1 00:00:00,200 --> 00:00:03,040 Speaker 1: Everyone, you are listening to the Mark Mo Show, We're 2 00:00:03,040 --> 00:00:06,600 Speaker 1: talking about bitcoin and cryptocurrencies. We're talking about the decentralized 3 00:00:06,680 --> 00:00:10,000 Speaker 1: revolution of course, each end every week, and as I 4 00:00:10,039 --> 00:00:12,880 Speaker 1: constantly say all the time that to really get to 5 00:00:13,000 --> 00:00:15,760 Speaker 1: understand what is going on with bitcoin and this decentralized 6 00:00:15,760 --> 00:00:20,240 Speaker 1: revolution that's happening, there's so many different areas to dive into, 7 00:00:20,480 --> 00:00:22,400 Speaker 1: which is why I can sit here and talk for 8 00:00:22,600 --> 00:00:24,239 Speaker 1: hours and hours and hours each and every week to 9 00:00:24,280 --> 00:00:27,200 Speaker 1: here because there's never ending amount of content that we 10 00:00:27,240 --> 00:00:30,000 Speaker 1: can talk about, which keeps it UM fun, it keeps 11 00:00:30,000 --> 00:00:32,920 Speaker 1: it interesting, and it also keeps you on your toes. 12 00:00:32,960 --> 00:00:34,920 Speaker 1: Now we'd like to say that you know, bitcoin leads 13 00:00:34,920 --> 00:00:37,520 Speaker 1: you into this rabbit hole because there's so much information 14 00:00:37,560 --> 00:00:41,320 Speaker 1: that you can UM dig into. Now this week, UM 15 00:00:41,360 --> 00:00:43,080 Speaker 1: I have a special guest to have one of my 16 00:00:43,080 --> 00:00:45,879 Speaker 1: good friends, Alex s Fetzky in the studio with me, 17 00:00:46,200 --> 00:00:49,760 Speaker 1: and we thought we'd talk about um one big area. 18 00:00:49,840 --> 00:00:52,280 Speaker 1: So what There's a lot of different places that you 19 00:00:52,320 --> 00:00:55,320 Speaker 1: can focus on bitcoin and um Some people want to 20 00:00:55,320 --> 00:00:57,440 Speaker 1: talk about the money side, or some people want to 21 00:00:57,440 --> 00:01:01,080 Speaker 1: talk about the technical side. UM I let this focus 22 00:01:01,160 --> 00:01:04,360 Speaker 1: on why why should we even care about bitcoin, and 23 00:01:04,360 --> 00:01:07,000 Speaker 1: of course to understand why, you have to understand some 24 00:01:07,040 --> 00:01:09,120 Speaker 1: of the problems that we're having today. And so I 25 00:01:09,160 --> 00:01:12,480 Speaker 1: thought we'd bring Alex in and we talk about something, UM, 26 00:01:12,520 --> 00:01:15,360 Speaker 1: that's really a big problem right now. And it's a 27 00:01:15,400 --> 00:01:18,000 Speaker 1: big problem even specifically, and we're gonna have to dance 28 00:01:18,040 --> 00:01:21,640 Speaker 1: around this topic as we talk about the topic. UM, 29 00:01:21,760 --> 00:01:27,280 Speaker 1: but it's uh, it's it's about uh we'll call it, um, 30 00:01:27,360 --> 00:01:32,119 Speaker 1: we'll call it an attack on our private property, which 31 00:01:32,160 --> 00:01:34,000 Speaker 1: is a big subject. But I want to talk about 32 00:01:34,000 --> 00:01:37,520 Speaker 1: attack on private property, which is probably the most sacred 33 00:01:37,640 --> 00:01:43,160 Speaker 1: private property, which is my own thoughts. And when when 34 00:01:43,240 --> 00:01:47,160 Speaker 1: my speech what I'm able to say get censored and 35 00:01:47,200 --> 00:01:48,720 Speaker 1: I have to watch what I say, then I have 36 00:01:48,760 --> 00:01:51,160 Speaker 1: to start censoring what I think, which is what I'm 37 00:01:51,200 --> 00:01:52,560 Speaker 1: doing right now as I'm trying to think about how 38 00:01:52,560 --> 00:01:56,080 Speaker 1: I can dance around this subject. And so, um, we're 39 00:01:56,120 --> 00:01:57,920 Speaker 1: being attacked by all those things. And I got my 40 00:01:57,960 --> 00:01:59,680 Speaker 1: good for now, Alex Fetsky in the in the studio 41 00:01:59,720 --> 00:02:02,480 Speaker 1: with me, talk about this. What's up Alex? Some man 42 00:02:02,560 --> 00:02:06,840 Speaker 1: story that was just funny. It was it was funny, 43 00:02:06,920 --> 00:02:12,000 Speaker 1: yah sad but true. Yes, Yes, what a strange world 44 00:02:12,000 --> 00:02:15,600 Speaker 1: of living in Um, so I assume, I assume what 45 00:02:15,680 --> 00:02:18,560 Speaker 1: you're talking about. There is this idea of the freedom 46 00:02:18,600 --> 00:02:20,280 Speaker 1: to think, of the freedom to speak. You know the 47 00:02:20,280 --> 00:02:23,920 Speaker 1: fact that the thought police are out there monitoring what 48 00:02:23,960 --> 00:02:27,280 Speaker 1: we think they can do. Well, they're definitely monitoring what 49 00:02:27,360 --> 00:02:29,959 Speaker 1: we say. And um, but but when I have to 50 00:02:30,000 --> 00:02:32,280 Speaker 1: monitor what I say so I don't get caught by them, 51 00:02:32,320 --> 00:02:35,840 Speaker 1: then I have to monitor what I think, which is 52 00:02:35,840 --> 00:02:38,640 Speaker 1: which is interesting. I was I was out surfing this 53 00:02:38,720 --> 00:02:41,000 Speaker 1: morning and one of my buddies in the water and 54 00:02:41,000 --> 00:02:44,080 Speaker 1: I said, Hey, did you catch that latest Joe Rogan episode? Um, 55 00:02:44,160 --> 00:02:46,960 Speaker 1: where he had that Dr mccola on there, and uh, 56 00:02:47,080 --> 00:02:49,600 Speaker 1: we were talking about that episode, which has gone crazy 57 00:02:49,680 --> 00:02:51,320 Speaker 1: viral by the way, which we won't dig into a 58 00:02:51,320 --> 00:02:53,840 Speaker 1: whole lot, but he said, um. He said, you know, 59 00:02:54,440 --> 00:02:58,680 Speaker 1: they the government cannot refute anything he said, so all 60 00:02:58,680 --> 00:03:04,320 Speaker 1: they can do is censor him. And I was like, dang, um, yeah, 61 00:03:04,560 --> 00:03:06,720 Speaker 1: if you can't. There's a quote that I keep saying 62 00:03:06,720 --> 00:03:08,320 Speaker 1: over and over I recently heard and I just love 63 00:03:08,360 --> 00:03:10,600 Speaker 1: it. It It says that ripping a man's tongue out does 64 00:03:10,639 --> 00:03:14,720 Speaker 1: not prove him wrong. It only proves you're only proves 65 00:03:14,720 --> 00:03:17,720 Speaker 1: you you're afraid of what he might say. Um, So anyway, 66 00:03:17,720 --> 00:03:19,240 Speaker 1: I don't know I think about that, But I mean, 67 00:03:19,320 --> 00:03:22,000 Speaker 1: what the heck does that have to do with bitcoin? Well, 68 00:03:22,639 --> 00:03:25,200 Speaker 1: let me let me flip and ask you a question. Um. 69 00:03:25,240 --> 00:03:28,800 Speaker 1: You know, people, particularly in America, you've got encoded in 70 00:03:29,240 --> 00:03:33,079 Speaker 1: the Constitution, the First Amendment, this idea of the freedom 71 00:03:33,080 --> 00:03:34,840 Speaker 1: of speech, and you know, everyone talks about it and 72 00:03:34,920 --> 00:03:38,160 Speaker 1: takes the general idea for granted. I mean, you know, 73 00:03:38,160 --> 00:03:40,320 Speaker 1: there's a lot of stupid people out there who don't 74 00:03:40,320 --> 00:03:42,839 Speaker 1: think it's a good idea. But you know, I think 75 00:03:42,840 --> 00:03:47,600 Speaker 1: by and large, if you're if you're a intellectually competent 76 00:03:47,720 --> 00:03:53,680 Speaker 1: human being, um, you understand at least, um, at the 77 00:03:53,760 --> 00:03:55,960 Speaker 1: very least you agree with the notion that freedom of 78 00:03:56,000 --> 00:03:58,400 Speaker 1: feat is important. But I don't know if many people 79 00:03:58,440 --> 00:04:01,880 Speaker 1: can articulate it's important. So maybe maybe I'm going to 80 00:04:01,960 --> 00:04:03,560 Speaker 1: throw the question at you and you might have heard 81 00:04:03,600 --> 00:04:06,400 Speaker 1: me mention it a little bit with JP and we're 82 00:04:06,480 --> 00:04:09,640 Speaker 1: doing that spaces. But in your mind, Mark, why why 83 00:04:09,680 --> 00:04:12,120 Speaker 1: do you think freedom of speech is important? Why do 84 00:04:12,160 --> 00:04:14,840 Speaker 1: you think it's a good thing in general? Well, I 85 00:04:14,880 --> 00:04:17,000 Speaker 1: would say that the freedom of speech is important. I mean, 86 00:04:17,080 --> 00:04:20,240 Speaker 1: obviously the deep subject. But I think overall that it's 87 00:04:20,279 --> 00:04:22,400 Speaker 1: the way that we learn and so um we don't 88 00:04:22,440 --> 00:04:24,200 Speaker 1: know the right things to say. We learn the truth 89 00:04:24,240 --> 00:04:26,840 Speaker 1: through discussion, and um so I think that's the big 90 00:04:26,880 --> 00:04:29,120 Speaker 1: ones that we can learn through discussion. I would say 91 00:04:29,120 --> 00:04:32,360 Speaker 1: it also encourages learning and also creativity, and so all 92 00:04:32,440 --> 00:04:36,320 Speaker 1: progress in the world comes from creativity. And if we 93 00:04:36,440 --> 00:04:39,960 Speaker 1: limit creativity and limit learning, then we limit progress as well. 94 00:04:40,680 --> 00:04:42,480 Speaker 1: Um So I'd say I'd say those are probably two 95 00:04:42,480 --> 00:04:45,840 Speaker 1: pretty big reasons why it's pretty important. Okay, yep, yep. 96 00:04:45,920 --> 00:04:48,840 Speaker 1: I think that's definitely, you know, in the right direction. 