Speaker 1: Everyone, Welcome to another episode of The Mark Moss Show
Speaker 1: where we talk about bitcoin. We talk about the intersection
Speaker 1: of politics, technology, and finance. We're talking about the decentralized
Speaker 1: revolution that is changing the world as we speak. Like
Speaker 1: I said, of course, that's bitcoin that is leading the charge.
Speaker 1: You know, the financial system, well, every system is changing
Speaker 1: right now, as we know what. The world is changing
Speaker 1: right before our very eyes. Lots of things about the
Speaker 1: world are changing the way that we interact, um, you know, politics, socially, culturally,
Speaker 1: um censoring you know speech. I mean, everything we know
Speaker 1: is just changing. Of course, the financial system is changing.
Speaker 1: And some of the biggest financial experts in the world
Speaker 1: that I really respect. I mean I'm talking about Ray Dalio.
Speaker 1: I just been reading his book The Changing New World Order. Uh.
Speaker 1: It's an amazing book. I highly recommend it. And he
Speaker 1: charts history. Of course, if you listen to the show
Speaker 1: on a regular basis, you know I'm a history buff.
Speaker 1: He charts the course of history. And these financial markets
Speaker 1: Zoltan pos Are. If you're in the financial world, you
Speaker 1: might know who that name is. He's been nailing this
Speaker 1: transition to this new financial system as well. But what
Speaker 1: both of them are missing. And I hate to say
Speaker 1: that because these guys have forgot more information than I'll
Speaker 1: probably ever know in my life. Uh. They're both giants,
Speaker 1: and I recommend that you listen to what they're saying.
Speaker 1: But glaringly missing is that neither one of them talks
Speaker 1: about technology. And when we look through thousands of years
Speaker 1: of history, what we see is that it's technology that
Speaker 1: changes the world, right, not politics, Uh, not social cultural issues, um,
Speaker 1: not even the money. Money is a cycle, and Radialio
Speaker 1: highlights that very well, that it's the cycle that repeats
Speaker 1: over and over and over. But it's technology that changes everything.
Speaker 1: And both of those uh financial giants will call them
Speaker 1: intellectual giants, completely miss that. And so I'm talking about
Speaker 1: the intersection of UM technology where it connects to finance
Speaker 1: and of course political issues, and so when you look
Speaker 1: at all three of those together, it brings everything into
Speaker 1: context and what's happening today now, I just got back
Speaker 1: from one of the largest conferences in the world to
Speaker 1: talk about that. Specifically, it was the Bitcoin conference I've
Speaker 1: been talking about on this channel for the last several weeks.
Speaker 1: You've probably been hearing me telling you about it. UM
Speaker 1: to buy your ticket and things like that, and so
Speaker 1: I want to give you UM an insider's perspective of
Speaker 1: what happened at the largest bitcoin conference, the largest cryptocurrency conference,
Speaker 1: maybe one of the largest conferences in the world. There
Speaker 1: was about they're expecting about thirty thousand people there. It
Speaker 1: was pretty massive, and I was a speaker on the
Speaker 1: main stage, I worked on the news desk. I'm gonna
Speaker 1: give you all that, but let's just say that I
Speaker 1: had behind the scenes access to all the biggest events,
Speaker 1: all the best speakers, all the best parties, and I'm
Speaker 1: gonna give you an insider's perspective on that. But before
Speaker 1: we do that, I wanted to do something else, and
Speaker 1: so UM one of the things that I found over
Speaker 1: and over and over at the Bitcoin conference was all
Speaker 1: these speakers kept talking about we gotta push adoption, we
Speaker 1: gotta push adoption, we gotta push adoption. And I said,
Speaker 1: my my unpopular opinion is that we don't. We don't
Speaker 1: have to push adoption, UM, because we don't need mass adoption.
Speaker 1: At some point. People will come in when they need it,
Speaker 1: but that we don't need to push for that. UM.
Speaker 1: And so an example of that would be UM in
Speaker 1: the nineties, there was no such thing as cell phones really,
Speaker 1: but there was some Wall Street traders and investors that
Speaker 1: had a lot of money, and they had a lot
Speaker 1: of money writing on their every move, and so they
Speaker 1: were able to spend a lot of money to build
Speaker 1: a mobile phone. And it was like a big old
Speaker 1: box right at the probably fifty dollars or whatever for
Speaker 1: this big old box of a phone. And they got
Speaker 1: those phones because they needed them. They had an urgent
Speaker 1: need for that um technology. But we didn't have to
Speaker 1: push for mainstream adoption for phones. We didn't need the
Speaker 1: whole world everyone needs a phone. Go, everyone got the phone.
Speaker 1: We we didn't need to do that. They needed it,
Speaker 1: there was a need for it, and then buy them.
Speaker 1: Pioneering that and spending that money. Then eventually we got
Speaker 1: phones for um I don't know, forty thousand and thirty
Speaker 1: thousand and twenty thousand and five thousand, and eventually now
Speaker 1: they're down to where everybody can afford them. And then
Speaker 1: everyone in the United States got a phone, which then
Speaker 1: made them cheap enough, which then people in Africa were
Speaker 1: able to get phones, and so we don't have to
Speaker 1: push for adoption. Uh. And there's and That's one of
Speaker 1: these why not everybody needs at the beginning. The other
Speaker 1: reason why is as I kind of made the case
Speaker 1: when I was working at the event, and I'm gonna
Speaker 1: get into some of the inside details, some of the
Speaker 1: juicy details, like I said, of of of an inside
Speaker 1: of the parties and the speakers and whatnot. But another
Speaker 1: thing that I was saying is that, um, something like
Speaker 1: I didn't look it up a forehead, but something like
Speaker 1: Americans today don't even have four hundred dollars saved up
Speaker 1: for an emergency expense. They don't even have that for savings.
