1 00:00:00,120 --> 00:00:03,360 Speaker 1: Everyone, Welcome to another episode of The Mark Moss Show 2 00:00:03,720 --> 00:00:07,920 Speaker 1: where we talk about bitcoin. We talk about the intersection 3 00:00:07,960 --> 00:00:12,039 Speaker 1: of politics, technology, and finance. We're talking about the decentralized 4 00:00:12,080 --> 00:00:14,920 Speaker 1: revolution that is changing the world as we speak. Like 5 00:00:14,920 --> 00:00:17,919 Speaker 1: I said, of course, that's bitcoin that is leading the charge. 6 00:00:18,480 --> 00:00:22,960 Speaker 1: You know, the financial system, well, every system is changing 7 00:00:23,239 --> 00:00:24,960 Speaker 1: right now, as we know what. The world is changing 8 00:00:25,040 --> 00:00:27,680 Speaker 1: right before our very eyes. Lots of things about the 9 00:00:27,680 --> 00:00:32,120 Speaker 1: world are changing the way that we interact, um, you know, politics, socially, culturally, 10 00:00:32,520 --> 00:00:35,239 Speaker 1: um censoring you know speech. I mean, everything we know 11 00:00:35,360 --> 00:00:38,080 Speaker 1: is just changing. Of course, the financial system is changing. 12 00:00:39,080 --> 00:00:41,920 Speaker 1: And some of the biggest financial experts in the world 13 00:00:41,920 --> 00:00:44,520 Speaker 1: that I really respect. I mean I'm talking about Ray Dalio. 14 00:00:44,680 --> 00:00:48,600 Speaker 1: I just been reading his book The Changing New World Order. Uh. 15 00:00:48,680 --> 00:00:50,839 Speaker 1: It's an amazing book. I highly recommend it. And he 16 00:00:50,920 --> 00:00:52,800 Speaker 1: charts history. Of course, if you listen to the show 17 00:00:52,800 --> 00:00:54,760 Speaker 1: on a regular basis, you know I'm a history buff. 18 00:00:54,760 --> 00:00:57,040 Speaker 1: He charts the course of history. And these financial markets 19 00:00:57,560 --> 00:00:59,640 Speaker 1: Zoltan pos Are. If you're in the financial world, you 20 00:00:59,720 --> 00:01:01,800 Speaker 1: might know who that name is. He's been nailing this 21 00:01:01,840 --> 00:01:04,640 Speaker 1: transition to this new financial system as well. But what 22 00:01:04,840 --> 00:01:07,440 Speaker 1: both of them are missing. And I hate to say 23 00:01:07,440 --> 00:01:09,800 Speaker 1: that because these guys have forgot more information than I'll 24 00:01:09,800 --> 00:01:12,360 Speaker 1: probably ever know in my life. Uh. They're both giants, 25 00:01:12,440 --> 00:01:14,319 Speaker 1: and I recommend that you listen to what they're saying. 26 00:01:14,360 --> 00:01:20,240 Speaker 1: But glaringly missing is that neither one of them talks 27 00:01:20,280 --> 00:01:23,960 Speaker 1: about technology. And when we look through thousands of years 28 00:01:24,000 --> 00:01:27,440 Speaker 1: of history, what we see is that it's technology that 29 00:01:27,520 --> 00:01:32,399 Speaker 1: changes the world, right, not politics, Uh, not social cultural issues, um, 30 00:01:32,520 --> 00:01:34,920 Speaker 1: not even the money. Money is a cycle, and Radialio 31 00:01:35,000 --> 00:01:37,200 Speaker 1: highlights that very well, that it's the cycle that repeats 32 00:01:37,200 --> 00:01:40,880 Speaker 1: over and over and over. But it's technology that changes everything. 33 00:01:40,880 --> 00:01:44,360 Speaker 1: And both of those uh financial giants will call them 34 00:01:44,360 --> 00:01:49,000 Speaker 1: intellectual giants, completely miss that. And so I'm talking about 35 00:01:49,040 --> 00:01:54,080 Speaker 1: the intersection of UM technology where it connects to finance 36 00:01:54,280 --> 00:01:57,320 Speaker 1: and of course political issues, and so when you look 37 00:01:57,320 --> 00:01:59,320 Speaker 1: at all three of those together, it brings everything into 38 00:01:59,400 --> 00:02:04,040 Speaker 1: context and what's happening today now, I just got back 39 00:02:04,080 --> 00:02:07,200 Speaker 1: from one of the largest conferences in the world to 40 00:02:07,400 --> 00:02:11,359 Speaker 1: talk about that. Specifically, it was the Bitcoin conference I've 41 00:02:11,360 --> 00:02:13,520 Speaker 1: been talking about on this channel for the last several weeks. 42 00:02:13,560 --> 00:02:15,480 Speaker 1: You've probably been hearing me telling you about it. UM 43 00:02:15,520 --> 00:02:18,480 Speaker 1: to buy your ticket and things like that, and so 44 00:02:18,560 --> 00:02:22,440 Speaker 1: I want to give you UM an insider's perspective of 45 00:02:22,480 --> 00:02:26,520 Speaker 1: what happened at the largest bitcoin conference, the largest cryptocurrency conference, 46 00:02:26,760 --> 00:02:28,640 Speaker 1: maybe one of the largest conferences in the world. There 47 00:02:28,680 --> 00:02:31,720 Speaker 1: was about they're expecting about thirty thousand people there. It 48 00:02:31,800 --> 00:02:34,960 Speaker 1: was pretty massive, and I was a speaker on the 49 00:02:34,960 --> 00:02:37,320 Speaker 1: main stage, I worked on the news desk. I'm gonna 50 00:02:37,360 --> 00:02:38,840 Speaker 1: give you all that, but let's just say that I 51 00:02:38,840 --> 00:02:43,000 Speaker 1: had behind the scenes access to all the biggest events, 52 00:02:43,040 --> 00:02:45,679 Speaker 1: all the best speakers, all the best parties, and I'm 53 00:02:45,720 --> 00:02:48,720 Speaker 1: gonna give you an insider's perspective on that. But before 54 00:02:48,760 --> 00:02:52,000 Speaker 1: we do that, I wanted to do something else, and 55 00:02:52,040 --> 00:02:56,000 Speaker 1: so UM one of the things that I found over 56 00:02:56,080 --> 00:02:58,600 Speaker 1: and over and over at the Bitcoin conference was all 57 00:02:58,600 --> 00:03:01,000 Speaker 1: these speakers kept talking about we gotta push adoption, we 58 00:03:01,040 --> 00:03:03,519 Speaker 1: gotta push adoption, we gotta push adoption. And I said, 59 00:03:03,560 --> 00:03:06,840 Speaker 1: my my unpopular opinion is that we don't. We don't 60 00:03:06,960 --> 00:03:11,480 Speaker 1: have to push adoption, UM, because we don't need mass adoption. 61 00:03:11,639 --> 00:03:15,000 Speaker 1: At some point. People will come in when they need it, 62 00:03:15,680 --> 00:03:18,040 Speaker 1: but that we don't need to push for that. UM. 63 00:03:18,120 --> 00:03:22,040 Speaker 1: And so an example of that would be UM in 64 00:03:22,080 --> 00:03:25,680 Speaker 1: the nineties, there was no such thing as cell phones really, 65 00:03:26,280 --> 00:03:30,040 Speaker 1: but there was some Wall Street traders and investors that 66 00:03:30,080 --> 00:03:31,360 Speaker 1: had a lot of money, and they had a lot 67 00:03:31,400 --> 00:03:35,120 Speaker 1: of money writing on their every move, and so they 68 00:03:35,400 --> 00:03:38,360 Speaker 1: were able to spend a lot of money to build 69 00:03:38,520 --> 00:03:40,120 Speaker 1: a mobile phone. And it was like a big old 70 00:03:40,160 --> 00:03:42,400 Speaker 1: box right at the probably fifty dollars or whatever for 71 00:03:42,440 --> 00:03:45,640 Speaker 1: this big old box of a phone. And they got 72 00:03:45,680 --> 00:03:49,520 Speaker 1: those phones because they needed them. They had an urgent 73 00:03:49,720 --> 00:03:53,400 Speaker 1: need for that um technology. But we didn't have to 74 00:03:53,520 --> 00:03:56,680 Speaker 1: push for mainstream adoption for phones. We didn't need the 75 00:03:56,680 --> 00:03:58,920 Speaker 1: whole world everyone needs a phone. Go, everyone got the phone. 76 00:03:58,920 --> 00:04:01,480 Speaker 1: We we didn't need to do that. They needed it, 77 00:04:01,640 --> 00:04:03,720 Speaker 1: there was a need for it, and then buy them. 78 00:04:03,720 --> 00:04:06,800 Speaker 1: Pioneering that and spending that money. Then eventually we got 79 00:04:06,800 --> 00:04:09,440 Speaker 1: phones for um I don't know, forty thousand and thirty 80 00:04:09,440 --> 00:04:12,360 Speaker 1: thousand and twenty thousand and five thousand, and eventually now 81 00:04:12,480 --> 00:04:16,640 Speaker 1: they're down to where everybody can afford them. And then 82 00:04:16,760 --> 00:04:18,800 Speaker 1: everyone in the United States got a phone, which then 83 00:04:18,839 --> 00:04:21,920 Speaker 1: made them cheap enough, which then people in Africa were 84 00:04:21,920 --> 00:04:24,080 Speaker 1: able to get phones, and so we don't have to 85 00:04:24,120 --> 00:04:27,680 Speaker 1: push for adoption. Uh. And there's and That's one of 86 00:04:27,680 --> 00:04:29,480 Speaker 1: these why not everybody needs at the beginning. The other 87 00:04:29,520 --> 00:04:31,520 Speaker 1: reason why is as I kind of made the case 88 00:04:31,640 --> 00:04:33,400 Speaker 1: when I was working at the event, and I'm gonna 89 00:04:33,400 --> 00:04:34,920 Speaker 1: get into some of the inside details, some of the 90 00:04:35,000 --> 00:04:37,680 Speaker 1: juicy details, like I said, of of of an inside 91 00:04:37,680 --> 00:04:40,839 Speaker 1: of the parties and the speakers and whatnot. But another 92 00:04:40,839 --> 00:04:44,200 Speaker 1: thing that I was saying is that, um, something like 93 00:04:44,960 --> 00:04:46,839 Speaker 1: I didn't look it up a forehead, but something like 94 00:04:47,560 --> 00:04:53,280 Speaker 1: Americans today don't even have four hundred dollars saved up 95 00:04:53,560 --> 00:04:56,359 Speaker 1: for an emergency expense. They don't even have that for savings. 