Speaker 1: Hello, and welcome to another episode of The Mark mos Show,
Speaker 1: where we talk about the decentralized revolution each and every week.
Speaker 1: Has the world is changing, we look at it through
Speaker 1: the lens of politics, finance, and technology, and of course
Speaker 1: that technology is bitcoin. It is the decentralized technology that's
Speaker 1: changing the world as we see. And you know, I
Speaker 1: try to bring to you some education to kind of
Speaker 1: change the way you see things. I want to bring
Speaker 1: to you the latest breaking news and some interesting guests
Speaker 1: so you can hear some different viewpoints. And I want
Speaker 1: to run through some of the biggest news that I
Speaker 1: saw this week that really just highlights exactly what's going
Speaker 1: on out there. And it's uh, you know, it shouldn't
Speaker 1: be as a big surprise to anybody, especially if somebody
Speaker 1: who's listening to this show on a regular basis, and
Speaker 1: if you're not, I would encourage you to tune in
Speaker 1: on a regular basis. You can check me out on YouTube.
Speaker 1: You can just search Market Disruptors to find these episodes
Speaker 1: live on YouTube. You can watch me listen to me
Speaker 1: there or on your favorite podcast player. Just search the
Speaker 1: Mark Moss Show. Um, but it shouldn't be a surprise
Speaker 1: that we are going through a rough economic cycle right now. Um, Facebook,
Speaker 1: Meta just produced their earnings this week. Their their stock
Speaker 1: is down seventy from its peak. Cryptocurrencies are down anywhere
Speaker 1: from seventy off their peak. Most of the NASDAC, the
Speaker 1: text stocks are down. You know. UM, we're definitely in
Speaker 1: a bear market. We've had two quarters of negative GDP growth.
Speaker 1: The Biden administration doesn't want to call that a recession.
Speaker 1: Technically it is, but whatever. But the point that I
Speaker 1: want to make is that, UM, in the bear markets,
Speaker 1: which is what we are in right now, in the
Speaker 1: bear markets, is when it's time to build. That's when
Speaker 1: the real builders, That's when the real wealth is made.
Speaker 1: At the bottom of the market, that's where the opportunities are.
Speaker 1: And we can see that, Um, that's exactly what's happening.
Speaker 1: As a matter of fact, there's this article that came
Speaker 1: out this week from Fidelity. Fidelity is one of the
Speaker 1: largest asset managers in the United States, and it says
Speaker 1: that per there's a survey that they did that the
Speaker 1: bear market didn't slow down institutional interest in bitcoin and crypto.
Speaker 1: This is the fourth annual study they've done and has
Speaker 1: showed that seventy four percent of institutional investors UM still
Speaker 1: want to get into bitcoin and crypto in the future. Now,
Speaker 1: Like I said, this is one of the largest asset
Speaker 1: managers in the United States maybe and the world for
Speaker 1: that matter. And uh, they have a division called the
Speaker 1: Fidelity Digital Assets Group, and they studied them. They said
Speaker 1: that more than half of those surveyed of the people
Speaker 1: they surveyed had already invested into digital assets during the
Speaker 1: first half of two and seventy four planned to invest
Speaker 1: in the future. UM. Now that's a pretty big deal. Now,
Speaker 1: that's included over one thousand institutional investors spread across the US, Europe,
Speaker 1: and Asia. The responds included family offices, digital and traditional
Speaker 1: hedge funds, pensions, financial advisors, endowments, foundations, and high net
Speaker 1: worth individuals. So this isn't just like random run of
Speaker 1: the mill people off the street that have a Hunter Bucks.
Speaker 1: These are what we might typically call the smart money.
Speaker 1: UM I am, and I hate to break it to you,
Speaker 1: are we're considered the dumb money, but this we consider
Speaker 1: the smart money. So the smart money in the US,
Speaker 1: Europe and Asia are saying they are going to continue
Speaker 1: to invest in they want to continue. Sevent of them
Speaker 1: planned to invest into these markets in the future, and
Speaker 1: so that's that's a big deal. It's a big deal
Speaker 1: a lot of times. A lot of people lately think
Speaker 1: that this entire sector bitcoin and crypto is dead, but
Speaker 1: it's not, not by a long shot. And we can
Speaker 1: see that these companies are not only being invested into,
Speaker 1: but they're also building. There's a company this week, col Nder.
Speaker 1: They announced that they raised two almost two and a
Speaker 1: half million dollars to build a Lightning Native I said
Speaker 1: that with air quotes lightening Native financial products. Now what
Speaker 1: does that mean? Lightning Native. So one of the oldest
Speaker 1: and still maybe most pervasive arguments against the bitcoin is
Speaker 1: it's too slow and too expensive. Bitcoin can't scale, it's
Speaker 1: too slow, it's too expensive. Now, I've heard that more
Speaker 1: than any other argument in the history of bitcoin UM
Speaker 1: and I don't understand how it's still being used today. UM.
Speaker 1: I tell people that that argument is the argument like
Speaker 1: things have changed, new developments have happened. I talked about
Speaker 1: it all the time, and that's what lightning is. And
Speaker 1: they're raising money to build more on lightning Native um products.
