WEBVTT - The Mark Moss Show Nov 2, 2022 0:00:00.040 --> 0:00:02.440 Hello, and welcome to another episode of The Mark mos Show, 0:00:02.480 --> 0:00:05.600 where we talk about the decentralized revolution each and every week. 0:00:06.320 --> 0:00:08.200 Has the world is changing, we look at it through 0:00:08.200 --> 0:00:12.200 the lens of politics, finance, and technology, and of course 0:00:12.200 --> 0:00:16.120 that technology is bitcoin. It is the decentralized technology that's 0:00:16.200 --> 0:00:19.119 changing the world as we see. And you know, I 0:00:19.160 --> 0:00:21.439 try to bring to you some education to kind of 0:00:21.520 --> 0:00:22.960 change the way you see things. I want to bring 0:00:23.000 --> 0:00:26.840 to you the latest breaking news and some interesting guests 0:00:26.880 --> 0:00:29.320 so you can hear some different viewpoints. And I want 0:00:29.320 --> 0:00:31.159 to run through some of the biggest news that I 0:00:31.200 --> 0:00:34.560 saw this week that really just highlights exactly what's going 0:00:34.640 --> 0:00:39.120 on out there. And it's uh, you know, it shouldn't 0:00:39.120 --> 0:00:41.720 be as a big surprise to anybody, especially if somebody 0:00:41.720 --> 0:00:43.680 who's listening to this show on a regular basis, and 0:00:44.080 --> 0:00:45.880 if you're not, I would encourage you to tune in 0:00:45.880 --> 0:00:47.960 on a regular basis. You can check me out on YouTube. 0:00:48.320 --> 0:00:51.520 You can just search Market Disruptors to find these episodes 0:00:51.880 --> 0:00:53.800 live on YouTube. You can watch me listen to me 0:00:53.840 --> 0:00:56.400 there or on your favorite podcast player. Just search the 0:00:56.440 --> 0:01:01.200 Mark Moss Show. Um, but it shouldn't be a surprise 0:01:01.280 --> 0:01:07.320 that we are going through a rough economic cycle right now. Um, Facebook, 0:01:07.400 --> 0:01:10.640 Meta just produced their earnings this week. Their their stock 0:01:10.760 --> 0:01:14.840 is down seventy from its peak. Cryptocurrencies are down anywhere 0:01:14.880 --> 0:01:19.520 from seventy off their peak. Most of the NASDAC, the 0:01:19.560 --> 0:01:23.959 text stocks are down. You know. UM, we're definitely in 0:01:23.959 --> 0:01:27.360 a bear market. We've had two quarters of negative GDP growth. 0:01:28.720 --> 0:01:31.119 The Biden administration doesn't want to call that a recession. 0:01:31.520 --> 0:01:34.440 Technically it is, but whatever. But the point that I 0:01:34.440 --> 0:01:37.280 want to make is that, UM, in the bear markets, 0:01:37.600 --> 0:01:39.480 which is what we are in right now, in the 0:01:39.520 --> 0:01:43.160 bear markets, is when it's time to build. That's when 0:01:43.280 --> 0:01:45.880 the real builders, That's when the real wealth is made. 0:01:46.680 --> 0:01:49.160 At the bottom of the market, that's where the opportunities are. 0:01:49.160 --> 0:01:51.640 And we can see that, Um, that's exactly what's happening. 0:01:51.680 --> 0:01:53.160 As a matter of fact, there's this article that came 0:01:53.200 --> 0:01:56.760 out this week from Fidelity. Fidelity is one of the 0:01:56.840 --> 0:01:59.960 largest asset managers in the United States, and it says 0:02:00.120 --> 0:02:02.680 that per there's a survey that they did that the 0:02:02.720 --> 0:02:08.120 bear market didn't slow down institutional interest in bitcoin and crypto. 0:02:09.160 --> 0:02:11.520 This is the fourth annual study they've done and has 0:02:11.560 --> 0:02:17.520 showed that seventy four percent of institutional investors UM still 0:02:18.160 --> 0:02:22.400 want to get into bitcoin and crypto in the future. Now, 0:02:22.440 --> 0:02:23.840 Like I said, this is one of the largest asset 0:02:23.840 --> 0:02:26.800 managers in the United States maybe and the world for 0:02:26.840 --> 0:02:31.280 that matter. And uh, they have a division called the 0:02:31.280 --> 0:02:35.679 Fidelity Digital Assets Group, and they studied them. They said 0:02:35.720 --> 0:02:39.520 that more than half of those surveyed of the people 0:02:39.520 --> 0:02:42.840 they surveyed had already invested