1 00:00:00,040 --> 00:00:02,360 Speaker 1: Hello, and welcome to another episode of The Mark Mo Show, 2 00:00:02,360 --> 00:00:05,640 Speaker 1: where we talk about bitcoin. We talk about the decentralized 3 00:00:05,640 --> 00:00:07,640 Speaker 1: revolution that the world is going through, and we look 4 00:00:07,680 --> 00:00:10,360 Speaker 1: at it through the lens of things that we can observe, 5 00:00:10,440 --> 00:00:14,000 Speaker 1: like politics, finance, technology, And there's no shortage of things 6 00:00:14,040 --> 00:00:16,560 Speaker 1: to be talking about, that's for sure. Right now. The 7 00:00:16,640 --> 00:00:19,400 Speaker 1: world is rapidly changing. I am joined in the studio 8 00:00:19,560 --> 00:00:22,680 Speaker 1: by a good friend today, Jessica. You can find her 9 00:00:22,720 --> 00:00:27,080 Speaker 1: on Twitter at Jessica Hoddler h O d l R 10 00:00:27,640 --> 00:00:29,360 Speaker 1: if you want to give her a follow and and 11 00:00:29,400 --> 00:00:32,240 Speaker 1: say what's up. But Jessica, thanks for joining me today. Well, 12 00:00:32,240 --> 00:00:34,199 Speaker 1: thanks so much for having me. I'm really excited to 13 00:00:34,200 --> 00:00:37,960 Speaker 1: be here. So we have been having some technical difficulties 14 00:00:37,960 --> 00:00:39,800 Speaker 1: here in the studio. We'll go ahead and just tell you, guys, 15 00:00:39,840 --> 00:00:42,320 Speaker 1: because we're both a little bit frazzled here. I've been 16 00:00:42,400 --> 00:00:45,879 Speaker 1: running around like crazy making making videos. I've weady done 17 00:00:45,920 --> 00:00:48,160 Speaker 1: several hours of content today and I got several more 18 00:00:48,240 --> 00:00:51,960 Speaker 1: hours to go with technical difficulties in the studio. Couldn't 19 00:00:51,960 --> 00:00:54,440 Speaker 1: get the cameras up and running, and Jessica even and 20 00:00:54,560 --> 00:00:57,240 Speaker 1: Jessica and I even had to start recording and it 21 00:00:57,280 --> 00:01:00,480 Speaker 1: wasn't recording that we're starting over. So uh oh man, 22 00:01:00,640 --> 00:01:02,640 Speaker 1: the joy of the joy of doing this. But you know, 23 00:01:03,320 --> 00:01:07,800 Speaker 1: I remember, um, I've been I've been making contents, specifically, 24 00:01:07,880 --> 00:01:10,680 Speaker 1: like for video content. I started my YouTube channel in 25 00:01:10,720 --> 00:01:13,760 Speaker 1: a two thousand and eighteen and so bitcoin had topped 26 00:01:13,760 --> 00:01:17,280 Speaker 1: out in two thousand seventeen, um, and then it crashed 27 00:01:17,319 --> 00:01:22,040 Speaker 1: famously from almost twenty thousand nineteen thousand and change, um, 28 00:01:22,080 --> 00:01:24,640 Speaker 1: and then you know, January eighteen and on and on 29 00:01:24,680 --> 00:01:28,119 Speaker 1: and I went down. I actually started writing a cryptocurrency 30 00:01:28,200 --> 00:01:31,160 Speaker 1: research newsletter in twenty sixteen, so I was already researching 31 00:01:31,160 --> 00:01:32,960 Speaker 1: and writing it, but I didn't start doing like content 32 00:01:33,640 --> 00:01:37,480 Speaker 1: on YouTube until and then. And then through that year 33 00:01:37,520 --> 00:01:40,679 Speaker 1: of eighteen, um, you know, January was coming down in 34 00:01:40,720 --> 00:01:42,760 Speaker 1: February and March, and we kept thinking it's gonna go 35 00:01:42,800 --> 00:01:44,760 Speaker 1: back up, It's gonna go back up. There's still like 36 00:01:44,800 --> 00:01:49,480 Speaker 1: a lot of excitement because seventeen were so amazing, um, 37 00:01:49,520 --> 00:01:51,960 Speaker 1: But by the end of eighteen, it was like, oh 38 00:01:52,040 --> 00:01:53,600 Speaker 1: my gosh, like I don't know if this is ever 39 00:01:53,640 --> 00:01:55,720 Speaker 1: coming back. And then we go into like twenty nineteen, 40 00:01:55,880 --> 00:01:57,560 Speaker 1: and now we have like a year, year and a 41 00:01:57,560 --> 00:02:00,160 Speaker 1: half of this, and it got to a point where 42 00:02:00,200 --> 00:02:03,320 Speaker 1: I was like, on YouTube, I'm like, what the heck 43 00:02:03,360 --> 00:02:05,680 Speaker 1: am I even going to talk about? Like there's like 44 00:02:06,000 --> 00:02:08,760 Speaker 1: nothing going on. It's like completely dead, and I was 45 00:02:08,800 --> 00:02:11,240 Speaker 1: like searching for topics. But yet now here we are, 46 00:02:11,560 --> 00:02:14,359 Speaker 1: and it's like I'm making like multiple videos a day. 47 00:02:14,400 --> 00:02:19,320 Speaker 1: I mean, it's insane. And then yeah, being busy, it's 48 00:02:19,360 --> 00:02:21,960 Speaker 1: definitely not a bad thing, that's for sure. Yeah, but 49 00:02:21,960 --> 00:02:23,919 Speaker 1: I'm just talking about with just the amount of content 50 00:02:23,960 --> 00:02:25,800 Speaker 1: to cover, I mean, to stay on top of what's 51 00:02:25,800 --> 00:02:28,200 Speaker 1: going on, it's like a full time job right now 52 00:02:28,200 --> 00:02:31,680 Speaker 1: because it's all moving so fast. Yeah, it's absolutely insane. 53 00:02:31,680 --> 00:02:35,880 Speaker 1: What's going on. Um. The one thing I've been seeing is, uh, 54 00:02:36,040 --> 00:02:39,560 Speaker 1: the all the markets are melting down, of course right um, 55 00:02:39,600 --> 00:02:43,760 Speaker 1: but the cryptocurrency space, the bitcoin spaces, is not immune 56 00:02:43,800 --> 00:02:48,359 Speaker 1: to that. When we did our fake attempt at recording before, 57 00:02:48,400 --> 00:02:50,280 Speaker 1: you were just talking about before I cut you off, 58 00:02:50,320 --> 00:02:52,520 Speaker 1: how you were in a on a session I think 59 00:02:52,560 --> 00:02:55,560 Speaker 1: with BTC sessions, which shout out to BTC sessions. By 60 00:02:55,600 --> 00:02:58,120 Speaker 1: the way, if you want to learn how to uh 61 00:02:58,320 --> 00:03:00,440 Speaker 1: learn more about the technical side of big coin, like 62 00:03:00,480 --> 00:03:02,640 Speaker 1: how to use you know, your own self storage your 63 00:03:02,639 --> 00:03:05,919 Speaker 1: own cold storage, um, your own bitcoin note. Things like that. 64 00:03:06,080 --> 00:03:08,280 Speaker 1: No better follow than BTC sessions. You can check them 65 00:03:08,320 --> 00:03:11,280 Speaker 1: out on YouTube. But anyway, so you're talking about how 66 00:03:11,560 --> 00:03:12,959 Speaker 1: you were on a sessions with him, and you guys 67 00:03:13,000 --> 00:03:17,560 Speaker 1: were all kind of um enjoying. I guess is that 68 00:03:17,600 --> 00:03:21,200 Speaker 1: the word you were enjoying Watching the price of bitcoin crash. Well, 69 00:03:21,280 --> 00:03:23,600 Speaker 1: so it hadn't gone down to twenty two and twenty 70 00:03:23,680 --> 00:03:26,640 Speaker 1: one yet, so we were saying like, oh, you know, 71 00:03:27,040 --> 00:03:29,080 Speaker 1: we need to we need to see it going lower, 72 00:03:29,160 --> 00:03:31,600 Speaker 1: We need to see more blood in the streets. Maybe, 73 00:03:31,760 --> 00:03:34,040 Speaker 1: you know, people need to get wrecked in order to 74 00:03:34,080 --> 00:03:37,840 Speaker 1: understand like what the Bitcoin Maxi's are saying, Um, because 75 00:03:37,840 --> 00:03:41,600 Speaker 1: we're so toxic, you know. Um, And then it came down. 76 00:03:42,800 --> 00:03:47,040 Speaker 1: But from that standpoint, um, the crypto people need to 77 00:03:47,080 --> 00:03:49,200 Speaker 1: get wrecked a little bit to get to see kind 78 00:03:49,200 --> 00:03:53,680 Speaker 1: of the Bitcoin maxi viewpoint. But Bitcoin Maxi's are down 79 00:03:54,800 --> 00:03:57,720 Speaker 1: as well, so aren't Bitcoin Maxi's getting wrecked just like 80 00:03:57,760 --> 00:04:03,400 Speaker 1: the crypto bros? I mean, for me, this is an 81 00:04:03,400 --> 00:04:06,760 Speaker 1: incredible buying opportunity. Um, I think this is once in 82 00:04:06,760 --> 00:04:13,440 Speaker 1: a lifetime since especially since we reached sixty nine, all 83 00:04:13,680 --> 00:04:17,800 Speaker 1: almost seventy and now we're down to one. Uh and 84 00:04:17,880 --> 00:04:19,919 Speaker 1: this is the time where you can stacks at build 85 00:04:19,920 --> 00:04:24,600 Speaker 1: generational wealth at a discount. When did you start buying 86 00:04:24,680 --> 00:04:28,520 Speaker 1: and really getting involved and paying attention. So it was 87 00:04:30,680 --> 00:04:34,080 Speaker 1: and it was just me. I talked to my friends 88 00:04:34,120 --> 00:04:37,400 Speaker 1: about it, and they'd be like, what you're insane? Um. 89 00:04:37,480 --> 00:04:40,400 Speaker 1: And for me, I mean it was just okay, like 90 00:04:40,760 --> 00:04:43,320 Speaker 1: I'm just gonna buy some and hold it and I'm 91 00:04:43,360 --> 00:04:44,960 Speaker 1: never gonna sell. And this is before I was even 92 00:04:45,040 --> 00:04:48,039 Speaker 1: on Twitter, like seeing the never sell diamond hands and 93 00:04:48,040 --> 00:04:51,039 Speaker 1: all that stuff. Um. And then I saw that it 94 00:04:51,160 --> 00:04:57,200 Speaker 1: hit like two seen and then I didn't pay attention 95 00:04:57,240 --> 00:04:59,680 Speaker 1: to the price. And then when I got onto Twitter, 96 00:04:59,800 --> 00:05:05,159 Speaker 1: and that's when I like really started paying attention, you know, 97 00:05:05,240 --> 00:05:09,600 Speaker 1: joining the community and stuff. Yeah, so then you Um, 98 00:05:09,640 --> 00:05:11,840 Speaker 1: I was looking at this report here of the seven 99 00:05:11,880 --> 00:05:16,880 Speaker 1: biggest draw downs in bitcoins history, which in June June, um, 100 00:05:16,880 --> 00:05:18,480 Speaker 1: that was a big one, but that was like when 101 00:05:18,480 --> 00:05:21,120 Speaker 1: it had just got started, mout cox Feld, so they 102 00:05:21,200 --> 00:05:23,120 Speaker 1: kind of take that one out. It's like an outlier. 