Speaker 1: So what do I mean by that? Well, um, they
Speaker 1: raised close two point three million seed funding round and
Speaker 1: they're going to use the funds to expand its exchange
Speaker 1: business and add more Lightning Native financial tours to its
Speaker 1: existing product. What is Lightning Native? So technology scales in layers,
Speaker 1: so it works just like our financial system was built
Speaker 1: on layers. Gold was the final was the base settlement layer,
Speaker 1: and in order to speed up gold transactions, because to
Speaker 1: go get my gold out of the ground and then
Speaker 1: send it to somebody across the country took a lot
Speaker 1: of time. So if I put the gold in a
Speaker 1: bank and they gave me a paper gold certificate, that's
Speaker 1: a an IOU A debt claim. That's layer two. Now
Speaker 1: it's much easier, faster, and cheaper to spend the paper
Speaker 1: than it is to move the base metal. Um technology
Speaker 1: scales the same way. So we have a t c
Speaker 1: P I P as a protocol that transfers information, and
Speaker 1: then we built layers on top of it. So if
Speaker 1: we want email, then we create an S t M
Speaker 1: S t MP protocol S t MP protocol on top
Speaker 1: of that. If we want security for websites, we created
Speaker 1: HTTPS and we scale layers on top of it. And
Speaker 1: bitcoin is the same way. So bitcoin is a base
Speaker 1: settlement protocols base settlement layer and on top of it
Speaker 1: we have layer two's and now we have layer three
Speaker 1: being built on top of that. And so lightning is
Speaker 1: a way that we can send bitcoin faster and more
Speaker 1: cheaper than any other cryptocurrency is out there. So that's
Speaker 1: what they're talking about with lightning. Lightning Native. Colander refers
Speaker 1: to its core product as quote the world's first lightning
Speaker 1: native Derivatives exchange and quote they're also working on bitcoin
Speaker 1: back synthetic stable coins, and a lightning enabled bitcoin wallet. So, um,
Speaker 1: what they do is they they level the network allows
Speaker 1: users to instantly open close positions directly to and from
Speaker 1: their lightning walls. So typically what happened is, if I
Speaker 1: wanted to open up an exchange account, I have to
Speaker 1: send bitcoin. Now, when I send the bitcoin, it could
Speaker 1: take an hour for that bitcoin to get there, which
Speaker 1: it could take me an hour to drive to my
Speaker 1: bank and send a wire transfer, much less of the
Speaker 1: time it takes to get the money there. But um,
Speaker 1: so an hour still pretty fast. But with Lightning it
Speaker 1: can be done instantaneously, as a matter of fact, pretty
Speaker 1: much instantaneously and free. Um, and that's what they're talking
Speaker 1: about so they're going to be allow people to fund
Speaker 1: their walts with using lightning. Lightning is the second layer
Speaker 1: that allows to send bitcoin faster and cheaper than any
Speaker 1: other cryptocurrency that's out there. Also, they're creating this synthetic
Speaker 1: stable coin UM, which basically is a traditional stable coin
Speaker 1: is UM. I would give you one US dollar and
Speaker 1: you would give me back a token that's a claim
Speaker 1: on that dollar, So I can use this token as
Speaker 1: a dollar. It's stable to the price of the dollar,
Speaker 1: but anytime I want to give you the token back
Speaker 1: and give my dollar back. These are synthetic stable coins.
Speaker 1: Is a little bit different, and basically they mimic a
Speaker 1: stable coin, but they don't actually create a stable coin token,
Speaker 1: and so it's synthetic. So what it does is it
Speaker 1: aims to achieve stability by simultaneously maintaining a long a
Speaker 1: by and a short cell position on bitcoin at the
Speaker 1: same time. So if I buy bitcoin, I hold bitcoin,
Speaker 1: I'm long, and what I would do is I would
Speaker 1: go short one bitcoin at the exact same time. So
Speaker 1: that way, if the price goes up or down, the
Speaker 1: two the long and the short positions are evening themselves out.
Speaker 1: UM and with the synthetics um Bitcoin. You can also
Speaker 1: short it in several other FIA denominations, So I could
Speaker 1: create a synthetic stable coin pegged against the Euro or
Speaker 1: the end or whatever I want. So it's pretty cool.
Speaker 1: Now they also are building out a Lightning wallet, which
Speaker 1: is going to be like a Google Chrome extension. Now
Speaker 1: this is pretty interesting because it will integrate with the
Speaker 1: stable coins. The synthetic stable coins are they're they're creating,
Speaker 1: but also other applications in the ecosystem. Now, the reason
Speaker 1: why this important is because of what's being built now
Speaker 1: in this creator economy. So the creator economy is basically
Speaker 1: where me as a content creator putting out this podcast
Speaker 1: to you right now. For example, instead of needing for
Speaker 1: me to get sponsors who may or may not want
Speaker 1: to tell me what I can and can't say, what
Speaker 1: I could do is I could just provide value to
Speaker 1: you as a listener, and you could give me value
Speaker 1: back in the form of money. That I don't need
Speaker 1: sponsors now, I'm working for my users. Um, I'm gonna
Speaker 1: talk about that and and more in a minute. You're
Speaker 1: listening to the Mark mo Show talking about the decentralized revolution.
Speaker 1: Now the world is changing through politics, finance, and technology.
Speaker 1: We're talking about the technology right now today and how
Speaker 1: it's changing. I got a lot more to cover on
Speaker 1: this specifically and some other big stuff that just happened.
