1 00:00:00,040 --> 00:00:02,440 Speaker 1: Hello, and welcome to another episode of The Mark mos Show, 2 00:00:02,480 --> 00:00:05,600 Speaker 1: where we talk about the decentralized revolution each and every week. 3 00:00:06,320 --> 00:00:08,200 Speaker 1: Has the world is changing, we look at it through 4 00:00:08,200 --> 00:00:12,200 Speaker 1: the lens of politics, finance, and technology, and of course 5 00:00:12,200 --> 00:00:16,120 Speaker 1: that technology is bitcoin. It is the decentralized technology that's 6 00:00:16,200 --> 00:00:19,119 Speaker 1: changing the world as we see. And you know, I 7 00:00:19,160 --> 00:00:21,439 Speaker 1: try to bring to you some education to kind of 8 00:00:21,520 --> 00:00:22,960 Speaker 1: change the way you see things. I want to bring 9 00:00:23,000 --> 00:00:26,840 Speaker 1: to you the latest breaking news and some interesting guests 10 00:00:26,880 --> 00:00:29,320 Speaker 1: so you can hear some different viewpoints. And I want 11 00:00:29,320 --> 00:00:31,159 Speaker 1: to run through some of the biggest news that I 12 00:00:31,200 --> 00:00:34,560 Speaker 1: saw this week that really just highlights exactly what's going 13 00:00:34,640 --> 00:00:39,120 Speaker 1: on out there. And it's uh, you know, it shouldn't 14 00:00:39,120 --> 00:00:41,720 Speaker 1: be as a big surprise to anybody, especially if somebody 15 00:00:41,720 --> 00:00:43,680 Speaker 1: who's listening to this show on a regular basis, and 16 00:00:44,080 --> 00:00:45,880 Speaker 1: if you're not, I would encourage you to tune in 17 00:00:45,880 --> 00:00:47,960 Speaker 1: on a regular basis. You can check me out on YouTube. 18 00:00:48,320 --> 00:00:51,520 Speaker 1: You can just search Market Disruptors to find these episodes 19 00:00:51,880 --> 00:00:53,800 Speaker 1: live on YouTube. You can watch me listen to me 20 00:00:53,840 --> 00:00:56,400 Speaker 1: there or on your favorite podcast player. Just search the 21 00:00:56,440 --> 00:01:01,200 Speaker 1: Mark Moss Show. Um, but it shouldn't be a surprise 22 00:01:01,280 --> 00:01:07,320 Speaker 1: that we are going through a rough economic cycle right now. Um, Facebook, 23 00:01:07,400 --> 00:01:10,640 Speaker 1: Meta just produced their earnings this week. Their their stock 24 00:01:10,760 --> 00:01:14,840 Speaker 1: is down seventy from its peak. Cryptocurrencies are down anywhere 25 00:01:14,880 --> 00:01:19,520 Speaker 1: from seventy off their peak. Most of the NASDAC, the 26 00:01:19,560 --> 00:01:23,959 Speaker 1: text stocks are down. You know. UM, we're definitely in 27 00:01:23,959 --> 00:01:27,360 Speaker 1: a bear market. We've had two quarters of negative GDP growth. 28 00:01:28,720 --> 00:01:31,119 Speaker 1: The Biden administration doesn't want to call that a recession. 29 00:01:31,520 --> 00:01:34,440 Speaker 1: Technically it is, but whatever. But the point that I 30 00:01:34,440 --> 00:01:37,280 Speaker 1: want to make is that, UM, in the bear markets, 31 00:01:37,600 --> 00:01:39,480 Speaker 1: which is what we are in right now, in the 32 00:01:39,520 --> 00:01:43,160 Speaker 1: bear markets, is when it's time to build. That's when 33 00:01:43,280 --> 00:01:45,880 Speaker 1: the real builders, That's when the real wealth is made. 34 00:01:46,680 --> 00:01:49,160 Speaker 1: At the bottom of the market, that's where the opportunities are. 35 00:01:49,160 --> 00:01:51,640 Speaker 1: And we can see that, Um, that's exactly what's happening. 36 00:01:51,680 --> 00:01:53,160 Speaker 1: As a matter of fact, there's this article that came 37 00:01:53,200 --> 00:01:56,760 Speaker 1: out this week from Fidelity. Fidelity is one of the 38 00:01:56,840 --> 00:01:59,960 Speaker 1: largest asset managers in the United States, and it says 39 00:02:00,120 --> 00:02:02,680 Speaker 1: that per there's a survey that they did that the 40 00:02:02,720 --> 00:02:08,120 Speaker 1: bear market didn't slow down institutional interest in bitcoin and crypto. 41 00:02:09,160 --> 00:02:11,520 Speaker 1: This is the fourth annual study they've done and has 42 00:02:11,560 --> 00:02:17,520 Speaker 1: showed that seventy four percent of institutional investors UM still 43 00:02:18,160 --> 00:02:22,400 Speaker 1: want to get into bitcoin and crypto in the future. Now, 44 00:02:22,440 --> 00:02:23,840 Speaker 1: Like I said, this is one of the largest asset 45 00:02:23,840 --> 00:02:26,800 Speaker 1: managers in the United States maybe and the world for 46 00:02:26,840 --> 00:02:31,280 Speaker 1: that matter. And uh, they have a division called the 47 00:02:31,280 --> 00:02:35,679 Speaker 1: Fidelity Digital Assets Group, and they studied them. They said 48 00:02:35,720 --> 00:02:39,520 Speaker 1: that more than half of those surveyed of the people 49 00:02:39,520 --> 00:02:42,840 Speaker 1: they surveyed had already invested into digital assets during the 50 00:02:42,880 --> 00:02:48,480 Speaker 1: first half of two and seventy four planned to invest 51 00:02:48,639 --> 00:02:53,760 Speaker 1: in the future. UM. Now that's a pretty big deal. Now, 52 00:02:53,800 --> 00:02:58,800 Speaker 1: that's included over one thousand institutional investors spread across the US, Europe, 53 00:02:59,000 --> 00:03:03,040 Speaker 1: and Asia. The responds included family offices, digital and traditional 54 00:03:03,080 --> 00:03:07,399 Speaker 1: hedge funds, pensions, financial advisors, endowments, foundations, and high net 55 00:03:07,400 --> 00:03:10,120 Speaker 1: worth individuals. So this isn't just like random run of 56 00:03:10,160 --> 00:03:12,040 Speaker 1: the mill people off the street that have a Hunter Bucks. 57 00:03:12,480 --> 00:03:15,320 Speaker 1: These are what we might typically call the smart money. 58 00:03:16,040 --> 00:03:19,799 Speaker 1: UM I am, and I hate to break it to you, 59 00:03:20,040 --> 00:03:23,200 Speaker 1: are we're considered the dumb money, but this we consider 60 00:03:23,280 --> 00:03:25,119 Speaker 1: the smart money. So the smart money in the US, 61 00:03:25,160 --> 00:03:27,320 Speaker 1: Europe and Asia are saying they are going to continue 62 00:03:27,320 --> 00:03:30,080 Speaker 1: to invest in they want to continue. Sevent of them 63 00:03:30,080 --> 00:03:33,760 Speaker 1: planned to invest into these markets in the future, and 64 00:03:33,800 --> 00:03:36,600 Speaker 1: so that's that's a big deal. It's a big deal 65 00:03:37,080 --> 00:03:39,120 Speaker 1: a lot of times. A lot of people lately think 66 00:03:39,160 --> 00:03:42,360 Speaker 1: that this entire sector bitcoin and crypto is dead, but 67 00:03:42,400 --> 00:03:45,560 Speaker 1: it's not, not by a long shot. And we can 68 00:03:45,560 --> 00:03:47,840 Speaker 1: see that these companies are not only being invested into, 69 00:03:47,840 --> 00:03:52,080 Speaker 1: but they're also building. There's a company this week, col Nder. 70 00:03:52,320 --> 00:03:54,240 Speaker 1: They announced that they raised two almost two and a 71 00:03:54,200 --> 00:03:58,360 Speaker 1: half million dollars to build a Lightning Native I said 72 00:03:58,360 --> 00:04:01,720 Speaker 1: that with air quotes lightening Native financial products. Now what 73 00:04:01,760 --> 00:04:07,400 Speaker 1: does that mean? Lightning Native. So one of the oldest 74 00:04:08,320 --> 00:04:13,640 Speaker 1: and still maybe most pervasive arguments against the bitcoin is 75 00:04:13,680 --> 00:04:17,440 Speaker 1: it's too slow and too expensive. Bitcoin can't scale, it's 76 00:04:17,480 --> 00:04:23,320 Speaker 1: too slow, it's too expensive. Now, I've heard that more 77 00:04:23,360 --> 00:04:26,240 Speaker 1: than any other argument in the history of bitcoin UM 78 00:04:26,279 --> 00:04:30,720 Speaker 1: and I don't understand how it's still being used today. UM. 79 00:04:30,760 --> 00:04:35,479 Speaker 1: I tell people that that argument is the argument like 80 00:04:35,680 --> 00:04:39,400 Speaker 1: things have changed, new developments have happened. I talked about 81 00:04:39,400 --> 00:04:42,400 Speaker 1: it all the time, and that's what lightning is. And 82 00:04:42,440 --> 00:04:47,760 Speaker 1: they're raising money to build more on lightning Native um products. 