WEBVTT - The Mark Moss Show Mar 09, 2022 0:00:00.040 --> 0:00:03.240 Hey, everyone, Welcome to another episode of The Mark Moss Show, 0:00:03.240 --> 0:00:07.520 where we talk about the intersection of politics, finance, and technology. 0:00:07.560 --> 0:00:10.200 We're talking about bitcoin and we're talking about the decentralized 0:00:10.240 --> 0:00:13.039 revolution that we are living through right now. Never a 0:00:13.119 --> 0:00:15.920 dull moment in this space we are. We're in one 0:00:15.920 --> 0:00:19.480 of those periods where Vladimir Lenin said that there's decades 0:00:19.520 --> 0:00:22.440 where nothing seems to happen, and then there's days where 0:00:22.680 --> 0:00:25.040 decades seem to happen. And that's exactly where we're at 0:00:25.120 --> 0:00:28.520 right now. I've been making content on on YouTube for 0:00:28.560 --> 0:00:30.960 several years now, and there's lots of times where over 0:00:31.000 --> 0:00:33.360 the years where I've been like, shoot, what should I 0:00:33.400 --> 0:00:36.360 talk about right now? And uh, lately, for the last 0:00:36.360 --> 0:00:39.520 like two weeks, it's like I just have this never 0:00:39.520 --> 0:00:41.519 in any amount of stuff to talk about, and it's 0:00:41.560 --> 0:00:43.599 a it's a pretty pretty exciting time. And you know, 0:00:43.640 --> 0:00:46.680 with as much information that's coming out, it's hard to 0:00:47.320 --> 0:00:51.360 one obviously hard to keep up with it. It's even 0:00:51.400 --> 0:00:55.040 more difficult to um navigate yourself through it. So like 0:00:55.160 --> 0:00:57.920 we used to have a problem of getting information, getting 0:00:57.960 --> 0:01:00.160 information that used to be difficult. Today we have too 0:01:00.240 --> 0:01:02.160 much information. It's like a fire hose. And so now 0:01:02.360 --> 0:01:06.560 it's discerning the information or maybe even I might even 0:01:06.600 --> 0:01:10.240 say deciphering the information to understand what it means. And 0:01:10.280 --> 0:01:12.399 of course that's what I'm here for. That's what I'm 0:01:12.720 --> 0:01:15.160 that's what I'm here for each and every week, hopefully 0:01:15.160 --> 0:01:16.840 you're tuning in with me. Try to bring you some 0:01:17.000 --> 0:01:19.280 education to kind of change your perspective, change what you 0:01:19.280 --> 0:01:21.360 think about things. Of course, bring you the latest breaking 0:01:21.880 --> 0:01:24.640 news headlines so you're up to date, because, like I said, 0:01:24.640 --> 0:01:27.680 it is coming on fast. And then of course, uh, 0:01:27.920 --> 0:01:31.000 bring to you some important guests each and every week. UM, 0:01:31.000 --> 0:01:32.959 so let's talk about some of the hot news headlines 0:01:33.000 --> 0:01:36.400 this week. Of course, Um, Canada and Russia have been 0:01:36.400 --> 0:01:40.240 dominated the news headlines, and we'll talk about that. But 0:01:40.240 --> 0:01:42.759 I wanna talk about a couple of other things as well. UM. 0:01:42.800 --> 0:01:46.920 You know, one thing that you may not pick up on, 0:01:47.040 --> 0:01:49.120 or maybe you don't like when you listen to me, 0:01:49.680 --> 0:01:52.320 is I talk a lot about bitcoin. Um, I don't 0:01:52.360 --> 0:01:55.720 talk so much about crypto, right, I use those words, 0:01:56.000 --> 0:01:59.200 I interchange them back and forth. Um, but you know, 0:01:59.280 --> 0:02:02.840 there's a really, really big difference between bitcoin and crypto. 0:02:03.720 --> 0:02:06.200 So a lot of times people are like, well, maybe 0:02:06.240 --> 0:02:08.560 like a Peter Shift is like, well, you know there's 0:02:08.560 --> 0:02:12.480 fifteen thousand other bitcoins, Well there's not. There's only one bitcoin, 0:02:12.520 --> 0:02:14.720 and then there's a bund there's fifteen thousand cryptos. I 0:02:14.720 --> 0:02:16.560 would also say the same thing back to Peter Shift, 0:02:16.600 --> 0:02:18.560 which is, well, there's a bunch of metal, but there's 0:02:18.600 --> 0:02:22.000 only one gold. Right, There's platinum, palladium and aluminium, steel 0:02:22.040 --> 0:02:24.400 and chrome and all these things, but there's only one gold. 0:02:25.520 --> 0:02:28.000 And so with