103 00:05:23,480 --> 00:05:27,680 Speaker 1: In twelve we saw drop fifty we saw dropped eighty 104 00:05:27,839 --> 00:05:30,120 Speaker 1: three percent, So that was no joke. So that was 105 00:05:30,480 --> 00:05:32,360 Speaker 1: right around the time it was on my radar and 106 00:05:32,400 --> 00:05:35,800 Speaker 1: I was gonna buy in and it was going up, up, up, up, 107 00:05:35,880 --> 00:05:39,560 Speaker 1: up up, and then it crashed UM, and then I 108 00:05:39,600 --> 00:05:43,200 Speaker 1: decided not to buy. I didn't get until UM and 109 00:05:43,240 --> 00:05:47,760 Speaker 1: so then UM we have December UM through to December, 110 00:05:48,279 --> 00:05:51,040 Speaker 1: which we were talking about before UM it dropped eight FO. 111 00:05:51,560 --> 00:05:53,840 Speaker 1: So you you got in early. You saw I go 112 00:05:54,000 --> 00:05:55,880 Speaker 1: from I don't know, sixteen I don't know if it 113 00:05:55,920 --> 00:05:58,279 Speaker 1: was five bucks probably something like that. I'm just guessing 114 00:05:58,880 --> 00:06:02,279 Speaker 1: up to twenty thousand, and he felt really rich. And 115 00:06:02,320 --> 00:06:07,159 Speaker 1: then you watched it go down all the way down 116 00:06:07,240 --> 00:06:10,200 Speaker 1: to wherever it ended up dropping down, I don't know, 117 00:06:10,240 --> 00:06:12,320 Speaker 1: around four or five thousand or six thousand dollars something 118 00:06:12,400 --> 00:06:15,920 Speaker 1: like that. How was that give give give us, give 119 00:06:16,000 --> 00:06:18,080 Speaker 1: us some, give us, some war stories or some what What 120 00:06:18,000 --> 00:06:23,400 Speaker 1: What was going through your mind? Honestly, it was just 121 00:06:23,480 --> 00:06:25,680 Speaker 1: literally just me and my mom talking about it, and 122 00:06:25,720 --> 00:06:27,640 Speaker 1: we were just we would just say to each other, Okay, 123 00:06:27,680 --> 00:06:29,480 Speaker 1: like it doesn't matter, We're just going to hold on 124 00:06:29,520 --> 00:06:33,120 Speaker 1: to it, like we know this is life changing UM 125 00:06:33,279 --> 00:06:37,080 Speaker 1: digital gold money UM. And really at that point what 126 00:06:37,160 --> 00:06:38,480 Speaker 1: kept us in the game was like, we know this 127 00:06:38,520 --> 00:06:40,640 Speaker 1: is freedom money. We know this is going to change 128 00:06:40,680 --> 00:06:42,800 Speaker 1: the world, this is going to change people's lives. And 129 00:06:42,880 --> 00:06:45,000 Speaker 1: so we would literally just say to each other, we're 130 00:06:45,040 --> 00:06:49,160 Speaker 1: never selling. So you really thought that back then you 131 00:06:49,160 --> 00:06:53,800 Speaker 1: were that you had that much conviction. Wow, that's for sure. 132 00:06:55,040 --> 00:06:59,200 Speaker 1: I would. I'll admit. When I started buying, I was 133 00:07:00,720 --> 00:07:02,400 Speaker 1: looking for a way to get money out of the 134 00:07:02,480 --> 00:07:05,280 Speaker 1: United States banking system. So I was working on going 135 00:07:05,360 --> 00:07:07,559 Speaker 1: into Panama and setting up a trust and Panama, putting 136 00:07:07,560 --> 00:07:10,240 Speaker 1: money in the Panama and panamoney and bank um if 137 00:07:10,280 --> 00:07:13,080 Speaker 1: that's the right word, Panamanian bank. And I was doing 138 00:07:13,120 --> 00:07:14,960 Speaker 1: that so I could get residency and work on a 139 00:07:14,960 --> 00:07:17,120 Speaker 1: way to citizenship, which I know you help people with 140 00:07:17,680 --> 00:07:19,480 Speaker 1: um and so I just but then I looked at 141 00:07:19,520 --> 00:07:21,240 Speaker 1: bitcoin again. I was like, that's kind of same thing. 142 00:07:21,280 --> 00:07:23,240 Speaker 1: I can get money out of the bank um. And 143 00:07:23,240 --> 00:07:27,160 Speaker 1: then I started, I started buying it. And then as 144 00:07:27,160 --> 00:07:29,320 Speaker 1: I started learning more I did. I was like, this 145 00:07:29,360 --> 00:07:31,560 Speaker 1: is this is a tool, this is how we can win, 146 00:07:31,640 --> 00:07:33,680 Speaker 1: this is how we can defeat the Federal Reserve, you know, 147 00:07:33,680 --> 00:07:36,320 Speaker 1: get rid of this money printer cartel that they have. 148 00:07:37,520 --> 00:07:39,280 Speaker 1: And so I gotta tell everybody I know about it, 149 00:07:39,480 --> 00:07:41,840 Speaker 1: and I did um, and so I haven't haven't shut 150 00:07:41,960 --> 00:07:44,720 Speaker 1: up since here I am still talking about it. But then, 151 00:07:44,920 --> 00:07:48,360 Speaker 1: you know, I admit, righteen, I got into the crypto 152 00:07:49,120 --> 00:07:53,600 Speaker 1: space and I fell into the you know, it's not bitcoin, 153 00:07:53,680 --> 00:07:58,400 Speaker 1: it's blockchain, I'll admit um. And so in ten I 154 00:07:58,440 --> 00:08:01,200 Speaker 1: think by the end of it was already starting to 155 00:08:01,280 --> 00:08:04,160 Speaker 1: kind of be clear that bitcoin was definitely breaking out 156 00:08:04,680 --> 00:08:08,960 Speaker 1: um from the rest of the crypto space. UM. I 157 00:08:09,000 --> 00:08:11,320 Speaker 1: can't remember if I was all in like you where 158 00:08:11,320 --> 00:08:13,760 Speaker 1: I was like this for sure is going to be 159 00:08:13,960 --> 00:08:18,920 Speaker 1: life changing or not. UM, But I guess I was 160 00:08:18,960 --> 00:08:23,080 Speaker 1: because I never sold. I've never really I traded a 161 00:08:23,080 --> 00:08:25,200 Speaker 1: bunch of way, you know, through the through through my 162 00:08:25,200 --> 00:08:27,840 Speaker 1: crypto phase, and I wish, I wish I could wish 163 00:08:27,840 --> 00:08:29,160 Speaker 1: I could go back and get a redo on that, 164 00:08:29,200 --> 00:08:31,680 Speaker 1: but I can't. UM. But you know, other than that, 165 00:08:31,720 --> 00:08:36,679 Speaker 1: I never sold anything. Yeah. Honestly, I think what kept 166 00:08:36,720 --> 00:08:41,800 Speaker 1: me from getting into the whole coinery stuff was because 167 00:08:42,000 --> 00:08:45,320 Speaker 1: when it popped, I was in college, so I didn't 168 00:08:45,320 --> 00:08:48,880 Speaker 1: even have time to like look at anything else, so 169 00:08:49,679 --> 00:08:53,840 Speaker 1: that you were distracted by the way you're listening to 170 00:08:53,880 --> 00:08:56,719 Speaker 1: the Mark Moa show, we are talking about bitcoin, We're 171 00:08:56,720 --> 00:09:00,199 Speaker 1: talking about cryptocurrencies. We're talking about the decentralized revolution. I'm 172 00:09:00,200 --> 00:09:02,560 Speaker 1: in the studio with a good friend, Jessica. You can 173 00:09:02,600 --> 00:09:05,840 Speaker 1: find her on Twitter at Jessica Hoddler. That's h O 174 00:09:05,960 --> 00:09:09,280 Speaker 1: d l R. We got a lot more to talk about, 175 00:09:09,520 --> 00:09:11,839 Speaker 1: talking about some of these big drawdowns in bitcoin's history 176 00:09:11,920 --> 00:09:14,319 Speaker 1: and some other big breaking news when we get back. 177 00:09:14,600 --> 00:09:16,960 Speaker 1: We'll be back in just a minute, so don't go away, 178 00:09:17,600 --> 00:09:19,439 Speaker 1: all right, Welcome back. You are listening to the Mark 179 00:09:19,520 --> 00:09:21,520 Speaker 1: Moa Show, and we are talking about bitcoin. We're talking 180 00:09:21,520 --> 00:09:25,080 Speaker 1: about the decentralized revolution that we are witnessing right now, 181 00:09:25,240 --> 00:09:29,360 Speaker 1: and uh more specifically talking