1 00:00:00,040 --> 00:00:02,440 Speaker 1: All right, you are back listening to the Mark Maas Show, 2 00:00:02,480 --> 00:00:07,160 Speaker 1: where I bring to the latest information on bitcoin cryptocurrencies 3 00:00:07,200 --> 00:00:10,239 Speaker 1: and that the centralized revolution. I mean, I'm bringing you 4 00:00:10,240 --> 00:00:13,160 Speaker 1: the information each and every week that you need to hear, 5 00:00:13,640 --> 00:00:17,000 Speaker 1: so you have the edge, you have the the asymmetric 6 00:00:17,040 --> 00:00:20,479 Speaker 1: information to take advantage of the asymmetric opportunity. Now, we 7 00:00:20,720 --> 00:00:27,840 Speaker 1: have been talking about UM bitcoin creating equality, equality of 8 00:00:27,880 --> 00:00:31,480 Speaker 1: an opportunity, and we're talking about how that can change 9 00:00:31,880 --> 00:00:35,839 Speaker 1: humanity UM and so we were talking about how you know, 10 00:00:35,960 --> 00:00:38,400 Speaker 1: in countries all around the world, about two billion people 11 00:00:38,520 --> 00:00:41,479 Speaker 1: in the world today have no access to the banking system, 12 00:00:41,520 --> 00:00:43,919 Speaker 1: to the financial system. We're talking about how and El 13 00:00:44,000 --> 00:00:47,920 Speaker 1: Salvador um they are allowed. They can get permission. A 14 00:00:47,960 --> 00:00:51,520 Speaker 1: lot of countries can't. They can, but it's so expensive 15 00:00:51,560 --> 00:00:53,080 Speaker 1: that most of them still aren't able to do that. 16 00:00:53,800 --> 00:00:57,320 Speaker 1: But now they're able to just going to their app store, 17 00:00:57,560 --> 00:01:01,720 Speaker 1: download a bitcoin wallet and start transacting on the global 18 00:01:01,760 --> 00:01:06,319 Speaker 1: economy in real time instantly, and so that increases the 19 00:01:06,360 --> 00:01:10,320 Speaker 1: equality of an opportunity. Now, another thing is this is 20 00:01:10,360 --> 00:01:13,560 Speaker 1: not just um to make people's lives in El Salvador 21 00:01:13,640 --> 00:01:17,640 Speaker 1: better or whatever country. This is better for the whole world. 22 00:01:18,120 --> 00:01:21,640 Speaker 1: Think about it, like, how does progress happen? Like, um, 23 00:01:21,680 --> 00:01:25,839 Speaker 1: you know, new inventions, new technologies, new medicines, things like that. Well, 24 00:01:26,800 --> 00:01:31,920 Speaker 1: it starts with people being creative, coming up with new ideas, UM, 25 00:01:32,000 --> 00:01:35,600 Speaker 1: new solutions, UM, trying those out, failing a whole bunch, 26 00:01:36,040 --> 00:01:39,520 Speaker 1: trying even more, and eventually they come up with new things, 27 00:01:39,520 --> 00:01:43,160 Speaker 1: new ideas. Now, the more people we have looking at problems, 28 00:01:43,160 --> 00:01:46,080 Speaker 1: the more potential solutions will have. This is a big 29 00:01:46,080 --> 00:01:49,600 Speaker 1: problem that we have in the world today, where we're um, 30 00:01:50,600 --> 00:01:53,400 Speaker 1: how should I say this? Uh, part of culture will 31 00:01:53,440 --> 00:01:56,440 Speaker 1: say that. Part of culture wants everybody to be the same. 32 00:01:56,680 --> 00:01:59,360 Speaker 1: Everybody should be the same, everybody should be equal, we 33 00:01:59,400 --> 00:02:01,520 Speaker 1: should all we should censor all the stuff that we 34 00:02:01,560 --> 00:02:04,160 Speaker 1: don't like to hear. Um, you're not allowed to say this. Oh, 35 00:02:04,240 --> 00:02:07,120 Speaker 1: you can't say that, don't discuss this, um, and things 36 00:02:07,120 --> 00:02:09,400 Speaker 1: like that. And so they're trying to make everybody the 37 00:02:09,440 --> 00:02:12,880 Speaker 1: same equality of an outcome. And that's a serious problem, 38 00:02:13,040 --> 00:02:16,639 Speaker 1: a very very very serious problem. Now you might think 39 00:02:16,639 --> 00:02:18,680 Speaker 1: in the short term that's good because people don't see 40 00:02:18,800 --> 00:02:21,480 Speaker 1: say mean things that might offend you, But think about 41 00:02:21,520 --> 00:02:23,680 Speaker 1: how bad that is in the long run. So what 42 00:02:23,680 --> 00:02:26,880 Speaker 1: do I mean by that, well, um, if we're all 43 00:02:26,919 --> 00:02:30,040 Speaker 1: thinking the same, doing the same things, not able to 44 00:02:30,160 --> 00:02:34,200 Speaker 1: talk freely how we want, we start losing creativity and 45 00:02:34,240 --> 00:02:37,440 Speaker 1: then we're not seeing problems and coming up with new 46 00:02:37,520 --> 00:02:41,120 Speaker 1: solutions to that. That is a big problem. So as 47 00:02:41,200 --> 00:02:44,560 Speaker 1: individuals were different, I'm a different than you, You're different 48 00:02:44,560 --> 00:02:46,320 Speaker 1: than me. And what that means is that when we 49 00:02:46,400 --> 00:02:49,919 Speaker 1: both look at the same thing, we actually see different things. 50 00:02:50,919 --> 00:02:54,880 Speaker 1: We see different outcomes or different you know, different solutions 51 00:02:54,880 --> 00:02:56,480 Speaker 1: that So if we both look at a problem, I 52 00:02:56,560 --> 00:02:58,359 Speaker 1: might try to solve it one way, you might try 53 00:02:58,360 --> 00:03:01,240 Speaker 1: to solve it another. And that's an important thing because 54 00:03:01,240 --> 00:03:04,240 Speaker 1: we need as many people as we can looking at 55 00:03:04,280 --> 00:03:06,760 Speaker 1: all the problems that we have and trying to solve 56 00:03:06,760 --> 00:03:08,880 Speaker 1: them as fast as we can. So I think it 57 00:03:08,919 --> 00:03:12,560 Speaker 1: probably makes pretty simple sense that the more people we 58 00:03:12,639 --> 00:03:15,880 Speaker 1: have looking at problems and trying to solve them, the 59 00:03:15,919 --> 00:03:18,760 Speaker 1: more solutions, the more progress that will have. And so 60 00:03:19,120 --> 00:03:22,160 Speaker 1: right now, we have about half the adults in the 61 00:03:22,200 --> 00:03:24,360 Speaker 1: world have no access to the financial system. They're not 62 00:03:24,440 --> 00:03:26,799 Speaker 1: in the system. About half of the half the world 63 00:03:26,840 --> 00:03:29,400 Speaker 1: also has no access to the internet. So imagine if 64 00:03:29,440 --> 00:03:33,240 Speaker 1: we can bring half of the world onto the global 65 00:03:33,360 --> 00:03:37,720 Speaker 1: system to start trying to solve more problems, to try 66 00:03:37,720 --> 00:03:41,560 Speaker 1: to create more jobs, to create more businesses. Imagine how 67 00:03:41,760 --> 00:03:46,080 Speaker 1: much more progress this world could have. Imagine the net 68 00:03:46,120 --> 00:03:49,200 Speaker 1: gain for humanity that will come from this, as opposed 69 00:03:49,200 --> 00:03:52,080 Speaker 1: to UM, the financial system that we have today that 70 00:03:52,160 --> 00:03:56,680 Speaker 1: continually pushes more and more and more people out of it. UM. 71 00:03:56,720 --> 00:03:59,920 Speaker 1: It's not inclusive, it's not driving any form of equal 72 00:04:00,200 --> 00:04:01,960 Speaker 1: So this is a big deal. UM. And so we're 73 00:04:02,000 --> 00:04:04,920 Speaker 1: seeing countries doing this, like I said, El Salvador, Brazil 74 00:04:05,760 --> 00:04:07,760 Speaker 1: and a lot of these poor countries that don't have 75 00:04:07,880 --> 00:04:10,800 Speaker 1: a lot to lose are jumping on board with that. 76 00:04:10,920 --> 00:04:14,200 Speaker 1: And we're seeing that happen UM. And it's not just 77 00:04:14,520 --> 00:04:17,240 Speaker 1: UM these third world countries that are really really warming 78 00:04:17,279 --> 00:04:20,360 Speaker 1: up to bitcoin, even in the United States. UM. An 79 00:04:20,360 --> 00:04:23,000 Speaker 1: earlier session, I was talking about how, you know, one 80 00:04:23,040 --> 00:04:25,960 Speaker 1: of the biggest objections that I hear about bitcoin or 81 00:04:25,960 --> 00:04:30,159 Speaker 1: any cryptocurrency for that matter, is people say, ah, yeah, fine, whatever, 82 00:04:30,200 --> 00:04:32,120 Speaker 1: but you know, the government's gonna make it illegal. And 83 00:04:32,160 --> 00:04:35,800 Speaker 1: that's typically probably the biggest thing that I hear. UM. 84 00:04:35,920 --> 00:04:38,320 Speaker 1: I have many reasons why I don't think that's the case, 85 00:04:38,880 --> 00:04:42,480 Speaker 1: but most recently they told us. You know what do 86 00:04:42,520 --> 00:04:45,000 Speaker 1: I mean by that? So we had Jerome Powell, who's 87 00:04:45,040 --> 00:04:47,159 Speaker 1: the chair of the Federal Reserve, and we had Gary 88 00:04:47,200 --> 00:04:50,440 Speaker 1: Ginsler that of the SEC. Both said they