1 00:00:00,080 --> 00:00:02,120 Speaker 1: Welcome back to another episode of the Mark Moa Show, 2 00:00:02,120 --> 00:00:05,280 Speaker 1: where we talk about the decentralized revolution that is changing 3 00:00:05,280 --> 00:00:08,480 Speaker 1: the world as we know it right before our very eyes. 4 00:00:08,560 --> 00:00:10,600 Speaker 1: Of course, if you know what you're looking at, and 5 00:00:10,640 --> 00:00:13,119 Speaker 1: we do this by looking at through the lens of 6 00:00:13,240 --> 00:00:17,040 Speaker 1: three converging things, politics, finance, and technology, and of course 7 00:00:17,800 --> 00:00:22,760 Speaker 1: it's all being headed up, the catalyst being bitcoin, that's right, 8 00:00:22,760 --> 00:00:26,200 Speaker 1: the decentralized technology. As we talk about that. Now, I 9 00:00:26,200 --> 00:00:28,640 Speaker 1: try to bring to you some education so you can 10 00:00:28,680 --> 00:00:31,400 Speaker 1: understand exactly what's going on in the marketplace today. Try 11 00:00:31,440 --> 00:00:33,879 Speaker 1: to bring to you the latest breaking news so you 12 00:00:33,880 --> 00:00:36,199 Speaker 1: can stay up to date on everything. I want to 13 00:00:36,200 --> 00:00:38,280 Speaker 1: make sure you're prepared for all those conversations you're gonna 14 00:00:38,280 --> 00:00:41,120 Speaker 1: have at those weekend cocktail parties, of course, so you 15 00:00:41,159 --> 00:00:43,360 Speaker 1: look like you're really smart. Don't worry. I got your back. 16 00:00:43,720 --> 00:00:46,400 Speaker 1: And then of course I bring to you some interesting guests. 17 00:00:46,440 --> 00:00:48,040 Speaker 1: You don't have to listen to me talk all the time. 18 00:00:48,520 --> 00:00:50,680 Speaker 1: And right now we are looking at some of the 19 00:00:50,680 --> 00:00:53,400 Speaker 1: biggest pieces of news that came out over the week, 20 00:00:53,520 --> 00:00:56,279 Speaker 1: so you can stay up to date with what's going on. 21 00:00:57,440 --> 00:01:02,120 Speaker 1: And so man, there is there is, there is no 22 00:01:02,440 --> 00:01:04,640 Speaker 1: end to the amount of changes, the amount of news 23 00:01:04,680 --> 00:01:06,560 Speaker 1: that's coming out, the amount of directions that we could 24 00:01:06,600 --> 00:01:10,480 Speaker 1: go by this. But of course, um, it all starts 25 00:01:10,600 --> 00:01:13,200 Speaker 1: with the money. And if we start with the money, 26 00:01:13,240 --> 00:01:15,840 Speaker 1: it starts with the central banks, as those are the 27 00:01:15,920 --> 00:01:19,200 Speaker 1: central planners that plan how much money we have in 28 00:01:19,240 --> 00:01:20,959 Speaker 1: the system. Of course, more money we have, the better 29 00:01:21,000 --> 00:01:23,440 Speaker 1: things are. The less money we have the worst things are. 30 00:01:23,959 --> 00:01:27,240 Speaker 1: Imagine that, right, not not hard to imagine that. And 31 00:01:27,280 --> 00:01:30,479 Speaker 1: of course the central planners, the central banking the United States, 32 00:01:30,480 --> 00:01:33,440 Speaker 1: the Federal Reserve Um headed up by Jerome Powell, has 33 00:01:33,480 --> 00:01:38,000 Speaker 1: been under fire lately. He has been testifying before Congress 34 00:01:38,040 --> 00:01:39,880 Speaker 1: this week. They want to know what the heck he's 35 00:01:39,920 --> 00:01:46,959 Speaker 1: doing to one combat inflation, because inflation is just way 36 00:01:46,959 --> 00:01:50,320 Speaker 1: too high. Apparently they have a target goal of two 37 00:01:50,320 --> 00:01:52,720 Speaker 1: percent inflation, meaning they only want to steal two percent 38 00:01:52,760 --> 00:01:55,639 Speaker 1: in your wealth per year, but they are way over that. 39 00:01:55,720 --> 00:01:57,760 Speaker 1: They couldn't get over that, and now they've gone way 40 00:01:57,760 --> 00:01:59,880 Speaker 1: too far in their up at about eight point six 41 00:02:00,160 --> 00:02:02,920 Speaker 1: in almost nine percent. Of course that's their manipulated number. 