into digital assets during the 0:02:42.880 --> 0:02:48.480 first half of two and seventy four planned to invest 0:02:48.639 --> 0:02:53.760 in the future. UM. Now that's a pretty big deal. Now, 0:02:53.800 --> 0:02:58.800 that's included over one thousand institutional investors spread across the US, Europe, 0:02:59.000 --> 0:03:03.040 and Asia. The responds included family offices, digital and traditional 0:03:03.080 --> 0:03:07.399 hedge funds, pensions, financial advisors, endowments, foundations, and high net 0:03:07.400 --> 0:03:10.120 worth individuals. So this isn't just like random run of 0:03:10.160 --> 0:03:12.040 the mill people off the street that have a Hunter Bucks. 0:03:12.480 --> 0:03:15.320 These are what we might typically call the smart money. 0:03:16.040 --> 0:03:19.799 UM I am, and I hate to break it to you, 0:03:20.040 --> 0:03:23.200 are we're considered the dumb money, but this we consider 0:03:23.280 --> 0:03:25.119 the smart money. So the smart money in the US, 0:03:25.160 --> 0:03:27.320 Europe and Asia are saying they are going to continue 0:03:27.320 --> 0:03:30.080 to invest in they want to continue. Sevent of them 0:03:30.080 --> 0:03:33.760 planned to invest into these markets in the future, and 0:03:33.800 --> 0:03:36.600 so that's that's a big deal. It's a big deal 0:03:37.080 --> 0:03:39.120 a lot of times. A lot of people lately think 0:03:39.160 --> 0:03:42.360 that this entire sector bitcoin and crypto is dead, but 0:03:42.400 --> 0:03:45.560 it's not, not by a long shot. And we can 0:03:45.560 --> 0:03:47.840 see that these companies are not only being invested into, 0:03:47.840 --> 0:03:52.080 but they're also building. There's a company this week, col Nder. 0:03:52.320 --> 0:03:54.240 They announced that they raised two almost two and a 0:03:54.200 --> 0:03:58.360 half million dollars to build a Lightning Native I said 0:03:58.360 --> 0:04:01.720 that with air quotes lightening Native financial products. Now what 0:04:01.760 --> 0:04:07.400 does that mean? Lightning Native. So one of the oldest 0:04:08.320 --> 0:04:13.640 and still maybe most pervasive arguments against the bitcoin is 0:04:13.680 --> 0:04:17.440 it's too slow and too expensive. Bitcoin can't scale, it's 0:04:17.480 --> 0:04:23.320 too slow, it's too expensive. Now, I've heard that more 0:04:23.360 --> 0:04:26.240 than any other argument in the history of bitcoin UM 0:04:26.279 --> 0:04:30.720 and I don't understand how it's still being used today. UM. 0:04:30.760 --> 0:04:35.479 I tell people that that argument is the argument like 0:04:35.680 --> 0:04:39.400 things have changed, new developments have happened. I talked about 0:04:39.400 --> 0:04:42.400 it all the time, and that's what lightning is. And 0:04:42.440 --> 0:04:47.760 they're raising money to build more on lightning Native um products. 0:04:48.560 --> 0:04:50.520 So what do I mean by that? Well, um, they 0:04:50.640 --> 0:04:54.120 raised close two point three million seed funding round and 0:04:54.120 --> 0:04:56.080 they're going to use the funds to expand its exchange 0:04:56.120 --> 0:04:59.440 business and add more Lightning Native financial tours to its 0:04:59.440 --> 0:05:06.120 existing product. What is Lightning Native? So technology scales in layers, 0:05:06.400 --> 0:05:08.760 so it works just like our financial system was built 0:05:08.800 --> 0:05:12.719 on layers. Gold was the final was the base settlement layer, 0:05:13.000 --> 0:05:15.479 and in order to speed up gold transactions, because to 0:05:15.520 --> 0:05:17.240 go get my gold out of the ground and then 0:05:17.400 --> 0:05:19.960 send it to somebody across the country took a lot 0:05:20.000 --> 0:05:21.560 of time. So if I put the gold in a 0:05:21.600 --> 0:05:25.440 bank and they gave me a paper gold certificate, that's 0:05:25.160 --> 0:05:28.880 a an IOU A debt claim. That's layer two. Now 0:05:29.000 --> 0:05:31.840 it's much easier, faster, and cheaper to spend the paper 0:05:32.279 --> 0:05:35.039 than it is to move the base metal. Um technology 0:05:35.080 --> 0:05:36.640 scales the same way. So we have a t c 