crypto, there's only one bitcoins. We make 0:02:28.040 --> 0:02:31.359 the distinction between bitcoin and crypto, and the main differentiation 0:02:31.400 --> 0:02:34.040 that I would make in regards to that is that 0:02:34.440 --> 0:02:41.760 Bitcoin is decentralized and censorship resistant, and it's not controlled 0:02:41.800 --> 0:02:46.600 by anyone like the Federal Reserve is controlled and they 0:02:46.600 --> 0:02:49.519 can go print more money whenever they want. Bitcoin isn't 0:02:49.520 --> 0:02:52.400 controlled by anybody, and because of that, they can't change 0:02:52.440 --> 0:02:55.320 the monetary supply, they can't censor you and all these 0:02:55.320 --> 0:02:57.320 types of things. There's nobody to do that. And a 0:02:57.360 --> 0:02:59.240 lot of people might not like that, and it might 0:02:59.240 --> 0:03:01.200 be offended by that. And if so, shoot me a 0:03:01.200 --> 0:03:03.320 message on Twitter at one Mark Moss. I'd love to 0:03:03.320 --> 0:03:06.480 hear from you. Um, but I wanna there's an article 0:03:06.480 --> 0:03:08.720 that came out this week that I think really illustrates this. 0:03:08.760 --> 0:03:11.280 And so what we saw is um back to the 0:03:11.320 --> 0:03:13.880 kind of this Russia situation in first Canada and Russia 0:03:14.240 --> 0:03:16.760 and now the whole world, the United States and everybody's 0:03:16.800 --> 0:03:19.280 coming after Russia with sanctions. Right, we have to sanction 0:03:19.280 --> 0:03:21.480 then we have to take away their ability to transact 0:03:22.480 --> 0:03:27.440 um and uh. And we've we have policy makers or 0:03:27.560 --> 0:03:32.560 lawmakers they're starting to call on um cryptocurrency exchanges to 0:03:33.320 --> 0:03:35.880 censor people or sanction them, whatever you want to call it, 0:03:35.960 --> 0:03:39.760 the same thing UM. And when you're you know, these 0:03:39.800 --> 0:03:42.800 these exchanges, so I'm talking like buying ance or coin 0:03:42.840 --> 0:03:46.160 base or cracking or whatever. These are centralized companies. They're 0:03:46.200 --> 0:03:49.800 not pretending to be decentralized, right there, centralized companies UM. 0:03:49.920 --> 0:03:51.560 And you know, if the government tells them that they 0:03:51.560 --> 0:03:55.080 have to block transactions, they have to block transactions. As 0:03:55.080 --> 0:03:58.120 a matter of fact. Jesse Powell, the CEO of Kracking, 0:03:58.600 --> 0:04:00.800 I saw on Twitter somebody asked him, Hey, Jesse Powell, 0:04:01.360 --> 0:04:03.040 you know I see that the government's you know, trying 0:04:03.040 --> 0:04:05.560 to get these exchanges to censor us. UM. Will you 0:04:05.600 --> 0:04:07.440 will you guys listen to the government, and he said, yes, 0:04:08.040 --> 0:04:10.200 we will listen to the government. We cannot protect you 0:04:10.280 --> 0:04:12.440 get your money off the exchange. So they don't. They 0:04:12.440 --> 0:04:16.440 don't pretend to be decentralized. But what about crypto um. 0:04:16.440 --> 0:04:19.880 I made a statement earlier that bitcoin is the you know, 0:04:20.000 --> 0:04:24.359 the decentralized one that can't be censored, censorship resistant, and 0:04:24.400 --> 0:04:27.400 people don't like that. But but some news came out 0:04:27.440 --> 0:04:29.440 this week that I think kind of proves the point here. 0:04:29.480 --> 0:04:33.360 So this headline from just a day ago met a 0:04:33.440 --> 0:04:38.920 mask and Infura block certain areas amid crypto sanctions fury. 0:04:40.160 --> 0:04:43.440 The two pillars of the Ethereum ecosystem did not say 0:04:43.520 --> 0:04:48.040 which areas were under blockade. So but mark, isn't ethereum 0:04:48.240 --> 0:04:54.279 um decentralized, isn't x y z decentralized? Well, I don't 0:04:54.320 --> 0:04:58.200 believe that there is such thing as a decentralized ish, 0:04:58.240 --> 0:05:00.719 and I guess that's really where the debate is. So 0:05:01.000 --> 0:05:04.719 we've proven that we well we know that you know, 0:05:04.800 --> 0:05:09.080 Google and Facebook and all those on Twitter, they're centralized, right. 