42 00:02:03,200 --> 00:02:07,200 Speaker 1: Real numbers probably about seventeen. But while the Federal Reserve 43 00:02:07,240 --> 00:02:11,400 Speaker 1: is trying to bring this under control. They are destroying 44 00:02:11,639 --> 00:02:15,799 Speaker 1: everything else. And so you know, the saying is, when 45 00:02:15,800 --> 00:02:17,160 Speaker 1: all you have the hammer, the whole world looks like 46 00:02:17,200 --> 00:02:18,880 Speaker 1: a nail. And when you're a central bank and all 47 00:02:18,880 --> 00:02:22,280 Speaker 1: you have his money, then the only tool you can 48 00:02:22,440 --> 00:02:26,679 Speaker 1: do to stimulate and slow markets down is money. That's 49 00:02:26,760 --> 00:02:30,320 Speaker 1: that's what they got, and so they can manipulate the 50 00:02:30,320 --> 00:02:33,280 Speaker 1: markets through pulling out the money. The problem is that's 51 00:02:33,320 --> 00:02:36,799 Speaker 1: not a fine too. It's not a finely tuned instrument. 52 00:02:36,840 --> 00:02:40,240 Speaker 1: It's not a scalpel. It's like trying to perform surgery 53 00:02:40,280 --> 00:02:43,200 Speaker 1: with the chainsaw, right, You're just you're just gonna take 54 00:02:43,200 --> 00:02:44,680 Speaker 1: out big chunks. And it just kind of is what 55 00:02:44,720 --> 00:02:47,120 Speaker 1: it is. And so while the FED is trying to 56 00:02:47,280 --> 00:02:49,920 Speaker 1: tame inflation, and again all they have is money, they 57 00:02:49,919 --> 00:02:52,400 Speaker 1: have to pull the punch bowl back. Now they can't 58 00:02:52,400 --> 00:02:56,680 Speaker 1: do it in little strides because they so overreacted trying 59 00:02:56,680 --> 00:02:58,320 Speaker 1: to get the inflation of the inflation is so high. 60 00:02:58,320 --> 00:03:01,120 Speaker 1: They have to do massive, drastic actions to get the 61 00:03:01,120 --> 00:03:03,800 Speaker 1: inflation back down, which is of course they're doing, and 62 00:03:03,840 --> 00:03:06,840 Speaker 1: they're destroying everything in its wake. So what do what 63 00:03:06,919 --> 00:03:09,320 Speaker 1: do I mean by that? Well, if you haven't been 64 00:03:09,360 --> 00:03:12,760 Speaker 1: paying attention it's kind of a complete blood bath out 65 00:03:12,760 --> 00:03:15,920 Speaker 1: there in the markets right now. We have mortgage rates 66 00:03:15,960 --> 00:03:18,480 Speaker 1: in the real estate market have gone up more than 67 00:03:18,520 --> 00:03:22,399 Speaker 1: a hundred percent, and like the last six months, more 68 00:03:22,440 --> 00:03:26,040 Speaker 1: than a hundred more, they've doubled. Interest rates doubled. That's 69 00:03:26,080 --> 00:03:28,639 Speaker 1: insane in in six months. I don't know if we've 70 00:03:28,680 --> 00:03:32,639 Speaker 1: ever seen that much that fast. Um so um. That's 71 00:03:32,680 --> 00:03:36,560 Speaker 1: a that's a that's what's called a leading indicator. When 72 00:03:36,560 --> 00:03:40,920 Speaker 1: interest rates go up, guess what happens. Mortgage applications go down. 73 00:03:41,000 --> 00:03:43,280 Speaker 1: Not as many people apply for mortgages. When you don't 74 00:03:43,320 --> 00:03:46,960 Speaker 1: have as many mortgage applications, guess what happens. Less homes 75 00:03:47,040 --> 00:03:49,840 