Speaker 1: Hey, everyone, welcome to another episode of The Mark Moss Show,
Speaker 1: where we are bringing to you the latest information on Bitcoin,
Speaker 1: on cryptocurrencies, and the decentralized revolution. Now, each and every
Speaker 1: week I join you and I tell you that this
Speaker 1: is literally the biggest opportunity that you'll ever see in
Speaker 1: your life. Not just your life. I'm talking about multiple
Speaker 1: generations of lifetime. It's the largest wealth transfer will ever
Speaker 1: see in history. Now, it's something that I say every week,
Speaker 1: and so if you've been tuning each and every week,
Speaker 1: then you've heard this before. And if you haven't been
Speaker 1: tuning each and every week, then pull out your phone
Speaker 1: right now, put a calendar reminder on for this channel,
Speaker 1: this station at this time, and make sure you come
Speaker 1: back with me every week, because I am trying to
Speaker 1: bring to you something known as asymmetric information. Now, this
Speaker 1: is the largest asymmetric return we'll ever see in our lifetime,
Speaker 1: which means we have way more upside than we have downside.
Speaker 1: And the way that you participate in asymmetric information or
Speaker 1: take advantage of it, I'm sorry, asymmetric upside is by
Speaker 1: having asymmetric information, you have to know something that most
Speaker 1: people don't know, which is what I'm trying to bring
Speaker 1: to each and every week. Now for this section, I'm
Speaker 1: joined by two of my really good friends. I got
Speaker 1: Matt him and his and I have Jessica Vaughan in
Speaker 1: on the group right now. So thanks so much for
Speaker 1: joining me, guys, well, thank you for having us more. Yeah,
Speaker 1: you know, uh, we've we've all spent quite a bit
Speaker 1: of time sitting around, uh talking about these kinds of subjects.
Speaker 1: So I love just to kind of get in and
Speaker 1: uh and talk about him. So I want to talk
Speaker 1: about a couple of things specifically, I want to start
Speaker 1: with what I said, right, and asymmetric upside comes from
Speaker 1: a symmetric information. By the way, if you're pulling out
Speaker 1: your phone and you are um putting a kind of
Speaker 1: reminder on for the show, make sure to follow the
Speaker 1: lovely Jessica Vaughan on Twitter at Jessica Vaughan. And you
Speaker 1: can follow Matt at m j A Y profits m
Speaker 1: j A Y Prophets. And of course I'm one Mark
Speaker 1: moss Um. But you know, there's this article that came
Speaker 1: out and it was on Bloomberg and it was talking
Speaker 1: about Peter Deal. Now, Peter Deal is uh probably the
Speaker 1: most well known billionaire venture capitalist, tech investor in the world,
Speaker 1: and he was at this meeting on Wednesday and he said,
Speaker 1: he said, uh, he's he's famous for being early into bitcoin,
Speaker 1: and he said, I'm under invested in bitcoin. And then
Speaker 1: he said, um, my hesitation about investing was that I thought, quote,
Speaker 1: the secret was already known by everybody, adding maybe it's
Speaker 1: still enough of a secret. So he's basically saying the
Speaker 1: same thing, right. He he he thought everybody knew there
Speaker 1: was no asymmetric information, but he's basically saying, no, it's not.
Speaker 1: Maybe maybe maybe it's still enough of a secret, and
Speaker 1: so there's still asymmetric information. Most people don't know. Is that?
Speaker 1: Is that the experience you guys have seen. To me,
Speaker 1: that's been more than the experience. I feel like everybody
Speaker 1: is so skeptical, skeptical about getting instocriptos because they think
Speaker 1: it's so late, because they look at the price, but
Speaker 1: they don't really like zoom out and see what it's
Speaker 1: actually solving and where it's being implemented in causing seamless
Speaker 1: transactions and opportunity and inclusiveness for the rest of the
Speaker 1: world into the financial system. I think that people think
Speaker 1: it's too late, but they're just looking at the price
Speaker 1: rather than the fundamentals. Also, half the educators UM that
Speaker 1: are telling people about the broken monetary system are pushing
Speaker 1: them towards precious metals, which is obviously safe, but it's
Speaker 1: not going to give them UM the opportunity to make
Speaker 1: the huge gains that we are in bitcoin. So that's
Speaker 1: one thing that's happening UM. And then of course the
Speaker 1: unit bias. Like one of my friends wrote me this
Speaker 1: morning that I've been urging for a year to buy
Speaker 1: bitcoin UM and he was like, well, ETHEREUMS, I can
Speaker 1: best blah blah blah, all the stuff about you know,
Speaker 1: the potentiality of the games that you can have there,
Speaker 1: and it's just unit bias at work. So UM. I
Speaker 1: think those are the two biggest things as far as
Speaker 1: why UM bitcoin and and bitcoin is not as intuitive
Speaker 1: as UM it is for us that have to UM
Speaker 1: UM think about bitcoin as often as we do because
Speaker 1: of of UM what we do as far as speaking
Speaker 1: with the public UM, and so maybe we just need
Speaker 1: to spend more time going back and talking about unit
Speaker 1: bias and and and what the value of a cetoceans
Speaker 1: don't you want an asset with a higher value potential
Speaker 1: to own less of it, that that's still better than
Speaker 1: owning a secondary type of asset that doesn't have that potential. Yeah,
Speaker 1: I mean that's that's that's definitely a great point. I think.
Speaker 1: I think, you know, there's there's two sides of it.
Speaker 1: So one, he said, it's still enough of a secret.
