1 00:00:00,000 --> 00:00:02,639 Speaker 1: Hey, everyone, welcome to another episode of The Mark Moss Show, 2 00:00:02,920 --> 00:00:05,520 Speaker 1: where we are bringing to you the latest information on Bitcoin, 3 00:00:05,680 --> 00:00:10,240 Speaker 1: on cryptocurrencies, and the decentralized revolution. Now, each and every 4 00:00:10,280 --> 00:00:12,800 Speaker 1: week I join you and I tell you that this 5 00:00:12,880 --> 00:00:15,560 Speaker 1: is literally the biggest opportunity that you'll ever see in 6 00:00:15,560 --> 00:00:18,000 Speaker 1: your life. Not just your life. I'm talking about multiple 7 00:00:18,000 --> 00:00:21,800 Speaker 1: generations of lifetime. It's the largest wealth transfer will ever 8 00:00:21,920 --> 00:00:25,919 Speaker 1: see in history. Now, it's something that I say every week, 9 00:00:25,920 --> 00:00:27,440 Speaker 1: and so if you've been tuning each and every week, 10 00:00:27,440 --> 00:00:29,760 Speaker 1: then you've heard this before. And if you haven't been 11 00:00:29,760 --> 00:00:31,920 Speaker 1: tuning each and every week, then pull out your phone 12 00:00:32,000 --> 00:00:34,520 Speaker 1: right now, put a calendar reminder on for this channel, 13 00:00:34,640 --> 00:00:36,239 Speaker 1: this station at this time, and make sure you come 14 00:00:36,280 --> 00:00:39,440 Speaker 1: back with me every week, because I am trying to 15 00:00:39,479 --> 00:00:42,400 Speaker 1: bring to you something known as asymmetric information. Now, this 16 00:00:42,479 --> 00:00:44,840 Speaker 1: is the largest asymmetric return we'll ever see in our lifetime, 17 00:00:44,880 --> 00:00:47,040 Speaker 1: which means we have way more upside than we have downside. 18 00:00:47,240 --> 00:00:50,400 Speaker 1: And the way that you participate in asymmetric information or 19 00:00:50,440 --> 00:00:52,879 Speaker 1: take advantage of it, I'm sorry, asymmetric upside is by 20 00:00:52,920 --> 00:00:57,640 Speaker 1: having asymmetric information, you have to know something that most 21 00:00:57,640 --> 00:00:59,240 Speaker 1: people don't know, which is what I'm trying to bring 22 00:00:59,280 --> 00:01:01,600 Speaker 1: to each and every week. Now for this section, I'm 23 00:01:01,640 --> 00:01:03,360 Speaker 1: joined by two of my really good friends. I got 24 00:01:03,440 --> 00:01:05,800 Speaker 1: Matt him and his and I have Jessica Vaughan in 25 00:01:06,080 --> 00:01:08,200 Speaker 1: on the group right now. So thanks so much for 26 00:01:08,240 --> 00:01:13,240 Speaker 1: joining me, guys, well, thank you for having us more. Yeah, 27 00:01:13,319 --> 00:01:16,400 Speaker 1: you know, uh, we've we've all spent quite a bit 28 00:01:16,440 --> 00:01:19,640 Speaker 1: of time sitting around, uh talking about these kinds of subjects. 29 00:01:19,640 --> 00:01:21,200 Speaker 1: So I love just to kind of get in and 30 00:01:21,319 --> 00:01:22,680 Speaker 1: uh and talk about him. So I want to talk 31 00:01:22,680 --> 00:01:24,720 Speaker 1: about a couple of things specifically, I want to start 32 00:01:24,760 --> 00:01:28,880 Speaker 1: with what I said, right, and asymmetric upside comes from 33 00:01:28,959 --> 00:01:31,080 Speaker 1: a symmetric information. By the way, if you're pulling out 34 00:01:31,080 --> 00:01:34,000 Speaker 1: your phone and you are um putting a kind of 35 00:01:34,040 --> 00:01:36,240 Speaker 1: reminder on for the show, make sure to follow the 36 00:01:36,240 --> 00:01:39,200 Speaker 1: lovely Jessica Vaughan on Twitter at Jessica Vaughan. And you 37 00:01:39,240 --> 00:01:43,200 Speaker 1: can follow Matt at m j A Y profits m 38 00:01:43,240 --> 00:01:45,320 Speaker 1: j A Y Prophets. And of course I'm one Mark 39 00:01:45,440 --> 00:01:47,840 Speaker 1: moss Um. But you know, there's this article that came 40 00:01:47,880 --> 00:01:51,040 Speaker 1: out and it was on Bloomberg and it was talking 41 00:01:51,080 --> 00:01:54,400 Speaker 1: about Peter Deal. Now, Peter Deal is uh probably the 42 00:01:54,440 --> 00:01:58,600 Speaker 1: most well known billionaire venture capitalist, tech investor in the world, 43 00:01:58,960 --> 00:02:01,920 Speaker 1: and he was at this meeting on Wednesday and he said, 44 00:02:02,560 --> 00:02:05,640 Speaker 1: he said, uh, he's he's famous for being early into bitcoin, 45 00:02:05,720 --> 00:02:10,120 Speaker 1: and he said, I'm under invested in bitcoin. And then 46 00:02:10,160 --> 00:02:15,800 Speaker 1: he said, um, my hesitation about investing was that I thought, quote, 47 00:02:15,919 --> 00:02:21,440 Speaker 1: the secret was already known by everybody, adding maybe it's 48 00:02:21,520 --> 00:02:24,000 Speaker 1: still enough of a secret. So he's basically saying the 49 00:02:24,040 --> 00:02:26,919 Speaker 1: same thing, right. He he he thought everybody knew there 50 00:02:26,919 --> 00:02:30,000 Speaker 1: was no asymmetric information, but he's basically saying, no, it's not. 51 00:02:30,160 --> 00:02:33,160 Speaker 1: Maybe maybe maybe it's still enough of a secret, and 52 00:02:33,200 --> 00:02:36,040 Speaker 1: so there's still asymmetric information. Most people don't know. Is that? 53 00:02:36,120 --> 00:02:38,679 Speaker 1: Is that the experience you guys have seen. To me, 54 00:02:38,840 --> 00:02:41,680 Speaker 1: that's been more than the experience. I feel like everybody 55 00:02:41,760 --> 00:02:44,840 Speaker 1: is so skeptical, skeptical about getting instocriptos because they think 56 00:02:44,840 --> 00:02:47,000 Speaker 1: it's so late, because they look at the price, but 57 00:02:47,040 --> 00:02:48,960 Speaker 1: they don't really like zoom out and see what it's 58 00:02:49,000 --> 00:02:54,640 Speaker 1: actually solving and where it's being implemented in causing seamless 59 00:02:54,680 --> 00:02:58,360 Speaker 1: transactions and opportunity and inclusiveness for the rest of the 60 00:02:58,360 --> 00:03:01,399 Speaker 1: world into the financial system. I think that people think 61 00:03:01,400 --> 00:03:03,440 Speaker 1: it's too late, but they're just looking at the price 62 00:03:03,560 --> 00:03:06,840 Speaker 1: rather than the fundamentals. Also, half the educators UM that 63 00:03:06,919 --> 00:03:10,799 Speaker 1: are telling people about the broken monetary system are pushing 64 00:03:10,800 --> 00:03:14,040 Speaker 1: them towards precious metals, which is obviously safe, but it's 65 00:03:14,080 --> 00:03:18,520 Speaker 1: not going to give them UM the opportunity to make 66 00:03:18,560 --> 00:03:21,000 Speaker 1: the huge gains that we are in bitcoin. So that's 67 00:03:21,040 --> 00:03:23,800 Speaker 1: one thing that's happening UM. And then of course the 68 00:03:23,919 --> 00:03:25,880 Speaker 1: unit bias. Like one of my friends wrote me this 69 00:03:25,919 --> 00:03:28,320 Speaker 1: morning that I've been urging for a year to buy 70 00:03:28,320 --> 00:03:31,840 Speaker 1: bitcoin UM and he was like, well, ETHEREUMS, I can 71 00:03:31,919 --> 00:03:33,880 Speaker 1: best blah blah blah, all the stuff about you know, 72 00:03:33,919 --> 00:03:36,600 Speaker 1: the potentiality of the games that you can have there, 73 00:03:36,760 --> 00:03:40,200 Speaker 1: and it's just unit bias at work. So UM. I 74 00:03:40,200 --> 00:03:42,360 Speaker 1: think those are the two biggest things as far as 75 00:03:42,400 --> 00:03:46,840 Speaker 1: why UM bitcoin and and bitcoin is not as intuitive 76 00:03:47,000 --> 00:03:50,240 Speaker 1: as UM it is for us that have to UM 77 00:03:51,160 --> 00:03:53,400 Speaker 1: UM think about bitcoin as often as we do because 78 00:03:53,480 --> 00:03:56,080 Speaker 1: of of UM what we do as far as speaking 79 00:03:56,080 --> 00:03:59,280 Speaker 1: with the public UM, and so maybe we just need 80 00:03:59,280 --> 00:04:01,600 Speaker 1: to spend more time going back and talking about unit 81 00:04:01,640 --> 00:04:04,200 Speaker 1: bias and and and what the value of a cetoceans 82 00:04:04,200 --> 00:04:06,440 Speaker 1: don't you want an asset with a higher value potential 83 00:04:06,640 --> 00:04:08,440 Speaker 1: to own less of it, that that's still better than 84 00:04:08,480 --> 00:04:12,839 Speaker 1: owning a secondary type of asset that doesn't have that potential. Yeah, 85 00:04:12,920 --> 00:04:14,960 Speaker 1: I mean that's that's that's definitely a great point. I think. 86 00:04:16,000 --> 00:04:18,200 Speaker 1: I think, you know, there's there's two sides of it. 87 00:04:18,279 --> 00:04:20,680 Speaker 1: So one, he said, it's still enough of a secret. 