0:05:36.800 --> 0:05:39.640 P I P as a protocol that transfers information, and 0:05:39.680 --> 0:05:41.520 then we built layers on top of it. So if 0:05:41.520 --> 0:05:43.680 we want email, then we create an S t M 0:05:43.960 --> 0:05:46.760 S t MP protocol S t MP protocol on top 0:05:46.760 --> 0:05:48.880 of that. If we want security for websites, we created 0:05:49.040 --> 0:05:51.719 HTTPS and we scale layers on top of it. And 0:05:51.760 --> 0:05:53.640 bitcoin is the same way. So bitcoin is a base 0:05:53.680 --> 0:05:57.599 settlement protocols base settlement layer and on top of it 0:05:57.640 --> 0:05:59.880 we have layer two's and now we have layer three 0:06:00.040 --> 0:06:02.440 being built on top of that. And so lightning is 0:06:02.480 --> 0:06:05.760 a way that we can send bitcoin faster and more 0:06:05.880 --> 0:06:10.160 cheaper than any other cryptocurrency is out there. So that's 0:06:10.160 --> 0:06:15.280 what they're talking about with lightning. Lightning Native. Colander refers 0:06:15.320 --> 0:06:18.240 to its core product as quote the world's first lightning 0:06:18.320 --> 0:06:22.719 native Derivatives exchange and quote they're also working on bitcoin 0:06:22.760 --> 0:06:28.080 back synthetic stable coins, and a lightning enabled bitcoin wallet. So, um, 0:06:28.120 --> 0:06:31.040 what they do is they they level the network allows 0:06:31.120 --> 0:06:34.000 users to instantly open close positions directly to and from 0:06:34.040 --> 0:06:36.320 their lightning walls. So typically what happened is, if I 0:06:36.320 --> 0:06:37.800 wanted to open up an exchange account, I have to 0:06:37.800 --> 0:06:40.200 send bitcoin. Now, when I send the bitcoin, it could 0:06:40.240 --> 0:06:43.640 take an hour for that bitcoin to get there, which 0:06:44.480 --> 0:06:46.000 it could take me an hour to drive to my 0:06:46.080 --> 0:06:48.760 bank and send a wire transfer, much less of the 0:06:48.800 --> 0:06:51.040 time it takes to get the money there. But um, 0:06:51.120 --> 0:06:53.919 so an hour still pretty fast. But with Lightning it 0:06:54.000 --> 0:06:57.640 can be done instantaneously, as a matter of fact, pretty 0:06:57.720 --> 0:07:01.040 much instantaneously and free. Um, and that's what they're talking 0:07:01.080 --> 0:07:02.839 about so they're going to be allow people to fund 0:07:02.839 --> 0:07:05.919 their walts with using lightning. Lightning is the second layer 0:07:05.920 --> 0:07:08.880 that allows to send bitcoin faster and cheaper than any 0:07:08.880 --> 0:07:12.440 other cryptocurrency that's out there. Also, they're creating this synthetic 0:07:12.520 --> 0:07:18.280 stable coin UM, which basically is a traditional stable coin 0:07:18.400 --> 0:07:21.240 is UM. I would give you one US dollar and 0:07:21.240 --> 0:07:23.760 you would give me back a token that's a claim 0:07:23.960 --> 0:07:26.120 on that dollar, So I can use this token as 0:07:26.160 --> 0:07:29.160 a dollar. It's stable to the price of the dollar, 0:07:29.240 --> 0:07:30.600 but anytime I want to give you the token back 0:07:30.600 --> 0:07:33.400 and give my dollar back. These are synthetic stable coins. 0:07:33.520 --> 0:07:36.120 Is a little bit different, and basically they mimic a 0:07:36.160 --> 0:07:40.240 stable coin, but they don't actually create a stable coin token, 0:07:41.280 --> 0:07:43.600 and so it's synthetic. So what it does is it 0:07:43.640 --> 0:07:48.560 aims to achieve stability by simultaneously maintaining a long a 0:07:48.720 --> 0:07:52.120 by and a short cell position on bitcoin at the 0:07:52.120 --> 0:07:54.600 same time. So if I buy bitcoin, I hold bitcoin, 0:07:54.600 --> 0:07:57.200 I'm long, and what I would do is I would 0:07:57.200 --> 0:08:00.480 go short one bitcoin at the exact same time. So 0:08:00.520 --> 0:08:03.000 that way, if the price goes up or down, the 0:08:03.080 --> 0:08:06.320 two the long and the short positions are evening themselves out. 0:08:07.560 --> 0:08:11.280 UM and with the synthetics um Bitcoin. You can also 0:08:11.480 --> 0:08:14.360 short it in several other FIA denominations, So I could 