonna talk about some privacy coins. Using privacy is
Speaker 1: bitcoin private? I have a lot more to cover. You're
Speaker 1: listening to the Markma Show. We're talking about the decentralized
Speaker 1: revolution that we are living through right now with bitcoin
Speaker 1: and cryptocurrencies. We're talking about in context of what is
Speaker 1: going on right now. I'm telling you history books are
Speaker 1: gonna be written about this, and so you need to
Speaker 1: understand what's going on. I have a lot more to cover, uh,
Speaker 1: a lot of ground to cover, a lot more quotes,
Speaker 1: So don't go away. You're listening to the Mark Ma Show.
Speaker 1: I'm gonna be right back with more. Everyone, Welcome back.
Speaker 1: You are listening to The Mark Ma Show. And we
Speaker 1: are talking about the decentralized revolution. We're talking about bitcoin,
Speaker 1: we're talking about cryptocurrencies. A lot of ground to cover,
Speaker 1: a lot of ground to cover right now because the
Speaker 1: world is changing so fast, and so I'm with you
Speaker 1: each end, every week trying to keep you up to
Speaker 1: date on what is happening, because if you don't understand
Speaker 1: it in the context of what is happening right now,
Speaker 1: then you won't be able to understand what's going on now.
Speaker 1: This is going to be the biggest shift we'll ever
Speaker 1: see in our lifetime, in multiple lifetimes, and it might
Speaker 1: be one of the biggest shifts we've seen in the
Speaker 1: last two and fifty years, maybe five hundred years. And uh,
Speaker 1: I know that sounds pretty big, but that is what
Speaker 1: is happening. That's why it's important that you are paying attention,
Speaker 1: and that's why you should be tuning into me each
Speaker 1: end every week if you're not already, So if you're
Speaker 1: not driving your car, you could stop. You can pull
Speaker 1: out your phone and you can put on a calendar
Speaker 1: reminder to join me. Each end, every week, at this time,
Speaker 1: at this channel. UH, it's the most profitable, it's the
Speaker 1: most important, is the most informative and educational part of
Speaker 1: your week, So don't miss out. Now. Before the break,
Speaker 1: we were talking about UM what's going on. We're talking
Speaker 1: about authoritarian regimes across the world. We're talking about authority
Speaker 1: chian regimes that you might consider like North Korea, UH
Speaker 1: or third world countries in Africa or South America, things
Speaker 1: like that, and how getting you know, a humanitarian aid
Speaker 1: to those people has is important, UM. But but getting
Speaker 1: the humanitarian aid to them in traditional UM channels like
Speaker 1: through banks and things like that is very difficult because
Speaker 1: a lot of these authoritarian regimes, these dictators UM don't
Speaker 1: want you to send them money. And if you do
Speaker 1: send them money, they're gonna take it or take a
Speaker 1: big chunk of it. And even if they don't, the
Speaker 1: banks take a big chunk of it. UM. If you
Speaker 1: have a friend or you have a family member, or
Speaker 1: you know somebody who's like literally starving in South Korea
Speaker 1: or I'm sorry, North Korea, good luck trying to get
Speaker 1: them money. Right, You can't do that, UM. But if
Speaker 1: you have something like bitcoin, you can you can send
Speaker 1: them bitcoin? We can see you know, we've we've talked
Speaker 1: about extensively what's going on down in El Salvador. And
Speaker 1: about thirty percent of the gross domestick product of El
Speaker 1: Salvador comes from remittances. That means people in the United
Speaker 1: States sending them money. Now, the nation of El Salvadore
Speaker 1: doesn't block that does and steal it, but put the
Speaker 1: fees add up either way. But in some countries, like
Speaker 1: I'm saying, in these authority and regimes, these dictatorships, they
Speaker 1: do take the money. And while that seems somewhat understandable
Speaker 1: and you understand maybe that's actually a pretty good use case,
Speaker 1: right human rights, human aid, etcetera. You don't think about
Speaker 1: it happening right here in North America, right here in Canada,
Speaker 1: or right here in the United States. But that's exactly
Speaker 1: what's happening. Justin Trudeau has put into place the Emergencies Act.