88 00:04:20,720 --> 00:04:22,800 Speaker 1: So he thought more people kind of knew about it, 89 00:04:22,880 --> 00:04:25,080 Speaker 1: and so he was shocked that not as many people 90 00:04:25,120 --> 00:04:26,920 Speaker 1: know about it. I know, like I have been saying 91 00:04:26,960 --> 00:04:29,120 Speaker 1: on this show, this, this, this, this last couple episodes, 92 00:04:29,160 --> 00:04:31,560 Speaker 1: like if you went to the mall um and you 93 00:04:31,600 --> 00:04:34,080 Speaker 1: asked a hundred people if they own bitcoin, Like what 94 00:04:34,120 --> 00:04:36,880 Speaker 1: do you think the percentage of people would actually even 95 00:04:36,920 --> 00:04:38,680 Speaker 1: know what you're talking about? I'd say a lot of 96 00:04:38,680 --> 00:04:41,680 Speaker 1: people actually know the name, but have no idea about it, 97 00:04:41,720 --> 00:04:43,719 Speaker 1: because like when I do bring it up, you know, 98 00:04:43,839 --> 00:04:47,599 Speaker 1: to random people are just friends that aren't into financial markets, 99 00:04:47,640 --> 00:04:49,200 Speaker 1: they look at me like, oh, yeah, I've heard of it? 100 00:04:49,240 --> 00:04:52,360 Speaker 1: What is that? That that Internet money or that Ponzi scheme? 101 00:04:52,400 --> 00:04:54,719 Speaker 1: They still don't have a grasp on actually what it 102 00:04:54,920 --> 00:04:57,640 Speaker 1: is and what it's solving. So people are still skeptical. 103 00:04:57,920 --> 00:04:59,440 Speaker 1: And back to what he was saying like, if he 104 00:04:59,520 --> 00:05:02,159 Speaker 1: thinks it's late, waiting is only gonna make it later. 105 00:05:02,680 --> 00:05:04,760 Speaker 1: And you can't judge it on price thinking that it's 106 00:05:04,800 --> 00:05:08,479 Speaker 1: too late because the problems it's solving its quadruple the 107 00:05:08,520 --> 00:05:11,839 Speaker 1: price of what it would be once those problems are solved, 108 00:05:11,880 --> 00:05:15,240 Speaker 1: you know. Well, and for me, I always push bitcoin 109 00:05:15,400 --> 00:05:21,080 Speaker 1: as um a philosophical dive into how to protect individual 110 00:05:21,120 --> 00:05:24,640 Speaker 1: freedoms as they're becoming more and more attacked these days. Uh. 111 00:05:24,680 --> 00:05:28,520 Speaker 1: And so I go philosophically with bitcoin, not just you know, 112 00:05:28,640 --> 00:05:30,800 Speaker 1: number go up. Number go up is great. It signals 113 00:05:30,839 --> 00:05:33,279 Speaker 1: all this confidence and it lets me know that um, 114 00:05:33,320 --> 00:05:37,440 Speaker 1: it's it's getting more and more adoption. Um. But but 115 00:05:37,560 --> 00:05:39,760 Speaker 1: sure people are gonna feel like if you go just 116 00:05:39,839 --> 00:05:42,480 Speaker 1: off of monetary value alone, of course, people are gonna 117 00:05:42,480 --> 00:05:44,520 Speaker 1: feel like they missed a boat because it's so expensive. 118 00:05:44,720 --> 00:05:46,919 Speaker 1: I was happy to buy it high because I wanted 119 00:05:46,960 --> 00:05:51,000 Speaker 1: to join a financial revolution to give people their sovereignty back. Mmm. 120 00:05:51,120 --> 00:05:52,920 Speaker 1: I love I love that part, Jess, And I think 121 00:05:52,960 --> 00:05:55,200 Speaker 1: that's that's actually a really key point. Let's dig into 122 00:05:55,240 --> 00:05:57,480 Speaker 1: that for a minute, because I think to the point 123 00:05:57,480 --> 00:06:01,000 Speaker 1: you just made there was like philosophically and my whole 124 00:06:01,040 --> 00:06:04,159 Speaker 1: message has always been like why why bitcoin? And so 125 00:06:04,200 --> 00:06:06,320 Speaker 1: if you're just focusing on the price, oh, it's too high, 126 00:06:06,480 --> 00:06:09,080 Speaker 1: But if you don't understand why, like what's the driver 127 00:06:09,279 --> 00:06:12,080 Speaker 1: behind that? Right? So he went on to say, and 128 00:06:12,360 --> 00:06:14,919 Speaker 1: let me go back and read him. He says, cryptocurrencies 129 00:06:15,080 --> 00:06:19,040 Speaker 1: rise was a rebuke of the world's financial system. So 130 00:06:19,080 --> 00:06:22,160 Speaker 1: the financial system is in such disarray, printing trillions of dollars, 131 00:06:22,320 --> 00:06:24,680 Speaker 1: and bitcoin is rebuking that. And then you wanted to say, 132 00:06:25,279 --> 00:06:28,520 Speaker 1: it surely tells us that we're at a complete bankruptcy 133 00:06:28,839 --> 00:06:32,600 Speaker 1: moment for central banks. And so, uh, philosophically, I mean, 134 00:06:32,600 --> 00:06:34,839 Speaker 1: I guess that's a little bit more fundamentally on the 135 00:06:34,839 --> 00:06:38,520 Speaker 1: banking system. But um, it's like that's why bitcoin, like 136 00:06:38,560 --> 00:06:42,320 Speaker 1: the price of bitcoin exponentially because the dollar could basically 137 00:06:42,440 --> 00:06:44,960 Speaker 1: fall to zero. What do you what do you think 138 00:06:45,000 --> 00:06:47,640 Speaker 1: about bitcoin while all of cryptocurrency? What do you think 139 00:06:47,680 --> 00:06:52,440 Speaker 1: about cryptocurrency? Um hiding the true number of inflation because 140 00:06:52,480 --> 00:06:58,279 Speaker 1: it's taking US dollars out of um, you know, measurable variants. Yeah, 141 00:06:58,320 --> 00:07:00,919 Speaker 1: like out of indicators like like the consumer price index 142 00:07:01,000 --> 00:07:03,120 Speaker 1: or something like that. Well, you know, the more you 143 00:07:03,200 --> 00:07:05,719 Speaker 1: dilute the supply of money. We've of course been you know, 144 00:07:05,760 --> 00:07:08,200 Speaker 1: with our stimulus checks, when we bought bitcoin, this type 145 00:07:08,200 --> 00:07:10,720 Speaker 1: of thing. Um. But we're pulling it out of assets 146 00:07:10,800 --> 00:07:14,560 Speaker 1: in into traditional finance and putting it into crypto. So 147 00:07:14,960 --> 00:07:17,760 Speaker 1: that's interesting when you think about a lot of the 148 00:07:17,800 --> 00:07:20,760 Speaker 1: money being a lot of the extraneous money that's been 149 00:07:20,760 --> 00:07:23,800 Speaker 1: printed in the last two years that's caused the inflation. 150 00:07:23,800 --> 00:07:25,960 Speaker 1: I mean, the inflation is a desired effect. I mean, 151 00:07:26,000 --> 00:07:28,840 Speaker 1: they wouldn't have done these policies. They understand. It's not 152 00:07:28,880 --> 00:07:33,600 Speaker 1: like they don't understand what printing money historically, does they know? Yeah, 153 00:07:34,120 --> 00:07:36,960 Speaker 1: it seems intentional to me. Yeah, yeah, he said. He 154 00:07:36,960 --> 00:07:39,360 Speaker 1: said it tells us that we're to complete bankruptcy moment, 155 00:07:39,400 --> 00:07:41,360 Speaker 1: which I thought was interesting because I would look at 156 00:07:41,400 --> 00:07:43,440 Speaker 1: and go, we'll shoot in nineteen seventy one when we 157 00:07:43,480 --> 00:07:45,840 Speaker 1: defaulted on our on our debts and we severed the 158 00:07:45,840 --> 00:07:47,920 Speaker 1: gold standard. That was when we when we when we 159 00:07:47,960 --> 00:07:51,720 Speaker 1: went bankrupt. Um. But I think I think that pieces 160 00:07:51,920 --> 00:07:54,320 Speaker 1: is important. Um. And then back to kind of just 161 00:07:54,480 --> 00:07:58,480 Speaker 1: what you're saying about the philosophy side. The philosophical side, 162 00:07:58,760 --> 00:08:03,400 Speaker 1: he said that crypto was libertarian because it's a force 163 00:08:03,480 --> 00:08:08,880 Speaker 1: for decentralization, and that by extension AI, especially sort of 164 00:08:08,920 --> 00:08:12,640 Speaker 1: low tech surveillance form is essentially communist because it's a 165 00:08:12,680 --> 00:08:20,960 Speaker 1: force for centralization. So much truth. Yeah, like like what 166 00:08:21,360 --> 00:08:22,560 Speaker 1: like what what do you what do you see there? 167 00:08:22,600 --> 00:08:24,560 Speaker 1: I mean and I think, I think really like that's 168 00:08:24,640 --> 00:08:29,160 Speaker 1: the bigger piece, right, So it's like, okay, number go up, cool, whatever, Okay, 169 00:08:29,160 --> 00:08:31,760 Speaker 1: I guess you know, the financial recepts cracking apart, whatever, 170 00:08:31,960 --> 00:08:34,880 Speaker 1: But there's something like way bigger going on here. We're 171 00:08:34,920 --> 00:08:38,160 Speaker 1: talking about philosophically, we're talking about like the way the 172 00:08:38,200 --> 00:08:42,280 Speaker 1: world works and the way that we interact. Um, we're 173 00:08:42,320 --> 00:08:44,080 Speaker 1: gonna have to take a break here, but when I 174 00:08:44,120 --> 00:08:46,600 Speaker 1: come back, I want to Jess. We'll lead with her. 175 00:08:46,640 --> 00:08:49,440 Speaker 1: We'll talk about that philosophically, kind of the difference between 176 00:08:49,480 --> 00:08:54,040 Speaker 1: the centralization, the decentralization, the libertarian versus the communist, the 177 00:08:54,080 --> 00:08:58,280 Speaker 1: differences of technology. And what's interesting is just how technology 178 00:08:58,320 --> 00:09:00,679 Speaker 1: can really foster or build the found dation to have 179 00:09:00,840 --> 00:09:03,960 Speaker 1: those philosophical differences. Uh. And again we're bringing you the 180 00:09:03,960 --> 00:09:06,920 Speaker 1: information you need to know to have this asymmetric information 181 00:09:06,960 --> 00:09:11,199 Speaker 1: to take advantage of the asymmetric upside that's available. Don't 182 00:09:11,240 --> 00:09:15,040 Speaker 1: be like Peter Deal, don't be under invested because you 183 00:09:15,120 --> 00:09:17,679 Speaker 1: don't have the right information. If someone like him can 184 00:09:17,760 --> 00:09:20,079 