1 00:00:00,080 --> 00:00:02,680 Speaker 1: Hello, and welcome to another episode of The Markmas Show, 2 00:00:02,680 --> 00:00:05,280 Speaker 1: where we talk about, of course, the decentralized revolution, how 3 00:00:05,320 --> 00:00:09,240 Speaker 1: the world is changing, it's decentralizing, it's breaking apart. Of course, 4 00:00:09,280 --> 00:00:11,720 Speaker 1: we're talking about deglobalization, all those things, and we look 5 00:00:11,720 --> 00:00:15,000 Speaker 1: at it through the lens of politics, finance, and technology. 6 00:00:15,040 --> 00:00:17,479 Speaker 1: And luckily for me, there's a lot to talk about 7 00:00:17,520 --> 00:00:20,320 Speaker 1: because Whitman the thing, the world is changing super fast. 8 00:00:21,520 --> 00:00:23,760 Speaker 1: For everybody else, it can be stressful. I get it. 9 00:00:23,960 --> 00:00:26,920 Speaker 1: I understand if you don't understand what's going on or 10 00:00:26,960 --> 00:00:29,720 Speaker 1: where things are going and stressful, but we'll hopefully break 11 00:00:29,720 --> 00:00:31,280 Speaker 1: through some of that today. I want to talk about, 12 00:00:31,480 --> 00:00:33,959 Speaker 1: of course, I talk about the lens of politics, finance, 13 00:00:34,040 --> 00:00:37,640 Speaker 1: and technology together. They all move together, and I believe 14 00:00:37,640 --> 00:00:39,880 Speaker 1: that we have to look at those things in context. 15 00:00:40,120 --> 00:00:42,840 Speaker 1: And I want to talk about something today. I want 16 00:00:42,840 --> 00:00:45,519 Speaker 1: to talk about a new types of technology that are 17 00:00:45,600 --> 00:00:50,480 Speaker 1: developing right now that will change both politics and finance. 18 00:00:51,440 --> 00:00:54,720 Speaker 1: And there's two pieces of technology. Really there's a third. 19 00:00:54,760 --> 00:00:57,680 Speaker 1: We're gonna talk about two today that I am really 20 00:00:57,680 --> 00:01:02,120 Speaker 1: excited for all throughout. His technology is what changes the 21 00:01:02,200 --> 00:01:04,760 Speaker 1: world more than anything. It changes the way that we 22 00:01:05,000 --> 00:01:08,119 Speaker 1: communicate changes the way we organize and changes the way 23 00:01:08,160 --> 00:01:12,880 Speaker 1: that the politics works everything, And like I said, we 24 00:01:13,000 --> 00:01:15,479 Speaker 1: have massive change today. And what I believe is that 25 00:01:15,600 --> 00:01:17,880 Speaker 1: solutions are supposed to come to problems. That's the way 26 00:01:17,880 --> 00:01:20,520 Speaker 1: it's supposed to work. There's a big problem and then 27 00:01:21,120 --> 00:01:23,200 Speaker 1: a piece of technology comes to solve that. But then 28 00:01:23,240 --> 00:01:25,080 Speaker 1: it changes things. And that's what we're gonna talk about. So, 29 00:01:25,120 --> 00:01:27,959 Speaker 1: like I said, there's two pieces of technology that I 30 00:01:28,000 --> 00:01:30,720 Speaker 1: am super excited about. You know, I got to a 31 00:01:30,760 --> 00:01:33,400 Speaker 1: point where I was like, you know, the last hundred years, 32 00:01:33,400 --> 00:01:35,360 Speaker 1: one hundred and twenty years, we had the invention of 33 00:01:35,360 --> 00:01:39,160 Speaker 1: the automobile, and then we had space travel, and then 34 00:01:39,160 --> 00:01:41,520 Speaker 1: we had personal computers, and then we have the Internet, 35 00:01:41,760 --> 00:01:44,440 Speaker 1: and all these things happen, and it seemed like myself 36 00:01:44,480 --> 00:01:45,960 Speaker 1: and maybe even a lot of other people kind of 37 00:01:46,000 --> 00:01:48,680 Speaker 1: seem like technology sort of stalled out a little bit, 38 00:01:48,720 --> 00:01:51,640 Speaker 1: like man, we've we've we've got all the technology games 39 00:01:51,680 --> 00:01:54,080 Speaker 1: we're gonna get Like now it's just going to be small, incremental, 40 00:01:54,120 --> 00:01:57,080 Speaker 1: like what more can we do? But I've changed my 41 00:01:57,120 --> 00:01:59,120 Speaker 1: mind on that, and I believe that the next five 42 00:01:59,240 --> 00:02:01,760 Speaker 1: years are going to change more than we'll even know. 43 00:02:02,600 --> 00:02:04,240 Speaker 1: And so there's two pieces of technology I want to 44 00:02:04,240 --> 00:02:09,720 Speaker 1: talk about that really are super super important for today, 45 00:02:09,840 --> 00:02:12,520 Speaker 1: but they're also they also help us understand what the 46 00:02:12,520 --> 00:02:16,280 Speaker 1: heck is going on today. Now. Part of what's given 47 00:02:16,320 --> 00:02:18,200 Speaker 1: me some of the context is I'm starting to read 48 00:02:18,200 --> 00:02:20,919 Speaker 1: a new book. The book is called The Revolt of 49 00:02:20,960 --> 00:02:24,640 Speaker 1: the Public. Then the author is Martin Gurry. For a 50 00:02:24,639 --> 00:02:26,800 Speaker 1: fun fact, I'm going to have him on the podcast 51 00:02:26,840 --> 00:02:28,400 Speaker 1: next week. We're going to interview with him. So of 52 00:02:28,480 --> 00:02:30,919 Speaker 1: course I'm reading his book, and The Revolt of the Public, 53 00:02:30,960 --> 00:02:32,840 Speaker 1: if I'm going to summarize it real quick, is talking 54 00:02:32,840 --> 00:02:38,080 Speaker 1: about how the public, you and I are revolting against authoritarians, 55 00:02:38,120 --> 00:02:41,800 Speaker 1: against leadership, against what he would call the center. So 56 00:02:41,880 --> 00:02:44,760 Speaker 1: you have the center, which is the establishment, and then 57 00:02:44,800 --> 00:02:47,040 Speaker 1: you have the fringe or what he calls the border. 58 00:02:47,919 --> 00:02:49,640 Speaker 1: And what he's talking about is the revolt of the public. 59 00:02:49,680 --> 00:02:53,480 Speaker 1: And the reason why is because what he's calling as technology. 60 00:02:54,080 --> 00:02:57,359 Speaker 1: So all throughout history, as far back as we can go, 61 00:02:58,400 --> 00:03:01,280 Speaker 1: those who want to control us, those who want power 62 00:03:01,400 --> 00:03:05,400 Speaker 1: over us, have to control the flow of information, and 63 00:03:05,440 --> 00:03:08,440 Speaker 1: they need to tell us the story. They need to 64 00:03:08,480 --> 00:03:10,600 Speaker 1: control that story. They need to control the narrative so 65 00:03:10,639 --> 00:03:13,440 Speaker 1: that they can control what goes in our head and 66 00:03:13,440 --> 00:03:16,360 Speaker 1: then ultimately control what we desire and what we don't desire. 67 00:03:17,080 --> 00:03:19,560 Speaker 1: And they've done pretty well with that because up until 68 00:03:20,200 --> 00:03:24,760 Speaker 1: about five hundred years ago, information didn't really move very freely. 69 00:03:24,760 --> 00:03:26,280 Speaker 1: As a matter of fact, he talks about like five 70 00:03:26,320 --> 00:03:29,960 Speaker 1: phases of information. Don't worry, we're gonna pass the information side. 71 00:03:29,960 --> 00:03:31,079 Speaker 1: I don't want to kind of frame this up for you, 72 00:03:31,120 --> 00:03:33,359 Speaker 1: but there's like five phases of information, and of course 73 00:03:33,400 --> 00:03:35,440 Speaker 1: it goes with spoken word, and then of course then 74 00:03:35,440 --> 00:03:38,120 Speaker 1: there was a written text and there's different things. But 75 00:03:38,160 --> 00:03:41,400 Speaker 1: it wasn't really until the fifteen hundreds, and actually the 76 00:03:41,400 --> 00:03:44,000 Speaker 1: fourteen hundreds, to be exact, is when a new piece 77 00:03:44,040 --> 00:03:46,040 Speaker 1: of technology was created. I talked about all the time. 78 00:03:46,240 --> 00:03:50,720 Speaker 1: It was the Gutenberg printing press, and what that did. 79 00:03:50,800 --> 00:03:53,120 Speaker 1: At the time that the church and the state were 80 00:03:53,880 --> 00:03:58,040 Speaker 1: basically telling the people what the Bible said, They were 81 00:03:58,160 --> 00:04:04,480 Speaker 1: distorting the truth, they were creating misinformation, telling them lies 82 00:04:04,520 --> 00:04:07,040 Speaker 1: about what the actual Bible said, what the document said, 83 00:04:07,560 --> 00:04:10,080 Speaker 1: and they did that in order to control the people. 