97 00:04:48,880 --> 00:04:51,720 Speaker 1: I think for me, I want to take it up 98 00:04:51,720 --> 00:04:53,719 Speaker 1: a notch. And you know, I'm doing some thinking around 99 00:04:53,720 --> 00:04:56,839 Speaker 1: this and writing a new article called It's it's a 100 00:04:57,120 --> 00:05:01,520 Speaker 1: it's a dive into how since it has become profitable, 101 00:05:01,560 --> 00:05:05,840 Speaker 1: and it's called a new Leviathan um and it looks 102 00:05:05,880 --> 00:05:09,719 Speaker 1: at how the tech oligoppoli is a kind of becoming 103 00:05:10,880 --> 00:05:16,839 Speaker 1: quasi government operations in the sense and basically at this point, 104 00:05:17,560 --> 00:05:21,320 Speaker 1: much like um, if you've ever read anything of biology 105 00:05:21,360 --> 00:05:24,800 Speaker 1: and this idea of the revolutionary phenotype, how DNA took 106 00:05:24,839 --> 00:05:28,880 Speaker 1: over RNA as RNA used it as a mechanism to 107 00:05:29,800 --> 00:05:33,200 Speaker 1: replicate UM, and then you know, IRNA use DNAs and 108 00:05:33,240 --> 00:05:36,240 Speaker 1: mechanism to replicate to the point where DNA was able 109 00:05:36,279 --> 00:05:39,479 Speaker 1: to just replicate itself and it subsumed irona into it, 110 00:05:40,040 --> 00:05:44,200 Speaker 1: and then DNA became the primary species and rona became 111 00:05:44,200 --> 00:05:46,720 Speaker 1: subservient to it and UM, and it's really interesting that 112 00:05:46,839 --> 00:05:50,360 Speaker 1: there's something similar happening here with UM. With governments and 113 00:05:50,360 --> 00:05:55,800 Speaker 1: and large tech Oligoppoli is where you know they are 114 00:05:55,880 --> 00:05:57,400 Speaker 1: at this point, you know, we're sort of in the 115 00:05:57,400 --> 00:06:02,520 Speaker 1: phase of the inversion. We're in the phase of the 116 00:06:02,520 --> 00:06:07,680 Speaker 1: the government is effectively mandating and using these technology companies 117 00:06:07,680 --> 00:06:12,040 Speaker 1: to basically be a branch or an executioner of its mandates. 118 00:06:12,640 --> 00:06:14,880 Speaker 1: But at some point, you know they're gonna and it's 119 00:06:14,960 --> 00:06:16,480 Speaker 1: we're already seeing it in many ways, they're going to 120 00:06:16,520 --> 00:06:18,440 Speaker 1: become more powerful than the government and they can do 121 00:06:18,480 --> 00:06:19,800 Speaker 1: what the hell they want, and it kind of you 122 00:06:19,839 --> 00:06:22,880 Speaker 1: get this inversion, and that's that's a dangerous thing for 123 00:06:22,920 --> 00:06:28,160 Speaker 1: society because then you know, power continues to centralize. You 124 00:06:28,560 --> 00:06:31,000 Speaker 1: you jump from the fry pan into the fire and 125 00:06:31,040 --> 00:06:34,320 Speaker 1: all this sort of stuff. But in each of these models, 126 00:06:34,360 --> 00:06:36,440 Speaker 1: like there's a there's a there's a thread within them, 127 00:06:36,440 --> 00:06:43,560 Speaker 1: which is this idea that censorship becomes a profitable mechanism. 128 00:06:43,680 --> 00:06:48,360 Speaker 1: And for me, um, I wanted to take a step 129 00:06:48,400 --> 00:06:51,160 Speaker 1: back and think about, like what, why why is free 130 00:06:51,160 --> 00:06:53,320 Speaker 1: speech important? And if free speech is a good thing, 131 00:06:53,320 --> 00:06:56,599 Speaker 1: and it is important, it actually should be the most 132 00:06:58,040 --> 00:07:04,680 Speaker 1: profitable mechanism and for human beings to use to cooperate 133 00:07:04,800 --> 00:07:09,000 Speaker 1: and to interact, right, And if it's not profitable, then 134 00:07:09,160 --> 00:07:11,520 Speaker 1: you know, it's actually probably not a good thing because 135 00:07:11,520 --> 00:07:14,600 Speaker 1: because profits suggests in some way, shape or form that 136 00:07:14,800 --> 00:07:18,440 Speaker 1: what you're doing is perceived as valuable. So I guess 137 00:07:19,400 --> 00:07:24,960 Speaker 1: I look at society as its complex system, right, and 138 00:07:26,000 --> 00:07:30,000 Speaker 1: we you know, society is made up of diverse range 139 00:07:30,520 --> 00:07:35,680 Speaker 1: of individuals, of human beings, of collectives at every single dimension, 140 00:07:35,680 --> 00:07:40,920 Speaker 1: whether it's the tribe, the community, the corporation, you know, whatever, institution, etcetera. 141 00:07:40,960 --> 00:07:45,640 Speaker 1: So you've got all of these entities operating and operating 142 00:07:47,120 --> 00:07:50,560 Speaker 1: with some sort of intention to continue to survive or 143 00:07:50,640 --> 00:07:53,680 Speaker 1: exist or do the best for itself, right um. And 144 00:07:53,800 --> 00:07:56,920 Speaker 1: doing so, you've got this kind of like this almost 145 00:07:56,960 --> 00:08:02,440 Speaker 1: the functional madness of the crowds. And in order for 146 00:08:02,520 --> 00:08:08,600 Speaker 1: this complex system too to subsist. And this is this 147 00:08:08,680 --> 00:08:11,600 Speaker 1: is found in all complex system, whether it's a human body, 148 00:08:11,600 --> 00:08:14,840 Speaker 1: whether it's society, whether it's an economy, whether it's whatever, 149 00:08:15,000 --> 00:08:22,560 Speaker 1: my cellium, etcetera. The capacity for feedback loops to to 150 00:08:22,840 --> 00:08:26,920 Speaker 1: signal either bad actions or good actions so that bad 151 00:08:26,960 --> 00:08:29,600 Speaker 1: actions can be corrected and good actions can be doubled 152 00:08:29,640 --> 00:08:36,240 Speaker 1: down on depends upon really good communication to flow through 153 00:08:36,320 --> 00:08:40,240 Speaker 1: the system. If you clog up the communication, the system 154 00:08:40,360 --> 00:08:46,720 Speaker 1: can't permeate um information properly, and therefore value judgments can't 155 00:08:46,760 --> 00:08:49,480 Speaker 1: be made, and therefore the system begins to break down 156 00:08:49,520 --> 00:08:51,680 Speaker 1: and decay. You know, that's what you have when you 157 00:08:51,720 --> 00:08:54,160 Speaker 1: have they clogged up human body for example of secuman bodies, 158 00:08:54,360 --> 00:08:58,080 Speaker 1: signals are not flowing properly and the body dies and 159 00:08:58,120 --> 00:09:01,080 Speaker 1: that's the sort of thing. Yeah, let's hold right there. 160 00:09:02,160 --> 00:09:03,920 Speaker 1: Something I was talking about, like the supply change breaking 161 00:09:03,920 --> 00:09:05,880 Speaker 1: down because that price signal is getting distorted as well. 162 00:09:06,480 --> 00:09:08,079 Speaker 1: I want to dig more into that. We're talking about 163 00:09:08,280 --> 00:09:10,640 Speaker 1: free speech, but how this ties back into bitcoin. So 164 00:09:10,720 --> 00:09:12,480 Speaker 1: stay with us. You're listening to the Marketmas show. We're 165 00:09:12,520 --> 00:09:15,240 Speaker 1: talking about bitcoin, talking about cryptocurrency, is talking about this 166 00:09:15,280 --> 00:09:19,080 Speaker 1: decentralized revolution, talking about how free speech is important and 167 00:09:19,120 --> 00:09:22,640 Speaker 1: how bitcoin can fix that. Uh, it's the long way around, 168 00:09:22,640 --> 00:09:23,680 Speaker 1: but these are the things that you need to know. 169 00:09:23,760 --> 00:09:27,440 Speaker 1: It's why bitcoin can change the world. Uh, you're listening 170 00:09:27,440 --> 00:09:31,040 Speaker 1: to the Markma Show. We'll be right back. Don't go away, everyone, 171 00:09:31,080 --> 00:09:33,080 Speaker 1: Welcome back. You're listening to the Markma Show. We're talking 172 00:09:33,120 --> 00:09:37,280 Speaker 1: about bitcoin and cryptocurrencies in this decentralized revolution that is 173 00:09:37,679 --> 00:09:41,320 Speaker 1: literally changing the course of humanity. It's that big. And 174 00:09:41,360 --> 00:09:43,240 Speaker 1: I say it's that big because it's literally going to 175 00:09:43,400 --> 00:09:46,000 Speaker 1: change the entire way the world works, the way that 176 00:09:46,120 --> 00:09:49,040 Speaker 1: humanity works, and it's going to change every part of