Speaker 1: have the wrong information, you can too. Of course, you 185 00:09:20,160 --> 00:09:21,680 Speaker 1: listen to the Mark mos Show A Mom with Matt 186 00:09:21,760 --> 00:09:25,720 Speaker 1: him Andez and Jessica Van. We're here each end. Every week. 187 00:09:26,160 --> 00:09:29,960 Speaker 1: We're gonna be right back talking about bitcoin the foundations 188 00:09:30,040 --> 00:09:33,280 Speaker 1: of the philosophy. So we'll be right back. Hey everyone, 189 00:09:33,320 --> 00:09:35,680 Speaker 1: welcome back to the Mark Moa Show where we're talking 190 00:09:35,679 --> 00:09:39,960 Speaker 1: about bitcoin, cryptocurrencies, the decentralized revolution. Literally, I am bringing 191 00:09:40,000 --> 00:09:43,320 Speaker 1: you the information that most people don't know, the asymmetric information, 192 00:09:43,640 --> 00:09:46,280 Speaker 1: so you have the asymmetric upside. We're talking about before 193 00:09:46,280 --> 00:09:48,640 Speaker 1: the break, talking about Peter Thiel, one of the best 194 00:09:48,640 --> 00:09:51,319 Speaker 1: well known venture capital investors tech investors at a Silicon 195 00:09:51,400 --> 00:09:53,480 Speaker 1: valley and he was talking about how he says he 196 00:09:53,600 --> 00:09:57,000 Speaker 1: was under invested into bitcoin because he thought, um, the 197 00:09:57,040 --> 00:09:59,440 Speaker 1: secret was already known by everybody, but actually it wasn't 198 00:09:59,800 --> 00:10:02,280 Speaker 1: a known enough And then he went on to say 199 00:10:02,440 --> 00:10:04,960 Speaker 1: the reasons why, and this is what's important. I think 200 00:10:04,960 --> 00:10:07,240 Speaker 1: the why not the number go up. But he said 201 00:10:07,280 --> 00:10:10,839 Speaker 1: that crypto is libertarian because it's a force for decentralization 202 00:10:11,679 --> 00:10:16,520 Speaker 1: and by that extension AI is especially low tech low 203 00:10:16,559 --> 00:10:19,800 Speaker 1: tech surveillance form is essentially communist because it's a force 204 00:10:20,200 --> 00:10:23,600 Speaker 1: for centralization. Those are on opposite end of the spectrum, 205 00:10:23,600 --> 00:10:26,000 Speaker 1: two different sides of tech. What do you think about that, 206 00:10:26,080 --> 00:10:30,400 Speaker 1: jess um Well, I I make this argument a lot 207 00:10:30,480 --> 00:10:34,640 Speaker 1: that people people's criticism of bitcoin, they'll be really concerned 208 00:10:34,800 --> 00:10:38,280 Speaker 1: that it's to push us towards a cashalist society. And 209 00:10:38,320 --> 00:10:40,480 Speaker 1: what I have to say is that they're working on 210 00:10:40,520 --> 00:10:43,400 Speaker 1: a fed coin anyway, we're working towards a cassualist society. 211 00:10:43,440 --> 00:10:45,959 Speaker 1: I'm very pro cash because I like the privacy that 212 00:10:46,040 --> 00:10:49,120 Speaker 1: it offers, but because they're doing it, because that's the 213 00:10:49,120 --> 00:10:51,880 Speaker 1: intent that they're enacting. Now you know they can go 214 00:10:52,000 --> 00:10:55,000 Speaker 1: the whole COVID make is exchanging money is very dirty, 215 00:10:55,400 --> 00:10:58,600 Speaker 1: it's you know cash, Their people hide their wealth through 216 00:10:58,640 --> 00:11:00,839 Speaker 1: cash and and all these sayings. Of course, you know 217 00:11:00,920 --> 00:11:04,480 Speaker 1: the bank accounts with the activity of six hundred dollars. 218 00:11:04,480 --> 00:11:06,360 Speaker 1: You know that they think that now they should be 219 00:11:06,400 --> 00:11:08,240 Speaker 1: able to have access to that without a warrant, which 220 00:11:08,280 --> 00:11:11,440 Speaker 1: I don't agree with. Bitcoin is an opportunity to have 221 00:11:11,559 --> 00:11:17,400 Speaker 1: a stable, uh solid money monetary system that's an alternative 222 00:11:17,400 --> 00:11:21,400 Speaker 1: to the centralized finance system. Um that government is offering. 223 00:11:21,800 --> 00:11:25,920 Speaker 1: So it's it's such an opportunity to retain your freedom 224 00:11:26,000 --> 00:11:30,360 Speaker 1: that they're coming to collect from you, and um, that's 225 00:11:30,360 --> 00:11:34,840 Speaker 1: why it's very libertarian in my idea. Yeah, I agree. 226 00:11:34,920 --> 00:11:37,200 Speaker 1: I mean, I think the more push that they give 227 00:11:37,280 --> 00:11:39,880 Speaker 1: on this will give more of a highlight to bitcoin. 228 00:11:39,960 --> 00:11:43,280 Speaker 1: It'll show here in America because we're so privileged that 229 00:11:43,760 --> 00:11:46,480 Speaker 1: we actually need this. You know, they're they're stepping a 230 00:11:46,480 --> 00:11:49,160 Speaker 1: little bit too far into our bank accounts, too far 231 00:11:49,240 --> 00:11:52,800 Speaker 1: into our information, and I think that's gonna give people 232 00:11:53,280 --> 00:11:55,720 Speaker 1: a push and urge to be like, Okay, wait, this 233 00:11:55,760 --> 00:12:00,160 Speaker 1: doesn't seem right. Because my generation grows up with this, say, 234 00:12:00,160 --> 00:12:02,959 Speaker 1: as the norm, and now when it steps out of 235 00:12:02,960 --> 00:12:05,000 Speaker 1: the norm and it's a little bit more pressed upon them, 236 00:12:05,200 --> 00:12:07,560 Speaker 1: I think they're gonna look for alternatives, and the only 237 00:12:08,520 --> 00:12:12,920 Speaker 1: feasible or reasonable option would be Bitcoin. I mean, they 238 00:12:12,920 --> 00:12:15,880 Speaker 1: could see the glamorous all coins, but what's been around 239 00:12:15,920 --> 00:12:19,840 Speaker 1: the longest, what shows the best track. It's Bitcoin. Yeah. 240 00:12:19,920 --> 00:12:22,840 Speaker 1: What what I think of is like, I know, you 241 00:12:22,880 --> 00:12:24,840 Speaker 1: know I've said you guys have probably heard me say 242 00:12:24,880 --> 00:12:26,640 Speaker 1: many times. I don't I don't like these labels, right, 243 00:12:26,679 --> 00:12:29,920 Speaker 1: I don't like socialism and fascism and communism and capitalism 244 00:12:29,920 --> 00:12:32,640 Speaker 1: and all those different things. And I think the definitions 245 00:12:32,679 --> 00:12:36,040 Speaker 1: get too messed up. And so um, fascism is right 246 00:12:36,160 --> 00:12:39,360 Speaker 1: supposedly and socialism is left. And I don't know what 247 00:12:39,440 --> 00:12:40,840 Speaker 1: I like to do. Is I like to look at 248 00:12:40,920 --> 00:12:44,520 Speaker 1: we have individualism on one side and collectivism on the other, 249 00:12:44,880 --> 00:12:46,840 Speaker 1: And so I would put fascism and socialism both on 250 00:12:46,880 --> 00:12:48,960 Speaker 1: the collectivism side. And so when I think about that 251 00:12:49,040 --> 00:12:53,679 Speaker 1: quote what he said there, um individualism versus collectivism. UM, 252 00:12:53,720 --> 00:12:56,960 Speaker 1: Crypto is decentralized, right. We can each custody our own 253 00:12:57,160 --> 00:13:00,720 Speaker 1: cut assets, right, we control it. It's not centralized, nobody 254 00:13:00,800 --> 00:13:05,320 Speaker 1: collectively controlled it. It's decentralized, individually controlled um. And so 255 00:13:05,360 --> 00:13:08,240 Speaker 1: I think of that individualism and then the opposite being 256 00:13:08,280 --> 00:13:12,720 Speaker 1: that AI tech, the centralized AI tech, especially the Survellans 257 00:13:12,760 --> 00:13:15,800 Speaker 1: form is controlled centrally, right. So it's like on Facebook, 258 00:13:16,080 --> 00:13:19,360 Speaker 1: so the Facebook servers essentially controlled. That's that's collective, is um. 259 00:13:19,520 --> 00:13:22,200 Speaker 1: And of course then that's shared and manipulated by the 260 00:13:22,240 --> 00:13:24,000 Speaker 1: governments and things like that. So I guess that's kind 261 00:13:24,000 --> 00:13:26,920 Speaker 1: of what I was thinking philosophy wise. I think his 262 00:13:27,280 --> 00:13:30,920 Speaker 1: disclosure that he was under invested in bitcoin was more 263 00:13:31,120 --> 00:13:35,240 Speaker 1: just um an exclamation about his confidence in bitcoin. I 264 00:13:35,240 --> 00:13:37,360 Speaker 1: wouldn't think that he's you know, because we all feel 265 00:13:37,360 --> 00:13:39,320 Speaker 1: that way. Once you understand bitcoin, You're like, oh, do 266 00:13:39,360 --> 00:13:41,880 Speaker 1: I liquidate my house to have this asthlete? You know, 267 00:13:42,520 --> 00:13:45,120 Speaker 1: like they call it so volatile, but I mean a 268 00:13:45,120 --> 00:13:48,559 Speaker 1: deflationary currency can do nothing but go up anyways, people 269 00:13:48,600 --> 00:13:53,160 Speaker 1: lose their keys, and um, there's just no way bitcoin 270 00:13:53,200 --> 00:13:56,040 Speaker 1: can do anything except increase in value. So why would 271 00:13:56,080 --> 00:13:58,880 Speaker 1: we not want it? Yeah? Well, the thing the thing 272 00:13:58,920 --> 00:14:01,240 Speaker 1: with what he said was every time, every time you 273 00:14:01,240 --> 00:14:03,240 Speaker 1: get into a good investment and it goes up in value, 274 00:14:03,320 --> 00:14:05,840 Speaker 1: you're you're like, you feel like you're