Speaker 1: So he thought more people kind of knew about it,
Speaker 1: and so he was shocked that not as many people
Speaker 1: know about it. I know, like I have been saying
Speaker 1: on this show, this, this, this, this last couple episodes,
Speaker 1: like if you went to the mall um and you
Speaker 1: asked a hundred people if they own bitcoin, Like what
Speaker 1: do you think the percentage of people would actually even
Speaker 1: know what you're talking about? I'd say a lot of
Speaker 1: people actually know the name, but have no idea about it,
Speaker 1: because like when I do bring it up, you know,
Speaker 1: to random people are just friends that aren't into financial markets,
Speaker 1: they look at me like, oh, yeah, I've heard of it?
Speaker 1: What is that? That that Internet money or that Ponzi scheme?
Speaker 1: They still don't have a grasp on actually what it
Speaker 1: is and what it's solving. So people are still skeptical.
Speaker 1: And back to what he was saying like, if he
Speaker 1: thinks it's late, waiting is only gonna make it later.
Speaker 1: And you can't judge it on price thinking that it's
Speaker 1: too late because the problems it's solving its quadruple the
Speaker 1: price of what it would be once those problems are solved,
Speaker 1: you know. Well, and for me, I always push bitcoin
Speaker 1: as um a philosophical dive into how to protect individual
Speaker 1: freedoms as they're becoming more and more attacked these days. Uh.
Speaker 1: And so I go philosophically with bitcoin, not just you know,
Speaker 1: number go up. Number go up is great. It signals
Speaker 1: all this confidence and it lets me know that um,
Speaker 1: it's it's getting more and more adoption. Um. But but
Speaker 1: sure people are gonna feel like if you go just
Speaker 1: off of monetary value alone, of course, people are gonna
Speaker 1: feel like they missed a boat because it's so expensive.
Speaker 1: I was happy to buy it high because I wanted
Speaker 1: to join a financial revolution to give people their sovereignty back. Mmm.
Speaker 1: I love I love that part, Jess, And I think
Speaker 1: that's that's actually a really key point. Let's dig into
Speaker 1: that for a minute, because I think to the point
Speaker 1: you just made there was like philosophically and my whole
Speaker 1: message has always been like why why bitcoin? And so
Speaker 1: if you're just focusing on the price, oh, it's too high,
Speaker 1: But if you don't understand why, like what's the driver
Speaker 1: behind that? Right? So he went on to say, and
Speaker 1: let me go back and read him. He says, cryptocurrencies
Speaker 1: rise was a rebuke of the world's financial system. So
Speaker 1: the financial system is in such disarray, printing trillions of dollars,
Speaker 1: and bitcoin is rebuking that. And then you wanted to say,
Speaker 1: it surely tells us that we're at a complete bankruptcy
Speaker 1: moment for central banks. And so, uh, philosophically, I mean,
Speaker 1: I guess that's a little bit more fundamentally on the
Speaker 1: banking system. But um, it's like that's why bitcoin, like
Speaker 1: the price of bitcoin exponentially because the dollar could basically
Speaker 1: fall to zero. What do you what do you think
Speaker 1: about bitcoin while all of cryptocurrency? What do you think
Speaker 1: about cryptocurrency? Um hiding the true number of inflation because
Speaker 1: it's taking US dollars out of um, you know, measurable variants. Yeah,
Speaker 1: like out of indicators like like the consumer price index
Speaker 1: or something like that. Well, you know, the more you
Speaker 1: dilute the supply of money. We've of course been you know,
Speaker 1: with our stimulus checks, when we bought bitcoin, this type
Speaker 1: of thing. Um. But we're pulling it out of assets
Speaker 1: in into traditional finance and putting it into crypto. So
Speaker 1: that's interesting when you think about a lot of the
Speaker 1: money being a lot of the extraneous money that's been
Speaker 1: printed in the last two years that's caused the inflation.
Speaker 1: I mean, the inflation is a desired effect. I mean,
Speaker 1: they wouldn't have done these policies. They understand. It's not
Speaker 1: like they don't understand what printing money historically, does they know? Yeah,
Speaker 1: it seems intentional to me. Yeah, yeah, he said. He
Speaker 1: said it tells us that we're to complete bankruptcy moment,
Speaker 1: which I thought was interesting because I would look at
Speaker 1: and go, we'll shoot in nineteen seventy one when we
Speaker 1: defaulted on our on our debts and we severed the
Speaker 1: gold standard. That was when we when we when we
Speaker 1: went bankrupt. Um. But I think I think that pieces
Speaker 1: is important. Um. And then back to kind of just
Speaker 1: what you're saying about the philosophy side. The philosophical side,
Speaker 1: he said that crypto was libertarian because it's a force
Speaker 1: for decentralization, and that by extension AI, especially sort of
Speaker 1: low tech surveillance form is essentially communist because it's a
Speaker 1: force for centralization. So much truth. Yeah, like like what
Speaker 1: like what what do you what do you see there?
Speaker 1: I mean and I think, I think really like that's
Speaker 1: the bigger piece, right, So it's like, okay, number go up, cool, whatever, Okay,
Speaker 1: I guess you know, the financial recepts cracking apart, whatever,
Speaker 1: But there's something like way bigger going on here. We're
Speaker 1: talking about philosophically, we're talking about like the way the
Speaker 1: world works and the way that we interact. Um, we're
Speaker 1: gonna have to take a break here, but when I
Speaker 1: come back, I want to Jess. We'll lead with her.
Speaker 1: We'll talk about that philosophically, kind of the difference between
Speaker 1: the centralization, the decentralization, the libertarian versus the communist, the
Speaker 1: differences of technology. And what's interesting is just how technology
Speaker 1: can really foster or build the found dation to have
Speaker 1: those philosophical differences. Uh. And again we're bringing you the
Speaker 1: information you need to know to have this asymmetric information
Speaker 1: to take advantage of the asymmetric upside that's available. Don't
Speaker 1: be like Peter Deal, don't be under invested because you
Speaker 1: don't have the right information. If someone like him can
Speaker 1: have the wrong information, you can too. Of course, you
Speaker 1: listen to the Mark mos Show A Mom with Matt
Speaker 1: him Andez and Jessica Van. We're here each end. Every week.