83 00:04:48,560 --> 00:04:50,520 Speaker 1: So what do I mean by that? Well, um, they 84 00:04:50,640 --> 00:04:54,120 Speaker 1: raised close two point three million seed funding round and 85 00:04:54,120 --> 00:04:56,080 Speaker 1: they're going to use the funds to expand its exchange 86 00:04:56,120 --> 00:04:59,440 Speaker 1: business and add more Lightning Native financial tours to its 87 00:04:59,440 --> 00:05:06,120 Speaker 1: existing product. What is Lightning Native? So technology scales in layers, 88 00:05:06,400 --> 00:05:08,760 Speaker 1: so it works just like our financial system was built 89 00:05:08,800 --> 00:05:12,719 Speaker 1: on layers. Gold was the final was the base settlement layer, 90 00:05:13,000 --> 00:05:15,479 Speaker 1: and in order to speed up gold transactions, because to 91 00:05:15,520 --> 00:05:17,240 Speaker 1: go get my gold out of the ground and then 92 00:05:17,400 --> 00:05:19,960 Speaker 1: send it to somebody across the country took a lot 93 00:05:20,000 --> 00:05:21,560 Speaker 1: of time. So if I put the gold in a 94 00:05:21,600 --> 00:05:25,440 Speaker 1: bank and they gave me a paper gold certificate, that's 95 00:05:25,160 --> 00:05:28,880 Speaker 1: a an IOU A debt claim. That's layer two. Now 96 00:05:29,000 --> 00:05:31,840 Speaker 1: it's much easier, faster, and cheaper to spend the paper 97 00:05:32,279 --> 00:05:35,039 Speaker 1: than it is to move the base metal. Um technology 98 00:05:35,080 --> 00:05:36,640 Speaker 1: scales the same way. So we have a t c 99 00:05:36,800 --> 00:05:39,640 Speaker 1: P I P as a protocol that transfers information, and 100 00:05:39,680 --> 00:05:41,520 Speaker 1: then we built layers on top of it. So if 101 00:05:41,520 --> 00:05:43,680 Speaker 1: we want email, then we create an S t M 102 00:05:43,960 --> 00:05:46,760 Speaker 1: S t MP protocol S t MP protocol on top 103 00:05:46,760 --> 00:05:48,880 Speaker 1: of that. If we want security for websites, we created 104 00:05:49,040 --> 00:05:51,719 Speaker 1: HTTPS and we scale layers on top of it. And 105 00:05:51,760 --> 00:05:53,640 Speaker 1: bitcoin is the same way. So bitcoin is a base 106 00:05:53,680 --> 00:05:57,599 Speaker 1: settlement protocols base settlement layer and on top of it 107 00:05:57,640 --> 00:05:59,880 Speaker 1: we have layer two's and now we have layer three 108 00:06:00,040 --> 00:06:02,440 Speaker 1: being built on top of that. And so lightning is 109 00:06:02,480 --> 00:06:05,760 Speaker 1: a way that we can send bitcoin faster and more 110 00:06:05,880 --> 00:06:10,160 Speaker 1: cheaper than any other cryptocurrency is out there. So that's 111 00:06:10,160 --> 00:06:15,280 Speaker 1: what they're talking about with lightning. Lightning Native. Colander refers 112 00:06:15,320 --> 00:06:18,240 Speaker 1: to its core product as quote the world's first lightning 113 00:06:18,320 --> 00:06:22,719 Speaker 1: native Derivatives exchange and quote they're also working on bitcoin 114 00:06:22,760 --> 00:06:28,080 Speaker 1: back synthetic stable coins, and a lightning enabled bitcoin wallet. So, um, 115 00:06:28,120 --> 00:06:31,040 Speaker 1: what they do is they they level the network allows 116 00:06:31,120 --> 00:06:34,000 Speaker 1: users to instantly open close positions directly to and from 117 00:06:34,040 --> 00:06:36,320 Speaker 1: their lightning walls. So typically what happened is, if I 118 00:06:36,320 --> 00:06:37,800 Speaker 1: wanted to open up an exchange account, I have to 119 00:06:37,800 --> 00:06:40,200 Speaker 1: send bitcoin. Now, when I send the bitcoin, it could 120 00:06:40,240 --> 00:06:43,640 Speaker 1: take an hour for that bitcoin to get there, which 121 00:06:44,480 --> 00:06:46,000 Speaker 1: it could take me an hour to drive to my 122 00:06:46,080 --> 00:06:48,760 Speaker 1: bank and send a wire transfer, much less of the 123 00:06:48,800 --> 00:06:51,040 Speaker 1: time it takes to get the money there. But um, 124 00:06:51,120 --> 00:06:53,919 Speaker 1: so an hour still pretty fast. But with Lightning it 125 00:06:54,000 --> 00:06:57,640 Speaker 1: can be done instantaneously, as a matter of fact, pretty 126 00:06:57,720 --> 00:07:01,040 Speaker 1: much instantaneously and free. Um, and that's what they're talking 127 00:07:01,080 --> 00:07:02,839 Speaker 1: about so they're going to be allow people to fund 128 00:07:02,839 --> 00:07:05,919 Speaker 1: their walts with using lightning. Lightning is the second layer 129 00:07:05,920 --> 00:07:08,880 Speaker 1: that allows to send bitcoin faster and cheaper than any 130 00:07:08,880 --> 00:07:12,440 Speaker 1: other cryptocurrency that's out there. Also, they're creating this synthetic 131 00:07:12,520 --> 00:07:18,280 Speaker 1: stable coin UM, which basically is a traditional stable coin 132 00:07:18,400 --> 00:07:21,240 Speaker 1: is UM. I would give you one US dollar and 133 00:07:21,240 --> 00:07:23,760 Speaker 1: you would give me back a token that's a claim 134 00:07:23,960 --> 00:07:26,120 Speaker 1: on that dollar, So I can use this token as 135 00:07:26,160 --> 00:07:29,160 Speaker 1: a dollar. It's stable to the price of the dollar, 136 00:07:29,240 --> 00:07:30,600 Speaker 1: but anytime I want to give you the token back 137 00:07:30,600 --> 00:07:33,400 Speaker 1: and give my dollar back. These are synthetic stable coins. 138 00:07:33,520 --> 00:07:36,120 Speaker 1: Is a little bit different, and basically they mimic a 139 00:07:36,160 --> 00:07:40,240 Speaker 1: stable coin, but they don't actually create a stable coin token, 140 00:07:41,280 --> 00:07:43,600 Speaker 1: and so it's synthetic. So what it does is it 141 00:07:43,640 --> 00:07:48,560 Speaker 1: aims to achieve stability by simultaneously maintaining a long a 142 00:07:48,720 --> 00:07:52,120 Speaker 1: by and a short cell position on bitcoin at the 143 00:07:52,120 --> 00:07:54,600 Speaker 1: same time. So if I buy bitcoin, I hold bitcoin, 144 00:07:54,600 --> 00:07:57,200 Speaker 1: I'm long, and what I would do is I would 145 00:07:57,200 --> 00:08:00,480 Speaker 1: go short one bitcoin at the exact same time. So 146 00:08:00,520 --> 00:08:03,000 Speaker 1: that way, if the price goes up or down, the 147 00:08:03,080 --> 00:08:06,320 Speaker 1: two the long and the short positions are evening themselves out. 148 00:08:07,560 --> 00:08:11,280 Speaker 1: UM and with the synthetics um Bitcoin. You can also 149 00:08:11,480 --> 00:08:14,360 Speaker 1: short it in several other FIA denominations, So I could 150 00:08:14,360 --> 00:08:18,080 Speaker 1: create a synthetic stable coin pegged against the Euro or 151 00:08:18,120 --> 00:08:20,760 Speaker 1: the end or whatever I want. So it's pretty cool. 152 00:08:21,960 --> 00:08:25,320 Speaker 1: Now they also are building out a Lightning wallet, which 153 00:08:25,360 --> 00:08:27,440 Speaker 1: is going to be like a Google Chrome extension. Now 154 00:08:27,480 --> 00:08:30,400 Speaker 1: this is pretty interesting because it will integrate with the 155 00:08:30,440 --> 00:08:33,440 Speaker 1: stable coins. The synthetic stable coins are they're they're creating, 156 00:08:33,679 --> 00:08:37,520 Speaker 1: but also other applications in the ecosystem. Now, the reason 157 00:08:37,559 --> 00:08:40,040 Speaker 1: why this important is because of what's being built now 158 00:08:40,120 --> 00:08:44,480 Speaker 1: in this creator economy. So the creator economy is basically 159 00:08:44,520 --> 00:08:47,760 Speaker 1: where me as a content creator putting out this podcast 160 00:08:47,800 --> 00:08:50,640 Speaker 1: to you right now. For example, instead of needing for 161 00:08:50,679 --> 00:08:53,760 Speaker 1: me to get sponsors who may or may not want 162 00:08:53,800 --> 00:08:56,520 Speaker 1: to tell me what I can and can't say, what 163 00:08:56,640 --> 00:08:58,280 Speaker 1: I could do is I could just provide value to 164 00:08:58,280 --> 00:09:02,280 Speaker 1: you as a listener, and you could give me value 165 00:09:02,280 --> 00:09:04,280 Speaker 1: back in the form of money. That I don't need 166 00:09:04,440 --> 00:09:07,960 Speaker 1: sponsors now, I'm working for my users. Um, I'm gonna 167 00:09:07,960 --> 00:09:10,080 Speaker 1: talk about that and and more in a minute. You're 168 00:09:10,080 --> 00:09:13,280 Speaker 1: listening to the Mark mo Show talking about the decentralized revolution. 169 00:09:13,320 --> 00:09:15,680 Speaker 1: Now the world is changing through politics, finance, and technology. 170 00:09:15,679 --> 00:09:18,000 Speaker 1: We're talking about the technology right now today and how 171 00:09:18,000 --> 00:09:20,360 Speaker 1: it's changing. I got a lot more to cover on 172 00:09:20,360 --> 00:09:23,000 Speaker 1: this specifically and some other big stuff that just happened. 