about the meltdown that's happening 182 00:09:29,440 --> 00:09:32,440 Speaker 1: in the UM overall markets and of course in the 183 00:09:32,480 --> 00:09:34,680 Speaker 1: cryptocurrency on bitcoin space. I'm in the studio with a 184 00:09:34,679 --> 00:09:36,960 Speaker 1: good friend Jessica. You can find her on Twitter at 185 00:09:37,080 --> 00:09:40,280 Speaker 1: Jessica Hoddler. And before the break, we were talking about 186 00:09:40,679 --> 00:09:44,600 Speaker 1: UM our experience of going through UM. The last time 187 00:09:44,600 --> 00:09:46,719 Speaker 1: that we saw bitcoin breakdown in a big way. We're 188 00:09:46,720 --> 00:09:50,840 Speaker 1: talking about back in two thousand seventeen. We're actually really 189 00:09:50,840 --> 00:09:54,360 Speaker 1: into into two thousand eighteen. UM. It crashed at a 190 00:09:54,559 --> 00:09:57,680 Speaker 1: high end December seventeen, and I was kind of given 191 00:09:57,679 --> 00:10:00,920 Speaker 1: my perspective. And before the break, Jessica was saying, how, um, 192 00:10:00,960 --> 00:10:03,520 Speaker 1: she didn't really transition from bitcoin into the rest of 193 00:10:03,520 --> 00:10:06,559 Speaker 1: the crypto space because she was so busy with college 194 00:10:06,559 --> 00:10:08,079 Speaker 1: she never got a chance to. I think that was 195 00:10:08,120 --> 00:10:13,960 Speaker 1: about right. Yep, that's exactly what happened. Well, being busy 196 00:10:14,080 --> 00:10:16,240 Speaker 1: was good for you, I suppose, because like I said, 197 00:10:16,800 --> 00:10:19,800 Speaker 1: I probably I traded away so much bitcoin chasing all 198 00:10:19,840 --> 00:10:22,760 Speaker 1: these other ald coins, and I did good with them. Um. 199 00:10:22,800 --> 00:10:25,360 Speaker 1: But you know, overall, if I could have a redo, 200 00:10:25,400 --> 00:10:27,319 Speaker 1: I would just go back and just keep the bitcoin 201 00:10:27,400 --> 00:10:29,240 Speaker 1: that I originally bought it. And if I would have 202 00:10:29,280 --> 00:10:31,640 Speaker 1: done that, i'd been in such a better place. Of course, 203 00:10:31,679 --> 00:10:34,360 Speaker 1: we don't get redus in life, unfortunately, but what we 204 00:10:34,400 --> 00:10:37,160 Speaker 1: can do well we can do, though, is make sure 205 00:10:37,200 --> 00:10:40,079 Speaker 1: we don't make the same mistakes twice. And so that's 206 00:10:40,120 --> 00:10:42,960 Speaker 1: what I do. UM. So we had that one in 207 00:10:42,960 --> 00:10:50,080 Speaker 1: December seventy was draw down. March that was the you know, 208 00:10:50,080 --> 00:10:53,600 Speaker 1: when the whole world got locked down. It fell fifty percent, 209 00:10:54,559 --> 00:10:58,840 Speaker 1: and then May one it fell fifty three percent. Um, 210 00:10:58,920 --> 00:11:02,839 Speaker 1: and now here we are down about sevent So UM. 211 00:11:02,880 --> 00:11:04,960 Speaker 1: You've been through one both of us have been through 212 00:11:05,040 --> 00:11:10,160 Speaker 1: one draw down right now, we're sitting at about um, 213 00:11:10,200 --> 00:11:13,800 Speaker 1: I don't know at the time of this is today 214 00:11:13,880 --> 00:11:16,440 Speaker 1: right now, which is about a seventy percent draw down 215 00:11:16,480 --> 00:11:23,400 Speaker 1: from its high. Yeah, that's exactly what it is. Yeah. Um. 216 00:11:23,480 --> 00:11:25,560 Speaker 1: And so you know, if if it were to go 217 00:11:25,679 --> 00:11:28,640 Speaker 1: down to it's it's it's worst a previous drop, which 218 00:11:28,679 --> 00:11:32,720 Speaker 1: is that would bring it down to about ten thousand, 219 00:11:33,040 --> 00:11:36,560 Speaker 1: are you prepared for that? Oh my gosh, that would 220 00:11:36,600 --> 00:11:44,760 Speaker 1: be insane. And I mean that it's just an incredible opportunity. Yeah. 221 00:11:44,840 --> 00:11:48,760 Speaker 1: I remember. Um, I remember March pretty vividly. Obviously it 222 00:11:48,760 --> 00:11:51,360 Speaker 1: wasn't that long ago, twenty years, two years ago, and 223 00:11:51,400 --> 00:11:55,160 Speaker 1: I remember like seeing the entire I've been waiting for 224 00:11:55,200 --> 00:11:57,600 Speaker 1: the financial markets to crash for a long time and 225 00:11:57,640 --> 00:12:01,480 Speaker 1: so um, it's like this confirmation bias, I suppose. And 226 00:12:01,520 --> 00:12:03,839 Speaker 1: when it all started falling apart in March, I was like, 227 00:12:03,920 --> 00:12:06,320 Speaker 1: this is it. It's over, like the whole not just Bitcoin, 228 00:12:06,360 --> 00:12:08,560 Speaker 1: but the entire financial markets, Like it's it's going down there, 229 00:12:08,559 --> 00:12:12,000 Speaker 1: locking down the world, the markets can't take this, etcetera. 230 00:12:12,360 --> 00:12:16,600 Speaker 1: And I remember watching bitcoin plunge and uh drop and 231 00:12:16,600 --> 00:12:18,360 Speaker 1: it was like four thousand I think it went all 232 00:12:18,360 --> 00:12:21,160 Speaker 1: the way like thirty and I was literally watching Trading 233 00:12:21,240 --> 00:12:23,200 Speaker 1: View at the time watching it go down. I can 234 00:12:23,240 --> 00:12:27,440 Speaker 1: remember exactly like where I was sitting and everything, and uh, 235 00:12:27,920 --> 00:12:30,199 Speaker 1: it was pretty scary. I'm gonna be honest. I didn't 236 00:12:30,240 --> 00:12:32,559 Speaker 1: back up the truck and start buying. I I think 237 00:12:32,600 --> 00:12:35,520 Speaker 1: I started buying at maybe as it was coming back up, 238 00:12:35,559 --> 00:12:39,480 Speaker 1: but like maybe forty five or five thousand is something 239 00:12:39,520 --> 00:12:43,600 Speaker 1: like that. I don't know. I remember being pretty dang scared. Yeah, no, 240 00:12:43,720 --> 00:12:46,000 Speaker 1: for sure, And I mean it's definitely not for the 241 00:12:46,120 --> 00:12:50,640 Speaker 1: faint of heart. Um, But I mean once you once 242 00:12:50,679 --> 00:12:55,559 Speaker 1: you read and understand and see and what it can 243 00:12:55,640 --> 00:12:58,240 Speaker 1: provide the world with, I mean it's it's kind of 244 00:12:58,240 --> 00:13:03,360 Speaker 1: hard to ignore. Yeah, but I mean, uh, it's it's 245 00:13:03,360 --> 00:13:06,760 Speaker 1: impossible to ignore the benefits that it's bringing to the 246 00:13:06,760 --> 00:13:08,800 Speaker 1: world if you spend the time to look at it. Right. So, 247 00:13:08,800 --> 00:13:11,200 Speaker 1: there's still so many people that say, um, there's no 248 00:13:11,320 --> 00:13:15,400 Speaker 1: use case, which is just absolutely insane. I suppose if 249 00:13:15,400 --> 00:13:17,680 Speaker 1: all you've if you've never left the United States in 250 00:13:17,679 --> 00:13:20,280 Speaker 1: your life and you're ordering eight dollar Latte's, you might 251 00:13:20,320 --> 00:13:22,720 Speaker 1: have that viewpoint. But if you've ever been outside the 252 00:13:22,760 --> 00:13:26,000 Speaker 1: United states. To think that there's no use case at all, 253 00:13:26,080 --> 00:13:30,200 Speaker 1: it's just insane, wouldn't you think, Oh no, absolutely, Um, 254 00:13:30,280 --> 00:13:31,880 Speaker 1: you would have to be living under a rock to 255 00:13:31,960 --> 00:13:34,880 Speaker 1: think it has no use case. Yeah, what what would 256 00:13:34,880 --> 00:13:36,600 Speaker 1: you say? Some of the biggest use cases are that 257 00:13:36,640 --> 00:13:41,320 Speaker 1: you see that that really proved how valuable it is. UM. 258 00:13:41,360 --> 00:13:44,840 Speaker 1: I mean, especially with the Lightning network, how quickly and 259 00:13:45,080 --> 00:13:50,280 Speaker 1: practically free. Um. You can send money. Um, anyone can 260 00:13:50,320 --> 00:13:53,000 Speaker 1: have access to it. You don't need to show an idea, 261 00:13:53,160 --> 00:13:56,680 Speaker 1: open a bank account, etcetera in order to use it. Uh, 262 00:13:56,720 --> 00:14:02,040 Speaker 1: it's unconfiscatable and permissionless money. Yeah. I think that that 263 00:14:02,040 --> 00:14:05,320 Speaker 1: that first part that you said, Um, you don't have 264 00:14:05,320 --> 00:14:08,920 Speaker 1: to show I D So it's permission lists. So bitcoin 265 00:14:09,080 --> 00:14:12,520 Speaker 1: is border lists, and it's trust list, but it's permission 266 00:14:12,600 --> 00:14:14,959 Speaker 1: list and so you know right now, UM, per the 267 00:14:15,080 --> 00:14:17,360 Speaker 1: un I think there's about two billion adults in the 268 00:14:17,360 --> 00:14:20,440 Speaker 1: world today that don't have access to banking. Two billion adults. 