Speaker 1: Those people, they don't need to worry about bitcoin or cryptocurrency.
Speaker 1: I don't need to push those people to adopt bitcoin
Speaker 1: or cryptocurrency. They're not even saving, they have nothing. Those
Speaker 1: people should be focused on making more money. That's what
Speaker 1: they should be focused on. How can they make more money,
Speaker 1: How can they cut their expenses, how can they get
Speaker 1: to a point where they're saving. And then at that
Speaker 1: point when they're saving money, then of course, hey, do
Speaker 1: you understand what's happening to your savings? They're losing value
Speaker 1: every year. Maybe you should buy bitcoin, cryptocind everything like that.
Speaker 1: But those people don't need to worry about So My
Speaker 1: point is we don't need to push for adoption. Um
Speaker 1: it's in marketing. We would say that it's much easier
Speaker 1: to sell food to someone who's starving then to first
Speaker 1: convince them that they're starving and then try to sell
Speaker 1: them food. If someone was drowning in a lake and
Speaker 1: there was a floatation device right next to them, I
Speaker 1: wouldn't have to convince them why they should grab that
Speaker 1: flotation device. They would just know the urgency would be
Speaker 1: so high that they would just grab it. And so again,
Speaker 1: at some point, everybody will know why they need it.
Speaker 1: I don't need to convince people today why they need it.
Speaker 1: In Venezuela, where the currency is blowing up by tent
Speaker 1: literally you have to get paid multiple times a day
Speaker 1: to go buy your goods because prices are going up
Speaker 1: so fast, you don't have to convince them why they
Speaker 1: need to put their money into something else. They already know.
Speaker 1: If you were in Canada a couple of weeks ago
Speaker 1: or a month ago, when people's bank accounts were getting
Speaker 1: frozen and they're being kicked out of the financial system,
Speaker 1: you didn't have to go convince them why they should
Speaker 1: get out of that money. They already knew the urgency
Speaker 1: wasn't high enough, and so we don't need to push
Speaker 1: UH for um mass adoption. Everybody will come in at
Speaker 1: the point when they feel the urgency to do that.
Speaker 1: You know, I also say that, like, I'm a big
Speaker 1: believer in chiropractic. I've gone to chiropractic most of my life.
Speaker 1: I love it, I believe in it. But even for
Speaker 1: someone like me who believes it, and I know a
Speaker 1: lot of you are thinking I'm crazy and you don't
Speaker 1: believe it, and that's okay, UM, But even for someone
Speaker 1: like me who does, I typically don't go and tell
Speaker 1: them in pain. And that's that urgency part that I'm
Speaker 1: talking about. UM. And so in bitcoin we might say
Speaker 1: that everybody will buy at the price they deserve, and
Speaker 1: so you cannot buy today, and that's fine. I don't
Speaker 1: need to convince you of that, UM. But at some
Speaker 1: point you're going to see that sense of urgency. At
Speaker 1: some point you're gonna realize like, oh shoot, I need
Speaker 1: to do something, and you'll just have to pay at
Speaker 1: that price. And some of you will catch on sooner
Speaker 1: because you're paying attention, UM, because you see opportunities or
Speaker 1: whatever it may be. UM, and you can get in
Speaker 1: at a lower price. UM. And that's just how it is,
Speaker 1: and it's not it's not mean, it's just the way
Speaker 1: it is now. Of course, I'm doing my part um
Speaker 1: here each and every week trying to explain this to
Speaker 1: you so you don't get left behind, so you can
Speaker 1: buy in earlier than everybody else. And by the way,
Speaker 1: if you haven't already, make sure to bookmark this day
Speaker 1: and time to join me each and every week. So
Speaker 1: if you're not driving, pull at your phone, put a
Speaker 1: calendar reminder to join me on this channel at this
Speaker 1: time each and every week, so I can explain to
Speaker 1: you what's going on with bitcoin and cryptocurrencies in this
Speaker 1: decentral revolution. Because everybody will get in at some point,
Speaker 1: it's just at what point are you going to get in?
Speaker 1: And so UM. With investing, we always have to have
Speaker 1: an edge. If you don't have an edge with investing,
Speaker 1: then I'm sorry. If you don't know what your edge
Speaker 1: is with investing, that means you don't have one. And
Speaker 1: so if you have information that most people don't have,
Speaker 1: like if you listen to me each and every week
Speaker 1: and you have that information, then you'll have an edge.
Speaker 1: Now to illustrate this, I'm going to UM bring on
Speaker 1: a special guest, and I want to bring on a
Speaker 1: special guest, very special guests. I'm talking about my daughter,
Speaker 1: La Moss, and she just turned thirteen. She's in middle school,
Speaker 1: and we're going to find out, UM, what people in
Speaker 1: middle school have been taught about money, UM, and what
Speaker 1: they think about bitcoin, and we'll start to see what
Speaker 1: this urgency is like. UM. So I want to ask
Speaker 1: her some questions. He's super embarrassed, but everyone's gonna welcome
Speaker 1: her and give her a good reception. Here in a second.
Speaker 1: By the way, you're listening to the Mark ma Show.
Speaker 1: Of course, we're talking about bitcoin, cryptocurrencies, the decentralized revolution.
Speaker 1: We're talking about the intersection of politics, finance, and technology,
Speaker 1: so we can put everything that we're seeing in the
Speaker 1: world into context today so we can navigate it correctly.