life. 177 00:09:49,280 --> 00:09:52,400 Speaker 1: And so we talk about all these different areas, UM, 178 00:09:52,440 --> 00:09:55,520 Speaker 1: all these reasons why bitcoin would be important, all these 179 00:09:55,559 --> 00:09:58,559 Speaker 1: reasons of what are these things that what bitcoin can fix? 180 00:09:58,840 --> 00:10:01,080 Speaker 1: And right now I'm in studio with my good friend 181 00:10:01,120 --> 00:10:05,520 Speaker 1: Alex Spetzky and we're talking about free speech and thought 182 00:10:06,000 --> 00:10:10,160 Speaker 1: and why that's so important and how bitcoin can fix this. Um. 183 00:10:10,200 --> 00:10:12,480 Speaker 1: It's an interesting conversation and it's something bigger than you 184 00:10:12,559 --> 00:10:15,080 Speaker 1: might have thought about. And before the break, Alex, you 185 00:10:15,120 --> 00:10:18,480 Speaker 1: were um kind of explaining how when you how free 186 00:10:18,559 --> 00:10:22,440 Speaker 1: speech is necessary, it's the signal that allows all this 187 00:10:22,520 --> 00:10:25,920 Speaker 1: information to kind of move through society or civilization. And 188 00:10:25,920 --> 00:10:28,080 Speaker 1: when you free when you when you kind of censor 189 00:10:28,240 --> 00:10:31,000 Speaker 1: free speech, you start to jam that up. I think 190 00:10:31,000 --> 00:10:33,600 Speaker 1: that's kind of where you're at pretty much pretty much. 191 00:10:33,640 --> 00:10:38,200 Speaker 1: So free speech has a functional role to play in 192 00:10:38,360 --> 00:10:45,199 Speaker 1: a functional society. It means that communication can flow, and 193 00:10:45,800 --> 00:10:48,720 Speaker 1: bad decision making can be corrected, and good decision making 194 00:10:48,760 --> 00:10:54,800 Speaker 1: can be doubled down. Now, this is only the reality 195 00:10:55,480 --> 00:11:00,360 Speaker 1: when the world that we live in is at actually 196 00:11:01,679 --> 00:11:06,720 Speaker 1: representative or reminiscent of reality. And and and so what 197 00:11:06,760 --> 00:11:11,320 Speaker 1: I mean by that is, currently we have a world 198 00:11:11,400 --> 00:11:16,000 Speaker 1: in which our economy is defined not by what is 199 00:11:16,040 --> 00:11:18,760 Speaker 1: actually happening out there in the world, but are defined 200 00:11:18,800 --> 00:11:23,840 Speaker 1: by made up models that academics and kingsians and central 201 00:11:23,880 --> 00:11:28,080 Speaker 1: bankers and central planners make up that are you know, theoretic, 202 00:11:28,640 --> 00:11:32,240 Speaker 1: purely theoretic. They do not match anything that reality actually 203 00:11:32,520 --> 00:11:35,520 Speaker 1: you know, represents backwards, you know, so sort of sort 204 00:11:35,559 --> 00:11:37,960 Speaker 1: of like you know, they have a model and they say, 205 00:11:38,080 --> 00:11:41,440 Speaker 1: you know, inflation is this, but in their model, they're like, okay, 206 00:11:41,480 --> 00:11:43,720 Speaker 1: well let's just take out energy, let's just take out food, 207 00:11:43,760 --> 00:11:45,240 Speaker 1: Let's just take out all the things that are actually 208 00:11:45,240 --> 00:11:47,240 Speaker 1: going up in price, and let's just keep you know, 209 00:11:47,520 --> 00:11:50,800 Speaker 1: televisions in there, you know things, Let's keep iPhones in there, like, 210 00:11:50,880 --> 00:11:53,800 Speaker 1: let's keep Netflix in there. So it's like the model 211 00:11:53,920 --> 00:12:00,079 Speaker 1: has zero representation to the real world. UM, and you 212 00:12:00,120 --> 00:12:02,280 Speaker 1: know that they kind of lie to themselves. And this 213 00:12:02,360 --> 00:12:06,000 Speaker 1: is where um, free speech is actually not profitable if 214 00:12:06,040 --> 00:12:08,319 Speaker 1: you want to lie to yourself, if you want to 215 00:12:08,360 --> 00:12:12,400 Speaker 1: build a system and a model that can only subsist 216 00:12:12,640 --> 00:12:17,040 Speaker 1: based upon a lie, the only mechanism that you have 217 00:12:17,600 --> 00:12:22,240 Speaker 1: to remain profitable, quote unquote is to censor the truth 218 00:12:22,280 --> 00:12:26,280 Speaker 1: and to censor the feedback so that you can subsist. 219 00:12:26,440 --> 00:12:30,720 Speaker 1: And what that does is it creates an incentive for 220 00:12:30,960 --> 00:12:36,480 Speaker 1: the institutional whoever is operating that model, to basically leach 221 00:12:36,800 --> 00:12:42,680 Speaker 1: from somewhere and basically steal rob pillage in whatever method 222 00:12:42,720 --> 00:12:46,760 Speaker 1: it needs. So whether that's taxation and inflation, mindlessly borrowing 223 00:12:46,800 --> 00:12:49,120 Speaker 1: from the future and increasing death ceilings and stuff like that, 224 00:12:50,120 --> 00:12:52,640 Speaker 1: you have to do that so that you can continue 225 00:12:52,720 --> 00:12:55,760 Speaker 1: lying to yourself and tell yourself that the model is real. 226 00:12:56,280 --> 00:12:59,720 Speaker 1: But you can't do that in reality. And this is 227 00:12:59,760 --> 00:13:02,280 Speaker 1: the big diverged for me. This is like the center 228 00:13:02,320 --> 00:13:04,360 Speaker 1: of the divergence of humanity At the moment, it's like 229 00:13:04,760 --> 00:13:08,319 Speaker 1: we are operating on a map that does not represent 230 00:13:08,360 --> 00:13:12,360 Speaker 1: the territory. Like we are literally on an island somewhere 231 00:13:13,000 --> 00:13:16,439 Speaker 1: and we're reading a map and the map tells us 232 00:13:16,720 --> 00:13:20,720 Speaker 1: that there's grass and you know, lakes and everything everywhere, 233 00:13:20,720 --> 00:13:23,320 Speaker 1: and it's all beautiful. But you know, you look aside 234 00:13:23,360 --> 00:13:24,920 Speaker 1: from the map and it's like desert and you're like, 235 00:13:25,360 --> 00:13:27,800 Speaker 1: wait a minute, what's going on here. So you're you're 236 00:13:27,840 --> 00:13:31,240 Speaker 1: you're you're dying, and there's there's other people around you 237 00:13:31,280 --> 00:13:33,520 Speaker 1: all have a little bit of water, and they're like, hey, man, 238 00:13:33,760 --> 00:13:35,520 Speaker 1: we're in the desert. We're all going to die if 239 00:13:35,520 --> 00:13:37,200 Speaker 1: we don't find water. And you're like, no, no, no. 240 00:13:37,240 --> 00:13:40,440 Speaker 1: The map says there's water everywhere, and because you're the 241 00:13:40,480 --> 00:13:43,040 Speaker 1: owner of the map, you take everybody else's water and 242 00:13:43,040 --> 00:13:45,520 Speaker 1: you keep drinking it for yourself, and everybody else around 243 00:13:45,520 --> 00:13:48,360 Speaker 1: you is dying um, and you keep deluding yourself that 244 00:13:48,360 --> 00:13:50,439 Speaker 1: the map is the reality when it's not. That's the 245 00:13:50,480 --> 00:13:54,120 Speaker 1: world that we're living in because we've conflated the model 246 00:13:54,480 --> 00:13:58,000 Speaker 1: for reality, and in that sense, the speech that is 247 00:13:58,000 --> 00:14:00,920 Speaker 1: coming from those around you who are basically dying a first. Now, 248 00:14:00,960 --> 00:14:03,360 Speaker 1: because you keep stealing the water, you want to censor 249 00:14:03,400 --> 00:14:07,400 Speaker 1: them and say shut up, the map is real. Yeah, 250 00:14:07,640 --> 00:14:11,200 Speaker 1: and that's what we're suffering from today. So um, in 251 00:14:11,240 --> 00:14:13,640 Speaker 1: a in a way, then by censoring the speech, it 252 00:14:13,800 --> 00:14:17,080 Speaker 1: censors that or distorts that signal. And there's that sort 253 00:14:17,080 --> 00:14:19,640 Speaker 1: of how the price signals also getting distorted. I mean 254 00:14:19,680 --> 00:14:22,920 Speaker 1: it's still it is distorting communication that controls the economy 255 00:14:22,960 --> 00:14:26,720 Speaker 1: is in the supply chains that way, correct, So think 256 00:14:26,720 --> 00:14:30,640 Speaker 1: about this, every everything that we do as an economic function. Right, 257 00:14:30,680 --> 00:14:33,480 Speaker 1: So when we perform any form of action, it is 258 00:14:33,520 --> 00:14:37,240 Speaker 1: a decision. So we're making a value judgment in order 259 00:14:37,280 --> 00:14:39,480 Speaker 1: to make a decision in order to know where to 260 00:14:39,560 --> 00:14:43,160 Speaker 1: allocate our precious time and energy. Right. So, so in 261 00:14:43,200 --> 00:14:45,720 Speaker 1: that sense, free speech is actually an economic function. It 262 00:14:45,760 --> 00:14:49,320 Speaker 1: helps us make that value judgment. So when we distort 263 00:14:49,760 --> 00:14:53,480 Speaker 1: that economic function, we then start to distort all the 264 00:14:53,520 --> 00:14:57,320 Speaker 1: subsequent signals that come after that, and we can then 265 00:14:57,480 --> 00:15:01,760 Speaker 1: not make accurate value judgments, and we start creating and 266 00:15:01,800 --> 00:15:04,800 Speaker 1: doing stupid things that don't make sense. And then we 267 00:15:04,880 --> 00:15:06,920 Speaker 1: also don't know that we're doing stupid things that don't 268 00:15:06,960 --> 00:15:10,280 Speaker 1: make sense because we don't have the feedback mechanisms, and 269 00:15:10,680 --> 00:15:15,160 Speaker 1: this sort of then ties into why the advent or 270 00:15:15,200 --> 00:15:17,840 Speaker 1: the discovery whatever you want to call something like bitcoin. 