Speaker 1: get sold. When you have less homes being sold, or 76 00:03:49,880 --> 00:03:53,520 Speaker 1: less buyers of homes, guess what happens. Prices come down. Right, 77 00:03:53,560 --> 00:03:56,120 Speaker 1: So it's a leading indicator that tells us what will happen. Um. 78 00:03:56,160 --> 00:03:58,080 Speaker 1: And so that's what you've got to look forward to. 79 00:03:58,120 --> 00:04:02,000 Speaker 1: What else, Well, we got the markets. We have the Nasdaq, 80 00:04:02,120 --> 00:04:05,200 Speaker 1: which is the index that tracks most of the stock positions. 81 00:04:05,240 --> 00:04:09,320 Speaker 1: The growth the tech positions is down massively. As a 82 00:04:09,320 --> 00:04:11,760 Speaker 1: matter of fact, about over half of the positions are 83 00:04:11,800 --> 00:04:13,640 Speaker 1: down by more than half a lot of the big 84 00:04:13,720 --> 00:04:19,320 Speaker 1: darlians are down six percent, including Shopify. Uh. Including Facebook, 85 00:04:19,360 --> 00:04:23,320 Speaker 1: Facebook's getting smashed um, and so many others are getting 86 00:04:23,360 --> 00:04:27,000 Speaker 1: smashed um tech stocks. Even the SMP five hundred is 87 00:04:27,320 --> 00:04:30,040 Speaker 1: barely hanging on by a threat of course Facebook. As 88 00:04:30,080 --> 00:04:33,480 Speaker 1: in the SMP, it's mostly being propped up by Apple 89 00:04:34,080 --> 00:04:36,360 Speaker 1: that is dealing with its own problems. And most likely 90 00:04:36,400 --> 00:04:39,320 Speaker 1: we'll see the SMP FI gets smashed down. I wouldn't 91 00:04:39,320 --> 00:04:42,200 Speaker 1: be surprised to see that drop. I think we're down 92 00:04:42,200 --> 00:04:45,520 Speaker 1: about twenty from their high right now. Maybe we see 93 00:04:45,520 --> 00:04:48,840 Speaker 1: that get tot off of its high, which is massive. 94 00:04:49,960 --> 00:04:52,320 Speaker 1: Is a bear market, so we're below that, And of 95 00:04:52,360 --> 00:04:54,600 Speaker 1: course that brings me all the way around to where 96 00:04:54,600 --> 00:04:57,040 Speaker 1: I'm trying to get to, which is the cryptocurrency markets. 97 00:04:57,040 --> 00:04:59,520 Speaker 1: And of course the cryptocurrency markets have been completely smashed 98 00:04:59,560 --> 00:05:05,039 Speaker 1: as well. Bitcoin is off about seventy percent from its 99 00:05:05,080 --> 00:05:09,160 Speaker 1: previous all time high so UM, worse than some stocks, 100 00:05:09,200 --> 00:05:11,960 Speaker 1: better than a lot of well known tech stocks UM. 101 00:05:11,960 --> 00:05:14,560 Speaker 1: But either way, it's still down by quite quite a lot. 102 00:05:14,600 --> 00:05:18,200 Speaker 1: And of course the cryptocurrency market overall is down even more, 103 00:05:18,279 --> 00:05:24,200 Speaker 1: with many positions down eight even plus and so UM. 104 00:05:24,240 --> 00:05:25,800 Speaker 1: A lot of people are losing all the money there, 105 00:05:25,960 --> 00:05:28,760 Speaker 1: at least on paper, right. So one of the things 106 00:05:28,760 --> 00:05:30,320 Speaker 1: that that's trying to do is they're trying to alter 107 00:05:30,360 --> 00:05:33,040 Speaker 1: what they call the wealth effect. When your stocks or 108 00:05:33,040 --> 00:05:35,200 Speaker 1: your home losers value even though you're not selling it, 109 00:05:35,240 --> 00:05:39,480 Speaker 1: you just feel less wealthy and so um, you know, 110 00:05:39,600 --> 00:05:41,960 Speaker 1: you made the wealth on paper, you lost the wealth 111 00:05:42,000 --> 00:05:44,039 Speaker 1: on paper, But did you really make or lose anything. 