underinvested. But if 275 00:14:05,840 --> 00:14:08,319 Speaker 1: you if you invest in something and it goes down, um, 276 00:14:08,520 --> 00:14:10,880 Speaker 1: then you wish you didn't invest so much. I mean 277 00:14:11,200 --> 00:14:13,440 Speaker 1: a real good example earlier this year, I got into 278 00:14:13,480 --> 00:14:17,400 Speaker 1: this early round company that they make it's like a 279 00:14:17,440 --> 00:14:20,160 Speaker 1: meal bay, a plant based like meal delivery service. And 280 00:14:20,200 --> 00:14:22,640 Speaker 1: I got in on the first round venture round. And 281 00:14:23,440 --> 00:14:24,960 Speaker 1: my friend that I went on to deal with, he 282 00:14:25,000 --> 00:14:28,440 Speaker 1: put in like six dollars. I put in much less 283 00:14:28,440 --> 00:14:30,400 Speaker 1: than that, um, and I think we got in like 284 00:14:30,440 --> 00:14:32,520 Speaker 1: thirty cents, and within like a month or two it's 285 00:14:32,520 --> 00:14:35,400 Speaker 1: shot up to like two bucks, and I was like, 286 00:14:35,480 --> 00:14:37,640 Speaker 1: oh my gosh, like why didn't I put that same 287 00:14:37,640 --> 00:14:39,360 Speaker 1: amount of money and that he did, Like I can't 288 00:14:39,360 --> 00:14:41,880 Speaker 1: believe it, right, Like I could have crushed it on 289 00:14:41,920 --> 00:14:43,960 Speaker 1: that and like now it's all the way down to 290 00:14:43,960 --> 00:14:47,160 Speaker 1: like thirty cents, and I'm like, dang, I'm so glad 291 00:14:47,720 --> 00:14:51,000 Speaker 1: I didn't put how much money and as he did. Right. 292 00:14:51,280 --> 00:14:55,480 Speaker 1: Isn't it funny how we uh say things for the 293 00:14:55,520 --> 00:14:59,400 Speaker 1: convenience of our own psyche, Like, for instance, bitcoin, if 294 00:14:59,680 --> 00:15:02,520 Speaker 1: it goes up exponentially, you're like, damg, I didn't invest enough. 295 00:15:02,560 --> 00:15:04,520 Speaker 1: But if it went down, you're like, oh, I knew, 296 00:15:04,560 --> 00:15:06,360 Speaker 1: I knew a good thing. I didn't invest that much. 297 00:15:06,600 --> 00:15:10,040 Speaker 1: And we always give the narrative to like justify what 298 00:15:10,080 --> 00:15:14,400 Speaker 1: we did, and that applies to everything actually, So yeah, 299 00:15:14,480 --> 00:15:16,240 Speaker 1: so I think I think that's important. The other thing 300 00:15:16,320 --> 00:15:18,080 Speaker 1: that I would say is just just zoom out and 301 00:15:18,160 --> 00:15:20,080 Speaker 1: let's not be so so caught up on that short 302 00:15:20,160 --> 00:15:27,120 Speaker 1: term price. UM. I love that UM people want bitcoin, 303 00:15:27,200 --> 00:15:32,400 Speaker 1: these um institutional investors, they are going to buy bitcoin 304 00:15:32,680 --> 00:15:37,120 Speaker 1: and give it this uh, this stable backbone and signal 305 00:15:37,120 --> 00:15:40,520 Speaker 1: all this confidence to the rest of us. UM. But 306 00:15:40,680 --> 00:15:44,760 Speaker 1: really what they're doing is backing of freedom technology and 307 00:15:44,760 --> 00:15:46,520 Speaker 1: they don't even care they're doing that because they just 308 00:15:46,560 --> 00:15:49,600 Speaker 1: care about their gains financially. But I love that that 309 00:15:49,720 --> 00:15:52,280 Speaker 1: it's just it's their backing liberation and they don't even 310 00:15:52,280 --> 00:15:54,760 Speaker 1: really know they're doing that and they don't care. I mean, 311 00:15:54,760 --> 00:15:57,880 Speaker 1: how great is that? Yeah? That that is great? Like 312 00:15:57,880 --> 00:15:59,200 Speaker 1: like all these people that jumped in this e t 313 00:15:59,360 --> 00:16:01,720 Speaker 1: F right, like all these like institutions, funds whatever buying 314 00:16:01,760 --> 00:16:04,120 Speaker 1: in uh, and they don't realize that they're helping to 315 00:16:04,120 --> 00:16:08,720 Speaker 1: support the network. To your point, like how exciting. Yeah, 316 00:16:08,800 --> 00:16:11,760 Speaker 1: even even even when bitcoin has so many upsides, it 317 00:16:11,840 --> 00:16:14,320 Speaker 1: can't do anything. But when of course that means that 318 00:16:14,440 --> 00:16:18,360 Speaker 1: I've underinvested as the rest of everybody because it's such 319 00:16:18,400 --> 00:16:22,640 Speaker 1: a it's such a solid situation. Yeah. And and to 320 00:16:22,640 --> 00:16:25,400 Speaker 1: to that point, Jess, I think, what that's that's the 321 00:16:25,440 --> 00:16:28,800 Speaker 1: whole piece, right, So like just trying to understand that, 322 00:16:28,840 --> 00:16:30,920 Speaker 1: Like even I think I saw a story came out. 323 00:16:30,960 --> 00:16:32,720 Speaker 1: I think it was a fake news story, but it 324 00:16:32,800 --> 00:16:35,200 Speaker 1: said that Russia was adding bitcoin to their reserves and 325 00:16:35,200 --> 00:16:36,840 Speaker 1: it started to kind of bounce it around. Even Max 326 00:16:36,880 --> 00:16:40,600 Speaker 1: guys shared it, and so like even um Russia, who's 327 00:16:40,640 --> 00:16:43,280 Speaker 1: you know, typically worth been taught to think of Russia 328 00:16:43,320 --> 00:16:45,800 Speaker 1: being bad, but by them buying bitcoin kind of to 329 00:16:45,840 --> 00:16:48,600 Speaker 1: the point you're making, jess um, that's actually helping secure 330 00:16:48,640 --> 00:16:51,240 Speaker 1: the network for a freedom nothing but good news didn't 331 00:16:51,280 --> 00:16:54,840 Speaker 1: In that article they said something about putting bitcoin on 332 00:16:54,920 --> 00:16:58,120 Speaker 1: the federal reserves balance sheet as a reserve asset or 333 00:16:58,160 --> 00:17:00,280 Speaker 1: something like that. I saw that in the article and 334 00:17:00,320 --> 00:17:04,040 Speaker 1: bloombird somewhere. Yeah, so even even the government's, even the 335 00:17:04,040 --> 00:17:07,160 Speaker 1: most totalitarian regime that wants to get involved with bitcoin 336 00:17:07,320 --> 00:17:10,199 Speaker 1: is only working to support it. Now I want to 337 00:17:10,200 --> 00:17:11,960 Speaker 1: switch gears. I want to talk about some other stories. 338 00:17:12,160 --> 00:17:15,159 Speaker 1: There's some really really really big problems in the world today, 339 00:17:15,160 --> 00:17:18,800 Speaker 1: and we have some serious literally like literally crisis is happening. 340 00:17:18,800 --> 00:17:20,119 Speaker 1: And I don't want to um, I don't want to 341 00:17:20,119 --> 00:17:23,200 Speaker 1: sound hyperbole, but I'm seriously this this is a serious 342 00:17:23,200 --> 00:17:25,680 Speaker 1: crisis happening, and I think the leaders are so out 343 00:17:25,680 --> 00:17:30,440 Speaker 1: of touch with this, and of course, like everything, bitcoin 344 00:17:30,760 --> 00:17:33,040 Speaker 1: fixes this, and if you understand how big of a 345 00:17:33,080 --> 00:17:35,159 Speaker 1: problem this is and how bitcoin can fix it, I 346 00:17:35,160 --> 00:17:37,840 Speaker 1: think this is the information you need now. I'm joined 347 00:17:37,840 --> 00:17:40,840 Speaker 1: with Matt Himanez and uh the lovely Jessica Vaughan. You 348 00:17:40,880 --> 00:17:43,679 Speaker 1: can find Matt on Twitter at m j A Y 349 00:17:43,760 --> 00:17:47,200 Speaker 1: Profits and Jessica Vaughan at Jessica Vaughan. And of course 350 00:17:47,280 --> 00:17:49,760 Speaker 1: I am one Mark Moss. Give us a follows, shoot 351 00:17:49,800 --> 00:17:51,280 Speaker 1: us a question to say you heard us on the radio. 352 00:17:51,560 --> 00:17:53,119 Speaker 1: We'd love to hear from you. I'll answer your questions 353 00:17:53,119 --> 00:17:54,960 Speaker 1: on the show next week when we get back, we're 354 00:17:54,960 --> 00:17:58,000 Speaker 1: going to talk about the crisis that's happening and how 355 00:17:58,080 --> 00:18:01,439 Speaker 1: bitcoin fixes this. Stay tuned. Hey everyone, welcome back to 356 00:18:01,600 --> 00:18:05,159 Speaker 1: the Mark Moss Show. We are talking about Bitcoin, cryptocurrencies 357 00:18:05,160 --> 00:18:07,680 Speaker 1: in the decentralized revolution. Um here with you each and 358 00:18:07,720 --> 00:18:09,919 Speaker 1: every week, bringing you the information that you need to 359 00:18:10,040 --> 00:18:12,919 Speaker 1: take advantage of the greatest wealth transfer that we have 360 00:18:13,000 --> 00:18:16,240 Speaker 1: ever seen. Don't miss the show's pull atrophone. Put a 361 00:18:16,240 --> 00:18:18,520 Speaker 1: reminder on right now for this station this time to 362 00:18:18,600 --> 00:18:20,639 Speaker 1: be back each and every time. Follow me on Twitter 363 00:18:20,760 --> 00:18:23,080 Speaker 1: at one Mark Moss on Instagram, shoot me a message. 