0:05:09.120 --> 0:05:12.280 There's a server that runs the database, and there's a 0:05:12.360 --> 0:05:14.919 group of people that run it and control it, and 0:05:15.000 --> 0:05:17.600 they change the rules right whenever they want, and that's fine. 0:05:17.640 --> 0:05:21.400 It's centralized and they can do that. The opposite of 0:05:21.440 --> 0:05:25.960 that is decentralized. Instead of one database, there's a million databases. 0:05:26.200 --> 0:05:29.440 Instead of a group of people that run it and 0:05:29.520 --> 0:05:33.280 control it, there's no people that run it and control it. Right, 0:05:33.400 --> 0:05:35.760 That's that's what it means to me. One is centralized 0:05:36.000 --> 0:05:39.680 and one is decentralized. What is it when it's in 0:05:39.680 --> 0:05:43.320 the middle, Like, well, it's it's kind of you know, 0:05:43.360 --> 0:05:45.880 it's it's kind of decentralized like a little bit, but 0:05:46.000 --> 0:05:47.320 like really, at the end of the day, like we 0:05:47.400 --> 0:05:48.960 kind of control that, we can still you know, we 0:05:49.000 --> 0:05:54.560 can still affect it. Well, is that decentralized? Ish? Does 0:05:54.600 --> 0:05:59.560 the market need decentralized? Ish? So? Um, if you're ever 0:06:00.160 --> 0:06:02.440 trying to figure out what the heck this blockchain is, 0:06:02.960 --> 0:06:05.560 if you ever read anything that says that uses the 0:06:05.560 --> 0:06:09.200 word blockchain, just in your mind, just substitute the word 0:06:09.200 --> 0:06:16.479 blockchain for slow inefficient database. So a database is very efficient, 0:06:17.000 --> 0:06:20.080 a blockchain is a very slow and inefficient database. Now, 0:06:20.080 --> 0:06:22.039 why the heck, Why the heck would you want to 0:06:22.040 --> 0:06:25.800 slow an inefficient database? Oh? Because the trade off you 0:06:25.880 --> 0:06:31.680 trade off the speed and efficiency, for security, for censorship resistent. 0:06:31.800 --> 0:06:34.480 So um, that is what we have. We have those two, 0:06:34.560 --> 0:06:36.200 but what is the one in the middle. So back 0:06:36.240 --> 0:06:40.160 to ethereum ethereum but mark Ethereum is decentralized. Right, Well, 0:06:40.680 --> 0:06:42.520 let's see, so like about six months ago, one of 0:06:42.560 --> 0:06:44.960 the big grapes that Bitcoin has is against ethereum is 0:06:44.960 --> 0:06:47.000 that bitcoin has a fixed supply. There will never be 0:06:47.080 --> 0:06:51.800 more than twenty one million bitcoin um. What's the supply 0:06:51.880 --> 0:06:54.560 of ethereum going to be? Oh, that's right, we don't know. 0:06:55.240 --> 0:06:57.120 Well that was a big right for so long that 0:06:57.279 --> 0:06:59.839 Vitalic Butterin, who's the founder of Ethereum, and some of 0:06:59.880 --> 0:07:02.320 his buddies, they got together and they decided to change it. 0:07:02.520 --> 0:07:07.159 They change the monetary issuance of the protocol. But the 0:07:07.240 --> 0:07:09.200 very fact that people can get together and change that 0:07:09.760 --> 0:07:12.480 doesn't that mean it's not decentralized. And if that's not 0:07:12.560 --> 0:07:14.360 enough proof for you, back to this headline meta mask 0:07:14.680 --> 0:07:17.160 infur a block certain areas of med crypto sanctions fury. 0:07:17.520 --> 0:07:19.800 The two pillars of the Theorum ecosystem did not say 0:07:19.800 --> 0:07:22.160 which you under a blockade? So what this is saying 0:07:22.280 --> 0:07:24.400 is that two key pieces of the etherory and ecosystem. 0:07:24.480 --> 0:07:27.200 Meta Mask and Infira moved to restrict access to users 0:07:27.200 --> 0:07:29.120 in certain areas. So meta mask is a is a 0:07:29.120 --> 0:07:33.280 wallet that helps you hold it um and okay, mark 0:07:33.320 --> 0:07:35.480 you're saying, but that's but but meta mask is sort 0:07:35.480 --> 0:07:38.120 of like a they're sort of like the wallet, So 0:07:38.360 --> 0:07:41.840 they could block it. It doesn't really change the protocol. 