84 00:04:10,600 --> 00:04:12,760 Speaker 1: But when the printing press came out, the first book 85 00:04:12,760 --> 00:04:15,080 Speaker 1: they started printing was the Bible. It was invented so 86 00:04:15,120 --> 00:04:17,279 Speaker 1: they could produce the Bible, and they produced the Bible 87 00:04:17,320 --> 00:04:20,000 Speaker 1: in mass, and as the people got the Bible, they 88 00:04:20,000 --> 00:04:21,920 Speaker 1: started to read it directly, and they said, wait a minute, 89 00:04:22,080 --> 00:04:24,920 Speaker 1: this isn't what our leaders have been telling us. They've 90 00:04:24,920 --> 00:04:27,520 Speaker 1: been lying to us all a line. We don't need them, 91 00:04:27,600 --> 00:04:29,200 Speaker 1: We don't have to do these things. We can have 92 00:04:29,279 --> 00:04:31,400 Speaker 1: our own path to God. We don't have to follow that. 93 00:04:32,080 --> 00:04:34,159 Speaker 1: And so all of a sudden there was a revolt 94 00:04:34,200 --> 00:04:39,919 Speaker 1: against this established order, the establishment, the combined church and state, 95 00:04:39,960 --> 00:04:43,320 Speaker 1: who had been lying, who had been spreading misinformation were 96 00:04:43,360 --> 00:04:45,520 Speaker 1: now found out. Now, of course, they didn't like that, 97 00:04:45,560 --> 00:04:47,000 Speaker 1: and so they tried to they try to stop it. 98 00:04:47,080 --> 00:04:49,839 Speaker 1: Right of course, so anybody who spoke out against that 99 00:04:49,960 --> 00:04:52,440 Speaker 1: was labeled a heretic. It was called heresy, and it 100 00:04:52,480 --> 00:04:56,560 Speaker 1: was punishable by death. And the state, the establishment at 101 00:04:56,560 --> 00:05:00,080 Speaker 1: the time, tried everything they could to stop that is 102 00:05:00,120 --> 00:05:02,839 Speaker 1: that even punishable by death. But it didn't matter, because 103 00:05:02,920 --> 00:05:05,560 Speaker 1: once the information was out there, once that genie was 104 00:05:05,560 --> 00:05:07,720 Speaker 1: out of the bottle, it couldn't go back. They say, 105 00:05:07,760 --> 00:05:10,280 Speaker 1: there's a no standing army is a match for a 106 00:05:10,279 --> 00:05:12,080 Speaker 1: good idea whose time has come. And so once that 107 00:05:12,160 --> 00:05:14,880 Speaker 1: information has been out it didn't matter. And as a 108 00:05:14,880 --> 00:05:18,159 Speaker 1: matter of fact, the more that the state tried to 109 00:05:18,200 --> 00:05:21,520 Speaker 1: suppress that information, the more they tried to discredit people, 110 00:05:21,600 --> 00:05:25,800 Speaker 1: suppress information, distort, manipulate, etc. And even kill. The more 111 00:05:25,839 --> 00:05:28,880 Speaker 1: they did that, it just brought even more attention to 112 00:05:28,920 --> 00:05:31,800 Speaker 1: what was going on. And of course that changed the world. 113 00:05:32,360 --> 00:05:35,360 Speaker 1: The state lost the power. We're in from a very 114 00:05:35,400 --> 00:05:38,760 Speaker 1: centralized world to more of a decentralized world where everybody 115 00:05:38,839 --> 00:05:40,640 Speaker 1: kind of spread out, went back into the farm and 116 00:05:41,279 --> 00:05:43,960 Speaker 1: farm and cottage industry. Now, I want to frame that 117 00:05:44,040 --> 00:05:47,400 Speaker 1: up because we're witnessing something else happening today, and this 118 00:05:47,480 --> 00:05:49,240 Speaker 1: is what is framed up in this book, the Revolt 119 00:05:49,279 --> 00:05:50,760 Speaker 1: of the public. And we're gonna get into the two 120 00:05:50,800 --> 00:05:53,440 Speaker 1: technologies that are popping up because of this. But basically 121 00:05:53,440 --> 00:05:55,880 Speaker 1: the revolt of the public is is a continuation of that. 122 00:05:55,960 --> 00:05:59,480 Speaker 1: So once the people surprise, surprise, Once the people can 123 00:05:59,480 --> 00:06:02,800 Speaker 1: get their own information and can think for themselves, they 124 00:06:02,800 --> 00:06:05,599 Speaker 1: don't want to be lied to and told what to 125 00:06:05,640 --> 00:06:09,440 Speaker 1: do by some arbitrary power that has tried to establish 126 00:06:09,440 --> 00:06:16,480 Speaker 1: themselves there, sobrise surprise. Right. So the goal of authoritarian 127 00:06:16,680 --> 00:06:19,600 Speaker 1: is to try to control the flow of information. Now, 128 00:06:19,640 --> 00:06:21,200 Speaker 1: what he's calling the roles of the public is that 129 00:06:21,240 --> 00:06:23,560 Speaker 1: we have a new technology about five hundred years later 130 00:06:23,800 --> 00:06:26,440 Speaker 1: called the Internet. And what the Internet has done is 131 00:06:26,480 --> 00:06:31,000 Speaker 1: for the first time allowed for massive amounts of information 132 00:06:31,080 --> 00:06:34,559 Speaker 1: to be created, to be transferred. But it was also 133 00:06:34,640 --> 00:06:39,240 Speaker 1: done as it's broken down authority structure. So in two 134 00:06:39,279 --> 00:06:41,760 Speaker 1: thousand and one, So you know, it depends on where 135 00:06:41,760 --> 00:06:43,440 Speaker 1: you want to pencil or put your finger on where 136 00:06:43,440 --> 00:06:46,040 Speaker 1: the creation of the Internet was, but probably the dot 137 00:06:46,040 --> 00:06:48,400 Speaker 1: com boom nineteen ninety nine and the dot com crash 138 00:06:48,440 --> 00:06:51,000 Speaker 1: two thousand. So kind of looking at two thousand, let's 139 00:06:51,000 --> 00:06:53,400 Speaker 1: go one year past the two thousand dot com boom 140 00:06:53,920 --> 00:06:58,000 Speaker 1: bust in two thousand and one, per the book, in 141 00:06:58,040 --> 00:07:01,760 Speaker 1: two thousand and one is an amazing act. More information 142 00:07:02,480 --> 00:07:05,960 Speaker 1: was created in two thousand and one than all of 143 00:07:06,040 --> 00:07:10,640 Speaker 1: humanity before that. That's amazing. And two thousand and two 144 00:07:11,000 --> 00:07:14,200 Speaker 1: saw it double. In two thousand and three saw it 145 00:07:14,280 --> 00:07:17,760 Speaker 1: double again. And now we're on this exponential path of information. 146 00:07:17,760 --> 00:07:20,280 Speaker 1: Now information could be created instantly, it could be shared 147 00:07:20,280 --> 00:07:21,800 Speaker 1: at the speed of light, and it could be shared 148 00:07:21,800 --> 00:07:24,000 Speaker 1: with people all over the world, millions and millions of 149 00:07:24,000 --> 00:07:26,760 Speaker 1: people with a push of a button. Now the problem 150 00:07:26,840 --> 00:07:31,320 Speaker 1: is that the authoritarians, the governments, the leaders, the establishment, 151 00:07:31,760 --> 00:07:35,000 Speaker 1: wants to pretend they want to put themselves up on 152 00:07:35,000 --> 00:07:38,000 Speaker 1: a pedestal like they are the authority. We should only 153 00:07:38,040 --> 00:07:40,800 Speaker 1: listen to them. The problem is that they tell us something. 154 00:07:41,160 --> 00:07:45,480 Speaker 1: And actually I believe it was called Cronkite Gate. Walter Kronkite, 155 00:07:45,480 --> 00:07:49,680 Speaker 1: a famous newscaster. He put out a news story that 156 00:07:49,960 --> 00:07:54,200 Speaker 1: wasn't accurate, and the people were able to pick that 157 00:07:54,280 --> 00:07:57,080 Speaker 1: apart very quickly and discredit him, and that was kind 158 00:07:57,120 --> 00:08:00,640 Speaker 1: of the fall of this, the start of this, this revolt. 159 00:08:00,640 --> 00:08:02,640 Speaker 1: And he goes on and talks about over and over 160 00:08:02,680 --> 00:08:05,800 Speaker 1: and over how this has taken place, how the Arab spring, 161 00:08:06,200 --> 00:08:09,640 Speaker 1: you know in the Middle East, how that fell, how 162 00:08:09,760 --> 00:08:13,920 Speaker 1: revolt revolution happened in Iran, in Egypt, and it happens 163 00:08:13,920 --> 00:08:17,520 Speaker 1: over and over because the government isn't able, the authoritarians 164 00:08:17,520 --> 00:08:21,000 Speaker 1: aren't able to control the flow of information anymore. And 165 00:08:21,040 --> 00:08:23,840 Speaker 1: now we don't have to listen to them as authorities. 166 00:08:23,880 --> 00:08:27,640 Speaker 1: Now all of us are authorities and we can crowdsources information. 167 00:08:27,640 --> 00:08:29,520 Speaker 1: I see it all the time. I'll see somebody say 168 00:08:29,560 --> 00:08:31,760 Speaker 1: something on Twitter and I'm like, oh, man, that's that's 169 00:08:31,800 --> 00:08:34,880 Speaker 1: pretty good. That's pretty interesting. I didn't think about it 170 00:08:34,880 --> 00:08:37,240 Speaker 1: like that, but then I read the comments down below, 171 00:08:37,440 --> 00:08:39,600 Speaker 1: and everybody starts chiming in and picks it apart. Oh, 172 00:08:39,640 --> 00:08:41,600 Speaker 1: and that's not right, that's not factually correct. Though. Here's 173 00:08:41,600 --> 00:08:44,599 Speaker 1: the rebuttal, here's actually what happened, and it's crowdsources of 174 00:08:44,640 --> 00:08:48,960 Speaker 1: that information, and we're breaking down those establishments and we're 175 00:08:49,080 --> 00:08:51,280 Speaker 1: now able to share this. That's the revolt of the public. 176 00:08:51,600 --> 00:08:52,880 Speaker 1: So I kin't want to frame that up. And this 177 00:08:52,960 --> 00:08:55,040 Speaker 1: is only going to continue. We're going to continue to 178 00:08:55,080 --> 00:08:58,760 Speaker 1: see government lose power. The only way forward is the government. 