0:08:14.360 --> 0:08:18.080 create a synthetic stable coin pegged against the Euro or 0:08:18.120 --> 0:08:20.760 the end or whatever I want. So it's pretty cool. 0:08:21.960 --> 0:08:25.320 Now they also are building out a Lightning wallet, which 0:08:25.360 --> 0:08:27.440 is going to be like a Google Chrome extension. Now 0:08:27.480 --> 0:08:30.400 this is pretty interesting because it will integrate with the 0:08:30.440 --> 0:08:33.440 stable coins. The synthetic stable coins are they're they're creating, 0:08:33.679 --> 0:08:37.520 but also other applications in the ecosystem. Now, the reason 0:08:37.559 --> 0:08:40.040 why this important is because of what's being built now 0:08:40.120 --> 0:08:44.480 in this creator economy. So the creator economy is basically 0:08:44.520 --> 0:08:47.760 where me as a content creator putting out this podcast 0:08:47.800 --> 0:08:50.640 to you right now. For example, instead of needing for 0:08:50.679 --> 0:08:53.760 me to get sponsors who may or may not want 0:08:53.800 --> 0:08:56.520 to tell me what I can and can't say, what 0:08:56.640 --> 0:08:58.280 I could do is I could just provide value to 0:08:58.280 --> 0:09:02.280 you as a listener, and you could give me value 0:09:02.280 --> 0:09:04.280 back in the form of money. That I don't need 0:09:04.440 --> 0:09:07.960 sponsors now, I'm working for my users. Um, I'm gonna 0:09:07.960 --> 0:09:10.080 talk about that and and more in a minute. You're 0:09:10.080 --> 0:09:13.280 listening to the Mark mo Show talking about the decentralized revolution. 0:09:13.320 --> 0:09:15.680 Now the world is changing through politics, finance, and technology. 0:09:15.679 --> 0:09:18.000 We're talking about the technology right now today and how 0:09:18.000 --> 0:09:20.360 it's changing. I got a lot more to cover on 0:09:20.360 --> 0:09:23.000 this specifically and some other big stuff that just happened. 0:09:23.280 --> 0:09:25.280 Be back with all that and more in a minute. 0:09:25.880 --> 0:09:27.440 You don't want to miss it, so don't go away. 0:09:27.480 --> 0:09:29.560 I'll be right back, all right, Welcome back. You are 0:09:30.240 --> 0:09:31.960 still listening to the Mark mo Ma Show. If you're 0:09:31.960 --> 0:09:33.240 just tuning in and you listen to the Marketma Show, 0:09:33.280 --> 0:09:36.120 we're talking about the decentralized revolution now. The world is changing, 0:09:36.840 --> 0:09:39.480 of course you knew that, and we're looking at it 0:09:39.480 --> 0:09:41.640 through the lens of politics, finance, technology right now today 0:09:41.640 --> 0:09:44.440 we're looking at the technology piece and we're talking about, um, 0:09:44.600 --> 0:09:46.640 how the bear market. What we're going through right now 0:09:47.080 --> 0:09:50.640 is the time for building. Most people they want to 0:09:50.679 --> 0:09:53.040 buy when the markets at all time highs. Oh, everybody's 0:09:53.080 --> 0:09:55.480 making money. I want to buy bye bye, And then 0:09:55.520 --> 0:09:58.240 when things crash they just want to set on the sidelines. 0:09:59.040 --> 0:10:01.600 But the real money made in buying it and building 0:10:01.640 --> 0:10:05.520 at the bottom and selling at the top. UM. Just Unfortunately, 0:10:05.600 --> 0:10:08.520 human emotions don't work that way. And so what we're 0:10:08.520 --> 0:10:11.280 talking about is how people are building right now giving 0:10:11.320 --> 0:10:14.200 examples of how companies like this are building applications that 0:10:14.240 --> 0:10:17.600 will really change their future and change our future as well. 0:10:19.440 --> 0:10:21.839 Now I was talking about how they're building this lightning wall. 0:10:21.880 --> 0:10:23.880 It's company called Callander raised about two and a half 0:10:23.920 --> 0:10:26.040 million dollars to build this lightning wall that sits in 0:10:26.080 --> 0:10:28.199 the Google Chrome extension. And the reason why I was 0:10:28.200 --> 0:10:31.440 talking about this enablement of this creator economy. And so 0:10:31.559 --> 0:10:34.800 right now, as a creator, I'm a creator on YouTube 0:10:34.840 --> 0:10:38.880 for