96 00:04:57,680 --> 00:05:02,120 Speaker 1: Those people, they don't need to worry about bitcoin or cryptocurrency. 97 00:05:02,240 --> 00:05:05,440 Speaker 1: I don't need to push those people to adopt bitcoin 98 00:05:05,480 --> 00:05:08,799 Speaker 1: or cryptocurrency. They're not even saving, they have nothing. Those 99 00:05:08,800 --> 00:05:11,760 Speaker 1: people should be focused on making more money. That's what 100 00:05:11,800 --> 00:05:14,159 Speaker 1: they should be focused on. How can they make more money, 101 00:05:14,240 --> 00:05:16,120 Speaker 1: How can they cut their expenses, how can they get 102 00:05:16,160 --> 00:05:18,240 Speaker 1: to a point where they're saving. And then at that 103 00:05:18,240 --> 00:05:20,279 Speaker 1: point when they're saving money, then of course, hey, do 104 00:05:20,279 --> 00:05:22,520 Speaker 1: you understand what's happening to your savings? They're losing value 105 00:05:22,520 --> 00:05:24,960 Speaker 1: every year. Maybe you should buy bitcoin, cryptocind everything like that. 106 00:05:25,000 --> 00:05:27,400 Speaker 1: But those people don't need to worry about So My 107 00:05:27,440 --> 00:05:30,239 Speaker 1: point is we don't need to push for adoption. Um 108 00:05:30,279 --> 00:05:32,720 Speaker 1: it's in marketing. We would say that it's much easier 109 00:05:32,760 --> 00:05:37,159 Speaker 1: to sell food to someone who's starving then to first 110 00:05:37,279 --> 00:05:40,280 Speaker 1: convince them that they're starving and then try to sell 111 00:05:40,320 --> 00:05:43,960 Speaker 1: them food. If someone was drowning in a lake and 112 00:05:44,000 --> 00:05:46,839 Speaker 1: there was a floatation device right next to them, I 113 00:05:46,880 --> 00:05:49,800 Speaker 1: wouldn't have to convince them why they should grab that 114 00:05:49,839 --> 00:05:53,280 Speaker 1: flotation device. They would just know the urgency would be 115 00:05:53,360 --> 00:05:57,760 Speaker 1: so high that they would just grab it. And so again, 116 00:05:58,560 --> 00:06:01,520 Speaker 1: at some point, everybody will know why they need it. 117 00:06:01,560 --> 00:06:03,919 Speaker 1: I don't need to convince people today why they need it. 118 00:06:03,960 --> 00:06:08,720 Speaker 1: In Venezuela, where the currency is blowing up by tent 119 00:06:09,279 --> 00:06:11,240 Speaker 1: literally you have to get paid multiple times a day 120 00:06:11,279 --> 00:06:13,040 Speaker 1: to go buy your goods because prices are going up 121 00:06:13,040 --> 00:06:15,640 Speaker 1: so fast, you don't have to convince them why they 122 00:06:15,720 --> 00:06:18,159 Speaker 1: need to put their money into something else. They already know. 123 00:06:19,080 --> 00:06:21,000 Speaker 1: If you were in Canada a couple of weeks ago 124 00:06:21,080 --> 00:06:23,559 Speaker 1: or a month ago, when people's bank accounts were getting 125 00:06:23,560 --> 00:06:25,400 Speaker 1: frozen and they're being kicked out of the financial system, 126 00:06:25,600 --> 00:06:27,480 Speaker 1: you didn't have to go convince them why they should 127 00:06:27,520 --> 00:06:29,800 Speaker 1: get out of that money. They already knew the urgency 128 00:06:29,800 --> 00:06:32,120 Speaker 1: wasn't high enough, and so we don't need to push 129 00:06:32,600 --> 00:06:36,920 Speaker 1: UH for um mass adoption. Everybody will come in at 130 00:06:36,920 --> 00:06:38,840 Speaker 1: the point when they feel the urgency to do that. 131 00:06:39,120 --> 00:06:40,600 Speaker 1: You know, I also say that, like, I'm a big 132 00:06:40,600 --> 00:06:43,680 Speaker 1: believer in chiropractic. I've gone to chiropractic most of my life. 133 00:06:43,720 --> 00:06:45,720 Speaker 1: I love it, I believe in it. But even for 134 00:06:45,839 --> 00:06:47,359 Speaker 1: someone like me who believes it, and I know a 135 00:06:47,360 --> 00:06:49,200 Speaker 1: lot of you are thinking I'm crazy and you don't 136 00:06:49,200 --> 00:06:51,800 Speaker 1: believe it, and that's okay, UM, But even for someone 137 00:06:51,839 --> 00:06:55,440 Speaker 1: like me who does, I typically don't go and tell 138 00:06:55,480 --> 00:06:57,960 Speaker 1: them in pain. And that's that urgency part that I'm 139 00:06:58,000 --> 00:07:02,360 Speaker 1: talking about. UM. And so in bitcoin we might say 140 00:07:02,400 --> 00:07:07,840 Speaker 1: that everybody will buy at the price they deserve, and 141 00:07:07,880 --> 00:07:10,000 Speaker 1: so you cannot buy today, and that's fine. I don't 142 00:07:10,000 --> 00:07:12,280 Speaker 1: need to convince you of that, UM. But at some 143 00:07:12,320 --> 00:07:14,600 Speaker 1: point you're going to see that sense of urgency. At 144 00:07:14,600 --> 00:07:17,240 Speaker 1: some point you're gonna realize like, oh shoot, I need 145 00:07:17,280 --> 00:07:20,520 Speaker 1: to do something, and you'll just have to pay at 146 00:07:20,560 --> 00:07:23,440 Speaker 1: that price. And some of you will catch on sooner 147 00:07:23,480 --> 00:07:27,720 Speaker 1: because you're paying attention, UM, because you see opportunities or 148 00:07:27,760 --> 00:07:30,160 Speaker 1: whatever it may be. UM, and you can get in 149 00:07:30,400 --> 00:07:32,720 Speaker 1: at a lower price. UM. And that's just how it is, 150 00:07:32,800 --> 00:07:35,520 Speaker 1: and it's not it's not mean, it's just the way 151 00:07:35,520 --> 00:07:37,720 Speaker 1: it is now. Of course, I'm doing my part um 152 00:07:37,760 --> 00:07:40,680 Speaker 1: here each and every week trying to explain this to 153 00:07:40,680 --> 00:07:42,560 Speaker 1: you so you don't get left behind, so you can 154 00:07:42,600 --> 00:07:44,800 Speaker 1: buy in earlier than everybody else. And by the way, 155 00:07:44,880 --> 00:07:47,760 Speaker 1: if you haven't already, make sure to bookmark this day 156 00:07:47,760 --> 00:07:49,600 Speaker 1: and time to join me each and every week. So 157 00:07:49,920 --> 00:07:51,920 Speaker 1: if you're not driving, pull at your phone, put a 158 00:07:51,960 --> 00:07:54,440 Speaker 1: calendar reminder to join me on this channel at this 159 00:07:54,520 --> 00:07:56,840 Speaker 1: time each and every week, so I can explain to 160 00:07:56,880 --> 00:07:59,240 Speaker 1: you what's going on with bitcoin and cryptocurrencies in this 161 00:07:59,400 --> 00:08:04,360 Speaker 1: decentral revolution. Because everybody will get in at some point, 162 00:08:05,320 --> 00:08:06,760 Speaker 1: it's just at what point are you going to get in? 163 00:08:07,880 --> 00:08:11,200 Speaker 1: And so UM. With investing, we always have to have 164 00:08:11,200 --> 00:08:14,880 Speaker 1: an edge. If you don't have an edge with investing, 165 00:08:14,920 --> 00:08:17,119 Speaker 1: then I'm sorry. If you don't know what your edge 166 00:08:17,160 --> 00:08:20,280 Speaker 1: is with investing, that means you don't have one. And 167 00:08:20,320 --> 00:08:22,880 Speaker 1: so if you have information that most people don't have, 168 00:08:22,960 --> 00:08:24,200 Speaker 1: like if you listen to me each and every week 169 00:08:24,200 --> 00:08:26,480 Speaker 1: and you have that information, then you'll have an edge. 170 00:08:27,360 --> 00:08:31,440 Speaker 1: Now to illustrate this, I'm going to UM bring on 171 00:08:31,440 --> 00:08:34,000 Speaker 1: a special guest, and I want to bring on a 172 00:08:34,040 --> 00:08:38,920 Speaker 1: special guest, very special guests. I'm talking about my daughter, 173 00:08:39,520 --> 00:08:43,880 Speaker 1: La Moss, and she just turned thirteen. She's in middle school, 174 00:08:44,520 --> 00:08:48,320 Speaker 1: and we're going to find out, UM, what people in 175 00:08:48,360 --> 00:08:52,040 Speaker 1: middle school have been taught about money, UM, and what 176 00:08:52,080 --> 00:08:54,760 Speaker 1: they think about bitcoin, and we'll start to see what 177 00:08:54,920 --> 00:08:57,560 Speaker 1: this urgency is like. UM. So I want to ask 178 00:08:57,559 --> 00:08:59,880 Speaker 1: her some questions. He's super embarrassed, but everyone's gonna welcome 179 00:08:59,880 --> 00:09:03,240 Speaker 1: her and give her a good reception. Here in a second. 180 00:09:03,600 --> 00:09:05,480 Speaker 1: By the way, you're listening to the Mark ma Show. 181 00:09:05,480 --> 00:09:09,040 Speaker 1: Of course, we're talking about bitcoin, cryptocurrencies, the decentralized revolution. 