Speaker 1: We talked about in that in the last UM in
Speaker 1: the last break before the break, and I played you
Speaker 1: a clip of exactly what they said, and they said
Speaker 1: that they want to UM look at anybody who's funding
Speaker 1: something they don't like UM dissent, which in his own words,
Speaker 1: and she doesn't twelve. He said that if anyone tries
Speaker 1: to block dissent, they're losing the mora authority to govern.
Speaker 1: But now they want to block this descent, and anybody
Speaker 1: that wants to help them UM could be labeled as
Speaker 1: a terrorist. So they've gone a step further. We've seen UM.
Speaker 1: The Royal Canadian Mounted Police r CMP, Canada's national police force,
Speaker 1: has issued an order requiring all fin TRACK regulated organizations
Speaker 1: in Canada to stop interacting with thirty four crypto wallets.
Speaker 1: So you know, protest. In Trudeau's own words, UM descent
Speaker 1: should be something that is U is morally acceptable. He said,
Speaker 1: it's the loser more authoritary if you try to block
Speaker 1: the cent. In a democracy, the people's voice should matter.
Speaker 1: Of course. UM. Throughout we saw in the United States,
Speaker 1: we saw BLM and Antifa UM march through the United
Speaker 1: States lighting cities and towns on fire, and that was acceptable,
Speaker 1: even though the whole world was in a pandemic lockdown.
Speaker 1: You couldn't go to a park with your kid, but
Speaker 1: apparently to protest and burn down and loot cities was acceptable.
Speaker 1: We saw our leaders like AOC tell us that that
Speaker 1: wasn't acceptable warm and people they said it makes people uncomfortable.
Speaker 1: Innoc's words, she said, it makes people uncomfortable and it
Speaker 1: should and that was okay, and BLM was I think
Speaker 1: raised sixty million dollars and that's okay. But the Canadians
Speaker 1: that are peaceful and they're just parked and they're dancing
Speaker 1: and they're waving Canadian flags are now terrorists even though
Speaker 1: they have done no crime. Uh, they have done no
Speaker 1: what would you would consider terrorism? And now to the
Speaker 1: point is if you even give them money via crowdfunding platform,
Speaker 1: that would be terrorism. And so now they're saying the
Speaker 1: Radio Canadian mint UM r R c MP are going
Speaker 1: to issue orders to stop and regulate all these crypto wallets.
Speaker 1: So what does that mean? So bitcoin, as we talk
Speaker 1: about has been UM. You know, it solves a humanitarian crisis.
Speaker 1: It's a way that I can send money to people
Speaker 1: in need without these dictators UM seizing it or stealing it.
Speaker 1: But that's exactly what's happening in Canada. Now can they
Speaker 1: really do that? Um? They say they want to stop
Speaker 1: interacting with thirty four crypto wallets. So the way it
Speaker 1: works is, UM, you have a bank account, at Bank
Speaker 1: of America or World's Fargo. And you have a bank
Speaker 1: account number, right, and if I wanted to send you
Speaker 1: money to your bank account, you can give me your
Speaker 1: bank account um number and I could go to your
Speaker 1: bank and deposit in that account number. And so your
Speaker 1: crypto is sort of the same. You have a you
Speaker 1: have an account number, you have a wallet address, and
Speaker 1: if I if you wanted to send me bitcoin, which
Speaker 1: I would like if you wanted or I want to
Speaker 1: send you bitcoin, you just give me your address, your
Speaker 1: wallet address, and I can send you a bitcoin there um.