0:07:42.120 --> 0:07:47.560 But Infura Infura is basically the service that runs all 0:07:47.600 --> 0:07:51.880 of the other Ethereum services, and so if they can 0:07:51.960 --> 0:07:58.800 now start blocking certain jurisdictions. To this point, how decentralized 0:07:58.920 --> 0:08:02.680 is it now? A lot times bitcoiners, Um, there's like bitcoiners, 0:08:02.720 --> 0:08:05.840 and then there's like bitcoin maximalist, and there's like toxic bitcoiners, 0:08:05.840 --> 0:08:08.240 and there's like all these little subsets. But one thing 0:08:08.320 --> 0:08:10.200 that you know a lot of bitcoinners would say is 0:08:10.200 --> 0:08:12.320 they call everything a scam. And I don't like to 0:08:12.360 --> 0:08:16.280 just throw that word around. Um lightly um. I think 0:08:16.320 --> 0:08:17.920 words start to lose their meaning after a while. I 0:08:18.000 --> 0:08:20.080 call it someone you don't agree with their they're racist, 0:08:20.120 --> 0:08:21.840 and it's like, come on you, you just can't just 0:08:21.880 --> 0:08:24.480 throw those words around. A scam is if I were 0:08:24.560 --> 0:08:27.280 to sell you something and then not give it to you, 0:08:27.360 --> 0:08:29.560 or give you something different in in return, right, it 0:08:29.560 --> 0:08:32.040 would be like a scam. And so if you are 0:08:32.200 --> 0:08:36.400 told that this is a decentralized protocol and then you 0:08:36.440 --> 0:08:39.240 find out that they can just change then they can 0:08:39.280 --> 0:08:41.840 just change the monetary supply, or they can just censor 0:08:41.880 --> 0:08:45.160 you when they want. Doesn't that mean it's not decentralized. 0:08:45.400 --> 0:08:48.000 And if you were sold it that it was decentralized, 0:08:48.040 --> 0:08:50.240 then you find out it's not decentralized, would that be 0:08:50.280 --> 0:08:53.280 a scam? I'm asking a question. You can figure that 0:08:53.280 --> 0:08:55.640 out on your own, you know. Listen to the Mark 0:08:55.679 --> 0:08:57.840 Marchell will be right back. All right, welcome back. You 0:08:57.880 --> 0:08:59.839 are listening to the Mark Ma Show. We are talking 0:08:59.880 --> 0:09:04.120 to about the intersection of politics, technology and finance. It's 0:09:04.120 --> 0:09:07.000 an amazing time to be alive witnessing altogether. We're witnessing 0:09:07.360 --> 0:09:11.679 bitcoin and cryptocurrencies and the decentralized revolution changing the world 0:09:11.920 --> 0:09:15.200 right before our very eyes. We're talking about some of 0:09:15.200 --> 0:09:18.680 the latest breaking news headlines that have come out this week. 0:09:18.720 --> 0:09:21.000 Of course, I want to keep you up to date 0:09:21.040 --> 0:09:24.079 on what's happening and of course bring some context and 0:09:24.080 --> 0:09:26.520 and uh, I guess some of my own opinion to 0:09:26.600 --> 0:09:28.240 that as well, so you can kind of understand what's 0:09:28.280 --> 0:09:32.160 going on. Um. Of course, this whole Russia thing, Russia, 0:09:32.280 --> 0:09:35.880 Ukraine and sanctions has been dominating the headlines, and we've 0:09:35.920 --> 0:09:41.760 seen we've seen cryptocurrency come out to I guess, uh, 0:09:42.520 --> 0:09:45.080 save the day, if you will. But what's interesting is 0:09:45.200 --> 0:09:47.600 um not just cryptocurrency being used for that way, but 0:09:47.720 --> 0:09:49.520 even in the way that it's being done so. In 0:09:49.559 --> 0:09:51.960 Canada we saw the truckers like to go fund me 0:09:52.160 --> 0:09:55.880 campaigns get seized. But here we have this Russia invading 0:09:55.960 --> 0:10:01.160 Ukraine and the Ukrainian government the act well, Ukrainian government 0:10:01.160 --> 0:10:06.199 has been out soliciting donations in crypto from the headline, 0:10:06.240 --> 0:10:09.160 says Uh. The Ukrainian government has been soliciting crypto donations 0:10:09.200 --> 0:10:12.440 from its official Twitter account in the form of bitcoin, 0:10:12.960 --> 0:10:19.640 ethereum and the dollar denominated stable coin tether wow. The 0:10:19.760 --> 0:10:23.120 Ukrainian exchanges facilitating donations. That money is being used to 0:10:23.160 --> 0:10:27.720 support evacuees and local military personnel with drones, heat vision 0:10:27.760 --> 0:10:32.640 goggles and gas wow it says UH. The blockchain analytics 0:10:32.679 --> 0:10:35.480 firm says that the Ukrainian government has raised millions of dollars. 