won't make 89 00:04:50,520 --> 00:04:54,520 Speaker 1: it illegal because I told us on top of that, UM, 90 00:04:54,560 --> 00:04:56,680 Speaker 1: I don't think they could even if they wanted to. 91 00:04:57,240 --> 00:05:01,360 Speaker 1: And that's because the level of in Frenchment that we've made. 92 00:05:01,400 --> 00:05:04,840 Speaker 1: It's what do I mean by that? Well, now today 93 00:05:04,880 --> 00:05:09,119 Speaker 1: we have dozens and dozens of senators and congress people 94 00:05:09,480 --> 00:05:13,880 Speaker 1: and regulators that own bitcoin. They own it, their fans, 95 00:05:14,520 --> 00:05:17,279 Speaker 1: they promote, they talk about it openly. UM. In addition 96 00:05:17,320 --> 00:05:20,200 Speaker 1: to that, we have all the major financial institutions of 97 00:05:20,240 --> 00:05:23,160 Speaker 1: the United States has also jumped on board. So from 98 00:05:23,200 --> 00:05:27,000 Speaker 1: Goldman Sachs to Fidelity, the largest money manager, New York 99 00:05:27,000 --> 00:05:30,479 Speaker 1: Stock Exchange, you name it, they've all built out UM 100 00:05:30,520 --> 00:05:34,919 Speaker 1: services to be in bitcoin. Now, if you understand anything 101 00:05:34,960 --> 00:05:37,360 Speaker 1: about how laws are made in the United States, then 102 00:05:37,400 --> 00:05:41,680 Speaker 1: you'll understand pretty quickly that one the laws, or I 103 00:05:41,680 --> 00:05:45,400 Speaker 1: should say, the bills that gets submitted, aren't written by 104 00:05:45,880 --> 00:05:49,279 Speaker 1: by the by the by the congressmen and senators. They're 105 00:05:49,279 --> 00:05:52,760 Speaker 1: not written by them. They're typically written by lobbyists and 106 00:05:52,760 --> 00:05:55,760 Speaker 1: then given the congressmen for them to sponsor the bill. 107 00:05:56,480 --> 00:06:02,880 Speaker 1: So who are the lobbyists? Oh yeah, that's the financial companies, right. Yeah. 108 00:06:03,120 --> 00:06:05,159 Speaker 1: So do you think they're gonna be writing bills and 109 00:06:05,200 --> 00:06:08,839 Speaker 1: trying to get Congressmen to UM sponsor those bills that 110 00:06:08,839 --> 00:06:11,560 Speaker 1: would put them out of business, that would potentially cause 111 00:06:11,640 --> 00:06:15,400 Speaker 1: them to lose hundreds of billions of dollars. I don't 112 00:06:15,400 --> 00:06:17,479 Speaker 1: think that's going to happen. And so even if we 113 00:06:17,560 --> 00:06:20,000 Speaker 1: had some you know, some some people in the government 114 00:06:20,040 --> 00:06:23,160 Speaker 1: that wanted to make it illegal, like Rhett brad Sherman 115 00:06:23,200 --> 00:06:26,119 Speaker 1: from California, who has been pretty outspoken about it. UM, 116 00:06:26,160 --> 00:06:28,320 Speaker 1: he's going to face a lot of opposition, not just 117 00:06:28,400 --> 00:06:32,440 Speaker 1: from other Congressmen and senators, but from the biggest lobbying groups, 118 00:06:32,440 --> 00:06:35,320 Speaker 1: the financial services. UM. So that's one thing. Another thing 119 00:06:35,360 --> 00:06:39,479 Speaker 1: I would say is that UM, obviously, UM, you know, 120 00:06:39,520 --> 00:06:40,840 Speaker 1: about a year and a half ago we had the 121 00:06:40,839 --> 00:06:43,320 Speaker 1: pandemic and the whole economy shutdown. You're well aware of 122 00:06:43,320 --> 00:06:46,360 Speaker 1: all of that. You're also well aware that businesses were 123 00:06:46,400 --> 00:06:49,680 Speaker 1: forced to close, businesses were forced out of business. UM. 124 00:06:49,720 --> 00:06:51,400 Speaker 1: People have lost their jobs. As a matter of fact, 125 00:06:51,440 --> 00:06:52,880 Speaker 1: I want to give the jobs numbers here in a 126 00:06:52,880 --> 00:06:56,839 Speaker 1: little bit, um but um, the the in the US, 127 00:06:56,920 --> 00:06:59,200 Speaker 1: the fellow Reserve and the government has spent about eight 128 00:06:59,279 --> 00:07:02,039 Speaker 1: trillion dollars in the last year and a half, eight 129 00:07:02,360 --> 00:07:06,880 Speaker 1: trillion dollars to keep the markets from crashing. Let me 130 00:07:06,920 --> 00:07:08,919 Speaker 1: let me just put that into perspective for you for 131 00:07:08,960 --> 00:07:12,440 Speaker 1: a second. We throw these numbers around so big that 132 00:07:12,480 --> 00:07:15,120 Speaker 1: we lose sight of how big that number is. But 133 00:07:15,200 --> 00:07:17,200 Speaker 1: in two thousand and eight, when we had the Great 134 00:07:17,280 --> 00:07:19,840 Speaker 1: financial crash, if you remember that, right, the great one, 135 00:07:19,960 --> 00:07:23,000 Speaker 1: the Great financial crash, literally the crash that was going 136 00:07:23,040 --> 00:07:27,040 Speaker 1: to crash the entire global banking system. It was that big, 137 00:07:27,240 --> 00:07:30,360 Speaker 1: that bad. At that time, the United States government stepped 138 00:07:30,400 --> 00:07:33,440 Speaker 1: in to bell out the banks with a seven hundred 139 00:07:33,640 --> 00:07:39,680 Speaker 1: billion dollar part loan. So when the entire global banking 140 00:07:39,760 --> 00:07:42,680 Speaker 1: system was going to collapse, it took seven hundred billion 141 00:07:42,760 --> 00:07:44,640 Speaker 1: to prop it up, and they ended up they ended 142 00:07:44,680 --> 00:07:46,680 Speaker 1: up going over a trillion bibo seven done. But let's 143 00:07:46,680 --> 00:07:51,200 Speaker 1: just call it one trillion. Okay. Now we're saying spent 144 00:07:51,560 --> 00:07:54,960 Speaker 1: eight trillion in the last year and a half, eight 145 00:07:55,560 --> 00:07:58,560 Speaker 1: eight times more, all right, So let me just let 146 00:07:58,600 --> 00:08:01,120 Speaker 1: they just puts into perspective. So if they've gone that 147 00:08:01,280 --> 00:08:04,360 Speaker 1: far to spend eight trillion dollars to keep the global 148 00:08:04,400 --> 00:08:08,200 Speaker 1: markets from crashing. Why would they go make it illegal 149 00:08:08,320 --> 00:08:11,640 Speaker 1: now and literally sucked trillions of dollars out of the 150 00:08:11,640 --> 00:08:14,920 Speaker 1: market and crash it like they wouldn't They can't, they 151 00:08:14,960 --> 00:08:17,600 Speaker 1: would They would completely wipe it now unless they wanted to. 152 00:08:18,080 --> 00:08:20,440 Speaker 1: But if they wanted to crash it, then why would 153 00:08:20,480 --> 00:08:22,520 Speaker 1: they have just spent eight trillion dollars to keep it 154 00:08:22,520 --> 00:08:26,160 Speaker 1: from crashing? They would have just let it crash, right, So, um, 155 00:08:26,200 --> 00:08:28,880 Speaker 1: I don't think they will. Now. On top of that, 156 00:08:28,920 --> 00:08:32,880 Speaker 1: when I talk about wiping out the money, the United 157 00:08:33,000 --> 00:08:42,440 Speaker 1: States has become the largest UM bitcoin and cryptocurrency center 158 00:08:42,800 --> 00:08:46,080 Speaker 1: in the world, the largest. Now you may not know 159 00:08:46,160 --> 00:08:48,280 Speaker 1: what's happened over the last couple of months, but something 160 00:08:48,320 --> 00:08:52,160 Speaker 1: has been going on behind the scenes, almost quietly, that 161 00:08:52,440 --> 00:08:56,800 Speaker 1: literally has reshaped the entire global world the map for 162 00:08:56,960 --> 00:09:01,120 Speaker 1: who controls bitcoin and cryptocurrencies UM and so if you 163 00:09:01,360 --> 00:09:03,880 Speaker 1: understand that, I think that will help give you a 164 00:09:03,960 --> 00:09:07,640 Speaker 1: much clear picture of where this is going. Now. By 165 00:09:07,679 --> 00:09:09,800 Speaker 1: the way, you're listening to the Mark ma Show, where 166 00:09:09,800 --> 00:09:12,960 Speaker 1: I bring to you the latest information on bitcoin cryptocurrencies, 167 00:09:12,960 --> 00:09:16,680 Speaker 1: and of course this decentralized revolution that we're living through. 