Speaker 1: And so that is public. That is, people know what
Speaker 1: that address is if you've given it to them, and
Speaker 1: so they are able to see which addresses are involved
Speaker 1: in this crowdfunding or this fundraising, and now they want
Speaker 1: to block it. We can see in a quote here
Speaker 1: the entire Provincial Police and Radio Royal Canadian Mounted Police
Speaker 1: are currently investigating cryptocurrency donations being collected in relation to
Speaker 1: illegal acts falling under the scope of the Emergency Measures
Speaker 1: Act end quote. Now, in relation to illegal acts, they say, well,
Speaker 1: what's what's illegal? Anything the state says is illegal, because,
Speaker 1: like you know, the United States has a constitution that
Speaker 1: says what's allowed. Canada also has a constitution that says
Speaker 1: what's allowed. But these people are just making any laws
Speaker 1: that they want. So, for example, in Ottawa, I think
Speaker 1: last weekend it was illegal to hank your horn, Like,
Speaker 1: what is that somewhere written in the constitution? You can't
Speaker 1: hanker horn? Because when you can always hanker horn, Now
Speaker 1: I can't honk horn. That's a law that's illegal. Uh.
Speaker 1: And then they went and seized everyone's gas. Oh, like
Speaker 1: I guess I can't. Now I can't own gas. Gas
Speaker 1: is illegal? Tone, Like, they can't just say anything they
Speaker 1: want is illegal. At some point, the people have a
Speaker 1: voice that should be heard. And so they're saying, um,
Speaker 1: these illegal acts, Well, what's illegal? Honking my horns? Illegal?
Speaker 1: Since when kind of a thing? Right? But back to
Speaker 1: the point, um, what can they do with these thirty
Speaker 1: four crypto wallets? They said that one wallet contains over
Speaker 1: one million dollars in bitcoin. That's part of this Hong
Speaker 1: Kong cotal effort to support the truckers through cryptocurrencies. After
Speaker 1: more than nine million dollars was um stolen seized from
Speaker 1: the go fund means account and so the federal police
Speaker 1: have listed twenty nine bitcoin addresses to a theory maddresses
Speaker 1: and one wallet for each of the cryptocurrencies, cardanal Monaro,
Speaker 1: and light Coin. Each wallet is said to have transacted
Speaker 1: between m zero to one point one million dollars in assets.
Speaker 1: The police have have asked for any information about transaction
Speaker 1: or proposed transaction regarding these addresses to be disclosed immediately
Speaker 1: to the task force. How does that work? Because I
Speaker 1: thought bitcoin was supposed to be censorship resistant. I thought
Speaker 1: bitcoin is supposed to be somewhat anonymous. So can they
Speaker 1: really take it? What can they really do? It's interesting, right,
Speaker 1: Well let's talk about that. So you might have heard
Speaker 1: that bitcoin is open source. It's anonymous, but not private.
Speaker 1: So what does that mean? Anonymous not private? Well, everybody
Speaker 1: has an address, as I explained, but we don't know
Speaker 1: who those addresses belong to. Private would be you can't
Speaker 1: see any the transactions. Anonymous means it's open. I can
Speaker 1: see them, I just don't know who they belong to.
Speaker 1: Now there are some ways to try to start figuring
Speaker 1: that out. Um, So when you typically buy bitcoin or
Speaker 1: you sell bitcoin, you have to buy it on exchange
Speaker 1: that's regulated, and you have to do go through something
Speaker 1: called k y C or Know your Customer where you're
Speaker 1: gonna upload your driver's license and your passport and you're
Speaker 1: gonna upload a picture of yourself and all these things.
Speaker 1: And so what they could do is they can say, well,
Speaker 1: you bought it here with your I D and then
Speaker 1: you sold it here with your I D. And then
Speaker 1: they could use some artificial intelligence software to start to
Speaker 1: try to put all those transactions together. So that's one
Speaker 1: that way that could be done. But then we also
Speaker 1: have privacy coins that could also be more private. They
Speaker 1: can't see that. There's a lot going on, right you
Speaker 1: listen to the Mark Masha will be back with more
Speaker 1: a second. Don't go away, all right, welcome back. You
Speaker 1: are listening to the Mark Ma Show. We're talking about
Speaker 1: the decentralized revolution that is happening right now. We're witnessing it,
Speaker 1: and it is happening at an accelerated pace. Of course,
Speaker 1: I'm talking about bitcoin. I'm talking about the the intersection
Speaker 1: of politics, finance, and technology all wrapped into one. And
Speaker 1: it's never been more apparent as to why it might
Speaker 1: be important than it is right now today. Um, you know,
Speaker 1: bitcoin is a decentralized protocol. There's no company, there's no president,
Speaker 1: there's no marketing department, there's no UM, none of that.
