WEBVTT - The Mark Moss Show - Talking with Ella Moss 0:00:00.120 --> 0:00:03.360 Everyone, Welcome to another episode of The Mark Moss Show 0:00:03.720 --> 0:00:07.920 where we talk about bitcoin. We talk about the intersection 0:00:07.960 --> 0:00:12.039 of politics, technology, and finance. We're talking about the decentralized 0:00:12.080 --> 0:00:14.920 revolution that is changing the world as we speak. Like 0:00:14.920 --> 0:00:17.919 I said, of course, that's bitcoin that is leading the charge. 0:00:18.480 --> 0:00:22.960 You know, the financial system, well, every system is changing 0:00:23.239 --> 0:00:24.960 right now, as we know what. The world is changing 0:00:25.040 --> 0:00:27.680 right before our very eyes. Lots of things about the 0:00:27.680 --> 0:00:32.120 world are changing the way that we interact, um, you know, politics, socially, culturally, 0:00:32.520 --> 0:00:35.239 um censoring you know speech. I mean, everything we know 0:00:35.360 --> 0:00:38.080 is just changing. Of course, the financial system is changing. 0:00:39.080 --> 0:00:41.920 And some of the biggest financial experts in the world 0:00:41.920 --> 0:00:44.520 that I really respect. I mean I'm talking about Ray Dalio. 0:00:44.680 --> 0:00:48.600 I just been reading his book The Changing New World Order. Uh. 0:00:48.680 --> 0:00:50.839 It's an amazing book. I highly recommend it. And he 0:00:50.920 --> 0:00:52.800 charts history. Of course, if you listen to the show 0:00:52.800 --> 0:00:54.760 on a regular basis, you know I'm a history buff. 0:00:54.760 --> 0:00:57.040 He charts the course of history. And these financial markets 0:00:57.560 --> 0:00:59.640 Zoltan pos Are. If you're in the financial world, you 0:00:59.720 --> 0:01:01.800 might know who that name is. He's been nailing this 0:01:01.840 --> 0:01:04.640 transition to this new financial system as well. But what 0:01:04.840 --> 0:01:07.440 both of them are missing. And I hate to say 0:01:07.440 --> 0:01:09.800 that because these guys have forgot more information than I'll 0:01:09.800 --> 0:01:12.360 probably ever know in my life. Uh. They're both giants, 0:01:12.440 --> 0:01:14.319 and I recommend that you listen to what they're saying. 0:01:14.360 --> 0:01:20.240 But glaringly missing is that neither one of them talks 0:01:20.280 --> 0:01:23.960 about technology. And when we look through thousands of years 0:01:24.000 --> 0:01:27.440 of history, what we see is that it's technology that 0:01:27.520 --> 0:01:32.399 changes the world, right, not politics, Uh, not social cultural issues, um, 0:01:32.520 --> 0:01:34.920 not even the money. Money is a cycle, and Radialio 0:01:35.000 --> 0:01:37.200 highlights that very well, that it's the cycle that repeats 0:01:37.200 --> 0:01:40.880 over and over and over. But it's technology that changes everything. 0:01:40.880 --> 0:01:44.360 And both of those uh financial giants will call them 0:01:44.360 --> 0:01:49.000 intellectual giants, completely miss that. And so I'm talking about 0:01:49.040 --> 0:01:54.080 the intersection of UM technology where it connects to finance 0:01:54.280 --> 0:01:57.320 and of course political issues, and so when you look 0:01:57.320 --> 0:01:59.320 at all three of those together, it brings everything into 0:01:59.400 --> 0:02:04.040 context and what's happening today now, I just got back 0:02:04.080 --> 0:02:07.200 from one of the largest conferences in the world to 0:02:07.400 --> 0:02:11.359 talk about that. Specifically, it was the Bitcoin conference I've 0:02:11.360 --> 0:02:13.520 been talking about on this channel for the last several weeks. 