168 00:09:17,040 --> 00:09:21,000 Speaker 1: This is literally going to change the way the world works, 169 00:09:21,040 --> 00:09:24,480 Speaker 1: change humanity, the future of humanity. This is not just 170 00:09:24,720 --> 00:09:28,680 Speaker 1: another cool little fad or technology. It's a revolution. And 171 00:09:29,000 --> 00:09:31,200 Speaker 1: if you want to take advantage of the greatest wealth 172 00:09:31,240 --> 00:09:34,240 Speaker 1: transfer that we've ever witnessed, then you have to take 173 00:09:34,480 --> 00:09:36,959 Speaker 1: part of this revolution that's building. And the best way 174 00:09:37,000 --> 00:09:38,360 Speaker 1: to do that, to have your edge is to have 175 00:09:38,440 --> 00:09:40,800 Speaker 1: this information most don't have. So you're listening to the 176 00:09:40,840 --> 00:09:43,600 Speaker 1: Markma Show. I'm gonna be right back with more. All right, 177 00:09:43,640 --> 00:09:45,880 Speaker 1: welcome back. You are listening to the Mark Ma Show, 178 00:09:45,880 --> 00:09:49,160 Speaker 1: where I bring to you the latest on bitcoin, cryptocurrencies, 179 00:09:49,160 --> 00:09:54,160 Speaker 1: and of course the decentralized revolution leading to the great 180 00:09:54,280 --> 00:09:57,160 Speaker 1: wealth transfer, the biggest opportunity that you will ever see 181 00:09:57,200 --> 00:10:00,240 Speaker 1: in your lifetime and probably multiple lifetimes for that at her. 182 00:10:00,679 --> 00:10:02,760 Speaker 1: The way to participate in it is to have the 183 00:10:02,800 --> 00:10:05,160 Speaker 1: information that most people don't have, which is why I 184 00:10:05,240 --> 00:10:07,880 Speaker 1: bring it to you each and every week. So make 185 00:10:07,880 --> 00:10:10,280 Speaker 1: sure pull out your phone, put a calendar reminder, tune 186 00:10:10,320 --> 00:10:11,960 Speaker 1: in with me each and every week on this station 187 00:10:12,040 --> 00:10:14,920 Speaker 1: so you do not miss it. I mean seriously, not 188 00:10:15,000 --> 00:10:18,000 Speaker 1: to be over the top, but literally one little piece 189 00:10:18,040 --> 00:10:22,200 Speaker 1: of information could change everything for you. All right. Now, 190 00:10:22,280 --> 00:10:25,280 Speaker 1: by the way, follow me on Twitter one Mark Moss. 191 00:10:25,320 --> 00:10:28,280 Speaker 1: I'm at one Mark Moss. Send me a tweet, tweet 192 00:10:28,320 --> 00:10:29,880 Speaker 1: at me. Tell me you listen to me on the show. 193 00:10:29,880 --> 00:10:31,679 Speaker 1: Asked me a question, I'll make sure to answer it 194 00:10:31,880 --> 00:10:34,920 Speaker 1: on the show next week. So pull out your phone. 195 00:10:34,960 --> 00:10:37,720 Speaker 1: Follow me on Twitter at one Mark Moss. Now before 196 00:10:37,720 --> 00:10:40,960 Speaker 1: the break, we were just talking about, uh, lots of things. 197 00:10:40,960 --> 00:10:42,760 Speaker 1: We've been covering a lot of ground here, which is 198 00:10:42,760 --> 00:10:45,040 Speaker 1: why you gotta set the calendar reminder, you know with me. 199 00:10:45,360 --> 00:10:50,199 Speaker 1: But we're talking about, UM, how the level of entrenchment 200 00:10:50,280 --> 00:10:52,280 Speaker 1: of bitcoin in the United States has gotten to a 201 00:10:52,320 --> 00:10:54,400 Speaker 1: point where they just they can't make it legal. They 202 00:10:54,440 --> 00:10:57,840 Speaker 1: literally have told us that they won't as well. UM 203 00:10:57,920 --> 00:11:00,480 Speaker 1: and UM, something I was I was, I was hinting 204 00:11:00,559 --> 00:11:03,360 Speaker 1: towards something big happened over the last couple of months. 205 00:11:03,840 --> 00:11:06,840 Speaker 1: UM that really has seem into the United States position 206 00:11:07,120 --> 00:11:11,040 Speaker 1: in the world in bitcoin. And what I'm talking about 207 00:11:11,160 --> 00:11:14,040 Speaker 1: is UM. Well, earlier I said that probably the biggest 208 00:11:14,600 --> 00:11:18,640 Speaker 1: UH complaint, the biggest thing that I hear about bitcoin 209 00:11:18,800 --> 00:11:20,719 Speaker 1: is that they're going to make it illegal. Okay, So 210 00:11:20,760 --> 00:11:22,760 Speaker 1: that's number one. But we just we just answered that one. 211 00:11:23,160 --> 00:11:27,480 Speaker 1: The second one is that, yeah, but China controls it all, right, China, 212 00:11:27,600 --> 00:11:31,240 Speaker 1: China controls all the mining, right, they control the network, etcetera. Well, 213 00:11:31,240 --> 00:11:34,400 Speaker 1: I've always said that that that's not actually true because 214 00:11:34,440 --> 00:11:37,600 Speaker 1: the miners don't actually control the network. It's actually those 215 00:11:37,640 --> 00:11:40,520 Speaker 1: who run the database, which are the nodes. Um. But 216 00:11:40,520 --> 00:11:45,240 Speaker 1: but anyway, UM, China did have over fifty one of 217 00:11:45,280 --> 00:11:48,240 Speaker 1: the mining capacity. Now, UM, I don't want to get 218 00:11:48,280 --> 00:11:50,120 Speaker 1: super deep into the technical side of it, but let 219 00:11:50,120 --> 00:11:52,200 Speaker 1: me just explain to you what that means real quickly. 220 00:11:52,440 --> 00:11:54,080 Speaker 1: I don't want to get deep into the technical side 221 00:11:54,080 --> 00:11:56,920 Speaker 1: because I don't think it matters. I don't know that's 222 00:11:56,920 --> 00:11:59,880 Speaker 1: the blunt statement to say. But you are listening to 223 00:12:00,040 --> 00:12:03,200 Speaker 1: me right now on the radio. How is it that 224 00:12:03,400 --> 00:12:06,440 Speaker 1: my voice is getting through whatever this mike is on 225 00:12:06,480 --> 00:12:09,600 Speaker 1: my desk and going through some wires on my internet 226 00:12:09,679 --> 00:12:11,760 Speaker 1: right now, and then going through some radio waves and 227 00:12:11,760 --> 00:12:13,920 Speaker 1: then somehow hitting you in your car or wherever you're 228 00:12:13,920 --> 00:12:16,440 Speaker 1: at listening to me. How does that work? You have 229 00:12:16,520 --> 00:12:19,160 Speaker 1: no idea need to do I and I don't need 230 00:12:19,240 --> 00:12:21,800 Speaker 1: to know how that works. What I need to know 231 00:12:21,880 --> 00:12:24,680 Speaker 1: is that the radio is a very valuable tool to 232 00:12:24,720 --> 00:12:27,080 Speaker 1: get me information. So I do know that, so I 233 00:12:27,120 --> 00:12:29,520 Speaker 1: know that I need the radio, I use the radio. 234 00:12:29,800 --> 00:12:32,920 Speaker 1: I don't know exactly how it works, and bitcoin could 235 00:12:32,920 --> 00:12:34,640 Speaker 1: be the same way. It's very important for you to 236 00:12:34,720 --> 00:12:39,040 Speaker 1: understand the problems that it's solving. Um, you know, potentially 237 00:12:39,080 --> 00:12:40,640 Speaker 1: where it could go, how it could change things, how 238 00:12:40,640 --> 00:12:42,480 Speaker 1: could fix things, etcetera. It's important for you to know 239 00:12:42,559 --> 00:12:46,880 Speaker 1: that the why the why about bitcoin. The what isn't 240 00:12:46,920 --> 00:12:48,840 Speaker 1: so important in my opinion. Now some people are just 241 00:12:48,920 --> 00:12:52,280 Speaker 1: tech tech eas um maybe tech nerds. Sorry if that 242 00:12:52,320 --> 00:12:54,880 Speaker 1: offends you, tech ease and you want to figure that out, 243 00:12:54,880 --> 00:12:57,160 Speaker 1: and that's great, and there's there's plenty of resources for 244 00:12:57,200 --> 00:12:59,000 Speaker 1: you to do that. But I'm not going to dive 245 00:12:59,000 --> 00:13:01,840 Speaker 1: into that on this call right now. UM, But back 246 00:13:01,880 --> 00:13:04,559 Speaker 1: to um, just just to give you a high level 247 00:13:04,640 --> 00:13:07,760 Speaker 1: view the way the bitcoin network works is the bitcoin 248 00:13:07,840 --> 00:13:11,040 Speaker 1: network itself, first of all, is a bunch of things. Um. 249 00:13:11,080 --> 00:13:14,480 Speaker 1: It's like a digital cash or it's like a digital gold. Okay, sure, UM, 250 00:13:14,480 --> 00:13:16,559 Speaker 1: it's it's it's so much more than that one thing 251 00:13:16,600 --> 00:13:18,880 Speaker 1: that we do know for sure, because we don't know 252 00:13:18,920 --> 00:13:20,760 Speaker 1: all the things that will become in the future as 253 00:13:20,760 --> 00:13:23,800 Speaker 1: a new technology. One thing we do know for sure 254 00:13:24,280 --> 00:13:29,120 Speaker 1: is it's the most secure computer network in the history 255 00:13:29,160 --> 00:13:33,959 Speaker 1: of the world. Period mic drop. That's it, the most 256 00:13:34,200 --> 00:13:37,080 Speaker 1: secure computer network in the history of the world. Mic 257 00:13:37,160 --> 00:13:40,120 Speaker 1: drop boom. Let me tell you what that means. So 258 00:13:40,360 --> 00:13:44,000 Speaker 1: you're probably aware. It's been all over the news lately. Uh, 259 00:13:44,040 --> 00:13:48,520 Speaker 1: cyber attacks, cyber pandemics, all these things, right, ransomware attacks. UM, 260 00:13:48,559 --> 00:13:51,600 Speaker 1: the Internet's under attack. It's a dangerous place. That's all 261 00:13:51,640 --> 00:13:54,679 Speaker 1: part of the World Economics Forum trying to lead us 262 00:13:54,720 --> 00:13:57,360 Speaker 1: into this global ID system that they're that they want 263 00:13:57,400 --> 00:14:01,120 Speaker 1: to enact. UM. But we're seeing the attacks happening all 264 00:14:01,160 --> 00:14:04,120 Speaker 1: the time. And when he saw Experience is hacked one 265 00:14:04,160 --> 00:14:08,600 Speaker 1: of the credit bureaus, and more Americans information got leaked 266 00:14:08,600 --> 00:14:10,680 Speaker 1: and stolen onto the web than ever before. From the 267 00:14:10,720 --> 00:14:15,760 Speaker 1: Experience act UM, we saw even the n s A, 268 00:14:16,920 --> 00:14:19,040 Speaker 1: then the n s A of the United States, the 269 00:14:19,120 --> 00:14:23,640 Speaker 1: National Security Uh oh uh, shoot, I don't even know 270 00:14:23,640 --> 00:14:27,440 Speaker 1: what it stands for. UM's the n s A were hacked. 