Speaker 1: There's no budget, there's none of that. Um you didn't
Speaker 1: see it advertised on the Super Bowl because there's no company.
Speaker 1: Need to pay for it. Um. But the governments are
Speaker 1: doing a pretty good daing. They're doing a good dame
Speaker 1: job of doing the doing the promotions for us. They're
Speaker 1: proving as to why we need it. They're putting a
Speaker 1: lot of focus on that, and it's pretty important. Now
Speaker 1: before the break, I was talking about how, um, you know,
Speaker 1: under this New Emergencies Act that Canada has proposed, they
Speaker 1: want to they want a blacklist like thirty four addresses.
Speaker 1: And so if you've they've they've identified these addresses, which
Speaker 1: I said, are um you know there there. It's an
Speaker 1: open source network. So while it's anonymous, we don't necessarily
Speaker 1: who owns that address. UM, it is. It is viewable.
Speaker 1: So people can see that address, they can see UM
Speaker 1: where it's transacting, right, who it's transacting back and forth with. UM.
Speaker 1: So what can they really do with that? Right? What
Speaker 1: can they really do with that? Well, UM, there's a
Speaker 1: couple of things. So you know, a lot of people
Speaker 1: might be hearing about, or thinking about, or talking about
Speaker 1: things like called privacy coins. So privacy coins would be
Speaker 1: like mon narrow or z cash or pirate coin and
Speaker 1: things like that. And the way that a privacy coin
Speaker 1: works is that it's not open source, right, So like
Speaker 1: with bitcoin, it's open and so you can see all
Speaker 1: the wallets and I could if I had a wallet address,
Speaker 1: I could plug it into like a block explorer, and
Speaker 1: I could see that this wallet sent money, you know,
Speaker 1: sent coins to this wallet, and this wallet sent coins
Speaker 1: to that wallet, and you can kind of follow those
Speaker 1: types of types of transactions. It leaves a trail, but
Speaker 1: with privacy coins like mon narrow or z cash, it doesn't,
Speaker 1: and so you can't see all the transactions and it
Speaker 1: doesn't leave a history or a trail. And so a
Speaker 1: lot of people might say, well, if they would only
Speaker 1: use a privacy coin, then none of this would be
Speaker 1: a problem. But there's a couple of things with this.
Speaker 1: So first of all, um, if the government in this
Speaker 1: case as these thirty four um known addresses, Um, we
Speaker 1: have to watch those. Well, this is where it gets
Speaker 1: kind of funny. I have to have a little chuckle
Speaker 1: because technology is going to make the nation state let's
Speaker 1: say impotent, let's say irrelevant. So they're gonna say, well,
Speaker 1: these thirty four addresses, you know, we can't do, we
Speaker 1: can't do transacted with them. Okay, well I could just
Speaker 1: probably go create a hundred new addresses in the next
Speaker 1: five seconds. So how about I just create a new
Speaker 1: address and I send it over there. So the way
Speaker 1: that a bitcoin transaction works is obviously I'm sure it's
Speaker 1: probably a parent unless you're listening for the first time.
Speaker 1: By the way, you're listening to the Mark Maas show.
Speaker 1: If you're listening for the first time, then maybe you
Speaker 1: don't understand. But you're not really sending a coin, and
Speaker 1: there's no such thing as a coin. Bitcoin is just
Speaker 1: is just the network, and it's just code. And so
Speaker 1: the code is made up of um let's call it
Speaker 1: bits and bites. They're known as u t xos. And
Speaker 1: so when I send a bitcoin transaction, it's made up
Speaker 1: of these ut xos or these bits and bytes that
Speaker 1: go together. And those bits and bytes um they get
Speaker 1: mixed together and they get broken apart, and they have
Speaker 1: a history in their bitrail. And so what happens is,
Speaker 1: let's say that the government, whichever government, authoritarian government you
Speaker 1: want to you want to name, let's say that they say, hey, merchant,
Speaker 1: merchant A, you're not allowed to receive any coins that
Speaker 1: have the U t xos that are from these blacklisted addresses.