Speaker 1: Be back with all that and more in a minute.
Speaker 1: You don't want to miss it, so don't go away.
Speaker 1: I'll be right back, all right, Welcome back. You are
Speaker 1: still listening to the Mark mo Ma Show. If you're
Speaker 1: just tuning in and you listen to the Marketma Show,
Speaker 1: we're talking about the decentralized revolution now. The world is changing,
Speaker 1: of course you knew that, and we're looking at it
Speaker 1: through the lens of politics, finance, technology right now today
Speaker 1: we're looking at the technology piece and we're talking about, um,
Speaker 1: how the bear market. What we're going through right now
Speaker 1: is the time for building. Most people they want to
Speaker 1: buy when the markets at all time highs. Oh, everybody's
Speaker 1: making money. I want to buy bye bye, And then
Speaker 1: when things crash they just want to set on the sidelines.
Speaker 1: But the real money made in buying it and building
Speaker 1: at the bottom and selling at the top. UM. Just Unfortunately,
Speaker 1: human emotions don't work that way. And so what we're
Speaker 1: talking about is how people are building right now giving
Speaker 1: examples of how companies like this are building applications that
Speaker 1: will really change their future and change our future as well.
Speaker 1: Now I was talking about how they're building this lightning wall.
Speaker 1: It's company called Callander raised about two and a half
Speaker 1: million dollars to build this lightning wall that sits in
Speaker 1: the Google Chrome extension. And the reason why I was
Speaker 1: talking about this enablement of this creator economy. And so
Speaker 1: right now, as a creator, I'm a creator on YouTube
Speaker 1: for example, and um, YouTube gives me money for ad
Speaker 1: sens right, they run ads on my YouTube videos, and
Speaker 1: they give me money on my podcast. I can get sponsors,
Speaker 1: they can give me money. But if YouTube doesn't like
Speaker 1: what I say or my sponsors don't like what I say,
Speaker 1: that could be a problem. But in a creator economy
Speaker 1: would allow me to just work directly with my um
Speaker 1: with my you know, people that listen to my content
Speaker 1: and they could give me my directly. And that's one
Speaker 1: thing that bitcoins fixing. So imagine, for example, UM, Joe Rogan.
Speaker 1: Joe Rogan is getting about two hundred million views a
Speaker 1: month now, UM imagine if each of those users were
Speaker 1: to give him fifty cents per episode, that would be
Speaker 1: a hundred million dollars per month. He could be making
Speaker 1: just everyone gave him fifty cents. Now, I know that
Speaker 1: lots of people will be willing to give him five
Speaker 1: or ten dollars per episode. I know that because, oh,
Speaker 1: I probably would. I don't listen to him all the time.
Speaker 1: I don't listen to him very often, but on the
Speaker 1: shows I do want to listen to, I'd probably chip
Speaker 1: in five bucks. But we can also see if you
Speaker 1: go onto YouTube. YouTube has when you do live streams
Speaker 1: your power, you that can give you money if you watch,
Speaker 1: like Tim Cast, he does an I r L Tim
Speaker 1: Cast I r L every night he goes live, and
Speaker 1: if you watch, you'll see people are going hundred, hundred, hundred, fift,
Speaker 1: Like literally tip him hundred dollars at a time, hundred dollars,
Speaker 1: fifty dollars, twenty dollars at a time. I've only done
Speaker 1: it two or three times, and I've gotten hundred dollar tips.
Speaker 1: And I'm not a tem Cast. So um, if you
Speaker 1: can get a hundred dollar tips, um, if he can,
Speaker 1: if I can, I mean certainly Joe Rogan could. And
Speaker 1: I'm just saying fifty cents now, he doesn't have to
Speaker 1: listen to Spotify and employees the Spotify telling him that
Speaker 1: what he's making isn't good. He doesn't have to listen
Speaker 1: to sponsor, hadn't listen to anybody. He can do the
Speaker 1: best that he wants for his customers. If they find value,
Speaker 1: they can return back. So if that sits in the browser,
Speaker 1: then it's very easy for me as I'm browsing around
Speaker 1: to just click a button and just drop money. The
Speaker 1: other thing is like you probably noticed how the internet
Speaker 1: everything was free on the internet, right and now almost
Speaker 1: not almost, but lots of things are behind paywalls. So
Speaker 1: now you click to read on an article New York Times,
Speaker 1: and it's like, oh, you gotta pay, you gotta pay,
Speaker 1: you have to membership, you gotta pay five bucks a
Speaker 1: month or fifty bucks a month or whatever. It is
Speaker 1: like all the stuff is starting to go behind paywalls,
Speaker 1: and that's real paying that. And now it's like I
Speaker 1: have to create account and I have to give you
Speaker 1: my name and I have to give you my pass
Speaker 1: where I have to create a password. I hate that.
Speaker 1: I hate that have to create an email and a
Speaker 1: user name and a password for every single side I
Speaker 1: go to. I can't remember all this stuff. What a hassle.
Speaker 1: But what if in my browser I had a lightning
Speaker 1: extension and just, oh, do you want to read the article?