0:10:35.520 --> 0:10:38.200 I think I saw as of yesterday had raised like 0:10:38.240 --> 0:10:42.400 over fifty million dollars. So not only were seeing you know, 0:10:42.440 --> 0:10:45.560 bitcoin and cryptocurrency, I should say crypto being used, bitcoin 0:10:45.640 --> 0:10:50.880 and ethereum um, but we're seeing in a government crowdfunding 0:10:51.120 --> 0:10:56.120 their own defense. Pretty interesting. Um. You know, the government, 0:10:56.320 --> 0:10:58.360 the US government's pledge to give us some money for 0:10:58.400 --> 0:11:01.200 the for the Ukrainians. But here we have both, right, 0:11:01.320 --> 0:11:05.480 cryptocurrency coming to the forefront, and and we're watching a 0:11:05.520 --> 0:11:11.240 government crowdfund their own effort, and we're seeing people jump in. 0:11:11.640 --> 0:11:17.440 Like I said, about fifty million had been raised. Pretty interesting. 0:11:17.520 --> 0:11:21.360 Individual investors and influencers have jumped into crypto. Billionaire Sam 0:11:21.360 --> 0:11:25.559 Bankman Freed, he's the founder of ft x exchange. He 0:11:25.600 --> 0:11:28.360 gave two fifty dollars in tether. So tether is a 0:11:28.440 --> 0:11:31.480 U S dollars back stable coin, so that means one 0:11:31.520 --> 0:11:34.520 tether coin is always worth one dollar um. So he 0:11:34.520 --> 0:11:37.960 gave two and tether so basically in dollars. Um. Chain 0:11:38.040 --> 0:11:41.240 dot Com ceo Depak whatever his name is, donated a 0:11:41.320 --> 0:11:45.199 hundred ethereum. That's pretty good. Um. I think ethereum is 0:11:45.200 --> 0:11:50.640 about three today, so hundred times would I say a 0:11:50.760 --> 0:11:57.200 hundred about twom um? Yeah, about two and seventy seven 0:11:57.200 --> 0:11:59.240 at the time. Bankman Freed also said his company f 0:11:59.360 --> 0:12:02.679 t X was giving twenty five to every Ukrainian user. 0:12:02.840 --> 0:12:05.280 So wow, if you're a Ukrainian user, or if you 0:12:05.320 --> 0:12:07.080 know someone that's Ukrainian, they should probably go get an 0:12:07.120 --> 0:12:08.800 account there and get twenty five dollars for free. It's 0:12:08.840 --> 0:12:11.600 pretty cool. Um. So, anyway, we're seeing crypto come to 0:12:11.600 --> 0:12:15.120 the spotlight here. Um, I thought that was pretty interesting. Now, 0:12:15.320 --> 0:12:18.400 remember I talked about that price is not the most 0:12:18.440 --> 0:12:21.439 important thing to look at when we're looking at new technology. 0:12:21.679 --> 0:12:23.640 The two things that we want to look at our 0:12:24.000 --> 0:12:28.520 user growth, the network effects and the development happened on 0:12:28.600 --> 0:12:31.800 the protocol. And so the events that happened in Canada, 0:12:32.240 --> 0:12:34.720 the events that are happening in Russia and Ukraine are 0:12:34.840 --> 0:12:39.800 driving millions of new users onto cryptocurrencies in an instant, 0:12:39.880 --> 0:12:42.640 in a heartbeat. Um. And so if we're not looking 0:12:42.640 --> 0:12:45.120 at the price, but we're looking at those other two metrics, 0:12:45.120 --> 0:12:48.360 then uh, I mean it's extremely bullish. And of course 0:12:48.360 --> 0:12:52.920 bitcoin has rallied. Um. Cryptocurrency has rallied based off of 0:12:52.920 --> 0:12:55.319 the news. As a matter of fact, Bitcoin is up 0:12:55.360 --> 0:12:57.640 about down a little bit today, but we're up almost 0:12:57.640 --> 0:13:00.800 thirty percent from where we were just re cently. I 0:13:00.840 --> 0:13:03.839 think based off of all this attention, we see Ethereum 0:13:03.960 --> 0:13:07.760 is up about the same about um doing good. A 0:13:07.800 --> 0:13:10.000 lot of the crypto projects haven't really caught up to 0:13:10.040 --> 0:13:13.320 that yet. So um they're up, you know, depends on 0:13:13.360 --> 0:13:15.400 which one, but might be up a little bit less 0:13:15.400 --> 0:13:18.439 than Bitcoin and ethereum, and probably because Bitcoin Ethereum are 0:13:18.440 --> 0:13:21.000 the ones getting all the action and attention al right, 0:13:21.040 --> 0:13:24.280 like I said, even the Ukrainian government is doing that. 0:13:25.440 --> 0:13:27.520 And then you know, back to these uh, back to 0:13:27.559 --> 0:13:31.600 these sanctions. Um, it's it's getting pretty popular here