112 00:05:44,640 --> 00:05:47,919 Speaker 1: But of course, um, as these cryptocurrency positions are losing 113 00:05:47,960 --> 00:05:50,920 Speaker 1: massive amounts of value, you have to look into why 114 00:05:50,920 --> 00:05:53,640 Speaker 1: why are they losing value? Well, it's kind of the 115 00:05:53,720 --> 00:05:56,240 Speaker 1: same thing that's happening across all of the markets, and 116 00:05:56,240 --> 00:06:01,240 Speaker 1: it's typically, uh, brought on by something called leverage. That 117 00:06:01,279 --> 00:06:03,920 Speaker 1: means I've used leverage to help me grow. Typically that's 118 00:06:03,920 --> 00:06:07,040 Speaker 1: done through loans, So I've used loans, I've used debt 119 00:06:07,040 --> 00:06:09,120 Speaker 1: to help me grow faster. The problem is, as things 120 00:06:09,120 --> 00:06:13,479 Speaker 1: started going the opposite direction, that leverage helps you lose 121 00:06:13,520 --> 00:06:16,600 Speaker 1: money faster as well. And so that's exactly what's been 122 00:06:16,600 --> 00:06:19,280 Speaker 1: happening in the cryptocurrency space. But it's also been brought 123 00:06:19,360 --> 00:06:23,200 Speaker 1: on by quite a bit of um well, a massive 124 00:06:23,200 --> 00:06:28,360 Speaker 1: amount of mismanagement, and I'm guessing elite for sure, some 125 00:06:28,520 --> 00:06:31,680 Speaker 1: if not quite a bit um fraud on top of that, 126 00:06:32,520 --> 00:06:35,159 Speaker 1: and so um, of course when that happens, uh, you 127 00:06:35,200 --> 00:06:37,400 Speaker 1: know you and I we we certainly can't deal with 128 00:06:37,440 --> 00:06:40,760 Speaker 1: any risk. I mean, imagine if we had risk in 129 00:06:40,760 --> 00:06:42,640 Speaker 1: our lives. So we need the government to step in 130 00:06:42,680 --> 00:06:45,359 Speaker 1: and protect us. Right, hopefully the government can protect us 131 00:06:45,400 --> 00:06:48,360 Speaker 1: from any risk, and that's exactly what they're trying to do. 132 00:06:48,760 --> 00:06:51,880 Speaker 1: Chairman J. Powell from the Federal Reserve says that they 133 00:06:51,920 --> 00:06:59,480 Speaker 1: are tracking crypto market volatility very closely. What does that mean? 134 00:06:59,720 --> 00:07:02,840 Speaker 1: Or try king it very closely? Now? As I just said, 135 00:07:03,600 --> 00:07:08,160 Speaker 1: many of the Wall Street darl and tech stocks shopify, 136 00:07:08,520 --> 00:07:14,080 Speaker 1: peloton Um Square Um. I can't even think of all 137 00:07:14,120 --> 00:07:16,120 Speaker 1: on the top of my head. But they're down way 138 00:07:16,120 --> 00:07:18,280 Speaker 1: more than Bitcoin and as much as most of the 139 00:07:18,280 --> 00:07:22,640 Speaker 1: cryptocurrency space. So is Jerome Powell also iron that is 140 00:07:22,640 --> 00:07:24,920 Speaker 1: he also I in the vaultil in the stock market, 141 00:07:24,960 --> 00:07:27,400 Speaker 1: because he probably should he if he isn't. But it 142 00:07:27,400 --> 00:07:29,400 Speaker 1: says here that Jerome Powell, Chairman of the Federal Reserve, 143 00:07:29,480 --> 00:07:33,160 Speaker 1: told a Senate committee Wednesday that officials at the US 144 00:07:33,200 --> 00:07:37,000 Speaker 1: Central Bank are watching the crypto market closely amid a 145 00:07:37,120 --> 00:07:40,560 Speaker 1: period of heightened voluntility, So of course it's vaulatile. He 146 00:07:40,640 --> 00:07:43,440 Speaker 1: just pulled the punch bowl away. All the markets are crashing, 147 00:07:43,680 --> 00:07:47,320 Speaker 1: including crypto, including the tech stocks and soon to be 148 00:07:47,440 --> 00:07:51,040 Speaker 1: real estate as well. So, um, of course there's heightened volatility. 