Speaker 1: Just drop five cents. Now you might say, well, why
Speaker 1: do we need bitcoin lightning to do that? And I
Speaker 1: would say, how can you send thirty five cents over
Speaker 1: the internet? And I'll wait for your answer, except I
Speaker 1: can't hear you, so I know you, and I know
Speaker 1: you don't have one. There is no way to send
Speaker 1: thirty five cents over the internet. And as transaction costs
Speaker 1: to fifty cents, so you can't send ten cents or
Speaker 1: five cents over the internet. But with bitcoin you can,
Speaker 1: with lightning you can. And so if I had that
Speaker 1: lightning extension on my Goo Chrome and I came upon
Speaker 1: a paywall and said, hey, give us five cents for
Speaker 1: this article, I just click a button. It doesn't I
Speaker 1: don't need to create account, I don't need a user name,
Speaker 1: I don't need a pass around need tony that I
Speaker 1: just dropped the five cents. Other things that we could do,
Speaker 1: for example, we could fix the bots on social media,
Speaker 1: which are a massive problem, which by the way, if
Speaker 1: you're following me on Instagram, I apologize in advance for
Speaker 1: all the scammers and bots that you get. Um, if
Speaker 1: you're not following on Instagram, then I know I just
Speaker 1: made it so appealing, but you should. You can find
Speaker 1: me on on Twitter and Instagram. Just at one Mark
Speaker 1: Moss that that's the number one. But the bots on
Speaker 1: on Twitter and Instagram are so bad. If I post
Speaker 1: on on on Twitter sometimes I'll get up like a
Speaker 1: hundred bot replies like instantly Instagram, same thing. And the
Speaker 1: reason why is there's no cost for them to do that.
Speaker 1: They can instantly like on if you want on my YouTube,
Speaker 1: which again, if you're not following me on YouTube, check
Speaker 1: it out. Just search Mark Moss on YouTube. But literally, um,
Speaker 1: I have you know, I'll get a thousand comments on
Speaker 1: a video for example. And I think they have some
Speaker 1: sort of like this boss has some sort of like
Speaker 1: script where they just probably put a button and it
Speaker 1: literally puts spam comments on every single comment that's there.
Speaker 1: And that cost them no money to do that. But
Speaker 1: for me, I have to pay a full time person,
Speaker 1: like a real person. I have to pay them full
Speaker 1: time just to sit there and go through and clean
Speaker 1: all the spam out of my comments. So it costs
Speaker 1: them nothing, but it costs me something. Now, what if um,
Speaker 1: these social media platforms, he said, hey, UM, in order
Speaker 1: to join, we don't, we don't what they're what what
Speaker 1: the mainstream is gonna want to do is make it
Speaker 1: where you can't use these platforms anonymously anymore. I don't
Speaker 1: like that. But what they could easily do is say, hey,
Speaker 1: you have to post up a bond. You have to
Speaker 1: put up a one dollar bond or a fifty cent bond,
Speaker 1: and if you, um, if you post spam, you lose
Speaker 1: your bond. Well just by having to put up that
Speaker 1: fifty cents. These spammers, these these scammers wouldn't be able
Speaker 1: to do that because now they will create that a
Speaker 1: million accounts, a million acounts fifty cents. It's too expensive.
Speaker 1: So these are things that can happen very quickly. As
Speaker 1: we start to see this happening more and more and more, UM,
Speaker 1: then we've also seen, you know, more and more of
Speaker 1: this lightning adoption happening. I just named one company, but
Speaker 1: it's happening really fast. As a matter of fact, um Block,
Speaker 1: which is the parent company of Square and cash app,
Speaker 1: they integrated lightning into their cash app and has seventy
Speaker 1: million users UM in l Salvador. They're using it an
Speaker 1: achiev a wallet. There's three or four million users. They're
Speaker 1: packs full companies about seven million users. Arcane Research put
Speaker 1: out a report saying that UM they see in the
Speaker 1: last two years Lightning users have gone from about a
Speaker 1: hundred thousand years to over eighty million potential users. Eighty
Speaker 1: million potential keyword potential. They have access to Lightning, doesn't
Speaker 1: mean they're necessarily using it yet, but we've seen that
Speaker 1: payment volume has increased by four hundred percent just between
Speaker 1: the first quarter and the first quarter of twin two.
Speaker 1: So in a year, four increase in a year. That's amazing. Now, UM,
Speaker 1: like I said, what you can do it through podcasts. Now,
Speaker 1: there are some podcast players. There's one called Fountaining UM sorry,
Speaker 1: Fountain is one called Lightning Video that are allowing UM
Speaker 1: to pay content creators for their work directly. There's games
Speaker 1: now that have Bitcoin rewards that get paid out over Lightning. UM.
Speaker 1: There's the Lightning enabled browser extensions that I'm talking about.
Speaker 1: Another one is called ALBI and you can have the
Speaker 1: bitcoin UM Lightning payments right in your browser payments. I'm sorry,
Speaker 1: in your browser. This is all happening. It's all happening
Speaker 1: really really quickly. So all those people say that bitcoin
Speaker 1: is too slow and too expensive, they haven't checked out
Speaker 1: any new since uh we have who is the number?