um. 0:13:31.720 --> 0:13:33.200 I think I talked about this in the first hour, 0:13:33.280 --> 0:13:35.640 but you know, sanctions are basically it's the stick. It's 0:13:35.640 --> 0:13:38.600 a way to get nations to move the way that 0:13:38.640 --> 0:13:41.640 you want. And so we've seen all these companies have 0:13:41.679 --> 0:13:46.920 announced sanctions against Russia. So we see um. Visa and 0:13:46.960 --> 0:13:50.600 MasterCard have both announced they will be blocking Russian banks 0:13:50.640 --> 0:13:54.640 from their network. That's pretty serious. Now. I feel bad 0:13:54.679 --> 0:13:56.960 for the actual Russian people who may need to buy 0:13:57.000 --> 0:13:58.559 things with their Visa master Card that may not be 0:13:58.600 --> 0:14:01.560 able to. Warner Meat announced on Monday it would not 0:14:01.600 --> 0:14:06.839 be releasing the Batman in Russia this weekend. That's kind 0:14:06.840 --> 0:14:10.000 of that's actually kind of comical, like, of all the sanctions, 0:14:10.200 --> 0:14:14.040 we're not going to give you Batman. Okay, that's kind 0:14:14.040 --> 0:14:16.839 of funny. Netflix announced Tuesday it's pausing all projects and 0:14:16.880 --> 0:14:22.560 acquisitions from Russia. Disney said, uh, all releases, all releases 0:14:22.560 --> 0:14:24.520 in Russia will be halted due to the country's attack 0:14:24.560 --> 0:14:28.040 on Ukraine. So, um, no more Disney Princess movies unfortunately 0:14:28.160 --> 0:14:32.920 for the Russians. Uh. Pretty interesting. The thing about this 0:14:33.040 --> 0:14:37.200 is like again, this this illustrates the difference of centralization 0:14:37.440 --> 0:14:42.760 versus decentralization. Right, So these are centralized companies and you know, 0:14:42.880 --> 0:14:46.240 I guess they can do that if they want to write. Um. 0:14:46.320 --> 0:14:50.600 The difference is with bitcoin, nobody can decide that, And 0:14:50.640 --> 0:14:55.560 I get it. That's messy. Freedom is messy. Freedom means 0:14:55.680 --> 0:14:59.080 that you have the freedom to do something I might 0:14:59.160 --> 0:15:03.600 not like. The thing is is who's to decide what 0:15:03.760 --> 0:15:06.200 you like and what you don't like. So, for example, 0:15:07.440 --> 0:15:09.240 you know in the US they want to pass these, uh, 0:15:09.600 --> 0:15:12.120 these hate speech laws. If you say something I hate, 0:15:12.680 --> 0:15:16.000 then you know you could be fined. Well, my daughter 0:15:16.160 --> 0:15:19.520 hates vanilla ice cream. If I say something about vanilla 0:15:19.520 --> 0:15:22.000 ice cream, and she hates that. Should I be find 0:15:22.960 --> 0:15:27.520 who defines what that is? Right now, under freedom, you 0:15:27.600 --> 0:15:29.280 have the right to say something I don't like, but 0:15:29.440 --> 0:15:32.560 I also have the freedom not to listen to that. 0:15:33.640 --> 0:15:37.160 So freedom is pretty messy. But you know, back to 0:15:37.280 --> 0:15:41.160 kind of the intersection of politics, finance, and technology, UM, 0:15:41.200 --> 0:15:43.600 and what's happening over here in Russia. Not only is 0:15:43.640 --> 0:15:48.600 it pushing cryptocurrency and bitcoin to the center stage UM, 0:15:48.640 --> 0:15:51.120 and then of course, uh, lots of rules and regulations 0:15:51.160 --> 0:15:54.360 coming out on top of that. It's also perfect cover 0:15:54.960 --> 0:15:58.960 for the central banks of the United States, the Photo Reserve, 0:15:59.040 --> 0:16:01.480 to start printing more money. And we talked about this 0:16:01.520 --> 0:16:04.280 from a financial standpoint. I've been talking about for quite 0:16:04.280 --> 0:16:07.040 a long time that the the Fed, the Federal Reserve, 0:16:07.120 --> 0:16:09.640 they're really stuck between a rock and a hard place here. 0:16:10.080 --> 0:16:12.440 If they continue to print more money to keep the 0:16:12.480 --> 0:16:16.720 markets propped up, inflation just runs too high, like gas 0:16:16.760 --> 0:16:20.360 and steak and bread. It's becoming unaffordable and people aren't 0:16:20.360 --> 0:16:23.240 happy about that. But if they stop printing money to 0:16:23.280 --> 0:16:25.880 try to control inflation and raise rates