182 00:09:09,040 --> 00:09:11,920 Speaker 1: We're talking about the intersection of politics, finance, and technology, 183 00:09:12,120 --> 00:09:14,079 Speaker 1: so we can put everything that we're seeing in the 184 00:09:14,120 --> 00:09:17,480 Speaker 1: world into context today so we can navigate it correctly. 185 00:09:17,520 --> 00:09:19,640 Speaker 1: Like I said, everyone's going to get in eventually, but 186 00:09:19,720 --> 00:09:21,160 Speaker 1: at the price they deserve, and I want you to 187 00:09:21,200 --> 00:09:22,599 Speaker 1: get in earlier. That's why I'm trying to give you the 188 00:09:22,559 --> 00:09:25,480 Speaker 1: the information that you need. I'm gonna be back with her, UM, 189 00:09:25,520 --> 00:09:27,040 Speaker 1: We're gonna talk about that for a couple of minutes, 190 00:09:27,040 --> 00:09:28,319 Speaker 1: and then we're gonna say it. Like I said, I'm 191 00:09:28,320 --> 00:09:30,640 Speaker 1: gonna talk to the I'm gonna give you the behind 192 00:09:30,760 --> 00:09:33,480 Speaker 1: the scenes access to the Bitcoin conference. Um, you can 193 00:09:33,480 --> 00:09:35,040 Speaker 1: only get it here. Don't go away, I'll bear it back. 194 00:09:35,440 --> 00:09:37,800 Speaker 1: All right, Welcome back. You're listening to the Mark Mass Show, 195 00:09:37,840 --> 00:09:41,320 Speaker 1: where we're talking about bitcoin and cryptocurrencies and the decentralized 196 00:09:41,360 --> 00:09:44,479 Speaker 1: revolution the world is going through. Talking about the intersection 197 00:09:44,520 --> 00:09:48,560 Speaker 1: of politics, technology, and finance. You have to understand all three. 198 00:09:48,960 --> 00:09:51,959 Speaker 1: You can't just focus on politics or just finance because 199 00:09:51,960 --> 00:09:54,480 Speaker 1: you won't understand the greater context of what's going on 200 00:09:54,520 --> 00:09:56,520 Speaker 1: and of course how you should navigate through that. I 201 00:09:56,640 --> 00:09:58,160 Speaker 1: told you before the break that I want to talk 202 00:09:58,200 --> 00:10:01,920 Speaker 1: to you about what happened at world's largest bitcoin meeting 203 00:10:02,000 --> 00:10:04,480 Speaker 1: last week in Miami. I'm talking about the Bitcoin Conference. 204 00:10:04,480 --> 00:10:07,520 Speaker 1: About thirty thousand people were there. I was there as 205 00:10:07,559 --> 00:10:09,839 Speaker 1: an insider, as a speaker on the main stage. I 206 00:10:09,880 --> 00:10:12,400 Speaker 1: got access to everything behind the scenes, including the parties 207 00:10:12,400 --> 00:10:14,160 Speaker 1: and the meetings and so forth. I want to give 208 00:10:14,160 --> 00:10:17,559 Speaker 1: you the nitty gritty details that only I got access to, 209 00:10:17,600 --> 00:10:19,120 Speaker 1: but I'm gonna share them with you. Don't worry about 210 00:10:19,120 --> 00:10:21,080 Speaker 1: that before we do. I got a special guest with 211 00:10:21,120 --> 00:10:25,200 Speaker 1: me here. I'm talking about my daughter, La Moss. Hey, Ella, 212 00:10:26,960 --> 00:10:30,200 Speaker 1: so Ell has never been on the radio before. And uh, 213 00:10:30,360 --> 00:10:32,520 Speaker 1: she's a little bit of afraid. That's okay, no one's 214 00:10:32,559 --> 00:10:35,000 Speaker 1: gonna be mean to her. And I just wanted to 215 00:10:35,000 --> 00:10:39,800 Speaker 1: bring her on. She's here, and uh, just let's get 216 00:10:39,840 --> 00:10:44,160 Speaker 1: a let's get a middle schoolers perspective. Now. Henry Ford 217 00:10:44,200 --> 00:10:46,880 Speaker 1: said over a hundred years ago that if the American 218 00:10:46,920 --> 00:10:49,839 Speaker 1: people knew how the banking system worked, there would be 219 00:10:49,920 --> 00:10:53,840 Speaker 1: a revolution before the morning. Now there's a reason why 220 00:10:53,840 --> 00:10:56,240 Speaker 1: nobody knows how the money system works, and that's because 221 00:10:56,480 --> 00:10:58,160 Speaker 1: they don't want you to know, because there would be 222 00:10:58,200 --> 00:11:01,800 Speaker 1: a revolution before the morning. So Ella, first thing I 223 00:11:01,840 --> 00:11:08,320 Speaker 1: would ask you is, um, do you know what money is? Yes? Okay, 224 00:11:08,360 --> 00:11:11,319 Speaker 1: So what is money? Money is a way of paying 225 00:11:11,360 --> 00:11:17,320 Speaker 1: for things, a way to pay for things. So we 226 00:11:17,400 --> 00:11:20,760 Speaker 1: call money like a medium of exchange. So you're exchanging 227 00:11:21,080 --> 00:11:23,679 Speaker 1: the money for the good or service that you want. Right. 228 00:11:24,840 --> 00:11:27,560 Speaker 1: And then if you wanted to sell something, like if 229 00:11:27,600 --> 00:11:29,600 Speaker 1: you if you had like some old clothes or like 230 00:11:29,640 --> 00:11:32,000 Speaker 1: your old bicycle, you want to sell what, you would 231 00:11:32,000 --> 00:11:35,520 Speaker 1: sell it for money? So you're exchanging that thing for money. 232 00:11:36,520 --> 00:11:41,360 Speaker 1: So money is a medium of exchange. Have you noticed 233 00:11:41,400 --> 00:11:45,040 Speaker 1: that the prices of everything seems to be getting very expensive. 234 00:11:45,080 --> 00:11:49,440 Speaker 1: Everything's going higher and higher and higher. You've noticed that. 235 00:11:50,520 --> 00:11:52,000 Speaker 1: Of course, you just pay with my credit card, so 236 00:11:52,000 --> 00:11:53,840 Speaker 1: you don't really notice it, but you see it. Right. 237 00:11:55,600 --> 00:11:57,760 Speaker 1: Do you know why the prices of everything are going 238 00:11:57,800 --> 00:12:03,880 Speaker 1: so high? Right now? Um? Yeah? Um? The people running it? 239 00:12:04,240 --> 00:12:09,880 Speaker 1: And also what's it called supply and demand? Supply demand? 240 00:12:09,880 --> 00:12:11,720 Speaker 1: Now she has a little bit of a head start 241 00:12:11,760 --> 00:12:13,760 Speaker 1: because she's my daughter and she hears me talk about 242 00:12:13,760 --> 00:12:15,760 Speaker 1: these things sometimes. Of course, every time I try and 243 00:12:15,800 --> 00:12:17,640 Speaker 1: talk about it at at the kitchen table, she rolls 244 00:12:17,679 --> 00:12:19,280 Speaker 1: her eyes and says, ah, Dad, I don't want to 245 00:12:19,280 --> 00:12:22,840 Speaker 1: hear it anymore. Um, supplying demand. So what is supplying demand? 246 00:12:24,160 --> 00:12:29,360 Speaker 1: It's it's the people that want to buy things and 247 00:12:30,400 --> 00:12:33,480 Speaker 1: there's not enough, so it goes higher up in price. 248 00:12:34,080 --> 00:12:37,000 Speaker 1: I don't think that was not really good explanation. So 249 00:12:37,280 --> 00:12:41,520 Speaker 1: if you have more people wanting to buy something than 250 00:12:41,559 --> 00:12:44,480 Speaker 1: there are things available, So if there was ten people 251 00:12:44,559 --> 00:12:48,440 Speaker 1: trying to buy one house, what would happen? The price 252 00:12:48,480 --> 00:12:50,240 Speaker 1: would go higher, The price of the house would go higher, 253 00:12:50,280 --> 00:12:52,880 Speaker 1: why because more people want it? Okay, what if there 254 00:12:52,960 --> 00:12:55,719 Speaker 1: was ten houses for sale but only one buyer, the 255 00:12:55,840 --> 00:12:59,360 Speaker 1: prices would go down. The prices would go down. So 256 00:12:59,760 --> 00:13:02,040 Speaker 1: that's supply and demand. So you can listen to these 257 00:13:02,720 --> 00:13:05,280 Speaker 1: economists and they can make this super complex about the 258 00:13:05,280 --> 00:13:07,960 Speaker 1: financial system and the interest rates and the yield curve controls, 259 00:13:07,960 --> 00:13:10,600 Speaker 1: and they can talk about the bond rates and all 260 00:13:10,679 --> 00:13:13,480 Speaker 1: these things, but just know that all prices are always 261 00:13:13,480 --> 00:13:16,520 Speaker 1: going to be driven by supply and demand. Okay, So 262 00:13:16,840 --> 00:13:19,120 Speaker 1: if supply and demand is driving prices and the prices 263 00:13:19,120 --> 00:13:22,680 Speaker 1: of things are going higher than what's happening, it's going 264 00:13:22,880 --> 00:13:26,320 Speaker 1: the prices going on there's more demand than there are prices, 265 00:13:26,400 --> 00:13:30,839 Speaker 1: right or goods, goods and services, so, um, the things 266 00:13:30,840 --> 00:13:33,360 Speaker 1: that you want to buy, your your new bicycle that 267 00:13:33,360 --> 00:13:35,800 Speaker 1: we got you, or the food that you went and 268 00:13:35,840 --> 00:13:38,600 Speaker 1: got earlier this morning, they got more expensive because we 269 00:13:38,679 --> 00:13:41,800 Speaker 1: have more people wanting to buy those things than there 270 00:13:41,840 --> 00:13:45,640 Speaker 1: are of those things available. Right now. We can get 271 00:13:45,640 --> 00:13:48,360 Speaker 1: we can get complicated. So why are there not enough 272 00:13:48,400 --> 00:13:50,760 Speaker 1: of those things? Well, there's a bunch of reasons, and 273 00:13:50,800 --> 00:13:53,199 Speaker 1: so they can say, well, it's about supply chains, that's 274 00:13:53,200 --> 00:13:56,840 Speaker 1: the problem. They can't get enough goods and services to us. Okay, 275 00:13:56,880 --> 00:14:00,000 Speaker 1: but but why we used to get enough goods and services. 