Speaker 1: Like I said, everyone's going to get in eventually, but
Speaker 1: at the price they deserve, and I want you to
Speaker 1: get in earlier. That's why I'm trying to give you the
Speaker 1: the information that you need. I'm gonna be back with her, UM,
Speaker 1: We're gonna talk about that for a couple of minutes,
Speaker 1: and then we're gonna say it. Like I said, I'm
Speaker 1: gonna talk to the I'm gonna give you the behind
Speaker 1: the scenes access to the Bitcoin conference. Um, you can
Speaker 1: only get it here. Don't go away, I'll bear it back.
Speaker 1: All right, Welcome back. You're listening to the Mark Mass Show,
Speaker 1: where we're talking about bitcoin and cryptocurrencies and the decentralized
Speaker 1: revolution the world is going through. Talking about the intersection
Speaker 1: of politics, technology, and finance. You have to understand all three.
Speaker 1: You can't just focus on politics or just finance because
Speaker 1: you won't understand the greater context of what's going on
Speaker 1: and of course how you should navigate through that. I
Speaker 1: told you before the break that I want to talk
Speaker 1: to you about what happened at world's largest bitcoin meeting
Speaker 1: last week in Miami. I'm talking about the Bitcoin Conference.
Speaker 1: About thirty thousand people were there. I was there as
Speaker 1: an insider, as a speaker on the main stage. I
Speaker 1: got access to everything behind the scenes, including the parties
Speaker 1: and the meetings and so forth. I want to give
Speaker 1: you the nitty gritty details that only I got access to,
Speaker 1: but I'm gonna share them with you. Don't worry about
Speaker 1: that before we do. I got a special guest with
Speaker 1: me here. I'm talking about my daughter, La Moss. Hey, Ella,
Speaker 1: so Ell has never been on the radio before. And uh,
Speaker 1: she's a little bit of afraid. That's okay, no one's
Speaker 1: gonna be mean to her. And I just wanted to
Speaker 1: bring her on. She's here, and uh, just let's get
Speaker 1: a let's get a middle schoolers perspective. Now. Henry Ford
Speaker 1: said over a hundred years ago that if the American
Speaker 1: people knew how the banking system worked, there would be
Speaker 1: a revolution before the morning. Now there's a reason why
Speaker 1: nobody knows how the money system works, and that's because
Speaker 1: they don't want you to know, because there would be
Speaker 1: a revolution before the morning. So Ella, first thing I
Speaker 1: would ask you is, um, do you know what money is? Yes? Okay,
Speaker 1: So what is money? Money is a way of paying
Speaker 1: for things, a way to pay for things. So we
Speaker 1: call money like a medium of exchange. So you're exchanging
Speaker 1: the money for the good or service that you want. Right.
Speaker 1: And then if you wanted to sell something, like if
Speaker 1: you if you had like some old clothes or like
Speaker 1: your old bicycle, you want to sell what, you would
Speaker 1: sell it for money? So you're exchanging that thing for money.
Speaker 1: So money is a medium of exchange. Have you noticed
Speaker 1: that the prices of everything seems to be getting very expensive.
Speaker 1: Everything's going higher and higher and higher. You've noticed that.
Speaker 1: Of course, you just pay with my credit card, so
Speaker 1: you don't really notice it, but you see it. Right.
Speaker 1: Do you know why the prices of everything are going
Speaker 1: so high? Right now? Um? Yeah? Um? The people running it?
Speaker 1: And also what's it called supply and demand? Supply demand?
Speaker 1: Now she has a little bit of a head start
Speaker 1: because she's my daughter and she hears me talk about
Speaker 1: these things sometimes. Of course, every time I try and
Speaker 1: talk about it at at the kitchen table, she rolls
Speaker 1: her eyes and says, ah, Dad, I don't want to
Speaker 1: hear it anymore. Um, supplying demand. So what is supplying demand?
Speaker 1: It's it's the people that want to buy things and
Speaker 1: there's not enough, so it goes higher up in price.
Speaker 1: I don't think that was not really good explanation. So
Speaker 1: if you have more people wanting to buy something than
Speaker 1: there are things available, So if there was ten people
Speaker 1: trying to buy one house, what would happen? The price
Speaker 1: would go higher, The price of the house would go higher,
Speaker 1: why because more people want it? Okay, what if there
Speaker 1: was ten houses for sale but only one buyer, the
Speaker 1: prices would go down. The prices would go down. So
Speaker 1: that's supply and demand. So you can listen to these
Speaker 1: economists and they can make this super complex about the
Speaker 1: financial system and the interest rates and the yield curve controls,
Speaker 1: and they can talk about the bond rates and all
Speaker 1: these things, but just know that all prices are always
Speaker 1: going to be driven by supply and demand. Okay, So
Speaker 1: if supply and demand is driving prices and the prices
Speaker 1: of things are going higher than what's happening, it's going
Speaker 1: the prices going on there's more demand than there are prices,
Speaker 1: right or goods, goods and services, so, um, the things
Speaker 1: that you want to buy, your your new bicycle that
Speaker 1: we got you, or the food that you went and
Speaker 1: got earlier this morning, they got more expensive because we
Speaker 1: have more people wanting to buy those things than there
Speaker 1: are of those things available. Right now. We can get
Speaker 1: we can get complicated. So why are there not enough
Speaker 1: of those things? Well, there's a bunch of reasons, and
Speaker 1: so they can say, well, it's about supply chains, that's
Speaker 1: the problem. They can't get enough goods and services to us. Okay,
Speaker 1: but but why we used to get enough goods and services.