example, and um, YouTube gives me money for ad 0:10:38.920 --> 0:10:40.760 sens right, they run ads on my YouTube videos, and 0:10:40.760 --> 0:10:43.440 they give me money on my podcast. I can get sponsors, 0:10:43.480 --> 0:10:46.520 they can give me money. But if YouTube doesn't like 0:10:46.600 --> 0:10:48.680 what I say or my sponsors don't like what I say, 0:10:48.720 --> 0:10:51.880 that could be a problem. But in a creator economy 0:10:51.920 --> 0:10:55.360 would allow me to just work directly with my um 0:10:55.360 --> 0:10:58.120 with my you know, people that listen to my content 0:10:58.440 --> 0:11:02.480 and they could give me my directly. And that's one 0:11:02.480 --> 0:11:08.160 thing that bitcoins fixing. So imagine, for example, UM, Joe Rogan. 0:11:08.240 --> 0:11:10.840 Joe Rogan is getting about two hundred million views a 0:11:10.880 --> 0:11:16.120 month now, UM imagine if each of those users were 0:11:16.160 --> 0:11:21.480 to give him fifty cents per episode, that would be 0:11:21.520 --> 0:11:25.400 a hundred million dollars per month. He could be making 0:11:26.160 --> 0:11:28.760 just everyone gave him fifty cents. Now, I know that 0:11:28.880 --> 0:11:30.439 lots of people will be willing to give him five 0:11:30.520 --> 0:11:33.920 or ten dollars per episode. I know that because, oh, 0:11:34.160 --> 0:11:36.000 I probably would. I don't listen to him all the time. 0:11:36.040 --> 0:11:37.680 I don't listen to him very often, but on the 0:11:37.679 --> 0:11:39.360 shows I do want to listen to, I'd probably chip 0:11:39.360 --> 0:11:41.280 in five bucks. But we can also see if you 0:11:41.320 --> 0:11:45.000 go onto YouTube. YouTube has when you do live streams 0:11:45.880 --> 0:11:48.120 your power, you that can give you money if you watch, 0:11:48.200 --> 0:11:50.400 like Tim Cast, he does an I r L Tim 0:11:50.480 --> 0:11:52.800 Cast I r L every night he goes live, and 0:11:52.840 --> 0:11:56.400 if you watch, you'll see people are going hundred, hundred, hundred, fift, 0:11:58.640 --> 0:12:01.520 Like literally tip him hundred dollars at a time, hundred dollars, 0:12:01.520 --> 0:12:04.079 fifty dollars, twenty dollars at a time. I've only done 0:12:04.080 --> 0:12:06.280 it two or three times, and I've gotten hundred dollar tips. 0:12:06.400 --> 0:12:09.440 And I'm not a tem Cast. So um, if you 0:12:09.440 --> 0:12:11.760 can get a hundred dollar tips, um, if he can, 0:12:11.840 --> 0:12:15.280 if I can, I mean certainly Joe Rogan could. And 0:12:15.320 --> 0:12:19.320 I'm just saying fifty cents now, he doesn't have to 0:12:19.400 --> 0:12:22.280 listen to Spotify and employees the Spotify telling him that 0:12:22.320 --> 0:12:24.000 what he's making isn't good. He doesn't have to listen 0:12:24.000 --> 0:12:26.839 to sponsor, hadn't listen to anybody. He can do the 0:12:26.920 --> 0:12:29.200 best that he wants for his customers. If they find value, 0:12:29.360 --> 0:12:32.880 they can return back. So if that sits in the browser, 0:12:33.280 --> 0:12:35.520 then it's very easy for me as I'm browsing around 0:12:35.600 --> 0:12:38.040 to just click a button and just drop money. The 0:12:38.080 --> 0:12:40.240 other thing is like you probably noticed how the internet 0:12:40.280 --> 0:12:43.120 everything was free on the internet, right and now almost 0:12:43.559 --> 0:12:46.440 not almost, but lots of things are behind paywalls. So 0:12:46.520 --> 0:12:49.960 now you click to read on an article New York Times, 0:12:49.960 --> 0:12:52.319 and it's like, oh, you gotta pay, you gotta pay, 0:12:52.360 --> 0:12:53.839 you have to membership, you gotta pay five bucks a 0:12:53.880 --> 0:12:55.360 month or fifty bucks a month or whatever. It is 0:12:55.559 --> 0:12:57.079 like all the stuff is starting to go behind paywalls, 0:12:57.080 --> 0:12:59.439 and that's real paying that. And now it's like I 0:12:59.480 --> 0:13:01.360 have to create account and I have to give you 0:13:01.400 --> 0:13:03.240 my name and I have to give you my pass 0:13:03.280 --> 0:13:05.720 where I have to create a password. I hate that. 0:13:06.000 --> 0:13:07.679 I hate that have to create an email and a 0:13:07.800 --> 0:13:10.199 user name and a password for every single side I 0:13:10.240 --> 0:13:13.200 go to. I can't remember all this stuff. What a hassle. 