173 00:09:23,280 --> 00:09:25,280 Speaker 1: Be back with all that and more in a minute. 174 00:09:25,880 --> 00:09:27,440 Speaker 1: You don't want to miss it, so don't go away. 175 00:09:27,480 --> 00:09:29,560 Speaker 1: I'll be right back, all right, Welcome back. You are 176 00:09:30,240 --> 00:09:31,960 Speaker 1: still listening to the Mark mo Ma Show. If you're 177 00:09:31,960 --> 00:09:33,240 Speaker 1: just tuning in and you listen to the Marketma Show, 178 00:09:33,280 --> 00:09:36,120 Speaker 1: we're talking about the decentralized revolution now. The world is changing, 179 00:09:36,840 --> 00:09:39,480 Speaker 1: of course you knew that, and we're looking at it 180 00:09:39,480 --> 00:09:41,640 Speaker 1: through the lens of politics, finance, technology right now today 181 00:09:41,640 --> 00:09:44,440 Speaker 1: we're looking at the technology piece and we're talking about, um, 182 00:09:44,600 --> 00:09:46,640 Speaker 1: how the bear market. What we're going through right now 183 00:09:47,080 --> 00:09:50,640 Speaker 1: is the time for building. Most people they want to 184 00:09:50,679 --> 00:09:53,040 Speaker 1: buy when the markets at all time highs. Oh, everybody's 185 00:09:53,080 --> 00:09:55,480 Speaker 1: making money. I want to buy bye bye, And then 186 00:09:55,520 --> 00:09:58,240 Speaker 1: when things crash they just want to set on the sidelines. 187 00:09:59,040 --> 00:10:01,600 Speaker 1: But the real money made in buying it and building 188 00:10:01,640 --> 00:10:05,520 Speaker 1: at the bottom and selling at the top. UM. Just Unfortunately, 189 00:10:05,600 --> 00:10:08,520 Speaker 1: human emotions don't work that way. And so what we're 190 00:10:08,520 --> 00:10:11,280 Speaker 1: talking about is how people are building right now giving 191 00:10:11,320 --> 00:10:14,200 Speaker 1: examples of how companies like this are building applications that 192 00:10:14,240 --> 00:10:17,600 Speaker 1: will really change their future and change our future as well. 193 00:10:19,440 --> 00:10:21,839 Speaker 1: Now I was talking about how they're building this lightning wall. 194 00:10:21,880 --> 00:10:23,880 Speaker 1: It's company called Callander raised about two and a half 195 00:10:23,920 --> 00:10:26,040 Speaker 1: million dollars to build this lightning wall that sits in 196 00:10:26,080 --> 00:10:28,199 Speaker 1: the Google Chrome extension. And the reason why I was 197 00:10:28,200 --> 00:10:31,440 Speaker 1: talking about this enablement of this creator economy. And so 198 00:10:31,559 --> 00:10:34,800 Speaker 1: right now, as a creator, I'm a creator on YouTube 199 00:10:34,840 --> 00:10:38,880 Speaker 1: for example, and um, YouTube gives me money for ad 200 00:10:38,920 --> 00:10:40,760 Speaker 1: sens right, they run ads on my YouTube videos, and 201 00:10:40,760 --> 00:10:43,440 Speaker 1: they give me money on my podcast. I can get sponsors, 202 00:10:43,480 --> 00:10:46,520 Speaker 1: they can give me money. But if YouTube doesn't like 203 00:10:46,600 --> 00:10:48,680 Speaker 1: what I say or my sponsors don't like what I say, 204 00:10:48,720 --> 00:10:51,880 Speaker 1: that could be a problem. But in a creator economy 205 00:10:51,920 --> 00:10:55,360 Speaker 1: would allow me to just work directly with my um 206 00:10:55,360 --> 00:10:58,120 Speaker 1: with my you know, people that listen to my content 207 00:10:58,440 --> 00:11:02,480 Speaker 1: and they could give me my directly. And that's one 208 00:11:02,480 --> 00:11:08,160 Speaker 1: thing that bitcoins fixing. So imagine, for example, UM, Joe Rogan. 209 00:11:08,240 --> 00:11:10,840 Speaker 1: Joe Rogan is getting about two hundred million views a 210 00:11:10,880 --> 00:11:16,120 Speaker 1: month now, UM imagine if each of those users were 211 00:11:16,160 --> 00:11:21,480 Speaker 1: to give him fifty cents per episode, that would be 212 00:11:21,520 --> 00:11:25,400 Speaker 1: a hundred million dollars per month. He could be making 213 00:11:26,160 --> 00:11:28,760 Speaker 1: just everyone gave him fifty cents. Now, I know that 214 00:11:28,880 --> 00:11:30,439 Speaker 1: lots of people will be willing to give him five 215 00:11:30,520 --> 00:11:33,920 Speaker 1: or ten dollars per episode. I know that because, oh, 216 00:11:34,160 --> 00:11:36,000 Speaker 1: I probably would. I don't listen to him all the time. 217 00:11:36,040 --> 00:11:37,680 Speaker 1: I don't listen to him very often, but on the 218 00:11:37,679 --> 00:11:39,360 Speaker 1: shows I do want to listen to, I'd probably chip 219 00:11:39,360 --> 00:11:41,280 Speaker 1: in five bucks. But we can also see if you 220 00:11:41,320 --> 00:11:45,000 Speaker 1: go onto YouTube. YouTube has when you do live streams 221 00:11:45,880 --> 00:11:48,120 Speaker 1: your power, you that can give you money if you watch, 222 00:11:48,200 --> 00:11:50,400 Speaker 1: like Tim Cast, he does an I r L Tim 223 00:11:50,480 --> 00:11:52,800 Speaker 1: Cast I r L every night he goes live, and 224 00:11:52,840 --> 00:11:56,400 Speaker 1: if you watch, you'll see people are going hundred, hundred, hundred, fift, 225 00:11:58,640 --> 00:12:01,520 Speaker 1: Like literally tip him hundred dollars at a time, hundred dollars, 226 00:12:01,520 --> 00:12:04,079 Speaker 1: fifty dollars, twenty dollars at a time. I've only done 227 00:12:04,080 --> 00:12:06,280 Speaker 1: it two or three times, and I've gotten hundred dollar tips. 228 00:12:06,400 --> 00:12:09,440 Speaker 1: And I'm not a tem Cast. So um, if you 229 00:12:09,440 --> 00:12:11,760 Speaker 1: can get a hundred dollar tips, um, if he can, 230 00:12:11,840 --> 00:12:15,280 Speaker 1: if I can, I mean certainly Joe Rogan could. And 231 00:12:15,320 --> 00:12:19,320 Speaker 1: I'm just saying fifty cents now, he doesn't have to 232 00:12:19,400 --> 00:12:22,280 Speaker 1: listen to Spotify and employees the Spotify telling him that 233 00:12:22,320 --> 00:12:24,000 Speaker 1: what he's making isn't good. He doesn't have to listen 234 00:12:24,000 --> 00:12:26,839 Speaker 1: to sponsor, hadn't listen to anybody. He can do the 235 00:12:26,920 --> 00:12:29,200 Speaker 1: best that he wants for his customers. If they find value, 236 00:12:29,360 --> 00:12:32,880 Speaker 1: they can return back. So if that sits in the browser, 237 00:12:33,280 --> 00:12:35,520 Speaker 1: then it's very easy for me as I'm browsing around 238 00:12:35,600 --> 00:12:38,040 Speaker 1: to just click a button and just drop money. The 239 00:12:38,080 --> 00:12:40,240 Speaker 1: other thing is like you probably noticed how the internet 240 00:12:40,280 --> 00:12:43,120 Speaker 1: everything was free on the internet, right and now almost 241 00:12:43,559 --> 00:12:46,440 Speaker 1: not almost, but lots of things are behind paywalls. So 242 00:12:46,520 --> 00:12:49,960 Speaker 1: now you click to read on an article New York Times, 243 00:12:49,960 --> 00:12:52,319 Speaker 1: and it's like, oh, you gotta pay, you gotta pay, 244 00:12:52,360 --> 00:12:53,839 Speaker 1: you have to membership, you gotta pay five bucks a 245 00:12:53,880 --> 00:12:55,360 Speaker 1: month or fifty bucks a month or whatever. It is 246 00:12:55,559 --> 00:12:57,079 Speaker 1: like all the stuff is starting to go behind paywalls, 247 00:12:57,080 --> 00:12:59,439 Speaker 1: and that's real paying that. And now it's like I 248 00:12:59,480 --> 00:13:01,360 Speaker 1: have to create account and I have to give you 249 00:13:01,400 --> 00:13:03,240 Speaker 1: my name and I have to give you my pass 250 00:13:03,280 --> 00:13:05,720 Speaker 1: where I have to create a password. I hate that. 251 00:13:06,000 --> 00:13:07,679 Speaker 1: I hate that have to create an email and a 252 00:13:07,800 --> 00:13:10,199 Speaker 1: user name and a password for every single side I 253 00:13:10,240 --> 00:13:13,200 Speaker 1: go to. I can't remember all this stuff. What a hassle. 254 00:13:14,080 --> 00:13:17,400 Speaker 1: But what if in my browser I had a lightning 255 00:13:17,880 --> 00:13:20,480 Speaker 1: extension and just, oh, do you want to read the article? 