276 00:14:00,360 --> 00:14:04,520 Speaker 1: Why not today? Well, that's because we have more demand 277 00:14:04,559 --> 00:14:05,920 Speaker 1: than we used to have. And why do we have 278 00:14:05,920 --> 00:14:09,120 Speaker 1: more demand, Well, because they printed a bunch of money. 279 00:14:09,160 --> 00:14:12,120 Speaker 1: So back to supply and demand. If they if we 280 00:14:12,160 --> 00:14:15,320 Speaker 1: have a limited amount of money, that money is has 281 00:14:15,360 --> 00:14:18,280 Speaker 1: a certain value. But if they print way more money, 282 00:14:18,720 --> 00:14:22,920 Speaker 1: what happens value? Oh, look at that. See it went 283 00:14:23,040 --> 00:14:26,080 Speaker 1: down in value. So it's not that prices are getting 284 00:14:26,120 --> 00:14:29,400 Speaker 1: more expensive. It's that our money is losing value. Even 285 00:14:29,960 --> 00:14:32,280 Speaker 1: even a thirteen year old got that. So it's not 286 00:14:32,320 --> 00:14:34,080 Speaker 1: that things are getting more expensive. Is that our money 287 00:14:34,200 --> 00:14:37,680 Speaker 1: is losing value and that's why it takes more dollars 288 00:14:37,720 --> 00:14:41,080 Speaker 1: to buy those things. Now, let me ask you a 289 00:14:41,080 --> 00:14:44,680 Speaker 1: simple question. Um, you've done a pretty good job of 290 00:14:44,720 --> 00:14:47,720 Speaker 1: saving money. I think it's in your wallet's stuck stuck 291 00:14:47,720 --> 00:14:51,800 Speaker 1: in my safe somewhere. Right, would you rather that money 292 00:14:51,840 --> 00:14:54,640 Speaker 1: that you have saved up? Would you rather that money 293 00:14:54,640 --> 00:14:59,560 Speaker 1: buy you more goods and services in the future or less? Yeah, 294 00:14:59,640 --> 00:15:03,040 Speaker 1: you'd rather to have it more? Right? You don't want less? No, 295 00:15:03,160 --> 00:15:05,640 Speaker 1: I don't want less, right, And I would think everybody 296 00:15:05,640 --> 00:15:08,640 Speaker 1: would want their money that they've been working and saving 297 00:15:08,720 --> 00:15:10,720 Speaker 1: for their whole life, and so at some point you're 298 00:15:10,720 --> 00:15:12,680 Speaker 1: gonna want to retire on your savings. You would want 299 00:15:12,720 --> 00:15:16,920 Speaker 1: that to buy you more goods and services. Simple. But 300 00:15:17,000 --> 00:15:20,440 Speaker 1: if they keep printing more money and the money keeps 301 00:15:20,480 --> 00:15:24,600 Speaker 1: losing its value, then that money is going to be 302 00:15:24,640 --> 00:15:26,720 Speaker 1: worth it's going to buy you less goods and services. 303 00:15:26,760 --> 00:15:29,840 Speaker 1: That's not what you want right now. Um, there's a 304 00:15:29,880 --> 00:15:32,800 Speaker 1: couple of guys over in Washington, d C. They decide 305 00:15:32,800 --> 00:15:36,320 Speaker 1: if they want to print more money, and you don't 306 00:15:36,320 --> 00:15:38,200 Speaker 1: have any say over it. They just print as much 307 00:15:38,200 --> 00:15:39,480 Speaker 1: as they want whenever they want, and they put it 308 00:15:39,520 --> 00:15:41,000 Speaker 1: in their own bank accounts and they get to buy 309 00:15:41,040 --> 00:15:44,400 Speaker 1: whatever they want with it. Does that seem fair? So 310 00:15:44,440 --> 00:15:46,680 Speaker 1: these guys can artificial They can just print more money 311 00:15:46,680 --> 00:15:48,560 Speaker 1: whenever they want. They can go buy whatever stuff they 312 00:15:48,600 --> 00:15:50,800 Speaker 1: want with that money they gave themselves. But when they 313 00:15:50,840 --> 00:15:53,200 Speaker 1: did that, it made all your money that you have 314 00:15:53,280 --> 00:15:57,520 Speaker 1: saved in my safe buy less goods and services. So 315 00:15:57,560 --> 00:16:01,320 Speaker 1: they stole you're purchasing power, or they stole money from you, 316 00:16:03,160 --> 00:16:05,240 Speaker 1: and they bought stuff with the money they stole from you. 317 00:16:06,120 --> 00:16:09,360 Speaker 1: Does that sound fair? If you could, would you want 318 00:16:09,400 --> 00:16:12,320 Speaker 1: to change that? What would you want to do? Like 319 00:16:12,400 --> 00:16:14,800 Speaker 1: make it where they couldn't do that? Yeah, and some 320 00:16:14,960 --> 00:16:17,720 Speaker 1: money stays the same word. Yeah, and they didn't just 321 00:16:17,760 --> 00:16:20,160 Speaker 1: steal it by printing more and going and spending stuff. Right. 322 00:16:21,840 --> 00:16:24,000 Speaker 1: Do you think if if the average people understood that 323 00:16:24,080 --> 00:16:26,200 Speaker 1: guys in Washington and Critical print a bunch of money 324 00:16:26,200 --> 00:16:27,800 Speaker 1: and buy a bunch of things for themselves and that 325 00:16:28,200 --> 00:16:30,680 Speaker 1: literally stole money out of your safe, they'd be okay 326 00:16:30,720 --> 00:16:35,000 Speaker 1: with that? They wouldn't, would they? That goes back to 327 00:16:35,360 --> 00:16:37,080 Speaker 1: the quote, like I said, Henry Ford said, if people 328 00:16:37,120 --> 00:16:39,200 Speaker 1: understood how it worked, there would be a revolution, Like 329 00:16:39,560 --> 00:16:42,520 Speaker 1: you'd want to change that? Right? Like do you think 330 00:16:42,520 --> 00:16:44,880 Speaker 1: it's crazy that they don't teach you that in school? Yeah? 331 00:16:47,200 --> 00:16:50,800 Speaker 1: What do they teach you about money in school? Not 332 00:16:51,000 --> 00:16:53,280 Speaker 1: a lot. Have they hught you anything about money? Not 333 00:16:53,400 --> 00:16:57,040 Speaker 1: really like anything at all. Have you learned about like 334 00:16:57,080 --> 00:17:03,960 Speaker 1: the history of money? No, so nothing you can think of. Yeah, 335 00:17:04,000 --> 00:17:06,199 Speaker 1: well there you heard it. You heard it from a 336 00:17:06,200 --> 00:17:09,719 Speaker 1: middle school. So this is someone that's growing up in 337 00:17:09,720 --> 00:17:12,359 Speaker 1: a middle school there, in middle school in junior high 338 00:17:12,520 --> 00:17:15,160 Speaker 1: and that's what they know. So that's a little illustration 339 00:17:15,160 --> 00:17:16,800 Speaker 1: and That kind of goes back to why we're not 340 00:17:16,840 --> 00:17:20,280 Speaker 1: pushing from mainstream adoption. Most people have no idea they 341 00:17:20,320 --> 00:17:22,960 Speaker 1: we don't. We have first let them know there's a problem. 342 00:17:23,000 --> 00:17:26,119 Speaker 1: So back to trying to convince someone they're starving. First, 343 00:17:26,200 --> 00:17:28,439 Speaker 1: I'd have to first convince Ella that is she's starving. 344 00:17:28,520 --> 00:17:31,280 Speaker 1: Convince her that there's this massive problem with the financial system. 345 00:17:31,400 --> 00:17:34,000 Speaker 1: And then maybe if she gets that, then maybe she'd 346 00:17:34,000 --> 00:17:37,760 Speaker 1: be willing to find the solution. Right, And that's exactly 347 00:17:37,800 --> 00:17:39,000 Speaker 1: where right, and that's why we're not trying to push 348 00:17:39,000 --> 00:17:41,840 Speaker 1: for mainstream adoption. However, you are listening to me right now, 349 00:17:41,840 --> 00:17:44,439 Speaker 1: so you have this head start and so you're getting 350 00:17:44,480 --> 00:17:46,879 Speaker 1: this And that is back to what I said earlier. 351 00:17:46,920 --> 00:17:49,240 Speaker 1: That is your edge. You have a chance to front 352 00:17:49,320 --> 00:17:52,439 Speaker 1: run Most people like Ella are older than Ella, but 353 00:17:52,480 --> 00:17:55,359 Speaker 1: have never learned about the financial system. Now, um, hopefully 354 00:17:55,440 --> 00:17:56,960 Speaker 1: that made sense, and I just wanted to kind of 355 00:17:57,000 --> 00:17:59,040 Speaker 1: bring that in. She's here in the studio with me 356 00:17:59,119 --> 00:18:01,480 Speaker 1: today and coming back from the Bitcoin conference, that was 357 00:18:01,480 --> 00:18:03,200 Speaker 1: one of the big takeaways that I had. Now coming back, 358 00:18:03,200 --> 00:18:04,840 Speaker 1: I'm gonna go back and I'm gonna tell you about 359 00:18:04,840 --> 00:18:06,880 Speaker 1: the parties. I'm gonna tell you about the late night parties. 