Speaker 1: It was too big? Oh, eighty million potentially eighty million
Speaker 1: potential users could be using this right now. There's no
Speaker 1: other cryptocurrency that has eighty million users that have the
Speaker 1: ability to use any of their stuff right now. It's
Speaker 1: pretty big. Lean. Listen to the Mark Ball Show if
Speaker 1: you're just tune in. We're talking about the decentralized revolution,
Speaker 1: how the world is changing through the lens of politics, finance,
Speaker 1: and technology. We're talking specifically about the technology that's being
Speaker 1: built out right now in the bear market that's changing
Speaker 1: the world. We be back with a lot more were
Speaker 1: in a minute when I come back. You don't want
Speaker 1: to miss it, so don't go away. I'll be right back. Hello.
Speaker 1: You're listening to the Mark Mass Show. Welcome back if
Speaker 1: you're just joining us. We're talking about the decentralized revolution eation.
Speaker 1: Every week, of course, we talked about that and we
Speaker 1: look at it through the lens of politics, finance, and technology,
Speaker 1: and we're looking at some of this latest breaking news
Speaker 1: so you can be up to date. We're talking about
Speaker 1: before the break how UM. People that say that, well
Speaker 1: two things. One, how we're in a bearer market and
Speaker 1: most investors run away in the bearer market. But the
Speaker 1: bearer markets are for building the bear markets. When you
Speaker 1: invest the bear markets when you create, when you build,
Speaker 1: that's how you have the best opportunity. We're also talking
Speaker 1: about how UM the latest breaking news shows that these
Speaker 1: people with these old arguments that bitcoin is too slow
Speaker 1: and too expensive just haven't looked at anything literally since
Speaker 1: we're talking about how with Bitcoin lightning and how all
Speaker 1: these people are building on Bitcoin Lightning and how it's
Speaker 1: enabling us to send bitcoin faster and cheaper, but also
Speaker 1: in new ways. We're talking about this creator economy things
Speaker 1: like that. But cash app this week came out out
Speaker 1: with some new announcements says that now users Cash app
Speaker 1: users which there's a lot of people, um can now
Speaker 1: send him receive bitcoin using the Lightning network. So again,
Speaker 1: now if you're using the cash app, you can send
Speaker 1: him receive bitcoin for free, nearly nearly free and instantaneous UM,
Speaker 1: which is a pretty big deal. It speeds up the
Speaker 1: bitcoin transactions and reduces costs by writing transactions through channels
Speaker 1: without needing to use the main bitcoin blockchain. So there
Speaker 1: is a trade off. If I was going to sell
Speaker 1: you a car for fifty tho dollars and you're gonna
Speaker 1: pay me in bitcoin, I'd probably want you to send
Speaker 1: that on the base settlement layer. Then if I have
Speaker 1: to wait ten or fifteen minutes for that to go through, whatever,
Speaker 1: no big deal. Able to do the paperwork, but I
Speaker 1: want to make sure that that final confirmation is that.
Speaker 1: I want to make sure that transaction is censorship resistant
Speaker 1: and immutable. Now, if I'm buying a cup of coffee
Speaker 1: for two or three bucks, or I'm a Starbucks for
Speaker 1: five bucks, I don't really care if that transactions uh
Speaker 1: censorship resistant, immutable for all attorney. So I'm happy to
Speaker 1: trade it off. I'm getting more speed and lower costs
Speaker 1: of the transaction for a cup of coffee, but I'm
Speaker 1: giving up some of the censorship resistance and mutability. But
Speaker 1: I don't really care about that because it's a couple
Speaker 1: of bucks. If it's a big transaction, I do care
Speaker 1: about it, then I'm gonna I'm gonna wait. And so
Speaker 1: now it's up to us as the users to decide
Speaker 1: how we want to do that. And cash app allows
Speaker 1: you to send bitcoin now on both the base base layer,
Speaker 1: so it's more secure, it takes longer, or we can
Speaker 1: stand over the lightning layer, which is faster, cheaper, but
Speaker 1: maybe we give up some of the security. And so
Speaker 1: you get to try, you get to decide, it says
Speaker 1: on from the cash a website. It says that with
Speaker 1: lightning there is typically little to no fees involved, little
Speaker 1: to no fees involved. However, it's for smaller amounts of
Speaker 1: bitcoin they're eliminating, eliminating it to just under a thousand dollars,
Speaker 1: just under a thousand dollars. But the cash app, uh,
Speaker 1: it's well, it's only available to the US and the
Speaker 1: UK right now, but they have over forty four million
Speaker 1: monthly users right now. That's how big and how fast
Speaker 1: this thing is taking off. Now. Another thing I want
Speaker 1: to talk about, Um, some news that I saw this
Speaker 1: week that came out is that you know a lot
Speaker 1: of people say that bitcoin is too correlated to the
Speaker 1: NASDAC right. Um, they say that it's it's too volatile. Um,
Speaker 1: and uh, Wall Street is taking it over because they
Speaker 1: took these big positions, and I would agree with that,
Speaker 1: and I would yeah, I mean, I guess I would
Speaker 1: agree with that, all right. So, um, Wall Street they