269 00:14:20,440 --> 00:14:22,480 Speaker 1: It's about half, maybe a little bit more than half 270 00:14:22,480 --> 00:14:24,520 Speaker 1: of the adults in the world. And the reason why 271 00:14:24,520 --> 00:14:26,320 Speaker 1: they don't have access to banking for the most part, 272 00:14:26,360 --> 00:14:28,920 Speaker 1: most of them is they don't have permission to join 273 00:14:30,400 --> 00:14:32,800 Speaker 1: if you're born. If you're a fifteen year old kid 274 00:14:32,880 --> 00:14:35,680 Speaker 1: born in Iran, for example, you're not allowed to join 275 00:14:35,800 --> 00:14:39,000 Speaker 1: the financial system. Um. In some places like Al Salvador, 276 00:14:39,040 --> 00:14:41,480 Speaker 1: they can join it, but it's so expensive that they 277 00:14:41,520 --> 00:14:44,600 Speaker 1: can't afford to join it. And so Bitcoin is permission lists. 278 00:14:44,600 --> 00:14:46,680 Speaker 1: Anybody can join it and it's free. And that's a 279 00:14:46,720 --> 00:14:50,240 Speaker 1: that's a big deal, right, Oh, it's I think it's 280 00:14:50,240 --> 00:14:54,800 Speaker 1: a beautiful thing. I mean, for half of the adult 281 00:14:54,880 --> 00:15:00,520 Speaker 1: population to have an opportunity to even accumulate and save 282 00:15:00,760 --> 00:15:03,920 Speaker 1: some sort of wealth is just unheard of, especially now 283 00:15:03,960 --> 00:15:07,880 Speaker 1: with the money printer going on. Yeah, I look at 284 00:15:07,880 --> 00:15:09,800 Speaker 1: that like the smartphone, and I think about that being 285 00:15:09,840 --> 00:15:12,520 Speaker 1: like one of the greatest equalizers. Everybody's talking about equality, 286 00:15:12,640 --> 00:15:15,440 Speaker 1: right and um, which is a whole different conversation, but 287 00:15:16,000 --> 00:15:18,120 Speaker 1: I think that the smartphone is one of the greatest 288 00:15:18,160 --> 00:15:20,120 Speaker 1: equalizers because no matter where you're at in the world, 289 00:15:20,400 --> 00:15:23,200 Speaker 1: you could learn anything, you could meet anyone, you could 290 00:15:23,240 --> 00:15:25,320 Speaker 1: do anything. And for the first time, a kid with 291 00:15:25,320 --> 00:15:27,400 Speaker 1: a smartphone could, you know, start a Instagram account and 292 00:15:27,400 --> 00:15:29,960 Speaker 1: make a hundred thousand dollars. And so it's an equalizer. 293 00:15:30,080 --> 00:15:36,400 Speaker 1: But not if that kid can't join the financial system right, 294 00:15:36,800 --> 00:15:41,000 Speaker 1: and bitcoin fixes that and and and bitcoin fixes that. 295 00:15:41,120 --> 00:15:43,400 Speaker 1: So um, it was cool. I have you been down 296 00:15:43,440 --> 00:15:47,880 Speaker 1: to El Salvador? I haven't, Um, I've been wanting to, 297 00:15:48,080 --> 00:15:50,440 Speaker 1: but just haven't been able to yet. I was thinking 298 00:15:50,440 --> 00:15:52,400 Speaker 1: about making another trip down there this summer, so I'll 299 00:15:52,440 --> 00:15:55,480 Speaker 1: keep you posted on that. But oh yeah, please. Do 300 00:15:55,560 --> 00:15:56,920 Speaker 1: you know when I was down there, I was shocked. 301 00:15:56,960 --> 00:15:58,880 Speaker 1: And I've been down there multiple times on surf trips, 302 00:15:59,280 --> 00:16:02,080 Speaker 1: but I was down there specifically working with bitcoin beach. Um. 303 00:16:02,120 --> 00:16:03,720 Speaker 1: It amazed me that, you know, a lot of these 304 00:16:03,760 --> 00:16:06,680 Speaker 1: people they don't have bank accounts because it's so cost prohibitive, 305 00:16:06,720 --> 00:16:08,320 Speaker 1: and so they need, you know, fifty bucks a month 306 00:16:08,400 --> 00:16:10,400 Speaker 1: or whatever to start a bank account, and they don't 307 00:16:10,400 --> 00:16:13,600 Speaker 1: make that much to justify that. And also even a 308 00:16:13,600 --> 00:16:17,040 Speaker 1: lot of the like some of these poor areas, you know, 309 00:16:17,160 --> 00:16:20,480 Speaker 1: they have you know, roadside stand selling papoosas or coconuts 310 00:16:20,560 --> 00:16:23,120 Speaker 1: or whatever, and they don't do that much business, and 311 00:16:23,160 --> 00:16:26,200 Speaker 1: so they don't do enough business to justify a point 312 00:16:26,240 --> 00:16:29,200 Speaker 1: of sale or a credit card account. And so you 313 00:16:29,280 --> 00:16:32,120 Speaker 1: have all these little stores that can't get merchant systems 314 00:16:32,200 --> 00:16:33,840 Speaker 1: or credit cards, and then you have all these people 315 00:16:33,880 --> 00:16:36,200 Speaker 1: who can't get in the banking system. So basically none 316 00:16:36,240 --> 00:16:39,800 Speaker 1: of them can get into the global economy. They're stuck 317 00:16:39,800 --> 00:16:42,240 Speaker 1: in a local economy. And back to that, you know, 318 00:16:42,360 --> 00:16:46,600 Speaker 1: kid with a Instagram account analogy. UM, without having access 319 00:16:46,600 --> 00:16:50,080 Speaker 1: to the global markets, you're stuck in that local area. 320 00:16:50,200 --> 00:16:54,320 Speaker 1: And of course bitcoin fixes that. UM. You're listening to 321 00:16:54,360 --> 00:16:57,120 Speaker 1: the Markmas Show. We're talking about bitcoin. We're talking about 322 00:16:57,360 --> 00:17:00,760 Speaker 1: the decentralized revolution that the world is going through as 323 00:17:00,760 --> 00:17:05,640 Speaker 1: bitcoin changes politics, finance, and technology in the world as 324 00:17:05,680 --> 00:17:07,920 Speaker 1: we know it. I'm in the studio with a good 325 00:17:07,920 --> 00:17:11,680 Speaker 1: friend Jessica. You can find her on Twitter at Jessica Hoddler. 326 00:17:11,760 --> 00:17:16,400 Speaker 1: Let's h O d l R. We're talking about, unfortunately, 327 00:17:16,640 --> 00:17:20,919 Speaker 1: talking about bitcoin melting down, the depths of bitcoin and 328 00:17:20,920 --> 00:17:22,840 Speaker 1: our experience with it. We're talking about the use case 329 00:17:22,840 --> 00:17:25,960 Speaker 1: and we'll talk about where it's going. UM. And we 330 00:17:26,080 --> 00:17:28,320 Speaker 1: got some really big stories to cover when we come 331 00:17:28,320 --> 00:17:33,399 Speaker 1: back in a minute. UM, specifically talking about um, the 332 00:17:33,800 --> 00:17:36,480 Speaker 1: flip side of a world without it and bank runs 333 00:17:36,480 --> 00:17:39,639 Speaker 1: that are happening in China right now. We're back with 334 00:17:39,640 --> 00:17:41,719 Speaker 1: that more in a minute, So don't go away, all right, 335 00:17:41,720 --> 00:17:43,679 Speaker 1: Welcome back. You are listening to the markma Show, and 336 00:17:43,720 --> 00:17:46,960 Speaker 1: we are talking about bitcoin, we're talking about the decentralized revolution. 337 00:17:47,040 --> 00:17:49,760 Speaker 1: We're talking about UH. We're talking about through the lens 338 00:17:49,760 --> 00:17:54,359 Speaker 1: of politics, finance, and technology to help things bring things 339 00:17:54,400 --> 00:17:57,000 Speaker 1: into context, we can understand them in the world today, 340 00:17:57,520 --> 00:18:01,119 Speaker 1: and of course there's no shortage of formation. I'm in 341 00:18:01,119 --> 00:18:03,520 Speaker 1: the studio with Jessica. You can find her on Twitter 342 00:18:03,560 --> 00:18:05,879 Speaker 1: at Jessica Hodler that's h O d l R. And 343 00:18:05,920 --> 00:18:08,399 Speaker 1: we were talking about the pain that we're seeing in 344 00:18:08,440 --> 00:18:11,439 Speaker 1: the bitcoin, in the cryptocurrency space and UM, kind of 345 00:18:11,440 --> 00:18:14,680 Speaker 1: comparing it to some previous crashes. So the last time 346 00:18:14,720 --> 00:18:18,000 Speaker 1: we've seen bitcoin, UH and the cryptocurrency market crash this 347 00:18:18,119 --> 00:18:20,680 Speaker 1: hard was back in two thousand seventeen, where bitcoin saw 348 00:18:20,720 --> 00:18:24,800 Speaker 1: about an eighty three percent draw down. Jessica was saying, 349 00:18:24,840 --> 00:18:27,760 Speaker 1: how that, you know, she just held because she saw 350 00:18:27,800 --> 00:18:30,119 Speaker 1: some of these benefits. And we were talking about some 351 00:18:30,160 --> 00:18:34,760 Speaker 1: of these benefits such as UM, such as UH, you know, 352 00:18:35,040 --> 00:18:37,600 Speaker 1: permission lists and how that's a big deal in the world. 353 00:18:37,960 --> 00:18:39,280 Speaker 1: You know. One of the other things, Jessica that I 354 00:18:39,320 --> 00:18:41,720 Speaker 1: see as a big benefit is that for the first 355 00:18:41,760 --> 00:18:45,480 Speaker 1: time in history or for the history of mankind, we 356 00:18:45,520 --> 00:18:48,560 Speaker 1: can hold our wealth in a way that can't be confiscated. 