Speaker 1: We're gonna be right back talking about bitcoin the foundations
Speaker 1: of the philosophy. So we'll be right back. Hey everyone,
Speaker 1: welcome back to the Mark Moa Show where we're talking
Speaker 1: about bitcoin, cryptocurrencies, the decentralized revolution. Literally, I am bringing
Speaker 1: you the information that most people don't know, the asymmetric information,
Speaker 1: so you have the asymmetric upside. We're talking about before
Speaker 1: the break, talking about Peter Thiel, one of the best
Speaker 1: well known venture capital investors tech investors at a Silicon
Speaker 1: valley and he was talking about how he says he
Speaker 1: was under invested into bitcoin because he thought, um, the
Speaker 1: secret was already known by everybody, but actually it wasn't
Speaker 1: a known enough And then he went on to say
Speaker 1: the reasons why, and this is what's important. I think
Speaker 1: the why not the number go up. But he said
Speaker 1: that crypto is libertarian because it's a force for decentralization
Speaker 1: and by that extension AI is especially low tech low
Speaker 1: tech surveillance form is essentially communist because it's a force
Speaker 1: for centralization. Those are on opposite end of the spectrum,
Speaker 1: two different sides of tech. What do you think about that,
Speaker 1: jess um Well, I I make this argument a lot
Speaker 1: that people people's criticism of bitcoin, they'll be really concerned
Speaker 1: that it's to push us towards a cashalist society. And
Speaker 1: what I have to say is that they're working on
Speaker 1: a fed coin anyway, we're working towards a cassualist society.
Speaker 1: I'm very pro cash because I like the privacy that
Speaker 1: it offers, but because they're doing it, because that's the
Speaker 1: intent that they're enacting. Now you know they can go
Speaker 1: the whole COVID make is exchanging money is very dirty,
Speaker 1: it's you know cash, Their people hide their wealth through
Speaker 1: cash and and all these sayings. Of course, you know
Speaker 1: the bank accounts with the activity of six hundred dollars.
Speaker 1: You know that they think that now they should be
Speaker 1: able to have access to that without a warrant, which
Speaker 1: I don't agree with. Bitcoin is an opportunity to have
Speaker 1: a stable, uh solid money monetary system that's an alternative
Speaker 1: to the centralized finance system. Um that government is offering.
Speaker 1: So it's it's such an opportunity to retain your freedom
Speaker 1: that they're coming to collect from you, and um, that's
Speaker 1: why it's very libertarian in my idea. Yeah, I agree.
Speaker 1: I mean, I think the more push that they give
Speaker 1: on this will give more of a highlight to bitcoin.
Speaker 1: It'll show here in America because we're so privileged that
Speaker 1: we actually need this. You know, they're they're stepping a
Speaker 1: little bit too far into our bank accounts, too far
Speaker 1: into our information, and I think that's gonna give people
Speaker 1: a push and urge to be like, Okay, wait, this
Speaker 1: doesn't seem right. Because my generation grows up with this, say,
Speaker 1: as the norm, and now when it steps out of
Speaker 1: the norm and it's a little bit more pressed upon them,
Speaker 1: I think they're gonna look for alternatives, and the only
Speaker 1: feasible or reasonable option would be Bitcoin. I mean, they
Speaker 1: could see the glamorous all coins, but what's been around
Speaker 1: the longest, what shows the best track. It's Bitcoin. Yeah.
Speaker 1: What what I think of is like, I know, you
Speaker 1: know I've said you guys have probably heard me say
Speaker 1: many times. I don't I don't like these labels, right,
Speaker 1: I don't like socialism and fascism and communism and capitalism
Speaker 1: and all those different things. And I think the definitions
Speaker 1: get too messed up. And so um, fascism is right
Speaker 1: supposedly and socialism is left. And I don't know what
Speaker 1: I like to do. Is I like to look at
Speaker 1: we have individualism on one side and collectivism on the other,
Speaker 1: And so I would put fascism and socialism both on
Speaker 1: the collectivism side. And so when I think about that
Speaker 1: quote what he said there, um individualism versus collectivism. UM,
Speaker 1: Crypto is decentralized, right. We can each custody our own
Speaker 1: cut assets, right, we control it. It's not centralized, nobody
Speaker 1: collectively controlled it. It's decentralized, individually controlled um. And so
Speaker 1: I think of that individualism and then the opposite being
Speaker 1: that AI tech, the centralized AI tech, especially the Survellans
Speaker 1: form is controlled centrally, right. So it's like on Facebook,
Speaker 1: so the Facebook servers essentially controlled. That's that's collective, is um.