271 00:15:18,000 --> 00:15:20,720 Speaker 1: So so let's just even transcend the name bitcoin, like 272 00:15:21,000 --> 00:15:27,840 Speaker 1: the idea of discovering energy money, where the money represents 273 00:15:28,600 --> 00:15:31,520 Speaker 1: the finite resources that are time and energy, like when 274 00:15:31,560 --> 00:15:34,400 Speaker 1: those two are tied together, like I call it the 275 00:15:34,760 --> 00:15:37,320 Speaker 1: fusion of the physical and the metaphysical, when those two 276 00:15:37,720 --> 00:15:42,960 Speaker 1: come together. And when you perform a bad economic action 277 00:15:43,120 --> 00:15:45,480 Speaker 1: because you've made a bad value judgment and therefore you know, 278 00:15:45,840 --> 00:15:49,800 Speaker 1: squandered your resources your time and energy, you actually lose 279 00:15:51,120 --> 00:15:54,480 Speaker 1: this energy money, you lose bitcoin. Um. You have a 280 00:15:54,600 --> 00:15:58,680 Speaker 1: direct feedback mechanism telling you that what you're doing is wrong, 281 00:15:59,080 --> 00:16:02,000 Speaker 1: and you cannot lie to yourself. But when you have 282 00:16:02,160 --> 00:16:05,520 Speaker 1: fiat money and you make a poor economic decision like 283 00:16:05,600 --> 00:16:08,960 Speaker 1: let's lock down half the world, um, and in doing so, 284 00:16:09,040 --> 00:16:11,520 Speaker 1: let's then print two and a half trillion dollars or whatever, 285 00:16:11,600 --> 00:16:14,360 Speaker 1: and then prices go up, then you can lie and 286 00:16:14,400 --> 00:16:16,160 Speaker 1: you can say, okay, let's just print some more money. 287 00:16:16,240 --> 00:16:19,240 Speaker 1: Let's blame the businesses, let's blame the greedy capitalists, blame 288 00:16:19,280 --> 00:16:21,720 Speaker 1: everybody else. But you are creating the problem and you 289 00:16:21,760 --> 00:16:25,160 Speaker 1: just keep lying about it. Like on a bitcoint standard, 290 00:16:25,240 --> 00:16:27,320 Speaker 1: you just can't do that because like that the feedback 291 00:16:27,400 --> 00:16:30,000 Speaker 1: is instant. It's like you lost the money, you're dead, 292 00:16:30,120 --> 00:16:33,600 Speaker 1: you're you know, your your bankrupt, your broke. On a 293 00:16:33,840 --> 00:16:38,240 Speaker 1: on a fiat standard, you can just add some extra digits. Yeah. 294 00:16:38,680 --> 00:16:41,680 Speaker 1: So in a sense, then you're saying that the free 295 00:16:41,720 --> 00:16:44,480 Speaker 1: speech is the signal, sort of like the prices is signaled. 296 00:16:45,000 --> 00:16:49,240 Speaker 1: And um, in pricing, we need profits. So businesses need 297 00:16:49,280 --> 00:16:52,520 Speaker 1: profit to chase. That's what gives us that feedback loop. 298 00:16:52,840 --> 00:16:55,000 Speaker 1: If I'm not making a profit, then nobody wants what 299 00:16:55,120 --> 00:16:57,440 Speaker 1: I have to offer. It's wrong, it's misaligned. And if 300 00:16:57,480 --> 00:16:59,080 Speaker 1: I am making a profit, that means I found a 301 00:16:59,080 --> 00:17:01,560 Speaker 1: good market fit. And so there's that feedback loop, and 302 00:17:01,600 --> 00:17:05,320 Speaker 1: we can also find the same thing I'm guessing with speech. Um, 303 00:17:05,359 --> 00:17:07,600 Speaker 1: if you're just tuning in, you're listening to the Mark 304 00:17:07,720 --> 00:17:10,439 Speaker 1: Mo Show, we're talking about bitcoin and cryptocurrencies in this 305 00:17:10,520 --> 00:17:13,360 Speaker 1: decentralized revolution. I'm in the studio with Alex S. Fetzky 306 00:17:13,440 --> 00:17:15,840 Speaker 1: and we're talking about a little bit of a philosophical 307 00:17:16,000 --> 00:17:19,720 Speaker 1: entry into bitcoin to kind of explain why bitcoin is 308 00:17:19,720 --> 00:17:23,240 Speaker 1: so important but even more importantly, how it can really 309 00:17:23,280 --> 00:17:26,720 Speaker 1: change the world through things that most people don't really attribute, 310 00:17:27,000 --> 00:17:28,920 Speaker 1: things like money to fix. And so we're talking about 311 00:17:28,960 --> 00:17:31,320 Speaker 1: free speech. He was kind of giving us an intro 312 00:17:31,440 --> 00:17:34,800 Speaker 1: into how free speech is a signal and then how 313 00:17:34,840 --> 00:17:38,640 Speaker 1: that kind of goes into profits. Um, so I want 314 00:17:38,680 --> 00:17:41,240 Speaker 1: to get into more of that in a second. Um, 315 00:17:41,280 --> 00:17:44,040 Speaker 1: if you're on Twitter, you can find me at number one, 316 00:17:44,080 --> 00:17:47,040 Speaker 1: Mark Moss, shoot me a question, and we got Alex 317 00:17:47,080 --> 00:17:50,359 Speaker 1: at at ghost of Spetzky's s V E T s 318 00:17:50,440 --> 00:17:52,920 Speaker 1: k I. So give us a give us a follow, 319 00:17:52,960 --> 00:17:55,679 Speaker 1: give us a question. Um, we're talking about bitcoin. We're 320 00:17:55,680 --> 00:17:58,640 Speaker 1: talking about this decentralized revolution. We're talking about why it's important. 321 00:17:58,840 --> 00:18:03,959 Speaker 1: We're talking about how speech. Censoring speech just storts the signal, 322 00:18:04,080 --> 00:18:06,280 Speaker 1: sort of like profit. We're gonna be right back with more. 323 00:18:06,320 --> 00:18:08,520 Speaker 1: Don't go away, all right, everyone, welcome back. You are 324 00:18:08,520 --> 00:18:10,800 Speaker 1: listening to the markma Show, and we're talking about bitcoin. 325 00:18:11,160 --> 00:18:14,760 Speaker 1: We're talking about this giant decentralized revolution that is happening. 326 00:18:15,160 --> 00:18:17,760 Speaker 1: We're we're living through it, we're witnessing it right now. 327 00:18:17,920 --> 00:18:19,800 Speaker 1: And you know a lot of times people are like 328 00:18:19,960 --> 00:18:21,280 Speaker 1: I get it, I get it again, I get it's 329 00:18:21,280 --> 00:18:23,280 Speaker 1: it's like digital gold right. Oh no, no, it's like 330 00:18:23,359 --> 00:18:27,480 Speaker 1: it's like digital money. Sure, I get it, I get it, right, Um, yeah, 331 00:18:28,000 --> 00:18:30,040 Speaker 1: it is those things. It is, sure it is, but 332 00:18:30,119 --> 00:18:32,800 Speaker 1: it's so much more. That's like when electricity was invented 333 00:18:32,960 --> 00:18:34,760 Speaker 1: and somebody says, I get it. I get electricity. It's 334 00:18:34,800 --> 00:18:37,280 Speaker 1: like a digital candle, right, and like, why do I 335 00:18:37,320 --> 00:18:38,959 Speaker 1: need that? Because like a candle is better, it's been 336 00:18:39,000 --> 00:18:41,560 Speaker 1: light for five thousand years and it's portable and I 337 00:18:41,560 --> 00:18:44,639 Speaker 1: don't need wires um and so yeah, sure it was 338 00:18:44,680 --> 00:18:46,199 Speaker 1: like a digital candle with it's so much more. And 339 00:18:46,200 --> 00:18:48,119 Speaker 1: so so bitcoin is like digital goal, but it's so 340 00:18:48,200 --> 00:18:50,800 Speaker 1: much more, and it's something that can even change the 341 00:18:50,800 --> 00:18:54,159 Speaker 1: world because of the censorship of speech and communication. And 342 00:18:54,359 --> 00:18:56,359 Speaker 1: Alex Fetzki is in the studio with me right now. 343 00:18:56,359 --> 00:18:58,600 Speaker 1: He's explaining this to us, and I kind of cut 344 00:18:58,640 --> 00:19:01,160 Speaker 1: you off before that that last break there, but you're 345 00:19:01,200 --> 00:19:03,800 Speaker 1: explaining I think you're about to transition into how um, 346 00:19:03,960 --> 00:19:06,199 Speaker 1: speech is this feedback loop and then it kind of 347 00:19:06,200 --> 00:19:08,560 Speaker 1: goes into like profit. How profit is also a feedback 348 00:19:08,640 --> 00:19:11,840 Speaker 1: loop for businesses. I think that's kind of where you were. Yes, So, 349 00:19:11,840 --> 00:19:14,159 Speaker 1: so I guess to tax this all together. What I've 350 00:19:14,160 --> 00:19:16,560 Speaker 1: said in the past, Um. I was with Nat Brunel 351 00:19:16,640 --> 00:19:18,640 Speaker 1: on a on a little podcast a couple of weeks ago, 352 00:19:18,720 --> 00:19:21,800 Speaker 1: and one of the points I was making was, I 353 00:19:21,840 --> 00:19:25,119 Speaker 1: think Bitcoin's biggest impact on society is going to be 354 00:19:25,800 --> 00:19:30,520 Speaker 1: the fact that it will make economic consequences. It'll it'll 355 00:19:30,600 --> 00:19:37,680 Speaker 1: reintroduce economic consequence to all action, um, whether at the corporate, individual, institution, 356 00:19:37,760 --> 00:19:41,080 Speaker 1: or whatever level. Right, So, so it makes action accountable 357 00:19:41,800 --> 00:19:43,560 Speaker 1: because at the moment, if you're close enough to the 358 00:19:43,600 --> 00:19:46,520 Speaker 1: monetary spigot, you are not accountable to anybody or anything. 