357 00:18:49,040 --> 00:18:51,439 Speaker 1: And so um what we've seen. You know, when banks 358 00:18:51,480 --> 00:18:54,840 Speaker 1: collapsed throughout history, people lost all their money in the banks. 359 00:18:55,359 --> 00:18:57,600 Speaker 1: We're seeing that happen in the cryptocurrency space right now. 360 00:18:57,640 --> 00:19:00,240 Speaker 1: People have their money in platforms like selsie us and 361 00:19:00,240 --> 00:19:02,679 Speaker 1: they can't get their money back out of that. People 362 00:19:02,720 --> 00:19:05,879 Speaker 1: have their money in Tara Luna stable coin and they 363 00:19:05,880 --> 00:19:08,560 Speaker 1: can't get their money back out of that. Um. But 364 00:19:08,720 --> 00:19:10,800 Speaker 1: if you hold your money in bitcoin, or I should 365 00:19:10,800 --> 00:19:12,639 Speaker 1: say not your money in bitcoin. But if you're holding 366 00:19:12,640 --> 00:19:15,480 Speaker 1: bitcoin and you're holding it yourself, there is really no 367 00:19:15,600 --> 00:19:18,760 Speaker 1: chance in losing that if you do it correctly, right, Yeah, 368 00:19:18,880 --> 00:19:22,640 Speaker 1: And it's all dependent upon self responsibility. If you hold 369 00:19:22,680 --> 00:19:25,439 Speaker 1: your keys, you hold your coins, and you know, if 370 00:19:25,480 --> 00:19:30,960 Speaker 1: you practice uh safe keeping your bitcoin in safe spaces, 371 00:19:31,080 --> 00:19:33,840 Speaker 1: then you know that's upon you. If you can hold 372 00:19:33,840 --> 00:19:36,160 Speaker 1: it on in exchange, then you know you're not holding 373 00:19:36,160 --> 00:19:39,200 Speaker 1: your bitcoin. And it's an I, it's an iou right 374 00:19:40,000 --> 00:19:42,240 Speaker 1: and and and and what I say is like that's 375 00:19:42,320 --> 00:19:44,400 Speaker 1: the whole benefit of it. For the first time in history, 376 00:19:44,440 --> 00:19:45,880 Speaker 1: we can store a wealth in a way that can't 377 00:19:45,880 --> 00:19:48,760 Speaker 1: be confiscated. But anytime you give your asset to somebody else, 378 00:19:48,800 --> 00:19:51,840 Speaker 1: there's counterparty risk and so you run the risk of 379 00:19:51,880 --> 00:19:54,000 Speaker 1: losing that. And so that's what's happening in the in 380 00:19:54,040 --> 00:19:56,399 Speaker 1: the cryptocurrency space. Like I said, with Celsius and with 381 00:19:56,520 --> 00:20:00,119 Speaker 1: Terra Luna, etcetera. The problem is that while those things 382 00:20:00,119 --> 00:20:02,480 Speaker 1: are much more risky and maybe while you weren't taking 383 00:20:02,480 --> 00:20:06,200 Speaker 1: the risk with those, unfortunate when those blow up, they 384 00:20:06,240 --> 00:20:10,960 Speaker 1: bring that risk to your front door. Yeah, unfortunately. So right, 385 00:20:12,200 --> 00:20:14,199 Speaker 1: And I guess you know, as long as you can 386 00:20:14,240 --> 00:20:17,679 Speaker 1: have that long term perspective, then I you know, you 387 00:20:17,720 --> 00:20:19,440 Speaker 1: can be okay. But it's tough. It's tough for a 388 00:20:19,480 --> 00:20:22,520 Speaker 1: lot of people who have been in the short term. Yeah, 389 00:20:22,520 --> 00:20:26,680 Speaker 1: it's all about having that long term horizon and zooming out. 390 00:20:26,720 --> 00:20:31,360 Speaker 1: You know, if you have a four month um timeline, uh, 391 00:20:31,480 --> 00:20:35,199 Speaker 1: you're you might see a drop. But if you're on 392 00:20:35,240 --> 00:20:38,359 Speaker 1: a ten year timeline, then you know, you're you just 393 00:20:38,400 --> 00:20:41,359 Speaker 1: see it go up. Yeah. Yeah, I think you know 394 00:20:41,400 --> 00:20:43,720 Speaker 1: one thing, it's it's easy to get that long term perspective, 395 00:20:43,800 --> 00:20:46,240 Speaker 1: you know, when you've been in it for a long term. Um, 396 00:20:46,280 --> 00:20:48,199 Speaker 1: it's probably much harder if you've been in it for 397 00:20:48,240 --> 00:20:50,480 Speaker 1: a short period of time. But you can just look 398 00:20:50,520 --> 00:20:53,120 Speaker 1: back through history, and what we've seen is that there's 399 00:20:53,160 --> 00:20:56,240 Speaker 1: never been I believe it's a three year period where 400 00:20:56,240 --> 00:20:58,760 Speaker 1: you would have been under water. So if you would 401 00:20:58,760 --> 00:21:02,120 Speaker 1: have bought the last high in December, we're talking about 402 00:21:02,119 --> 00:21:05,640 Speaker 1: it about nineteen thousand, it took about just under three years. 403 00:21:05,680 --> 00:21:07,600 Speaker 1: I think it was like two point nine years to 404 00:21:07,720 --> 00:21:12,400 Speaker 1: get back to twenty again. And so, uh, with real estate, 405 00:21:12,400 --> 00:21:14,960 Speaker 1: you would typically say something like, you know, don't buy 406 00:21:15,000 --> 00:21:16,439 Speaker 1: real estate that you don't plan on holding for at 407 00:21:16,480 --> 00:21:18,879 Speaker 1: least five years. And so with bitcoin, it's kind of like, well, 408 00:21:18,880 --> 00:21:21,119 Speaker 1: don't buy bitcoin that you're that you plan need in 409 00:21:21,200 --> 00:21:24,920 Speaker 1: less than three years. Um. Do you think that kind 410 00:21:24,920 --> 00:21:28,320 Speaker 1: of a mindset helps out? Yeah? I think it does. 411 00:21:28,560 --> 00:21:31,560 Speaker 1: And you know, during times like this, if you know, 412 00:21:31,680 --> 00:21:34,560 Speaker 1: you just put your head down your building, um, you're 413 00:21:34,640 --> 00:21:38,360 Speaker 1: you know, you're stacking SATs um. I think it's easier 414 00:21:38,640 --> 00:21:42,479 Speaker 1: to see it through that lens, especially if you're reading 415 00:21:43,040 --> 00:21:50,080 Speaker 1: you know, like g g Um Marty bentz uh and 416 00:21:50,080 --> 00:21:52,199 Speaker 1: and talking about real estate. If you had bought in 417 00:21:53,240 --> 00:21:59,160 Speaker 1: you have people who are doubling their money in two years. Yeah, 418 00:21:59,200 --> 00:22:01,280 Speaker 1: So it's just about having that. I think having that 419 00:22:01,400 --> 00:22:05,400 Speaker 1: perspective that really makes a big difference. And and having 420 00:22:05,400 --> 00:22:07,280 Speaker 1: that and having that long term time frame, you know, 421 00:22:07,320 --> 00:22:08,879 Speaker 1: I I think about it back to kind of like 422 00:22:08,920 --> 00:22:12,239 Speaker 1: real estate. If I told you that, you know, in 423 00:22:12,240 --> 00:22:13,959 Speaker 1: five years from now, we're going to build this new 424 00:22:14,000 --> 00:22:17,040 Speaker 1: stadium outside of town, and if you went and bought lots, um, 425 00:22:17,080 --> 00:22:19,800 Speaker 1: you know, land around that area when that stadiums built's 426 00:22:19,800 --> 00:22:21,840 Speaker 1: gonna be worth a lot of money. But let's say 427 00:22:21,880 --> 00:22:23,760 Speaker 1: that you did, and then a year from now, um, 428 00:22:23,800 --> 00:22:26,440 Speaker 1: the lots next to where you bought are down there 429 00:22:26,520 --> 00:22:29,159 Speaker 1: cheaper than what you paid for. What would you panic 430 00:22:29,600 --> 00:22:32,119 Speaker 1: and would you sell your lot? Well, you don't know. 431 00:22:32,320 --> 00:22:35,240 Speaker 1: The answer would be, well, is that stadium is still 432 00:22:35,280 --> 00:22:37,560 Speaker 1: going to be built? Are they working on permits? Have 433 00:22:37,600 --> 00:22:39,480 Speaker 1: they got plans that they got their funds? Are they 434 00:22:39,520 --> 00:22:41,600 Speaker 1: doing construction? And as long as that's still on track, 435 00:22:42,160 --> 00:22:43,680 Speaker 1: then you would want to continue to hold and maybe 436 00:22:43,680 --> 00:22:45,440 Speaker 1: you would even buy that that other lot that came 437 00:22:45,520 --> 00:22:48,480 Speaker 1: up for cheaper. If you found out there was like 438 00:22:48,720 --> 00:22:51,120 Speaker 1: nuclear waste on the land and they could never build there, 439 00:22:51,240 --> 00:22:54,080 Speaker 1: then maybe you would sell right away. Um. And so 440 00:22:54,200 --> 00:22:57,040 Speaker 1: when you're looking at bitcoin through that lens, is there 441 00:22:57,080 --> 00:22:59,960 Speaker 1: anything that's broken? With the network itself. Have they found 442 00:23:00,040 --> 00:23:03,479 Speaker 1: nuclear waste with bitcoin or is it still on track 443 00:23:03,520 --> 00:23:06,080 Speaker 1: with where we where where we think it's going. I mean, 444 00:23:06,359 --> 00:23:09,600 Speaker 1: what would you say about that? Well, it's interesting because 445 00:23:09,840 --> 00:23:13,200 Speaker 1: um Sailor actually recently said if I gave you a 446 00:23:13,280 --> 00:23:18,520 