Speaker 1: Why not today? Well, that's because we have more demand
Speaker 1: than we used to have. And why do we have
Speaker 1: more demand, Well, because they printed a bunch of money.
Speaker 1: So back to supply and demand. If they if we
Speaker 1: have a limited amount of money, that money is has
Speaker 1: a certain value. But if they print way more money,
Speaker 1: what happens value? Oh, look at that. See it went
Speaker 1: down in value. So it's not that prices are getting
Speaker 1: more expensive. It's that our money is losing value. Even
Speaker 1: even a thirteen year old got that. So it's not
Speaker 1: that things are getting more expensive. Is that our money
Speaker 1: is losing value and that's why it takes more dollars
Speaker 1: to buy those things. Now, let me ask you a
Speaker 1: simple question. Um, you've done a pretty good job of
Speaker 1: saving money. I think it's in your wallet's stuck stuck
Speaker 1: in my safe somewhere. Right, would you rather that money
Speaker 1: that you have saved up? Would you rather that money
Speaker 1: buy you more goods and services in the future or less? Yeah,
Speaker 1: you'd rather to have it more? Right? You don't want less? No,
Speaker 1: I don't want less, right, And I would think everybody
Speaker 1: would want their money that they've been working and saving
Speaker 1: for their whole life, and so at some point you're
Speaker 1: gonna want to retire on your savings. You would want
Speaker 1: that to buy you more goods and services. Simple. But
Speaker 1: if they keep printing more money and the money keeps
Speaker 1: losing its value, then that money is going to be
Speaker 1: worth it's going to buy you less goods and services.
Speaker 1: That's not what you want right now. Um, there's a
Speaker 1: couple of guys over in Washington, d C. They decide
Speaker 1: if they want to print more money, and you don't
Speaker 1: have any say over it. They just print as much
Speaker 1: as they want whenever they want, and they put it
Speaker 1: in their own bank accounts and they get to buy
Speaker 1: whatever they want with it. Does that seem fair? So
Speaker 1: these guys can artificial They can just print more money
Speaker 1: whenever they want. They can go buy whatever stuff they
Speaker 1: want with that money they gave themselves. But when they
Speaker 1: did that, it made all your money that you have
Speaker 1: saved in my safe buy less goods and services. So
Speaker 1: they stole you're purchasing power, or they stole money from you,
Speaker 1: and they bought stuff with the money they stole from you.
Speaker 1: Does that sound fair? If you could, would you want
Speaker 1: to change that? What would you want to do? Like
Speaker 1: make it where they couldn't do that? Yeah, and some
Speaker 1: money stays the same word. Yeah, and they didn't just
Speaker 1: steal it by printing more and going and spending stuff. Right.
Speaker 1: Do you think if if the average people understood that
Speaker 1: guys in Washington and Critical print a bunch of money
Speaker 1: and buy a bunch of things for themselves and that
Speaker 1: literally stole money out of your safe, they'd be okay
Speaker 1: with that? They wouldn't, would they? That goes back to
Speaker 1: the quote, like I said, Henry Ford said, if people
Speaker 1: understood how it worked, there would be a revolution, Like
Speaker 1: you'd want to change that? Right? Like do you think
Speaker 1: it's crazy that they don't teach you that in school? Yeah?
Speaker 1: What do they teach you about money in school? Not
Speaker 1: a lot. Have they hught you anything about money? Not
Speaker 1: really like anything at all. Have you learned about like
Speaker 1: the history of money? No, so nothing you can think of. Yeah,
Speaker 1: well there you heard it. You heard it from a
Speaker 1: middle school. So this is someone that's growing up in
Speaker 1: a middle school there, in middle school in junior high
Speaker 1: and that's what they know. So that's a little illustration
Speaker 1: and That kind of goes back to why we're not
Speaker 1: pushing from mainstream adoption. Most people have no idea they
Speaker 1: we don't. We have first let them know there's a problem.
Speaker 1: So back to trying to convince someone they're starving. First,
Speaker 1: I'd have to first convince Ella that is she's starving.
Speaker 1: Convince her that there's this massive problem with the financial system.
Speaker 1: And then maybe if she gets that, then maybe she'd
Speaker 1: be willing to find the solution. Right, And that's exactly
Speaker 1: where right, and that's why we're not trying to push
Speaker 1: for mainstream adoption. However, you are listening to me right now,
Speaker 1: so you have this head start and so you're getting
Speaker 1: this And that is back to what I said earlier.
Speaker 1: That is your edge. You have a chance to front
Speaker 1: run Most people like Ella are older than Ella, but
Speaker 1: have never learned about the financial system. Now, um, hopefully
Speaker 1: that made sense, and I just wanted to kind of
Speaker 1: bring that in. She's here in the studio with me
Speaker 1: today and coming back from the Bitcoin conference, that was
Speaker 1: one of the big takeaways that I had. Now coming back,
Speaker 1: I'm gonna go back and I'm gonna tell you about
Speaker 1: the parties. I'm gonna tell you about the late night parties.