0:13:14.080 --> 0:13:17.400 But what if in my browser I had a lightning 0:13:17.880 --> 0:13:20.480 extension and just, oh, do you want to read the article? 0:13:20.920 --> 0:13:24.440 Just drop five cents. Now you might say, well, why 0:13:24.480 --> 0:13:26.720 do we need bitcoin lightning to do that? And I 0:13:26.720 --> 0:13:30.360 would say, how can you send thirty five cents over 0:13:30.360 --> 0:13:33.000 the internet? And I'll wait for your answer, except I 0:13:33.040 --> 0:13:34.800 can't hear you, so I know you, and I know 0:13:34.840 --> 0:13:36.400 you don't have one. There is no way to send 0:13:36.400 --> 0:13:39.520 thirty five cents over the internet. And as transaction costs 0:13:40.200 --> 0:13:43.160 to fifty cents, so you can't send ten cents or 0:13:43.200 --> 0:13:46.400 five cents over the internet. But with bitcoin you can, 0:13:46.920 --> 0:13:50.280 with lightning you can. And so if I had that 0:13:50.360 --> 0:13:52.240 lightning extension on my Goo Chrome and I came upon 0:13:52.400 --> 0:13:54.360 a paywall and said, hey, give us five cents for 0:13:54.400 --> 0:13:57.040 this article, I just click a button. It doesn't I 0:13:57.080 --> 0:13:59.760 don't need to create account, I don't need a user name, 0:13:59.760 --> 0:14:01.920 I don't need a pass around need tony that I 0:14:02.000 --> 0:14:04.760 just dropped the five cents. Other things that we could do, 0:14:04.880 --> 0:14:08.040 for example, we could fix the bots on social media, 0:14:08.040 --> 0:14:09.680 which are a massive problem, which by the way, if 0:14:09.720 --> 0:14:12.800 you're following me on Instagram, I apologize in advance for 0:14:12.880 --> 0:14:15.200 all the scammers and bots that you get. Um, if 0:14:15.200 --> 0:14:17.400 you're not following on Instagram, then I know I just 0:14:17.400 --> 0:14:19.800 made it so appealing, but you should. You can find 0:14:19.840 --> 0:14:21.680 me on on Twitter and Instagram. Just at one Mark 0:14:21.760 --> 0:14:25.280 Moss that that's the number one. But the bots on 0:14:25.280 --> 0:14:27.200 on Twitter and Instagram are so bad. If I post 0:14:27.240 --> 0:14:29.280 on on on Twitter sometimes I'll get up like a 0:14:29.440 --> 0:14:34.840 hundred bot replies like instantly Instagram, same thing. And the 0:14:34.880 --> 0:14:37.880 reason why is there's no cost for them to do that. 0:14:38.360 --> 0:14:40.680 They can instantly like on if you want on my YouTube, 0:14:40.680 --> 0:14:42.400 which again, if you're not following me on YouTube, check 0:14:42.400 --> 0:14:45.880 it out. Just search Mark Moss on YouTube. But literally, um, 0:14:45.920 --> 0:14:47.880 I have you know, I'll get a thousand comments on 0:14:47.920 --> 0:14:50.360 a video for example. And I think they have some 0:14:50.400 --> 0:14:51.840 sort of like this boss has some sort of like 0:14:51.920 --> 0:14:53.960 script where they just probably put a button and it 0:14:54.080 --> 0:14:56.880 literally puts spam comments on every single comment that's there. 0:14:57.600 --> 0:14:59.840 And that cost them no money to do that. But 0:15:00.080 --> 0:15:02.240 for me, I have to pay a full time person, 0:15:02.520 --> 0:15:04.440 like a real person. I have to pay them full 0:15:04.440 --> 0:15:06.000 time just to sit there and go through and clean 0:15:06.080 --> 0:15:09.080 all the spam out of my comments. So it costs 0:15:09.120 --> 0:15:12.240 them nothing, but it costs me something. Now, what if um, 0:15:12.360 --> 0:15:15.720 these social media platforms, he said, hey, UM, in order 0:15:15.760 --> 0:15:18.440 to join, we don't, we don't what they're what what 0:15:18.600 --> 0:15:20.480 the mainstream is gonna want to do is make it 0:15:20.520 --> 0:15:23.400 where you can't use these platforms anonymously anymore. I don't 0:15:23.440 --> 0:15:25.760 like that. But what they could easily do is say, hey, 0:15:25.960 --> 0:15:28.240 you have to post up a bond. You have to 0:15:28.280 --> 0:15:32.360 put up a one dollar bond or a fifty cent bond, 0:15:32.880 --> 0:15:36.600 and if you, um, if you post spam, you lose 0:15:36.600 --> 0:15:39.560 your bond. Well just by having to put up that 0:15:39.600 --> 0:15:42.480 fifty cents. These spammers, these these scammers wouldn't be able 0:15:42.480 --> 0:15:43.720 to do that because now they will create that a 0:15:43.720 --> 0:15:46.600 million accounts, a million acounts fifty cents. It's too expensive. 