0:02:13.560 --> 0:02:15.480 You've probably been hearing me telling you about it. UM 0:02:15.520 --> 0:02:18.480 to buy your ticket and things like that, and so 0:02:18.560 --> 0:02:22.440 I want to give you UM an insider's perspective of 0:02:22.480 --> 0:02:26.520 what happened at the largest bitcoin conference, the largest cryptocurrency conference, 0:02:26.760 --> 0:02:28.640 maybe one of the largest conferences in the world. There 0:02:28.680 --> 0:02:31.720 was about they're expecting about thirty thousand people there. It 0:02:31.800 --> 0:02:34.960 was pretty massive, and I was a speaker on the 0:02:34.960 --> 0:02:37.320 main stage, I worked on the news desk. I'm gonna 0:02:37.360 --> 0:02:38.840 give you all that, but let's just say that I 0:02:38.840 --> 0:02:43.000 had behind the scenes access to all the biggest events, 0:02:43.040 --> 0:02:45.679 all the best speakers, all the best parties, and I'm 0:02:45.720 --> 0:02:48.720 gonna give you an insider's perspective on that. But before 0:02:48.760 --> 0:02:52.000 we do that, I wanted to do something else, and 0:02:52.040 --> 0:02:56.000 so UM one of the things that I found over 0:02:56.080 --> 0:02:58.600 and over and over at the Bitcoin conference was all 0:02:58.600 --> 0:03:01.000 these speakers kept talking about we gotta push adoption, we 0:03:01.040 --> 0:03:03.519 gotta push adoption, we gotta push adoption. And I said, 0:03:03.560 --> 0:03:06.840 my my unpopular opinion is that we don't. We don't 0:03:06.960 --> 0:03:11.480 have to push adoption, UM, because we don't need mass adoption. 0:03:11.639 --> 0:03:15.000 At some point. People will come in when they need it, 0:03:15.680 --> 0:03:18.040 but that we don't need to push for that. UM. 0:03:18.120 --> 0:03:22.040 And so an example of that would be UM in 0:03:22.080 --> 0:03:25.680 the nineties, there was no such thing as cell phones really, 0:03:26.280 --> 0:03:30.040 but there was some Wall Street traders and investors that 0:03:30.080 --> 0:03:31.360 had a lot of money, and they had a lot 0:03:31.400 --> 0:03:35.120 of money writing on their every move, and so they 0:03:35.400 --> 0:03:38.360 were able to spend a lot of money to build 0:03:38.520 --> 0:03:40.120 a mobile phone. And it was like a big old 0:03:40.160 --> 0:03:42.400 box right at the probably fifty dollars or whatever for 0:03:42.440 --> 0:03:45.640 this big old box of a phone. And they got 0:03:45.680 --> 0:03:49.520 those phones because they needed them. They had an urgent 0:03:49.720 --> 0:03:53.400 need for that um technology. But we didn't have to 0:03:53.520 --> 0:03:56.680 push for mainstream adoption for phones. We didn't need the 0:03:56.680 --> 0:03:58.920 whole world everyone needs a phone. Go, everyone got the phone. 0:03:58.920 --> 0:04:01.480 We we didn't need to do that. They needed it, 0:04:01.640 --> 0:04:03.720 there was a need for it, and then buy them. 0:04:03.720 --> 0:04:06.800 Pioneering that and spending that money. Then eventually we got 0:04:06.800 --> 0:04:09.440 phones for um I don't know, forty thousand and thirty 0:04:09.440 --> 0:04:12.360 thousand and twenty thousand and five thousand, and eventually now 0:04:12.480 --> 0:04:16.640 they're down to where everybody can afford them. And then 0:04:16.760 --> 0:04:18.800 everyone in the United States got a phone, which then 0:04:18.839 --> 0:04:21.920 made them cheap enough, which then people in Africa were 0:04:21.920 --> 0:04:24.080 able to get phones, and so we don't have to 0:04:24.120 --> 0:04:27.680 push for adoption. Uh. And there's and That's one of 0:04:27.680 --> 0:04:29.480 these why not everybody needs at the beginning. The other 0:04:29.520 --> 0:04:31.520 reason why is as I kind of made the case 0:04:31.640 --> 0:04:33.400 when I was working at the event, and I'm gonna 0:04:33.400 --> 0:04:34.920 get into some of the inside details, some of the 0:04:35.000 --> 0:04:37.680 juicy details, like I said, of of of an inside 0:04:37.680 --> 0:04:40.839 of the parties and the speakers and whatnot. But another 0:04:40.839 --> 0:04:44.200 thing that I was saying is that, um, something like 0:04:44.960 --> 0:04:46.839 I didn't look it up a forehead, but something like 0:04:47.560 --> 0:04:53.280 Americans today don't even have four hundred dollars saved up 0:04:53.560 --> 0:04:56.359 for an emergency expense. They don't even have that for savings. 0:04:57.680 --> 0:05:02.120 Those people, they don't need to worry about bitcoin or cryptocurrency. 