Speaker 1: I'm gonna tell you about what happened behind the scenes
Speaker 1: backstage in the speaker room, who I got to meet,
Speaker 1: and so much more. Don't go away, I'm gonna be
Speaker 1: right back, all right, Welcome back. You are listening to
Speaker 1: the Mark Moa Show. We're talking about bitcoin. We're talking
Speaker 1: about cryptocurrencies. We're talking about the decentralized revolution. We're talking
Speaker 1: about the intersection of politics, finance, and technology, how they
Speaker 1: all three come together and create this massive change into
Speaker 1: what we are seeing right now. Before the break, I
Speaker 1: talked about I was talking about some of this. Just
Speaker 1: got back from the Bitcoin Conference, the largest bitcoin kind
Speaker 1: of cryptocurrency gathering in the world. There was about thirty
Speaker 1: thousand people that showed up in Miami, Florida. I did
Speaker 1: broadcast live from there last week with a couple of
Speaker 1: interviews with some people that I had grabbed from around
Speaker 1: the conference. Hopefully enjoyed that, UM and I want to
Speaker 1: give you some of the behind the scenes takes that
Speaker 1: I had. As I said before the break, I was
Speaker 1: talking about why they was just everyone was talking about
Speaker 1: this big push. We have to have this push, push push.
Speaker 1: We need mainstream adoption and I said, well, we don't
Speaker 1: really and one of the reasons why we don't need
Speaker 1: it is because most people have no idea that why
Speaker 1: we would even need it. And so I just had
Speaker 1: my daughter on lamas just to kind of show you
Speaker 1: what what a junior hire knows about money. And this
Speaker 1: is someone who who lives in my house and listens
Speaker 1: to me talk all the time and has read and
Speaker 1: watched many videos. Um, and that's still where she's at.
Speaker 1: So just imagine that the rest of the kids probably
Speaker 1: sekew a little bit less than that. I guess was
Speaker 1: my guest. But um, act to the bigcoin conference. So
Speaker 1: um yeah, the largest crowd, right, like I said, about
Speaker 1: thirty thousand people. Was was pretty amazing to be there. Now,
Speaker 1: what's interesting about going there is that, you know, what
Speaker 1: mainstream media wants to tell us today is that we
Speaker 1: align on identity identity politics. You're black, you're white, you're Mexican,
Speaker 1: your woman, your male, your whatever sex you are. Your
Speaker 1: preference is this, you're gay, y're straight, whatever? Right, um,
Speaker 1: your religion, this religion, that whatever, And they wanted to
Speaker 1: divide us into all these different identities. Identity politics is
Speaker 1: what we call it, and that's wrong. It's not the
Speaker 1: way that the world works. It's not the way that
Speaker 1: we identify. It's not the way that we align. We
Speaker 1: align on shared values. That's what we align in. Now
Speaker 1: when we at try to try to divide people by identities,
Speaker 1: the problem is is that we're lots of things. So like, um, well,
Speaker 1: I guess I belong in the Mail group. Um, I
Speaker 1: also belong in the California group. Can I belong in
Speaker 1: the mail and the California group at the same time.
Speaker 1: I'm also a surfer? Do I also align in the
Speaker 1: surfer group? So now I'm a surfer and I'm a
Speaker 1: California emin a mail So which one do I belong in? Right?
Speaker 1: And so we start trying to like break people up,
Speaker 1: but like I can belong to multiple different identities at
Speaker 1: the same time. And so what really happens is we
Speaker 1: align based off of values. And then values would be
Speaker 1: things like I value freedom. For example, I value UM, honesty,
Speaker 1: I value transparency. I value these types of things. Right,
Speaker 1: I value UM those things. And then the higher those
Speaker 1: values are, then um, the stronger that alliance can be.
Speaker 1: So I would consider myself, what I say, a freedom maximalist.
Speaker 1: I'm maximizing for freedom, and I want to align with
Speaker 1: other people that are freedom maximalists. If you're somebody who,
Speaker 1: um wants to be a little mini authoritarian and you
Speaker 1: want to tell people what they should do, what they
Speaker 1: can and can't do, but then you and I probably
Speaker 1: aren't going to align very well. We're probably not going
Speaker 1: to have very good conversations. We're not going to agree
Speaker 1: on things. And so what we see at the Bitcoin conference,
Speaker 1: we have twenty people there all aligning on shared values.
Speaker 1: And they're all different races and sexes and religions and
Speaker 1: preferences and everything you're gonna imagine, but it doesn't matter.
Speaker 1: It's not the identities that matter. They're all aligning on
Speaker 1: shared values of freedom, of monetary independence, on progress, on innovation,
Speaker 1: things like that, and so, UM, what you get is
Speaker 1: this like electricity in the air. I mean, everybody that
Speaker 1: you meet is just like somebody that you can connect
Speaker 1: with and like your friends with and like you you
Speaker 1: can have these deep conversations and it's just like it's
Speaker 1: just like electricity. I mean, just walking around, it's just
Speaker 1: awesome and you feel that. Um. And the other thing
Speaker 1: that we noticed is that with bitcoin specifically, not crypto.
Speaker 1: So I say bitcoin here, not crypto. And then then
Speaker 1: the reason why is because what happens with bitcoin is that, um,
Speaker 1: it changes you. Anyone who's been around bitcoin long enough
Speaker 1: knows that bitcoin changes you. And I spent a lot
Speaker 1: of time talking about this, partically at the at the
Speaker 1: event last week. Why why does bitcoin change you? How
Speaker 1: does it change you? Well, I think the biggest thing
Speaker 1: is is that bitcoin changes your time preference. So you
Speaker 1: can have a high time preference or a low time preference. Um,
Speaker 1: think about it like your long your your long term perspective.
Speaker 1: So unfortunately, the way most people are in the in
Speaker 1: the United State dates and maybe even the world today
Speaker 1: are our high time preference. They want instant gratification. If
Speaker 1: I don't get rich quick, if I don't see instant results,
Speaker 1: if I don't get what I want now right, well
Speaker 1: have this instant gratification. The problem is that in life,
Speaker 1: I hate to break it to you, but nothing good
Speaker 1: comes quickly, nothing good comes easy. All the best things
Speaker 1: require you to wait, to work hard, and things like that.