271 00:14:28,320 --> 00:14:31,160 Speaker 1: And when they hacked the n s A, what did 272 00:14:31,200 --> 00:14:35,280 Speaker 1: they take? Oh, they hacked, they hacked the n s A, 273 00:14:35,480 --> 00:14:40,160 Speaker 1: and they stole their hacking software. The National Security Agency. Sorry, 274 00:14:40,280 --> 00:14:44,480 Speaker 1: so the national level intelligence of the United States, the 275 00:14:44,520 --> 00:14:47,480 Speaker 1: Department of Defense, under the authority of the Director of 276 00:14:47,520 --> 00:14:51,320 Speaker 1: the National Intelligence. The n s A is responsible for 277 00:14:51,440 --> 00:14:57,120 Speaker 1: global monitoring, collecting, and processing of information and data for 278 00:14:57,120 --> 00:15:03,400 Speaker 1: foreign and domestic intelligence and unenter intelligence purposes. Okay, talk 279 00:15:03,440 --> 00:15:05,720 Speaker 1: about the National Security Agency, the n s A. They 280 00:15:05,720 --> 00:15:07,720 Speaker 1: were hacked, and when they hacked the n s A, 281 00:15:07,840 --> 00:15:11,160 Speaker 1: they took their hacking software, which has led to all 282 00:15:11,200 --> 00:15:13,280 Speaker 1: these ransomware attacks that we have all the time. That's great. 283 00:15:13,600 --> 00:15:18,080 Speaker 1: So if if the if the government's own agency that's 284 00:15:18,160 --> 00:15:23,800 Speaker 1: responsible for national level intelligence under the Department Events cannot 285 00:15:23,880 --> 00:15:26,760 Speaker 1: prevent their own network from being hacked, how is any 286 00:15:26,760 --> 00:15:28,400 Speaker 1: other network going to be able to prevent itself from 287 00:15:28,400 --> 00:15:31,400 Speaker 1: being hacked. I mean, I'm talking about the most secure 288 00:15:31,400 --> 00:15:33,920 Speaker 1: computer network in the world in some building with full 289 00:15:33,960 --> 00:15:36,200 Speaker 1: time you know, security going around it, blah blah blah, 290 00:15:36,200 --> 00:15:40,000 Speaker 1: and they couldn't prevent it being hacked. The bitcoin network 291 00:15:40,240 --> 00:15:44,640 Speaker 1: is different. The bitcoin network has no security. It has 292 00:15:44,720 --> 00:15:48,480 Speaker 1: no I T. Department, it has no building, it has 293 00:15:48,520 --> 00:15:53,960 Speaker 1: no company, no no, no nothing. It's completely open source, 294 00:15:54,480 --> 00:15:58,680 Speaker 1: so everybody can see the code. Everybody has access to 295 00:15:58,720 --> 00:16:02,560 Speaker 1: the code. Anybody can remember we talked about the banking 296 00:16:02,560 --> 00:16:08,480 Speaker 1: system being permissioned. The bitcoin network is permission lists. Anybody 297 00:16:08,520 --> 00:16:11,720 Speaker 1: can join the Bitcoin network without having to get permission, 298 00:16:12,640 --> 00:16:17,760 Speaker 1: like I said, So it's open, permissionless, and there's there's nobody, 299 00:16:17,840 --> 00:16:21,040 Speaker 1: no building, nobody watching it. And there's as of now, 300 00:16:21,080 --> 00:16:25,800 Speaker 1: there's over one trillion dollars of value sitting there in 301 00:16:25,840 --> 00:16:30,840 Speaker 1: the open, unprotected. Come and get it, Come and get it. 302 00:16:31,360 --> 00:16:35,960 Speaker 1: Uh alert alert alert, all hackers, come out and get 303 00:16:35,960 --> 00:16:38,680 Speaker 1: the money off the bitcoin network. It's not protected. It's 304 00:16:38,680 --> 00:16:41,600 Speaker 1: open source. I mean literally, they've hacked every other network, 305 00:16:42,040 --> 00:16:47,080 Speaker 1: but the Bitcoin network. It's never been hacked ever and 306 00:16:47,120 --> 00:16:51,240 Speaker 1: most likely never will. Now why is that? That's because 307 00:16:51,280 --> 00:16:55,720 Speaker 1: it's a brand new technology that's never been done before. 308 00:16:55,760 --> 00:16:58,760 Speaker 1: It's a technological revolution. And so the way that it 309 00:16:58,800 --> 00:17:03,440 Speaker 1: works is that instead of having one centralized database like 310 00:17:03,480 --> 00:17:06,240 Speaker 1: the n s A has, instead of having one, you 311 00:17:06,320 --> 00:17:11,359 Speaker 1: have hundreds or thousands or even millions of copies of 312 00:17:11,400 --> 00:17:16,119 Speaker 1: the database floating around. Um. Everybody runs the entire database 313 00:17:16,520 --> 00:17:19,800 Speaker 1: right now today the database is about three hunter gigabytes UM. 314 00:17:19,840 --> 00:17:22,440 Speaker 1: You run them on what's called a node. I run 315 00:17:22,480 --> 00:17:24,679 Speaker 1: two nodes, one of my house in California and one 316 00:17:24,680 --> 00:17:27,360 Speaker 1: of my house in Puerto Rico, and lots of other 317 00:17:27,400 --> 00:17:29,880 Speaker 1: people do as well. So you have the nodes, all right, 318 00:17:30,359 --> 00:17:33,560 Speaker 1: that runs the database. Now or a transaction to happen, 319 00:17:33,960 --> 00:17:37,280 Speaker 1: the databases have to achieve consensus. That means more than 320 00:17:38,240 --> 00:17:41,800 Speaker 1: have to agree that this transaction is valid. But how 321 00:17:41,800 --> 00:17:44,760 Speaker 1: do the transactions get processed or put to the nodes? 322 00:17:45,200 --> 00:17:49,040 Speaker 1: That is done by the miners. So miners are specially 323 00:17:49,080 --> 00:17:53,560 Speaker 1: purpose built computers that process transactions. I don't want to 324 00:17:53,560 --> 00:17:54,960 Speaker 1: go super deep into this, but I'm gonna give you 325 00:17:55,040 --> 00:17:56,760 Speaker 1: just a little bit more so you have a base 326 00:17:56,960 --> 00:17:59,600 Speaker 1: understanding of this, because you need to understand this to 327 00:17:59,720 --> 00:18:04,479 Speaker 1: under stand how the United States just took leadership in 328 00:18:04,560 --> 00:18:07,320 Speaker 1: the world. So you need to understand this. I'm gonna 329 00:18:07,359 --> 00:18:09,800 Speaker 1: explain a little bit more to you. You're listening to 330 00:18:09,840 --> 00:18:12,200 Speaker 1: the Mark Mos Show, where I bring to you the 331 00:18:12,280 --> 00:18:16,040 Speaker 1: latest information on bitcoin, cryptocurrencies and this decentralized revolution, so 332 00:18:16,119 --> 00:18:18,600 Speaker 1: you have the edge and you can participate in the 333 00:18:18,640 --> 00:18:22,520 Speaker 1: greatest wealth transfer and history. I'll be right back, all right, 334 00:18:22,560 --> 00:18:24,840 Speaker 1: welcome back. You are listening to the Mark Mos Show, 335 00:18:25,280 --> 00:18:28,639 Speaker 1: and I'm bringing you the latest information on bitcoin cryptocurrencies, 336 00:18:28,680 --> 00:18:34,359 Speaker 1: and the decentralized revolution literally leading to the biggest opportunity 337 00:18:34,480 --> 00:18:36,560 Speaker 1: that you'll ever see, not just you'll ever see, but 338 00:18:36,800 --> 00:18:40,720 Speaker 1: that will have been seen in multiple generations. It's that big, 339 00:18:40,840 --> 00:18:44,560 Speaker 1: leading to the greatest wealth transfer in history. Now, before 340 00:18:44,560 --> 00:18:46,880 Speaker 1: the break, I was talking about a little bit about 341 00:18:46,920 --> 00:18:48,600 Speaker 1: the technical side. I don't want to go super deep 342 00:18:48,600 --> 00:18:50,920 Speaker 1: in the technical side, but I was explaining to you 343 00:18:50,960 --> 00:18:55,080 Speaker 1: that this new technological revolution Bitcoin, what is it right, Um, 344 00:18:55,080 --> 00:18:56,800 Speaker 1: it's a bunch of things. But what we do know 345 00:18:56,880 --> 00:18:59,600 Speaker 1: is it's the most secure computer network in the history 346 00:18:59,720 --> 00:19:02,680 Speaker 1: of a world. While we're at a time right now 347 00:19:02,720 --> 00:19:05,120 Speaker 1: where almost every other day you see a new news 348 00:19:05,160 --> 00:19:07,960 Speaker 1: headline about networks being hacked. We talked about how even 349 00:19:08,000 --> 00:19:09,840 Speaker 1: the n s A was hacked, which is the National 350 00:19:09,840 --> 00:19:13,359 Speaker 1: Security Agency, which is the national level of intelligence for 351 00:19:13,400 --> 00:19:16,280 Speaker 1: the entire United States. Even they were hacked. But yet 352 00:19:16,280 --> 00:19:20,119 Speaker 1: the Bitcoin network is completely open. Um, nobody's there's no company, 353 00:19:20,200 --> 00:19:22,680 Speaker 1: no one monitoring it, no one and protecting it. But yeah, 354 00:19:22,680 --> 00:19:24,720 Speaker 1: it's never been hacked. And the reason why is because 355 00:19:24,760 --> 00:19:29,240 Speaker 1: the database is decentralized, meaning instead of having one centralized 356 00:19:29,280 --> 00:19:31,720 Speaker 1: database like the NSA has or like Facebook has, instead 357 00:19:31,720 --> 00:19:35,200 Speaker 1: of one there's a million or whatever hundreds of thousands 358 00:19:35,200 --> 00:19:38,600 Speaker 1: of databases running all around the world, and so they 359 00:19:38,640 --> 00:19:42,680 Speaker 1: have to achieve consensus in order to verify a transaction. 