Speaker 1: And of course then that's shared and manipulated by the
Speaker 1: governments and things like that. So I guess that's kind
Speaker 1: of what I was thinking philosophy wise. I think his
Speaker 1: disclosure that he was under invested in bitcoin was more
Speaker 1: just um an exclamation about his confidence in bitcoin. I
Speaker 1: wouldn't think that he's you know, because we all feel
Speaker 1: that way. Once you understand bitcoin, You're like, oh, do
Speaker 1: I liquidate my house to have this asthlete? You know,
Speaker 1: like they call it so volatile, but I mean a
Speaker 1: deflationary currency can do nothing but go up anyways, people
Speaker 1: lose their keys, and um, there's just no way bitcoin
Speaker 1: can do anything except increase in value. So why would
Speaker 1: we not want it? Yeah? Well, the thing the thing
Speaker 1: with what he said was every time, every time you
Speaker 1: get into a good investment and it goes up in value,
Speaker 1: you're you're like, you feel like you're underinvested. But if
Speaker 1: you if you invest in something and it goes down, um,
Speaker 1: then you wish you didn't invest so much. I mean
Speaker 1: a real good example earlier this year, I got into
Speaker 1: this early round company that they make it's like a
Speaker 1: meal bay, a plant based like meal delivery service. And
Speaker 1: I got in on the first round venture round. And
Speaker 1: my friend that I went on to deal with, he
Speaker 1: put in like six dollars. I put in much less
Speaker 1: than that, um, and I think we got in like
Speaker 1: thirty cents, and within like a month or two it's
Speaker 1: shot up to like two bucks, and I was like,
Speaker 1: oh my gosh, like why didn't I put that same
Speaker 1: amount of money and that he did, Like I can't
Speaker 1: believe it, right, Like I could have crushed it on
Speaker 1: that and like now it's all the way down to
Speaker 1: like thirty cents, and I'm like, dang, I'm so glad
Speaker 1: I didn't put how much money and as he did. Right.
Speaker 1: Isn't it funny how we uh say things for the
Speaker 1: convenience of our own psyche, Like, for instance, bitcoin, if
Speaker 1: it goes up exponentially, you're like, damg, I didn't invest enough.
Speaker 1: But if it went down, you're like, oh, I knew,
Speaker 1: I knew a good thing. I didn't invest that much.
Speaker 1: And we always give the narrative to like justify what
Speaker 1: we did, and that applies to everything actually, So yeah,
Speaker 1: so I think I think that's important. The other thing
Speaker 1: that I would say is just just zoom out and
Speaker 1: let's not be so so caught up on that short
Speaker 1: term price. UM. I love that UM people want bitcoin,
Speaker 1: these um institutional investors, they are going to buy bitcoin
Speaker 1: and give it this uh, this stable backbone and signal
Speaker 1: all this confidence to the rest of us. UM. But
Speaker 1: really what they're doing is backing of freedom technology and
Speaker 1: they don't even care they're doing that because they just
Speaker 1: care about their gains financially. But I love that that
Speaker 1: it's just it's their backing liberation and they don't even
Speaker 1: really know they're doing that and they don't care. I mean,
Speaker 1: how great is that? Yeah? That that is great? Like
Speaker 1: like all these people that jumped in this e t
Speaker 1: F right, like all these like institutions, funds whatever buying
Speaker 1: in uh, and they don't realize that they're helping to
Speaker 1: support the network. To your point, like how exciting. Yeah,
Speaker 1: even even even when bitcoin has so many upsides, it
Speaker 1: can't do anything. But when of course that means that
Speaker 1: I've underinvested as the rest of everybody because it's such
Speaker 1: a it's such a solid situation. Yeah. And and to
Speaker 1: to that point, Jess, I think, what that's that's the
Speaker 1: whole piece, right, So like just trying to understand that,
Speaker 1: Like even I think I saw a story came out.
Speaker 1: I think it was a fake news story, but it
Speaker 1: said that Russia was adding bitcoin to their reserves and
Speaker 1: it started to kind of bounce it around. Even Max
Speaker 1: guys shared it, and so like even um Russia, who's
Speaker 1: you know, typically worth been taught to think of Russia
Speaker 1: being bad, but by them buying bitcoin kind of to
Speaker 1: the point you're making, jess um, that's actually helping secure
Speaker 1: the network for a freedom nothing but good news didn't
Speaker 1: In that article they said something about putting bitcoin on
Speaker 1: the federal reserves balance sheet as a reserve asset or
Speaker 1: something like that. I saw that in the article and
Speaker 1: bloombird somewhere. Yeah, so even even the government's, even the
Speaker 1: most totalitarian regime that wants to get involved with bitcoin
Speaker 1: is only working to support it. Now I want to
Speaker 1: switch gears. I want to talk about some other stories.
Speaker 1: There's some really really really big problems in the world today,
Speaker 1: and we have some serious literally like literally crisis is happening.
Speaker 1: And I don't want to um, I don't want to
Speaker 1: sound hyperbole, but I'm seriously this this is a serious
Speaker 1: crisis happening, and I think the leaders are so out
Speaker 1: of touch with this, and of course, like everything, bitcoin
Speaker 1: fixes this, and if you understand how big of a
Speaker 1: problem this is and how bitcoin can fix it, I
Speaker 1: think this is the information you need now. I'm joined
Speaker 1: with Matt Himanez and uh the lovely Jessica Vaughan. You
Speaker 1: can find Matt on Twitter at m j A Y
Speaker 1: Profits and Jessica Vaughan at Jessica Vaughan. And of course
Speaker 1: I am one Mark Moss. Give us a follows, shoot
Speaker 1: us a question to say you heard us on the radio.
Speaker 1: We'd love to hear from you. I'll answer your questions
Speaker 1: on the show next week when we get back, we're
Speaker 1: going to talk about the crisis that's happening and how
Speaker 1: bitcoin fixes this. Stay tuned. Hey everyone, welcome back to
Speaker 1: the Mark Moss Show. We are talking about Bitcoin, cryptocurrencies
Speaker 1: in the decentralized revolution. Um here with you each and
Speaker 1: every week, bringing you the information that you need to
Speaker 1: take advantage of the greatest wealth transfer that we have
Speaker 1: ever seen. Don't miss the show's pull atrophone. Put a
Speaker 1: reminder on right now for this station this time to
Speaker 1: be back each and every time. Follow me on Twitter
Speaker 1: at one Mark Moss on Instagram, shoot me a message.
Speaker 1: I'm joined by two of my really really good friends. Here.