0:05:02.240 --> 0:05:05.440 I don't need to push those people to adopt bitcoin 0:05:05.480 --> 0:05:08.799 or cryptocurrency. They're not even saving, they have nothing. Those 0:05:08.800 --> 0:05:11.760 people should be focused on making more money. That's what 0:05:11.800 --> 0:05:14.159 they should be focused on. How can they make more money, 0:05:14.240 --> 0:05:16.120 How can they cut their expenses, how can they get 0:05:16.160 --> 0:05:18.240 to a point where they're saving. And then at that 0:05:18.240 --> 0:05:20.279 point when they're saving money, then of course, hey, do 0:05:20.279 --> 0:05:22.520 you understand what's happening to your savings? They're losing value 0:05:22.520 --> 0:05:24.960 every year. Maybe you should buy bitcoin, cryptocind everything like that. 0:05:25.000 --> 0:05:27.400 But those people don't need to worry about So My 0:05:27.440 --> 0:05:30.239 point is we don't need to push for adoption. Um 0:05:30.279 --> 0:05:32.720 it's in marketing. We would say that it's much easier 0:05:32.760 --> 0:05:37.159 to sell food to someone who's starving then to first 0:05:37.279 --> 0:05:40.280 convince them that they're starving and then try to sell 0:05:40.320 --> 0:05:43.960 them food. If someone was drowning in a lake and 0:05:44.000 --> 0:05:46.839 there was a floatation device right next to them, I 0:05:46.880 --> 0:05:49.800 wouldn't have to convince them why they should grab that 0:05:49.839 --> 0:05:53.280 flotation device. They would just know the urgency would be 0:05:53.360 --> 0:05:57.760 so high that they would just grab it. And so again, 0:05:58.560 --> 0:06:01.520 at some point, everybody will know why they need it. 0:06:01.560 --> 0:06:03.919 I don't need to convince people today why they need it. 0:06:03.960 --> 0:06:08.720 In Venezuela, where the currency is blowing up by tent 0:06:09.279 --> 0:06:11.240 literally you have to get paid multiple times a day 0:06:11.279 --> 0:06:13.040 to go buy your goods because prices are going up 0:06:13.040 --> 0:06:15.640 so fast, you don't have to convince them why they 0:06:15.720 --> 0:06:18.159 need to put their money into something else. They already know. 0:06:19.080 --> 0:06:21.000 If you were in Canada a couple of weeks ago 0:06:21.080 --> 0:06:23.559 or a month ago, when people's bank accounts were getting 0:06:23.560 --> 0:06:25.400 frozen and they're being kicked out of the financial system, 0:06:25.600 --> 0:06:27.480 you didn't have to go convince them why they should 0:06:27.520 --> 0:06:29.800 get out of that money. They already knew the urgency 0:06:29.800 --> 0:06:32.120 wasn't high enough, and so we don't need to push 0:06:32.600 --> 0:06:36.920 UH for um mass adoption. Everybody will come in at 0:06:36.920 --> 0:06:38.840 the point when they feel the urgency to do that. 0:06:39.120 --> 0:06:40.600 You know, I also say that, like, I'm a big 0:06:40.600 --> 0:06:43.680 believer in chiropractic. I've gone to chiropractic most of my life. 0:06:43.720 --> 0:06:45.720 I love it, I believe in it. But even for 0:06:45.839 --> 0:06:47.359 someone like me who believes it, and I know a 0:06:47.360 --> 0:06:49.200 lot of you are thinking I'm crazy and you don't 0:06:49.200 --> 0:06:51.800 believe it, and that's okay, UM, But even for someone 0:06:51.839 --> 0:06:55.440 like me who does, I typically don't go and tell 0:06:55.480 --> 0:06:57.960 them in pain. And that's that urgency part that I'm 0:06:58.000 --> 0:07:02.360 talking about. UM. And so in bitcoin we might say 0:07:02.400 --> 0:07:07.840 that everybody will buy at the price they deserve, and 0:07:07.880 --> 0:07:10.000 so you cannot buy today, and that's fine. I don't 0:07:10.000 --> 0:07:12.280 need to convince you of that, UM. But at some 0:07:12.320 --> 0:07:14.600 point you're going to see that sense of urgency. At 0:07:14.600 --> 0:07:17.240 some point you're gonna realize like, oh shoot, I need 0:07:17.280 --> 0:07:20.520 to do something, and you'll just have to pay at 0:07:20.560 --> 0:07:23.440 that price. And some of you will catch on sooner 0:07:23.480 --> 0:07:27.720 because you're paying attention, UM, because you see opportunities or 0:07:27.760 --> 0:07:30.160 whatever it may be. UM, and you can get in 0:07:30.400 --> 0:07:32.720 at a lower price. UM. And that's just how it is, 0:07:32.800 --> 0:07:35.520 and it's not it's not mean, it's just the way 0:07:35.520 --> 0:07:37.720 it is now. Of course, I'm doing my part um 0:07:37.760 --> 0:07:40.680 here each and every week trying to explain this to 0:07:40.680 --> 0:07:42.560 you so you don't get left behind, so you can 0:07:42.600 --> 0:07:44.800 buy in earlier than everybody else. And by the way, 0:07:44.880 --> 0:07:47.760 if you haven't already, make sure to bookmark this day 0:07:47.760 --> 0:07:49.600 and time to join me each and every week. So 0:07:49.920 --> 0:07:51.920 if you're not driving, pull at your phone, put a 0:07:51.960 --> 0:07:54.440 calendar reminder to join me on this channel at this 0:07:54.520 --> 0:07:56.840 time each and every week, so I can explain to 0:07:56.880 --> 0:07:59.240 you what's going on with bitcoin and cryptocurrencies in this 0:07:59.400 --> 0:08:04.360 decentral revolution. Because everybody will get in at some point, 0:08:05.320 --> 0:08:06.760 it's just at what point are you going to get in? 0:08:07.880 --> 0:08:11.200 And so UM. With investing, we always have to have 0:08:11.200 --> 0:08:14.880 an edge. If you don't have an edge with investing, 0:08:14.920 --> 0:08:17.119 then I'm sorry. If you don't know what your edge 0:08:17.160 --> 0:08:20.280 is with investing, that means you don't have one. And 0:08:20.320 --> 0:08:22.880 so if you have information that most people don't have, 0:08:22.960 --> 0:08:24.200 like if you listen to me each and every week 0:08:24.200 --> 0:08:26.480 and you have that information, then you'll have an edge. 0:08:27.360 --> 0:08:31.440 Now to illustrate this, I'm going to UM bring on 0:08:31.440 --> 0:08:34.000 a special guest, and I want to bring on a 0:08:34.040 --> 0:08:38.920 special guest, very special guests. I'm talking about my daughter, 0:08:39.520 --> 0:08:43.880 La Moss, and she just turned thirteen. She's in middle school, 0:08:44.520 --> 0:08:48.320 and we're going to find out, UM, what people in 0:08:48.360 --> 0:08:52.040 middle school have been taught about money, UM, and what 0:08:52.080 --> 0:08:54.760 they think about bitcoin, and we'll start to see what 0:08:54.920 --> 0:08:57.560 this urgency is like. UM. So I want to ask 0:08:57.559 --> 0:08:59.880 her some questions. He's super embarrassed, but everyone's gonna welcome 0:08:59.880 --> 0:09:03.240 her and give her a good reception. Here in a second. 0:09:03.600 --> 0:09:05.480 By the way, you're listening to the Mark ma Show. 0:09:05.480 --> 0:09:09.040 Of course, we're talking about bitcoin, cryptocurrencies, the decentralized revolution. 0:09:09.040 --> 0:09:11.920 We're talking about the intersection of politics, finance, and technology, 0:09:12.120 --> 0:09:14.079 so we can put everything that we're seeing in the 0:09:14.120 --> 0:09:17.480 world into context today so we can navigate it correctly. 0:09:17.520 --> 0:09:19.640 Like I said, everyone's going to get in eventually, but 0:09:19.720 --> 0:09:21.160 at the price they deserve, and I want you to 0:09:21.200 --> 0:09:22.599 get in earlier. That's why I'm trying to give you the 0:09:22.559 --> 0:09:25.480 the information that you need. I'm gonna be back with her, UM, 0:09:25.520 --> 0:09:27.040 We're gonna talk about that for a couple of minutes, 0:09:27.040 --> 0:09:28.319 and then we're gonna say it. Like I said, I'm 0:09:28.320 --> 0:09:30.640 gonna talk to the I'm gonna give you the behind 0:09:30.760 --> 0:09:33.480 the scenes access to the Bitcoin conference. Um, you can 0:09:33.480 --> 0:09:35.040 only get it here. Don't go away, I'll bear it back. 0:09:35.440 --> 0:09:37.800 All right, Welcome back. You're listening to the Mark Mass Show, 0:09:37.840 --> 0:09:41.320 where we're talking about bitcoin and cryptocurrencies and the decentralized 0:09:41.360 --> 0:09:44.479 revolution the world is going through. Talking about the intersection 0:09:44.520 --> 0:09:48.560 of politics, technology, and finance. You have to understand all three. 