179 00:08:58,800 --> 00:09:00,400 Speaker 1: The government's going to have to realize they don't have 180 00:09:00,440 --> 00:09:01,719 Speaker 1: the power any more. We're gonna have to see a 181 00:09:02,120 --> 00:09:05,760 Speaker 1: massive shrinking of the government, and there's gonna have to 182 00:09:05,800 --> 00:09:07,600 Speaker 1: be a new agreement between the public and the leaders. 183 00:09:07,600 --> 00:09:10,320 Speaker 1: It's the only way forward because you can't put this technology, 184 00:09:10,320 --> 00:09:11,680 Speaker 1: you can't put the genie back in the bottle. Now. 185 00:09:11,679 --> 00:09:14,120 Speaker 1: Of course they're gonna try, just like the Church did 186 00:09:14,160 --> 00:09:16,840 Speaker 1: with the heretics and the heresy. They'll try the same thing, 187 00:09:17,200 --> 00:09:19,719 Speaker 1: but there's new technologies that are popping up that will 188 00:09:19,760 --> 00:09:22,240 Speaker 1: make it impossible. All right, Now, I gotta take a 189 00:09:22,320 --> 00:09:23,800 Speaker 1: quick break. I'm gonna come back. I'm gonna tell you 190 00:09:23,840 --> 00:09:26,839 Speaker 1: about the two technologies that are changing the world and 191 00:09:26,880 --> 00:09:28,760 Speaker 1: you need to know about. Don't go away, I'm gonna 192 00:09:28,760 --> 00:09:31,520 Speaker 1: be right back. All right, welcome back. If you're just 193 00:09:31,559 --> 00:09:33,400 Speaker 1: tune in, you're listening to the Mark Moss Show. We're 194 00:09:33,440 --> 00:09:36,840 Speaker 1: talking about, of course, each week, the decentralized Revolution. Today 195 00:09:36,880 --> 00:09:40,839 Speaker 1: I'm talking about two technologies that are happening that I'm 196 00:09:40,840 --> 00:09:44,640 Speaker 1: really excited for, and they are decentralized technologies. Of course. 197 00:09:44,640 --> 00:09:47,720 Speaker 1: Now we typically talk about bitcoin as a decentralized technology, 198 00:09:47,800 --> 00:09:52,120 Speaker 1: but there's other types of decentralized technologies and they don't 199 00:09:52,120 --> 00:09:55,160 Speaker 1: always have to be blockchains. So we're gonna talk about that. 200 00:09:56,600 --> 00:09:59,480 Speaker 1: And really we're gonna talk about open networks. So the 201 00:09:59,480 --> 00:10:02,520 Speaker 1: difference of a closed network, a centralized network versus open 202 00:10:02,520 --> 00:10:04,760 Speaker 1: networkord decentralized network. And we're going to talk about from 203 00:10:04,960 --> 00:10:09,400 Speaker 1: an open monetary network and an open information network. Now, 204 00:10:09,440 --> 00:10:11,080 Speaker 1: when I opened up, I was talking about this book 205 00:10:11,080 --> 00:10:14,720 Speaker 1: I'm reading The Revolt of the Public and how all 206 00:10:14,760 --> 00:10:19,040 Speaker 1: throughout history there's countless examples of how authoritarians try to 207 00:10:19,040 --> 00:10:22,520 Speaker 1: control information to control the people. But once information gets 208 00:10:22,520 --> 00:10:24,400 Speaker 1: out there, they're just not able to do that, and 209 00:10:24,440 --> 00:10:26,200 Speaker 1: of course it's getting harder and harder for them to 210 00:10:26,240 --> 00:10:28,880 Speaker 1: do that. In the information age, as we all know, 211 00:10:28,880 --> 00:10:31,560 Speaker 1: we're all on smartphones and connected on Twitter and social media, 212 00:10:31,559 --> 00:10:33,760 Speaker 1: and of course that's why you hear things like the 213 00:10:33,760 --> 00:10:37,360 Speaker 1: Twitter files where the governments are working directly with social 214 00:10:37,400 --> 00:10:42,079 Speaker 1: media companies to censor us. But problems come to solutions. 215 00:10:42,080 --> 00:10:44,760 Speaker 1: So as those problems continue to mount, as the state 216 00:10:44,800 --> 00:10:48,880 Speaker 1: continues to try to squeeze harder to hold us hostage, 217 00:10:48,920 --> 00:10:52,160 Speaker 1: if you will, new technologies are being created. That's want 218 00:10:52,200 --> 00:10:56,440 Speaker 1: to talk about. Now. If we look at recent decades, 219 00:10:56,520 --> 00:11:01,920 Speaker 1: we can see that they've been primarily driven by closed systems, right, 220 00:11:02,040 --> 00:11:04,080 Speaker 1: both information and monetary. We're going to look at both 221 00:11:04,120 --> 00:11:05,960 Speaker 1: of those. And if you think about it, actually to 222 00:11:06,000 --> 00:11:10,640 Speaker 1: go through a little bit of a philosophical level, money 223 00:11:10,840 --> 00:11:13,320 Speaker 1: is just information. My good friend Robert Breedlove has a 224 00:11:13,320 --> 00:11:15,600 Speaker 1: podcast called What is Money, and he talks about what 225 00:11:15,640 --> 00:11:17,080 Speaker 1: money is. And so a lot of people think they 226 00:11:17,160 --> 00:11:19,120 Speaker 1: know what money is, but I've never really thought about 227 00:11:19,160 --> 00:11:21,520 Speaker 1: it from a philosophical level. But money is just communication. 228 00:11:21,800 --> 00:11:25,480 Speaker 1: Money communicates value. If I want to get this thing 229 00:11:25,559 --> 00:11:29,400 Speaker 1: from you, you say, you want ten dollars, If I 230 00:11:29,640 --> 00:11:32,480 Speaker 1: value that more than I value the ten dollars that 231 00:11:32,559 --> 00:11:35,240 Speaker 1: I have, I will give you that money, and it 232 00:11:35,320 --> 00:11:39,120 Speaker 1: communicates that I value that. It's an exchange of value. 233 00:11:39,120 --> 00:11:44,720 Speaker 1: So anyway, information money is information and it communicates value. 234 00:11:44,720 --> 00:11:47,240 Speaker 1: So anyway, we've seen that. Basically, let's start with the 235 00:11:47,240 --> 00:11:49,959 Speaker 1: financial system. So the financial system as we know it 236 00:11:50,000 --> 00:11:53,040 Speaker 1: is a closed system. As a matter of fact, banks 237 00:11:53,440 --> 00:11:57,240 Speaker 1: and brokerages operate as basically a permissioned ledger. So if 238 00:11:57,240 --> 00:11:58,760 Speaker 1: you want to go to a bank account, you have 239 00:11:58,800 --> 00:12:00,960 Speaker 1: to obviously get permissioned to fill out all types of 240 00:12:00,960 --> 00:12:04,040 Speaker 1: paperwork to do that. Opening accounts with institutions is a 241 00:12:04,200 --> 00:12:07,200 Speaker 1: permissioned activity. They have to decide if they want to 242 00:12:07,240 --> 00:12:10,160 Speaker 1: allow you to do that. Of course, even sending your 243 00:12:10,160 --> 00:12:12,600 Speaker 1: own money from your own bank account to somebody else 244 00:12:12,720 --> 00:12:15,840 Speaker 1: is also a permissioned activity, and they can decide if 245 00:12:15,880 --> 00:12:18,160 Speaker 1: they want to allow you to move that money or not. 246 00:12:18,320 --> 00:12:20,280 Speaker 1: What a lot of people found out is that the 247 00:12:20,360 --> 00:12:24,160 Speaker 1: money in the bank is not your money, not legally. Legally, 248 00:12:24,200 --> 00:12:27,320 Speaker 1: the bank owes you the money. It's a big difference legally, 249 00:12:27,320 --> 00:12:29,120 Speaker 1: which means they have the right to decide whether they 250 00:12:29,120 --> 00:12:32,520 Speaker 1: want to transmit that money PayPal, Venmo, but even your 251 00:12:32,520 --> 00:12:35,640 Speaker 1: own bank, I get stumped all the time. I get 252 00:12:35,640 --> 00:12:39,080 Speaker 1: asked all the time by my bank do they want 253 00:12:39,080 --> 00:12:40,840 Speaker 1: to allow me to send that wire? And those are 254 00:12:40,920 --> 00:12:43,840 Speaker 1: permissioned activities. We see that all the time now. The 255 00:12:43,880 --> 00:12:48,199 Speaker 1: Internet also, it started out very open and decentralized, and 256 00:12:48,240 --> 00:12:50,239 Speaker 1: a lot of people think the Internet still is decentralized, 257 00:12:50,240 --> 00:12:52,080 Speaker 1: which most of it is, right, I mean, obviously we 258 00:12:52,120 --> 00:12:55,160 Speaker 1: can publish stuff and share information across the Internet, but 259 00:12:55,559 --> 00:12:58,920 Speaker 1: most of it has been consolidated and centralized into what 260 00:12:58,960 --> 00:13:04,679 Speaker 1: would consider these sighs. Right. So Twitter has this big silo, Facebook, YouTube, LinkedIn, 261 00:13:05,320 --> 00:13:07,360 Speaker 1: things like that, and those are closed networks. So in 262 00:13:07,440 --> 00:13:11,240 Speaker 1: order to join Facebook or LinkedIn or whatever, Twitter, I 263 00:13:11,280 --> 00:13:15,160 Speaker 1: have to have permission. In order to use that, I 264 00:13:15,160 --> 00:13:18,560 Speaker 1: have to have permission. All my activity is permission. If 265 00:13:18,559 --> 00:13:21,400 Speaker 1: I say something that they don't like, then I lose permission, 266 00:13:21,440 --> 00:13:23,880 Speaker 1: I lose my entire account. So all of that's permission, 267 00:13:23,920 --> 00:13:27,280 Speaker 1: and even sending information between the platforms isn't even allowed, 268 00:13:27,280 --> 00:13:31,040 Speaker 1: It's not even possible. But today we have new technologies 269 00:13:31,080 --> 00:13:34,280 Speaker 1: that are changing all that. This is a massive paradigm shift. 