Speaker 1: hundred billion dollars to build another bitcoin, you couldn't. So 447 00:23:19,119 --> 00:23:22,040 Speaker 1: I feel like that's a pretty powerful statement. And I 448 00:23:22,119 --> 00:23:26,320 Speaker 1: mean you can see that people are constantly building UM, 449 00:23:26,359 --> 00:23:28,560 Speaker 1: people are using it, and I feel like also the 450 00:23:28,960 --> 00:23:32,479 Speaker 1: adoption trend is really important. UM. You know, the more 451 00:23:32,480 --> 00:23:34,600 Speaker 1: people that come into bitcoin UM and the more people 452 00:23:34,640 --> 00:23:37,600 Speaker 1: that want it obviously, UM, you know, the price is 453 00:23:37,600 --> 00:23:42,280 Speaker 1: gonna affect that. So yeah, now that's a good point. UM. 454 00:23:42,480 --> 00:23:44,879 Speaker 1: I first kind of learned about this by Andreas on 455 00:23:44,920 --> 00:23:47,240 Speaker 1: Topolus and he basically kind of made the same point 456 00:23:47,240 --> 00:23:48,800 Speaker 1: as well, where like bitcoin is kind of like this 457 00:23:48,840 --> 00:23:51,840 Speaker 1: anomaly where it was created over a decade ago when 458 00:23:51,840 --> 00:23:54,840 Speaker 1: nobody knew anything about it, nobody cared, and that allowed 459 00:23:54,840 --> 00:23:56,960 Speaker 1: it to grow, kind of allowed it to grow in 460 00:23:56,960 --> 00:23:59,960 Speaker 1: the wild, UM and get stronger. And it got strong 461 00:24:00,080 --> 00:24:02,880 Speaker 1: because of the decentralization, So more and more and more 462 00:24:02,920 --> 00:24:05,760 Speaker 1: people started running nodes, and more and more people started 463 00:24:05,800 --> 00:24:08,879 Speaker 1: mining it, and all that mining power has made it 464 00:24:08,960 --> 00:24:11,879 Speaker 1: so strong and made it resistant to attack, and nobody 465 00:24:11,960 --> 00:24:14,120 Speaker 1: knew about it. Nobody cared about it, so nobody tried 466 00:24:14,119 --> 00:24:16,600 Speaker 1: to attack it. The problem is today is everybody knows 467 00:24:16,600 --> 00:24:19,359 Speaker 1: about it, and so smaller chains that have tried to 468 00:24:19,400 --> 00:24:22,440 Speaker 1: copy tried to copy what Bitcoin have done. They don't 469 00:24:22,480 --> 00:24:25,400 Speaker 1: have the network, they don't have the miners, they don't 470 00:24:25,400 --> 00:24:27,040 Speaker 1: have the nodes, and so they're easy to attack, and 471 00:24:27,040 --> 00:24:29,720 Speaker 1: people do they People can rent hash power, attack them 472 00:24:29,760 --> 00:24:32,840 Speaker 1: double spend um. But Bitcoin is too big for that now. 473 00:24:32,920 --> 00:24:34,560 Speaker 1: So kind of to the point that you made, or 474 00:24:34,720 --> 00:24:37,359 Speaker 1: that Michael Saylor was making, there's no way to recreate 475 00:24:37,400 --> 00:24:39,639 Speaker 1: that today because everybody would know what you're doing, and 476 00:24:39,680 --> 00:24:41,720 Speaker 1: it would be attacked and killed before it would be 477 00:24:41,800 --> 00:24:45,000 Speaker 1: able to grow and be strong enough. Yep, that's exactly right. 478 00:24:45,119 --> 00:24:49,400 Speaker 1: And um, I don't feel like people uh can rup 479 00:24:49,480 --> 00:24:55,840 Speaker 1: their their minds around the true uh positiveness about decentralization 480 00:24:56,200 --> 00:24:59,800 Speaker 1: because I mean, they deal with banks every day and 481 00:25:00,040 --> 00:25:03,960 Speaker 1: and they're just used to the central banking system, and 482 00:25:04,080 --> 00:25:07,040 Speaker 1: I feel like some people can't really see the true 483 00:25:07,160 --> 00:25:11,280 Speaker 1: power of decentralization. Yeah. Well, and and they probably they don't. 484 00:25:11,280 --> 00:25:13,520 Speaker 1: They don't know what that means. They probably haven't even 485 00:25:13,520 --> 00:25:15,560 Speaker 1: taken the time to think through that. It seems like 486 00:25:15,600 --> 00:25:17,600 Speaker 1: a big problem that I see in the world today 487 00:25:17,960 --> 00:25:20,400 Speaker 1: where people are kind of parroting headlines that they see 488 00:25:20,400 --> 00:25:23,880 Speaker 1: and they've never actually taken the time to think through that. 489 00:25:24,080 --> 00:25:26,760 Speaker 1: Do you see that being a big problem? Yeah, definitely. 490 00:25:26,840 --> 00:25:30,280 Speaker 1: I mean, and this is separate of bitcoin. Also, you 491 00:25:30,359 --> 00:25:33,960 Speaker 1: just have people parting other people's ideas just because they 492 00:25:34,000 --> 00:25:38,080 Speaker 1: want to, you know, virtue signal um. And people don't 493 00:25:38,080 --> 00:25:40,400 Speaker 1: do their own due diligence, They don't do their own 494 00:25:40,400 --> 00:25:45,119 Speaker 1: research because they're told not to. And um, yeah, yeah, 495 00:25:45,440 --> 00:25:48,920 Speaker 1: I've I've I've maybe I used to be more guilty 496 00:25:48,920 --> 00:25:51,359 Speaker 1: of that, um being that now, Um, you know, I 497 00:25:51,400 --> 00:25:53,680 Speaker 1: get so many comments across all these platforms, thousands of 498 00:25:53,720 --> 00:25:55,639 Speaker 1: comments a week. I have to be more careful of 499 00:25:55,640 --> 00:25:57,160 Speaker 1: what I say, which has been good, so it makes 500 00:25:57,200 --> 00:25:59,000 Speaker 1: me think about it. But a lot of times, you know, 501 00:25:59,080 --> 00:26:00,879 Speaker 1: even today, I'm a little bit guilty of it in 502 00:26:00,880 --> 00:26:02,919 Speaker 1: a sense where like I'll be flipping through Twitter, right 503 00:26:03,160 --> 00:26:06,080 Speaker 1: and somebody will make this like really compelling statement and 504 00:26:06,119 --> 00:26:09,960 Speaker 1: I might go, Wow, that's true, that's right, And like Dang, 505 00:26:10,000 --> 00:26:12,040 Speaker 1: that's good. I hadn't thought about that. But then what 506 00:26:12,080 --> 00:26:13,840 Speaker 1: I do is I go through all the comments, and 507 00:26:13,840 --> 00:26:15,680 Speaker 1: the comments are great. Twitter is great for this because 508 00:26:15,720 --> 00:26:18,680 Speaker 1: then I can find all these comments of people arguing 509 00:26:18,760 --> 00:26:21,080 Speaker 1: against it. It's like every post is almost a debate, 510 00:26:21,200 --> 00:26:23,280 Speaker 1: you know, and then you see all these are the viewpoints, 511 00:26:23,320 --> 00:26:24,960 Speaker 1: and you're like, damn, I didn't think about that. Well, 512 00:26:25,040 --> 00:26:27,199 Speaker 1: actually so I thought. I thought I agreed with that 513 00:26:27,240 --> 00:26:29,320 Speaker 1: headline and I had that opinion. But now I see 514 00:26:29,760 --> 00:26:31,520 Speaker 1: the flip side. I see a different than of Twitter 515 00:26:31,560 --> 00:26:33,400 Speaker 1: is great for that. Um, you're listening to the Mark 516 00:26:33,480 --> 00:26:36,080 Speaker 1: Moa show, and speaking of Twitter, I have Jessica on 517 00:26:36,200 --> 00:26:37,840 Speaker 1: with me right now. You can find her on Twitter 518 00:26:37,920 --> 00:26:40,879 Speaker 1: at Jessica Hotler. That's h O D l R. And 519 00:26:40,880 --> 00:26:42,439 Speaker 1: of course if you're not following me on Twitter, then 520 00:26:42,480 --> 00:26:45,400 Speaker 1: you should be. And that's at number one, Mark Moss. 521 00:26:45,440 --> 00:26:48,439 Speaker 1: That's just the number one, Um, just the numeral number one, 522 00:26:48,480 --> 00:26:51,280 Speaker 1: Mark Moss. We're talking about bitcoin. We're talking about the 523 00:26:51,280 --> 00:26:54,720 Speaker 1: decentralized revolution, and I want to talk more about what 524 00:26:54,800 --> 00:26:56,800 Speaker 1: happens when you lose money to the bank. We're back 525 00:26:56,840 --> 00:26:58,520 Speaker 1: with that and more in a minute, So don't go away. 526 00:26:59,000 --> 00:27:00,840 Speaker 1: All right, welcome back. You are listening to the Mark 527 00:27:00,920 --> 00:27:05,040 Speaker 1: Moa show talking about bitcoin, talking about the decentralized revolution 528 00:27:05,080 --> 00:27:07,920 Speaker 1: and how the world is changing right before our very eyes. 529 00:27:08,560 --> 00:27:12,080 Speaker 1: Of course bitcoin is uh, it's in the down trend 530 00:27:12,280 --> 00:27:16,160 Speaker 1: right now. It's painful, but you gotta maintain focus, eyes 531 00:27:16,200 --> 00:27:17,760 Speaker 1: on the prize. As they say. I'm in the studio 532 00:27:17,800 --> 00:27:19,840 Speaker 1: with my good friend Jessica. You can find her on 533 00:27:19,880 --> 00:27:23,640 Speaker 1: Twitter at Jessica Hoddler h O D L R jes go. Um. 534 00:27:23,680 --> 00:27:26,640 Speaker 1: You