Speaker 1: And so, um, what bitcoin does is it changes that
Speaker 1: type preference to a low time preference. I mean I
Speaker 1: don't prefer time that much. It's very low. I have
Speaker 1: a long term perspective. So now I don't need to
Speaker 1: get rich by tonight. I just want to make sure
Speaker 1: that I have enough money to retire on right. Um,
Speaker 1: I can eat a healthy diet because I know that
Speaker 1: it's going to keep me healthy over the long term.
Speaker 1: I'm not trying to get like some lose weight quick
Speaker 1: you know scheme or something like that. And so what
Speaker 1: happens is what you see with bitcoiners is because they
Speaker 1: have this long term perspective. And the reason why I
Speaker 1: say that is people get into cryptocurrent see just how
Speaker 1: rich can I get? How much money? What's the next
Speaker 1: hot cryptocurrency? Mark the reason why I'm tuning indio so
Speaker 1: you can tell me about cryptocurrency to buy. What's the
Speaker 1: next one? Is? Is it another dog coin or some
Speaker 1: meme coin. I want to make twenty times my money
Speaker 1: in two weeks. If I don't make in two weeks,
Speaker 1: that I'm out right, it's it's a scam. But people
Speaker 1: don't come into bitcoin for that, right and you understand
Speaker 1: that like bitcoin is at whatever forty thousand today, it
Speaker 1: will probably be at a million dollars in the next decade.
Speaker 1: That's pretty damn good. The stock markets were turned about
Speaker 1: eight percent over the last whatever sixty eight years, six
Speaker 1: or eight percent. So if I can get a thirty X,
Speaker 1: that's amazing, and I gotta wait ten years, that's pretty
Speaker 1: dann good. But no crypto guys want to make that
Speaker 1: in two weeks. And so what happens is most bitcoiners
Speaker 1: come in, it changes their time preference. And when that
Speaker 1: starts to happen, they start to see lots of other things. So, um,
Speaker 1: it's that, And it's also people that have been able
Speaker 1: to put enough time in to understand everything they've been
Speaker 1: told isn't necessarily true or right. And so then they
Speaker 1: start to question other things like, well, if I've been
Speaker 1: misled or lied to about money, what else have I
Speaker 1: been lied and misled to? What about my health? The
Speaker 1: f d A tells me that I should eat seven
Speaker 1: servings of grains per day? Is that true? Well you
Speaker 1: quickly find out that's not. As a matter of fact,
Speaker 1: you take the FDA food pyramid. You should actually flip
Speaker 1: that upside down. You should actually do the opposite of
Speaker 1: what they tell you. Um, everything the medical system has
Speaker 1: told me, it's mostly wrong. Um, everything that these relationships
Speaker 1: people have told me it's mostly wrong, and you start
Speaker 1: to question everything. It's like cognitive dissidence. Um, if I
Speaker 1: believe this to be true, then everything else I know
Speaker 1: has to change is not true. And so then you
Speaker 1: have this long term time preference, and so you start
Speaker 1: thinking about your health. So most of the bitcoiners are
Speaker 1: really health conscious. A lot of them are carnivores. They
Speaker 1: just eat meat only, diets. Um. A lot of them
Speaker 1: think about savings, think about building. A lot of them
Speaker 1: have very good relationships. And you start start to see this.
Speaker 1: They're not spending flashy money on Lamborghinis and Ferraris and
Speaker 1: all these types of things. They're saving their building, they're growing,
Speaker 1: they're building farms, they're building food, they're building businesses. They're
Speaker 1: having a bunch of kids, right, things like that. Um.
Speaker 1: And then crypto crypto people is a little bit difference.
Speaker 1: And I'm gonna and the reason why I'm setting that
Speaker 1: up is because I'm gonna talk about some of these
Speaker 1: parties that I went to. So I went to a
Speaker 1: lot of parties. Um. In life, they say, it's not
Speaker 1: who you know, it's actually who knows you. And because
Speaker 1: I'm on the radio and I have a big YouTube
Speaker 1: channel and whatnot. A lot of people know me and
Speaker 1: I get invited to all the best parties. I got
Speaker 1: invited away more parties than I could go to. UM,
Speaker 1: I don't wanna tell you about some of the parties.
Speaker 1: I know you wanna know about that. I'm gonna tell you,
Speaker 1: like I said, about the behind the scenes, some of
Speaker 1: the people I met, some of the politicians I met, UM,
Speaker 1: I want to tell you more about the parties and
Speaker 1: some of the big announcements that came out. So don't
Speaker 1: go away. I'm gonna be right back. All right, welcome back.
Speaker 1: You are listening to the Mark Moa Show. We're talking
Speaker 1: about bitcoin and cryptocurrency and the decentralized revolution. We're talking
Speaker 1: about the intersection of politics, technology, and finance all coming
Speaker 1: together to change the world as we speak. And so
Speaker 1: I'm talking about the Bitcoin conference. I just got back.
Speaker 1: I was there for eight days in Miami, Florida, and
Speaker 1: it was it was big, and it was the intersection
Speaker 1: of those things. Politics. There was lots of politicians there. UM.
Speaker 1: Some of the more notable ones was Cynthia Loomas, Senator
Speaker 1: from Wyoming. She was there talking UM. She is a
Speaker 1: very big proponent of of bitcoin. We but we also
Speaker 1: had politicians for other countries. So we had dignitaries from
Speaker 1: El Salvador from Mexico. I gotta even hang out with
Speaker 1: Prince Philip, who's the Princess Serbia was there. Um, So
Speaker 1: we had we had politicians and dignitaries from the United
Speaker 1: States and all over the world were there. It was
Speaker 1: pretty cool. I was gonna talk to you about some
Speaker 1: of these parties I went to. So most of these
Speaker 1: bitcoin parties are bitcoiners that have these long term perspectives.