Speaker 1: I got Matt Jimenez you can find him on Twitter
Speaker 1: at m j A Y Profits and I'm with Jessica Van.
Speaker 1: You can find her at Jessica Vaughan, find find them,
Speaker 1: follow them, tell him you heard him on the show.
Speaker 1: But we we just finished talking about Peter Field, one
Speaker 1: of the best investors history of tech, tech folks investor,
Speaker 1: and he says that he was under invested in in
Speaker 1: bitcoin because he he didn't understand he thought he thought
Speaker 1: he didn't know that there was still a symmetric opside.
Speaker 1: I left and so we talked about that, and now
Speaker 1: I want to jump in talk about some of the
Speaker 1: biggest news really in years. I think since since the
Speaker 1: last seven years, we've seen dozens of potential bitcoin e
Speaker 1: t f s get proposed and get denied. And this week,
Speaker 1: for the first time in history, we saw a bitcoin
Speaker 1: e t F come through. Now there's two types of
Speaker 1: e t f s. Really, if we break them down,
Speaker 1: we have a futures et F and a spot et F.
Speaker 1: One you're just betting on the future price, whether it's
Speaker 1: higher or lower or the other one is spot you're
Speaker 1: actually buying it. Um this we got the futures, which
Speaker 1: is not my personal favorite. I know, Matt, it's not
Speaker 1: your favorite either. What what what do you see wrong
Speaker 1: with the futures based e t F. Yeah, So with
Speaker 1: the futures based e t F, I think it's actually
Speaker 1: driving people away from the actual asset itself, like owning bitcoin.
Speaker 1: So instead of actually buying bitcoin and taking out of
Speaker 1: the supply of bitcoin, you're just buying a contract on it.
Speaker 1: And Mark, I know you love history. What happened when
Speaker 1: they did that with gold? What happened when they said, oh,
Speaker 1: we'll do the gold and we'll just write you the
Speaker 1: contracts for it. It didn't ends so well. And I
Speaker 1: could kind of see the same exact thing play out
Speaker 1: for bitcoin. They're gonna institutionalize it and they're going to
Speaker 1: come up with all these different contracts and all these
Speaker 1: different ETFs in different ways to interact with the asset
Speaker 1: without actually owning it. So they get all the assets
Speaker 1: on their side, but and they give you the contracts
Speaker 1: as much as they want. This is the this is
Speaker 1: the usual formula for economic expansion, is they have some
Speaker 1: representative of it. You know, this is just what they do.
Speaker 1: They did it with gold, Like I that's a big
Speaker 1: criticism of gold, and you know the FED and how
Speaker 1: do we even know that all the vouchers they sell
Speaker 1: of gold like you don't. Every time you buy gold,
Speaker 1: you're not actually if you're not getting your gold bar,
Speaker 1: I don't know, you know what, you're actually getting some
Speaker 1: representation of it. And then and then they dilute down
Speaker 1: the value of what you think you have and you
Speaker 1: don't really have it exactly. Yeah, and it messes up
Speaker 1: the supply and demand. So if like the prices are
Speaker 1: being driven by supply and confute, it uses the signals
Speaker 1: for the rest of us about the value of the
Speaker 1: asset that that that true. So it confused the signal.
Speaker 1: But let's say that I was like an institution or
Speaker 1: a hedge fund and I wanted to buy a million
Speaker 1: dollars worth a bitcoin. Well, I would go buy a
Speaker 1: million dollars with a bitcoin, which would pull that bitcoin
Speaker 1: off of the market, which would take the supply down
Speaker 1: and push the demand up, so the price goes up.
Speaker 1: But now instead of buying a million dollars with the bitcoin,
Speaker 1: I just take the million dollars and I bet on
Speaker 1: the price of bitcoin, the future price a bitcoin. But
Speaker 1: it has nothing to do with the supply and demand,
Speaker 1: So it has no uh, it has nothing to do
Speaker 1: with push you know, either pulling the supply down and
Speaker 1: pushing the demand up, and so it's it's fake bitcoin.
Speaker 1: They're inflating the surprise. It's just another gaming aspect of
Speaker 1: bitcoin to ride the Bitcoin way rather than just buying
Speaker 1: the asset. It's their way of trying to uh centralize bitcoin,
Speaker 1: you know, and it's a decentralized assets. So they're trying
Speaker 1: to find all these centralized answers on a decentralized solution,
Speaker 1: and it will never work. People think it's a good idea.
Speaker 1: People think, oh, we need this mass adoption, we need
Speaker 1: all these institutions, we need these guys to come in
Speaker 1: and take over, and it's gonna skyrocket bitcoin, when in
Speaker 1: all actuality, I believe it's the opposite. Like you said,
Speaker 1: market's taking away from the supplying demand fundamentals that cause
Speaker 1: price to move in either direction. So now we have
Speaker 1: these contracts that can completely bypass what price would actually
Speaker 1: do if people were buying the actual bitcoins off the network. Yeah,
Speaker 1: I'm not I'm not a big fan. Um it's the
Speaker 1: second largest et F launch in history, so apparently lots
Speaker 1: of people are fans. But we'll see what We'll see
Speaker 1: what happens with that. UM I wanted to go ahead Jess, Well,
Speaker 1: can you just I don't have a finance background, so
Speaker 1: maybe this other people will be curious, like what's the
Speaker 1: significance of Like why does bitcoin need an e t
Speaker 1: F so much? Like why is everybody so in the
Speaker 1: edge of their chair about it? What opportunities? Like what
Speaker 1: what great news for asset holders of bitcoin? Is an
Speaker 1: e t F? Well, I think what people want is
Speaker 1: for some reason, most people think we need mass adoption.
Speaker 1: And so I think that's right off the bat, there's
Speaker 1: like this fundamental shift, why do we need mass adoption?