0:15:47.080 --> 0:15:49.000 So these are things that can happen very quickly. As 0:15:49.000 --> 0:15:53.120 we start to see this happening more and more and more, UM, 0:15:53.240 --> 0:15:55.200 then we've also seen, you know, more and more of 0:15:55.240 --> 0:15:57.840 this lightning adoption happening. I just named one company, but 0:15:57.840 --> 0:16:00.720 it's happening really fast. As a matter of fact, um Block, 0:16:00.880 --> 0:16:04.640 which is the parent company of Square and cash app, 0:16:05.000 --> 0:16:07.640 they integrated lightning into their cash app and has seventy 0:16:07.680 --> 0:16:11.320 million users UM in l Salvador. They're using it an 0:16:11.320 --> 0:16:13.600 achiev a wallet. There's three or four million users. They're 0:16:13.720 --> 0:16:18.840 packs full companies about seven million users. Arcane Research put 0:16:18.840 --> 0:16:22.240 out a report saying that UM they see in the 0:16:22.320 --> 0:16:24.400 last two years Lightning users have gone from about a 0:16:24.480 --> 0:16:30.160 hundred thousand years to over eighty million potential users. Eighty 0:16:30.160 --> 0:16:35.120 million potential keyword potential. They have access to Lightning, doesn't 0:16:35.120 --> 0:16:38.440 mean they're necessarily using it yet, but we've seen that 0:16:38.440 --> 0:16:42.840 payment volume has increased by four hundred percent just between 0:16:42.840 --> 0:16:45.400 the first quarter and the first quarter of twin two. 0:16:45.520 --> 0:16:51.000 So in a year, four increase in a year. That's amazing. Now, UM, 0:16:51.040 --> 0:16:53.520 like I said, what you can do it through podcasts. Now, 0:16:53.560 --> 0:16:56.640 there are some podcast players. There's one called Fountaining UM sorry, 0:16:56.680 --> 0:16:59.800 Fountain is one called Lightning Video that are allowing UM 0:17:00.040 --> 0:17:02.960 to pay content creators for their work directly. There's games 0:17:03.000 --> 0:17:07.000 now that have Bitcoin rewards that get paid out over Lightning. UM. 0:17:07.040 --> 0:17:09.879 There's the Lightning enabled browser extensions that I'm talking about. 0:17:10.000 --> 0:17:12.879 Another one is called ALBI and you can have the 0:17:12.920 --> 0:17:17.120 bitcoin UM Lightning payments right in your browser payments. I'm sorry, 0:17:17.119 --> 0:17:19.760 in your browser. This is all happening. It's all happening 0:17:19.800 --> 0:17:21.919 really really quickly. So all those people say that bitcoin 0:17:21.960 --> 0:17:25.280 is too slow and too expensive, they haven't checked out 0:17:25.800 --> 0:17:30.639 any new since uh we have who is the number? 0:17:31.760 --> 0:17:35.440 It was too big? Oh, eighty million potentially eighty million 0:17:35.480 --> 0:17:38.800 potential users could be using this right now. There's no 0:17:38.880 --> 0:17:42.000 other cryptocurrency that has eighty million users that have the 0:17:42.000 --> 0:17:44.320 ability to use any of their stuff right now. It's 0:17:44.359 --> 0:17:46.439 pretty big. Lean. Listen to the Mark Ball Show if 0:17:46.440 --> 0:17:48.720 you're just tune in. We're talking about the decentralized revolution, 0:17:48.760 --> 0:17:50.920 how the world is changing through the lens of politics, finance, 0:17:50.920 --> 0:17:54.320 and technology. We're talking specifically about the technology that's being 0:17:54.320 --> 0:17:58.160 built out right now in the bear market that's changing 0:17:58.200 --> 0:18:00.119 the world. We be back with a lot more were 0:18:00.119 --> 0:18:02.400 in a minute when I come back. You don't want 0:18:02.400 --> 0:18:04.720 to miss it, so don't go away. I'll be right back. Hello. 