360 00:19:43,000 --> 00:19:45,880 Speaker 1: But how do the transactions get put up to the nodes. Well, 361 00:19:45,960 --> 00:19:49,439 Speaker 1: that's being done through miners. So a minor is like 362 00:19:49,560 --> 00:19:54,160 Speaker 1: a as a specialty built especially purpose built computer UM 363 00:19:54,320 --> 00:19:58,160 Speaker 1: that can hook into the network and help process transactions. Now, 364 00:19:58,160 --> 00:20:00,240 Speaker 1: remember if you're with me before the break, I said 365 00:20:00,280 --> 00:20:04,120 Speaker 1: that Bitcoin is open, and it's that means anybody can 366 00:20:04,160 --> 00:20:05,920 Speaker 1: have access to the code, see what's happened on the code. 367 00:20:05,920 --> 00:20:10,120 Speaker 1: It's also permission lists, so the banking system is permissioned, 368 00:20:10,160 --> 00:20:12,879 Speaker 1: which is why most people can't get into it. Facebook 369 00:20:12,920 --> 00:20:14,959 Speaker 1: is permission You have to have permission to join it 370 00:20:15,240 --> 00:20:17,399 Speaker 1: and they don't even barely give you any a p 371 00:20:17,520 --> 00:20:19,119 Speaker 1: I S if you want to connect anything to it. 372 00:20:19,320 --> 00:20:23,080 Speaker 1: But the Bitcoin network is open and permission list. Anybody 373 00:20:23,119 --> 00:20:25,320 Speaker 1: can just join, anybody can see the code, anybody can 374 00:20:25,320 --> 00:20:27,960 Speaker 1: start building right on top of Bitcoin. And yet it's 375 00:20:27,960 --> 00:20:31,520 Speaker 1: never been hacked. And so the miners. Anybody could buy 376 00:20:31,640 --> 00:20:33,879 Speaker 1: a computer, a mining computer, and you could hook it 377 00:20:33,920 --> 00:20:35,800 Speaker 1: to the network and you could just start mining. No 378 00:20:36,080 --> 00:20:41,159 Speaker 1: permission is required now in exchange for helping process transactions 379 00:20:41,160 --> 00:20:44,400 Speaker 1: on the bitcoin network, you earn rewards, right, you get 380 00:20:44,400 --> 00:20:46,919 Speaker 1: paid for that. It costs money to buy the minor, 381 00:20:47,160 --> 00:20:50,159 Speaker 1: to buy the computer, it cost money to buy the 382 00:20:50,200 --> 00:20:53,399 Speaker 1: electricity to mind to power the minor, and so in 383 00:20:53,520 --> 00:20:57,360 Speaker 1: return you earn a reward. UM. You make money back UM. 384 00:20:57,640 --> 00:21:01,840 Speaker 1: And you earn rewards two ways. The first way is 385 00:21:01,880 --> 00:21:04,120 Speaker 1: through block rewards. And so what that means is that 386 00:21:04,200 --> 00:21:08,679 Speaker 1: for UM, the more UM, the more blocks. So the 387 00:21:08,760 --> 00:21:12,320 Speaker 1: more let's just call it, the more processing that we 388 00:21:12,359 --> 00:21:15,960 Speaker 1: do on the network, UM, we unlock new bitcoins, new 389 00:21:16,000 --> 00:21:18,680 Speaker 1: new coins, new rewards. There's about as of right now, 390 00:21:18,720 --> 00:21:25,200 Speaker 1: there's nine hundred new bitcoin unlocked every day. UM. That 391 00:21:25,280 --> 00:21:29,239 Speaker 1: amount gets cut in half every four years. So the 392 00:21:29,320 --> 00:21:33,119 Speaker 1: last we call it a having was was May, and 393 00:21:33,160 --> 00:21:35,040 Speaker 1: the next one happens in four years from that date, 394 00:21:35,080 --> 00:21:40,119 Speaker 1: so and that will go from nine hundred down to 395 00:21:40,160 --> 00:21:44,080 Speaker 1: about four bitcoin per day. So UM. The miners are 396 00:21:44,080 --> 00:21:47,360 Speaker 1: earning rewards two ways, one unlocking new coins and two 397 00:21:47,920 --> 00:21:51,080 Speaker 1: they earn a percentage of the fees for processing the 398 00:21:51,119 --> 00:21:54,480 Speaker 1: transactions now UM back to the minors. So the miners 399 00:21:54,680 --> 00:21:56,640 Speaker 1: are the ones that process these these things and earn 400 00:21:56,640 --> 00:22:01,239 Speaker 1: the rewards, and so over fifty about approximately, even if 401 00:22:01,280 --> 00:22:04,119 Speaker 1: the sixty percent of all the miners, all the bitcoin 402 00:22:04,160 --> 00:22:07,919 Speaker 1: miners in the world were located in China, and so 403 00:22:07,960 --> 00:22:10,119 Speaker 1: a lot of people were saying, oh, shoot, you know 404 00:22:10,200 --> 00:22:14,000 Speaker 1: China controls the network. That's so dangerous. They could potentially 405 00:22:14,000 --> 00:22:16,040 Speaker 1: take over the network. You know, they have over, they 406 00:22:16,080 --> 00:22:19,600 Speaker 1: have over, they have consensus. If they all organized and 407 00:22:19,640 --> 00:22:22,119 Speaker 1: got all their miners to get together, they could attack 408 00:22:22,160 --> 00:22:25,840 Speaker 1: the network and things like that. And you know, while 409 00:22:25,880 --> 00:22:29,240 Speaker 1: I said earlier, it's the nodes that actually run the database, 410 00:22:29,280 --> 00:22:31,760 Speaker 1: not the miners um. So really it wasn't that big 411 00:22:31,800 --> 00:22:33,720 Speaker 1: of a threat, but it was still there. They were 412 00:22:33,800 --> 00:22:35,800 Speaker 1: that they could have they could have done something malicious. 413 00:22:36,200 --> 00:22:39,879 Speaker 1: But a couple of months ago, China decided that they 414 00:22:39,880 --> 00:22:42,360 Speaker 1: didn't want them bitcoin miners to be in their country anymore. 415 00:22:42,800 --> 00:22:46,600 Speaker 1: As a matter of fact, I'm calling this China's second 416 00:22:46,880 --> 00:22:51,600 Speaker 1: fatal mistake. Yeah, that big, China's second fatal mistake. So 417 00:22:51,720 --> 00:22:54,680 Speaker 1: the first fatal mistake was about a hundred and I 418 00:22:54,720 --> 00:22:56,920 Speaker 1: don't know, a hundred and fifty years ago. Years ago, 419 00:22:57,440 --> 00:23:02,120 Speaker 1: the entire world started moving to a gold standard. They 420 00:23:02,160 --> 00:23:05,240 Speaker 1: decided that gold was better money UM, and so everybody 421 00:23:05,280 --> 00:23:07,879 Speaker 1: started moving over. Well, China didn't want to move to 422 00:23:07,920 --> 00:23:13,080 Speaker 1: a gold standard. China wanted to stay on a silver standard. Well, 423 00:23:14,480 --> 00:23:16,679 Speaker 1: the whole world went to gold, China stayed on silver, 424 00:23:16,840 --> 00:23:19,600 Speaker 1: and guess what, it didn't work out too well for China. 425 00:23:20,080 --> 00:23:24,679 Speaker 1: China lost big the whole gold one they lost with silver, 426 00:23:25,000 --> 00:23:27,840 Speaker 1: and they lost their position on the world stage as 427 00:23:27,840 --> 00:23:32,399 Speaker 1: a global power UM in the early dreds around thirty 428 00:23:32,440 --> 00:23:35,359 Speaker 1: they had to give up on the silver standard UH, 429 00:23:35,400 --> 00:23:37,280 Speaker 1: and they had to switch to a gold standard like 430 00:23:37,320 --> 00:23:41,320 Speaker 1: everybody else did. For the last hundred years, they've been 431 00:23:41,359 --> 00:23:44,520 Speaker 1: trying to get back to a position of power. They 432 00:23:44,560 --> 00:23:49,159 Speaker 1: have become the largest holder of gold in the world. 