Speaker 1: What what does even mass adoption mean to you? For example?
Speaker 1: And so they think that if Wall Street comes in
Speaker 1: and put in e t F, then all this money
Speaker 1: that's sitting in these in these institutional accounts that can
Speaker 1: only buy securities, they can only buy stocks, so per
Speaker 1: their mandate, they're not allowed to buy bitcoin. So there's
Speaker 1: all types of pension funds and hedge funds and um,
Speaker 1: you know, people with Charles Schwab's accounts. They can't buy commodities,
Speaker 1: they can't buy gold, they can't buy bitcoin, they can
Speaker 1: only buy stocks. So if we create an e t F,
Speaker 1: now all this money that can't get into bitcoin can
Speaker 1: now come into bitcoin. That's what I think people are thinking.
Speaker 1: And it shows that oh hooray wall streets here, right,
Speaker 1: and so they think they need that. UM, I don't
Speaker 1: agree with I think that's what they think. I don't
Speaker 1: agree with that. UM. And And in addition, they're not
Speaker 1: even buying bitcoin, they're just they're just and they're misallocating funds.
Speaker 1: And these people think they're getting access to something, but
Speaker 1: they're not. So it's kind of a it's kind of
Speaker 1: a bait and switch in my opinion. Absolutely, I'm I
Speaker 1: was totally against us from the beginning. I remember they
Speaker 1: launched a futures market for ethereum or something like that.
Speaker 1: I remember. There is one thing that I think is
Speaker 1: kind of cool though, and so I put a little
Speaker 1: mini tweet threat out I think yesterday before, and I
Speaker 1: was talking about, UM, you have this like you've all
Speaker 1: seen this like upside in this Bell curve, and it's
Speaker 1: a diffusion of innovation and so it's like the innovators
Speaker 1: the visionaries, and then there's like the chasm, and then
Speaker 1: there's the early majority of the late majority, and then
Speaker 1: the laggards and so it's like this Bell curve and
Speaker 1: to go from the visionaries to the early majority. There's
Speaker 1: something called the chasm, and the chasm is the hardest
Speaker 1: piece to get over. It's typically about eighteen percent adoption.
Speaker 1: And the reason why it's hard to get across the
Speaker 1: chasm is because to go from a visionary to the
Speaker 1: early majority, you have to change the entire mindset of people.
Speaker 1: And so I believe that this e t F and
Speaker 1: like El Salvador, fit in that chasm. Um people think,
Speaker 1: just to kind of the question that you ask, like
Speaker 1: if Wall Street adopts it, that changes the perception and
Speaker 1: now it's like mainstream, and maybe just that perception is
Speaker 1: enough to bring in the rest of the early majority.
Speaker 1: Do you think that it's significant that people desperately want
Speaker 1: to signal that government is not going to try to
Speaker 1: take down bitcoin. In more mass institutional adoption, it becomes
Speaker 1: um not to be cliche, but too big to fail
Speaker 1: or to too valuable to confienscate, you know, because people
Speaker 1: have these strange ideas like government can actually get to
Speaker 1: my bitcoin, which they can't not. If I self custom you,
Speaker 1: I I would agree that um, the chance of the
Speaker 1: government making it illegal went way down now that the
Speaker 1: e t F has approved I don't know if most
Speaker 1: people think of it that way, like, oh, please get
Speaker 1: the et F approved so the government won't make it illegal.
Speaker 1: But I would agree that it definitely has lowered that
Speaker 1: for sure. Then great, Yeah, then great And and that's
Speaker 1: why And that's why I said, I think crossing that chasm.
Speaker 1: And that's what has to change, is that that mental shift. Um,
Speaker 1: I want to I want to switch gears, and I
Speaker 1: want to talk about something bigger. Um. Kind of like
Speaker 1: what we we're talking about before, about the whole Peter
Speaker 1: Teel thing is like really understanding why like why bitcoin
Speaker 1: and like really getting down to the heart of it.
Speaker 1: And and as he kind of said, the difference between
Speaker 1: you know, collectivism versus individualism. And we are at a
Speaker 1: point in the world where we have like peak globalization
Speaker 1: going on, like literally and the world is breaking apart.
Speaker 1: As a matter of fact, we're in serious crisis. So
Speaker 1: we're in We're have a massive energy crisis going on.
Speaker 1: They're saying in Europe people could freeze to death this
Speaker 1: year in their homes they don't have enough energy. UM.
Speaker 1: Supply chains are backing up everywhere and in China without
Speaker 1: enough energies there shutting down factories, which is gonna make
Speaker 1: supply chains even worse. We have schools running out of food,
Speaker 1: and while all this is happening, grocery stores are going empty.
Speaker 1: We're being warned out we're gonna be empty this year.
Speaker 1: The leaders are laughing about this and acting like it's
Speaker 1: a big joke. And Matt, you mentioned I'm a fan
Speaker 1: of history, and this makes me think of a story
Speaker 1: of history, so I want to dig into that. Uh,
Speaker 1: and then I want to talk about how, yes, bitcoin
Speaker 1: fixes this, So we're gonna talk about that when we
Speaker 1: get back. You are listening to the Mark Moa show.
Speaker 1: We're talking about bitcoin, cryptocurrencies, and the d centralized revolution.
Speaker 1: I'm on with Matt Himenez and Jessica Vaughan. Make sure
Speaker 1: to give us a follow on social media. You can
Speaker 1: follow Matt on Twitter at m j profits and you
Speaker 1: can find Jessica at Jessica Vaughan. And of course I
Speaker 1: am one Mark Moss. Give us a follow, give us
Speaker 1: a shout out, Ask a question, We'll make sure to
Speaker 1: answer it next time on the air, and we will
Speaker 1: be right back to explain how bitcoin fixes this crisis.