360 00:18:06,880 --> 00:18:08,920 Speaker 1: I'm gonna tell you about what happened behind the scenes 361 00:18:09,240 --> 00:18:12,280 Speaker 1: backstage in the speaker room, who I got to meet, 362 00:18:12,440 --> 00:18:14,119 Speaker 1: and so much more. Don't go away, I'm gonna be 363 00:18:14,200 --> 00:18:16,600 Speaker 1: right back, all right, Welcome back. You are listening to 364 00:18:16,720 --> 00:18:19,640 Speaker 1: the Mark Moa Show. We're talking about bitcoin. We're talking 365 00:18:19,640 --> 00:18:22,919 Speaker 1: about cryptocurrencies. We're talking about the decentralized revolution. We're talking 366 00:18:22,920 --> 00:18:26,000 Speaker 1: about the intersection of politics, finance, and technology, how they 367 00:18:26,080 --> 00:18:30,040 Speaker 1: all three come together and create this massive change into 368 00:18:30,080 --> 00:18:33,080 Speaker 1: what we are seeing right now. Before the break, I 369 00:18:33,119 --> 00:18:35,760 Speaker 1: talked about I was talking about some of this. Just 370 00:18:35,800 --> 00:18:39,679 Speaker 1: got back from the Bitcoin Conference, the largest bitcoin kind 371 00:18:39,680 --> 00:18:42,040 Speaker 1: of cryptocurrency gathering in the world. There was about thirty 372 00:18:42,080 --> 00:18:44,800 Speaker 1: thousand people that showed up in Miami, Florida. I did 373 00:18:45,080 --> 00:18:47,879 Speaker 1: broadcast live from there last week with a couple of 374 00:18:47,920 --> 00:18:49,840 Speaker 1: interviews with some people that I had grabbed from around 375 00:18:49,840 --> 00:18:53,480 Speaker 1: the conference. Hopefully enjoyed that, UM and I want to 376 00:18:53,520 --> 00:18:56,000 Speaker 1: give you some of the behind the scenes takes that 377 00:18:56,080 --> 00:18:58,600 Speaker 1: I had. As I said before the break, I was 378 00:18:58,640 --> 00:19:01,400 Speaker 1: talking about why they was just everyone was talking about 379 00:19:01,400 --> 00:19:03,399 Speaker 1: this big push. We have to have this push, push push. 380 00:19:03,520 --> 00:19:05,520 Speaker 1: We need mainstream adoption and I said, well, we don't 381 00:19:05,520 --> 00:19:07,239 Speaker 1: really and one of the reasons why we don't need 382 00:19:07,240 --> 00:19:09,720 Speaker 1: it is because most people have no idea that why 383 00:19:09,800 --> 00:19:11,880 Speaker 1: we would even need it. And so I just had 384 00:19:11,960 --> 00:19:14,919 Speaker 1: my daughter on lamas just to kind of show you 385 00:19:14,920 --> 00:19:17,400 Speaker 1: what what a junior hire knows about money. And this 386 00:19:17,480 --> 00:19:20,359 Speaker 1: is someone who who lives in my house and listens 387 00:19:20,400 --> 00:19:23,120 Speaker 1: to me talk all the time and has read and 388 00:19:23,119 --> 00:19:26,360 Speaker 1: watched many videos. Um, and that's still where she's at. 389 00:19:26,400 --> 00:19:29,160 Speaker 1: So just imagine that the rest of the kids probably 390 00:19:29,200 --> 00:19:31,200 Speaker 1: sekew a little bit less than that. I guess was 391 00:19:31,280 --> 00:19:34,199 Speaker 1: my guest. But um, act to the bigcoin conference. So 392 00:19:34,400 --> 00:19:36,200 Speaker 1: um yeah, the largest crowd, right, like I said, about 393 00:19:36,200 --> 00:19:39,160 Speaker 1: thirty thousand people. Was was pretty amazing to be there. Now, 394 00:19:39,200 --> 00:19:42,879 Speaker 1: what's interesting about going there is that, you know, what 395 00:19:42,920 --> 00:19:45,280 Speaker 1: mainstream media wants to tell us today is that we 396 00:19:45,400 --> 00:19:50,639 Speaker 1: align on identity identity politics. You're black, you're white, you're Mexican, 397 00:19:50,720 --> 00:19:53,640 Speaker 1: your woman, your male, your whatever sex you are. Your 398 00:19:53,680 --> 00:19:56,760 Speaker 1: preference is this, you're gay, y're straight, whatever? Right, um, 399 00:19:56,840 --> 00:19:59,159 Speaker 1: your religion, this religion, that whatever, And they wanted to 400 00:19:59,160 --> 00:20:04,240 Speaker 1: divide us into all these different identities. Identity politics is 401 00:20:04,240 --> 00:20:07,520 Speaker 1: what we call it, and that's wrong. It's not the 402 00:20:07,640 --> 00:20:09,600 Speaker 1: way that the world works. It's not the way that 403 00:20:09,640 --> 00:20:12,840 Speaker 1: we identify. It's not the way that we align. We 404 00:20:12,920 --> 00:20:16,640 Speaker 1: align on shared values. That's what we align in. Now 405 00:20:16,840 --> 00:20:19,320 Speaker 1: when we at try to try to divide people by identities, 406 00:20:19,320 --> 00:20:22,440 Speaker 1: the problem is is that we're lots of things. So like, um, well, 407 00:20:22,560 --> 00:20:25,320 Speaker 1: I guess I belong in the Mail group. Um, I 408 00:20:25,359 --> 00:20:28,439 Speaker 1: also belong in the California group. Can I belong in 409 00:20:28,480 --> 00:20:30,359 Speaker 1: the mail and the California group at the same time. 410 00:20:30,400 --> 00:20:32,040 Speaker 1: I'm also a surfer? Do I also align in the 411 00:20:32,040 --> 00:20:33,960 Speaker 1: surfer group? So now I'm a surfer and I'm a 412 00:20:33,960 --> 00:20:37,280 Speaker 1: California emin a mail So which one do I belong in? Right? 413 00:20:37,320 --> 00:20:39,680 Speaker 1: And so we start trying to like break people up, 414 00:20:39,720 --> 00:20:42,679 Speaker 1: but like I can belong to multiple different identities at 415 00:20:42,720 --> 00:20:45,359 Speaker 1: the same time. And so what really happens is we 416 00:20:45,400 --> 00:20:49,480 Speaker 1: align based off of values. And then values would be 417 00:20:49,520 --> 00:20:57,080 Speaker 1: things like I value freedom. For example, I value UM, honesty, 418 00:20:57,200 --> 00:21:00,199 Speaker 1: I value transparency. I value these types of things. Right, 419 00:21:00,280 --> 00:21:04,000 Speaker 1: I value UM those things. And then the higher those 420 00:21:04,119 --> 00:21:09,359 Speaker 1: values are, then um, the stronger that alliance can be. 421 00:21:09,600 --> 00:21:13,960 Speaker 1: So I would consider myself, what I say, a freedom maximalist. 422 00:21:14,040 --> 00:21:18,760 Speaker 1: I'm maximizing for freedom, and I want to align with 423 00:21:18,880 --> 00:21:23,000 Speaker 1: other people that are freedom maximalists. If you're somebody who, 424 00:21:23,240 --> 00:21:25,679 Speaker 1: um wants to be a little mini authoritarian and you 425 00:21:25,720 --> 00:21:27,920 Speaker 1: want to tell people what they should do, what they 426 00:21:27,920 --> 00:21:29,920 Speaker 1: can and can't do, but then you and I probably 427 00:21:29,920 --> 00:21:31,720 Speaker 1: aren't going to align very well. We're probably not going 428 00:21:31,760 --> 00:21:33,840 Speaker 1: to have very good conversations. We're not going to agree 429 00:21:33,880 --> 00:21:36,879 Speaker 1: on things. And so what we see at the Bitcoin conference, 430 00:21:36,920 --> 00:21:41,840 Speaker 1: we have twenty people there all aligning on shared values. 431 00:21:41,880 --> 00:21:44,679 Speaker 1: And they're all different races and sexes and religions and 432 00:21:44,760 --> 00:21:47,439 Speaker 1: preferences and everything you're gonna imagine, but it doesn't matter. 433 00:21:48,080 --> 00:21:50,439 Speaker 1: It's not the identities that matter. They're all aligning on 434 00:21:50,480 --> 00:21:56,760 Speaker 1: shared values of freedom, of monetary independence, on progress, on innovation, 435 00:21:56,880 --> 00:21:59,280 Speaker 1: things like that, and so, UM, what you get is 436 00:21:59,320 --> 00:22:03,080 Speaker 1: this like electricity in the air. I mean, everybody that 437 00:22:03,160 --> 00:22:05,400 Speaker 1: you meet is just like somebody that you can connect 438 00:22:05,480 --> 00:22:07,679 Speaker 1: with and like your friends with and like you you 439 00:22:07,720 --> 00:22:10,640 Speaker 1: can have these deep conversations and it's just like it's 440 00:22:10,640 --> 00:22:13,000 Speaker 1: just like electricity. I mean, just walking around, it's just 441 00:22:13,119 --> 00:22:16,680 Speaker 1: awesome and you feel that. Um. And the other thing 442 00:22:16,760 --> 00:22:20,360 Speaker 1: that we noticed is that with bitcoin specifically, not crypto. 443 00:22:20,520 --> 00:22:23,080 Speaker 1: So I say bitcoin here, not crypto. And then then 444 00:22:23,119 --> 00:22:27,720 Speaker 1: the reason why is because what happens with bitcoin is that, um, 445 00:22:27,760 --> 00:22:31,480 Speaker 1: it changes you. Anyone who's been around bitcoin long enough 446 00:22:31,520 --> 00:22:35,080 Speaker 1: knows that bitcoin changes you. And I spent a lot 447 00:22:35,080 --> 00:22:36,720 Speaker 1: of time talking about this, partically at the at the 448 00:22:36,720 --> 00:22:40,760 Speaker 1: event last week. Why why does bitcoin change you? How 449 00:22:40,800 --> 00:22:43,400 Speaker 1: does it change you? Well, I think the biggest thing 450 00:22:43,560 --> 00:22:48,320 Speaker 1: is is that bitcoin changes your time preference. So you 451 00:22:48,359 --> 00:22:52,960 Speaker 1: can have a high time preference or a low time preference. Um, 452 00:22:53,119 --> 00:22:56,360 Speaker 1: think about it like your long your your long term perspective. 