0:09:48.960 --> 0:09:51.959 You can't just focus on politics or just finance because 0:09:51.960 --> 0:09:54.480 you won't understand the greater context of what's going on 0:09:54.520 --> 0:09:56.520 and of course how you should navigate through that. I 0:09:56.640 --> 0:09:58.160 told you before the break that I want to talk 0:09:58.200 --> 0:10:01.920 to you about what happened at world's largest bitcoin meeting 0:10:02.000 --> 0:10:04.480 last week in Miami. I'm talking about the Bitcoin Conference. 0:10:04.480 --> 0:10:07.520 About thirty thousand people were there. I was there as 0:10:07.559 --> 0:10:09.839 an insider, as a speaker on the main stage. I 0:10:09.880 --> 0:10:12.400 got access to everything behind the scenes, including the parties 0:10:12.400 --> 0:10:14.160 and the meetings and so forth. I want to give 0:10:14.160 --> 0:10:17.559 you the nitty gritty details that only I got access to, 0:10:17.600 --> 0:10:19.120 but I'm gonna share them with you. Don't worry about 0:10:19.120 --> 0:10:21.080 that before we do. I got a special guest with 0:10:21.120 --> 0:10:25.200 me here. I'm talking about my daughter, La Moss. Hey, Ella, 0:10:26.960 --> 0:10:30.200 so Ell has never been on the radio before. And uh, 0:10:30.360 --> 0:10:32.520 she's a little bit of afraid. That's okay, no one's 0:10:32.559 --> 0:10:35.000 gonna be mean to her. And I just wanted to 0:10:35.000 --> 0:10:39.800 bring her on. She's here, and uh, just let's get 0:10:39.840 --> 0:10:44.160 a let's get a middle schoolers perspective. Now. Henry Ford 0:10:44.200 --> 0:10:46.880 said over a hundred years ago that if the American 0:10:46.920 --> 0:10:49.839 people knew how the banking system worked, there would be 0:10:49.920 --> 0:10:53.840 a revolution before the morning. Now there's a reason why 0:10:53.840 --> 0:10:56.240 nobody knows how the money system works, and that's because 0:10:56.480 --> 0:10:58.160 they don't want you to know, because there would be 0:10:58.200 --> 0:11:01.800 a revolution before the morning. So Ella, first thing I 0:11:01.840 --> 0:11:08.320 would ask you is, um, do you know what money is? Yes? Okay, 0:11:08.360 --> 0:11:11.319 So what is money? Money is a way of paying 0:11:11.360 --> 0:11:17.320 for things, a way to pay for things. So we 0:11:17.400 --> 0:11:20.760 call money like a medium of exchange. So you're exchanging 0:11:21.080 --> 0:11:23.679 the money for the good or service that you want. Right. 0:11:24.840 --> 0:11:27.560 And then if you wanted to sell something, like if 0:11:27.600 --> 0:11:29.600 you if you had like some old clothes or like 0:11:29.640 --> 0:11:32.000 your old bicycle, you want to sell what, you would 0:11:32.000 --> 0:11:35.520 sell it for money? So you're exchanging that thing for money. 0:11:36.520 --> 0:11:41.360 So money is a medium of exchange. Have you noticed 0:11:41.400 --> 0:11:45.040 that the prices of everything seems to be getting very expensive. 0:11:45.080 --> 0:11:49.440 Everything's going higher and higher and higher. You've noticed that. 0:11:50.520 --> 0:11:52.000 Of course, you just pay with my credit card, so 0:11:52.000 --> 0:11:53.840 you don't really notice it, but you see it. Right. 0:11:55.600 --> 0:11:57.760 Do you know why the prices of everything are going 0:11:57.800 --> 0:12:03.880 so high? Right now? Um? Yeah? Um? The people running it? 0:12:04.240 --> 0:12:09.880 And also what's it called supply and demand? Supply demand? 0:12:09.880 --> 0:12:11.720 Now she has a little bit of a head start 0:12:11.760 --> 0:12:13.760 because she's my daughter and she hears me talk about 0:12:13.760 --> 0:12:15.760 these things sometimes. Of course, every time I try and 0:12:15.800 --> 0:12:17.640 talk about it at at the kitchen table, she rolls 0:12:17.679 --> 0:12:19.280 her eyes and says, ah, Dad, I don't want to 0:12:19.280 --> 0:12:22.840 hear it anymore. Um, supplying demand. So what is supplying demand? 0:12:24.160 --> 0:12:29.360 It's it's the people that want to buy things and 0:12:30.400 --> 0:12:33.480 there's not enough, so it goes higher up in price. 