270 00:13:34,480 --> 00:13:37,040 Speaker 1: We have open monetary protocols. Of course I talk about 271 00:13:37,040 --> 00:13:40,440 Speaker 1: bitcoin right all the time. It's the emergence of a newer, 272 00:13:40,600 --> 00:13:44,839 Speaker 1: open information protocol that we can transfer value. But then 273 00:13:44,880 --> 00:13:48,040 Speaker 1: we also have other information protocols, and this is one 274 00:13:48,160 --> 00:13:50,080 Speaker 1: I've talked about a little bit before, but I just 275 00:13:50,080 --> 00:13:52,199 Speaker 1: contend to get more and more excited about and you 276 00:13:52,280 --> 00:13:57,319 Speaker 1: might have heard about. It's called noster in OSTR. And basically, 277 00:13:57,520 --> 00:14:03,200 Speaker 1: between these open monetary protocols and open information protocols, it's 278 00:14:03,360 --> 00:14:06,800 Speaker 1: challenging the state, just like the printing press challenge of state. 279 00:14:07,360 --> 00:14:10,559 Speaker 1: Now the Internet tried to it started to challenge the state, 280 00:14:10,559 --> 00:14:12,760 Speaker 1: which it already has, like I said, it's already been 281 00:14:12,800 --> 00:14:17,360 Speaker 1: responsible for organizing revolutions in Iran and Egypt and so forth. 282 00:14:18,320 --> 00:14:20,440 Speaker 1: But now the state's tried to figure out how to 283 00:14:20,480 --> 00:14:23,800 Speaker 1: grasp that. But today, with the monetary protocols, information protocols, 284 00:14:24,720 --> 00:14:26,960 Speaker 1: it's going to challenge the state and they they're not 285 00:14:27,000 --> 00:14:29,560 Speaker 1: going to stand a chance. Let's talk about this. So money, 286 00:14:29,880 --> 00:14:33,160 Speaker 1: like I said, money has been closed source. You have 287 00:14:33,200 --> 00:14:36,200 Speaker 1: to have permission. Now, about eight billion people in the 288 00:14:36,240 --> 00:14:40,960 Speaker 1: world today and about two billion adults don't have access 289 00:14:41,000 --> 00:14:43,040 Speaker 1: to banking either don't have access to it. They can't 290 00:14:43,040 --> 00:14:46,400 Speaker 1: afford it, or they don't have permission to join. Right, 291 00:14:46,640 --> 00:14:49,200 Speaker 1: you have this global network of interconnected banks that allow 292 00:14:49,240 --> 00:14:52,000 Speaker 1: you to send money, but if you don't have permission 293 00:14:52,040 --> 00:14:54,640 Speaker 1: to join, you can't get into the finsive system. Or 294 00:14:54,720 --> 00:14:58,000 Speaker 1: if you find yourself like Iran or Russia where you're 295 00:14:58,000 --> 00:15:00,760 Speaker 1: sanctioned and kicked out of the financial system, you don't 296 00:15:00,800 --> 00:15:03,240 Speaker 1: have permission to operate. Now, we've seen all types of 297 00:15:03,280 --> 00:15:07,560 Speaker 1: development technology happening supposedly all these fintech companies, and what 298 00:15:07,600 --> 00:15:11,520 Speaker 1: they've done is developed layers on top of traditional banking rails. 299 00:15:11,520 --> 00:15:14,000 Speaker 1: And so again you have Venmo or cash app or 300 00:15:14,040 --> 00:15:16,760 Speaker 1: something like that. But Venmo connects to your credit card, 301 00:15:16,800 --> 00:15:20,320 Speaker 1: which connects to your bank. Right, So it's an app 302 00:15:20,360 --> 00:15:22,040 Speaker 1: and it's cool and it makes it easier whatever to 303 00:15:22,040 --> 00:15:23,840 Speaker 1: send money back and forth. But the reality is it 304 00:15:23,880 --> 00:15:28,680 Speaker 1: just still works on top of the banking layer all right. Now, 305 00:15:29,160 --> 00:15:30,920 Speaker 1: like I said, it makes it easier, makes it faster, 306 00:15:31,200 --> 00:15:34,040 Speaker 1: but it doesn't change anything. It's still the same permission 307 00:15:34,320 --> 00:15:38,440 Speaker 1: bank account. Now, when you want to get outside of 308 00:15:38,480 --> 00:15:40,920 Speaker 1: that permissioned area can become a real big problem. So, 309 00:15:41,000 --> 00:15:45,200 Speaker 1: for example, try sending money to another country that use 310 00:15:45,280 --> 00:15:49,000 Speaker 1: a different siloed money system. So send money to El Salvador. 311 00:15:49,320 --> 00:15:52,040 Speaker 1: See what happens that works. Especially, try it with a 312 00:15:52,160 --> 00:15:54,920 Speaker 1: very small transaction, and you'll find out most times it's 313 00:15:54,960 --> 00:15:57,280 Speaker 1: probably not worth it because of the high percentage of 314 00:15:57,320 --> 00:16:00,280 Speaker 1: fees that people will pay. According to the World Bank, 315 00:16:00,360 --> 00:16:03,840 Speaker 1: the average fee percentage on a remittance payment, so that's 316 00:16:04,120 --> 00:16:06,720 Speaker 1: sending money to somebody else in another country, is six 317 00:16:06,800 --> 00:16:09,920 Speaker 1: and a half percent. Now, if you're doing it directly 318 00:16:09,960 --> 00:16:13,280 Speaker 1: to banks, the fee percentage is usually about twelve percent. 319 00:16:13,760 --> 00:16:16,760 Speaker 1: It's a big chunk. It's a real big chunk. And 320 00:16:17,000 --> 00:16:19,680 Speaker 1: what we also saw from that same report, seventy six 321 00:16:19,760 --> 00:16:23,880 Speaker 1: percent of people have an account at a bank, So 322 00:16:23,960 --> 00:16:27,600 Speaker 1: that means whatever. Twenty five percent of people don't. They 323 00:16:27,600 --> 00:16:29,280 Speaker 1: don't have an account at the bank. They're not in 324 00:16:29,320 --> 00:16:32,280 Speaker 1: the global financial system. Now, I've often said that this phone, 325 00:16:32,320 --> 00:16:34,680 Speaker 1: the smartphone, is like the great equalizer. If you have 326 00:16:34,760 --> 00:16:37,560 Speaker 1: access to a smartphone, you have access to the internet. 327 00:16:38,280 --> 00:16:41,440 Speaker 1: You can learn anything, you can meet anyone, you can 328 00:16:41,600 --> 00:16:44,520 Speaker 1: do anything. You can be a kid with an Instagram account, 329 00:16:44,560 --> 00:16:48,560 Speaker 1: make a hundregranm. But not not if you're allowed, not 330 00:16:48,600 --> 00:16:51,080 Speaker 1: allowed to be in the financial system. You have to 331 00:16:51,120 --> 00:16:54,520 Speaker 1: be in the financial system, otherwise you have no chance. Now, 332 00:16:54,680 --> 00:16:57,480 Speaker 1: a lot of people aren't really aware of this from 333 00:16:57,520 --> 00:16:59,680 Speaker 1: a global perspective. A lot of people approaches from a 334 00:16:59,720 --> 00:17:01,640 Speaker 1: very US centric viewpoint. But think about it like this, 335 00:17:02,680 --> 00:17:05,320 Speaker 1: what about all the refugees that are fleeing Ukraine, or 336 00:17:05,359 --> 00:17:08,760 Speaker 1: have fled Syria, or they've fled Venezuela. What about all 337 00:17:08,760 --> 00:17:10,800 Speaker 1: those people they've left? You know, they have war torn regions, 338 00:17:11,200 --> 00:17:14,560 Speaker 1: they don't have IDs, they don't even have a path 339 00:17:14,600 --> 00:17:18,480 Speaker 1: to get an ID. Their country's gone. They can't even 340 00:17:18,520 --> 00:17:20,359 Speaker 1: go home and get an ID. So what are they 341 00:17:20,400 --> 00:17:21,639 Speaker 1: going to do? How are they going to join the 342 00:17:21,680 --> 00:17:25,560 Speaker 1: financial system? Of course, the answer is they won't. However, 343 00:17:26,840 --> 00:17:29,440 Speaker 1: those same people they don't have an ID, they won't 344 00:17:29,440 --> 00:17:31,359 Speaker 1: have permission to open a bank account, but they have 345 00:17:31,440 --> 00:17:34,199 Speaker 1: a smartphone. As a matter of fact, over eighty six 346 00:17:34,280 --> 00:17:35,960 Speaker 1: percent of people in the world today have a smartphone. 347 00:17:36,040 --> 00:17:39,240 Speaker 1: Seven point one billion people have a smart phone globally. 348 00:17:39,680 --> 00:17:41,720 Speaker 1: And that is what will change things. If you're just 349 00:17:41,720 --> 00:17:43,720 Speaker 1: tune in its into the Markmas show. We're talking about 350 00:17:43,760 --> 00:17:47,760 Speaker 1: the decentralized revolution. I'm talking about two technologies today that 351 00:17:47,840 --> 00:17:50,000 Speaker 1: I think are going to change the world. More than 352 00:17:50,040 --> 00:17:53,000 Speaker 1: anybody realizes that it's going to happen much faster. I 353 00:17:53,000 --> 00:17:55,600 Speaker 1: think in the next five years, the world's gonna look 354 00:17:55,600 --> 00:17:57,920 Speaker 1: a lot different the decentralized Revolution as what we're talking about. 