Speaker 1: love to trade, they love to manipulate, right, So they
Speaker 1: have big amounts of money, hundreds of billions of dollars,
Speaker 1: and they can push the prices of assets up and down,
Speaker 1: and they like to trade, and so um, they have
Speaker 1: taken bitcoin on as like a new trading toy. It's
Speaker 1: fun for them. And uh, it's super volatile, which they
Speaker 1: like because they can make profits up and down, and
Speaker 1: so they short it. It goes down the long and
Speaker 1: it goes up. But what we want as longer term
Speaker 1: investors is we're always trying to spot the mismatch between
Speaker 1: perception and reality because therein lies our edge, therein lays
Speaker 1: our opportunity. So while um, I don't want to say
Speaker 1: the world, while people in the United States look at
Speaker 1: bitcoin is too volatile, they look at us like a
Speaker 1: risk asset, as a Wall Street trading toy. And it
Speaker 1: sort of is that's the perception. The reality is that
Speaker 1: it's not. The reality is that's not what bitcoin is
Speaker 1: the reality for billions of people in the world living
Speaker 1: under very harsh authoritarian dictatorships UM with double or triple
Speaker 1: digit inflation, it's a life raft. So that's the difference
Speaker 1: of perception of reality. The perception is it looks like
Speaker 1: a Wall Street trading toy. The reality is that's not
Speaker 1: really what it is, and at some point that mismatch
Speaker 1: is going to swing back the other way. This week
Speaker 1: I saw an article it says that UM bitcoin is
Speaker 1: quote basically a savior in Turkey. So it says, in Turkey,
Speaker 1: crypto represents freedom from inflation, national currency and the constraints
Speaker 1: of corporate life. So in Turkey, if you're not aware UM,
Speaker 1: they have massive inflation. As a matter of fact, their dollar,
Speaker 1: the Turkish, the Turkish lira, the t r y Turkish
Speaker 1: later has fallen over eighty percent to the US dollar
Speaker 1: in the last five years, massive inflation. So it says
Speaker 1: it represents freedom from inflation. So if your currency is
Speaker 1: going to lose eighty percent of its purchasing power, what
Speaker 1: do you need to do? You need to get out
Speaker 1: of that currency before it loses all that value. If
Speaker 1: you're in a plane or you're in a ship going down,
Speaker 1: what are you gonna do. You're gonna get off of
Speaker 1: that ship, You're gonna try and get a lifeboat. So
Speaker 1: you've got a currency in Turkey that's losing that fast,
Speaker 1: you have to get out of it. Well, how can
Speaker 1: you do that? Well, that's where a bitcoin comes in
Speaker 1: and gives him this life raft. Now, um, it says that.
Speaker 1: So first of all, people say that bitcoins to volatile,
Speaker 1: it's lost too much value priced in dollars, But what
Speaker 1: if you're not priced in dollars, what if you're priced
Speaker 1: in Turkish lear that's going down. So, for example, I
Speaker 1: saw here, um, so I posted this on Twitter. Again,
Speaker 1: if you're not following me on Twitter, you should check
Speaker 1: me out there. I do a lot more play by
Speaker 1: play on a daily basis. You can follow me on
Speaker 1: Twitter or Instagram at one Mark Moss that's just the
Speaker 1: number one Mark Moss. Um. But I posted this on
Speaker 1: Twitter and I said, um, you know this perception versus
Speaker 1: reality kind of thing. And someone commented back and said, um,
Speaker 1: oh yeah, but you know it's it's too volatile and
Speaker 1: gold are much better you know, life raft, Gold's life
Speaker 1: better life draft um and I so I had to
Speaker 1: do a little bit of research. So I got the
Speaker 1: research for you here and um. In the last twenty
Speaker 1: four months Bitcoin priced in Turkish lira, not priced in dollars,
Speaker 1: but price in Turkish is up. Gold in the same
Speaker 1: period is up eight So gold has been a great
Speaker 1: life raft. Basically, instead of losing eight percent of your money,
Speaker 1: you're even. You didn't lose. That's good, it's good you
Speaker 1: didn't lose. You say it even congratulations. If you had
Speaker 1: bought bitcoin, not only did you not lose your up
Speaker 1: now you might say mark your cherry picking dates. Yes,
Speaker 1: I am, I am. We can sit here and look
Speaker 1: any dates you want. Do you want to look at
Speaker 1: five years, ten years, you want, look at one day,
Speaker 1: seven days. We can look at whatever time frame you want. Um.
Speaker 1: And if we look at seven days or seven weeks,
Speaker 1: or seven months or seven years, we're gona get different
Speaker 1: answers for all of those. The reason why I chose
Speaker 1: two years is two years is a pretty decent time frame, UM.
Speaker 1: I think when it comes to bitcoin, um, it's very
Speaker 1: volatile to be used on a daily basis, meaning the
Speaker 1: price goes up and down. You know, now lately it's
Speaker 1: been pretty dang stable, but the price does go up
Speaker 1: and down. And so if I was holding my life
Speaker 1: savings or all my money in bitcoin, and then I
Speaker 1: needed to pay my rent next month. It could be down, right,
Speaker 1: it could be down And so I think it works
Speaker 1: well um as a store of value. Right now, I
Speaker 1: think it's on its way too evolving too many of exchange.