364 00:18:23,320 --> 00:18:25,920 Speaker 1: I'm joined by two of my really really good friends. Here. 365 00:18:25,960 --> 00:18:28,520 Speaker 1: I got Matt Jimenez you can find him on Twitter 366 00:18:28,720 --> 00:18:31,760 Speaker 1: at m j A Y Profits and I'm with Jessica Van. 367 00:18:31,800 --> 00:18:34,280 Speaker 1: You can find her at Jessica Vaughan, find find them, 368 00:18:34,280 --> 00:18:35,760 Speaker 1: follow them, tell him you heard him on the show. 369 00:18:36,200 --> 00:18:39,840 Speaker 1: But we we just finished talking about Peter Field, one 370 00:18:39,840 --> 00:18:42,560 Speaker 1: of the best investors history of tech, tech folks investor, 371 00:18:42,760 --> 00:18:44,560 Speaker 1: and he says that he was under invested in in 372 00:18:44,600 --> 00:18:49,040 Speaker 1: bitcoin because he he didn't understand he thought he thought 373 00:18:49,359 --> 00:18:51,560 Speaker 1: he didn't know that there was still a symmetric opside. 374 00:18:51,560 --> 00:18:53,120 Speaker 1: I left and so we talked about that, and now 375 00:18:53,359 --> 00:18:54,919 Speaker 1: I want to jump in talk about some of the 376 00:18:54,960 --> 00:18:58,600 Speaker 1: biggest news really in years. I think since since the 377 00:18:58,680 --> 00:19:02,480 Speaker 1: last seven years, we've seen dozens of potential bitcoin e 378 00:19:02,560 --> 00:19:06,640 Speaker 1: t f s get proposed and get denied. And this week, 379 00:19:06,800 --> 00:19:09,040 Speaker 1: for the first time in history, we saw a bitcoin 380 00:19:09,160 --> 00:19:11,639 Speaker 1: e t F come through. Now there's two types of 381 00:19:11,680 --> 00:19:13,800 Speaker 1: e t f s. Really, if we break them down, 382 00:19:13,840 --> 00:19:16,000 Speaker 1: we have a futures et F and a spot et F. 383 00:19:16,440 --> 00:19:20,040 Speaker 1: One you're just betting on the future price, whether it's 384 00:19:20,080 --> 00:19:21,520 Speaker 1: higher or lower or the other one is spot you're 385 00:19:21,520 --> 00:19:24,240 Speaker 1: actually buying it. Um this we got the futures, which 386 00:19:24,280 --> 00:19:26,879 Speaker 1: is not my personal favorite. I know, Matt, it's not 387 00:19:26,920 --> 00:19:28,720 Speaker 1: your favorite either. What what what do you see wrong 388 00:19:28,760 --> 00:19:31,480 Speaker 1: with the futures based e t F. Yeah, So with 389 00:19:31,680 --> 00:19:34,960 Speaker 1: the futures based e t F, I think it's actually 390 00:19:35,040 --> 00:19:38,840 Speaker 1: driving people away from the actual asset itself, like owning bitcoin. 391 00:19:38,960 --> 00:19:42,359 Speaker 1: So instead of actually buying bitcoin and taking out of 392 00:19:42,400 --> 00:19:45,320 Speaker 1: the supply of bitcoin, you're just buying a contract on it. 393 00:19:45,359 --> 00:19:47,800 Speaker 1: And Mark, I know you love history. What happened when 394 00:19:47,800 --> 00:19:50,159 Speaker 1: they did that with gold? What happened when they said, oh, 395 00:19:50,200 --> 00:19:51,840 Speaker 1: we'll do the gold and we'll just write you the 396 00:19:51,880 --> 00:19:54,280 Speaker 1: contracts for it. It didn't ends so well. And I 397 00:19:54,320 --> 00:19:57,400 Speaker 1: could kind of see the same exact thing play out 398 00:19:57,760 --> 00:20:01,560 Speaker 1: for bitcoin. They're gonna institutionalize it and they're going to 399 00:20:01,640 --> 00:20:03,399 Speaker 1: come up with all these different contracts and all these 400 00:20:03,400 --> 00:20:06,520 Speaker 1: different ETFs in different ways to interact with the asset 401 00:20:06,800 --> 00:20:10,200 Speaker 1: without actually owning it. So they get all the assets 402 00:20:10,240 --> 00:20:12,879 Speaker 1: on their side, but and they give you the contracts 403 00:20:13,040 --> 00:20:15,600 Speaker 1: as much as they want. This is the this is 404 00:20:15,640 --> 00:20:18,879 Speaker 1: the usual formula for economic expansion, is they have some 405 00:20:19,000 --> 00:20:22,000 Speaker 1: representative of it. You know, this is just what they do. 406 00:20:22,080 --> 00:20:24,520 Speaker 1: They did it with gold, Like I that's a big 407 00:20:25,240 --> 00:20:27,719 Speaker 1: criticism of gold, and you know the FED and how 408 00:20:27,720 --> 00:20:29,680 Speaker 1: do we even know that all the vouchers they sell 409 00:20:29,720 --> 00:20:32,080 Speaker 1: of gold like you don't. Every time you buy gold, 410 00:20:32,119 --> 00:20:34,040 Speaker 1: you're not actually if you're not getting your gold bar, 411 00:20:34,080 --> 00:20:36,439 Speaker 1: I don't know, you know what, you're actually getting some 412 00:20:36,520 --> 00:20:39,200 Speaker 1: representation of it. And then and then they dilute down 413 00:20:39,560 --> 00:20:41,159 Speaker 1: the value of what you think you have and you 414 00:20:41,200 --> 00:20:44,000 Speaker 1: don't really have it exactly. Yeah, and it messes up 415 00:20:44,040 --> 00:20:46,320 Speaker 1: the supply and demand. So if like the prices are 416 00:20:46,320 --> 00:20:49,720 Speaker 1: being driven by supply and confute, it uses the signals 417 00:20:49,800 --> 00:20:51,720 Speaker 1: for the rest of us about the value of the 418 00:20:51,760 --> 00:20:54,159 Speaker 1: asset that that that true. So it confused the signal. 419 00:20:54,200 --> 00:20:55,879 Speaker 1: But let's say that I was like an institution or 420 00:20:55,920 --> 00:20:57,840 Speaker 1: a hedge fund and I wanted to buy a million 421 00:20:57,880 --> 00:20:59,800 Speaker 1: dollars worth a bitcoin. Well, I would go buy a 422 00:20:59,800 --> 00:21:02,000 Speaker 1: million dollars with a bitcoin, which would pull that bitcoin 423 00:21:02,080 --> 00:21:05,080 Speaker 1: off of the market, which would take the supply down 424 00:21:05,160 --> 00:21:06,919 Speaker 1: and push the demand up, so the price goes up. 425 00:21:07,119 --> 00:21:09,119 Speaker 1: But now instead of buying a million dollars with the bitcoin, 426 00:21:09,200 --> 00:21:11,159 Speaker 1: I just take the million dollars and I bet on 427 00:21:11,240 --> 00:21:14,440 Speaker 1: the price of bitcoin, the future price a bitcoin. But 428 00:21:14,480 --> 00:21:16,000 Speaker 1: it has nothing to do with the supply and demand, 429 00:21:16,080 --> 00:21:18,399 Speaker 1: So it has no uh, it has nothing to do 430 00:21:18,440 --> 00:21:20,360 Speaker 1: with push you know, either pulling the supply down and 431 00:21:20,400 --> 00:21:23,360 Speaker 1: pushing the demand up, and so it's it's fake bitcoin. 432 00:21:23,400 --> 00:21:27,639 Speaker 1: They're inflating the surprise. It's just another gaming aspect of 433 00:21:27,760 --> 00:21:30,840 Speaker 1: bitcoin to ride the Bitcoin way rather than just buying 434 00:21:30,880 --> 00:21:34,960 Speaker 1: the asset. It's their way of trying to uh centralize bitcoin, 435 00:21:35,520 --> 00:21:37,840 Speaker 1: you know, and it's a decentralized assets. So they're trying 436 00:21:37,840 --> 00:21:41,520 Speaker 1: to find all these centralized answers on a decentralized solution, 437 00:21:41,520 --> 00:21:44,119 Speaker 1: and it will never work. People think it's a good idea. 438 00:21:44,200 --> 00:21:46,320 Speaker 1: People think, oh, we need this mass adoption, we need 439 00:21:46,359 --> 00:21:49,080 Speaker 1: all these institutions, we need these guys to come in 440 00:21:49,119 --> 00:21:51,720 Speaker 1: and take over, and it's gonna skyrocket bitcoin, when in 441 00:21:51,880 --> 00:21:54,359 Speaker 1: all actuality, I believe it's the opposite. Like you said, 442 00:21:54,400 --> 00:21:58,480 Speaker 1: market's taking away from the supplying demand fundamentals that cause 443 00:21:58,600 --> 00:22:01,800 Speaker 1: price to move in either direction. So now we have 444 00:22:01,840 --> 00:22:05,600 Speaker 1: these contracts that can completely bypass what price would actually 445 00:22:05,680 --> 00:22:09,920 Speaker 1: do if people were buying the actual bitcoins off the network. Yeah, 446 00:22:10,000 --> 00:22:12,800 Speaker 1: I'm not I'm not a big fan. Um it's the 447 00:22:12,880 --> 00:22:16,359 Speaker 1: second largest et F launch in history, so apparently lots 448 00:22:16,359 --> 00:22:19,120 Speaker 1: of people are fans. But we'll see what We'll see 449 00:22:19,160 --> 00:22:24,639 Speaker 1: what happens with that. UM I wanted to go ahead Jess, Well, 450 00:22:24,800 --> 00:22:27,679 Speaker 1: can you just I don't have a finance background, so 451 00:22:27,720 --> 00:22:30,159 Speaker 1: maybe this other people will be curious, like what's the 452 00:22:30,200 --> 00:22:32,800 Speaker 1: significance of Like why does bitcoin need an e t 453 00:22:32,920 --> 00:22:34,480 Speaker 1: F so much? Like why is everybody so in the 454 00:22:34,520 --> 00:22:37,640 Speaker 1: edge of their chair about it? What opportunities? Like what 455 00:22:37,640 --> 00:22:41,080 Speaker 1: what great news for asset holders of bitcoin? Is an 456 00:22:41,080 --> 00:22:44,000 Speaker 1: e t F? Well, I think what people want is 457 00:22:44,440 --> 00:22:48,280 Speaker 1: for some reason, most people think we need mass adoption. 458 00:22:48,600 --> 00:22:50,520 Speaker 1: And so I think that's right off the bat, there's 459 00:22:50,560 --> 00:22:53,440 Speaker 1: like this fundamental shift, why do we need mass adoption? 460 00:22:53,520 --> 00:22:56,440 Speaker 1: What what does even mass adoption mean to you? For example? 