0:12:34.080 --> 0:12:37.000 I don't think that was not really good explanation. So 0:12:37.280 --> 0:12:41.520 if you have more people wanting to buy something than 0:12:41.559 --> 0:12:44.480 there are things available, So if there was ten people 0:12:44.559 --> 0:12:48.440 trying to buy one house, what would happen? The price 0:12:48.480 --> 0:12:50.240 would go higher, The price of the house would go higher, 0:12:50.280 --> 0:12:52.880 why because more people want it? Okay, what if there 0:12:52.960 --> 0:12:55.719 was ten houses for sale but only one buyer, the 0:12:55.840 --> 0:12:59.360 prices would go down. The prices would go down. So 0:12:59.760 --> 0:13:02.040 that's supply and demand. So you can listen to these 0:13:02.720 --> 0:13:05.280 economists and they can make this super complex about the 0:13:05.280 --> 0:13:07.960 financial system and the interest rates and the yield curve controls, 0:13:07.960 --> 0:13:10.600 and they can talk about the bond rates and all 0:13:10.679 --> 0:13:13.480 these things, but just know that all prices are always 0:13:13.480 --> 0:13:16.520 going to be driven by supply and demand. Okay, So 0:13:16.840 --> 0:13:19.120 if supply and demand is driving prices and the prices 0:13:19.120 --> 0:13:22.680 of things are going higher than what's happening, it's going 0:13:22.880 --> 0:13:26.320 the prices going on there's more demand than there are prices, 0:13:26.400 --> 0:13:30.839 right or goods, goods and services, so, um, the things 0:13:30.840 --> 0:13:33.360 that you want to buy, your your new bicycle that 0:13:33.360 --> 0:13:35.800 we got you, or the food that you went and 0:13:35.840 --> 0:13:38.600 got earlier this morning, they got more expensive because we 0:13:38.679 --> 0:13:41.800 have more people wanting to buy those things than there 0:13:41.840 --> 0:13:45.640 are of those things available. Right now. We can get 0:13:45.640 --> 0:13:48.360 we can get complicated. So why are there not enough 0:13:48.400 --> 0:13:50.760 of those things? Well, there's a bunch of reasons, and 0:13:50.800 --> 0:13:53.199 so they can say, well, it's about supply chains, that's 0:13:53.200 --> 0:13:56.840 the problem. They can't get enough goods and services to us. Okay, 0:13:56.880 --> 0:14:00.000 but but why we used to get enough goods and services. 0:14:00.360 --> 0:14:04.520 Why not today? Well, that's because we have more demand 0:14:04.559 --> 0:14:05.920 than we used to have. And why do we have 0:14:05.920 --> 0:14:09.120 more demand, Well, because they printed a bunch of money. 0:14:09.160 --> 0:14:12.120 So back to supply and demand. If they if we 0:14:12.160 --> 0:14:15.320 have a limited amount of money, that money is has 0:14:15.360 --> 0:14:18.280 a certain value. But if they print way more money, 0:14:18.720 --> 0:14:22.920 what happens value? Oh, look at that. See it went 0:14:23.040 --> 0:14:26.080 down in value. So it's not that prices are getting 0:14:26.120 --> 0:14:29.400 more expensive. It's that our money is losing value. Even 0:14:29.960 --> 0:14:32.280 even a thirteen year old got that. So it's not 0:14:32.320 --> 0:14:34.080 that things are getting more expensive. Is that our money 0:14:34.200 --> 0:14:37.680 is losing value and that's why it takes more dollars 0:14:37.720 --> 0:14:41.080 to buy those things. Now, let me ask you a 0:14:41.080 --> 0:14:44.680 simple question. Um, you've done a pretty good job of 0:14:44.720 --> 0:14:47.720 saving money. I think it's in your wallet's stuck stuck 0:14:47.720 --> 0:14:51.800 in my safe somewhere. Right, would you rather that money 0:14:51.840 --> 0:14:54.640 that you have saved up? Would you rather that money 0:14:54.640 --> 0:14:59.560 buy you more goods and services in the future or less? Yeah, 0:14:59.640 --> 0:15:03.040 you'd rather to have it more? Right? You don't want less? No, 0:15:03.160 --> 0:15:05.640 I don't want less, right, And I would think everybody 0:15:05.640 --> 0:15:08.640 would want their money that they've been working and saving 0:15:08.720 --> 0:15:10.720 for their whole life, and so at some point you're 0:15:10.720 --> 0:15:12.680 gonna want to retire on your savings. You would want 0:15:12.720 --> 0:15:16.920 that to buy you more goods and services. Simple. But 0:15:17.000 --> 0:15:20.440 if they keep printing more money and the money keeps 0:15:20.480 --> 0:15:24.600 losing its value, then that money is going to be 0:15:24.640 --> 0:15:26.720 worth it's going to buy you less goods and services. 