359 00:19:46,800 --> 00:19:49,760 Speaker 1: You can make, You can perform badly, and you just 360 00:19:50,520 --> 00:19:52,879 Speaker 1: print the money, you borrow the money you you know 361 00:19:53,000 --> 00:19:55,600 Speaker 1: you created, you know, you tax it from someone. Right So, 362 00:19:55,600 --> 00:19:58,640 Speaker 1: so when you have that moral hazard, everything else distorts, 363 00:19:58,640 --> 00:20:01,720 Speaker 1: and then everything downstream starts and deform. Right by bitcoin 364 00:20:02,720 --> 00:20:06,639 Speaker 1: becoming a standard economic consequence. Like over in here, it's 365 00:20:06,680 --> 00:20:10,520 Speaker 1: like bitcoin makes economic consequence great again. But in doing so, 366 00:20:11,440 --> 00:20:15,320 Speaker 1: because economic consequences so tight tightly tied to action, and 367 00:20:15,440 --> 00:20:19,639 Speaker 1: at that point, it actually makes free speech profitable again. 368 00:20:20,280 --> 00:20:21,520 Speaker 1: And that's what we need to do. We need to 369 00:20:21,560 --> 00:20:24,320 Speaker 1: make free speech profitable again, because if you are a 370 00:20:24,320 --> 00:20:27,720 Speaker 1: business of any kind operating on a bitcoin standard, and 371 00:20:27,720 --> 00:20:30,080 Speaker 1: you don't have the option of being bailed out. You 372 00:20:30,119 --> 00:20:32,159 Speaker 1: don't have you know, a government doesn't have the option 373 00:20:32,320 --> 00:20:35,280 Speaker 1: of just bailing you up for poor decision making or 374 00:20:35,280 --> 00:20:38,919 Speaker 1: for whatever. Um, you will go ahead and censor someone 375 00:20:39,920 --> 00:20:43,160 Speaker 1: because you know, at the moment the government pays, you know, 376 00:20:43,240 --> 00:20:46,239 Speaker 1: whether it's Twitter or Facebook or whatever or mandates them, 377 00:20:46,240 --> 00:20:49,320 Speaker 1: which which is another form of I guess, uh it's 378 00:20:49,320 --> 00:20:51,119 Speaker 1: a reverse payment, right, It's like if you don't do this, 379 00:20:51,119 --> 00:20:53,400 Speaker 1: will shut you down. So it's like, you know, it's 380 00:20:53,440 --> 00:20:55,920 Speaker 1: it's a different make it's a it's a different economic 381 00:20:55,960 --> 00:20:58,720 Speaker 1: reason to do so, right, But when that can't happen, 382 00:20:59,720 --> 00:21:04,680 Speaker 1: since ship actually becomes a not very profitable business model, 383 00:21:04,880 --> 00:21:07,800 Speaker 1: Like if you're going to go on one platform in 384 00:21:07,840 --> 00:21:10,240 Speaker 1: your sense and universus another platform and you're not sense 385 00:21:10,280 --> 00:21:12,760 Speaker 1: it like where you're gonna go. So so it's like 386 00:21:13,760 --> 00:21:17,680 Speaker 1: that is I think how we fix this sensor problem. 387 00:21:17,760 --> 00:21:21,160 Speaker 1: It's not through decentralization. It's not through you know, building 388 00:21:21,200 --> 00:21:23,800 Speaker 1: some sort of you know, uh, you know D five 389 00:21:23,920 --> 00:21:27,400 Speaker 1: version of Twitter or anything like that. It's by removing 390 00:21:27,600 --> 00:21:33,760 Speaker 1: the problem upstream, making all action economically accountable um, introducing 391 00:21:33,800 --> 00:21:40,159 Speaker 1: consequence to all action and making all service providers, whether companies, institutions, governments, 392 00:21:40,200 --> 00:21:45,520 Speaker 1: or whatever, actual service providers not overlords to their customers. 393 00:21:45,560 --> 00:21:48,959 Speaker 1: And the customers are anybody holding bitcoin because in this 394 00:21:49,000 --> 00:21:51,800 Speaker 1: game you can't just take it from them. So UM, 395 00:21:51,840 --> 00:21:56,159 Speaker 1: I get that. But something I think about in in 396 00:21:56,160 --> 00:22:00,240 Speaker 1: regards to a free market, um, censorship might act should 397 00:22:00,240 --> 00:22:03,080 Speaker 1: be profitable. So for example, if I want some somewhere 398 00:22:03,080 --> 00:22:05,360 Speaker 1: for my kids to go into, some sort of kids community, 399 00:22:05,400 --> 00:22:08,440 Speaker 1: for example, I might I might prefer as a paying 400 00:22:08,520 --> 00:22:10,760 Speaker 1: customer to pay for them to go in a community 401 00:22:10,760 --> 00:22:14,439 Speaker 1: that is censored where they censor all that stuff out right. Um, 402 00:22:14,480 --> 00:22:16,400 Speaker 1: But then for me, I would prefer to go into 403 00:22:16,400 --> 00:22:18,159 Speaker 1: another community that I can talk to my audience that 404 00:22:18,280 --> 00:22:20,600 Speaker 1: isn't censored, right, And so um it could be. I mean, 405 00:22:20,600 --> 00:22:23,280 Speaker 1: censorship could be a profitable model, But it just goes 406 00:22:23,320 --> 00:22:25,159 Speaker 1: back to the free marketing with the free markets demanding 407 00:22:25,200 --> 00:22:29,360 Speaker 1: and wanting. Yes, censorship is only profitable in a localized environment. 408 00:22:29,480 --> 00:22:32,879 Speaker 1: That's the that's the big difference. So so so when 409 00:22:32,960 --> 00:22:35,760 Speaker 1: when you've got to control like a walled garden, it 410 00:22:35,880 --> 00:22:39,720 Speaker 1: makes sense. The problem is is in this trend towards 411 00:22:39,760 --> 00:22:44,800 Speaker 1: a globalist, homogeneous state. The entire world becomes a world garden, 412 00:22:45,160 --> 00:22:49,080 Speaker 1: and then you try and apply sensorship across the whole thing. 413 00:22:49,480 --> 00:22:51,840 Speaker 1: That is where it doesn't work, because in order for 414 00:22:51,960 --> 00:22:55,399 Speaker 1: life to subsist, there must be diversity. So within individual 415 00:22:55,400 --> 00:22:59,159 Speaker 1: world gardens, different elements of sensorship might work, but it 416 00:22:59,200 --> 00:23:01,479 Speaker 1: has to be low all lives, and that can't scale 417 00:23:01,520 --> 00:23:05,479 Speaker 1: beyond a particular number because beyond the particular number you 418 00:23:05,520 --> 00:23:09,600 Speaker 1: get the you get the problem of complex systems requiring 419 00:23:09,640 --> 00:23:12,760 Speaker 1: some sort of feedback, right, So it only works in 420 00:23:12,800 --> 00:23:15,879 Speaker 1: a localized capacity. So then we can take that and 421 00:23:15,920 --> 00:23:18,280 Speaker 1: we can blow that up to even bigger, which is 422 00:23:18,280 --> 00:23:20,520 Speaker 1: then um really, I think what you're talking about is 423 00:23:20,520 --> 00:23:24,480 Speaker 1: is bitcoin makes it unprofitable um to to be wrong, 424 00:23:24,600 --> 00:23:26,440 Speaker 1: to have these misaligned incentives. And if we take it 425 00:23:26,480 --> 00:23:27,960 Speaker 1: to a bigger level than we talk about, like on 426 00:23:28,000 --> 00:23:30,040 Speaker 1: a government, and if a government can't print un limited 427 00:23:30,040 --> 00:23:31,879 Speaker 1: amounts of money and they had to stick to a 428 00:23:31,960 --> 00:23:34,479 Speaker 1: standard like a gold standard or a bitcoin standard, they 429 00:23:34,520 --> 00:23:36,679 Speaker 1: would then also have to be good management of their 430 00:23:36,680 --> 00:23:39,240 Speaker 1: money or they would lose. And so in that type 431 00:23:39,240 --> 00:23:41,760 Speaker 1: of environment, I think kind of like you're talking about 432 00:23:41,840 --> 00:23:45,200 Speaker 1: censorship working only in a smaller kind of a walled garden, 433 00:23:45,280 --> 00:23:47,640 Speaker 1: not a national one. I think that's also the way 434 00:23:47,680 --> 00:23:50,200 Speaker 1: politics should also work. Right, So it's like, uh, just 435 00:23:50,200 --> 00:23:51,800 Speaker 1: in the United States, I mean, three and thirty million 436 00:23:51,840 --> 00:23:54,640 Speaker 1: people is way too many to be under one regime 437 00:23:54,720 --> 00:23:57,480 Speaker 1: or one set of rules, and so kind of the 438 00:23:57,520 --> 00:23:59,040 Speaker 1: same thing, right. It's like, Hey, if I want to 439 00:23:59,040 --> 00:24:00,800 Speaker 1: live in a neighborhood and and this is a good 440 00:24:00,800 --> 00:24:03,920 Speaker 1: example for people, Um, like I could live in a 441 00:24:04,040 --> 00:24:06,840 Speaker 1: in a gated neighborhood with an association. But then, like, 442 00:24:06,960 --> 00:24:08,840 Speaker 1: I'm not allowed to park on the street, and that's 443 00:24:08,840 --> 00:24:10,640 Speaker 1: a pain in the ass. I don't like to park 444 00:24:10,640 --> 00:24:11,719 Speaker 1: in the street. I don't like to have to get 445 00:24:11,720 --> 00:24:13,679 Speaker 1: my trash cans in by five o'clock. I don't like 446 00:24:13,760 --> 00:24:15,840 Speaker 1: that I can only paint my house three different colors. 