461 00:22:56,760 --> 00:22:59,200 Speaker 1: And so they think that if Wall Street comes in 462 00:22:59,560 --> 00:23:02,159 Speaker 1: and put in e t F, then all this money 463 00:23:02,200 --> 00:23:04,600 Speaker 1: that's sitting in these in these institutional accounts that can 464 00:23:04,640 --> 00:23:07,200 Speaker 1: only buy securities, they can only buy stocks, so per 465 00:23:07,240 --> 00:23:09,760 Speaker 1: their mandate, they're not allowed to buy bitcoin. So there's 466 00:23:09,800 --> 00:23:12,520 Speaker 1: all types of pension funds and hedge funds and um, 467 00:23:12,560 --> 00:23:15,440 Speaker 1: you know, people with Charles Schwab's accounts. They can't buy commodities, 468 00:23:15,440 --> 00:23:17,480 Speaker 1: they can't buy gold, they can't buy bitcoin, they can 469 00:23:17,520 --> 00:23:19,600 Speaker 1: only buy stocks. So if we create an e t F, 470 00:23:19,960 --> 00:23:22,640 Speaker 1: now all this money that can't get into bitcoin can 471 00:23:22,680 --> 00:23:25,560 Speaker 1: now come into bitcoin. That's what I think people are thinking. 472 00:23:25,760 --> 00:23:28,920 Speaker 1: And it shows that oh hooray wall streets here, right, 473 00:23:28,960 --> 00:23:31,520 Speaker 1: and so they think they need that. UM, I don't 474 00:23:31,560 --> 00:23:33,280 Speaker 1: agree with I think that's what they think. I don't 475 00:23:33,280 --> 00:23:36,080 Speaker 1: agree with that. UM. And And in addition, they're not 476 00:23:36,080 --> 00:23:39,920 Speaker 1: even buying bitcoin, they're just they're just and they're misallocating funds. 477 00:23:40,320 --> 00:23:43,040 Speaker 1: And these people think they're getting access to something, but 478 00:23:43,080 --> 00:23:45,240 Speaker 1: they're not. So it's kind of a it's kind of 479 00:23:45,240 --> 00:23:47,879 Speaker 1: a bait and switch in my opinion. Absolutely, I'm I 480 00:23:47,960 --> 00:23:50,399 Speaker 1: was totally against us from the beginning. I remember they 481 00:23:50,480 --> 00:23:53,520 Speaker 1: launched a futures market for ethereum or something like that. 482 00:23:53,520 --> 00:23:56,560 Speaker 1: I remember. There is one thing that I think is 483 00:23:56,640 --> 00:23:58,160 Speaker 1: kind of cool though, and so I put a little 484 00:23:58,200 --> 00:24:00,520 Speaker 1: mini tweet threat out I think yesterday before, and I 485 00:24:00,560 --> 00:24:03,760 Speaker 1: was talking about, UM, you have this like you've all 486 00:24:03,800 --> 00:24:06,040 Speaker 1: seen this like upside in this Bell curve, and it's 487 00:24:06,080 --> 00:24:09,320 Speaker 1: a diffusion of innovation and so it's like the innovators 488 00:24:09,600 --> 00:24:11,639 Speaker 1: the visionaries, and then there's like the chasm, and then 489 00:24:11,680 --> 00:24:13,760 Speaker 1: there's the early majority of the late majority, and then 490 00:24:13,840 --> 00:24:16,320 Speaker 1: the laggards and so it's like this Bell curve and 491 00:24:16,400 --> 00:24:19,160 Speaker 1: to go from the visionaries to the early majority. There's 492 00:24:19,200 --> 00:24:22,200 Speaker 1: something called the chasm, and the chasm is the hardest 493 00:24:22,240 --> 00:24:25,240 Speaker 1: piece to get over. It's typically about eighteen percent adoption. 494 00:24:25,680 --> 00:24:27,680 Speaker 1: And the reason why it's hard to get across the 495 00:24:27,760 --> 00:24:30,720 Speaker 1: chasm is because to go from a visionary to the 496 00:24:30,720 --> 00:24:34,000 Speaker 1: early majority, you have to change the entire mindset of people. 497 00:24:34,560 --> 00:24:37,240 Speaker 1: And so I believe that this e t F and 498 00:24:37,400 --> 00:24:41,840 Speaker 1: like El Salvador, fit in that chasm. Um people think, 499 00:24:41,960 --> 00:24:43,760 Speaker 1: just to kind of the question that you ask, like 500 00:24:44,119 --> 00:24:47,119 Speaker 1: if Wall Street adopts it, that changes the perception and 501 00:24:47,200 --> 00:24:49,920 Speaker 1: now it's like mainstream, and maybe just that perception is 502 00:24:50,040 --> 00:24:53,440 Speaker 1: enough to bring in the rest of the early majority. 503 00:24:53,560 --> 00:24:56,920 Speaker 1: Do you think that it's significant that people desperately want 504 00:24:56,960 --> 00:24:58,679 Speaker 1: to signal that government is not going to try to 505 00:24:58,720 --> 00:25:03,720 Speaker 1: take down bitcoin. In more mass institutional adoption, it becomes 506 00:25:03,920 --> 00:25:06,680 Speaker 1: um not to be cliche, but too big to fail 507 00:25:06,800 --> 00:25:10,960 Speaker 1: or to too valuable to confienscate, you know, because people 508 00:25:11,000 --> 00:25:13,720 Speaker 1: have these strange ideas like government can actually get to 509 00:25:13,760 --> 00:25:17,600 Speaker 1: my bitcoin, which they can't not. If I self custom you, 510 00:25:18,080 --> 00:25:23,040 Speaker 1: I I would agree that um, the chance of the 511 00:25:23,080 --> 00:25:25,840 Speaker 1: government making it illegal went way down now that the 512 00:25:25,840 --> 00:25:27,960 Speaker 1: e t F has approved I don't know if most 513 00:25:28,000 --> 00:25:30,440 Speaker 1: people think of it that way, like, oh, please get 514 00:25:30,440 --> 00:25:32,520 Speaker 1: the et F approved so the government won't make it illegal. 515 00:25:32,640 --> 00:25:35,399 Speaker 1: But I would agree that it definitely has lowered that 516 00:25:35,680 --> 00:25:41,280 Speaker 1: for sure. Then great, Yeah, then great And and that's 517 00:25:41,280 --> 00:25:44,480 Speaker 1: why And that's why I said, I think crossing that chasm. 518 00:25:44,560 --> 00:25:48,119 Speaker 1: And that's what has to change, is that that mental shift. Um, 519 00:25:48,160 --> 00:25:49,480 Speaker 1: I want to I want to switch gears, and I 520 00:25:49,520 --> 00:25:52,639 Speaker 1: want to talk about something bigger. Um. Kind of like 521 00:25:52,640 --> 00:25:54,600 Speaker 1: what we we're talking about before, about the whole Peter 522 00:25:54,720 --> 00:25:57,880 Speaker 1: Teel thing is like really understanding why like why bitcoin 523 00:25:57,960 --> 00:25:59,760 Speaker 1: and like really getting down to the heart of it. 524 00:25:59,800 --> 00:26:02,600 Speaker 1: And and as he kind of said, the difference between 525 00:26:02,920 --> 00:26:07,040 Speaker 1: you know, collectivism versus individualism. And we are at a 526 00:26:07,080 --> 00:26:09,720 Speaker 1: point in the world where we have like peak globalization 527 00:26:09,760 --> 00:26:13,080 Speaker 1: going on, like literally and the world is breaking apart. 528 00:26:13,080 --> 00:26:15,959 Speaker 1: As a matter of fact, we're in serious crisis. So 529 00:26:15,960 --> 00:26:18,080 Speaker 1: we're in We're have a massive energy crisis going on. 530 00:26:18,119 --> 00:26:19,840 Speaker 1: They're saying in Europe people could freeze to death this 531 00:26:19,920 --> 00:26:22,400 Speaker 1: year in their homes they don't have enough energy. UM. 532 00:26:22,440 --> 00:26:25,119 Speaker 1: Supply chains are backing up everywhere and in China without 533 00:26:25,160 --> 00:26:27,199 Speaker 1: enough energies there shutting down factories, which is gonna make 534 00:26:27,200 --> 00:26:31,000 Speaker 1: supply chains even worse. We have schools running out of food, 535 00:26:31,680 --> 00:26:35,240 Speaker 1: and while all this is happening, grocery stores are going empty. 536 00:26:35,280 --> 00:26:37,200 Speaker 1: We're being warned out we're gonna be empty this year. 537 00:26:37,640 --> 00:26:41,800 Speaker 1: The leaders are laughing about this and acting like it's 538 00:26:41,800 --> 00:26:44,280 Speaker 1: a big joke. And Matt, you mentioned I'm a fan 539 00:26:44,320 --> 00:26:46,719 Speaker 1: of history, and this makes me think of a story 540 00:26:46,800 --> 00:26:49,199 Speaker 1: of history, so I want to dig into that. Uh, 541 00:26:49,240 --> 00:26:52,960 Speaker 1: and then I want to talk about how, yes, bitcoin 542 00:26:53,160 --> 00:26:54,879 Speaker 1: fixes this, So we're gonna talk about that when we 543 00:26:54,880 --> 00:26:56,720 Speaker 1: get back. You are listening to the Mark Moa show. 544 00:26:56,720 --> 00:27:01,400 Speaker 1: We're talking about bitcoin, cryptocurrencies, and the d centralized revolution. 545 00:27:01,760 --> 00:27:04,560 Speaker 1: I'm on with Matt Himenez and Jessica Vaughan. Make sure 546 00:27:04,560 --> 00:27:06,840 Speaker 1: to give us a follow on social media. You can 547 00:27:06,880 --> 00:27:09,800 Speaker 1: follow Matt on Twitter at m j profits and you 548 00:27:09,840 --> 00:27:11,960 Speaker 1: can find Jessica at Jessica Vaughan. And of course I 549 00:27:12,000 --> 00:27:14,399 Speaker 1: am one Mark Moss. Give us a follow, give us 550 00:27:14,400 --> 00:27:16,399 Speaker 1: a shout out, Ask a question, We'll make sure to 551 00:27:16,440 --> 00:27:19,400 Speaker 1: answer it next time on the air, and we will 552 00:27:19,440 --> 00:27:23,280 Speaker 1: be right back to explain how bitcoin fixes this crisis. 