0:15:26.760 --> 0:15:29.840 That's not what you want right now. Um, there's a 0:15:29.880 --> 0:15:32.800 couple of guys over in Washington, d C. They decide 0:15:32.800 --> 0:15:36.320 if they want to print more money, and you don't 0:15:36.320 --> 0:15:38.200 have any say over it. They just print as much 0:15:38.200 --> 0:15:39.480 as they want whenever they want, and they put it 0:15:39.520 --> 0:15:41.000 in their own bank accounts and they get to buy 0:15:41.040 --> 0:15:44.400 whatever they want with it. Does that seem fair? So 0:15:44.440 --> 0:15:46.680 these guys can artificial They can just print more money 0:15:46.680 --> 0:15:48.560 whenever they want. They can go buy whatever stuff they 0:15:48.600 --> 0:15:50.800 want with that money they gave themselves. But when they 0:15:50.840 --> 0:15:53.200 did that, it made all your money that you have 0:15:53.280 --> 0:15:57.520 saved in my safe buy less goods and services. So 0:15:57.560 --> 0:16:01.320 they stole you're purchasing power, or they stole money from you, 0:16:03.160 --> 0:16:05.240 and they bought stuff with the money they stole from you. 0:16:06.120 --> 0:16:09.360 Does that sound fair? If you could, would you want 0:16:09.400 --> 0:16:12.320 to change that? What would you want to do? Like 0:16:12.400 --> 0:16:14.800 make it where they couldn't do that? Yeah, and some 0:16:14.960 --> 0:16:17.720 money stays the same word. Yeah, and they didn't just 0:16:17.760 --> 0:16:20.160 steal it by printing more and going and spending stuff. Right. 0:16:21.840 --> 0:16:24.000 Do you think if if the average people understood that 0:16:24.080 --> 0:16:26.200 guys in Washington and Critical print a bunch of money 0:16:26.200 --> 0:16:27.800 and buy a bunch of things for themselves and that 0:16:28.200 --> 0:16:30.680 literally stole money out of your safe, they'd be okay 0:16:30.720 --> 0:16:35.000 with that? They wouldn't, would they? That goes back to 0:16:35.360 --> 0:16:37.080 the quote, like I said, Henry Ford said, if people 0:16:37.120 --> 0:16:39.200 understood how it worked, there would be a revolution, Like 0:16:39.560 --> 0:16:42.520 you'd want to change that? Right? Like do you think 0:16:42.520 --> 0:16:44.880 it's crazy that they don't teach you that in school? Yeah? 0:16:47.200 --> 0:16:50.800 What do they teach you about money in school? Not 0:16:51.000 --> 0:16:53.280 a lot. Have they hught you anything about money? Not 0:16:53.400 --> 0:16:57.040 really like anything at all. Have you learned about like 0:16:57.080 --> 0:17:03.960 the history of money? No, so nothing you can think of. Yeah, 0:17:04.000 --> 0:17:06.199 well there you heard it. You heard it from a 0:17:06.200 --> 0:17:09.719 middle school. So this is someone that's growing up in 0:17:09.720 --> 0:17:12.359 a middle school there, in middle school in junior high 0:17:12.520 --> 0:17:15.160 and that's what they know. So that's a little illustration 0:17:15.160 --> 0:17:16.800 and That kind of goes back to why we're not 0:17:16.840 --> 0:17:20.280 pushing from mainstream adoption. Most people have no idea they 0:17:20.320 --> 0:17:22.960 we don't. We have first let them know there's a problem. 0:17:23.000 --> 0:17:26.119 So back to trying to convince someone they're starving. First, 0:17:26.200 --> 0:17:28.439 I'd have to first convince Ella that is she's starving. 0:17:28.520 --> 0:17:31.280 Convince her that there's this massive problem with the financial system. 0:17:31.400 --> 0:17:34.000 And then maybe if she gets that, then maybe she'd 0:17:34.000 --> 0:17:37.760 be willing to find the solution. Right, And that's exactly 0:17:37.800 --> 0:17:39.000 where right, and that's why we're not trying to push 0:17:39.000 --> 0:17:41.840 for mainstream adoption. However, you are listening to me right now, 0:17:41.840 --> 0:17:44.439 so you have this head start and so you're getting 0:17:44.480 --> 0:17:46.879 this And that is back to what I said earlier. 