447 00:24:16,080 --> 00:24:18,320 Speaker 1: I don't like that. But on the flip side, is 448 00:24:18,840 --> 00:24:20,760 Speaker 1: all that my neighborhood looks clean. There's no cars on 449 00:24:20,760 --> 00:24:22,200 Speaker 1: the street, all the houses are the same, and it 450 00:24:22,280 --> 00:24:24,720 Speaker 1: looks good. And so some people like that, And I 451 00:24:24,760 --> 00:24:27,760 Speaker 1: can choose to live in that gated neighborhood if I want. Um, 452 00:24:27,800 --> 00:24:29,439 Speaker 1: I used to live in a gated neighborood about four 453 00:24:29,480 --> 00:24:31,639 Speaker 1: years where I moved to a non gated neighborhood and 454 00:24:31,760 --> 00:24:33,520 Speaker 1: the homes are even more expensive in the area that 455 00:24:33,520 --> 00:24:36,160 Speaker 1: I'm at. But sometimes there's an RV in the driveway, 456 00:24:37,040 --> 00:24:38,920 Speaker 1: sometimes the guy's got a junker in the drive because 457 00:24:38,920 --> 00:24:41,480 Speaker 1: there's no association to enforced it. Um, so I'm free, 458 00:24:41,520 --> 00:24:43,040 Speaker 1: but sometimes I don't like it as much. Or I 459 00:24:43,040 --> 00:24:45,680 Speaker 1: can go over there where I it's it's cleaner and 460 00:24:45,720 --> 00:24:47,480 Speaker 1: I like it better. But then I'm not free, but 461 00:24:47,600 --> 00:24:49,439 Speaker 1: I get to choose, and I think that's kind of 462 00:24:49,440 --> 00:24:53,400 Speaker 1: the difference. Absolutely, yes, so so basically so, so you've 463 00:24:53,400 --> 00:24:56,879 Speaker 1: got this kind of corrective mechanism, right, So if you'll, 464 00:24:56,920 --> 00:24:59,360 Speaker 1: again let's use the gated community as an example. If 465 00:24:59,760 --> 00:25:02,960 Speaker 1: you have a contractual relationship, you know, so so as 466 00:25:02,960 --> 00:25:06,080 Speaker 1: you mentioned that you can only paint three colors, etcetera, etcetera. 467 00:25:06,080 --> 00:25:08,919 Speaker 1: Their their actual forms of censorship, but light censorship, right, 468 00:25:09,200 --> 00:25:11,679 Speaker 1: and now you may agree to those upfront, but then 469 00:25:11,760 --> 00:25:13,920 Speaker 1: let's say over time they're like, okay, now you can't 470 00:25:13,920 --> 00:25:15,760 Speaker 1: do this, and they can't do this, and they can't 471 00:25:15,760 --> 00:25:17,280 Speaker 1: do this, and I can't do this. You're like, wait 472 00:25:17,280 --> 00:25:19,520 Speaker 1: a minute, this this is ridiculous. I didn't sign up 473 00:25:19,560 --> 00:25:21,760 Speaker 1: for this. The level of censorship is too high, the 474 00:25:21,840 --> 00:25:24,679 Speaker 1: level of restriction, because that that's effectively what censorship is, right, 475 00:25:24,720 --> 00:25:28,119 Speaker 1: it's a form of restriction. It's too high. I'm leaving, 476 00:25:28,640 --> 00:25:32,000 Speaker 1: um enough people leave the restriction. What that is is 477 00:25:32,040 --> 00:25:35,920 Speaker 1: a market feedback signal to that localized entity saying that hey, 478 00:25:36,000 --> 00:25:39,199 Speaker 1: the restrictions are too too far reaching. We need to 479 00:25:39,880 --> 00:25:43,840 Speaker 1: uh parry them back. So you know that you have 480 00:25:43,920 --> 00:25:48,000 Speaker 1: this natural corrective mechanism or this natural stabilizing mechanism for 481 00:25:48,119 --> 00:25:52,920 Speaker 1: censorship as part of your business model. But when it 482 00:25:52,960 --> 00:25:58,760 Speaker 1: becomes the you know, the the thing via which like 483 00:25:59,119 --> 00:26:02,840 Speaker 1: you know, where it's run by one sort of you know, 484 00:26:02,880 --> 00:26:07,600 Speaker 1: ministry of truth, where people are genuinely saying, hey, wait 485 00:26:07,640 --> 00:26:12,280 Speaker 1: a minute, this is a fact. And you know if 486 00:26:12,320 --> 00:26:15,600 Speaker 1: someone turns around says, no, it's not in your band um, 487 00:26:15,640 --> 00:26:18,520 Speaker 1: like you said, it's like ripping someone's tongue out. That 488 00:26:18,760 --> 00:26:22,960 Speaker 1: is like it's yeah, I mean what else can I say? 489 00:26:22,960 --> 00:26:27,280 Speaker 1: It's like it's a it's a is this fearful attempt 490 00:26:27,440 --> 00:26:32,600 Speaker 1: to push down the truth in an attempt to perpetuate 491 00:26:32,640 --> 00:26:36,840 Speaker 1: a lie um so that you can keep I guess 492 00:26:37,160 --> 00:26:41,920 Speaker 1: robbing the people who are you know, unassuming or who 493 00:26:41,960 --> 00:26:47,120 Speaker 1: don't get it. It's really it's really disgusting. Yeah, yeah, 494 00:26:47,359 --> 00:26:50,680 Speaker 1: I like I like that. What I like about that 495 00:26:50,880 --> 00:26:54,040 Speaker 1: is where this goes on a bigger scale. So I 496 00:26:54,040 --> 00:26:55,320 Speaker 1: would say the first thing I say is that I 497 00:26:55,320 --> 00:26:57,560 Speaker 1: think that You asked me in the beginning, like what 498 00:26:57,600 --> 00:26:59,480 Speaker 1: do I think free speech is important for? And I said, 499 00:26:59,480 --> 00:27:02,760 Speaker 1: I think that through through open free speech we find truth, right, 500 00:27:02,800 --> 00:27:05,000 Speaker 1: truth discovery kind of like in a free open market 501 00:27:05,000 --> 00:27:07,359 Speaker 1: you find price discovery, you only find price discovery, and 502 00:27:07,400 --> 00:27:09,440 Speaker 1: free market you only find truth in a in an 503 00:27:09,440 --> 00:27:13,040 Speaker 1: open discussion environment as well. Um, but what I really 504 00:27:13,040 --> 00:27:15,560 Speaker 1: like this this is this feedback mechanism. Like we talked 505 00:27:15,560 --> 00:27:18,400 Speaker 1: about moving from a gated neighborhood to another. If enough 506 00:27:18,400 --> 00:27:19,960 Speaker 1: people move out of the gate neighborhood, they have to 507 00:27:20,040 --> 00:27:21,919 Speaker 1: change because they're like, shoot, we're gonna lose revenue. We 508 00:27:21,920 --> 00:27:23,919 Speaker 1: have to change. And I want to talk about what 509 00:27:23,960 --> 00:27:27,120 Speaker 1: that does on a bigger global scale. When we come back. 510 00:27:27,160 --> 00:27:29,199 Speaker 1: You're listening to the Markmas Show. We're talking about bitcoin. 511 00:27:29,640 --> 00:27:32,040 Speaker 1: Uh in a long round about what we're talking about bitcoin. 512 00:27:32,040 --> 00:27:34,199 Speaker 1: We're talking about how bitcoin can change the world. We're 513 00:27:34,200 --> 00:27:35,960 Speaker 1: gonna talk about how it's going to change the world more. 514 00:27:36,000 --> 00:27:38,040 Speaker 1: We'll be right back. All right, welcome back. You are 515 00:27:38,080 --> 00:27:40,560 Speaker 1: listening to the Mark Moss Show. We're talking about bitcoin. 