553 00:27:23,800 --> 00:27:25,680 Speaker 1: All right, welcome back. You are listening to the Mark 554 00:27:25,760 --> 00:27:28,640 Speaker 1: Moss Show, and we are talking about bitcoin. We're talking 555 00:27:28,680 --> 00:27:34,000 Speaker 1: about cryptocurrencies and the decentralized revolution. Literally the biggest opportunity 556 00:27:34,040 --> 00:27:36,280 Speaker 1: you'll ever see in your lifetime. And I am not 557 00:27:36,480 --> 00:27:39,040 Speaker 1: overstating that. Of course, you have to have the information 558 00:27:39,040 --> 00:27:41,800 Speaker 1: that most people don't have, which is why you should 559 00:27:41,840 --> 00:27:43,679 Speaker 1: be with me each and every week. So pull up 560 00:27:43,720 --> 00:27:45,760 Speaker 1: your phone, put a reminder, make sure you're here on 561 00:27:45,760 --> 00:27:47,840 Speaker 1: this channel at this time. Follow me on Twitter at 562 00:27:47,880 --> 00:27:50,160 Speaker 1: one Mark Moss or on Instagram send me a message. 563 00:27:50,840 --> 00:27:53,320 Speaker 1: I'm joined by two of my really good friends that 564 00:27:53,359 --> 00:27:55,120 Speaker 1: I spend a lot of time talking with. I'm talking 565 00:27:55,160 --> 00:27:58,840 Speaker 1: about Matt Himenz and I am talking with Jessica Vaughan. 566 00:27:59,040 --> 00:28:01,960 Speaker 1: You can find her at Jessica Vaughan on Twitter, and 567 00:28:02,000 --> 00:28:05,000 Speaker 1: you can find Matt at m j A Y Profits 568 00:28:05,440 --> 00:28:08,440 Speaker 1: and so um we are talking about right now, we're 569 00:28:08,440 --> 00:28:11,120 Speaker 1: talking about this crisis and I don't I don't use 570 00:28:11,200 --> 00:28:15,000 Speaker 1: that word lightly. We literally have a crisis going on 571 00:28:15,280 --> 00:28:17,720 Speaker 1: all throughout the world, an energy crisis. There's not enough 572 00:28:17,800 --> 00:28:21,119 Speaker 1: energy to go around. Um through Europe, they're saying that 573 00:28:21,119 --> 00:28:22,760 Speaker 1: people could freeze to death this year because there's not 574 00:28:22,840 --> 00:28:25,639 Speaker 1: enough natural gas. With not enough natural gas, the prices 575 00:28:25,640 --> 00:28:30,040 Speaker 1: went up. The electricity companies need natural gas to create electricity, 576 00:28:30,240 --> 00:28:32,679 Speaker 1: so now their prices are and they're going out of business. 577 00:28:32,680 --> 00:28:34,600 Speaker 1: That does an electricity companies have going out of business. 578 00:28:34,760 --> 00:28:37,159 Speaker 1: They need natural gas to make fertilizer. And what's the 579 00:28:37,200 --> 00:28:40,800 Speaker 1: fertilizer used for? Oh, yeah, to make food. Oh shoot, 580 00:28:40,840 --> 00:28:43,520 Speaker 1: that's a problem. They also need natural gas to make 581 00:28:43,560 --> 00:28:46,880 Speaker 1: CEO two. What's that used for? Oh? To process uh? 582 00:28:47,040 --> 00:28:50,520 Speaker 1: Animals and process food. That's a problem. Uh. It's happening 583 00:28:50,560 --> 00:28:52,800 Speaker 1: all throughout China. They don't have enough energy. They're shutting 584 00:28:52,840 --> 00:28:55,920 Speaker 1: down their factories. Um, and we don't have enough supplies 585 00:28:55,920 --> 00:28:59,560 Speaker 1: coming from China already. And in the United States, even 586 00:29:00,480 --> 00:29:03,720 Speaker 1: in Denver, public school children are facing shortages of milk. 587 00:29:03,840 --> 00:29:08,280 Speaker 1: The headline says food shortages for per Bloomberg, food shortages 588 00:29:08,320 --> 00:29:12,880 Speaker 1: are the next supply chain crunch. In Denver, public school 589 00:29:12,920 --> 00:29:16,120 Speaker 1: children are facing shortages of milk. In Chicago, local market 590 00:29:16,160 --> 00:29:20,000 Speaker 1: is running short of canned goods and boxed items. The 591 00:29:20,000 --> 00:29:22,680 Speaker 1: supply of basic goods of US grocery stores and restaurants 592 00:29:22,760 --> 00:29:26,840 Speaker 1: is once again falling victim. It's a big problem. It's 593 00:29:26,880 --> 00:29:29,320 Speaker 1: a big problem. And while we have this going on 594 00:29:29,440 --> 00:29:32,320 Speaker 1: pictures of of grocery stores all over the place going empty. 595 00:29:32,920 --> 00:29:37,200 Speaker 1: Um at the White House, good old Jen Saki. Typically 596 00:29:37,200 --> 00:29:39,160 Speaker 1: she says she'll circle back on that answer, but this 597 00:29:39,200 --> 00:29:40,920 Speaker 1: time she gave an answer. And when she was pressed 598 00:29:40,920 --> 00:29:43,200 Speaker 1: by the media, of course they don't ask him nearest 599 00:29:43,200 --> 00:29:45,320 Speaker 1: tough questions of the previous president, but they asked her 600 00:29:45,520 --> 00:29:47,440 Speaker 1: what's going on with these supply chain problems? And she 601 00:29:47,480 --> 00:29:53,040 Speaker 1: said the tray that some that some people have to 602 00:29:53,040 --> 00:29:59,320 Speaker 1: wait longer for their treadmill to arrive. What I mean, 603 00:29:59,320 --> 00:30:03,160 Speaker 1: how about to touch of these people? Jest. Yeah, especially 604 00:30:03,200 --> 00:30:05,840 Speaker 1: because we had all this history to know, to know 605 00:30:06,040 --> 00:30:09,360 Speaker 1: and and called all these predictions ahead of time. Uh, 606 00:30:09,360 --> 00:30:11,959 Speaker 1: this is social engineering to grow the state, is what 607 00:30:12,000 --> 00:30:15,240 Speaker 1: it looks like to me, because we know cause and effect. 608 00:30:15,480 --> 00:30:19,080 Speaker 1: We've seen this repeat itself everywhere else. I think that 609 00:30:19,240 --> 00:30:23,120 Speaker 1: a they want to get people used to having um 610 00:30:23,280 --> 00:30:28,160 Speaker 1: lower expectations and much much less availability of all these products, 611 00:30:28,160 --> 00:30:30,200 Speaker 1: because that's what that's what they want if they're trying 612 00:30:30,240 --> 00:30:34,240 Speaker 1: to move us into a more socialistic type of government. 613 00:30:34,280 --> 00:30:37,000 Speaker 1: And of course they're going to keep saying you have 614 00:30:37,040 --> 00:30:39,880 Speaker 1: to scale back your expectations because they're trying to pull 615 00:30:39,960 --> 00:30:43,440 Speaker 1: us away from capitalism, um, which of course is why 616 00:30:43,480 --> 00:30:46,200 Speaker 1: we have so many choices. So they just want to 617 00:30:46,560 --> 00:30:49,840 Speaker 1: reorient everybody into the idea that there's, you know, two 618 00:30:49,960 --> 00:30:52,840 Speaker 1: kinds of canned tomatoes, there's there's two kinds of bread 619 00:30:52,880 --> 00:30:55,640 Speaker 1: to buy. Like, all this this quenching thirst to have 620 00:30:55,680 --> 00:30:59,320 Speaker 1: all this market choice is something in yesteryear. And if 621 00:30:59,400 --> 00:31:03,760 Speaker 1: you don't agree and understand why these um sacrifices have 622 00:31:03,880 --> 00:31:07,360 Speaker 1: to be made, then you don't care about you know, 623 00:31:07,400 --> 00:31:10,240 Speaker 1: your fellow man, because what we're trying to do is 624 00:31:10,320 --> 00:31:12,200 Speaker 1: make it to where we have a sustain you know, 625 00:31:12,280 --> 00:31:15,520 Speaker 1: quote sustainable, emphasis on that word all the time, a 626 00:31:15,920 --> 00:31:19,040 Speaker 1: sustainable way to live our lives. Uh. And if you 627 00:31:19,120 --> 00:31:22,719 Speaker 1: read any Markusha, he predicted all of this, and that 628 00:31:22,720 --> 00:31:26,240 Speaker 1: would have been the last time they're their takeover failed 629 00:31:26,320 --> 00:31:29,440 Speaker 1: in in the late sixties early seventies, UM. So if 630 00:31:29,440 --> 00:31:32,680 Speaker 1: you look him up that he definitely says in there 631 00:31:32,760 --> 00:31:36,360 Speaker 1: about the fact that going forward to to make communism 632 00:31:36,480 --> 00:31:41,280 Speaker 1: or socialism a realistic expectation, that consumerism expectations have to 633 00:31:41,320 --> 00:31:44,440 Speaker 1: go down. So it's interesting to see these little philosophical 634 00:31:44,480 --> 00:31:47,000 Speaker 1: tidbits come out of jen Psaki's mouth herself since she 635 00:31:47,040 --> 00:31:50,440 Speaker 1: speaks for the president. Yeah. Well, something that's crazy about 636 00:31:50,440 --> 00:31:53,520 Speaker 1: the whole supply chain getting messed up is this is 637 00:31:53,560 --> 00:31:57,600 Speaker 1: what happens when you have three of the largest international 638 00:31:57,680 --> 00:32:01,480 Speaker 1: shipping companies control about eight sent of the world's shipping. 639 00:32:01,760 --> 00:32:03,800 Speaker 1: It just goes to shows that we don't have true 640 00:32:03,960 --> 00:32:07,280 Speaker 1: capitalism because there would be more options and more competition 641 00:32:07,400 --> 00:32:11,480 Speaker 1: for shipping companies to deliver goods. This is what happens 642 00:32:11,520 --> 00:32:15,240 Speaker 1: when you only have three large companies that manage almost 643 00:32:15,280 --> 00:32:18,120 Speaker 1: a hundred percent of our shipping to the US and 644 00:32:18,160 --> 00:32:21,600 Speaker 1: all other countries as well. So back to what you 645 00:32:21,640 --> 00:32:25,480 Speaker 1: were saying, Jessica, Yes, this is totally uh socialistic regime. 