0:17:46.920 --> 0:17:49.240 That is your edge. You have a chance to front 0:17:49.320 --> 0:17:52.439 run Most people like Ella are older than Ella, but 0:17:52.480 --> 0:17:55.359 have never learned about the financial system. Now, um, hopefully 0:17:55.440 --> 0:17:56.960 that made sense, and I just wanted to kind of 0:17:57.000 --> 0:17:59.040 bring that in. She's here in the studio with me 0:17:59.119 --> 0:18:01.480 today and coming back from the Bitcoin conference, that was 0:18:01.480 --> 0:18:03.200 one of the big takeaways that I had. Now coming back, 0:18:03.200 --> 0:18:04.840 I'm gonna go back and I'm gonna tell you about 0:18:04.840 --> 0:18:06.880 the parties. I'm gonna tell you about the late night parties. 0:18:06.880 --> 0:18:08.920 I'm gonna tell you about what happened behind the scenes 0:18:09.240 --> 0:18:12.280 backstage in the speaker room, who I got to meet, 0:18:12.440 --> 0:18:14.119 and so much more. Don't go away, I'm gonna be 0:18:14.200 --> 0:18:16.600 right back, all right, Welcome back. You are listening to 0:18:16.720 --> 0:18:19.640 the Mark Moa Show. We're talking about bitcoin. We're talking 0:18:19.640 --> 0:18:22.919 about cryptocurrencies. We're talking about the decentralized revolution. We're talking 0:18:22.920 --> 0:18:26.000 about the intersection of politics, finance, and technology, how they 0:18:26.080 --> 0:18:30.040 all three come together and create this massive change into 0:18:30.080 --> 0:18:33.080 what we are seeing right now. Before the break, I 0:18:33.119 --> 0:18:35.760 talked about I was talking about some of this. Just 0:18:35.800 --> 0:18:39.679 got back from the Bitcoin Conference, the largest bitcoin kind 0:18:39.680 --> 0:18:42.040 of cryptocurrency gathering in the world. There was about thirty 0:18:42.080 --> 0:18:44.800 thousand people that showed up in Miami, Florida. I did 0:18:45.080 --> 0:18:47.879 broadcast live from there last week with a couple of 0:18:47.920 --> 0:18:49.840 interviews with some people that I had grabbed from around 0:18:49.840 --> 0:18:53.480 the conference. Hopefully enjoyed that, UM and I want to 0:18:53.520 --> 0:18:56.000 give you some of the behind the scenes takes that 0:18:56.080 --> 0:18:58.600 I had. As I said before the break, I was 0:18:58.640 --> 0:19:01.400 talking about why they was just everyone was talking about 0:19:01.400 --> 0:19:03.399 this big push. We have to have this push, push push. 0:19:03.520 --> 0:19:05.520 We need mainstream adoption and I said, well, we don't 0:19:05.520 --> 0:19:07.239 really and one of the reasons why we don't need 0:19:07.240 --> 0:19:09.720 it is because most people have no idea that why 0:19:09.800 --> 0:19:11.880 we would even need it. And so I just had 0:19:11.960 --> 0:19:14.919 my daughter on lamas just to kind of show you 0:19:14.920 --> 0:19:17.400 what what a junior hire knows about money. And this 0:19:17.480 --> 0:19:20.359 is someone who who lives in my house and listens 0:19:20.400 --> 0:19:23.120 to me talk all the time and has read and 0:19:23.119 --> 0:19:26.360 watched many videos. Um, and that's still where she's at. 0:19:26.400 --> 0:19:29.160 So just imagine that the rest of the kids probably 0:19:29.200 --> 0:19:31.200 sekew a little bit less than that. I guess was 0:19:31.280 --> 0:19:34.199 my guest. But um, act to the bigcoin conference. So 0:19:34.400 --> 0:19:36.200 um yeah, the largest crowd, right, like I said, about 0:19:36.200 --> 0:19:39.160 thirty thousand people. Was was pretty amazing to be there. Now, 0:19:39.200 --> 0:19:42.879 what's interesting about going there is that, you know, what 0:19:42.920 --> 0:19:45.280 mainstream media wants to tell us today is that we 0:19:45.400 --> 0:19:50.639 align on identity identity politics. You're black, you're white, you're Mexican, 0:19:50.720 --> 0:19:53.640 your woman, your male, your whatever sex you are. Your 0:19:53.680 --> 0:19:56.760 preference is this, you're gay, y're straight, whatever? Right, um, 0:19:56.840 --> 0:19:59.159 your religion, this religion, that whatever, And they wanted to 0:19:59.160 --> 0:20:04.240 divide us into all these different identities. Identity politics is 0:20:04.240 --> 0:20:07.520