256 00:13:20,920 --> 00:13:24,440 Speaker 1: Just drop five cents. Now you might say, well, why 257 00:13:24,480 --> 00:13:26,720 Speaker 1: do we need bitcoin lightning to do that? And I 258 00:13:26,720 --> 00:13:30,360 Speaker 1: would say, how can you send thirty five cents over 259 00:13:30,360 --> 00:13:33,000 Speaker 1: the internet? And I'll wait for your answer, except I 260 00:13:33,040 --> 00:13:34,800 Speaker 1: can't hear you, so I know you, and I know 261 00:13:34,840 --> 00:13:36,400 Speaker 1: you don't have one. There is no way to send 262 00:13:36,400 --> 00:13:39,520 Speaker 1: thirty five cents over the internet. And as transaction costs 263 00:13:40,200 --> 00:13:43,160 Speaker 1: to fifty cents, so you can't send ten cents or 264 00:13:43,200 --> 00:13:46,400 Speaker 1: five cents over the internet. But with bitcoin you can, 265 00:13:46,920 --> 00:13:50,280 Speaker 1: with lightning you can. And so if I had that 266 00:13:50,360 --> 00:13:52,240 Speaker 1: lightning extension on my Goo Chrome and I came upon 267 00:13:52,400 --> 00:13:54,360 Speaker 1: a paywall and said, hey, give us five cents for 268 00:13:54,400 --> 00:13:57,040 Speaker 1: this article, I just click a button. It doesn't I 269 00:13:57,080 --> 00:13:59,760 Speaker 1: don't need to create account, I don't need a user name, 270 00:13:59,760 --> 00:14:01,920 Speaker 1: I don't need a pass around need tony that I 271 00:14:02,000 --> 00:14:04,760 Speaker 1: just dropped the five cents. Other things that we could do, 272 00:14:04,880 --> 00:14:08,040 Speaker 1: for example, we could fix the bots on social media, 273 00:14:08,040 --> 00:14:09,680 Speaker 1: which are a massive problem, which by the way, if 274 00:14:09,720 --> 00:14:12,800 Speaker 1: you're following me on Instagram, I apologize in advance for 275 00:14:12,880 --> 00:14:15,200 Speaker 1: all the scammers and bots that you get. Um, if 276 00:14:15,200 --> 00:14:17,400 Speaker 1: you're not following on Instagram, then I know I just 277 00:14:17,400 --> 00:14:19,800 Speaker 1: made it so appealing, but you should. You can find 278 00:14:19,840 --> 00:14:21,680 Speaker 1: me on on Twitter and Instagram. Just at one Mark 279 00:14:21,760 --> 00:14:25,280 Speaker 1: Moss that that's the number one. But the bots on 280 00:14:25,280 --> 00:14:27,200 Speaker 1: on Twitter and Instagram are so bad. If I post 281 00:14:27,240 --> 00:14:29,280 Speaker 1: on on on Twitter sometimes I'll get up like a 282 00:14:29,440 --> 00:14:34,840 Speaker 1: hundred bot replies like instantly Instagram, same thing. And the 283 00:14:34,880 --> 00:14:37,880 Speaker 1: reason why is there's no cost for them to do that. 284 00:14:38,360 --> 00:14:40,680 Speaker 1: They can instantly like on if you want on my YouTube, 285 00:14:40,680 --> 00:14:42,400 Speaker 1: which again, if you're not following me on YouTube, check 286 00:14:42,400 --> 00:14:45,880 Speaker 1: it out. Just search Mark Moss on YouTube. But literally, um, 287 00:14:45,920 --> 00:14:47,880 Speaker 1: I have you know, I'll get a thousand comments on 288 00:14:47,920 --> 00:14:50,360 Speaker 1: a video for example. And I think they have some 289 00:14:50,400 --> 00:14:51,840 Speaker 1: sort of like this boss has some sort of like 290 00:14:51,920 --> 00:14:53,960 Speaker 1: script where they just probably put a button and it 291 00:14:54,080 --> 00:14:56,880 Speaker 1: literally puts spam comments on every single comment that's there. 292 00:14:57,600 --> 00:14:59,840 Speaker 1: And that cost them no money to do that. But 293 00:15:00,080 --> 00:15:02,240 Speaker 1: for me, I have to pay a full time person, 294 00:15:02,520 --> 00:15:04,440 Speaker 1: like a real person. I have to pay them full 295 00:15:04,440 --> 00:15:06,000 Speaker 1: time just to sit there and go through and clean 296 00:15:06,080 --> 00:15:09,080 Speaker 1: all the spam out of my comments. So it costs 297 00:15:09,120 --> 00:15:12,240 Speaker 1: them nothing, but it costs me something. Now, what if um, 298 00:15:12,360 --> 00:15:15,720 Speaker 1: these social media platforms, he said, hey, UM, in order 299 00:15:15,760 --> 00:15:18,440 Speaker 1: to join, we don't, we don't what they're what what 300 00:15:18,600 --> 00:15:20,480 Speaker 1: the mainstream is gonna want to do is make it 301 00:15:20,520 --> 00:15:23,400 Speaker 1: where you can't use these platforms anonymously anymore. I don't 302 00:15:23,440 --> 00:15:25,760 Speaker 1: like that. But what they could easily do is say, hey, 303 00:15:25,960 --> 00:15:28,240 Speaker 1: you have to post up a bond. You have to 304 00:15:28,280 --> 00:15:32,360 Speaker 1: put up a one dollar bond or a fifty cent bond, 305 00:15:32,880 --> 00:15:36,600 Speaker 1: and if you, um, if you post spam, you lose 306 00:15:36,600 --> 00:15:39,560 Speaker 1: your bond. Well just by having to put up that 307 00:15:39,600 --> 00:15:42,480 Speaker 1: fifty cents. These spammers, these these scammers wouldn't be able 308 00:15:42,480 --> 00:15:43,720 Speaker 1: to do that because now they will create that a 309 00:15:43,720 --> 00:15:46,600 Speaker 1: million accounts, a million acounts fifty cents. It's too expensive. 310 00:15:47,080 --> 00:15:49,000 Speaker 1: So these are things that can happen very quickly. As 311 00:15:49,000 --> 00:15:53,120 Speaker 1: we start to see this happening more and more and more, UM, 312 00:15:53,240 --> 00:15:55,200 Speaker 1: then we've also seen, you know, more and more of 313 00:15:55,240 --> 00:15:57,840 Speaker 1: this lightning adoption happening. I just named one company, but 314 00:15:57,840 --> 00:16:00,720 Speaker 1: it's happening really fast. As a matter of fact, um Block, 315 00:16:00,880 --> 00:16:04,640 Speaker 1: which is the parent company of Square and cash app, 316 00:16:05,000 --> 00:16:07,640 Speaker 1: they integrated lightning into their cash app and has seventy 317 00:16:07,680 --> 00:16:11,320 Speaker 1: million users UM in l Salvador. They're using it an 318 00:16:11,320 --> 00:16:13,600 Speaker 1: achiev a wallet. There's three or four million users. They're 319 00:16:13,720 --> 00:16:18,840 Speaker 1: packs full companies about seven million users. Arcane Research put 320 00:16:18,840 --> 00:16:22,240 Speaker 1: out a report saying that UM they see in the 321 00:16:22,320 --> 00:16:24,400 Speaker 1: last two years Lightning users have gone from about a 322 00:16:24,480 --> 00:16:30,160 Speaker 1: hundred thousand years to over eighty million potential users. Eighty 323 00:16:30,160 --> 00:16:35,120 Speaker 1: million potential keyword potential. They have access to Lightning, doesn't 324 00:16:35,120 --> 00:16:38,440 Speaker 1: mean they're necessarily using it yet, but we've seen that 325 00:16:38,440 --> 00:16:42,840 Speaker 1: payment volume has increased by four hundred percent just between 326 00:16:42,840 --> 00:16:45,400 Speaker 1: the first quarter and the first quarter of twin two. 327 00:16:45,520 --> 00:16:51,000 Speaker 1: So in a year, four increase in a year. That's amazing. Now, UM, 328 00:16:51,040 --> 00:16:53,520 Speaker 1: like I said, what you can do it through podcasts. Now, 329 00:16:53,560 --> 00:16:56,640 Speaker 1: there are some podcast players. There's one called Fountaining UM sorry, 330 00:16:56,680 --> 00:16:59,800 Speaker 1: Fountain is one called Lightning Video that are allowing UM 331 00:17:00,040 --> 00:17:02,960 Speaker 1: to pay content creators for their work directly. There's games 332 00:17:03,000 --> 00:17:07,000 Speaker 1: now that have Bitcoin rewards that get paid out over Lightning. UM. 333 00:17:07,040 --> 00:17:09,879 Speaker 1: There's the Lightning enabled browser extensions that I'm talking about. 334 00:17:10,000 --> 00:17:12,879 Speaker 1: Another one is called ALBI and you can have the 335 00:17:12,920 --> 00:17:17,120 Speaker 1: bitcoin UM Lightning payments right in your browser payments. I'm sorry, 336 00:17:17,119 --> 00:17:19,760 Speaker 1: in your browser. This is all happening. It's all happening 337 00:17:19,800 --> 00:17:21,919 Speaker 1: really really quickly. So all those people say that bitcoin 338 00:17:21,960 --> 00:17:25,280 Speaker 1: is too slow and too expensive, they haven't checked out 339 00:17:25,800 --> 00:17:30,639 Speaker 1: any new since uh we have who is the number? 