Speaker 1: And so the first night I was there, Um, Lawrence
Speaker 1: Lepard had had a kind of a big dinner with
Speaker 1: a bunch of bitcoiners. He's been on the radio show before,
Speaker 1: and so, uh, there was fifteen twenty I don't know
Speaker 1: twenty five people and we ate steak, big little steak.
Speaker 1: That's what bitcoin is like, That's what I like. I
Speaker 1: try to eat as much steak as I possibly can. Um.
Speaker 1: And then the next day we're at investor meetings. All
Speaker 1: day I was at UH. I'm a senior advisor for
Speaker 1: a venture capital fund called Trammel Venture Partners t v P,
Speaker 1: and we only invest into companies that are building on bitcoin,
Speaker 1: and that was pretty amazing. UM seeing all the companies
Speaker 1: that we've been investing in to come and do their
Speaker 1: product demos. You could not believe the technologies that are
Speaker 1: being built on bitcoin. If you aren't paying attention. A
Speaker 1: lot of times people think bitcoin's old technology and all
Speaker 1: the all the tech is being built on cryptocurrency and
Speaker 1: all coins, and that's just not true. The stuff that's
Speaker 1: being built on bitcoin would blow your mind. One of
Speaker 1: the biggest most anticipated releases is one called Impervious Um.
Speaker 1: It's a company that is going to blow your mind.
Speaker 1: It's a new browser, so like a Google browser for example,
Speaker 1: like a Google Chrome browser, but it has everything built in.
Speaker 1: So you have Zoom but without Zoom. What does that mean, Well,
Speaker 1: I don't have to use a company like Zoom or
Speaker 1: a company like Google Meat. I can just go video
Speaker 1: peer to peer between me and the other person without
Speaker 1: somebody in the middle trying to stop that block out
Speaker 1: the prevented or spy on me. We have Chat and
Speaker 1: I can do chat peer to peer from person to
Speaker 1: person without having to go through Google servers. I can
Speaker 1: use Google like it has like a Google Docs built in,
Speaker 1: except for Google doesn't have access to it. They can't
Speaker 1: spy on me, they can't watch it. It's my docs,
Speaker 1: and I can share them directly peer to peer with
Speaker 1: another person. It's pretty amazing what Impervious is doing. I
Speaker 1: think there's gonna be a full score release here in
Speaker 1: a couple weeks, pretty amazing. A bunch of more technologies
Speaker 1: that were coming out, that's pretty cool. Then then I
Speaker 1: got to go to, uh see the ambassador of El Salvador.
Speaker 1: So a lot of you guys that don't know or
Speaker 1: you should know by now, that El Salvador was the
Speaker 1: first country to make bitcoin legal tender. The president of
Speaker 1: El Salvadore was supposed to be there at the conference.
Speaker 1: He didn't end up making it, but the ambassador was there.
Speaker 1: I got to go to a little private function with
Speaker 1: with her. I meet her. That was pretty cool. And
Speaker 1: then um, I Heart Media had a party with Galaxy Digital.
Speaker 1: And Galaxy Digital is a cryptocurrency fund, not a bitcoin fund,
Speaker 1: a cryptocurrency fund, and it was amazing to see this
Speaker 1: glaring difference of going from like this bitcoin venture fund
Speaker 1: all day and then going to a crypto fund. And remember,
Speaker 1: the bitcoiners have this like long term time perspective, so
Speaker 1: they're they're investing their money. They're building real things, and
Speaker 1: Crypto was like all flash. And we went to this
Speaker 1: party and it was like a hundred people were there
Speaker 1: and they had this DJ that's that played for eighty
Speaker 1: five thousand people like the week before, and he was
Speaker 1: here playing for like a hundred people. So they probably
Speaker 1: paid all kinds of crazy money. You know, these are
Speaker 1: the beautiful people wearing their expensive outfits and they probably
Speaker 1: drove there in their Lamborghinis and whatever. And just what
Speaker 1: a glaring difference. Like we were eating steak before and
Speaker 1: here we are there, We're getting like little orders of
Speaker 1: like lobster bisku or something right, like just like little
Speaker 1: mouth little bites. Um. And it was just, uh, the
Speaker 1: glaring difference of having going from one to the other.
Speaker 1: It was pretty interesting. But she it out to iHeart
Speaker 1: Media and Galaxy for putting that on. And then let's
Speaker 1: see what else did we do? Um. Well, one of
Speaker 1: my good friends, Robert breedlove how to sit down private
Speaker 1: function with Jordan Peterson. And if you don't know Jordan Peterson,
Speaker 1: and then I don't know where the heck you've been
Speaker 1: living in this world? Uh, he's I would have to say,
Speaker 1: he's probably the smartest intellectual alive today in my opinion,
Speaker 1: and um, that's just my opinion. I could be wrong.
Speaker 1: I don't know how to quantify that. If you're not
Speaker 1: listening to Jordan Peterson, you should be check them out
Speaker 1: on YouTube. But they they sat down and they talked
Speaker 1: about things from a first principles level, so understanding what
Speaker 1: we call a priori truth. These are things that are
Speaker 1: known to be true. And they built on this conversation.