433 00:23:49,440 --> 00:23:51,680 Speaker 1: They've had a policy for about the last decade or 434 00:23:51,720 --> 00:23:56,240 Speaker 1: so where anybody could come mine gold in in China, 435 00:23:56,440 --> 00:23:58,639 Speaker 1: but you weren't allowed to send the gold out of 436 00:23:58,680 --> 00:24:00,680 Speaker 1: the country. Any gold that you might mind in China 437 00:24:00,800 --> 00:24:03,880 Speaker 1: had to be sold back to China. UM. And they 438 00:24:03,880 --> 00:24:06,399 Speaker 1: also imported mass amounts of gold. So it's estimated that 439 00:24:06,480 --> 00:24:11,000 Speaker 1: China holds over thirty thou tons of gold, which makes 440 00:24:11,080 --> 00:24:13,960 Speaker 1: them the biggest gold holder in the world by far 441 00:24:14,000 --> 00:24:16,320 Speaker 1: and away. By the way, you're listening to the Mark 442 00:24:16,400 --> 00:24:19,240 Speaker 1: Mass Show where I'm talking about bitcoin, I'm talking about cryptocurrencies, 443 00:24:19,240 --> 00:24:22,600 Speaker 1: and I'm talking about the decentralized revolution. Make sure you're 444 00:24:22,640 --> 00:24:23,960 Speaker 1: tune in with me each and every week on the 445 00:24:24,000 --> 00:24:26,680 Speaker 1: Mark Mass Show. Tweet at me. At one Mark Moss 446 00:24:26,680 --> 00:24:28,399 Speaker 1: asked me some questions and I'll make sure to answer 447 00:24:28,400 --> 00:24:32,840 Speaker 1: those for you. Um So China made that mistake? Um uh. 448 00:24:33,320 --> 00:24:35,679 Speaker 1: Sticking with silver, they spent the last hundred years acquiring 449 00:24:35,680 --> 00:24:39,199 Speaker 1: the most amount of gold and they finally become the 450 00:24:39,280 --> 00:24:45,119 Speaker 1: largest gold holder. Congratulations. They also had the most bitcoin 451 00:24:45,200 --> 00:24:47,359 Speaker 1: mining happening in China, and they could have done the 452 00:24:47,400 --> 00:24:49,560 Speaker 1: same thing with gold, which is, hey, you can mind 453 00:24:49,600 --> 00:24:51,840 Speaker 1: bitcoin in uh in China, but you have to sell 454 00:24:51,880 --> 00:24:54,200 Speaker 1: all the bitcoin to us, just like they with gold. 455 00:24:54,240 --> 00:24:56,200 Speaker 1: But they didn't do that. A couple of months ago, 456 00:24:56,240 --> 00:24:59,600 Speaker 1: they decided to kick all the bitcoin miners out of 457 00:24:59,600 --> 00:25:01,640 Speaker 1: the country. Get out of here. We don't want you here. 458 00:25:02,400 --> 00:25:05,240 Speaker 1: And I'm calling this the second fatal mistake because they 459 00:25:05,280 --> 00:25:07,080 Speaker 1: tried to hang and when the whole world went to gold, 460 00:25:07,080 --> 00:25:09,480 Speaker 1: they stayed with silver and they lost big. Now the 461 00:25:09,480 --> 00:25:12,119 Speaker 1: whole world is moving to bitcoin and they're trying to 462 00:25:12,160 --> 00:25:15,840 Speaker 1: stick with gold, they're a step behind, and I'm I 463 00:25:15,840 --> 00:25:18,400 Speaker 1: believe this was their second fatal mistake. Now they went 464 00:25:18,400 --> 00:25:21,040 Speaker 1: ahead and shut down. So remember I said that they 465 00:25:21,040 --> 00:25:24,800 Speaker 1: had about six of the bitcoin network there and they 466 00:25:24,880 --> 00:25:27,160 Speaker 1: literally shut it off, kicked it out of the country. 467 00:25:27,480 --> 00:25:30,760 Speaker 1: I mean, within days we saw over half of the 468 00:25:30,800 --> 00:25:34,760 Speaker 1: network shut down. Literally, it was it's the largest attack 469 00:25:35,160 --> 00:25:38,520 Speaker 1: we could have ever imagined to happen on bitcoin um. 470 00:25:38,560 --> 00:25:42,720 Speaker 1: And it happened, and the Bitcoin network didn't even skip 471 00:25:42,760 --> 00:25:45,960 Speaker 1: a beat. Didn't even skip a beat. It kept going. 472 00:25:46,320 --> 00:25:48,240 Speaker 1: Share transaction times maybe got a little bit slower, a 473 00:25:48,240 --> 00:25:50,800 Speaker 1: little bit more expensive, but it didn't really affect things 474 00:25:50,800 --> 00:25:53,840 Speaker 1: too much. Now, all those miners had to pack up 475 00:25:54,040 --> 00:25:56,560 Speaker 1: and move, they had to leave. Where are they going 476 00:25:56,640 --> 00:26:00,000 Speaker 1: to go? Well, the majority of them, a good majority 477 00:26:00,000 --> 00:26:03,720 Speaker 1: of them moved to Texas. They moved to Texas. That's right. 478 00:26:03,960 --> 00:26:07,760 Speaker 1: So the United States became the big beneficiary of this. 479 00:26:08,040 --> 00:26:09,679 Speaker 1: As a matter of fact, like I said, it was, 480 00:26:09,520 --> 00:26:12,280 Speaker 1: it was Texas. And the reason why Texas is because 481 00:26:12,400 --> 00:26:17,320 Speaker 1: of the massive amounts of energy that's being wasted over there. 482 00:26:17,400 --> 00:26:21,720 Speaker 1: Now I say wasted because there's also this narrative that 483 00:26:21,800 --> 00:26:24,600 Speaker 1: bitcoin is a waste of electricity is a waste of energy, 484 00:26:25,080 --> 00:26:28,920 Speaker 1: and that couldn't be further from the truth. Um, it's 485 00:26:28,960 --> 00:26:34,480 Speaker 1: a well, i'd call it a misleading in the headline, 486 00:26:34,560 --> 00:26:38,560 Speaker 1: but it's kind of a dishonesty at least, it's an 487 00:26:38,840 --> 00:26:42,720 Speaker 1: intellectually dishonest lie that the media is telling you. Um. 488 00:26:42,920 --> 00:26:47,560 Speaker 1: Bitcoin goes to where there's wasted electronic electricity, where nobody's 489 00:26:47,680 --> 00:26:51,040 Speaker 1: using it, so it uses trash, it doesn't use anything 490 00:26:51,080 --> 00:26:53,640 Speaker 1: that's in demand. I'll explain to you what I mean 491 00:26:53,680 --> 00:26:57,280 Speaker 1: by that, what's happening in Texas and why now the 492 00:26:57,359 --> 00:27:02,160 Speaker 1: United States is leading the world in bitcoin. Um, because 493 00:27:02,160 --> 00:27:04,080 Speaker 1: this has massive implications that you need to know. Like 494 00:27:04,080 --> 00:27:06,680 Speaker 1: I said that, it's been like the number one thing 495 00:27:06,720 --> 00:27:08,040 Speaker 1: that I hear from people is like, oh, yeah, the 496 00:27:08,040 --> 00:27:10,920 Speaker 1: government's gonna make it illegal. But as I said, uh, 497 00:27:10,920 --> 00:27:12,960 Speaker 1: they're not. And I've given you many of reasons why. 498 00:27:13,320 --> 00:27:16,600 Speaker 1: But now the United States has taken the lead of 499 00:27:16,640 --> 00:27:19,439 Speaker 1: the world. It's up to our our best interests. It's 500 00:27:19,480 --> 00:27:22,640 Speaker 1: a national security issue. If we want the United States 501 00:27:22,720 --> 00:27:25,000 Speaker 1: to continue doing well, for people in the United States 502 00:27:25,000 --> 00:27:27,480 Speaker 1: to continue doing well, Um, then it's in the United 503 00:27:27,520 --> 00:27:29,760 Speaker 1: States best interests to continue to allow this to happen. 504 00:27:30,240 --> 00:27:32,960 Speaker 1: So I'm gonna explain to you why that is, um 505 00:27:33,000 --> 00:27:35,840 Speaker 1: and we'll talk about the power, why Texas and so 506 00:27:35,960 --> 00:27:37,640 Speaker 1: much more. Like I said, you're listening to the Mark 507 00:27:37,720 --> 00:27:40,040 Speaker 1: Moas Show, where I'm bringing you the most up to 508 00:27:40,160 --> 00:27:45,240 Speaker 1: date information on bitcoin, cryptocurrencies and the decentralized revolution each 509 00:27:45,320 --> 00:27:49,240 Speaker 1: and every week, so you have the information that you need, 510 00:27:49,480 --> 00:27:52,440 Speaker 1: the asymmetric information to take advantage of the asymmetric edge, 511 00:27:52,480 --> 00:27:57,320 Speaker 1: the asymmetric opportunity that bitcoin presents the greatest wealth transfer 512 00:27:57,320 --> 00:27:59,600 Speaker 1: in the history of the world. Again, you're listening to 513 00:27:59,640 --> 00:28:02,480 Speaker 1: the Mark of Show. Put it on your calendar, be 514 00:28:02,560 --> 00:28:05,560 Speaker 1: with me every week and I will be right back. 515 00:28:06,119 --> 00:28:08,120 Speaker 1: All right, welcome back. You are listening to the Mark 516 00:28:08,200 --> 00:28:12,040 Speaker 1: Moss Show, where I bring to the latest information on bitcoin, 517 00:28:12,080 --> 00:28:17,400 Speaker 1: cryptocurrencies and the decentralized revolution each end every week. I mean, 518 00:28:17,480 --> 00:28:19,840 Speaker 1: I'm bringing you the information that you're not gonna hear 519 00:28:19,880 --> 00:28:22,600 Speaker 1: anywhere else, and it's the information that you need to 520 00:28:22,800 --> 00:28:26,040 Speaker 1: have the edge so you know how to participate. What 521 00:28:26,119 --> 00:28:28,520 Speaker 1: happens is, you know, anytime that you buy something that 522 00:28:28,560 --> 00:28:32,240 Speaker 1: you don't fully understand then and you don't understand why 523 00:28:32,240 --> 00:28:33,720 Speaker 1: you bought it or where it's supposed to go in 524 00:28:33,760 --> 00:28:36,919 Speaker 1: the future, then you can easily be shaken out of that. Um. 525 00:28:37,000 --> 