know we were talking about um. When you give 535 00:27:26,680 --> 00:27:29,600 Speaker 1: your money to somebody else, he creates counterparty risk. And 536 00:27:29,640 --> 00:27:32,359 Speaker 1: so people that put their money into Celsius, people that 537 00:27:32,400 --> 00:27:35,000 Speaker 1: put their money into Tara Luna token, or people that 538 00:27:35,080 --> 00:27:37,160 Speaker 1: leave their money in the bank like in Cyprus when 539 00:27:37,160 --> 00:27:40,400 Speaker 1: it when it collapsed. And um. One thing I saw 540 00:27:40,480 --> 00:27:44,119 Speaker 1: this week that was pretty crazy. Actually just today was 541 00:27:44,720 --> 00:27:47,800 Speaker 1: in China. Now China, for a lot of people don't know, 542 00:27:47,880 --> 00:27:51,399 Speaker 1: China's got serious, serious problems on their hands. They have 543 00:27:51,440 --> 00:27:54,440 Speaker 1: a massive debt crisis. They make the United States debt 544 00:27:54,440 --> 00:27:57,320 Speaker 1: crisis look tame, but they have. But but it's a 545 00:27:57,320 --> 00:27:59,359 Speaker 1: bigger problem than just the debt crisis because of all 546 00:27:59,400 --> 00:28:02,080 Speaker 1: the dither crisis as they have like what like energy, 547 00:28:02,160 --> 00:28:04,600 Speaker 1: They don't have any energy. They have to import eighty 548 00:28:04,720 --> 00:28:08,359 Speaker 1: five cent of their energy. The US has energy. Most 549 00:28:08,440 --> 00:28:11,560 Speaker 1: of their food import inputs to make the food have 550 00:28:11,720 --> 00:28:13,480 Speaker 1: to be imported, so they can't even make the foods. 551 00:28:13,480 --> 00:28:16,280 Speaker 1: They have energy crisis, they have a food crisis. They 552 00:28:16,280 --> 00:28:19,400 Speaker 1: have a water crisis. They don't have any natural water 553 00:28:19,480 --> 00:28:21,200 Speaker 1: like the United States we have big lakes. They don't 554 00:28:21,240 --> 00:28:23,840 Speaker 1: have that, and whatever water they have has been massively contaminated. 555 00:28:24,119 --> 00:28:26,600 Speaker 1: And then the biggest and worst problem is they have 556 00:28:26,640 --> 00:28:30,680 Speaker 1: a massive demographic cliff. Forty years of one child policy 557 00:28:31,000 --> 00:28:35,080 Speaker 1: has made it where now they have all boys under 558 00:28:35,119 --> 00:28:39,080 Speaker 1: forty years old and a very small population. About half 559 00:28:39,640 --> 00:28:42,440 Speaker 1: of the Chinese population will be gone in twenty five years. 560 00:28:42,920 --> 00:28:45,360 Speaker 1: It's a massive, massive problem. Of course, as the money 561 00:28:45,360 --> 00:28:49,120 Speaker 1: supply grows and people people grow, you have massive growth. 562 00:28:49,200 --> 00:28:52,320 Speaker 1: When money supply goes down and the population goes down, 563 00:28:52,320 --> 00:28:54,240 Speaker 1: to the problem. And so China has all these problems 564 00:28:54,600 --> 00:28:57,360 Speaker 1: and now there's a there was a bank run this 565 00:28:57,440 --> 00:29:01,520 Speaker 1: week and uh the ink run. What is what happens 566 00:29:01,640 --> 00:29:04,320 Speaker 1: is when just like what happened with Terry Luna Um, 567 00:29:04,320 --> 00:29:06,640 Speaker 1: when too many people go to get their money out 568 00:29:06,720 --> 00:29:08,200 Speaker 1: because they're afraid they're not going to get it back. 569 00:29:08,240 --> 00:29:09,680 Speaker 1: They want to be the first one there to get it. 570 00:29:09,880 --> 00:29:12,120 Speaker 1: If too many people go to pull their money out, um, 571 00:29:12,200 --> 00:29:14,360 Speaker 1: then there's not to go around and it creates a run. 572 00:29:14,720 --> 00:29:16,760 Speaker 1: And that's exactly what happened in China, where people were 573 00:29:16,800 --> 00:29:19,720 Speaker 1: going to pull their money out of the bank, and 574 00:29:19,720 --> 00:29:21,680 Speaker 1: it could have created a big problem for China, but 575 00:29:21,800 --> 00:29:25,720 Speaker 1: China solved it in a way that we haven't seen before, 576 00:29:25,720 --> 00:29:27,360 Speaker 1: in a way that wasn't so good. And it says 577 00:29:27,400 --> 00:29:31,680 Speaker 1: that China's bank run victims planned to protest. They were 578 00:29:31,680 --> 00:29:34,680 Speaker 1: going to have a protest, but then their COVID health 579 00:29:35,200 --> 00:29:39,720 Speaker 1: passports turned code red. So this we talked about this 580 00:29:39,760 --> 00:29:43,000 Speaker 1: credit score system, and basically what happened is in order 581 00:29:43,040 --> 00:29:46,200 Speaker 1: to prevent the people from getting together and creating this 582 00:29:46,280 --> 00:29:50,640 Speaker 1: protest um, everyone turned red, which then means they were 583 00:29:50,680 --> 00:29:53,360 Speaker 1: deemed to be high risk and then nope, and then 584 00:29:53,440 --> 00:29:58,240 Speaker 1: they were banned from any public venues and they they 585 00:29:58,280 --> 00:30:00,960 Speaker 1: broke that down. Now we people like uh put their 586 00:30:01,000 --> 00:30:02,560 Speaker 1: life stavings in the bank and they couldn't get it 587 00:30:02,560 --> 00:30:05,160 Speaker 1: out and now they can't even protest. I mean, is 588 00:30:05,160 --> 00:30:08,080 Speaker 1: that a dystopian world or what Jessica. Yeah, I mean 589 00:30:08,080 --> 00:30:10,120 Speaker 1: that's insane and I mean, hint, this is why you 590 00:30:10,160 --> 00:30:14,760 Speaker 1: have unconfiscatable and permissionless money UM. And it's insane because 591 00:30:14,760 --> 00:30:16,560 Speaker 1: this is happened. This has been happening in China for 592 00:30:16,600 --> 00:30:19,080 Speaker 1: a while, and they've been holding people hostage in their 593 00:30:19,120 --> 00:30:22,560 Speaker 1: homes because of COVID and then people were starving to 594 00:30:22,640 --> 00:30:25,239 Speaker 1: death that they ended up throwing themselves out of their 595 00:30:25,280 --> 00:30:29,120 Speaker 1: apartments because they were so hungry. And now they have 596 00:30:29,200 --> 00:30:32,640 Speaker 1: these health apps that show either green or red, with 597 00:30:32,880 --> 00:30:36,160 Speaker 1: green meaning that you're able to go places, and your 598 00:30:36,160 --> 00:30:39,760 Speaker 1: freedom of movement is strictly dictated by this color code 599 00:30:39,800 --> 00:30:45,239 Speaker 1: system that was implemented by the government. And uh, just 600 00:30:45,440 --> 00:30:47,760 Speaker 1: f y I this is what the World Economic Forum wants. 601 00:30:47,840 --> 00:30:50,760 Speaker 1: And conveniently enough, they had just their meeting in Davos, 602 00:30:51,960 --> 00:30:54,320 Speaker 1: UM and they talk about this all the time. But 603 00:30:54,520 --> 00:30:56,240 Speaker 1: as you were saying, with the red code, this is 604 00:30:56,320 --> 00:30:58,840 Speaker 1: usually assigned to people that are infected by COVID. So 605 00:30:58,960 --> 00:31:01,640 Speaker 1: coincidentally enough, those people that were trying to protest the 606 00:31:01,680 --> 00:31:07,000 Speaker 1: banks UM were flagged red and they weren't able to go. Yeah, 607 00:31:07,000 --> 00:31:10,680 Speaker 1: it's crazy. It says here that this this guy they're 608 00:31:10,680 --> 00:31:12,520 Speaker 1: talking about how to put his life savings about six 609 00:31:12,600 --> 00:31:15,640 Speaker 1: million one or or about almost nine dollars into a 610 00:31:15,640 --> 00:31:17,600 Speaker 1: bank hasn't been able to draw a penny. Over the 611 00:31:17,640 --> 00:31:20,160 Speaker 1: past two months, thousands of depositors like him have been 612 00:31:20,200 --> 00:31:22,600 Speaker 1: fighting to recover their savings from at least four banks. 613 00:31:23,000 --> 00:31:25,800 Speaker 1: In late May, hundreds of them traveled um to zin 614 00:31:25,920 --> 00:31:28,760 Speaker 1: Zong from across China and stage the protest outside the office. 