355 00:17:57,960 --> 00:18:00,359 Speaker 1: I want to continue to talk about these two different 356 00:18:00,359 --> 00:18:02,720 Speaker 1: types of technologies, how they're going to change, and what 357 00:18:02,760 --> 00:18:05,359 Speaker 1: you need to know to take advantage of them and 358 00:18:05,400 --> 00:18:06,960 Speaker 1: not get wiped out. So I'm gonna be back with 359 00:18:07,000 --> 00:18:08,720 Speaker 1: all that a minute. I gotta take a quick break, 360 00:18:08,720 --> 00:18:12,240 Speaker 1: will be right back. Don't go away, all right, Welcome back. 361 00:18:12,240 --> 00:18:13,760 Speaker 1: If you're just tune in, you're listening to the Mark 362 00:18:13,880 --> 00:18:16,399 Speaker 1: Moss Show. We're talking about, of course each week, the 363 00:18:16,480 --> 00:18:20,199 Speaker 1: decentralized Revolution. Today I'm talking about two different pieces of 364 00:18:20,240 --> 00:18:23,880 Speaker 1: technology that are decentralizing the world. It's going to make 365 00:18:23,920 --> 00:18:30,119 Speaker 1: it impossible for the leaders, the governments, the states to 366 00:18:30,359 --> 00:18:33,880 Speaker 1: continue to centralize power. It's always technology that changes things. 367 00:18:33,920 --> 00:18:35,880 Speaker 1: We're talking about that. If you missed it, don't worry, 368 00:18:36,000 --> 00:18:37,840 Speaker 1: go catch it on the podcast. Just search the Mark 369 00:18:37,920 --> 00:18:40,520 Speaker 1: Moss Show on your favorite podcast, or just go to 370 00:18:40,680 --> 00:18:44,399 Speaker 1: YouTube and search Market Disruptors and you can find you 371 00:18:44,480 --> 00:18:45,920 Speaker 1: can watch me listen to me at the same time. 372 00:18:46,000 --> 00:18:47,840 Speaker 1: Now we're talking about this, and we're talking about how 373 00:18:48,920 --> 00:18:51,479 Speaker 1: if you think about think about the world globally, all right, 374 00:18:51,480 --> 00:18:53,240 Speaker 1: you have to think think globally. If you're gonna make it, 375 00:18:53,240 --> 00:18:55,960 Speaker 1: you gotta think globally, because we're moving too this decentralized revolution. 376 00:18:56,000 --> 00:18:58,399 Speaker 1: And if you understand technology, you understand like in the 377 00:18:58,480 --> 00:19:01,080 Speaker 1: United States, the Internet grew really fast because we had 378 00:19:01,119 --> 00:19:04,400 Speaker 1: this wired telephone system, and then the Internet was able 379 00:19:04,400 --> 00:19:07,639 Speaker 1: to work off of that Internet that wired telephone system. 380 00:19:07,720 --> 00:19:09,080 Speaker 1: If you remember the old days of the Internet, it 381 00:19:09,160 --> 00:19:11,520 Speaker 1: was a dial up, right, and it worked on the 382 00:19:11,520 --> 00:19:15,080 Speaker 1: phone system. But then you had nations like Africa that 383 00:19:15,280 --> 00:19:18,720 Speaker 1: leapfrog passed the US. They didn't have wired they went 384 00:19:18,760 --> 00:19:22,720 Speaker 1: straight to wire lists. And so that's we have to 385 00:19:22,800 --> 00:19:25,640 Speaker 1: understand the global perspective, the global picture, and so sort 386 00:19:25,640 --> 00:19:26,840 Speaker 1: of the same thing. If we're looking at it from 387 00:19:26,880 --> 00:19:29,520 Speaker 1: a very US centric viewpoint. We have this US banking 388 00:19:29,600 --> 00:19:31,920 Speaker 1: system and that works really well. What do we need 389 00:19:32,000 --> 00:19:34,159 Speaker 1: what do we need a solution for that for? But 390 00:19:34,320 --> 00:19:38,400 Speaker 1: in other nations across the world, they have big problems 391 00:19:38,440 --> 00:19:41,960 Speaker 1: and they're leapfrogging past our existing system and building up 392 00:19:41,960 --> 00:19:44,399 Speaker 1: a new system. So, like I was saying, if we 393 00:19:44,440 --> 00:19:46,199 Speaker 1: think if we think about this globally, we have you know, 394 00:19:46,240 --> 00:19:48,400 Speaker 1: all these refugees from all over the world. They don't 395 00:19:48,440 --> 00:19:50,159 Speaker 1: have IDs, they don't have a path to get ideas, 396 00:19:50,160 --> 00:19:51,359 Speaker 1: and because of that, they won't be able to get 397 00:19:51,400 --> 00:19:53,639 Speaker 1: bank accounts. They won't be able to participate in the 398 00:19:53,640 --> 00:19:59,600 Speaker 1: global financial system. But seventy six, sorry was the percentage. 399 00:20:00,320 --> 00:20:05,919 Speaker 1: But they have smartphones. They have smartphones. Now, if you 400 00:20:05,920 --> 00:20:08,159 Speaker 1: have a smartphone, then you can participate. We're gonna talk 401 00:20:08,160 --> 00:20:11,800 Speaker 1: about that in a second. But just for some other numbers, 402 00:20:11,960 --> 00:20:14,480 Speaker 1: if we look at some areas like Nigeria, for example, 403 00:20:14,560 --> 00:20:16,920 Speaker 1: only forty five people have forty percent of the people 404 00:20:16,920 --> 00:20:20,280 Speaker 1: have a bank account. In Palestine only thirty four percent 405 00:20:20,359 --> 00:20:23,520 Speaker 1: of people have a bank account. That means they can't 406 00:20:23,600 --> 00:20:27,560 Speaker 1: participate in this global marketplace now. According to the World Bank, 407 00:20:27,680 --> 00:20:32,719 Speaker 1: also seventy five countries still have restrictions on women's rights 408 00:20:33,000 --> 00:20:37,720 Speaker 1: to manage assets. So all you feminists and women's rights 409 00:20:37,760 --> 00:20:40,760 Speaker 1: out there, seventy five countries in the world today still 410 00:20:40,800 --> 00:20:45,679 Speaker 1: don't allow women to have assets. Why they don't have permission? 411 00:20:46,560 --> 00:20:51,200 Speaker 1: Getting the point here, the authoritarians the Nation States, they 412 00:20:51,280 --> 00:20:53,920 Speaker 1: want to control everything, and they want to control who 413 00:20:53,920 --> 00:20:57,040 Speaker 1: has permission. Seventy five countries don't allow women to have 414 00:20:57,080 --> 00:20:59,720 Speaker 1: permission over their money. Now, like I said, a lot 415 00:20:59,760 --> 00:21:01,919 Speaker 1: of people aren't really aware of these situations where I 416 00:21:01,920 --> 00:21:04,439 Speaker 1: want to kind of bring this up. But all of 417 00:21:04,440 --> 00:21:09,879 Speaker 1: these people have access to smartphones. Now, from a you know, 418 00:21:10,040 --> 00:21:13,400 Speaker 1: society level, you might go, well, you know, there are 419 00:21:13,440 --> 00:21:16,480 Speaker 1: some people we don't want to have bank accounts. I guess, right, 420 00:21:16,600 --> 00:21:20,280 Speaker 1: like some people might you know, we should probably shut 421 00:21:20,320 --> 00:21:24,040 Speaker 1: them off. Like we can see back through history companies 422 00:21:24,080 --> 00:21:27,359 Speaker 1: that have been d banked Operation choke Point. Under the 423 00:21:27,400 --> 00:21:32,080 Speaker 1: Obama administration, they started shutting down legal operations access to banking, 424 00:21:32,160 --> 00:21:35,600 Speaker 1: you know, if they did online gambling or gun stores, 425 00:21:35,640 --> 00:21:38,639 Speaker 1: things like that. We saw Wiki leaks. Wiki leaks was 426 00:21:38,840 --> 00:21:42,640 Speaker 1: shut down from its payment processor. If you were protesting 427 00:21:42,680 --> 00:21:45,760 Speaker 1: in Canada, for example, under the Trucker protest, you got 428 00:21:45,800 --> 00:21:49,160 Speaker 1: your bank account shutdown. And you can see that if 429 00:21:49,200 --> 00:21:52,480 Speaker 1: you just do the wrong thing. Now, they were doing 430 00:21:52,800 --> 00:21:55,760 Speaker 1: some supposedly something that was constitution protected, such as the 431 00:21:55,840 --> 00:21:58,840 Speaker 1: right to assemble, and people donated money to a go 432 00:21:59,040 --> 00:22:02,640 Speaker 1: fund me and their accounts frozen. So you have to understand, yeah, 433 00:22:02,640 --> 00:22:04,760 Speaker 1: you always want to stay open to this because even 434 00:22:04,760 --> 00:22:06,879 Speaker 1: though you might like a law or a policy going 435 00:22:06,920 --> 00:22:09,040 Speaker 1: into effect, you have to think about how it could 436 00:22:09,080 --> 00:22:12,880 Speaker 1: be used against you, because unfortunately, once that law goes 437 00:22:12,880 --> 00:22:15,320 Speaker 1: into place, it could be used against you. And the 438 00:22:15,359 --> 00:22:17,560 Speaker 1: world so divided, there's always going to be somebody on 439 00:22:17,600 --> 00:22:20,800 Speaker 1: the other side of the aisle from you. Now, if 440 00:22:20,840 --> 00:22:22,399 Speaker 1: we look at that, like, how does that affect you 441 00:22:22,400 --> 00:22:24,280 Speaker 1: in the United States, Well, it's happening in the United States, 442 