00:28:39,680 Speaker 1: Let's say that you saw somebody on TikTok or Twitter 526 00:28:39,800 --> 00:28:42,520 Speaker 1: say you should buy this cryptocurrency or bitcoin or whatever, 527 00:28:42,840 --> 00:28:44,880 Speaker 1: and you just buy it because I don't know, they 528 00:28:44,880 --> 00:28:48,200 Speaker 1: sounded good, they're convincing or whatever. Um. But then the price, 529 00:28:48,360 --> 00:28:50,560 Speaker 1: you know, the price of bitcoin dipped from sixty five 530 00:28:50,600 --> 00:28:52,840 Speaker 1: thousand all the way down to like thirty and then 531 00:28:52,840 --> 00:28:54,600 Speaker 1: you're like, oh my gosh, I can't believe it. I 532 00:28:54,640 --> 00:28:56,760 Speaker 1: just lost half my money. I better sell as fast 533 00:28:56,800 --> 00:29:00,719 Speaker 1: as I can. Well, if you really understood what it was, 534 00:29:01,480 --> 00:29:03,840 Speaker 1: what was going on, and most importantly, where it's going 535 00:29:03,840 --> 00:29:07,160 Speaker 1: in the future, you probably wouldn't have sold and you 536 00:29:07,200 --> 00:29:08,760 Speaker 1: would have held on and it would have made all 537 00:29:08,800 --> 00:29:10,400 Speaker 1: your money back. And so that's why it's important for 538 00:29:10,440 --> 00:29:14,640 Speaker 1: you to understand this. Um. Unfortunately, well it's not unfortunate. 539 00:29:14,640 --> 00:29:18,320 Speaker 1: As a matter of fact, it's not unfortunate. It's actually fortunate. Uh. Fortunately, 540 00:29:18,720 --> 00:29:23,040 Speaker 1: bitcoin is volatile. It's very, very volatile, and that is 541 00:29:23,080 --> 00:29:26,040 Speaker 1: a good thing. Why why is it a good thing? Well, 542 00:29:26,880 --> 00:29:32,080 Speaker 1: because volatility works both ways. If there was zero volatility, 543 00:29:32,200 --> 00:29:35,160 Speaker 1: then the price doesn't go up or down right, it 544 00:29:35,200 --> 00:29:37,160 Speaker 1: works both ways. How does an asset like bitcoin go 545 00:29:37,240 --> 00:29:41,240 Speaker 1: from zero to being worth fifty eight thousand dollars without volatility? 546 00:29:41,320 --> 00:29:45,200 Speaker 1: It doesn't. It can't, right, um, And so we want 547 00:29:45,240 --> 00:29:47,400 Speaker 1: the volatility because we want the price to keep going up. 548 00:29:47,680 --> 00:29:49,560 Speaker 1: I think we could see it be worth five hundred 549 00:29:49,640 --> 00:29:51,800 Speaker 1: thousand dollars. I think we could see one bitcoin worth 550 00:29:51,960 --> 00:29:56,360 Speaker 1: one million dollars. But it won't happen in a straight line. 551 00:29:56,400 --> 00:29:58,600 Speaker 1: It's going to constantly go up and down, up and down, 552 00:29:58,720 --> 00:30:00,720 Speaker 1: up and down, up and down as it continues to 553 00:30:00,760 --> 00:30:04,000 Speaker 1: go higher. As a matter of fact, um, since bitcoin 554 00:30:04,120 --> 00:30:07,760 Speaker 1: has come out over the last now about twelve years, UM, 555 00:30:07,800 --> 00:30:12,560 Speaker 1: every single year the lowest point, the lowest price every 556 00:30:12,640 --> 00:30:16,200 Speaker 1: year has been higher. So it seems very volatile. But 557 00:30:16,240 --> 00:30:18,480 Speaker 1: if you looked at the lowest price point every year, 558 00:30:18,560 --> 00:30:20,880 Speaker 1: it's always gone up except for one year that was 559 00:30:22,280 --> 00:30:25,240 Speaker 1: um and so it's volatile. But how do you A 560 00:30:25,320 --> 00:30:27,000 Speaker 1: lot of people said, oh, I wish I could have 561 00:30:27,040 --> 00:30:28,920 Speaker 1: had if I could have a time, magine, I wish 562 00:30:28,960 --> 00:30:31,640 Speaker 1: I would have bought bitcoin when it was a dollar. Well, 563 00:30:32,000 --> 00:30:33,440 Speaker 1: I'm here to tell you that even if you bought 564 00:30:33,440 --> 00:30:35,320 Speaker 1: bitcoin for a dollar, you would you wouldn't still own 565 00:30:35,320 --> 00:30:38,560 Speaker 1: it today. The reason why is because one, when it 566 00:30:38,600 --> 00:30:40,840 Speaker 1: went from a dollar to ten dollars, you probably would 567 00:30:40,880 --> 00:30:42,760 Speaker 1: have sold it, or maybe you held it and it 568 00:30:42,800 --> 00:30:44,680 Speaker 1: went to a thousand dollars. From one to a thousand, 569 00:30:44,720 --> 00:30:46,560 Speaker 1: you probably would have sold it. What about when when 570 00:30:46,560 --> 00:30:48,200 Speaker 1: it went to a thousand and dropped all the way 571 00:30:48,200 --> 00:30:51,560 Speaker 1: back down to two hundred. Oh my gosh, I can't 572 00:30:51,560 --> 00:30:53,120 Speaker 1: believe it. I should have sold it a thousand? What 573 00:30:53,200 --> 00:30:54,640 Speaker 1: I do? And then it starts going back up to 574 00:30:54,680 --> 00:30:57,600 Speaker 1: three four hundred and then you sell And now imagine 575 00:30:57,640 --> 00:31:01,280 Speaker 1: that happening over and over and over and over again 576 00:31:01,320 --> 00:31:03,560 Speaker 1: for a decade. How would you have ever held it? 577 00:31:03,560 --> 00:31:05,280 Speaker 1: It wouldn't have been able to. Most people wouldn't been 578 00:31:05,280 --> 00:31:08,840 Speaker 1: able to. Well. The way that you can is to 579 00:31:09,560 --> 00:31:11,960 Speaker 1: understand where it's going in the long run and stop 580 00:31:12,000 --> 00:31:14,080 Speaker 1: thinking about the short term. So UM, that's why I'm 581 00:31:14,120 --> 00:31:17,600 Speaker 1: bringing this to you. We were talking about China making 582 00:31:17,640 --> 00:31:21,480 Speaker 1: the second fatal mistake, UM, kicking all the bitcoin network 583 00:31:21,560 --> 00:31:23,640 Speaker 1: out of their country, and how the United States has 584 00:31:23,640 --> 00:31:26,000 Speaker 1: been the big beneficiary of that and it's all gone 585 00:31:26,040 --> 00:31:28,880 Speaker 1: to Texas. The majority of it has gone to Texas. 586 00:31:29,160 --> 00:31:31,440 Speaker 1: UM as of now, the United States accounts for the 587 00:31:31,560 --> 00:31:36,160 Speaker 1: largest share of mining, about thirty five percent of the 588 00:31:36,200 --> 00:31:38,480 Speaker 1: global hash rate, or that means they have the power 589 00:31:38,480 --> 00:31:42,480 Speaker 1: of the about the network is in the United States, um, 590 00:31:42,640 --> 00:31:46,280 Speaker 1: followed by second, which is Kazakhstan and Russia. At least 591 00:31:46,280 --> 00:31:49,800 Speaker 1: that's what the data shows, um. And so part of 592 00:31:49,920 --> 00:31:53,000 Speaker 1: the reason why it's gone to Texas and Kazakhstan and 593 00:31:53,080 --> 00:31:59,040 Speaker 1: Russia is because of the low energy costs. Right. So, UM, 594 00:31:59,080 --> 00:32:01,320 Speaker 1: I was talking about this four. You hear lots of 595 00:32:01,360 --> 00:32:05,000 Speaker 1: what we call FUD. That's that's fear, uncertainty, and doubt. 596 00:32:05,120 --> 00:32:07,200 Speaker 1: So whenever you hear like a bad article that's bashing it, 597 00:32:07,240 --> 00:32:11,040 Speaker 1: we call fud, UM. And we've we've been putting that 598 00:32:11,080 --> 00:32:13,640 Speaker 1: out and uh, we've been seeing a lot of fud 599 00:32:13,720 --> 00:32:16,920 Speaker 1: that that that that bitcoin is gonna boil the oceans, 600 00:32:17,320 --> 00:32:22,840 Speaker 1: that bitcoin's a consuming more energy than small countries, that uh, 601 00:32:23,200 --> 00:32:26,480 Speaker 1: we don't have this much energy to waste, and all 602 00:32:26,520 --> 00:32:30,920 Speaker 1: these other things, all this nonsense, right, UM. But I'm 603 00:32:30,960 --> 00:32:34,600 Speaker 1: here to tell you that that's actually not the case. UM. 604 00:32:34,680 --> 00:32:36,720 Speaker 1: As a matter of fact, that's not how bitcoin works 605 00:32:36,760 --> 00:32:38,280 Speaker 1: at all. So let me let me explain how this 606 00:32:38,360 --> 00:32:41,680 Speaker 1: works so you can be prepared to not get shaken out. 607 00:32:41,760 --> 00:32:44,680 Speaker 1: So the way it works is that if I want 608 00:32:44,680 --> 00:32:47,080 Speaker 1: to mind bitcoin, I have to buy an expensive computer. 609 00:32:47,520 --> 00:32:50,120 Speaker 1: Once I buy the expensive computer, my only cost is 610 00:32:50,120 --> 00:32:54,560 Speaker 1: the electricity. Now, um, in California in the summer, electricity 611 00:32:54,600 --> 00:32:58,600 Speaker 1: can be as high as forty cents per kilowatt hour. Well, 612 00:32:59,520 --> 00:33:02,160 Speaker 1: you won't any money minam bitcoin at forty cents a what? 613 00:33:02,400 --> 00:33:04,680 Speaker 1: As a matter of fact, in order to be profitable, 614 00:33:05,240 --> 00:33:08,120 Speaker 1: you have to be under five cents a killer watt. 615 00:33:08,480 --> 00:33:11,160 Speaker 1: And really, if you want to be competitive, you need 616 00:33:11,200 --> 00:33:14,080 Speaker 1: to be under three cents a kill a wat. Well, 617 00:33:14,120 --> 00:33:18,440 Speaker 1: where do you find three cent kill at our electricity? 