0:18:04.800 --> 0:18:07.679 You're listening to the Mark Mass Show. Welcome back if 0:18:07.720 --> 0:18:10.600 you're just joining us. We're talking about the decentralized revolution eation. 0:18:10.600 --> 0:18:12.520 Every week, of course, we talked about that and we 0:18:12.560 --> 0:18:14.800 look at it through the lens of politics, finance, and technology, 0:18:14.800 --> 0:18:17.000 and we're looking at some of this latest breaking news 0:18:17.040 --> 0:18:18.920 so you can be up to date. We're talking about 0:18:19.280 --> 0:18:24.480 before the break how UM. People that say that, well 0:18:24.560 --> 0:18:26.879 two things. One, how we're in a bearer market and 0:18:26.920 --> 0:18:28.600 most investors run away in the bearer market. But the 0:18:28.600 --> 0:18:30.600 bearer markets are for building the bear markets. When you 0:18:30.640 --> 0:18:32.639 invest the bear markets when you create, when you build, 0:18:33.400 --> 0:18:35.480 that's how you have the best opportunity. We're also talking 0:18:35.520 --> 0:18:39.760 about how UM the latest breaking news shows that these 0:18:39.800 --> 0:18:41.920 people with these old arguments that bitcoin is too slow 0:18:41.960 --> 0:18:44.960 and too expensive just haven't looked at anything literally since 0:18:46.520 --> 0:18:49.199 we're talking about how with Bitcoin lightning and how all 0:18:49.240 --> 0:18:51.119 these people are building on Bitcoin Lightning and how it's 0:18:51.200 --> 0:18:54.439 enabling us to send bitcoin faster and cheaper, but also 0:18:54.600 --> 0:18:57.240 in new ways. We're talking about this creator economy things 0:18:57.280 --> 0:19:00.119 like that. But cash app this week came out out 0:19:00.119 --> 0:19:03.480 with some new announcements says that now users Cash app 0:19:03.560 --> 0:19:06.440 users which there's a lot of people, um can now 0:19:06.520 --> 0:19:08.960 send him receive bitcoin using the Lightning network. So again, 0:19:09.240 --> 0:19:11.000 now if you're using the cash app, you can send 0:19:11.040 --> 0:19:16.840 him receive bitcoin for free, nearly nearly free and instantaneous UM, 0:19:16.880 --> 0:19:18.800 which is a pretty big deal. It speeds up the 0:19:18.800 --> 0:19:22.280 bitcoin transactions and reduces costs by writing transactions through channels 0:19:22.560 --> 0:19:26.080 without needing to use the main bitcoin blockchain. So there 0:19:26.240 --> 0:19:29.120 is a trade off. If I was going to sell 0:19:29.200 --> 0:19:32.720 you a car for fifty tho dollars and you're gonna 0:19:32.760 --> 0:19:34.720 pay me in bitcoin, I'd probably want you to send 0:19:34.760 --> 0:19:38.720 that on the base settlement layer. Then if I have 0:19:38.800 --> 0:19:41.840 to wait ten or fifteen minutes for that to go through, whatever, 0:19:41.960 --> 0:19:43.320 no big deal. Able to do the paperwork, but I 0:19:43.320 --> 0:19:45.040 want to make sure that that final confirmation is that. 0:19:45.080 --> 0:19:47.360 I want to make sure that transaction is censorship resistant 0:19:47.359 --> 0:19:50.440 and immutable. Now, if I'm buying a cup of coffee 0:19:50.480 --> 0:19:52.399 for two or three bucks, or I'm a Starbucks for 0:19:52.440 --> 0:19:56.080 five bucks, I don't really care if that transactions uh 0:19:56.280 --> 0:19:59.520 censorship resistant, immutable for all attorney. So I'm happy to 0:19:59.680 --> 0:20:04.480 trade it off. I'm getting more speed and lower costs 0:20:04.520 --> 0:20:06.760 of the transaction for a cup of coffee, but I'm 0:20:06.800 --> 0:20:10.080 giving up some of the censorship resistance and mutability. But 0:20:10.080 --> 0:20:11.560 I don't really care about that because it's a couple 0:20:11.560 --> 0:20:15.400 of bucks. If it's a big transaction, I do care 0:20:15.400 --> 0:20:18.160 about it, then I'm gonna I'm gonna wait. And so 0:20:18.200 --> 0:20:20.080 now it's up to us as the users to decide 0:20:20.119 --> 0:20:21.679 how we want to do that. And cash app allows 0:20:21.680 --> 0:20:25.800 you to send bitcoin now on both the base base layer, 0:20:26.440 --> 0:20:30.199