340 00:17:31,760 --> 00:17:35,440 Speaker 1: It was too big? Oh, eighty million potentially eighty million 341 00:17:35,480 --> 00:17:38,800 Speaker 1: potential users could be using this right now. There's no 342 00:17:38,880 --> 00:17:42,000 Speaker 1: other cryptocurrency that has eighty million users that have the 343 00:17:42,000 --> 00:17:44,320 Speaker 1: ability to use any of their stuff right now. It's 344 00:17:44,359 --> 00:17:46,439 Speaker 1: pretty big. Lean. Listen to the Mark Ball Show if 345 00:17:46,440 --> 00:17:48,720 Speaker 1: you're just tune in. We're talking about the decentralized revolution, 346 00:17:48,760 --> 00:17:50,920 Speaker 1: how the world is changing through the lens of politics, finance, 347 00:17:50,920 --> 00:17:54,320 Speaker 1: and technology. We're talking specifically about the technology that's being 348 00:17:54,320 --> 00:17:58,160 Speaker 1: built out right now in the bear market that's changing 349 00:17:58,200 --> 00:18:00,119 Speaker 1: the world. We be back with a lot more were 350 00:18:00,119 --> 00:18:02,400 Speaker 1: in a minute when I come back. You don't want 351 00:18:02,400 --> 00:18:04,720 Speaker 1: to miss it, so don't go away. I'll be right back. Hello. 352 00:18:04,800 --> 00:18:07,679 Speaker 1: You're listening to the Mark Mass Show. Welcome back if 353 00:18:07,720 --> 00:18:10,600 Speaker 1: you're just joining us. We're talking about the decentralized revolution eation. 354 00:18:10,600 --> 00:18:12,520 Speaker 1: Every week, of course, we talked about that and we 355 00:18:12,560 --> 00:18:14,800 Speaker 1: look at it through the lens of politics, finance, and technology, 356 00:18:14,800 --> 00:18:17,000 Speaker 1: and we're looking at some of this latest breaking news 357 00:18:17,040 --> 00:18:18,920 Speaker 1: so you can be up to date. We're talking about 358 00:18:19,280 --> 00:18:24,480 Speaker 1: before the break how UM. People that say that, well 359 00:18:24,560 --> 00:18:26,879 Speaker 1: two things. One, how we're in a bearer market and 360 00:18:26,920 --> 00:18:28,600 Speaker 1: most investors run away in the bearer market. But the 361 00:18:28,600 --> 00:18:30,600 Speaker 1: bearer markets are for building the bear markets. When you 362 00:18:30,640 --> 00:18:32,639 Speaker 1: invest the bear markets when you create, when you build, 363 00:18:33,400 --> 00:18:35,480 Speaker 1: that's how you have the best opportunity. We're also talking 364 00:18:35,520 --> 00:18:39,760 Speaker 1: about how UM the latest breaking news shows that these 365 00:18:39,800 --> 00:18:41,920 Speaker 1: people with these old arguments that bitcoin is too slow 366 00:18:41,960 --> 00:18:44,960 Speaker 1: and too expensive just haven't looked at anything literally since 367 00:18:46,520 --> 00:18:49,199 Speaker 1: we're talking about how with Bitcoin lightning and how all 368 00:18:49,240 --> 00:18:51,119 Speaker 1: these people are building on Bitcoin Lightning and how it's 369 00:18:51,200 --> 00:18:54,439 Speaker 1: enabling us to send bitcoin faster and cheaper, but also 370 00:18:54,600 --> 00:18:57,240 Speaker 1: in new ways. We're talking about this creator economy things 371 00:18:57,280 --> 00:19:00,119 Speaker 1: like that. But cash app this week came out out 372 00:19:00,119 --> 00:19:03,480 Speaker 1: with some new announcements says that now users Cash app 373 00:19:03,560 --> 00:19:06,440 Speaker 1: users which there's a lot of people, um can now 374 00:19:06,520 --> 00:19:08,960 Speaker 1: send him receive bitcoin using the Lightning network. So again, 375 00:19:09,240 --> 00:19:11,000 Speaker 1: now if you're using the cash app, you can send 376 00:19:11,040 --> 00:19:16,840 Speaker 1: him receive bitcoin for free, nearly nearly free and instantaneous UM, 377 00:19:16,880 --> 00:19:18,800 Speaker 1: which is a pretty big deal. It speeds up the 378 00:19:18,800 --> 00:19:22,280 Speaker 1: bitcoin transactions and reduces costs by writing transactions through channels 379 00:19:22,560 --> 00:19:26,080 Speaker 1: without needing to use the main bitcoin blockchain. So there 380 00:19:26,240 --> 00:19:29,120 Speaker 1: is a trade off. If I was going to sell 381 00:19:29,200 --> 00:19:32,720 Speaker 1: you a car for fifty tho dollars and you're gonna 382 00:19:32,760 --> 00:19:34,720 Speaker 1: pay me in bitcoin, I'd probably want you to send 383 00:19:34,760 --> 00:19:38,720 Speaker 1: that on the base settlement layer. Then if I have 384 00:19:38,800 --> 00:19:41,840 Speaker 1: to wait ten or fifteen minutes for that to go through, whatever, 385 00:19:41,960 --> 00:19:43,320 Speaker 1: no big deal. Able to do the paperwork, but I 386 00:19:43,320 --> 00:19:45,040 Speaker 1: want to make sure that that final confirmation is that. 387 00:19:45,080 --> 00:19:47,360 Speaker 1: I want to make sure that transaction is censorship resistant 388 00:19:47,359 --> 00:19:50,440 Speaker 1: and immutable. Now, if I'm buying a cup of coffee 389 00:19:50,480 --> 00:19:52,399 Speaker 1: for two or three bucks, or I'm a Starbucks for 390 00:19:52,440 --> 00:19:56,080 Speaker 1: five bucks, I don't really care if that transactions uh 391 00:19:56,280 --> 00:19:59,520 Speaker 1: censorship resistant, immutable for all attorney. So I'm happy to 392 00:19:59,680 --> 00:20:04,480 Speaker 1: trade it off. I'm getting more speed and lower costs 393 00:20:04,520 --> 00:20:06,760 Speaker 1: of the transaction for a cup of coffee, but I'm 394 00:20:06,800 --> 00:20:10,080 Speaker 1: giving up some of the censorship resistance and mutability. But 395 00:20:10,080 --> 00:20:11,560 Speaker 1: I don't really care about that because it's a couple 396 00:20:11,560 --> 00:20:15,400 Speaker 1: of bucks. If it's a big transaction, I do care 397 00:20:15,400 --> 00:20:18,160 Speaker 1: about it, then I'm gonna I'm gonna wait. And so 398 00:20:18,200 --> 00:20:20,080 Speaker 1: now it's up to us as the users to decide 399 00:20:20,119 --> 00:20:21,679 Speaker 1: how we want to do that. And cash app allows 400 00:20:21,680 --> 00:20:25,800 Speaker 1: you to send bitcoin now on both the base base layer, 401 00:20:26,440 --> 00:20:30,199 Speaker 1: so it's more secure, it takes longer, or we can 402 00:20:30,240 --> 00:20:33,439 Speaker 1: stand over the lightning layer, which is faster, cheaper, but 403 00:20:33,600 --> 00:20:36,119 Speaker 1: maybe we give up some of the security. And so 404 00:20:36,200 --> 00:20:37,880 Speaker 1: you get to try, you get to decide, it says 405 00:20:37,920 --> 00:20:40,040 Speaker 1: on from the cash a website. It says that with 406 00:20:40,200 --> 00:20:44,639 Speaker 1: lightning there is typically little to no fees involved, little 407 00:20:44,640 --> 00:20:48,440 Speaker 1: to no fees involved. However, it's for smaller amounts of 408 00:20:48,440 --> 00:20:52,400 Speaker 1: bitcoin they're eliminating, eliminating it to just under a thousand dollars, 409 00:20:52,880 --> 00:20:56,080 Speaker 1: just under a thousand dollars. But the cash app, uh, 410 00:20:56,200 --> 00:20:58,320 Speaker 1: it's well, it's only available to the US and the 411 00:20:58,440 --> 00:21:02,280 Speaker 1: UK right now, but they have over forty four million 412 00:21:03,040 --> 00:21:06,919 Speaker 1: monthly users right now. That's how big and how fast 413 00:21:07,560 --> 00:21:11,000 Speaker 1: this thing is taking off. Now. Another thing I want 414 00:21:11,000 --> 00:21:13,199 Speaker 1: to talk about, Um, some news that I saw this 415 00:21:13,240 --> 00:21:17,520 Speaker 1: week that came out is that you know a lot 416 00:21:17,560 --> 00:21:19,960 Speaker 1: of people say that bitcoin is too correlated to the 417 00:21:20,040 --> 00:21:24,640 Speaker 1: NASDAC right. Um, they say that it's it's too volatile. Um, 418 00:21:25,080 --> 00:21:27,919 Speaker 1: and uh, Wall Street is taking it over because they 419 00:21:27,960 --> 00:21:33,080 Speaker 1: took these big positions, and I would agree with that, 420 00:21:33,680 --> 00:21:36,040 Speaker 1: and I would yeah, I mean, I guess I would 421 00:21:36,080 --> 00:21:39,880 Speaker 1: agree with that, all right. So, um, Wall Street they 422 00:21:39,920 --> 00:21:42,919 Speaker 1: love to trade, they love to manipulate, right, So they 423 00:21:42,960 --> 00:21:45,080 Speaker 1: have big amounts of money, hundreds of billions of dollars, 424 00:21:45,680 --> 00:21:48,040 Speaker 1: and they can push the prices of assets up and down, 425 00:21:48,080 --> 00:21:50,240 Speaker 1: and they like to trade, and so um, they have 426 00:21:50,359 --> 00:21:52,960 Speaker 1: taken bitcoin on as like a new trading toy. It's 427 00:21:53,000 --> 00:21:56,960 Speaker 1: fun for them. And uh, it's super volatile, which they 428 00:21:57,000 --> 00:22:00,760 Speaker 1: like because they can make profits up and down, and 429 00:22:00,800 --> 00:22:02,879 Speaker 1: so they short