like they promised to, 0:16:26.440 --> 0:16:29.880 then the markets start to collapse because you can't taper 0:16:29.880 --> 0:16:33.320 a ponzi. So they're kind of stuck. We're ack in 0:16:33.360 --> 0:16:35.440 a hard place. If we keep printing too much inflation, 0:16:35.480 --> 0:16:39.640 people aren't happy. So what if we pretend that we're 0:16:39.680 --> 0:16:41.880 going to do something about it, Like we're gonna pretend 0:16:41.880 --> 0:16:46.520 that we're gonna raise rates UM and then we blame 0:16:46.600 --> 0:16:50.160 inflation on something else. So we're starting to see headlines 0:16:50.200 --> 0:16:53.080 that are popping up that says that um, because of 0:16:53.080 --> 0:16:57.000 the Russia and uh Russia Ukraine conflict, we could see 0:16:57.000 --> 0:17:01.440 inflation rages high as ten percent UM. Here we have 0:17:01.520 --> 0:17:04.640 oil jumps to the highest since two thousand eleven, as 0:17:04.640 --> 0:17:08.880 Opek holds outlook steady despite Russia's war on Ukraine. So 0:17:09.119 --> 0:17:12.200 oils jumped to its highest level since two thousand eleven. 0:17:12.200 --> 0:17:15.679 And guess what happens if oil goes up? Yeah, gas 0:17:15.680 --> 0:17:18.399 goes up. So what a good way to hide inflation 0:17:18.560 --> 0:17:22.120 but to start a war? Interesting times. Now you listen 0:17:22.119 --> 0:17:23.879 to the Mark Moa show, We're talking about bitcoin, of 0:17:23.880 --> 0:17:27.520 the decentralized revolution. We're talking about politics and finance coming together. 0:17:27.880 --> 0:17:29.680 I got a lot more. I want to talk about 0:17:30.359 --> 0:17:32.000 the FED raising raids. I want to talk about the 0:17:32.000 --> 0:17:36.040 impact on global UM metrics UM, a lot more to cover. 0:17:36.240 --> 0:17:38.439 Do not go away. I'll be right back, all right, 0:17:38.480 --> 0:17:40.679 welcome back. You are listening to the Markma Show, and 0:17:40.720 --> 0:17:44.280 we're talking about bitcoin of the decentralized revolution. We're talking 0:17:44.320 --> 0:17:47.800 about the intersection of politics and finance and technology together. 0:17:49.400 --> 0:17:51.159 And there's a never ending amount of news coming out 0:17:51.280 --> 0:17:52.720 right now. Now. I've spent a lot of time talking 0:17:52.720 --> 0:17:54.639 about what's going on in Russia and Ukraine and the 0:17:54.680 --> 0:17:58.480 sanctions um, because it's dominating the news headlines. But there's 0:17:58.520 --> 0:18:01.720 a lot more going on. And just that before the break, 0:18:01.720 --> 0:18:03.879 I was talking about how you know inflation has been 0:18:03.960 --> 0:18:08.360 raging on, and what a good way to hide all 0:18:08.400 --> 0:18:11.879 the money printing caused inflation? Then to blame it on 0:18:11.880 --> 0:18:15.560 a war. It's pretty good, pretty good way to do that. 0:18:16.160 --> 0:18:18.520 I saw a headline here it says, uh, like I said, 0:18:18.640 --> 0:18:21.119 rising gas prices from rush of Ukraine conflict will hit 0:18:21.200 --> 0:18:27.320 Angelinos Los Angeleos who can least afford it. Dang gas 0:18:27.400 --> 0:18:32.399 surpast six dollars a gallon if you're in Los Angeles. 0:18:32.440 --> 0:18:33.919 Ain't two good for years? A matter of fact, I 0:18:33.960 --> 0:18:37.199 see six dollars and thirty five cents a gallon in 0:18:37.280 --> 0:18:40.040 Los Angeles. I live in southern California, not l A. 0:18:40.200 --> 0:18:43.080 I haven't filled up my truck recently. Shoot, I'm I'm 0:18:43.080 --> 0:18:46.040 afraid to go. Look now, and it does hit the 0:18:46.080 --> 0:18:49.000 people that UM can least afford it the worst. Right, So, 0:18:49.080 --> 0:18:51.000 if you make a million dollars, the amount of money 0:18:51.000 --> 0:18:53.320 you spend on gas is a small percentage of your 0:18:53.840 --> 0:18:56.480 UM income versus if you make thirty dollars a year. 0:18:57.560 --> 0:18:59.600 And especially what happens with a lot of lower income 0:18:59.600 --> 0:19:01.520 people too, is then they have to commute further because 0:19:01.520 --> 0:19:03.280 they have to go live where it's cheaper. So now 0:19:03.359 --> 0:19:06.199 not only that they're the percentage or the percentage