453 00:22:56,720 --> 00:22:59,280 Speaker 1: So unfortunately, the way most people are in the in 454 00:22:59,560 --> 00:23:01,320 Speaker 1: the United State dates and maybe even the world today 455 00:23:01,640 --> 00:23:05,480 Speaker 1: are our high time preference. They want instant gratification. If 456 00:23:05,520 --> 00:23:09,080 Speaker 1: I don't get rich quick, if I don't see instant results, 457 00:23:09,400 --> 00:23:11,760 Speaker 1: if I don't get what I want now right, well 458 00:23:11,760 --> 00:23:15,719 Speaker 1: have this instant gratification. The problem is that in life, 459 00:23:15,960 --> 00:23:19,000 Speaker 1: I hate to break it to you, but nothing good 460 00:23:19,040 --> 00:23:22,439 Speaker 1: comes quickly, nothing good comes easy. All the best things 461 00:23:22,600 --> 00:23:26,440 Speaker 1: require you to wait, to work hard, and things like that. 462 00:23:27,040 --> 00:23:30,159 Speaker 1: And so, um, what bitcoin does is it changes that 463 00:23:30,240 --> 00:23:32,639 Speaker 1: type preference to a low time preference. I mean I 464 00:23:32,640 --> 00:23:34,800 Speaker 1: don't prefer time that much. It's very low. I have 465 00:23:34,840 --> 00:23:37,960 Speaker 1: a long term perspective. So now I don't need to 466 00:23:38,000 --> 00:23:40,120 Speaker 1: get rich by tonight. I just want to make sure 467 00:23:40,119 --> 00:23:42,680 Speaker 1: that I have enough money to retire on right. Um, 468 00:23:42,720 --> 00:23:45,439 Speaker 1: I can eat a healthy diet because I know that 469 00:23:45,440 --> 00:23:46,879 Speaker 1: it's going to keep me healthy over the long term. 470 00:23:46,920 --> 00:23:49,119 Speaker 1: I'm not trying to get like some lose weight quick 471 00:23:49,320 --> 00:23:53,199 Speaker 1: you know scheme or something like that. And so what 472 00:23:53,320 --> 00:23:55,960 Speaker 1: happens is what you see with bitcoiners is because they 473 00:23:56,000 --> 00:23:57,960 Speaker 1: have this long term perspective. And the reason why I 474 00:23:58,000 --> 00:24:01,160 Speaker 1: say that is people get into cryptocurrent see just how 475 00:24:01,240 --> 00:24:03,520 Speaker 1: rich can I get? How much money? What's the next 476 00:24:03,560 --> 00:24:06,240 Speaker 1: hot cryptocurrency? Mark the reason why I'm tuning indio so 477 00:24:06,280 --> 00:24:07,920 Speaker 1: you can tell me about cryptocurrency to buy. What's the 478 00:24:08,000 --> 00:24:09,919 Speaker 1: next one? Is? Is it another dog coin or some 479 00:24:10,040 --> 00:24:12,359 Speaker 1: meme coin. I want to make twenty times my money 480 00:24:12,359 --> 00:24:15,480 Speaker 1: in two weeks. If I don't make in two weeks, 481 00:24:15,480 --> 00:24:18,400 Speaker 1: that I'm out right, it's it's a scam. But people 482 00:24:18,440 --> 00:24:21,040 Speaker 1: don't come into bitcoin for that, right and you understand 483 00:24:21,080 --> 00:24:24,800 Speaker 1: that like bitcoin is at whatever forty thousand today, it 484 00:24:24,840 --> 00:24:27,400 Speaker 1: will probably be at a million dollars in the next decade. 485 00:24:27,840 --> 00:24:30,840 Speaker 1: That's pretty damn good. The stock markets were turned about 486 00:24:30,840 --> 00:24:33,840 Speaker 1: eight percent over the last whatever sixty eight years, six 487 00:24:33,960 --> 00:24:37,199 Speaker 1: or eight percent. So if I can get a thirty X, 488 00:24:37,760 --> 00:24:40,520 Speaker 1: that's amazing, and I gotta wait ten years, that's pretty 489 00:24:40,560 --> 00:24:42,600 Speaker 1: dann good. But no crypto guys want to make that 490 00:24:42,680 --> 00:24:45,840 Speaker 1: in two weeks. And so what happens is most bitcoiners 491 00:24:45,840 --> 00:24:47,679 Speaker 1: come in, it changes their time preference. And when that 492 00:24:47,720 --> 00:24:52,720 Speaker 1: starts to happen, they start to see lots of other things. So, um, 493 00:24:52,720 --> 00:24:55,000 Speaker 1: it's that, And it's also people that have been able 494 00:24:55,040 --> 00:24:59,959 Speaker 1: to put enough time in to understand everything they've been 495 00:25:00,119 --> 00:25:03,640 Speaker 1: told isn't necessarily true or right. And so then they 496 00:25:03,680 --> 00:25:07,040 Speaker 1: start to question other things like, well, if I've been 497 00:25:07,200 --> 00:25:11,280 Speaker 1: misled or lied to about money, what else have I 498 00:25:11,359 --> 00:25:14,840 Speaker 1: been lied and misled to? What about my health? The 499 00:25:14,960 --> 00:25:17,040 Speaker 1: f d A tells me that I should eat seven 500 00:25:17,080 --> 00:25:19,919 Speaker 1: servings of grains per day? Is that true? Well you 501 00:25:20,000 --> 00:25:21,880 Speaker 1: quickly find out that's not. As a matter of fact, 502 00:25:21,960 --> 00:25:24,160 Speaker 1: you take the FDA food pyramid. You should actually flip 503 00:25:24,200 --> 00:25:27,000 Speaker 1: that upside down. You should actually do the opposite of 504 00:25:27,000 --> 00:25:30,239 Speaker 1: what they tell you. Um, everything the medical system has 505 00:25:30,280 --> 00:25:34,359 Speaker 1: told me, it's mostly wrong. Um, everything that these relationships 506 00:25:34,400 --> 00:25:37,640 Speaker 1: people have told me it's mostly wrong, and you start 507 00:25:37,680 --> 00:25:41,520 Speaker 1: to question everything. It's like cognitive dissidence. Um, if I 508 00:25:41,560 --> 00:25:43,399 Speaker 1: believe this to be true, then everything else I know 509 00:25:43,680 --> 00:25:45,879 Speaker 1: has to change is not true. And so then you 510 00:25:45,920 --> 00:25:48,000 Speaker 1: have this long term time preference, and so you start 511 00:25:48,000 --> 00:25:50,440 Speaker 1: thinking about your health. So most of the bitcoiners are 512 00:25:50,440 --> 00:25:52,960 Speaker 1: really health conscious. A lot of them are carnivores. They 513 00:25:53,000 --> 00:25:55,399 Speaker 1: just eat meat only, diets. Um. A lot of them 514 00:25:55,400 --> 00:25:57,600 Speaker 1: think about savings, think about building. A lot of them 515 00:25:57,640 --> 00:25:59,879 Speaker 1: have very good relationships. And you start start to see this. 516 00:26:00,080 --> 00:26:03,280 Speaker 1: They're not spending flashy money on Lamborghinis and Ferraris and 517 00:26:03,320 --> 00:26:06,480 Speaker 1: all these types of things. They're saving their building, they're growing, 518 00:26:06,520 --> 00:26:10,640 Speaker 1: they're building farms, they're building food, they're building businesses. They're 519 00:26:10,680 --> 00:26:13,639 Speaker 1: having a bunch of kids, right, things like that. Um. 520 00:26:13,720 --> 00:26:16,840 Speaker 1: And then crypto crypto people is a little bit difference. 521 00:26:16,840 --> 00:26:18,280 Speaker 1: And I'm gonna and the reason why I'm setting that 522 00:26:18,320 --> 00:26:19,720 Speaker 1: up is because I'm gonna talk about some of these 523 00:26:19,720 --> 00:26:21,600 Speaker 1: parties that I went to. So I went to a 524 00:26:21,600 --> 00:26:23,720 Speaker 1: lot of parties. Um. In life, they say, it's not 525 00:26:23,800 --> 00:26:27,000 Speaker 1: who you know, it's actually who knows you. And because 526 00:26:27,000 --> 00:26:28,879 Speaker 1: I'm on the radio and I have a big YouTube 527 00:26:28,960 --> 00:26:30,639 Speaker 1: channel and whatnot. A lot of people know me and 528 00:26:30,640 --> 00:26:33,600 Speaker 1: I get invited to all the best parties. I got 529 00:26:33,600 --> 00:26:36,160 Speaker 1: invited away more parties than I could go to. UM, 530 00:26:36,200 --> 00:26:37,480 Speaker 1: I don't wanna tell you about some of the parties. 531 00:26:37,520 --> 00:26:38,760 Speaker 1: I know you wanna know about that. I'm gonna tell you, 532 00:26:38,760 --> 00:26:40,200 Speaker 1: like I said, about the behind the scenes, some of 533 00:26:40,240 --> 00:26:43,520 Speaker 1: the people I met, some of the politicians I met, UM, 534 00:26:43,560 --> 00:26:45,000 Speaker 1: I want to tell you more about the parties and 535 00:26:45,040 --> 00:26:47,320 Speaker 1: some of the big announcements that came out. So don't 536 00:26:47,359 --> 00:26:50,720 Speaker 1: go away. I'm gonna be right back. All right, welcome back. 537 00:26:50,760 --> 00:26:52,720 Speaker 1: You are listening to the Mark Moa Show. We're talking 538 00:26:52,720 --> 00:26:57,000 Speaker 1: about bitcoin and cryptocurrency and the decentralized revolution. We're talking 539 00:26:57,040 --> 00:27:02,320 Speaker 1: about the intersection of politics, technology, and finance all coming 540 00:27:02,359 --> 00:27:04,600 Speaker 1: together to change the world as we speak. And so 541 00:27:04,920 --> 00:27:06,960 Speaker 1: I'm talking about the Bitcoin conference. I just got back. 542 00:27:07,000 --> 00:27:10,000 Speaker 1: I was there for eight days in Miami, Florida, and 543 00:27:10,040 --> 00:27:12,520 Speaker 1: it was it was big, and it was the intersection 544 00:27:12,720 --> 00:27:16,960 Speaker 1: of those things. Politics. There was lots of politicians there. UM. 545 00:27:17,119 --> 00:27:20,840 Speaker 1: Some of the more notable ones was Cynthia Loomas, Senator 546 00:27:20,920 --> 00:27:23,920 Speaker 1: from Wyoming. She was there talking UM. She is a 547 00:27:24,040 --> 00:27:28,000 Speaker 1: very big proponent of of bitcoin. We but we also 548 00:27:28,040 --> 00:27:31,720 Speaker 1: had politicians for other countries. So we had dignitaries from 549 00:27:31,720 --> 00:27:35,320 Speaker 1: El Salvador from Mexico. I gotta even hang out with 550 00:27:35,400 --> 00:27:39,159 Speaker 1: Prince Philip, who's the Princess Serbia was there. Um, So 551 00:27:39,200 --> 00:27:41,600 Speaker 1: we had we had politicians and dignitaries from the United 552 00:27:41,600 --> 00:27:44,159 Speaker 1: States and all over the world were there. It was 553 00:27:44,200 --> 00:27:46,000 Speaker 1: pretty cool. I was gonna talk to you about some 554 00:27:46,040 --> 00:27:49,199 Speaker 1: of these parties I went to. So most of these 555 00:27:49,240 --> 00:27:52,560 Speaker 1: bitcoin parties are bitcoiners that have these long term perspectives. 