it. It goes down the long and 430 00:22:02,960 --> 00:22:08,240 Speaker 1: it goes up. But what we want as longer term 431 00:22:08,320 --> 00:22:13,760 Speaker 1: investors is we're always trying to spot the mismatch between 432 00:22:13,840 --> 00:22:19,240 Speaker 1: perception and reality because therein lies our edge, therein lays 433 00:22:19,240 --> 00:22:24,280 Speaker 1: our opportunity. So while um, I don't want to say 434 00:22:24,320 --> 00:22:27,280 Speaker 1: the world, while people in the United States look at 435 00:22:27,320 --> 00:22:29,080 Speaker 1: bitcoin is too volatile, they look at us like a 436 00:22:29,200 --> 00:22:32,159 Speaker 1: risk asset, as a Wall Street trading toy. And it 437 00:22:32,280 --> 00:22:37,359 Speaker 1: sort of is that's the perception. The reality is that 438 00:22:37,440 --> 00:22:41,080 Speaker 1: it's not. The reality is that's not what bitcoin is 439 00:22:41,720 --> 00:22:45,240 Speaker 1: the reality for billions of people in the world living 440 00:22:45,320 --> 00:22:52,200 Speaker 1: under very harsh authoritarian dictatorships UM with double or triple 441 00:22:52,240 --> 00:22:56,199 Speaker 1: digit inflation, it's a life raft. So that's the difference 442 00:22:56,200 --> 00:22:58,840 Speaker 1: of perception of reality. The perception is it looks like 443 00:22:58,840 --> 00:23:01,359 Speaker 1: a Wall Street trading toy. The reality is that's not 444 00:23:01,400 --> 00:23:04,640 Speaker 1: really what it is, and at some point that mismatch 445 00:23:05,080 --> 00:23:06,680 Speaker 1: is going to swing back the other way. This week 446 00:23:06,720 --> 00:23:11,520 Speaker 1: I saw an article it says that UM bitcoin is 447 00:23:11,680 --> 00:23:17,680 Speaker 1: quote basically a savior in Turkey. So it says, in Turkey, 448 00:23:17,680 --> 00:23:23,240 Speaker 1: crypto represents freedom from inflation, national currency and the constraints 449 00:23:23,240 --> 00:23:28,240 Speaker 1: of corporate life. So in Turkey, if you're not aware UM, 450 00:23:28,359 --> 00:23:31,440 Speaker 1: they have massive inflation. As a matter of fact, their dollar, 451 00:23:31,600 --> 00:23:35,760 Speaker 1: the Turkish, the Turkish lira, the t r y Turkish 452 00:23:35,800 --> 00:23:39,440 Speaker 1: later has fallen over eighty percent to the US dollar 453 00:23:39,520 --> 00:23:43,000 Speaker 1: in the last five years, massive inflation. So it says 454 00:23:43,320 --> 00:23:46,240 Speaker 1: it represents freedom from inflation. So if your currency is 455 00:23:46,280 --> 00:23:48,560 Speaker 1: going to lose eighty percent of its purchasing power, what 456 00:23:48,600 --> 00:23:50,160 Speaker 1: do you need to do? You need to get out 457 00:23:50,160 --> 00:23:52,840 Speaker 1: of that currency before it loses all that value. If 458 00:23:52,840 --> 00:23:54,720 Speaker 1: you're in a plane or you're in a ship going down, 459 00:23:54,760 --> 00:23:56,280 Speaker 1: what are you gonna do. You're gonna get off of 460 00:23:56,320 --> 00:23:58,720 Speaker 1: that ship, You're gonna try and get a lifeboat. So 461 00:23:58,720 --> 00:24:00,840 Speaker 1: you've got a currency in Turkey that's losing that fast, 462 00:24:00,840 --> 00:24:02,760 Speaker 1: you have to get out of it. Well, how can 463 00:24:02,800 --> 00:24:05,119 Speaker 1: you do that? Well, that's where a bitcoin comes in 464 00:24:05,160 --> 00:24:09,520 Speaker 1: and gives him this life raft. Now, um, it says that. 465 00:24:11,040 --> 00:24:14,240 Speaker 1: So first of all, people say that bitcoins to volatile, 466 00:24:14,280 --> 00:24:17,199 Speaker 1: it's lost too much value priced in dollars, But what 467 00:24:17,240 --> 00:24:20,719 Speaker 1: if you're not priced in dollars, what if you're priced 468 00:24:20,720 --> 00:24:24,040 Speaker 1: in Turkish lear that's going down. So, for example, I 469 00:24:24,080 --> 00:24:28,560 Speaker 1: saw here, um, so I posted this on Twitter. Again, 470 00:24:28,720 --> 00:24:30,440 Speaker 1: if you're not following me on Twitter, you should check 471 00:24:30,480 --> 00:24:32,199 Speaker 1: me out there. I do a lot more play by 472 00:24:32,200 --> 00:24:33,600 Speaker 1: play on a daily basis. You can follow me on 473 00:24:33,640 --> 00:24:36,080 Speaker 1: Twitter or Instagram at one Mark Moss that's just the 474 00:24:36,160 --> 00:24:38,600 Speaker 1: number one Mark Moss. Um. But I posted this on 475 00:24:38,600 --> 00:24:41,160 Speaker 1: Twitter and I said, um, you know this perception versus 476 00:24:41,160 --> 00:24:45,240 Speaker 1: reality kind of thing. And someone commented back and said, um, 477 00:24:45,280 --> 00:24:48,560 Speaker 1: oh yeah, but you know it's it's too volatile and 478 00:24:48,720 --> 00:24:53,240 Speaker 1: gold are much better you know, life raft, Gold's life 479 00:24:53,280 --> 00:24:56,119 Speaker 1: better life draft um and I so I had to 480 00:24:56,119 --> 00:24:57,439 Speaker 1: do a little bit of research. So I got the 481 00:24:57,440 --> 00:25:01,400 Speaker 1: research for you here and um. In the last twenty 482 00:25:01,440 --> 00:25:06,520 Speaker 1: four months Bitcoin priced in Turkish lira, not priced in dollars, 483 00:25:06,560 --> 00:25:11,720 Speaker 1: but price in Turkish is up. Gold in the same 484 00:25:11,760 --> 00:25:15,440 Speaker 1: period is up eight So gold has been a great 485 00:25:15,440 --> 00:25:19,680 Speaker 1: life raft. Basically, instead of losing eight percent of your money, 486 00:25:20,200 --> 00:25:23,200 Speaker 1: you're even. You didn't lose. That's good, it's good you 487 00:25:23,240 --> 00:25:26,919 Speaker 1: didn't lose. You say it even congratulations. If you had 488 00:25:26,920 --> 00:25:30,720 Speaker 1: bought bitcoin, not only did you not lose your up 489 00:25:34,000 --> 00:25:37,320 Speaker 1: now you might say mark your cherry picking dates. Yes, 490 00:25:37,400 --> 00:25:39,719 Speaker 1: I am, I am. We can sit here and look 491 00:25:39,760 --> 00:25:41,280 Speaker 1: any dates you want. Do you want to look at 492 00:25:41,320 --> 00:25:43,520 Speaker 1: five years, ten years, you want, look at one day, 493 00:25:43,640 --> 00:25:46,960 Speaker 1: seven days. We can look at whatever time frame you want. Um. 494 00:25:47,000 --> 00:25:49,359 Speaker 1: And if we look at seven days or seven weeks, 495 00:25:49,440 --> 00:25:51,480 Speaker 1: or seven months or seven years, we're gona get different 496 00:25:51,480 --> 00:25:54,359 Speaker 1: answers for all of those. The reason why I chose 497 00:25:54,400 --> 00:25:57,840 Speaker 1: two years is two years is a pretty decent time frame, UM. 498 00:25:57,880 --> 00:26:01,040 Speaker 1: I think when it comes to bitcoin, um, it's very 499 00:26:01,160 --> 00:26:05,280 Speaker 1: volatile to be used on a daily basis, meaning the 500 00:26:05,320 --> 00:26:08,640 Speaker 1: price goes up and down. You know, now lately it's 501 00:26:08,640 --> 00:26:10,959 Speaker 1: been pretty dang stable, but the price does go up 502 00:26:10,960 --> 00:26:13,400 Speaker 1: and down. And so if I was holding my life 503 00:26:13,400 --> 00:26:15,679 Speaker 1: savings or all my money in bitcoin, and then I 504 00:26:15,680 --> 00:26:18,440 Speaker 1: needed to pay my rent next month. It could be down, right, 505 00:26:18,480 --> 00:26:20,760 Speaker 1: it could be down And so I think it works 506 00:26:20,800 --> 00:26:24,280 Speaker 1: well um as a store of value. Right now, I 507 00:26:24,280 --> 00:26:27,320 Speaker 1: think it's on its way too evolving too many of exchange. 508 00:26:27,480 --> 00:26:28,879 Speaker 1: It works at the store of value now, store of 509 00:26:28,960 --> 00:26:32,480 Speaker 1: value being like a long term store of value. Now, I, 510 00:26:33,240 --> 00:26:36,080 Speaker 1: as an investor, think long term. I think in years, 511 00:26:36,200 --> 00:26:39,199 Speaker 1: not days, weeks or months. I think it really started 512 00:26:39,240 --> 00:26:41,200 Speaker 1: because I started as a real estate investor. In most 513 00:26:41,200 --> 00:26:43,480 Speaker 1: of my real estate projects in beginning to take about 514 00:26:43,520 --> 00:26:45,359 Speaker 1: a year. Then as I started getting bigger projects, they 515 00:26:45,680 --> 00:26:47,560 Speaker 1: take like five years. So I started looking at things 516 00:26:47,600 --> 00:26:50,679 Speaker 1: on like a five year time frames. So if you 517 00:26:50,680 --> 00:26:54,200 Speaker 1: look at bitcoin over like a three year time frame, UM, 518 00:26:54,240 --> 00:26:55,640 Speaker 1: I don't think there's ever been a three year time 519 00:26:55,640 --> 00:26:57,520 Speaker 1: frame where bitcoin has been down. So I pulled a 520 00:26:57,520 --> 00:26:59,480 Speaker 1: two year time frame. You can pull whatever time frame 521 00:26:59,520 --> 00:27:02,080 Speaker 1: you want, um, but if you're looking at it over days, weeks, 522 00:27:02,119 --> 00:27:05,359 Speaker 1: or months, you're not gonna make it. Um. You're you're 523 00:27:05,400 --> 00:27:07,800 Speaker 1: listening to the Marketma show. We're talking about the decentralized revolution. 