Speaker 1: It works at the store of value now, store of
Speaker 1: value being like a long term store of value. Now, I,
Speaker 1: as an investor, think long term. I think in years,
Speaker 1: not days, weeks or months. I think it really started
Speaker 1: because I started as a real estate investor. In most
Speaker 1: of my real estate projects in beginning to take about
Speaker 1: a year. Then as I started getting bigger projects, they
Speaker 1: take like five years. So I started looking at things
Speaker 1: on like a five year time frames. So if you
Speaker 1: look at bitcoin over like a three year time frame, UM,
Speaker 1: I don't think there's ever been a three year time
Speaker 1: frame where bitcoin has been down. So I pulled a
Speaker 1: two year time frame. You can pull whatever time frame
Speaker 1: you want, um, but if you're looking at it over days, weeks,
Speaker 1: or months, you're not gonna make it. Um. You're you're
Speaker 1: listening to the Marketma show. We're talking about the decentralized revolution.
Speaker 1: We're talking about bitcoin, the technology, how it's faster, cheaper,
Speaker 1: and more private to send Bitcoin than any other cryptocurrency.
Speaker 1: How um eight eighty million users have access to do
Speaker 1: that right now, and how it's a life raft in Turkey.
Speaker 1: I got a lot more to cover when I come
Speaker 1: back in a minute. Um, we are going to talk
Speaker 1: about some other tech stuff that's happening. Big, big, big news.
Speaker 1: They're two big, two big piece of news. You don't
Speaker 1: want to miss. It'll be back in a minute. Don't
Speaker 1: go away, all right, welcome back. You are listening to
Speaker 1: the Mark Mo Show. We're talking about the decentralized revolution
Speaker 1: each and every week. Of course, the way the world's changing,
Speaker 1: and it's changing fast. Some goods, I'm bad depends on
Speaker 1: how you look at it and what you're looking at.
Speaker 1: I guess specifically, UM, but we're talking about um the
Speaker 1: technology piece today I look at I like to look
Speaker 1: at through the lens of all three things, politics, finance,
Speaker 1: and technology, specifically where those three things converge. So I
Speaker 1: don't they care about politics for politics sake. I care
Speaker 1: about politics insofar as it drives finance, and I care
Speaker 1: about finance as so much as you know it involves
Speaker 1: technology and and all that together. I like the convergence
Speaker 1: of those three things specifically, UM, and so we look
Speaker 1: at those. Um. Some big news came out this week
Speaker 1: though it was earnings week, meaning we already know that
Speaker 1: the stock markets are down. We're off to you know,
Speaker 1: one of the worst years for stocks and bonds than
Speaker 1: we've seen in history. And uh man, it has not
Speaker 1: been good for the text stocks specifically. And I think
Speaker 1: it's an interesting thing to look at if we want
Speaker 1: to look at kind of like I said, these, uh,
Speaker 1: the combination of politics, finance, and technology. As we look
Speaker 1: at this, the tech stocks are getting smashed, some of
Speaker 1: it because of their political leanings and some of it
Speaker 1: because the technological leanings. But leading the board here, I
Speaker 1: mean the company that just is getting just absolutely smash
Speaker 1: is uh the artist formerly known as Prince No, I'm kidding.
Speaker 1: The company formerly known as Facebook, now known known as
Speaker 1: Meta and Meta is just getting absolutely demolished. Um. You know,
Speaker 1: maybe for any number of reasons, maybe because of their
Speaker 1: political ideologies. Right. We've seen Mark Zuckerberg go on Joe
Speaker 1: Rogan and admit that, yes, because the government asked us to,
Speaker 1: we censored information that probably could have cost the Democrats
Speaker 1: an election. I mean he admitted it out of his
Speaker 1: own mouth. Maybe people are mad about that. Maybe it's
Speaker 1: because technology is changing. Maybe it's because um, he made
Speaker 1: a very bad bet. Um and he changed the name
Speaker 1: of the company from Facebook to Meta basically betting on
Speaker 1: the metaverse. So they're trying to capture on this cryptocurrency hype. Obviously,
Speaker 1: Bitcoin is the big technological revolution is changing the world,
Speaker 1: and we have lots of little spinoffs of this, and
Speaker 1: one of these is this cryptocurrency little niche called the metaverse,
Speaker 1: and um he positioned his whole company for that and
Speaker 1: has lost billions, hundreds of billions of dollars because of that.
Speaker 1: Bad bad choices, maybe political leans, maybe it was because
Speaker 1: of bad choices, investment choices. Um maybe it was because
Speaker 1: of other bad choices such as buying their stock back.
Speaker 1: But never mind that. We can see that they have
Speaker 1: gotten completely torched. As a matter of fact, when they're
Speaker 1: stock came out, it dropped, I'm sorry. When the earnings
Speaker 1: were working out this week, they've lost twenty in after hours.
Speaker 1: Looking at the daily chart, you can see that they've
Speaker 1: lost seven years of price growth, seven years. They're all
Speaker 1: the way back to where they were in so seven
Speaker 1: years of the biggest bull market in history, with tens
Speaker 1: of trillions of dollars of federal money propping up equities,
Speaker 1: all gone, all for nothing. That's what Facebook has done,
Speaker 1: or I should say, Meta sorry, they've They've lost about
Speaker 1: seventy five of its value, which is unbelievable. Now. One
Speaker 1: of the best reverse indicators, meaning when they say by
Speaker 1: you sell. One of the most reliable, one of the
Speaker 1: best indicators we have for the stock market is Jim
Speaker 1: Kramer when he says to buy, you sell when he
Speaker 1: says to sell you by and I mean it like
Speaker 1: I think, like a accuracy. I mean maybe it's like
Speaker 1: I don't know. And he came out on October and
Speaker 1: tweeted the lack of respect from Meta is incredible, meaning
Speaker 1: that the price was selling off and why would people
Speaker 1: do that? And people should buy there was October, which
Speaker 1: that is the kiss of death. As I said, if
Speaker 1: he comes out and says that, that means you do
Speaker 1: the opposite. And that's exactly what happened with Meta. As
Speaker 1: a matter of fact, if we look at where are
Speaker 1: we here the twenty fourth, if you would have listened
Speaker 1: to Jim Kramer and bought on that day, you'd be
Speaker 1: down right now. And for the first time ever, I
Speaker 1: saw Jim Kramer actually come out and make a formal apology.