615 00:31:28,800 --> 00:31:32,360 Speaker 1: Another protest was planned for Monday, but as the depositors arrived, 616 00:31:32,720 --> 00:31:35,600 Speaker 1: they were stunned to find their health codes, which were 617 00:31:35,600 --> 00:31:40,880 Speaker 1: green upon departure, had now been turned red. Uh. And 618 00:31:40,920 --> 00:31:43,800 Speaker 1: then and then they were taken into quarantine by guards 619 00:31:44,600 --> 00:31:51,280 Speaker 1: and locked up. Interesting. Yeah, and it's it's pretty crazy 620 00:31:51,360 --> 00:31:56,920 Speaker 1: because you're immediately banned from all public values and transport um. 621 00:31:57,000 --> 00:31:59,080 Speaker 1: And like they were, they were subject to weeks of 622 00:31:59,120 --> 00:32:03,560 Speaker 1: government quarantine. And this quote unquote health app that they're 623 00:32:03,600 --> 00:32:08,160 Speaker 1: implementing is more like a good citizen app um. And 624 00:32:08,200 --> 00:32:10,600 Speaker 1: it's going to do a point where, like we joke 625 00:32:10,640 --> 00:32:12,880 Speaker 1: on Twitter all the time, oh, if you tweet something, 626 00:32:13,400 --> 00:32:17,280 Speaker 1: uh that's like opposing your government. Uh, They're going to say, oh, 627 00:32:17,360 --> 00:32:19,400 Speaker 1: you tweeted this today you're not allowed to go to 628 00:32:19,440 --> 00:32:23,240 Speaker 1: the grocery store or go outside, but you actually have 629 00:32:23,280 --> 00:32:26,560 Speaker 1: these people who are actually experiencing it. Yeah, I mean 630 00:32:26,600 --> 00:32:30,440 Speaker 1: that's exactly what happened, right. It's like, um, and and 631 00:32:30,480 --> 00:32:33,160 Speaker 1: I don't I don't know exactly how that happened. Like, 632 00:32:33,520 --> 00:32:35,959 Speaker 1: most likely they probably didn't tweet about that they were 633 00:32:36,000 --> 00:32:39,160 Speaker 1: going to the protests. It probably picked up on their location. 634 00:32:39,400 --> 00:32:43,040 Speaker 1: It was probably tracking them, right, maybe well, China has 635 00:32:43,080 --> 00:32:46,240 Speaker 1: a social system, so it might have been a combination 636 00:32:46,280 --> 00:32:49,040 Speaker 1: of seeing what they talked about on social media articles 637 00:32:49,080 --> 00:32:51,200 Speaker 1: they had read, maybe they booked a plane ticket, a 638 00:32:51,240 --> 00:32:53,920 Speaker 1: hotel room, and then they had their location and then 639 00:32:53,920 --> 00:32:55,520 Speaker 1: they're like, Okay, these people are going to do this 640 00:32:55,720 --> 00:32:59,360 Speaker 1: shut them down. Yep. No, It's like big brother. And 641 00:32:59,760 --> 00:33:04,560 Speaker 1: it's really sad because these these government officials will probably 642 00:33:04,600 --> 00:33:07,280 Speaker 1: never see the day where they're held accountable because there's 643 00:33:07,280 --> 00:33:11,320 Speaker 1: power is omnipotent. Yeah, and uh, you know, this is 644 00:33:11,360 --> 00:33:14,680 Speaker 1: what many of us are are warning of that this 645 00:33:14,720 --> 00:33:17,000 Speaker 1: whole goal to put our whole lives into a passport, 646 00:33:17,000 --> 00:33:20,080 Speaker 1: install this credit core system is is what's coming. And 647 00:33:20,120 --> 00:33:22,840 Speaker 1: we warned that this is exactly how it can be used. 648 00:33:23,640 --> 00:33:25,520 Speaker 1: And um, you know, I think you know a lot 649 00:33:25,560 --> 00:33:27,200 Speaker 1: of people are like, oh, no, it would never be 650 00:33:27,280 --> 00:33:30,160 Speaker 1: used that way. It's only gonna be used for good, which, uh, 651 00:33:30,360 --> 00:33:34,360 Speaker 1: maybe they have good intentions. The problem is is giving 652 00:33:34,480 --> 00:33:38,680 Speaker 1: anybody that much power over your life eventually somebody will 653 00:33:38,760 --> 00:33:41,680 Speaker 1: probably use it for bad intentions. And also what is 654 00:33:41,720 --> 00:33:45,240 Speaker 1: good and what is bad? Right like my u for them, 655 00:33:45,360 --> 00:33:48,080 Speaker 1: their version of bad, I should say, for the Chinese government, 656 00:33:48,360 --> 00:33:50,880 Speaker 1: their version of bad is having anybody say anything about 657 00:33:50,880 --> 00:33:53,800 Speaker 1: having their money stolen. That's bad. But to me that 658 00:33:53,800 --> 00:33:55,600 Speaker 1: would be good. Like if someone stole my money, I 659 00:33:55,600 --> 00:33:57,440 Speaker 1: should be able to speak out about it. And so 660 00:33:57,520 --> 00:33:59,720 Speaker 1: you can see that good and bad are different things, 661 00:34:00,320 --> 00:34:02,920 Speaker 1: two different people, ye know for sure. And it's like 662 00:34:02,960 --> 00:34:04,560 Speaker 1: we say, if you give too much power to the 663 00:34:04,600 --> 00:34:08,160 Speaker 1: government in a crisis, they'll create more crisis. Is in 664 00:34:08,239 --> 00:34:11,560 Speaker 1: order to take more power. Yeah, that's exactly what's happening. 665 00:34:11,719 --> 00:34:14,719 Speaker 1: On a on a different note about taking power, we 666 00:34:14,760 --> 00:34:17,880 Speaker 1: did see that in Canada it looks like they're finally 667 00:34:17,960 --> 00:34:21,160 Speaker 1: about to lift their restrictions. So that's pretty good for 668 00:34:21,200 --> 00:34:24,400 Speaker 1: anybody who doesn't know. Um, if you haven't taken the 669 00:34:25,239 --> 00:34:30,719 Speaker 1: vaccine in Canada, you're not even allowed to leave the country. Um, 670 00:34:30,760 --> 00:34:33,160 Speaker 1: so that's pretty big news. Now. One thing that says 671 00:34:33,200 --> 00:34:35,480 Speaker 1: that if you have a dual citizenship, then you're most 672 00:34:35,520 --> 00:34:39,520 Speaker 1: likely okay to leave with a non Canadian passport. I 673 00:34:39,520 --> 00:34:42,200 Speaker 1: know that's something that you work on a little bit. Yes, 674 00:34:42,360 --> 00:34:44,520 Speaker 1: And we've actually been working a lot of with a 675 00:34:44,560 --> 00:34:47,560 Speaker 1: lot of Canadians lately, just because you know, they don't 676 00:34:47,560 --> 00:34:50,800 Speaker 1: want to be forced to make certain medical decisions. Um, 677 00:34:50,960 --> 00:34:55,879 Speaker 1: so we've they've been very interested in second passports, and um, 678 00:34:56,560 --> 00:34:59,960 Speaker 1: we've been helping them. Yeah, I mean, having a second passport, 679 00:35:00,200 --> 00:35:03,160 Speaker 1: it's it's kind of like insurance where, um, you know, 680 00:35:03,239 --> 00:35:05,520 Speaker 1: insurance is a waste of money until you actually need it, 681 00:35:06,920 --> 00:35:09,560 Speaker 1: but then when you need it, you're glad you have it, right, 682 00:35:10,160 --> 00:35:12,760 Speaker 1: And I would imagine a second passport is somewhat similar. 683 00:35:12,880 --> 00:35:14,480 Speaker 1: It's kind of a waste of money until you actually 684 00:35:14,560 --> 00:35:15,880 Speaker 1: need it and then like you might need it for 685 00:35:15,920 --> 00:35:19,040 Speaker 1: your life, which these Canadians have found out about. Yeah, 686 00:35:19,080 --> 00:35:21,000 Speaker 1: I know for sure, a second passport is a hedge 687 00:35:21,000 --> 00:35:24,160 Speaker 1: against your government. Yeah, hedge against your government. Right, And 688 00:35:24,200 --> 00:35:25,759 Speaker 1: even in the United States, I mean, just look at 689 00:35:25,760 --> 00:35:28,080 Speaker 1: what happened with COVID. The United States passport went from 690 00:35:28,120 --> 00:35:30,360 Speaker 1: being one of the best passports in the world to 691 00:35:30,400 --> 00:35:32,719 Speaker 1: being one of the best, I'm sorry, the worst passports 692 00:35:32,719 --> 00:35:35,000 Speaker 1: in the world, where no country would would have you 693 00:35:35,040 --> 00:35:36,799 Speaker 1: with the US passport. If you want to know more 694 00:35:36,800 --> 00:35:41,279 Speaker 1: about that, checkout Jessica's company at plan B passport dot com. 695 00:35:41,400 --> 00:35:44,440 Speaker 1: Plan b passport dot com. You're listening to the Mark 696 00:35:44,480 --> 00:35:46,879 Speaker 1: Ball Show. We've been talking about bitcoin. We've been talking 697 00:35:46,880 --> 00:35:48,840 Speaker 1: about the decentralized revolution. I've been in the studio with 698 00:35:48,880 --> 00:35:50,640 Speaker 1: my friend Jessica. You can find her on Twitter at 699 00:35:50,719 --> 00:35:54,040 Speaker 1: Jessica Hoddler h O d l R and of course 700 00:35:54,080 --> 00:35:56,360 Speaker 1: on on Twitter at one Mark Moss. If you're not 701 00:35:56,400 --> 00:35:59,200 Speaker 1: following me, then what are you even doing? So give 702 00:35:59,239 --> 00:36:00,680 Speaker 1: us a follow up, give us shout out and say 703 00:36:00,680 --> 00:36:03,640 Speaker 1: what's up. Um. We're trying to cover the play by 704 00:36:03,680 --> 00:36:07,880 Speaker 1: play here talking about bitcoin, cryptocurrencies and the decentralized revolution, 705 00:36:08,840 --> 00:36:10,840 Speaker 1: the biggest thing we'll ever see in our life. And 706 00:36:10,880 --> 00:36:13,080 Speaker 1: it's a little bumpy right now, but together we'll get 707 00:36:13,120 --> 00:36:15,280 Speaker 1: through it. But that's what I got for you today. 708 00:36:15,360 --> 00:36:17,480 Speaker 1: Thanks so much for listening. We'll see you next time.