524 00:27:07,800 --> 00:27:11,679 Speaker 1: We're talking about bitcoin, the technology, how it's faster, cheaper, 525 00:27:11,720 --> 00:27:14,159 Speaker 1: and more private to send Bitcoin than any other cryptocurrency. 526 00:27:14,640 --> 00:27:18,639 Speaker 1: How um eight eighty million users have access to do 527 00:27:18,680 --> 00:27:20,639 Speaker 1: that right now, and how it's a life raft in Turkey. 528 00:27:20,680 --> 00:27:21,840 Speaker 1: I got a lot more to cover when I come 529 00:27:21,880 --> 00:27:24,920 Speaker 1: back in a minute. Um, we are going to talk 530 00:27:24,920 --> 00:27:28,240 Speaker 1: about some other tech stuff that's happening. Big, big, big news. 531 00:27:28,280 --> 00:27:30,520 Speaker 1: They're two big, two big piece of news. You don't 532 00:27:30,520 --> 00:27:31,800 Speaker 1: want to miss. It'll be back in a minute. Don't 533 00:27:31,800 --> 00:27:33,960 Speaker 1: go away, all right, welcome back. You are listening to 534 00:27:34,040 --> 00:27:36,640 Speaker 1: the Mark Mo Show. We're talking about the decentralized revolution 535 00:27:36,640 --> 00:27:39,320 Speaker 1: each and every week. Of course, the way the world's changing, 536 00:27:39,880 --> 00:27:43,399 Speaker 1: and it's changing fast. Some goods, I'm bad depends on 537 00:27:43,480 --> 00:27:44,880 Speaker 1: how you look at it and what you're looking at. 538 00:27:44,960 --> 00:27:48,199 Speaker 1: I guess specifically, UM, but we're talking about um the 539 00:27:48,200 --> 00:27:50,720 Speaker 1: technology piece today I look at I like to look 540 00:27:50,720 --> 00:27:54,200 Speaker 1: at through the lens of all three things, politics, finance, 541 00:27:54,240 --> 00:27:59,520 Speaker 1: and technology, specifically where those three things converge. So I 542 00:27:59,560 --> 00:28:02,320 Speaker 1: don't they care about politics for politics sake. I care 543 00:28:02,320 --> 00:28:07,040 Speaker 1: about politics insofar as it drives finance, and I care 544 00:28:07,080 --> 00:28:10,000 Speaker 1: about finance as so much as you know it involves 545 00:28:10,400 --> 00:28:13,639 Speaker 1: technology and and all that together. I like the convergence 546 00:28:13,800 --> 00:28:17,840 Speaker 1: of those three things specifically, UM, and so we look 547 00:28:17,880 --> 00:28:19,960 Speaker 1: at those. Um. Some big news came out this week 548 00:28:19,960 --> 00:28:24,399 Speaker 1: though it was earnings week, meaning we already know that 549 00:28:24,440 --> 00:28:26,879 Speaker 1: the stock markets are down. We're off to you know, 550 00:28:26,920 --> 00:28:29,479 Speaker 1: one of the worst years for stocks and bonds than 551 00:28:29,520 --> 00:28:33,840 Speaker 1: we've seen in history. And uh man, it has not 552 00:28:34,040 --> 00:28:38,400 Speaker 1: been good for the text stocks specifically. And I think 553 00:28:38,440 --> 00:28:40,600 Speaker 1: it's an interesting thing to look at if we want 554 00:28:40,600 --> 00:28:43,320 Speaker 1: to look at kind of like I said, these, uh, 555 00:28:43,520 --> 00:28:46,520 Speaker 1: the combination of politics, finance, and technology. As we look 556 00:28:46,520 --> 00:28:49,080 Speaker 1: at this, the tech stocks are getting smashed, some of 557 00:28:49,120 --> 00:28:51,400 Speaker 1: it because of their political leanings and some of it 558 00:28:51,440 --> 00:28:56,120 Speaker 1: because the technological leanings. But leading the board here, I 559 00:28:56,120 --> 00:28:59,760 Speaker 1: mean the company that just is getting just absolutely smash 560 00:29:00,960 --> 00:29:04,040 Speaker 1: is uh the artist formerly known as Prince No, I'm kidding. 561 00:29:04,320 --> 00:29:06,920 Speaker 1: The company formerly known as Facebook, now known known as 562 00:29:07,040 --> 00:29:13,080 Speaker 1: Meta and Meta is just getting absolutely demolished. Um. You know, 563 00:29:13,520 --> 00:29:16,520 Speaker 1: maybe for any number of reasons, maybe because of their 564 00:29:16,560 --> 00:29:20,600 Speaker 1: political ideologies. Right. We've seen Mark Zuckerberg go on Joe 565 00:29:20,680 --> 00:29:26,160 Speaker 1: Rogan and admit that, yes, because the government asked us to, 566 00:29:26,320 --> 00:29:30,280 Speaker 1: we censored information that probably could have cost the Democrats 567 00:29:30,400 --> 00:29:33,200 Speaker 1: an election. I mean he admitted it out of his 568 00:29:33,200 --> 00:29:36,400 Speaker 1: own mouth. Maybe people are mad about that. Maybe it's 569 00:29:36,400 --> 00:29:42,280 Speaker 1: because technology is changing. Maybe it's because um, he made 570 00:29:42,280 --> 00:29:45,680 Speaker 1: a very bad bet. Um and he changed the name 571 00:29:45,720 --> 00:29:49,320 Speaker 1: of the company from Facebook to Meta basically betting on 572 00:29:49,640 --> 00:29:56,360 Speaker 1: the metaverse. So they're trying to capture on this cryptocurrency hype. Obviously, 573 00:29:56,400 --> 00:29:59,840 Speaker 1: Bitcoin is the big technological revolution is changing the world, 574 00:30:00,560 --> 00:30:02,440 Speaker 1: and we have lots of little spinoffs of this, and 575 00:30:02,480 --> 00:30:06,200 Speaker 1: one of these is this cryptocurrency little niche called the metaverse, 576 00:30:06,920 --> 00:30:10,080 Speaker 1: and um he positioned his whole company for that and 577 00:30:10,600 --> 00:30:15,320 Speaker 1: has lost billions, hundreds of billions of dollars because of that. 578 00:30:16,240 --> 00:30:19,480 Speaker 1: Bad bad choices, maybe political leans, maybe it was because 579 00:30:19,480 --> 00:30:23,760 Speaker 1: of bad choices, investment choices. Um maybe it was because 580 00:30:23,800 --> 00:30:26,720 Speaker 1: of other bad choices such as buying their stock back. 581 00:30:26,800 --> 00:30:29,920 Speaker 1: But never mind that. We can see that they have 582 00:30:30,120 --> 00:30:33,640 Speaker 1: gotten completely torched. As a matter of fact, when they're 583 00:30:34,640 --> 00:30:36,960 Speaker 1: stock came out, it dropped, I'm sorry. When the earnings 584 00:30:37,000 --> 00:30:41,040 Speaker 1: were working out this week, they've lost twenty in after hours. 585 00:30:41,680 --> 00:30:43,400 Speaker 1: Looking at the daily chart, you can see that they've 586 00:30:43,480 --> 00:30:49,040 Speaker 1: lost seven years of price growth, seven years. They're all 587 00:30:49,040 --> 00:30:52,560 Speaker 1: the way back to where they were in so seven 588 00:30:52,640 --> 00:30:57,360 Speaker 1: years of the biggest bull market in history, with tens 589 00:30:57,400 --> 00:31:02,160 Speaker 1: of trillions of dollars of federal money propping up equities, 590 00:31:03,000 --> 00:31:07,960 Speaker 1: all gone, all for nothing. That's what Facebook has done, 591 00:31:08,640 --> 00:31:12,000 Speaker 1: or I should say, Meta sorry, they've They've lost about 592 00:31:12,080 --> 00:31:18,880 Speaker 1: seventy five of its value, which is unbelievable. Now. One 593 00:31:18,960 --> 00:31:23,200 Speaker 1: of the best reverse indicators, meaning when they say by 594 00:31:23,400 --> 00:31:27,120 Speaker 1: you sell. One of the most reliable, one of the 595 00:31:27,240 --> 00:31:29,800 Speaker 1: best indicators we have for the stock market is Jim 596 00:31:29,840 --> 00:31:32,920 Speaker 1: Kramer when he says to buy, you sell when he 597 00:31:32,920 --> 00:31:36,400 Speaker 1: says to sell you by and I mean it like 598 00:31:36,360 --> 00:31:39,560 Speaker 1: I think, like a accuracy. I mean maybe it's like 599 00:31:40,440 --> 00:31:44,880 Speaker 1: I don't know. And he came out on October and 600 00:31:44,920 --> 00:31:49,200 Speaker 1: tweeted the lack of respect from Meta is incredible, meaning 601 00:31:49,240 --> 00:31:51,000 Speaker 1: that the price was selling off and why would people 602 00:31:51,040 --> 00:31:58,080 Speaker 1: do that? And people should buy there was October, which 603 00:31:58,560 --> 00:32:01,040 Speaker 1: that is the kiss of death. As I said, if 604 00:32:01,040 --> 00:32:03,360 Speaker 1: he comes out and says that, that means you do 605 00:32:03,480 --> 00:32:07,920 Speaker 1: the opposite. And that's exactly what happened with Meta. As 606 00:32:07,920 --> 00:32:11,920 Speaker 1: a matter of fact, if we look at where are 607 00:32:12,000 --> 00:32:16,320 Speaker 1: we here the twenty fourth, if you would have listened 608 00:32:16,320 --> 00:32:19,160 Speaker 1: to Jim Kramer and bought on that day, you'd be 609 00:32:19,240 --> 00:32:26,920 Speaker 1: down right now. And for the first time ever, I 610 00:32:27,040 --> 00:32:32,600 Speaker 1: saw Jim Kramer actually come out and make a formal apology. 