Speaker 1: All right, welcome back. You are listening to the Mark
Speaker 1: Moss Show, and we are talking about bitcoin. We're talking
Speaker 1: about cryptocurrencies and the decentralized revolution. Literally the biggest opportunity
Speaker 1: you'll ever see in your lifetime. And I am not
Speaker 1: overstating that. Of course, you have to have the information
Speaker 1: that most people don't have, which is why you should
Speaker 1: be with me each and every week. So pull up
Speaker 1: your phone, put a reminder, make sure you're here on
Speaker 1: this channel at this time. Follow me on Twitter at
Speaker 1: one Mark Moss or on Instagram send me a message.
Speaker 1: I'm joined by two of my really good friends that
Speaker 1: I spend a lot of time talking with. I'm talking
Speaker 1: about Matt Himenz and I am talking with Jessica Vaughan.
Speaker 1: You can find her at Jessica Vaughan on Twitter, and
Speaker 1: you can find Matt at m j A Y Profits
Speaker 1: and so um we are talking about right now, we're
Speaker 1: talking about this crisis and I don't I don't use
Speaker 1: that word lightly. We literally have a crisis going on
Speaker 1: all throughout the world, an energy crisis. There's not enough
Speaker 1: energy to go around. Um through Europe, they're saying that
Speaker 1: people could freeze to death this year because there's not
Speaker 1: enough natural gas. With not enough natural gas, the prices
Speaker 1: went up. The electricity companies need natural gas to create electricity,
Speaker 1: so now their prices are and they're going out of business.
Speaker 1: That does an electricity companies have going out of business.
Speaker 1: They need natural gas to make fertilizer. And what's the
Speaker 1: fertilizer used for? Oh, yeah, to make food. Oh shoot,
Speaker 1: that's a problem. They also need natural gas to make
Speaker 1: CEO two. What's that used for? Oh? To process uh?
Speaker 1: Animals and process food. That's a problem. Uh. It's happening
Speaker 1: all throughout China. They don't have enough energy. They're shutting
Speaker 1: down their factories. Um, and we don't have enough supplies
Speaker 1: coming from China already. And in the United States, even
Speaker 1: in Denver, public school children are facing shortages of milk.
Speaker 1: The headline says food shortages for per Bloomberg, food shortages
Speaker 1: are the next supply chain crunch. In Denver, public school
Speaker 1: children are facing shortages of milk. In Chicago, local market
Speaker 1: is running short of canned goods and boxed items. The
Speaker 1: supply of basic goods of US grocery stores and restaurants
Speaker 1: is once again falling victim. It's a big problem. It's
Speaker 1: a big problem. And while we have this going on
Speaker 1: pictures of of grocery stores all over the place going empty.
Speaker 1: Um at the White House, good old Jen Saki. Typically
Speaker 1: she says she'll circle back on that answer, but this
Speaker 1: time she gave an answer. And when she was pressed
Speaker 1: by the media, of course they don't ask him nearest
Speaker 1: tough questions of the previous president, but they asked her
Speaker 1: what's going on with these supply chain problems? And she
Speaker 1: said the tray that some that some people have to
Speaker 1: wait longer for their treadmill to arrive. What I mean,
Speaker 1: how about to touch of these people? Jest. Yeah, especially
Speaker 1: because we had all this history to know, to know
Speaker 1: and and called all these predictions ahead of time. Uh,
Speaker 1: this is social engineering to grow the state, is what
Speaker 1: it looks like to me, because we know cause and effect.
Speaker 1: We've seen this repeat itself everywhere else. I think that
Speaker 1: a they want to get people used to having um
Speaker 1: lower expectations and much much less availability of all these products,
Speaker 1: because that's what that's what they want if they're trying
Speaker 1: to move us into a more socialistic type of government.
Speaker 1: And of course they're going to keep saying you have
Speaker 1: to scale back your expectations because they're trying to pull
Speaker 1: us away from capitalism, um, which of course is why
Speaker 1: we have so many choices. So they just want to
Speaker 1: reorient everybody into the idea that there's, you know, two
Speaker 1: kinds of canned tomatoes, there's there's two kinds of bread
Speaker 1: to buy. Like, all this this quenching thirst to have
Speaker 1: all this market choice is something in yesteryear. And if
Speaker 1: you don't agree and understand why these um sacrifices have
Speaker 1: to be made, then you don't care about you know,
Speaker 1: your fellow man, because what we're trying to do is
Speaker 1: make it to where we have a sustain you know,
Speaker 1: quote sustainable, emphasis on that word all the time, a
Speaker 1: sustainable way to live our lives. Uh. And if you
Speaker 1: read any Markusha, he predicted all of this, and that
Speaker 1: would have been the last time they're their takeover failed
Speaker 1: in in the late sixties early seventies, UM. So if
Speaker 1: you look him up that he definitely says in there
Speaker 1: about the fact that going forward to to make communism
Speaker 1: or socialism a realistic expectation, that consumerism expectations have to
Speaker 1: go down. So it's interesting to see these little philosophical
Speaker 1: tidbits come out of jen Psaki's mouth herself since she
Speaker 1: speaks for the president. Yeah. Well, something that's crazy about
Speaker 1: the whole supply chain getting messed up is this is
Speaker 1: what happens when you have three of the largest international
Speaker 1: shipping companies control about eight sent of the world's shipping.
Speaker 1: It just goes to shows that we don't have true
Speaker 1: capitalism because there would be more options and more competition
Speaker 1: for shipping companies to deliver goods. This is what happens
Speaker 1: when you only have three large companies that manage almost
Speaker 1: a hundred percent of our shipping to the US and
Speaker 1: all other countries as well. So back to what you
Speaker 1: were saying, Jessica, Yes, this is totally uh socialistic regime.