Speaker 1: It was amazing. Um. And then we hung out and
Speaker 1: it was like all these bitcoiners there and Robert Breedlove
Speaker 1: and Jordan Peterson hanging out. And then I left there
Speaker 1: and I went to this other party that was put
Speaker 1: on by Jim and I and it was at this
Speaker 1: uh at this mansion on this island, and very exclusive island.
Speaker 1: You have to have a go through a gate just
Speaker 1: to get on the island. And and again I get there,
Speaker 1: like a hundred people out the side, and it's like
Speaker 1: the most beautiful people you've ever seen, like the beautiful
Speaker 1: girls and guys dressed up. I'm like, oh man, where
Speaker 1: the heck am? I And I go in and like
Speaker 1: these DJ spinning and like all these ice sculptures and bars,
Speaker 1: and I'm like, where am I at? This is crazy?
Speaker 1: This is like pure fiat. That's what we call. It's like,
Speaker 1: it's like pure fiat. And uh, luckily I was able
Speaker 1: to find some people I knew when we kind of
Speaker 1: had this little private area. Um. It was a pretty
Speaker 1: crazy party. But again, just this glaring difference of bitcoin.
Speaker 1: And I don't want to say the bitcoinners are no fun.
Speaker 1: It's just just a different story. Um. But it was
Speaker 1: an amazing time. I tried to take it easy because
Speaker 1: like eight days, they're talking to thousands of people, shaking
Speaker 1: thousands of hands. Um. I did a book launch. Um,
Speaker 1: so for those you guys that don't know, I launched
Speaker 1: a book at the Bitcoin conference. Is called the Uncommunist Manifesto.
Speaker 1: You can check it out at Uncommunist dot com. We
Speaker 1: got about I think five or six more days left
Speaker 1: of our kickstarter campaign if you want to check that
Speaker 1: out and support it Uncommunist dot com. But at at
Speaker 1: the Bitcoin Conference a couple two days I did book
Speaker 1: signings there was pretty awesome. And then I told you
Speaker 1: I worked the news desk, so I gotta work that
Speaker 1: with Mr wonderful Kevenal area was pretty awesome. Alex Gladstein,
Speaker 1: who runs the Human Rights Foundation. We talked about how
Speaker 1: bitcoin is solving human rights issues around the world, like
Speaker 1: North Korea, like in Tongo, UM, you know, all throughout Africa, UM, Lebanon,
Speaker 1: et cetera. Was pretty amazing. I gotta share the news
Speaker 1: desk with Andrew Yang, former presidential candidate. UM was pretty amazing.
Speaker 1: Um man, so much happened there, let's see. Oh and
Speaker 1: some big announcements. One of the biggest announcements. And again
Speaker 1: people think that bitcoin is old technology, it's too slow,
Speaker 1: it can't be used for payments. Um, it's only good
Speaker 1: for store of value. But again they don't understand what
Speaker 1: they're talking about. And so a big announcement was made
Speaker 1: with Strike and Strike uses what's called Layer two, so
Speaker 1: it's allows bitcoin to be transferred almost at the speed
Speaker 1: of light and almost for free, and so you can
Speaker 1: actually transfer bitcoin faster and cheaper than another cryptocurrency. And
Speaker 1: they announced that they just made it a partnership with Shopify.
Speaker 1: So now all Shopify stores, when you go to check out,
Speaker 1: you can choose credit card like you could choose PayPal,
Speaker 1: and now you can choose bitcoin right there. All the
Speaker 1: Shopify stores that they announce the partnership with that And
Speaker 1: I was in cr I believe, which is the largest
Speaker 1: payment processor for stores. So stores use like a POS
Speaker 1: a point of sale terminal to run your credit card,
Speaker 1: and this company runs one out of every six payment
Speaker 1: terminals in the country and they will all now be
Speaker 1: accepting bitcoin um using this lightning rail. And so that's amazing.
Speaker 1: So expect to see that happening very very quickly. About
Speaker 1: one in six stores will now be accepting bitcoin completely
Speaker 1: bypassing the entire dollar payment network. Pretty amazing to see
Speaker 1: that happen. So remember, with the new technology, we're looking
Speaker 1: at two things, right, We're looking at user growth, the
Speaker 1: amount of users on the network are they growing and
Speaker 1: the development that's happening on the network. And so um
Speaker 1: the Bitcoin conference two years ago or three years ago had,
Speaker 1: you know, a few thousand people. Last year was ten
Speaker 1: thousand people. This year was thirty thousand people. So the
Speaker 1: rate of users is growing so fast it's hard to
Speaker 1: even comprehend. And the development happening is so fast that
Speaker 1: now it was announced that all shopify stores and one
Speaker 1: in six retail stores with a credit card terminal will
Speaker 1: now be accepting bitcoin. Not x y Z crypto, not ethereum,
Speaker 1: not x RP, not Cardano, not fill in the blank,
Speaker 1: but using bitcoin. Pretty amazing time at the Bitcoin conference.
Speaker 1: Hopefully you enjoyed some of that behind the scenes stuff.
Speaker 1: Um check out my Instagram at one Mark Moss you
Speaker 1: can see some of my stories and photos and some
Speaker 1: things like that. And of course said follow me on
Speaker 1: Twitter as well at one Mark Moss and check out
Speaker 1: the book Uncommunist dot com. Like I said, we still
Speaker 1: got a few more days left in the launch if
Speaker 1: you want to support that. But this space is growing
Speaker 1: and everyone's gonna get in at the price they deserve.
Speaker 1: You can either get in now and front run everybody else,
Speaker 1: or you can wait until you're starving or drowning like
Speaker 1: my analogy, and grab it. Then that's what I got
Speaker 1: here today. Thanks for listening, See you next time.