611 00:32:34,320 --> 00:32:36,920 Speaker 1: I think this reverse indicator is getting to him. He's 612 00:32:36,920 --> 00:32:38,360 Speaker 1: finally had to come out and make an apology, which 613 00:32:38,360 --> 00:32:39,760 Speaker 1: should have done a long time. But what he shouldn't 614 00:32:39,800 --> 00:32:42,080 Speaker 1: do is he should stop telling people to buy and sell. 615 00:32:42,120 --> 00:32:45,040 Speaker 1: He should probably just hang up his hat and realize 616 00:32:45,080 --> 00:32:48,000 Speaker 1: he's the absolute worst. Well I had to say the 617 00:32:48,000 --> 00:32:50,280 Speaker 1: worst in the world, but he's certainly the worst in 618 00:32:50,480 --> 00:32:54,680 Speaker 1: known media. Like I said, his indicators like near perfect. 619 00:32:55,960 --> 00:32:59,280 Speaker 1: Now on top of that, Meta has completely screwed up 620 00:33:00,120 --> 00:33:06,240 Speaker 1: UM since night. Until corporations were not as in like illegal, 621 00:33:06,400 --> 00:33:09,040 Speaker 1: they were not allowed to buy their own stock back. 622 00:33:09,800 --> 00:33:13,000 Speaker 1: But then the rules changed and then companies started buying 623 00:33:13,000 --> 00:33:15,120 Speaker 1: their stocks. And part of the reason why is because 624 00:33:16,360 --> 00:33:20,640 Speaker 1: what happened is I believe it was under President Bill Clinton. Um. 625 00:33:20,720 --> 00:33:24,640 Speaker 1: They said that companies, when they pay their employees, that's 626 00:33:24,880 --> 00:33:27,480 Speaker 1: tax deductible. Right, that's an expense. When I pay my employees, 627 00:33:27,520 --> 00:33:29,200 Speaker 1: that's an expense. I have to pay tax on that money. 628 00:33:29,560 --> 00:33:32,120 Speaker 1: But they said that you can't pay a CEO over 629 00:33:32,160 --> 00:33:34,440 Speaker 1: a million dollars or any anything over a million dollars 630 00:33:34,440 --> 00:33:40,800 Speaker 1: is not tax deductible. So they make one stupid law 631 00:33:40,840 --> 00:33:44,400 Speaker 1: and it creates even bigger problems. And so what happened 632 00:33:44,440 --> 00:33:46,320 Speaker 1: is corporation stead fine, then we won't pay them over 633 00:33:46,360 --> 00:33:47,560 Speaker 1: a million dollars. What we'll do is we'll give them 634 00:33:47,560 --> 00:33:52,120 Speaker 1: stock instead. And because now CEOs were incentivized with stocks, 635 00:33:53,000 --> 00:33:56,240 Speaker 1: what do you think their main priority was to get 636 00:33:56,240 --> 00:33:59,120 Speaker 1: the price of the stock up. And so they do 637 00:33:59,200 --> 00:34:01,160 Speaker 1: anything they can to get the price of the stock up, 638 00:34:01,240 --> 00:34:04,240 Speaker 1: even if it's for short term gains at long term 639 00:34:04,240 --> 00:34:06,440 Speaker 1: expense of the company. So they start thinking very short 640 00:34:06,520 --> 00:34:07,680 Speaker 1: term about what they're doing with the company just to 641 00:34:07,680 --> 00:34:09,520 Speaker 1: get the price of the stock ups. They can cash out. 642 00:34:09,719 --> 00:34:11,520 Speaker 1: Who cares if it ruins the company down the road. 643 00:34:11,719 --> 00:34:14,680 Speaker 1: One of those things was buying back stock. When they 644 00:34:14,760 --> 00:34:17,600 Speaker 1: take stock off the market, it pushes the price up. 645 00:34:19,040 --> 00:34:25,160 Speaker 1: We see that Meta Facebook had spent just since July 646 00:34:25,280 --> 00:34:30,680 Speaker 1: of two thousand one, spent fifty billion dollars. That's b 647 00:34:31,200 --> 00:34:36,440 Speaker 1: would be fifty billion in cash money in the bank 648 00:34:36,880 --> 00:34:41,719 Speaker 1: their cash. Meta spent fifty billion in cash to buy 649 00:34:41,840 --> 00:34:48,759 Speaker 1: up their stock at a price of over three hundred dollars. Today, 650 00:34:49,239 --> 00:34:52,040 Speaker 1: the price of the stock is under one hundred dollars 651 00:34:52,280 --> 00:34:56,280 Speaker 1: that means they've lost about one third of their fifty 652 00:34:56,320 --> 00:35:00,279 Speaker 1: billion dollars in cash, or they've torched lit on are 653 00:35:00,440 --> 00:35:05,759 Speaker 1: thirty two billion dollars? Mm hmmm, pretty bad, Pretty bad, 654 00:35:05,920 --> 00:35:07,920 Speaker 1: Pretty bad choice. Now. I talked about that because I 655 00:35:07,920 --> 00:35:10,200 Speaker 1: want to highlight it in contrast to something else. In 656 00:35:10,239 --> 00:35:14,040 Speaker 1: contrast to something else, Elon Musk has agreed to buy Twitter, 657 00:35:15,000 --> 00:35:16,360 Speaker 1: And as a matter of fact, it looked like the 658 00:35:16,360 --> 00:35:18,520 Speaker 1: deal wasn't gonna go through, and now it looks like 659 00:35:18,680 --> 00:35:23,080 Speaker 1: this week it should go through. He should take control 660 00:35:23,120 --> 00:35:26,960 Speaker 1: of the board this week. Now there's lots of stuff 661 00:35:27,000 --> 00:35:29,279 Speaker 1: going on about this. How dare he As a matter 662 00:35:29,280 --> 00:35:33,560 Speaker 1: of fact, now the government wants to open up investigations 663 00:35:33,600 --> 00:35:35,920 Speaker 1: into him. Uh is there anything they can do to 664 00:35:35,960 --> 00:35:41,120 Speaker 1: block this? How dare he buy this platform because he 665 00:35:41,280 --> 00:35:47,759 Speaker 1: wants to have free speech? How dare he? M They 666 00:35:47,760 --> 00:35:50,760 Speaker 1: said that they're losing control of the narrative management tool 667 00:35:50,960 --> 00:35:57,160 Speaker 1: known as Twitter. Um Bloomberg ran article saying, quote, there's 668 00:35:57,160 --> 00:35:59,799 Speaker 1: no commercial viability for a network that doesn't have some 669 00:36:00,080 --> 00:36:04,040 Speaker 1: level of content moderation. And Twitter is already struggling with 670 00:36:04,120 --> 00:36:07,080 Speaker 1: losing its most active users. So in deciding how to 671 00:36:07,200 --> 00:36:10,400 Speaker 1: free Musk wants speech to be he may have alien 672 00:36:10,640 --> 00:36:14,440 Speaker 1: users to get there. Well, it's funny because he says 673 00:36:14,480 --> 00:36:16,799 Speaker 1: he wants to create free speech. He says that it's 674 00:36:16,800 --> 00:36:18,960 Speaker 1: important to the future of civilization to have a common 675 00:36:19,160 --> 00:36:22,040 Speaker 1: digital town square. He says there's currently greater danger that 676 00:36:22,080 --> 00:36:24,359 Speaker 1: social media will splinter into far right and far left 677 00:36:24,400 --> 00:36:28,480 Speaker 1: echo chambers that generate hate and divide our society. And 678 00:36:28,840 --> 00:36:30,879 Speaker 1: he says that he wants to have a place that 679 00:36:31,080 --> 00:36:35,160 Speaker 1: is open, available for everyone to have dialogue. Doesn't sound 680 00:36:35,239 --> 00:36:38,360 Speaker 1: so bad to me, And I say that because Twitter 681 00:36:38,880 --> 00:36:42,400 Speaker 1: stock prices up thirty one per cent since his announcement. 682 00:36:42,920 --> 00:36:44,920 Speaker 1: At the same time, since the announcement, met us down 683 00:36:45,760 --> 00:36:52,080 Speaker 1: and Googles down, Facebook and Google censoring, They're down Twitter. 684 00:36:52,320 --> 00:36:56,400 Speaker 1: Free speech is up, and that is the decentralized revolution 685 00:36:56,440 --> 00:36:58,160 Speaker 1: we're talking about. You listen to the Mark Moa show. 686 00:36:58,160 --> 00:37:00,440 Speaker 1: Hopefully enjoyed that. Thanks for us a name