516 00:27:40,640 --> 00:27:44,680 Speaker 1: We're talking about the decentralized revolution that we are living 517 00:27:44,680 --> 00:27:47,680 Speaker 1: through right now, and we're talking about something a little 518 00:27:47,680 --> 00:27:51,280 Speaker 1: bit deeper than you might normally here. We're talking about 519 00:27:51,320 --> 00:27:55,639 Speaker 1: how bitcoin changes, the kind of the incentive structure, and 520 00:27:55,640 --> 00:27:57,119 Speaker 1: how it can change the world. I'm in the studio 521 00:27:57,119 --> 00:27:59,560 Speaker 1: with my good friend Alec Swetzky. That's s V E. T. 522 00:27:59,880 --> 00:28:02,119 Speaker 1: S k I. You can find them on Twitter at 523 00:28:02,200 --> 00:28:05,440 Speaker 1: Ghosts of Spetzky, and of course I'm the one Mark 524 00:28:05,480 --> 00:28:08,440 Speaker 1: Moss on Twitter. Um. So, Alex, this is something I've 525 00:28:08,440 --> 00:28:11,400 Speaker 1: been saying for a long time, and we've had discussions 526 00:28:11,400 --> 00:28:13,240 Speaker 1: about this, but I think it's apparent to anybody who's 527 00:28:13,240 --> 00:28:15,439 Speaker 1: paying attention. Um. Of course, we're trying to bring this 528 00:28:15,440 --> 00:28:17,280 Speaker 1: back to bitcoin, but I think it's important that our 529 00:28:17,320 --> 00:28:20,280 Speaker 1: apparent and anybody paying attention that the world is trending 530 00:28:20,359 --> 00:28:24,080 Speaker 1: towards authoritarianism, which of course is the censorship of speech 531 00:28:24,080 --> 00:28:26,399 Speaker 1: and censorship of private property and all these things. And 532 00:28:26,400 --> 00:28:29,440 Speaker 1: so the world is trending towards authoritarianism, and I have 533 00:28:30,160 --> 00:28:33,760 Speaker 1: I kind of believe that the way that we break 534 00:28:33,800 --> 00:28:37,160 Speaker 1: that trend isn't through violence. It's not through war, it's 535 00:28:37,160 --> 00:28:41,479 Speaker 1: not through guns. I think it breaks through competition. And 536 00:28:41,520 --> 00:28:43,360 Speaker 1: so kind of like what you gave us before the 537 00:28:43,400 --> 00:28:45,000 Speaker 1: break talking about if enough people move out of the 538 00:28:45,040 --> 00:28:50,200 Speaker 1: gated neighborhood, um if if if if, if we have competitions, 539 00:28:50,280 --> 00:28:53,240 Speaker 1: that gated neighborhood would have competition. Um those people and 540 00:28:53,240 --> 00:28:55,360 Speaker 1: the homeowners, those people that live in the neighborhood wouldn't 541 00:28:55,400 --> 00:28:58,640 Speaker 1: go by force and with guns and kidnapped the founders 542 00:28:58,680 --> 00:29:00,920 Speaker 1: in time to change the rules. No, they would just move. 543 00:29:01,520 --> 00:29:04,760 Speaker 1: And and that in in in order to compete that 544 00:29:04,840 --> 00:29:07,520 Speaker 1: homeown associates would have to change those rules. And I 545 00:29:07,560 --> 00:29:09,600 Speaker 1: think that we've seen that in the United States where 546 00:29:09,600 --> 00:29:12,120 Speaker 1: Texas and Florida out competed in New York and California. 547 00:29:12,400 --> 00:29:14,960 Speaker 1: Both governors found themselves on the chopping block. One made it, 548 00:29:15,000 --> 00:29:17,640 Speaker 1: one didn't. Um. But I think we're starting to see that, 549 00:29:17,680 --> 00:29:19,560 Speaker 1: you know, in in the United States, but we're also 550 00:29:19,560 --> 00:29:21,880 Speaker 1: starting to see on a national scale where now we 551 00:29:21,960 --> 00:29:25,240 Speaker 1: have like El Salvador who's now said, hey, bitcoins legal, 552 00:29:25,800 --> 00:29:27,880 Speaker 1: by the way, everybody can move here. No more mandates, 553 00:29:27,880 --> 00:29:30,840 Speaker 1: no more testing, um, no more, no more income taxes, 554 00:29:30,880 --> 00:29:33,120 Speaker 1: property taxes, like come, make as much money as you want. 555 00:29:33,640 --> 00:29:36,760 Speaker 1: And I think if enough people go there, then we 556 00:29:36,800 --> 00:29:39,680 Speaker 1: saw now Paraguay is saying, hey, well us too, and 557 00:29:39,720 --> 00:29:41,960 Speaker 1: then maybe it's you know, Costa Rica, and then maybe Panama. 558 00:29:42,200 --> 00:29:44,920 Speaker 1: And after enough of those companies countries jump on the 559 00:29:45,000 --> 00:29:48,560 Speaker 1: bandwagon and enough people leave, you know, places like the 560 00:29:48,600 --> 00:29:51,840 Speaker 1: United States. Um, rather than by force, the United States 561 00:29:51,920 --> 00:29:53,680 Speaker 1: will go wait a minute, wait a minute, We're losing 562 00:29:53,720 --> 00:29:57,680 Speaker 1: all the productive members of society. We should change our rules. 563 00:29:57,720 --> 00:30:01,000 Speaker 1: I mean, what is that kind of what you see? Yeah? 564 00:30:01,120 --> 00:30:06,240 Speaker 1: So so? I mean, the only vote that really really 565 00:30:06,280 --> 00:30:09,960 Speaker 1: matters is not the name you put on a ballot. Like, 566 00:30:10,040 --> 00:30:14,440 Speaker 1: the only vote that really matters is where you put 567 00:30:14,480 --> 00:30:17,000 Speaker 1: your paycheck, right, Like, where where you allocate your money. 568 00:30:17,800 --> 00:30:20,480 Speaker 1: That's simple as that. Like when I go and buy 569 00:30:21,160 --> 00:30:26,920 Speaker 1: um grass fed beef over you know, beyond soy Berger 570 00:30:27,000 --> 00:30:30,520 Speaker 1: or whatever they call um, I'm voting for meat, not 571 00:30:30,680 --> 00:30:34,480 Speaker 1: for fake meat. Right When I go and eat at 572 00:30:34,480 --> 00:30:36,719 Speaker 1: one restaurant over another, I am voting for that restaurant. 573 00:30:36,760 --> 00:30:38,719 Speaker 1: When I buy one thing over another, I'm doing that 574 00:30:38,760 --> 00:30:40,360 Speaker 1: you know that so so that that is the only 575 00:30:40,440 --> 00:30:44,160 Speaker 1: vote that really matters. Everything else is just the sharade. Um. 576 00:30:44,200 --> 00:30:45,920 Speaker 1: So so when you think about it at that level, 577 00:30:46,000 --> 00:30:50,880 Speaker 1: it's like the free market has its own voting mechanism 578 00:30:50,920 --> 00:30:54,440 Speaker 1: literally baked into it, which is what people buy is 579 00:30:55,080 --> 00:30:57,800 Speaker 1: what they want, right, um, and and that's what we do. 580 00:30:57,920 --> 00:31:03,640 Speaker 1: So when you, um, when you scale that up in 581 00:31:03,720 --> 00:31:09,760 Speaker 1: a world where the government can't buy its own votes 582 00:31:10,000 --> 00:31:11,760 Speaker 1: really because because that's that's when you think about what 583 00:31:11,800 --> 00:31:14,400 Speaker 1: inflation and taxation isn't borrowing from the future, it's it's 584 00:31:14,440 --> 00:31:17,200 Speaker 1: just buying its own votes. Um. You know, it's the 585 00:31:17,640 --> 00:31:19,920 Speaker 1: government has no feedback mechanism, which is, you know, the 586 00:31:20,160 --> 00:31:23,000 Speaker 1: consumer doesn't get a choice. Um, the government can do 587 00:31:23,000 --> 00:31:26,520 Speaker 1: whatever it wants um. And whatever decision it makes wrong, 588 00:31:26,600 --> 00:31:30,280 Speaker 1: right or indifferent, Um, it just goes and prints a 589 00:31:30,320 --> 00:31:33,040 Speaker 1: little bit more money, taxes a little bit more, and 590 00:31:33,160 --> 00:31:35,880 Speaker 1: borrows more. You know, Like, I mean that that thing 591 00:31:36,000 --> 00:31:38,800 Speaker 1: with Biden last week was just hilarious. We pay our 592 00:31:38,840 --> 00:31:42,640 Speaker 1: debts by taking on more debt. Congratulations, man, Like that's 593 00:31:42,680 --> 00:31:47,840 Speaker 1: just like it's just cracked up. Man. So, so in 594 00:31:47,880 --> 00:31:50,000 Speaker 1: that kind of a world, like you know, you're living 595 00:31:50,000 --> 00:31:52,600 Speaker 1: a fraud, and you know, you don't really have an 596 00:31:52,640 --> 00:31:55,400 Speaker 1: economic vote, you know, you don't. You know, everything is 597 00:31:55,440 --> 00:31:59,040 Speaker 1: a big charade. So on the Bitcoin standard, where as 598 00:31:59,080 --> 00:32:04,160 Speaker 1: a governor's institution of any kind, you know, small state, 599 00:32:04,160 --> 00:32:07,920 Speaker 1: big state, whatever, where you can't actually do that. You 600 00:32:07,960 --> 00:32:11,640 Speaker 1: can't print, you can't forcibly tax, and you can't just 601 00:32:11,840 --> 00:32:14,240 Speaker 1: borrow from a future because no one's going to give 602 00:32:14,280 --> 00:32:16,880 Speaker 1: you money if you're a bad operator. Um, all you 603 00:32:16,920 --> 00:32:19,280 Speaker 1: can do is function like a really good service provider 604 00:32:19,480 --> 00:32:23,320 Speaker 1: and say, hey, come here, work here, will provide the 605 00:32:23,320 --> 00:32:27,680 Speaker 1: bare minimums I don't know, judicial service, protection, service, whatever, 606 00:32:27,760 --> 00:32:31,600 Speaker 1: whatever you know, benefits we want to provide and come 607 00:32:31,760 --> 00:32:34,640 Speaker 1: and operate. Um. And then you have to voluntarily pay 608 00:32:34,680 --> 00:32:37,360 Speaker 1: for that. And what happens is the relationship changes from 609 00:32:38,520 --> 00:32:40,960 Speaker 1: subject overlord which is what we've got at the moment, 610 00:32:41,280 --> 00:32:45,640 Speaker 1: to customer service provider, which is what we want. And 611 