646 00:32:25,720 --> 00:32:29,160 Speaker 1: And I think that a lot of millennials don't even 647 00:32:29,320 --> 00:32:34,080 Speaker 1: understand socialism and they prefer it, and it's because they 648 00:32:34,120 --> 00:32:37,440 Speaker 1: don't understand capitalism. When when they hear the word capitalism, 649 00:32:37,440 --> 00:32:39,800 Speaker 1: they think that this is capitalism, that we have it 650 00:32:39,920 --> 00:32:41,600 Speaker 1: right now, and this is why things are messed up, 651 00:32:41,800 --> 00:32:45,120 Speaker 1: and that's totally not the truth. It's we don't have capitalism. 652 00:32:45,160 --> 00:32:48,280 Speaker 1: They think capitalism leads to all this exponential growth and 653 00:32:49,000 --> 00:32:51,800 Speaker 1: money going into the pockets a few and out of 654 00:32:51,840 --> 00:32:54,400 Speaker 1: the majority, when that's totally not the case. I think 655 00:32:54,480 --> 00:32:58,360 Speaker 1: most people don't understand socialism. You know, having three companies 656 00:32:58,400 --> 00:33:02,120 Speaker 1: that manage all of the shipping, that's a step towards socialism. 657 00:33:02,200 --> 00:33:06,240 Speaker 1: That's being and Matt and then they can coordinate, and 658 00:33:06,280 --> 00:33:08,520 Speaker 1: it's just more chrony ism. So when people have all 659 00:33:08,560 --> 00:33:12,160 Speaker 1: these criticisms of capitalism, what they really are critical of 660 00:33:12,320 --> 00:33:15,000 Speaker 1: is the chrony ism aspect, which is it's a hallmark 661 00:33:15,360 --> 00:33:18,960 Speaker 1: the state cooperating with private companies. And then and then 662 00:33:19,280 --> 00:33:22,280 Speaker 1: they're the ones who get to fund the candidates that 663 00:33:22,360 --> 00:33:24,440 Speaker 1: don't regulate them, and you know in the House and 664 00:33:24,440 --> 00:33:28,040 Speaker 1: the Senate, which it's a ridiculous circle. Of course, you 665 00:33:28,120 --> 00:33:30,560 Speaker 1: see how out of control it can get. And I 666 00:33:30,680 --> 00:33:34,280 Speaker 1: have decided to start calling that the formerly free, the 667 00:33:34,360 --> 00:33:37,760 Speaker 1: formerly free world, the formerly free market, the market formerly 668 00:33:37,800 --> 00:33:40,440 Speaker 1: known as free because what do you call it? The 669 00:33:40,480 --> 00:33:42,560 Speaker 1: only thing free we have left is bitcoin. It's the 670 00:33:42,600 --> 00:33:46,480 Speaker 1: only free market that exists on earth today, is it? Yeah? 671 00:33:46,560 --> 00:33:48,960 Speaker 1: And it's so and it's so obvious to me why 672 00:33:49,440 --> 00:33:51,480 Speaker 1: it came out of of two thousand and eight when 673 00:33:51,480 --> 00:33:55,320 Speaker 1: bitcoin originated, was because of the frustration about what we 674 00:33:55,360 --> 00:33:58,200 Speaker 1: saw with the housing market and and you know, predatory 675 00:33:58,280 --> 00:34:00,760 Speaker 1: lending and that whole crisis. I would say, I mean 676 00:34:00,760 --> 00:34:03,440 Speaker 1: to me, this is uh, this is just a it's 677 00:34:03,480 --> 00:34:07,280 Speaker 1: it's it's a continuation of the centralization. And so the 678 00:34:07,400 --> 00:34:10,840 Speaker 1: more centralization that we continue to see, the more problems 679 00:34:10,840 --> 00:34:12,400 Speaker 1: that we have, the more distortions that we have in 680 00:34:12,440 --> 00:34:14,600 Speaker 1: the market. And I'd say, I've been saying that we're 681 00:34:14,719 --> 00:34:18,399 Speaker 1: approaching this peak centralization and so we're kind of at 682 00:34:18,440 --> 00:34:22,040 Speaker 1: this peak crisis mode and literally things are about to break. 683 00:34:22,080 --> 00:34:25,040 Speaker 1: I saw this is this is incredible. They said, Um, 684 00:34:25,080 --> 00:34:27,759 Speaker 1: in the US, supplies are so hard to get right now. 685 00:34:28,160 --> 00:34:32,040 Speaker 1: Farmers can't get at tire for their tractor, they can't 686 00:34:32,080 --> 00:34:34,239 Speaker 1: get any parts for their farm equipment. They said that 687 00:34:34,320 --> 00:34:37,080 Speaker 1: if they put their orders in right now, they'll be 688 00:34:37,200 --> 00:34:41,359 Speaker 1: lucky to have them before spring of three. And if 689 00:34:41,400 --> 00:34:43,359 Speaker 1: they don't get them in time of spring of twenty three, 690 00:34:43,400 --> 00:34:46,520 Speaker 1: they missed the plant, which means then we wouldn't have 691 00:34:46,560 --> 00:34:51,560 Speaker 1: food until four that's three years away. These are all 692 00:34:51,600 --> 00:34:54,520 Speaker 1: policies with cause and effect, and the desired effect that 693 00:34:54,600 --> 00:34:57,479 Speaker 1: they begin when they originate these policies is to make 694 00:34:57,520 --> 00:35:01,799 Speaker 1: people on their knees, both small businesnesses and individuals and 695 00:35:01,840 --> 00:35:05,279 Speaker 1: also farmers. Everybody involved in the supply chain, because if 696 00:35:05,320 --> 00:35:07,239 Speaker 1: you just throw enough sand in the gears of the 697 00:35:07,239 --> 00:35:10,560 Speaker 1: supply chain, there's nothing left to do except for when 698 00:35:10,560 --> 00:35:13,160 Speaker 1: they all start crying about the fact that government broke 699 00:35:13,239 --> 00:35:17,600 Speaker 1: their their their production chain and their business. Is that 700 00:35:17,760 --> 00:35:20,280 Speaker 1: now that it's more and more people that are dependent 701 00:35:20,320 --> 00:35:22,680 Speaker 1: on the government, more and more big bailouts are debt 702 00:35:22,680 --> 00:35:26,840 Speaker 1: ceiling has to raise and uh, you know, bitcoin resolves 703 00:35:26,840 --> 00:35:29,000 Speaker 1: some of this. There's a there's a quote from my 704 00:35:29,040 --> 00:35:31,000 Speaker 1: good buddy Jeff Booth. He wrote a book called The 705 00:35:31,000 --> 00:35:33,319 Speaker 1: Price of Tomorrow. Great book. He said that if you 706 00:35:33,440 --> 00:35:36,560 Speaker 1: have abundance in money, so we've we've been printing an 707 00:35:36,600 --> 00:35:38,279 Speaker 1: unlimited amount of money. We want to go into m MT, 708 00:35:38,400 --> 00:35:39,960 Speaker 1: just print money. If you have an abundance of money, 709 00:35:39,960 --> 00:35:43,680 Speaker 1: you have scarcity everywhere else, like food, supply chain's energy. 710 00:35:43,960 --> 00:35:46,360 Speaker 1: But if you have scarcity and money like bitcoin with 711 00:35:46,400 --> 00:35:50,360 Speaker 1: fixed supply cap, you'll have abundance everywhere else. Give me 712 00:35:50,400 --> 00:35:53,000 Speaker 1: a twenty seconds on that, Matt, How's bitcoin fixed that? 713 00:35:53,840 --> 00:35:56,560 Speaker 1: I think bitcoin would fix that by being able to 714 00:35:57,480 --> 00:36:03,880 Speaker 1: absorb and hold people's money, by allowing them to maintain 715 00:36:03,880 --> 00:36:06,400 Speaker 1: their purchasing power and allow the goods to flow in 716 00:36:06,400 --> 00:36:08,400 Speaker 1: so they could afford this right now, what we have 717 00:36:08,560 --> 00:36:11,680 Speaker 1: is feed occurrencies that's being devalued, and they're not able 718 00:36:11,719 --> 00:36:14,440 Speaker 1: to purchase these things that are rising, and they're blaming 719 00:36:14,480 --> 00:36:17,120 Speaker 1: everything like a pandemic and all these other things that 720 00:36:17,360 --> 00:36:19,120 Speaker 1: are saying, oh, this is why prices are up. This 721 00:36:19,160 --> 00:36:21,600 Speaker 1: is why prices up. Prices are up so simply because 722 00:36:21,640 --> 00:36:25,480 Speaker 1: of m MT. It's just the money priner. Yeah, yep. 723 00:36:25,640 --> 00:36:28,360 Speaker 1: So we have abundance and money, an unlimited amount of 724 00:36:28,360 --> 00:36:31,360 Speaker 1: supply of money, and we have scarcity everywhere else because 725 00:36:31,560 --> 00:36:34,200 Speaker 1: everything is scarce. At the end of the day, economics 726 00:36:34,239 --> 00:36:36,520 Speaker 1: is based based off of our time, which is scarce 727 00:36:37,160 --> 00:36:39,200 Speaker 1: and we can't and everything is scarce we have we 728 00:36:39,200 --> 00:36:41,239 Speaker 1: have limited finite resources, and so when we have an 729 00:36:41,320 --> 00:36:45,000 Speaker 1: unlimited amount of money, then scarcity and products and goods 730 00:36:45,000 --> 00:36:48,560 Speaker 1: and services happens. To fix it, we need to fix 731 00:36:48,600 --> 00:36:51,760 Speaker 1: money supply with bitcoin, scarcity and money twenty one million, 732 00:36:52,400 --> 00:36:55,000 Speaker 1: then we'll have abundance everywhere else. You listen to the 733 00:36:55,040 --> 00:36:57,839 Speaker 1: Markmas Show, I'm with my good friends Mattimenez and Jessica Van. 734 00:36:57,920 --> 00:37:00,839 Speaker 1: You can find them on Twitter at Jessica Van and uh. 735 00:37:01,040 --> 00:37:03,719 Speaker 1: You can find Matt at m J Profits of course, 736 00:37:03,760 --> 00:37:05,680 Speaker 1: I'll Matt One, Mark Moss. That's it for the Mark 737 00:37:05,719 --> 00:37:06,839 Speaker 1: mass Show. I'll see you next week.