00:22:24,320 --> 00:22:26,760 Speaker 1: But look at it again from a global perspective. We 443 00:22:26,800 --> 00:22:30,760 Speaker 1: can see that there's billions of people, about three billion 444 00:22:30,800 --> 00:22:35,240 Speaker 1: people live under harsh authoritarian countries and that number is 445 00:22:35,359 --> 00:22:38,679 Speaker 1: growing by the day. And so if we had something 446 00:22:38,760 --> 00:22:42,000 Speaker 1: like open source money, which of course we do, that 447 00:22:42,000 --> 00:22:45,480 Speaker 1: could potentially fix it. We have this open source monetary network, 448 00:22:45,720 --> 00:22:48,119 Speaker 1: it's called Bitcoin. It's been around about fourteen years, and 449 00:22:48,200 --> 00:22:51,520 Speaker 1: it's open. And what that means is it's open, it's borderless, 450 00:22:51,520 --> 00:22:54,080 Speaker 1: it's permission less. You don't need permission, you don't need 451 00:22:54,119 --> 00:22:57,320 Speaker 1: an ID. Anybody with a smartphone, which eighty six percent 452 00:22:57,359 --> 00:22:59,520 Speaker 1: of the world has one, could download an app and 453 00:23:00,000 --> 00:23:04,560 Speaker 1: instantly receive payments and it works borderless. I can now 454 00:23:04,600 --> 00:23:06,920 Speaker 1: send money, I can send it remances anywhere in the world, 455 00:23:07,240 --> 00:23:10,960 Speaker 1: instantaneous and for free, without permission, without an eleven percent 456 00:23:11,040 --> 00:23:14,280 Speaker 1: fee from the bank, but more importantly without permission. That's 457 00:23:14,320 --> 00:23:16,959 Speaker 1: the thing. If you have to ask for permission to 458 00:23:17,000 --> 00:23:20,280 Speaker 1: do anything, are you really free? So now we have 459 00:23:20,280 --> 00:23:22,240 Speaker 1: this open source network, we can do payments, we can 460 00:23:22,280 --> 00:23:27,000 Speaker 1: save our money, and anybody with an Internet connection has 461 00:23:27,080 --> 00:23:29,840 Speaker 1: access to doing this without having a permission. If we 462 00:23:29,840 --> 00:23:33,680 Speaker 1: look at a closed monetary network, again, our existing banking system, 463 00:23:33,720 --> 00:23:38,000 Speaker 1: the Federal Reserve system, it's set up in a hierarchy way, right, 464 00:23:38,040 --> 00:23:40,080 Speaker 1: So basically, if you want to open up a bank 465 00:23:40,200 --> 00:23:43,119 Speaker 1: or be involved in banking or money transmission, you have 466 00:23:43,280 --> 00:23:48,240 Speaker 1: to get permission. You see that there's these problems. It's 467 00:23:48,240 --> 00:23:50,240 Speaker 1: hard to move money. So you want to create a solution. 468 00:23:50,720 --> 00:23:52,720 Speaker 1: I have a new technology, I have an app, I 469 00:23:52,760 --> 00:23:54,159 Speaker 1: have any way we can do this. You have to 470 00:23:54,200 --> 00:23:56,639 Speaker 1: go to the banking system and get permission. And of course, 471 00:23:57,040 --> 00:23:59,080 Speaker 1: if it's going to do anything to take away their 472 00:23:59,119 --> 00:24:02,040 Speaker 1: ability to sense to art you, then they won't approve it. 473 00:24:02,520 --> 00:24:04,399 Speaker 1: That's what happens all the time. As a matter of fact, 474 00:24:04,960 --> 00:24:07,440 Speaker 1: I had Caitlyn Long on the show. If you haven't 475 00:24:07,440 --> 00:24:09,920 Speaker 1: listened to that podcast with Caiten Long. You should definitely 476 00:24:09,960 --> 00:24:11,399 Speaker 1: check it out. Just go back on the podcast and 477 00:24:11,440 --> 00:24:13,600 Speaker 1: search Mark Moss Caitlyn Long, or you can go on 478 00:24:13,640 --> 00:24:15,880 Speaker 1: my main YouTube channel, Mark Moss and listen to an interview. 479 00:24:15,920 --> 00:24:18,920 Speaker 1: Got one hundreds thousands views. Was amazing. But she's tried 480 00:24:18,920 --> 00:24:22,080 Speaker 1: to set up a bank called Custodia Bank, and it's 481 00:24:22,119 --> 00:24:26,160 Speaker 1: a it's a novel idea. It would be a bank 482 00:24:26,440 --> 00:24:29,120 Speaker 1: that would actually hold your money. So you understand today 483 00:24:29,119 --> 00:24:31,280 Speaker 1: in this banking crisis that the banks don't have your money, 484 00:24:31,440 --> 00:24:33,760 Speaker 1: that's why they're going bust. If the bank had your 485 00:24:33,760 --> 00:24:37,159 Speaker 1: money available for withdraw there wouldn't be a problem. The 486 00:24:37,200 --> 00:24:39,600 Speaker 1: Fed wouldn't have to come in and backstop the deposits. 487 00:24:39,600 --> 00:24:41,000 Speaker 1: Put of course, the banks don't. So she had this 488 00:24:41,040 --> 00:24:43,760 Speaker 1: great idea where, hey, how about we start a bank 489 00:24:43,760 --> 00:24:46,840 Speaker 1: that actually holds your money. Bright idea, and guess what 490 00:24:47,240 --> 00:24:50,679 Speaker 1: the Fed said, No, nope, you don't have permission to 491 00:24:50,720 --> 00:24:52,800 Speaker 1: do that. You don't have a permission to create a 492 00:24:52,800 --> 00:24:55,400 Speaker 1: bank that holds people's money and removes all the risk. 493 00:24:56,720 --> 00:24:59,919 Speaker 1: Why would they do that, Well, the answer is they 494 00:25:00,119 --> 00:25:02,000 Speaker 1: knew that if there was a bank that would hold 495 00:25:02,040 --> 00:25:05,360 Speaker 1: people's money, then everybody would want to put their money there, 496 00:25:05,880 --> 00:25:08,200 Speaker 1: and it would drain all the liquid from the financial 497 00:25:08,200 --> 00:25:11,320 Speaker 1: system because everybody would want that. That's the ways competition 498 00:25:11,359 --> 00:25:14,760 Speaker 1: is supposed to work. It always creates better service, better products, 499 00:25:14,760 --> 00:25:16,840 Speaker 1: better prices when we can compete against each other. But 500 00:25:16,880 --> 00:25:20,440 Speaker 1: of course to the authoritarians, to the state, they don't 501 00:25:20,600 --> 00:25:24,520 Speaker 1: want to allow that competition, and so they shut her down. 502 00:25:24,960 --> 00:25:27,400 Speaker 1: Now let's jump off of the monetary side and let's 503 00:25:27,440 --> 00:25:29,440 Speaker 1: jump over to the social media side, the information side. 504 00:25:29,440 --> 00:25:32,439 Speaker 1: So we see the same thing. Right, Like I said earlier, 505 00:25:32,520 --> 00:25:35,200 Speaker 1: kind of on on surface, the Internet seems pretty decentralized. 506 00:25:35,880 --> 00:25:39,640 Speaker 1: I could write something and post it, but I would 507 00:25:39,680 --> 00:25:42,200 Speaker 1: have to post it somewhere someone could see it. So 508 00:25:42,240 --> 00:25:46,840 Speaker 1: then that goes back to this kind of centralized, these 509 00:25:46,920 --> 00:25:49,440 Speaker 1: closed silos. If you will, I'll post it on Medium, 510 00:25:49,520 --> 00:25:52,000 Speaker 1: or I'll post it on sub stack if it's an article, 511 00:25:52,240 --> 00:25:55,320 Speaker 1: but that's their sandbox. I could post it on Twitter 512 00:25:55,520 --> 00:26:01,400 Speaker 1: or Facebook or Instagram, but that's their sandbox, right, it's controlled. 513 00:26:01,960 --> 00:26:05,400 Speaker 1: They decide what goes on there, what comes down, what doesn't, 514 00:26:05,600 --> 00:26:08,880 Speaker 1: and so it's basically consolidated. All these people, all these 515 00:26:08,960 --> 00:26:11,640 Speaker 1: used into big pools. The other thing, as I was saying, 516 00:26:11,680 --> 00:26:15,200 Speaker 1: earlier that you can't communicate from one silo to the next. 517 00:26:15,200 --> 00:26:17,399 Speaker 1: So like a Twitter user can't send a message to 518 00:26:17,440 --> 00:26:21,200 Speaker 1: a Facebook user, a LinkedIn user can't bring their followers 519 00:26:21,240 --> 00:26:24,800 Speaker 1: over to a Twitter account, right because they're all siloed. Now, 520 00:26:25,720 --> 00:26:28,360 Speaker 1: from a corporation's perspective, if your Twitter or your Facebook, etc. 521 00:26:29,520 --> 00:26:31,560 Speaker 1: They would argue that they have to be able to 522 00:26:31,560 --> 00:26:35,640 Speaker 1: remove a legal activity or spam, and you know, they 523 00:26:35,640 --> 00:26:37,800 Speaker 1: want to comply with laws. Now. Of course, this is 524 00:26:37,800 --> 00:26:41,840 Speaker 1: something we've argued many times. Section two thirty is supposed 525 00:26:41,880 --> 00:26:45,200 Speaker 1: to insulate them from those laws if they keep an 526 00:26:45,240 --> 00:26:51,119 Speaker 1: open network. From a government's perspective, they realize that, you know, 527 00:26:51,200 --> 00:26:54,040 Speaker 1: people may say mean things online, so they want to 528 00:26:54,160 --> 00:26:56,080 Speaker 1: they want to be able to cut people off to 529 00:26:56,119 --> 00:27:01,120 Speaker 1: prevent public outrage. That's ultimate comes down to. If you're 530 00:27:01,119 --> 00:27:02,920 Speaker 1: just tuning in you're listening to the Mark Mos Show, 531 00:27:02,920 --> 00:27:06,040 Speaker 1: I'm talking about two technologies that are changing the world. 