556 00:27:52,560 --> 00:27:55,720 Speaker 1: And so the first night I was there, Um, Lawrence 557 00:27:55,760 --> 00:27:57,919 Speaker 1: Lepard had had a kind of a big dinner with 558 00:27:57,960 --> 00:28:00,399 Speaker 1: a bunch of bitcoiners. He's been on the radio show before, 559 00:28:00,600 --> 00:28:03,320 Speaker 1: and so, uh, there was fifteen twenty I don't know 560 00:28:03,359 --> 00:28:06,560 Speaker 1: twenty five people and we ate steak, big little steak. 561 00:28:06,600 --> 00:28:08,399 Speaker 1: That's what bitcoin is like, That's what I like. I 562 00:28:08,480 --> 00:28:11,320 Speaker 1: try to eat as much steak as I possibly can. Um. 563 00:28:11,400 --> 00:28:14,359 Speaker 1: And then the next day we're at investor meetings. All 564 00:28:14,400 --> 00:28:18,199 Speaker 1: day I was at UH. I'm a senior advisor for 565 00:28:18,280 --> 00:28:22,439 Speaker 1: a venture capital fund called Trammel Venture Partners t v P, 566 00:28:22,960 --> 00:28:26,760 Speaker 1: and we only invest into companies that are building on bitcoin, 567 00:28:27,280 --> 00:28:29,639 Speaker 1: and that was pretty amazing. UM seeing all the companies 568 00:28:29,680 --> 00:28:31,199 Speaker 1: that we've been investing in to come and do their 569 00:28:31,200 --> 00:28:34,280 Speaker 1: product demos. You could not believe the technologies that are 570 00:28:34,280 --> 00:28:36,680 Speaker 1: being built on bitcoin. If you aren't paying attention. A 571 00:28:36,680 --> 00:28:38,920 Speaker 1: lot of times people think bitcoin's old technology and all 572 00:28:38,920 --> 00:28:41,640 Speaker 1: the all the tech is being built on cryptocurrency and 573 00:28:41,720 --> 00:28:44,840 Speaker 1: all coins, and that's just not true. The stuff that's 574 00:28:44,840 --> 00:28:47,760 Speaker 1: being built on bitcoin would blow your mind. One of 575 00:28:47,760 --> 00:28:51,840 Speaker 1: the biggest most anticipated releases is one called Impervious Um. 576 00:28:51,840 --> 00:28:54,200 Speaker 1: It's a company that is going to blow your mind. 577 00:28:54,240 --> 00:28:56,960 Speaker 1: It's a new browser, so like a Google browser for example, 578 00:28:56,960 --> 00:28:59,920 Speaker 1: like a Google Chrome browser, but it has everything built in. 579 00:29:00,120 --> 00:29:04,400 Speaker 1: So you have Zoom but without Zoom. What does that mean, Well, 580 00:29:04,440 --> 00:29:06,680 Speaker 1: I don't have to use a company like Zoom or 581 00:29:06,760 --> 00:29:10,840 Speaker 1: a company like Google Meat. I can just go video 582 00:29:11,000 --> 00:29:13,040 Speaker 1: peer to peer between me and the other person without 583 00:29:13,040 --> 00:29:14,760 Speaker 1: somebody in the middle trying to stop that block out 584 00:29:14,760 --> 00:29:17,560 Speaker 1: the prevented or spy on me. We have Chat and 585 00:29:17,600 --> 00:29:19,640 Speaker 1: I can do chat peer to peer from person to 586 00:29:19,640 --> 00:29:22,200 Speaker 1: person without having to go through Google servers. I can 587 00:29:22,280 --> 00:29:24,840 Speaker 1: use Google like it has like a Google Docs built in, 588 00:29:25,160 --> 00:29:27,720 Speaker 1: except for Google doesn't have access to it. They can't 589 00:29:27,720 --> 00:29:29,400 Speaker 1: spy on me, they can't watch it. It's my docs, 590 00:29:29,400 --> 00:29:31,240 Speaker 1: and I can share them directly peer to peer with 591 00:29:31,280 --> 00:29:33,760 Speaker 1: another person. It's pretty amazing what Impervious is doing. I 592 00:29:33,760 --> 00:29:35,120 Speaker 1: think there's gonna be a full score release here in 593 00:29:35,160 --> 00:29:38,240 Speaker 1: a couple weeks, pretty amazing. A bunch of more technologies 594 00:29:38,240 --> 00:29:40,320 Speaker 1: that were coming out, that's pretty cool. Then then I 595 00:29:40,320 --> 00:29:44,160 Speaker 1: got to go to, uh see the ambassador of El Salvador. 596 00:29:44,280 --> 00:29:46,160 Speaker 1: So a lot of you guys that don't know or 597 00:29:46,160 --> 00:29:47,920 Speaker 1: you should know by now, that El Salvador was the 598 00:29:47,920 --> 00:29:51,080 Speaker 1: first country to make bitcoin legal tender. The president of 599 00:29:51,080 --> 00:29:52,560 Speaker 1: El Salvadore was supposed to be there at the conference. 600 00:29:52,600 --> 00:29:54,760 Speaker 1: He didn't end up making it, but the ambassador was there. 601 00:29:54,760 --> 00:29:56,480 Speaker 1: I got to go to a little private function with 602 00:29:56,480 --> 00:29:58,560 Speaker 1: with her. I meet her. That was pretty cool. And 603 00:29:58,560 --> 00:30:03,160 Speaker 1: then um, I Heart Media had a party with Galaxy Digital. 604 00:30:04,040 --> 00:30:08,040 Speaker 1: And Galaxy Digital is a cryptocurrency fund, not a bitcoin fund, 605 00:30:08,120 --> 00:30:11,520 Speaker 1: a cryptocurrency fund, and it was amazing to see this 606 00:30:11,640 --> 00:30:15,320 Speaker 1: glaring difference of going from like this bitcoin venture fund 607 00:30:15,360 --> 00:30:18,080 Speaker 1: all day and then going to a crypto fund. And remember, 608 00:30:18,120 --> 00:30:20,560 Speaker 1: the bitcoiners have this like long term time perspective, so 609 00:30:20,600 --> 00:30:23,760 Speaker 1: they're they're investing their money. They're building real things, and 610 00:30:23,800 --> 00:30:25,720 Speaker 1: Crypto was like all flash. And we went to this 611 00:30:25,760 --> 00:30:28,080 Speaker 1: party and it was like a hundred people were there 612 00:30:28,440 --> 00:30:30,560 Speaker 1: and they had this DJ that's that played for eighty 613 00:30:30,640 --> 00:30:32,680 Speaker 1: five thousand people like the week before, and he was 614 00:30:32,680 --> 00:30:34,440 Speaker 1: here playing for like a hundred people. So they probably 615 00:30:34,440 --> 00:30:36,840 Speaker 1: paid all kinds of crazy money. You know, these are 616 00:30:36,880 --> 00:30:40,040 Speaker 1: the beautiful people wearing their expensive outfits and they probably 617 00:30:40,080 --> 00:30:43,600 Speaker 1: drove there in their Lamborghinis and whatever. And just what 618 00:30:43,680 --> 00:30:46,560 Speaker 1: a glaring difference. Like we were eating steak before and 619 00:30:46,600 --> 00:30:48,880 Speaker 1: here we are there, We're getting like little orders of 620 00:30:48,880 --> 00:30:51,280 Speaker 1: like lobster bisku or something right, like just like little 621 00:30:51,320 --> 00:30:54,680 Speaker 1: mouth little bites. Um. And it was just, uh, the 622 00:30:55,080 --> 00:30:57,480 Speaker 1: glaring difference of having going from one to the other. 623 00:30:58,200 --> 00:31:00,640 Speaker 1: It was pretty interesting. But she it out to iHeart 624 00:31:00,680 --> 00:31:04,560 Speaker 1: Media and Galaxy for putting that on. And then let's 625 00:31:04,560 --> 00:31:08,000 Speaker 1: see what else did we do? Um. Well, one of 626 00:31:08,040 --> 00:31:11,320 Speaker 1: my good friends, Robert breedlove how to sit down private 627 00:31:11,400 --> 00:31:14,960 Speaker 1: function with Jordan Peterson. And if you don't know Jordan Peterson, 628 00:31:14,960 --> 00:31:16,280 Speaker 1: and then I don't know where the heck you've been 629 00:31:16,320 --> 00:31:19,320 Speaker 1: living in this world? Uh, he's I would have to say, 630 00:31:19,320 --> 00:31:23,080 Speaker 1: he's probably the smartest intellectual alive today in my opinion, 631 00:31:23,320 --> 00:31:25,240 Speaker 1: and um, that's just my opinion. I could be wrong. 632 00:31:25,280 --> 00:31:26,800 Speaker 1: I don't know how to quantify that. If you're not 633 00:31:26,840 --> 00:31:29,040 Speaker 1: listening to Jordan Peterson, you should be check them out 634 00:31:29,040 --> 00:31:32,280 Speaker 1: on YouTube. But they they sat down and they talked 635 00:31:32,320 --> 00:31:36,440 Speaker 1: about things from a first principles level, so understanding what 636 00:31:36,480 --> 00:31:38,560 Speaker 1: we call a priori truth. These are things that are 637 00:31:38,600 --> 00:31:41,760 Speaker 1: known to be true. And they built on this conversation. 