Speaker 1: For example. Now, first of all, the network itself, the
Speaker 1: Bitcoin network, it doesn't know any different. It says a network.
Speaker 1: It's going to send and receive all the transactions, all
Speaker 1: the U t XO is the same. Only the merchant
Speaker 1: could be forced by a government, UM it's called an
Speaker 1: authoritarian government UM to restrict that transaction. So for example, UM,
Speaker 1: I want to go spend my bitcoin at McDonald's and mcdonald'sys, Nope,
Speaker 1: we can't exceive that receive those coins because they were tainted. Now,
Speaker 1: the reality of that at this point in time is
Speaker 1: um that if I want to send bitcoin to you
Speaker 1: or you want to send bitcoin to me, I don't
Speaker 1: have a way to verify that, and you don't have
Speaker 1: a way to verify that, and McDonald's don't have a
Speaker 1: way to verify that. Now, the banking institutions are that,
Speaker 1: I should say, the crypto exchanges they do so some
Speaker 1: of them have that capability and some of them are
Speaker 1: able to do that, but that's it's highly specialized and
Speaker 1: it's not being done on a wide scale. But the
Speaker 1: other thing is that there's a couple of things I
Speaker 1: could do. One, I could use something known as like
Speaker 1: a coin mixing or like a coin joint service, and
Speaker 1: I could basically just obfuse, skate or kind of get
Speaker 1: rid of the history of the coin um So that's
Speaker 1: one option. Or number two, I could just literally, while
Speaker 1: I'm talking to you, create a hundred new addresses, and
Speaker 1: I could just send it from address one to two,
Speaker 1: to three, to four to ten to twenty thirty seventy
Speaker 1: And once you go through about six hops, they can't
Speaker 1: really they can't really follow it anyway. Six hops of
Speaker 1: meeting and go through six addresses. And so this is
Speaker 1: where it kind of gets a little bit funny, where um,
Speaker 1: as the nation state continues to try to crack down
Speaker 1: on technology, they're going to find themselves more and more
Speaker 1: irrelevant because it's code. You can't stop code. It's sort
Speaker 1: back to as I was saying in the six exteenth
Speaker 1: century UM where the Church tried to crack down on
Speaker 1: the printing press, and anybody that got a Bible or
Speaker 1: would read about it or talk about it was labeled
Speaker 1: a heretic and they were literally killed, literally, And as
Speaker 1: much as they tried to control that information, as many
Speaker 1: people as they killed trying to control that, they couldn't
Speaker 1: stop it. There was just no way they could stop it.
Speaker 1: And eventually they lost their grip. And that's exactly what's
Speaker 1: happening today. The Nation State will try to control it.
Speaker 1: They're gonna try to pass a law that says you
Speaker 1: can't have a three D printed gun for example, really,
Speaker 1: because that's just code and I could know the code
Speaker 1: in my head. Are you saying I can't memorize words now?
Speaker 1: Is that much you're saying? Um? Like, in order for
Speaker 1: me to secure my bitcoin, I could memorize twelve words,
Speaker 1: So like I can't memorize twelve words in my head now?
Speaker 1: Is that what the government's saying? I mean, if you
Speaker 1: think about it, Like the government has had a war
Speaker 1: on drugs, a pretty strong war on drugs. They spent
Speaker 1: trillions of dollars in the last um about four decades.