Speaker 1: I think this reverse indicator is getting to him. He's
Speaker 1: finally had to come out and make an apology, which
Speaker 1: should have done a long time. But what he shouldn't
Speaker 1: do is he should stop telling people to buy and sell.
Speaker 1: He should probably just hang up his hat and realize
Speaker 1: he's the absolute worst. Well I had to say the
Speaker 1: worst in the world, but he's certainly the worst in
Speaker 1: known media. Like I said, his indicators like near perfect.
Speaker 1: Now on top of that, Meta has completely screwed up
Speaker 1: UM since night. Until corporations were not as in like illegal,
Speaker 1: they were not allowed to buy their own stock back.
Speaker 1: But then the rules changed and then companies started buying
Speaker 1: their stocks. And part of the reason why is because
Speaker 1: what happened is I believe it was under President Bill Clinton. Um.
Speaker 1: They said that companies, when they pay their employees, that's
Speaker 1: tax deductible. Right, that's an expense. When I pay my employees,
Speaker 1: that's an expense. I have to pay tax on that money.
Speaker 1: But they said that you can't pay a CEO over
Speaker 1: a million dollars or any anything over a million dollars
Speaker 1: is not tax deductible. So they make one stupid law
Speaker 1: and it creates even bigger problems. And so what happened
Speaker 1: is corporation stead fine, then we won't pay them over
Speaker 1: a million dollars. What we'll do is we'll give them
Speaker 1: stock instead. And because now CEOs were incentivized with stocks,
Speaker 1: what do you think their main priority was to get
Speaker 1: the price of the stock up. And so they do
Speaker 1: anything they can to get the price of the stock up,
Speaker 1: even if it's for short term gains at long term
Speaker 1: expense of the company. So they start thinking very short
Speaker 1: term about what they're doing with the company just to
Speaker 1: get the price of the stock ups. They can cash out.
Speaker 1: Who cares if it ruins the company down the road.
Speaker 1: One of those things was buying back stock. When they
Speaker 1: take stock off the market, it pushes the price up.
Speaker 1: We see that Meta Facebook had spent just since July
Speaker 1: of two thousand one, spent fifty billion dollars. That's b
Speaker 1: would be fifty billion in cash money in the bank
Speaker 1: their cash. Meta spent fifty billion in cash to buy
Speaker 1: up their stock at a price of over three hundred dollars. Today,
Speaker 1: the price of the stock is under one hundred dollars
Speaker 1: that means they've lost about one third of their fifty
Speaker 1: billion dollars in cash, or they've torched lit on are
Speaker 1: thirty two billion dollars? Mm hmmm, pretty bad, Pretty bad,
Speaker 1: Pretty bad choice. Now. I talked about that because I
Speaker 1: want to highlight it in contrast to something else. In
Speaker 1: contrast to something else, Elon Musk has agreed to buy Twitter,
Speaker 1: And as a matter of fact, it looked like the
Speaker 1: deal wasn't gonna go through, and now it looks like
Speaker 1: this week it should go through. He should take control
Speaker 1: of the board this week. Now there's lots of stuff
Speaker 1: going on about this. How dare he As a matter
Speaker 1: of fact, now the government wants to open up investigations
Speaker 1: into him. Uh is there anything they can do to
Speaker 1: block this? How dare he buy this platform because he
Speaker 1: wants to have free speech? How dare he? M They
Speaker 1: said that they're losing control of the narrative management tool
Speaker 1: known as Twitter. Um Bloomberg ran article saying, quote, there's
Speaker 1: no commercial viability for a network that doesn't have some
Speaker 1: level of content moderation. And Twitter is already struggling with
Speaker 1: losing its most active users. So in deciding how to
Speaker 1: free Musk wants speech to be he may have alien
Speaker 1: users to get there. Well, it's funny because he says
Speaker 1: he wants to create free speech. He says that it's
Speaker 1: important to the future of civilization to have a common
Speaker 1: digital town square. He says there's currently greater danger that
Speaker 1: social media will splinter into far right and far left
Speaker 1: echo chambers that generate hate and divide our society. And
Speaker 1: he says that he wants to have a place that
Speaker 1: is open, available for everyone to have dialogue. Doesn't sound
Speaker 1: so bad to me, And I say that because Twitter
Speaker 1: stock prices up thirty one per cent since his announcement.
Speaker 1: At the same time, since the announcement, met us down
Speaker 1: and Googles down, Facebook and Google censoring, They're down Twitter.
Speaker 1: Free speech is up, and that is the decentralized revolution
Speaker 1: we're talking about. You listen to the Mark Moa show.
Speaker 1: Hopefully enjoyed that. Thanks for us a name