638 00:31:41,840 --> 00:31:44,640 Speaker 1: It was amazing. Um. And then we hung out and 639 00:31:44,640 --> 00:31:47,040 Speaker 1: it was like all these bitcoiners there and Robert Breedlove 640 00:31:47,080 --> 00:31:49,480 Speaker 1: and Jordan Peterson hanging out. And then I left there 641 00:31:49,480 --> 00:31:50,840 Speaker 1: and I went to this other party that was put 642 00:31:50,840 --> 00:31:52,400 Speaker 1: on by Jim and I and it was at this 643 00:31:52,600 --> 00:31:56,560 Speaker 1: uh at this mansion on this island, and very exclusive island. 644 00:31:56,600 --> 00:31:57,560 Speaker 1: You have to have a go through a gate just 645 00:31:57,560 --> 00:31:59,880 Speaker 1: to get on the island. And and again I get there, 646 00:32:00,040 --> 00:32:01,600 Speaker 1: like a hundred people out the side, and it's like 647 00:32:01,640 --> 00:32:04,880 Speaker 1: the most beautiful people you've ever seen, like the beautiful 648 00:32:04,920 --> 00:32:07,920 Speaker 1: girls and guys dressed up. I'm like, oh man, where 649 00:32:08,000 --> 00:32:09,560 Speaker 1: the heck am? I And I go in and like 650 00:32:09,600 --> 00:32:12,920 Speaker 1: these DJ spinning and like all these ice sculptures and bars, 651 00:32:13,360 --> 00:32:15,479 Speaker 1: and I'm like, where am I at? This is crazy? 652 00:32:15,520 --> 00:32:18,560 Speaker 1: This is like pure fiat. That's what we call. It's like, 653 00:32:18,600 --> 00:32:23,600 Speaker 1: it's like pure fiat. And uh, luckily I was able 654 00:32:23,600 --> 00:32:24,800 Speaker 1: to find some people I knew when we kind of 655 00:32:24,800 --> 00:32:26,680 Speaker 1: had this little private area. Um. It was a pretty 656 00:32:26,720 --> 00:32:30,680 Speaker 1: crazy party. But again, just this glaring difference of bitcoin. 657 00:32:30,800 --> 00:32:32,400 Speaker 1: And I don't want to say the bitcoinners are no fun. 658 00:32:32,520 --> 00:32:36,280 Speaker 1: It's just just a different story. Um. But it was 659 00:32:36,280 --> 00:32:38,680 Speaker 1: an amazing time. I tried to take it easy because 660 00:32:38,760 --> 00:32:41,840 Speaker 1: like eight days, they're talking to thousands of people, shaking 661 00:32:41,840 --> 00:32:44,600 Speaker 1: thousands of hands. Um. I did a book launch. Um, 662 00:32:44,680 --> 00:32:46,680 Speaker 1: so for those you guys that don't know, I launched 663 00:32:46,680 --> 00:32:50,160 Speaker 1: a book at the Bitcoin conference. Is called the Uncommunist Manifesto. 664 00:32:50,480 --> 00:32:53,320 Speaker 1: You can check it out at Uncommunist dot com. We 665 00:32:53,400 --> 00:32:55,560 Speaker 1: got about I think five or six more days left 666 00:32:55,560 --> 00:32:57,320 Speaker 1: of our kickstarter campaign if you want to check that 667 00:32:57,320 --> 00:33:00,200 Speaker 1: out and support it Uncommunist dot com. But at at 668 00:33:00,200 --> 00:33:03,920 Speaker 1: the Bitcoin Conference a couple two days I did book 669 00:33:03,960 --> 00:33:07,520 Speaker 1: signings there was pretty awesome. And then I told you 670 00:33:07,560 --> 00:33:09,560 Speaker 1: I worked the news desk, so I gotta work that 671 00:33:09,640 --> 00:33:12,960 Speaker 1: with Mr wonderful Kevenal area was pretty awesome. Alex Gladstein, 672 00:33:13,000 --> 00:33:16,080 Speaker 1: who runs the Human Rights Foundation. We talked about how 673 00:33:16,120 --> 00:33:20,200 Speaker 1: bitcoin is solving human rights issues around the world, like 674 00:33:20,280 --> 00:33:26,120 Speaker 1: North Korea, like in Tongo, UM, you know, all throughout Africa, UM, Lebanon, 675 00:33:26,280 --> 00:33:29,040 Speaker 1: et cetera. Was pretty amazing. I gotta share the news 676 00:33:29,040 --> 00:33:33,920 Speaker 1: desk with Andrew Yang, former presidential candidate. UM was pretty amazing. 677 00:33:35,960 --> 00:33:39,560 Speaker 1: Um man, so much happened there, let's see. Oh and 678 00:33:39,600 --> 00:33:41,960 Speaker 1: some big announcements. One of the biggest announcements. And again 679 00:33:42,000 --> 00:33:44,760 Speaker 1: people think that bitcoin is old technology, it's too slow, 680 00:33:44,840 --> 00:33:47,400 Speaker 1: it can't be used for payments. Um, it's only good 681 00:33:47,400 --> 00:33:50,640 Speaker 1: for store of value. But again they don't understand what 682 00:33:50,680 --> 00:33:52,800 Speaker 1: they're talking about. And so a big announcement was made 683 00:33:52,800 --> 00:33:56,640 Speaker 1: with Strike and Strike uses what's called Layer two, so 684 00:33:56,760 --> 00:33:59,600 Speaker 1: it's allows bitcoin to be transferred almost at the speed 685 00:33:59,640 --> 00:34:02,640 Speaker 1: of light and almost for free, and so you can 686 00:34:02,800 --> 00:34:05,920 Speaker 1: actually transfer bitcoin faster and cheaper than another cryptocurrency. And 687 00:34:05,960 --> 00:34:09,759 Speaker 1: they announced that they just made it a partnership with Shopify. 688 00:34:09,920 --> 00:34:12,839 Speaker 1: So now all Shopify stores, when you go to check out, 689 00:34:12,880 --> 00:34:15,520 Speaker 1: you can choose credit card like you could choose PayPal, 690 00:34:16,920 --> 00:34:19,960 Speaker 1: and now you can choose bitcoin right there. All the 691 00:34:19,960 --> 00:34:23,160 Speaker 1: Shopify stores that they announce the partnership with that And 692 00:34:23,200 --> 00:34:26,880 Speaker 1: I was in cr I believe, which is the largest 693 00:34:26,880 --> 00:34:30,480 Speaker 1: payment processor for stores. So stores use like a POS 694 00:34:30,520 --> 00:34:32,560 Speaker 1: a point of sale terminal to run your credit card, 695 00:34:33,239 --> 00:34:37,400 Speaker 1: and this company runs one out of every six payment 696 00:34:37,480 --> 00:34:42,439 Speaker 1: terminals in the country and they will all now be 697 00:34:42,520 --> 00:34:48,640 Speaker 1: accepting bitcoin um using this lightning rail. And so that's amazing. 698 00:34:48,719 --> 00:34:51,720 Speaker 1: So expect to see that happening very very quickly. About 699 00:34:51,760 --> 00:34:56,480 Speaker 1: one in six stores will now be accepting bitcoin completely 700 00:34:56,520 --> 00:35:02,680 Speaker 1: bypassing the entire dollar payment network. Pretty amazing to see 701 00:35:02,719 --> 00:35:05,560 Speaker 1: that happen. So remember, with the new technology, we're looking 702 00:35:05,560 --> 00:35:08,080 Speaker 1: at two things, right, We're looking at user growth, the 703 00:35:08,120 --> 00:35:10,640 Speaker 1: amount of users on the network are they growing and 704 00:35:10,680 --> 00:35:14,279 Speaker 1: the development that's happening on the network. And so um 705 00:35:14,360 --> 00:35:17,239 Speaker 1: the Bitcoin conference two years ago or three years ago had, 706 00:35:17,320 --> 00:35:21,279 Speaker 1: you know, a few thousand people. Last year was ten 707 00:35:21,280 --> 00:35:24,400 Speaker 1: thousand people. This year was thirty thousand people. So the 708 00:35:24,600 --> 00:35:27,560 Speaker 1: rate of users is growing so fast it's hard to 709 00:35:27,560 --> 00:35:31,279 Speaker 1: even comprehend. And the development happening is so fast that 710 00:35:31,400 --> 00:35:34,719 Speaker 1: now it was announced that all shopify stores and one 711 00:35:34,760 --> 00:35:38,080 Speaker 1: in six retail stores with a credit card terminal will 712 00:35:38,120 --> 00:35:43,560 Speaker 1: now be accepting bitcoin. Not x y Z crypto, not ethereum, 713 00:35:43,560 --> 00:35:47,600 Speaker 1: not x RP, not Cardano, not fill in the blank, 714 00:35:48,840 --> 00:35:53,320 Speaker 1: but using bitcoin. Pretty amazing time at the Bitcoin conference. 715 00:35:53,320 --> 00:35:55,480 Speaker 1: Hopefully you enjoyed some of that behind the scenes stuff. 716 00:35:55,760 --> 00:35:58,000 Speaker 1: Um check out my Instagram at one Mark Moss you 717 00:35:58,000 --> 00:36:00,440 Speaker 1: can see some of my stories and photos and some 718 00:36:00,480 --> 00:36:02,200 Speaker 1: things like that. And of course said follow me on 719 00:36:02,239 --> 00:36:05,120 Speaker 1: Twitter as well at one Mark Moss and check out 720 00:36:05,120 --> 00:36:08,000 Speaker 1: the book Uncommunist dot com. Like I said, we still 721 00:36:08,040 --> 00:36:09,600 Speaker 1: got a few more days left in the launch if 722 00:36:09,600 --> 00:36:12,279 Speaker 1: you want to support that. But this space is growing 723 00:36:12,320 --> 00:36:14,040 Speaker 1: and everyone's gonna get in at the price they deserve. 724 00:36:14,200 --> 00:36:16,799 Speaker 1: You can either get in now and front run everybody else, 725 00:36:16,920 --> 00:36:20,399 Speaker 1: or you can wait until you're starving or drowning like 726 00:36:20,440 --> 00:36:22,560 Speaker 1: my analogy, and grab it. Then that's what I got 727 00:36:22,560 --> 00:36:24,399 Speaker 1: here today. Thanks for listening, See you next time.