Speaker 1: And drugs have to be grown right in like Central
Speaker 1: America or South America. They're growing them. It's a crop, right,
Speaker 1: they have to be processed and they have to be
Speaker 1: then packaged. They have to be shipped, they have to
Speaker 1: be smuggled, they have to be distributed. And they can't
Speaker 1: even stop that. They can't even stop them from getting
Speaker 1: into a prison, which is the most secure place. How
Speaker 1: are they gonna stop something completely digital, which is code
Speaker 1: that I can memorize in there in my head. They can't,
Speaker 1: And and not that they can't, they shouldn't. They shouldn't.
Speaker 1: Remember justin Trudeau's quote I read earlier, he said that
Speaker 1: I'll read it again. When the government starts trying to
Speaker 1: cancel the Center avoid descent is when they lose their
Speaker 1: moral authoritary to govern. And so why should they try
Speaker 1: to cancel this O? Why should they cancel Why should
Speaker 1: they control what I can and can't do with my money?
Speaker 1: It's my money. I earned it. Now, I get it,
Speaker 1: I get it, I get it the argument right, But
Speaker 1: some people might do bad things with that money. Sure,
Speaker 1: people do bad things with cars. What about that guy
Speaker 1: from Waukusha or whatever that he drove his car through
Speaker 1: the Christmas parade and kill Those people should be banned cars.
Speaker 1: I mean, I can go to the I can go
Speaker 1: to the hardware store and buy all kinds of things
Speaker 1: that I could harm people with. Should we ban all that? Now?
Speaker 1: People could use money to do those bad things. They
Speaker 1: can use lots of things. We can't just ban everything now.
Speaker 1: Those bad things should be illegal, sure, right, that should
Speaker 1: be illegally. Shouldn't be allowed to do those bad things.
Speaker 1: But to try to take away people's money is ridiculous.
Speaker 1: That's like saying we should just lock everybody in a
Speaker 1: box so they can't do anything wrong. Um, we shouldn't
Speaker 1: inconvenience billions of people. We shouldn't take billions of people's
Speaker 1: human rights away to try to manage for the couple
Speaker 1: of people that might do something wrong with it. That's
Speaker 1: my opinion. Uh, I'd love for you to tell me
Speaker 1: if if you have a different opinion, go ahead and
Speaker 1: hit me on Twitter at number one, Mark Moss at
Speaker 1: number one, Mark Moss, and let me know what you think. Now.
Speaker 1: I ran a poll on Twitter speaking of Twitter before
Speaker 1: the show, and I asked a question, um, with what's
Speaker 1: going on in in Canada the government trying to crack
Speaker 1: down on cryptocurrencies, the Nation States, Canada, the US. Um,
Speaker 1: they're trying to ban it, right, They're trying to say
Speaker 1: that you can't transact it. They're trying to say that
Speaker 1: it could you could be a terrorist if you use it.
Speaker 1: So does that make you bullish or bearish? Does this
Speaker 1: make you more worried that you shouldn't own bitcoin? Or
Speaker 1: does it make you more in favorite? And uh over
Speaker 1: a thousand almost votes um almost said it makes them
Speaker 1: more bullish on bitcoin, and about almost twelve say they
Speaker 1: are bearish. What do you think? Hit me up on
Speaker 1: Twitter and let me know. By the way, you're listening
Speaker 1: to the Markmas Show, we're talking about the decentralized revolution.
Speaker 1: We're talking about bitcoin. We're talking about the intersection of politics, finance,
Speaker 1: and technology all coming together to change the way the
Speaker 1: world organizes, operates and works. Hopefully that makes sense to you.
Speaker 1: It is the largest shift that we will ever see, probably,
Speaker 1: like I said, the largest shift we have seen in
Speaker 1: two hundred and fifty years um, if not five years,
Speaker 1: since the invention of the printing press. It's literally going
Speaker 1: to have that same effect, and it's the nation state
Speaker 1: is not going to go out with a fight. I know.
Speaker 1: I've called bitcoin the great bait and switch. Most people
Speaker 1: buy it for the price appreciation and they end up
Speaker 1: staying for the freedom aspects, the freedom money. That's what's
Speaker 1: happening with the decentralized revolution. You're listening to The Mark
Speaker 1: Moa Show. Thanks for listening.