Speaker 1: And I think that a lot of millennials don't even
Speaker 1: understand socialism and they prefer it, and it's because they
Speaker 1: don't understand capitalism. When when they hear the word capitalism,
Speaker 1: they think that this is capitalism, that we have it
Speaker 1: right now, and this is why things are messed up,
Speaker 1: and that's totally not the truth. It's we don't have capitalism.
Speaker 1: They think capitalism leads to all this exponential growth and
Speaker 1: money going into the pockets a few and out of
Speaker 1: the majority, when that's totally not the case. I think
Speaker 1: most people don't understand socialism. You know, having three companies
Speaker 1: that manage all of the shipping, that's a step towards socialism.
Speaker 1: That's being and Matt and then they can coordinate, and
Speaker 1: it's just more chrony ism. So when people have all
Speaker 1: these criticisms of capitalism, what they really are critical of
Speaker 1: is the chrony ism aspect, which is it's a hallmark
Speaker 1: the state cooperating with private companies. And then and then
Speaker 1: they're the ones who get to fund the candidates that
Speaker 1: don't regulate them, and you know in the House and
Speaker 1: the Senate, which it's a ridiculous circle. Of course, you
Speaker 1: see how out of control it can get. And I
Speaker 1: have decided to start calling that the formerly free, the
Speaker 1: formerly free world, the formerly free market, the market formerly
Speaker 1: known as free because what do you call it? The
Speaker 1: only thing free we have left is bitcoin. It's the
Speaker 1: only free market that exists on earth today, is it? Yeah?
Speaker 1: And it's so and it's so obvious to me why
Speaker 1: it came out of of two thousand and eight when
Speaker 1: bitcoin originated, was because of the frustration about what we
Speaker 1: saw with the housing market and and you know, predatory
Speaker 1: lending and that whole crisis. I would say, I mean
Speaker 1: to me, this is uh, this is just a it's
Speaker 1: it's it's a continuation of the centralization. And so the
Speaker 1: more centralization that we continue to see, the more problems
Speaker 1: that we have, the more distortions that we have in
Speaker 1: the market. And I'd say, I've been saying that we're
Speaker 1: approaching this peak centralization and so we're kind of at
Speaker 1: this peak crisis mode and literally things are about to break.
Speaker 1: I saw this is this is incredible. They said, Um,
Speaker 1: in the US, supplies are so hard to get right now.
Speaker 1: Farmers can't get at tire for their tractor, they can't
Speaker 1: get any parts for their farm equipment. They said that
Speaker 1: if they put their orders in right now, they'll be
Speaker 1: lucky to have them before spring of three. And if
Speaker 1: they don't get them in time of spring of twenty three,
Speaker 1: they missed the plant, which means then we wouldn't have
Speaker 1: food until four that's three years away. These are all
Speaker 1: policies with cause and effect, and the desired effect that
Speaker 1: they begin when they originate these policies is to make
Speaker 1: people on their knees, both small businesnesses and individuals and
Speaker 1: also farmers. Everybody involved in the supply chain, because if
Speaker 1: you just throw enough sand in the gears of the
Speaker 1: supply chain, there's nothing left to do except for when
Speaker 1: they all start crying about the fact that government broke
Speaker 1: their their their production chain and their business. Is that
Speaker 1: now that it's more and more people that are dependent
Speaker 1: on the government, more and more big bailouts are debt
Speaker 1: ceiling has to raise and uh, you know, bitcoin resolves
Speaker 1: some of this. There's a there's a quote from my
Speaker 1: good buddy Jeff Booth. He wrote a book called The
Speaker 1: Price of Tomorrow. Great book. He said that if you
Speaker 1: have abundance in money, so we've we've been printing an
Speaker 1: unlimited amount of money. We want to go into m MT,
Speaker 1: just print money. If you have an abundance of money,
Speaker 1: you have scarcity everywhere else, like food, supply chain's energy.
Speaker 1: But if you have scarcity and money like bitcoin with
Speaker 1: fixed supply cap, you'll have abundance everywhere else. Give me
Speaker 1: a twenty seconds on that, Matt, How's bitcoin fixed that?
Speaker 1: I think bitcoin would fix that by being able to
Speaker 1: absorb and hold people's money, by allowing them to maintain
Speaker 1: their purchasing power and allow the goods to flow in
Speaker 1: so they could afford this right now, what we have
Speaker 1: is feed occurrencies that's being devalued, and they're not able
Speaker 1: to purchase these things that are rising, and they're blaming
Speaker 1: everything like a pandemic and all these other things that
Speaker 1: are saying, oh, this is why prices are up. This
Speaker 1: is why prices up. Prices are up so simply because
Speaker 1: of m MT. It's just the money priner. Yeah, yep.
Speaker 1: So we have abundance and money, an unlimited amount of
Speaker 1: supply of money, and we have scarcity everywhere else because
Speaker 1: everything is scarce. At the end of the day, economics
Speaker 1: is based based off of our time, which is scarce
Speaker 1: and we can't and everything is scarce we have we
Speaker 1: have limited finite resources, and so when we have an
Speaker 1: unlimited amount of money, then scarcity and products and goods
Speaker 1: and services happens. To fix it, we need to fix
Speaker 1: money supply with bitcoin, scarcity and money twenty one million,
Speaker 1: then we'll have abundance everywhere else. You listen to the
Speaker 1: Markmas Show, I'm with my good friends Mattimenez and Jessica Van.
Speaker 1: You can find them on Twitter at Jessica Van and uh.
Speaker 1: You can find Matt at m J Profits of course,
Speaker 1: I'll Matt One, Mark Moss. That's it for the Mark
Speaker 1: mass Show. I'll see you next week.