618 00:33:18,520 --> 00:33:20,800 Speaker 1: I mean, what the heck? How how was it forty 619 00:33:20,880 --> 00:33:24,600 Speaker 1: cents in California and three? Like? Where where would you 620 00:33:24,600 --> 00:33:26,800 Speaker 1: find it for three? It makes no sense? Right? Well, 621 00:33:27,400 --> 00:33:30,520 Speaker 1: remember if you've been with me the whole episode Supply 622 00:33:30,880 --> 00:33:35,320 Speaker 1: and Demand, the only places that have three cents a 623 00:33:35,440 --> 00:33:40,400 Speaker 1: killer watt electricity are places that have more electricity than 624 00:33:40,440 --> 00:33:44,520 Speaker 1: they have buyers for, meaning that there's all this electricity 625 00:33:44,600 --> 00:33:47,240 Speaker 1: going to waste, and if somebody just wants to take 626 00:33:47,240 --> 00:33:48,880 Speaker 1: it for two or three cents, to just come and 627 00:33:48,880 --> 00:33:53,120 Speaker 1: take it, that is the only electricity that bitcoin is using. 628 00:33:53,160 --> 00:33:55,960 Speaker 1: They are not competing in California at forty cents a 629 00:33:55,960 --> 00:33:59,200 Speaker 1: watt or uh you know, Ohio at eight cents a wat, 630 00:33:59,600 --> 00:34:02,240 Speaker 1: or why Shington at seven cents. They're not taking any 631 00:34:02,280 --> 00:34:05,360 Speaker 1: of that power because they can't it's too expensive. They're 632 00:34:05,480 --> 00:34:09,920 Speaker 1: only going to places where there is excess energy or 633 00:34:10,080 --> 00:34:14,160 Speaker 1: usually wasted energy um that is not being used. And 634 00:34:14,200 --> 00:34:17,440 Speaker 1: that's the case in Texas. So in Texas there's oil 635 00:34:17,480 --> 00:34:19,640 Speaker 1: coming out of the ground. Part of that when they 636 00:34:19,640 --> 00:34:22,560 Speaker 1: get the oil out of the well, there's also natural 637 00:34:22,600 --> 00:34:26,320 Speaker 1: gas coming out of the ground. Now all throughout North America, Canada, 638 00:34:26,400 --> 00:34:29,680 Speaker 1: North America, Texas, etcetera, a lot of that natural gas 639 00:34:29,880 --> 00:34:33,520 Speaker 1: isn't captured. Natural gas is too cheap, they don't even 640 00:34:33,560 --> 00:34:35,839 Speaker 1: bother and so they either do one of two things. 641 00:34:35,840 --> 00:34:38,440 Speaker 1: Either vent it off, meaning they just let the natural 642 00:34:38,480 --> 00:34:41,960 Speaker 1: gas just escape into the atmosphere, or two they flare 643 00:34:42,000 --> 00:34:45,000 Speaker 1: it off, meaning they're burning it at the wellhead. So 644 00:34:45,000 --> 00:34:47,840 Speaker 1: they're not even capturing it. They're either literally letting it 645 00:34:47,880 --> 00:34:49,920 Speaker 1: just go into the atmosphere or at least burning it, 646 00:34:49,960 --> 00:34:52,440 Speaker 1: which is a little bit better. So what they figured 647 00:34:52,440 --> 00:34:53,680 Speaker 1: out is what we can do is we can take 648 00:34:53,719 --> 00:34:56,480 Speaker 1: that natural gas that's not being used and we can 649 00:34:56,520 --> 00:34:58,279 Speaker 1: turn that into it. We can we can pipe that 650 00:34:58,320 --> 00:35:01,080 Speaker 1: into a gas diesel generator, and we can make electricity, 651 00:35:01,120 --> 00:35:05,000 Speaker 1: and we can mind bitcoin with that. So it's wasted energy. 652 00:35:05,080 --> 00:35:07,839 Speaker 1: As a matter of fact, it's it's energy. It's potentially 653 00:35:07,960 --> 00:35:09,360 Speaker 1: I'm not going to get into the science of it, 654 00:35:09,400 --> 00:35:12,400 Speaker 1: but potentially it could be bad for the atmosphere to 655 00:35:12,480 --> 00:35:14,959 Speaker 1: leak all this natural gas. So instead of just letting 656 00:35:15,000 --> 00:35:17,480 Speaker 1: it leak into the atmosphere and being bad, they're actually 657 00:35:17,520 --> 00:35:20,160 Speaker 1: capturing it and using it for something productive. It's not 658 00:35:20,200 --> 00:35:23,000 Speaker 1: a waste at all. It's not a waste at all. 659 00:35:23,040 --> 00:35:25,120 Speaker 1: It's a waste to let that be leak to the atmosphere. 660 00:35:25,320 --> 00:35:27,520 Speaker 1: And the same as all over the world. That's why Kazakhstan. 661 00:35:27,560 --> 00:35:30,360 Speaker 1: Of course, if you know anything about nuclear energy, or 662 00:35:30,400 --> 00:35:33,759 Speaker 1: oil or natural gas, it's all in Russia and Kazakhstan, 663 00:35:34,040 --> 00:35:38,720 Speaker 1: which is why again they have so much excess energy 664 00:35:38,840 --> 00:35:43,480 Speaker 1: that's super super cheap. As a matter of fact, Um, 665 00:35:43,600 --> 00:35:45,600 Speaker 1: I don't know the exact numbers. I didn't prepare for this, 666 00:35:45,680 --> 00:35:49,600 Speaker 1: but of all the all the energy in the world, 667 00:35:49,600 --> 00:35:52,840 Speaker 1: it's like, I don't even want to butcher the numbers, 668 00:35:52,840 --> 00:35:55,480 Speaker 1: but of all the wasted energy in the world, just 669 00:35:55,520 --> 00:35:58,160 Speaker 1: the amount that gets wasted. That means the energy that's produced, 670 00:35:58,160 --> 00:36:00,520 Speaker 1: but there's no buyers or users for it. Of the 671 00:36:00,560 --> 00:36:04,120 Speaker 1: amount that's wasted. Bitcoin only uses like two per cent 672 00:36:04,440 --> 00:36:08,360 Speaker 1: of the wasted energy, not of the total energy. And 673 00:36:08,400 --> 00:36:10,480 Speaker 1: so that's why now I'm going back to Al Savadoor 674 00:36:10,520 --> 00:36:14,239 Speaker 1: for a minute. El Salvador has a volcano. Okay, well, 675 00:36:14,280 --> 00:36:17,000 Speaker 1: what good is that. Well, a volcano with the heat, 676 00:36:17,120 --> 00:36:20,520 Speaker 1: they can actually use that to turn into electricity. Okay, 677 00:36:20,560 --> 00:36:23,160 Speaker 1: that's cool, But the problem is that you can't transport electricity, 678 00:36:23,239 --> 00:36:25,360 Speaker 1: so even if I could get electricity from the volcano, 679 00:36:25,400 --> 00:36:28,279 Speaker 1: doesn't help anybody in in El Salvador. So so what 680 00:36:28,400 --> 00:36:30,560 Speaker 1: big deal? Well, it is a big deal because now 681 00:36:30,640 --> 00:36:33,840 Speaker 1: we can mind bitcoin at the volcano. So volcano is 682 00:36:33,880 --> 00:36:37,200 Speaker 1: worthless to Al Savador, and now they can turn it 683 00:36:37,280 --> 00:36:40,640 Speaker 1: into money and they can use that money to finance 684 00:36:40,680 --> 00:36:44,399 Speaker 1: other projects in their country like schools and parks and 685 00:36:44,440 --> 00:36:48,040 Speaker 1: things like that, and so um Bitquin isn't using or 686 00:36:48,080 --> 00:36:51,320 Speaker 1: wasting electricity, as a matter of fact, it's using wasted electricity. 687 00:36:51,360 --> 00:36:54,320 Speaker 1: Electricity that would be going to waste. And now Texas 688 00:36:54,400 --> 00:36:57,920 Speaker 1: is the big beneficiary and the United States and so UM. 689 00:36:57,960 --> 00:36:59,719 Speaker 1: If you look at the United States over the last 690 00:36:59,719 --> 00:37:02,319 Speaker 1: twenty years, what's led to all the growth has been 691 00:37:02,360 --> 00:37:05,600 Speaker 1: the rise of the fan stocks, Facebook, Apple, Netflix, Google, um, 692 00:37:05,640 --> 00:37:08,759 Speaker 1: the technology the Internet. And now the United States is 693 00:37:08,800 --> 00:37:11,680 Speaker 1: sitting firmly in a spot to take advantage of the 694 00:37:11,719 --> 00:37:16,719 Speaker 1: biggest technological revolution that we'll ever see, which is bitcoin. UM. 695 00:37:16,760 --> 00:37:18,680 Speaker 1: Like I said, Texas has been the big beneficiary of 696 00:37:18,719 --> 00:37:21,080 Speaker 1: the United States. Is coming up. We have in transmitt 697 00:37:21,360 --> 00:37:24,560 Speaker 1: all through the governments as well as the financial industry. UM. 698 00:37:24,719 --> 00:37:28,440 Speaker 1: And that's not all. There's even bigger things coming. And 699 00:37:28,520 --> 00:37:30,360 Speaker 1: I am going to break that down for you in 700 00:37:30,400 --> 00:37:33,560 Speaker 1: just a second. You will not believe what comes next. 701 00:37:33,600 --> 00:37:35,279 Speaker 1: By the way, you're listening to the Mark Moas Show, 702 00:37:35,680 --> 00:37:37,720 Speaker 1: and I will be right back