00:32:45,680 --> 00:32:47,880 Speaker 1: that that's a that's a functional relationship. And in that 612 00:32:47,960 --> 00:32:50,680 Speaker 1: kind of a relationship, if someone's not treating you well, 613 00:32:50,960 --> 00:32:56,640 Speaker 1: you go and you know, vote elsewhere with your economic energy. Yeah. 614 00:32:56,680 --> 00:32:58,520 Speaker 1: In the in the book, the sovereign individual, they talk 615 00:32:58,560 --> 00:33:00,760 Speaker 1: about like a dairy cow locked up in a pin 616 00:33:00,840 --> 00:33:02,480 Speaker 1: and the farmer just you know, takes all the milk 617 00:33:02,520 --> 00:33:04,800 Speaker 1: they want. But then if the cow could grow wings, 618 00:33:05,000 --> 00:33:07,160 Speaker 1: and the cow can grow wings, and the the government's forced 619 00:33:07,160 --> 00:33:08,400 Speaker 1: to instead of looking at you as a as a 620 00:33:08,440 --> 00:33:10,320 Speaker 1: serf or a servant, they can look at you as 621 00:33:10,320 --> 00:33:12,400 Speaker 1: a customer. And I think, you know, we've seen this 622 00:33:12,480 --> 00:33:15,000 Speaker 1: before when when I was a kid growing up, I 623 00:33:15,040 --> 00:33:18,920 Speaker 1: had many friends who came from oppressive regimes, um you know, Afghanistan, Iran, 624 00:33:19,120 --> 00:33:21,520 Speaker 1: our South Africa even and when they came, they had 625 00:33:21,520 --> 00:33:24,240 Speaker 1: a compeny less because they couldn't bring their real estate 626 00:33:24,320 --> 00:33:25,920 Speaker 1: or their goal. They couldn't even bring the money in 627 00:33:25,960 --> 00:33:28,520 Speaker 1: their banks. They had a compennyless. And so how much 628 00:33:28,560 --> 00:33:31,760 Speaker 1: good does it do um a country when you when 629 00:33:31,760 --> 00:33:34,760 Speaker 1: you leave, but you leave all your wealth to them. 630 00:33:34,760 --> 00:33:37,200 Speaker 1: But bitcoin allows us to take our wealth with us, 631 00:33:37,520 --> 00:33:43,120 Speaker 1: which I think will rapidly accelerate this whole competition loop totally. 632 00:33:43,160 --> 00:33:45,320 Speaker 1: Because and and the best thing about bitcoin, and like 633 00:33:45,320 --> 00:33:47,320 Speaker 1: a lot of people say, okay, you guys are talking 634 00:33:47,320 --> 00:33:49,160 Speaker 1: about this. You're talking about you know, the world getting 635 00:33:49,160 --> 00:33:51,000 Speaker 1: on a bitcoin standard and all this sort of stuff, 636 00:33:51,000 --> 00:33:55,960 Speaker 1: It's like this is bitcoin is inevitable. Both it's discovery 637 00:33:55,960 --> 00:34:00,440 Speaker 1: and both. It's um, it's a ultimate supremacy, right, it's 638 00:34:00,440 --> 00:34:03,520 Speaker 1: inevitable in the same way as jumping off a cliff 639 00:34:04,880 --> 00:34:08,920 Speaker 1: and dying because gravity caught up is also inevitable. Right. 640 00:34:09,200 --> 00:34:13,520 Speaker 1: Like we may think in the early seconds of jumping 641 00:34:13,520 --> 00:34:16,440 Speaker 1: off a cliff that we're flying m but then you know, 642 00:34:16,480 --> 00:34:19,279 Speaker 1: gravity takes hold and we realize that we can't fly. 643 00:34:19,840 --> 00:34:23,080 Speaker 1: Um And and that's basically Bitcoin's progression. But on a 644 00:34:23,120 --> 00:34:28,000 Speaker 1: generational time frame. Um, you know, in in the short term, 645 00:34:28,000 --> 00:34:30,040 Speaker 1: we might think, how are we going to overwhelm this? 646 00:34:30,160 --> 00:34:34,120 Speaker 1: But you know, bitcoin is physics, Bitcoin is mathematics. You know, 647 00:34:34,160 --> 00:34:39,960 Speaker 1: bitcoin is raw energy. And the government and the central 648 00:34:39,960 --> 00:34:42,560 Speaker 1: banks and the institutions that we have today are just 649 00:34:42,960 --> 00:34:47,080 Speaker 1: fantasies that they're just made up things that you know, 650 00:34:47,120 --> 00:34:49,520 Speaker 1: as I said, like the CPI model is a perfect example. 651 00:34:49,560 --> 00:34:52,840 Speaker 1: It's just something that we just made up and we 652 00:34:53,000 --> 00:34:55,840 Speaker 1: just change it because when reality tells us it's not 653 00:34:55,880 --> 00:34:57,799 Speaker 1: the case, we're like, oh yeah, I just ignore that 654 00:34:57,880 --> 00:35:00,560 Speaker 1: and just like change it. You know, change is variable, 655 00:35:00,600 --> 00:35:02,480 Speaker 1: and then you know we just kind of add a 656 00:35:02,560 --> 00:35:04,400 Speaker 1: bit more lipstick to the pig, and you know, we 657 00:35:04,400 --> 00:35:07,960 Speaker 1: think it's beautiful. Right. So bitcoin is going to win, 658 00:35:08,040 --> 00:35:10,560 Speaker 1: So it's inevitable in that sense. So what that means is, 659 00:35:11,600 --> 00:35:16,640 Speaker 1: as that reality manifests, those who hold the bitcoin are 660 00:35:16,719 --> 00:35:19,600 Speaker 1: those who hold the ultimate vote, and those who hold 661 00:35:19,600 --> 00:35:23,680 Speaker 1: the ultimate vote are those who dictate the way decisions, 662 00:35:23,880 --> 00:35:29,680 Speaker 1: products and services get made. And this thing changes the 663 00:35:30,000 --> 00:35:33,760 Speaker 1: entire game. Man Like the current game, all decision making 664 00:35:34,239 --> 00:35:37,439 Speaker 1: is dictated and and all incentives are dictated by those 665 00:35:37,480 --> 00:35:40,560 Speaker 1: who pay for their own vote, which are the existing institutions. 666 00:35:40,800 --> 00:35:43,440 Speaker 1: Bitcoin swaps it and places it into the hands of 667 00:35:43,520 --> 00:35:47,480 Speaker 1: the Bitcoin holders, and that's a very different looking world 668 00:35:47,719 --> 00:35:50,480 Speaker 1: than what we have today. Yeah, And the other thing 669 00:35:50,520 --> 00:35:52,279 Speaker 1: that I love about I've been I've been reading a 670 00:35:52,280 --> 00:35:56,160 Speaker 1: lot on Schnischev, who wrote you know, the good leg 671 00:35:56,160 --> 00:35:59,680 Speaker 1: Acapelos and then also have All which I forget the 672 00:35:59,719 --> 00:36:01,000 Speaker 1: name of the book, but he he was the one 673 00:36:01,040 --> 00:36:03,400 Speaker 1: that was like the Yugoslavian president and that both of 674 00:36:03,400 --> 00:36:05,680 Speaker 1: them were writing and instrumental in the in the fall 675 00:36:05,719 --> 00:36:08,839 Speaker 1: of the USSR. And they talked about how when you're 676 00:36:08,920 --> 00:36:11,319 Speaker 1: when you're stuck living in a lie so in a 677 00:36:11,400 --> 00:36:13,040 Speaker 1: system that you don't believe, in a system that you 678 00:36:13,040 --> 00:36:14,680 Speaker 1: don't like, being forced to do things you don't like 679 00:36:14,680 --> 00:36:16,520 Speaker 1: to do et cetera. When you're forced to live in 680 00:36:16,520 --> 00:36:20,600 Speaker 1: that lie, you can't change it through political means, they said, Um, 681 00:36:20,880 --> 00:36:23,160 Speaker 1: and so the political system is captured, control whatever. And 682 00:36:23,160 --> 00:36:24,959 Speaker 1: they said, what the only thing that you can do 683 00:36:25,440 --> 00:36:28,600 Speaker 1: is to go build a parallel world that you can 684 00:36:28,640 --> 00:36:30,520 Speaker 1: live in the truth. And so those are like black 685 00:36:30,520 --> 00:36:32,680 Speaker 1: markets or grade markets. So it's like, instead of that system, 686 00:36:33,040 --> 00:36:34,879 Speaker 1: I don't like that system, I'm just gonna go opt out. 687 00:36:34,880 --> 00:36:37,360 Speaker 1: I'm gonna go over here. I'll build my own financial system, 688 00:36:37,360 --> 00:36:39,200 Speaker 1: will go build my own education system, will go build 689 00:36:39,239 --> 00:36:41,440 Speaker 1: my own health system or whatever it may be. And 690 00:36:41,600 --> 00:36:45,920 Speaker 1: only really bitcoin enables us to do that. Um, you're 691 00:36:45,960 --> 00:36:48,440 Speaker 1: listening to the Markma Show. We're talking about bitcoin. We're 692 00:36:48,440 --> 00:36:51,040 Speaker 1: talking about how bitcoin is going to change the world. 693 00:36:51,200 --> 00:36:53,799 Speaker 1: I'm in the studio with Alex Fetzki. That's Ghost of 694 00:36:53,880 --> 00:36:56,319 Speaker 1: Sveetzki s V E T s K. I find them 695 00:36:56,320 --> 00:36:58,800 Speaker 1: on Twitter. Um. Bitcoin is going to change the World's 696 00:36:58,800 --> 00:37:00,960 Speaker 1: going to speed up the competition loop. Um, it's going 697 00:37:01,000 --> 00:37:03,960 Speaker 1: to open up free speech. You vote with your money, 698 00:37:04,080 --> 00:37:06,880 Speaker 1: you vote with your feet, so vote accordingly. Thanks for listening.