532 00:27:06,040 --> 00:27:08,359 Speaker 1: That's going to change the world really really really fast. 533 00:27:08,520 --> 00:27:10,400 Speaker 1: Of course, like I said, it's always technology to change 534 00:27:10,400 --> 00:27:14,399 Speaker 1: in the world, and it's two different types of open 535 00:27:14,480 --> 00:27:18,880 Speaker 1: source networks, monetary and information. I'm gonna continue to explain 536 00:27:19,359 --> 00:27:21,239 Speaker 1: how this breaks down and then we're talking about how 537 00:27:21,280 --> 00:27:22,920 Speaker 1: you can use them, how you can take advantage of them, 538 00:27:23,400 --> 00:27:25,720 Speaker 1: where this goes, how you can protect yourself. I got 539 00:27:25,760 --> 00:27:27,879 Speaker 1: a whole lot to cover in just a short period 540 00:27:27,920 --> 00:27:29,560 Speaker 1: of time left with you. So I'm gonna take a 541 00:27:29,640 --> 00:27:31,240 Speaker 1: quick break just for a second. I'll be right back. 542 00:27:31,440 --> 00:27:33,320 Speaker 1: Don't go away, all right, Welcome back. If you're just 543 00:27:33,359 --> 00:27:35,000 Speaker 1: tune in, you're listening to the Mark Moas Show. We're 544 00:27:35,000 --> 00:27:39,160 Speaker 1: talking about two technologies that are changing the world. Open 545 00:27:39,160 --> 00:27:42,680 Speaker 1: source monetary networks, which is bitcoin. We're talking about open 546 00:27:42,760 --> 00:27:48,119 Speaker 1: source information networks that are being built on Noster. All right. 547 00:27:48,119 --> 00:27:50,200 Speaker 1: So as we're talking about now, I was talking about 548 00:27:50,280 --> 00:27:53,640 Speaker 1: how if we look at this from different different perspectives, 549 00:27:53,960 --> 00:27:57,359 Speaker 1: we start to understand who maybe against this and why, 550 00:27:57,840 --> 00:28:01,280 Speaker 1: And like I said, you know, from a government government's perspective, 551 00:28:01,320 --> 00:28:04,040 Speaker 1: they need to control the flow of information. I started 552 00:28:04,040 --> 00:28:06,320 Speaker 1: out talking about this book I'm reading called The Revolt 553 00:28:06,359 --> 00:28:09,520 Speaker 1: of the Public, and how as the people, as the 554 00:28:09,560 --> 00:28:13,880 Speaker 1: public get information, we start to realize that everything we've 555 00:28:13,880 --> 00:28:16,720 Speaker 1: been told is a lie and we revolt. That's what 556 00:28:16,800 --> 00:28:19,160 Speaker 1: that's we're talking about. So the government wants to control 557 00:28:19,240 --> 00:28:20,959 Speaker 1: that right. They want to be able to demand. They 558 00:28:20,960 --> 00:28:24,159 Speaker 1: want to be able to take down information that's inconvenient 559 00:28:24,200 --> 00:28:27,760 Speaker 1: to them, that doesn't fit their you know, preferred narrative 560 00:28:28,440 --> 00:28:31,880 Speaker 1: of course. Uh, you know the military industrial complex. It's 561 00:28:31,920 --> 00:28:34,159 Speaker 1: been around for decades. They want to continue to have 562 00:28:34,359 --> 00:28:37,720 Speaker 1: this effort for war so they can continue to extract 563 00:28:37,760 --> 00:28:39,800 Speaker 1: more money. And we can see this in real time 564 00:28:39,880 --> 00:28:44,360 Speaker 1: in many examples. India, a very large country, has a 565 00:28:44,480 --> 00:28:47,600 Speaker 1: has a very established track record of telling Twitter, YouTube 566 00:28:47,600 --> 00:28:51,280 Speaker 1: and other platforms to remove information. There's just there's countless 567 00:28:51,320 --> 00:28:55,360 Speaker 1: stories of government abuses where they're trying to control the 568 00:28:55,360 --> 00:28:58,360 Speaker 1: flow of information. So let's talk more about these different 569 00:28:58,360 --> 00:29:00,600 Speaker 1: technologies that we have and how they can be used. 570 00:29:00,600 --> 00:29:06,320 Speaker 1: So this new technology that we have, noster, it's pretty amazing. Basically, 571 00:29:06,360 --> 00:29:10,440 Speaker 1: what it is, it's a decentralized network that allows users 572 00:29:10,480 --> 00:29:14,400 Speaker 1: to share information over them. Now, it's not a blockchain, 573 00:29:14,640 --> 00:29:17,560 Speaker 1: all right, it's a decentralized network. We don't need a 574 00:29:17,560 --> 00:29:20,480 Speaker 1: blockchain for everything, we don't need a token for everything. 575 00:29:20,480 --> 00:29:22,480 Speaker 1: And a matter of fact, we've had these decentralized networks 576 00:29:22,480 --> 00:29:25,760 Speaker 1: for a long time. You guys might remember Napster or 577 00:29:25,800 --> 00:29:29,040 Speaker 1: like BitTorrent, where you could download software, music, movies, things 578 00:29:29,040 --> 00:29:31,720 Speaker 1: like that. That was all decentralized. It was censorship resistant. 579 00:29:31,720 --> 00:29:34,280 Speaker 1: The governments couldn't shut it down. But yet we didn't 580 00:29:34,360 --> 00:29:37,240 Speaker 1: need a blockchain for that. We're gonna talk more about 581 00:29:37,240 --> 00:29:39,400 Speaker 1: that in a minute. But basically, the way that this 582 00:29:39,520 --> 00:29:43,320 Speaker 1: noster is working is it sets up the series of relays, 583 00:29:44,560 --> 00:29:47,160 Speaker 1: and these relays sort of like back to BitTorrent or napster. 584 00:29:47,480 --> 00:29:49,959 Speaker 1: All these computers had little pieces of files on them 585 00:29:50,000 --> 00:29:51,760 Speaker 1: and you could download them. This is a little bit different. 586 00:29:51,760 --> 00:29:53,520 Speaker 1: You have all these computers that are relays and will 587 00:29:53,600 --> 00:29:59,440 Speaker 1: relay the information. Now it's a protocol that allows for 588 00:29:59,480 --> 00:30:03,240 Speaker 1: this transfer information. On top of this protocol, we then 589 00:30:03,320 --> 00:30:08,000 Speaker 1: have applications of how we can use that protocol. So 590 00:30:08,160 --> 00:30:09,959 Speaker 1: for example, let me let me let me give an 591 00:30:09,960 --> 00:30:11,920 Speaker 1: example so you can understand this a little bit better. 592 00:30:13,120 --> 00:30:16,600 Speaker 1: Technology scales and layers. So the base layer of the 593 00:30:16,600 --> 00:30:21,280 Speaker 1: Internet is tcp IP. That's the Internet that allows packets 594 00:30:21,280 --> 00:30:24,840 Speaker 1: of information to be exchanged from computer to computer. Well, 595 00:30:24,880 --> 00:30:28,000 Speaker 1: then we wanted something like email, So then there's a 596 00:30:28,040 --> 00:30:31,080 Speaker 1: second layer that's added on top of that called SMTP. 597 00:30:31,320 --> 00:30:33,360 Speaker 1: If you set your email, you know that. Then we 598 00:30:33,400 --> 00:30:36,680 Speaker 1: want security in our websites. Then we create HTTPS, right, 599 00:30:36,680 --> 00:30:38,560 Speaker 1: and we start creating these different layers on top of that. 600 00:30:38,600 --> 00:30:40,640 Speaker 1: But let's go back just to the email for example. 601 00:30:40,960 --> 00:30:46,440 Speaker 1: So SMTP is a protocol that routes email, and that 602 00:30:46,600 --> 00:30:51,000 Speaker 1: is a very decentralized network. But how do I access 603 00:30:51,120 --> 00:30:55,400 Speaker 1: my email? Well, I could use different applications, different programs. 604 00:30:55,400 --> 00:30:58,360 Speaker 1: I could use Gmail to do my email. I could 605 00:30:58,480 --> 00:31:02,520 Speaker 1: use Hotmail, I could use mail Chimp. I could be 606 00:31:02,560 --> 00:31:05,400 Speaker 1: more privacy centric, I could use proton Mail. And so 607 00:31:05,520 --> 00:31:08,240 Speaker 1: I could use which email Outlook I could use. I 608 00:31:08,240 --> 00:31:11,640 Speaker 1: could choose which client, which application I want to manage 609 00:31:11,640 --> 00:31:14,520 Speaker 1: my email. Now, if I'm using my email on Gmail 610 00:31:14,720 --> 00:31:17,920 Speaker 1: or Outlook or whatever, and I decide I don't like 611 00:31:18,040 --> 00:31:21,640 Speaker 1: Outlook anymore. I don't like Gmail gmails now scanning all 612 00:31:21,640 --> 00:31:23,280 Speaker 1: my emails, I don't like that one more privacy. So 613 00:31:23,320 --> 00:31:26,200 Speaker 1: I'm going to go to proton I take all my 614 00:31:26,360 --> 00:31:30,160 Speaker 1: emails with me. Right, So that's the thing. I own 615 00:31:30,280 --> 00:31:33,600 Speaker 1: my emails, I own that list, my email list, and 616 00:31:33,680 --> 00:31:37,479 Speaker 1: I can take it with me from Gmail to proton Mail. Also, 617 00:31:37,720 --> 00:31:41,320 Speaker 1: proton Mail can speak to Gmail or Hotmail or Outlook. 