of 0:19:06.480 --> 0:19:09.160 their income they spend on gas is actually probably even 0:19:09.240 --> 0:19:14.920 bigger because of that. UM so interesting way to hide this. 0:19:15.200 --> 0:19:18.240 UM war is never good. I'm not an advocate of war. 0:19:18.280 --> 0:19:21.720 I'm not an advocate of violence and UM Like I said, Uh, 0:19:21.840 --> 0:19:27.000 it's it's all these unintended consequences that are that that 0:19:27.080 --> 0:19:30.040 happened because of this, and uh, you know, none of 0:19:30.119 --> 0:19:31.760 us care about the Russians, and I don't think the 0:19:31.840 --> 0:19:34.080 Russians are mad at the Ukrainians either. It's these leaders. 0:19:34.320 --> 0:19:37.240 We've got to put it where put your put your 0:19:37.520 --> 0:19:42.199 angst where it is needed, not where it's not. Um. 0:19:42.240 --> 0:19:44.800 What's interesting though, is if you look through the news headlines, 0:19:45.200 --> 0:19:48.240 there's a lot of headlines that are trying to really 0:19:48.320 --> 0:19:50.720 tug on our heart strings and really get us, like 0:19:50.880 --> 0:19:54.800 really emotionally involved into this. And I would ask why, like, 0:19:54.920 --> 0:19:58.080 why is it that they're really trying to get everybody involved? 0:19:58.080 --> 0:20:00.800 They want us to back their effort. You know that 0:20:01.000 --> 0:20:06.680 you've probably heard of nationalism, and nationalism is a way where, um, 0:20:06.720 --> 0:20:08.359 it's kind of like you know, I'm sure you know 0:20:08.400 --> 0:20:10.600 plenty of people who are like really into sports, right, 0:20:10.640 --> 0:20:12.800 football or baseball or whatever, and they talk about their 0:20:12.840 --> 0:20:14.600 team and it's and then when they talk about their 0:20:14.600 --> 0:20:16.879 game if they won, it's like we won or we lost. 0:20:16.920 --> 0:20:19.480 It's like you don't even play all right, But people 0:20:19.520 --> 0:20:21.840 get so into their teams, and nationally is kind of 0:20:21.880 --> 0:20:24.800 the same way where they get us so into our country. 0:20:24.800 --> 0:20:29.840 It's us versus them, go America kind of a thing. Um, 0:20:29.880 --> 0:20:31.840 it's not a good situation. I'm not talking about against it, 0:20:31.840 --> 0:20:34.520 but just be aware when you're watching this information of 0:20:34.640 --> 0:20:36.680 which side you're siting on. And like I said, think 0:20:36.720 --> 0:20:40.160 about what these um knock on effects or other other 0:20:40.240 --> 0:20:44.960 effects really are I saw, um, you know, back to 0:20:45.040 --> 0:20:46.879 the Fed raising rates. I was talking about the Feds 0:20:46.920 --> 0:20:48.720 kind of stuck between this rock and a hard place. 0:20:50.160 --> 0:20:54.520 And it seems like they had committed to raising rates 0:20:54.720 --> 0:20:58.840 about seven times they had committed to stopping the taper. 0:20:58.960 --> 0:21:01.560 So what does that mean? So they're pumping money into 0:21:01.640 --> 0:21:04.679 the markets, they're stimulating the markets, and they want to 0:21:04.680 --> 0:21:07.840 start tapering that off, meaning they're not going to stop 0:21:07.880 --> 0:21:09.600 pumping money in, but they were gonna start tapering it, 0:21:09.680 --> 0:21:12.400 meaning cutting back the amount of stimulus they were providing. 0:21:14.040 --> 0:21:17.200 Of course, Um, they said they were going to end 0:21:17.240 --> 0:21:20.240 it by March, which is this month, and that doesn't 0:21:20.240 --> 0:21:25.560 know it's happening. And now they're saying that, um, you know, shoot, 0:21:25.840 --> 0:21:28.960 now because we've sanctioned Russia, Um, there's gonna be a 0:21:29.000 --> 0:21:32.640 lot less dollars going around the banking system and we 0:21:32.720 --> 0:21:36.879 might need to now make more dollars and inject them 0:21:36.920 --> 0:21:40.359 into the system. What an interesting turn of events. And 0:21:40.400 --> 0:21:43.600 now it's looking like, um, the rate hikes and the 0:21:43.680 --> 0:21:46.879 SIMP stimulus could be off the table, because of course 0:21:47.320 --> 0:21:50.479 we need to have that liquidity otherwise. They're warning us 0:21:50.480 --> 0:21:53.520