618 00:31:41,960 --> 00:31:46,200 Speaker 1: So the email, the SMTP is a decentralized protocol. The 619 00:31:46,400 --> 00:31:51,040 Speaker 1: clients or the applications Gmail, Hotmail, proton Mail can be 620 00:31:51,320 --> 00:31:53,920 Speaker 1: changed out interoperably. I can go from one to the next, 621 00:31:54,000 --> 00:31:56,360 Speaker 1: keeping my list and they can communicate next to each other. 622 00:31:56,680 --> 00:31:59,080 Speaker 1: That's what we're talking about. So Noster is a communication 623 00:31:59,160 --> 00:32:03,480 Speaker 1: protocol that allows transfer information. Then we can build applications 624 00:32:03,480 --> 00:32:05,800 Speaker 1: on top of that. So for example, there's one called 625 00:32:05,920 --> 00:32:09,000 Speaker 1: damis right now, and it's basically like a Twitter client. 626 00:32:09,280 --> 00:32:12,240 Speaker 1: So you can download damis from the Apple Store. It 627 00:32:12,280 --> 00:32:17,240 Speaker 1: looks like it looks basically like Twitter, and now users 628 00:32:17,280 --> 00:32:19,400 Speaker 1: can share information just like on Twitter, but instead of 629 00:32:19,400 --> 00:32:22,520 Speaker 1: going through a centralized silo like Twitter, it's going over 630 00:32:22,560 --> 00:32:26,400 Speaker 1: this decentralized Noster protocol. But it's even more important than 631 00:32:26,440 --> 00:32:29,520 Speaker 1: that because now there's several there's I don't know, there's 632 00:32:29,560 --> 00:32:32,400 Speaker 1: eight or ten different ones competing with damis right now 633 00:32:32,560 --> 00:32:35,240 Speaker 1: that give you kind of this same look and feel 634 00:32:35,840 --> 00:32:37,880 Speaker 1: of like a Twitter client. Now let's say that I'm 635 00:32:38,000 --> 00:32:42,000 Speaker 1: using damis for my Twitter experience. But then they want 636 00:32:42,040 --> 00:32:43,840 Speaker 1: to start charging me a fee, or they want to 637 00:32:43,840 --> 00:32:47,520 Speaker 1: start censoring me or whatever. I can just leave and 638 00:32:47,600 --> 00:32:51,360 Speaker 1: take my entire social media following to the next competitor. 639 00:32:53,320 --> 00:32:57,120 Speaker 1: I'm no longer held captive by Twitter, just like I'm 640 00:32:57,160 --> 00:33:00,320 Speaker 1: no longer held captive by Gmail or Hotmail or out look. 641 00:33:00,960 --> 00:33:03,280 Speaker 1: Now it gets even better than that. So now I 642 00:33:03,320 --> 00:33:05,880 Speaker 1: can have like a Twitter client sitting on top of 643 00:33:06,120 --> 00:33:08,959 Speaker 1: a noster, and then I could create like a Telegram 644 00:33:08,960 --> 00:33:13,000 Speaker 1: one or a YouTube version or something like that, and 645 00:33:13,360 --> 00:33:16,040 Speaker 1: they can communicate back and forth to each other. So 646 00:33:16,080 --> 00:33:19,160 Speaker 1: now I could share information from my Twitter client to 647 00:33:19,280 --> 00:33:24,120 Speaker 1: my Telegram or my YouTube client. It's important to understand 648 00:33:24,240 --> 00:33:27,480 Speaker 1: why this is going to be so big. One for 649 00:33:27,560 --> 00:33:30,400 Speaker 1: the one, I mean, just the easy one to understand 650 00:33:30,440 --> 00:33:33,360 Speaker 1: is that this is a decentralized, open protocol. That means 651 00:33:33,400 --> 00:33:38,120 Speaker 1: I do not need permission to join Twitter, YouTube, Facebook. 652 00:33:38,160 --> 00:33:41,800 Speaker 1: They don't. Nobody gives me infermistion I join. If one 653 00:33:41,840 --> 00:33:44,760 Speaker 1: of them wants to censor me or charge me, I 654 00:33:44,800 --> 00:33:47,160 Speaker 1: can just move to the next. What that does is 655 00:33:47,200 --> 00:33:51,440 Speaker 1: that creates competition. We get better service, products and prices. 656 00:33:51,480 --> 00:33:53,800 Speaker 1: When we have competition, we'll get more features things like that. 657 00:33:55,040 --> 00:33:57,920 Speaker 1: It also allows other technologies that are already peer to 658 00:33:58,000 --> 00:34:01,320 Speaker 1: peer to flourish more. So, for example, we can do 659 00:34:01,400 --> 00:34:03,520 Speaker 1: file sharing peer to peer. We can do video calls. 660 00:34:03,760 --> 00:34:07,440 Speaker 1: We don't need zoom. There's an app called keat. Now 661 00:34:07,600 --> 00:34:10,839 Speaker 1: k eet that allows us to go peer to peer 662 00:34:10,920 --> 00:34:14,480 Speaker 1: video conference, peer to peer, not going through Zoom servers 663 00:34:14,480 --> 00:34:16,759 Speaker 1: that are supposedly going through China servers. We can go 664 00:34:16,800 --> 00:34:20,799 Speaker 1: peer to peer using something like keat, and it all 665 00:34:21,080 --> 00:34:25,200 Speaker 1: uses this open source relay model. Now what happens when 666 00:34:25,200 --> 00:34:28,040 Speaker 1: you put those two together. So now you've got this 667 00:34:28,200 --> 00:34:32,799 Speaker 1: open source communication protocol, and now we have Bitcoin, which 668 00:34:32,840 --> 00:34:36,240 Speaker 1: is an open source monetary protocol. And now they work together. 669 00:34:36,320 --> 00:34:40,720 Speaker 1: So now using Noster and Bitcoin, we can move information 670 00:34:41,680 --> 00:34:47,400 Speaker 1: and money, which is also information, seamlessly and decentralized. Anybody 671 00:34:47,400 --> 00:34:51,640 Speaker 1: in the world with a smartphone can join the global 672 00:34:51,760 --> 00:34:56,120 Speaker 1: information network, the global monetary network, and can transfer information 673 00:34:56,160 --> 00:34:59,960 Speaker 1: and money at the speed of light for free, almost 674 00:35:00,120 --> 00:35:05,439 Speaker 1: for free, without anybody's ability to censor it. What does 675 00:35:05,480 --> 00:35:10,440 Speaker 1: that do for communication? What does that do for financial systems? 676 00:35:10,480 --> 00:35:14,399 Speaker 1: What does that do for humanity? It's pretty amazing. Now 677 00:35:14,480 --> 00:35:19,520 Speaker 1: it's important to understand that this isn't some Web three blockchain. 678 00:35:19,760 --> 00:35:24,560 Speaker 1: You don't need that. Blockchains are used to achieve global consensus. 679 00:35:24,840 --> 00:35:27,640 Speaker 1: Bitcoin needs that. We want to have global consensus. We 680 00:35:27,719 --> 00:35:30,120 Speaker 1: want the network to tell us where the money is, 681 00:35:30,120 --> 00:35:31,640 Speaker 1: who has it, and if I send money to you, 682 00:35:31,680 --> 00:35:33,520 Speaker 1: everybody has to agree I sent money to you. But 683 00:35:33,600 --> 00:35:36,719 Speaker 1: we don't need global consensus for our messages. We don't 684 00:35:36,719 --> 00:35:39,200 Speaker 1: need global consensus for our email. We wouldn't want that. 685 00:35:40,520 --> 00:35:43,160 Speaker 1: And so this is using the best of both worlds. 686 00:35:43,320 --> 00:35:46,200 Speaker 1: It's showing the world that we don't need a blockchain 687 00:35:46,239 --> 00:35:51,000 Speaker 1: for everything. But more importantly, opening up our monetary networks 688 00:35:51,080 --> 00:35:54,800 Speaker 1: and opening up our communication networks is going to change 689 00:35:54,840 --> 00:35:57,160 Speaker 1: the world because the governments are no longer going to 690 00:35:57,160 --> 00:36:00,279 Speaker 1: be able to control the narrative. Back to the where 691 00:36:00,280 --> 00:36:03,200 Speaker 1: I started reading this book, The Revolt of the Public. 692 00:36:03,400 --> 00:36:05,080 Speaker 1: Go read the book. It's an amazing book, or just 693 00:36:06,000 --> 00:36:07,719 Speaker 1: go on to a chat GBT and ask it to 694 00:36:07,719 --> 00:36:10,560 Speaker 1: give you a summary. Read the book, but you'll understand 695 00:36:10,600 --> 00:36:14,120 Speaker 1: that it's always the people having the power, which is 696 00:36:14,160 --> 00:36:18,920 Speaker 1: information that breaks the grip of the authoritarians. And so 697 00:36:19,000 --> 00:36:21,360 Speaker 1: no matter how hard they continue to squeeze, they're not 698 00:36:21,360 --> 00:36:24,440 Speaker 1: going to be able to stop the decentralized revolution that's happening. 699 00:36:24,600 --> 00:36:26,120 Speaker 1: If you're just tune in, you're listening to the Mark 700 00:36:26,200 --> 00:36:28,440 Speaker 1: Mos Show. Of course we talk about the decentralized revolution 701 00:36:28,520 --> 00:36:30,960 Speaker 1: each and every week from the lens of politics. Finance 702 00:36:30,960 --> 00:36:32,920 Speaker 1: and technology. Typically, we talked about it from a very 703 00:36:32,960 --> 00:36:36,319 Speaker 1: bitcoin centric, decentralized world, and now we're talking about other 704 00:36:36,360 --> 00:36:41,360 Speaker 1: technologies that are happening. The world's changing. It's exciting, so 705 00:36:41,480 --> 00:36:43,360 Speaker 1: let's enjoy it. That's what I got. Thanks for listening.