149 00:07:51,120 --> 00:07:52,960 Speaker 1: You caused it. Thanks so much. It reminds me of 150 00:07:53,040 --> 00:07:55,200 Speaker 1: that Biden sticker on the gas bumps. I caused that. 151 00:07:55,800 --> 00:08:01,200 Speaker 1: Um It says that the impact recent crypto market altility 152 00:08:01,200 --> 00:08:05,760 Speaker 1: on the Fed's operations, including any macroeconomic implications, the FED 153 00:08:05,880 --> 00:08:07,680 Speaker 1: is watching very carefully, but added that the U s. 154 00:08:07,680 --> 00:08:12,520 Speaker 1: Central Bank is quote not really seeing significant macroeconomic implications 155 00:08:12,560 --> 00:08:15,000 Speaker 1: so far. So um he says, Yeah, we're watching it, 156 00:08:15,040 --> 00:08:17,320 Speaker 1: We're paying attention, but look, we don't expect this to 157 00:08:17,440 --> 00:08:20,720 Speaker 1: like be a big problem, right like we have, uh, 158 00:08:21,360 --> 00:08:25,000 Speaker 1: you know what we're seeing the entire you know, Nasdaq 159 00:08:25,120 --> 00:08:28,720 Speaker 1: exchange losing. I think total wealth lost in the globe 160 00:08:28,760 --> 00:08:32,760 Speaker 1: is like twenty three trillion dollars and the crypto market 161 00:08:32,880 --> 00:08:36,120 Speaker 1: makes up like one. So they don't see that as 162 00:08:36,120 --> 00:08:39,440 Speaker 1: being a big risk. Um he says that we're not. 163 00:08:40,080 --> 00:08:43,120 Speaker 1: We're not seeing massive implications for it to be spreading over, 164 00:08:43,440 --> 00:08:46,840 Speaker 1: but we're definitely keep an eye on it as they should. 165 00:08:47,280 --> 00:08:49,520 Speaker 1: The question is when will the FED come off of 166 00:08:49,559 --> 00:08:53,480 Speaker 1: their um position to crash the markets that the quote is, uh, 167 00:08:53,720 --> 00:08:56,600 Speaker 1: the pivot. When will the pivot come? And of course 168 00:08:56,679 --> 00:08:59,560 Speaker 1: we're waiting anxiously for that. But the FED is not 169 00:08:59,640 --> 00:09:02,880 Speaker 1: the only only one trying to tame the markets and 170 00:09:03,240 --> 00:09:05,760 Speaker 1: with with regulation. As a matter of fact, another central 171 00:09:05,800 --> 00:09:07,400 Speaker 1: banks trying to do the same thing. I'm gonna come 172 00:09:07,440 --> 00:09:09,920 Speaker 1: back and talk about that and a whole lot more, 173 00:09:10,400 --> 00:09:12,480 Speaker 1: digging more into the crypto space and some other stuff 174 00:09:12,480 --> 00:09:17,280 Speaker 1: that's happened, including why I like to use the word 175 00:09:17,280 --> 00:09:19,760 Speaker 1: bitcoin not crypto. Um, some stuff that's been going on 176 00:09:19,800 --> 00:09:21,880 Speaker 1: with there that's going to really show you that highlight 177 00:09:21,960 --> 00:09:23,920 Speaker 1: that for you. You're listening to the Mark Moa Show. 178 00:09:23,920 --> 00:09:27,360 Speaker 1: We're talking about the decentralized revolution, talking about cryptocurrency, bitcoin 179 00:09:28,120 --> 00:09:30,280 Speaker 1: and so much more. I'm gonna be back with other 180 00:09:30,320 --> 00:09:31,840 Speaker 1: banks trying to regulate it and more in a minute, 181 00:09:31,880 --> 00:09:34,240 Speaker 1: So don't go away, all right, Welcome back. If you 182 00:09:34,280 --> 00:09:37,200 Speaker 1: are just tuning in, you're listening to the Mark Moss Show, 183 00:09:37,240 --> 00:09:39,559 Speaker 1: and of course we're talking about the decentralized revolution the 184 00:09:39,559 --> 00:09:42,480 Speaker 1: world is going through. We're talking about bitcoin, we're talking 185 00:09:42,520 --> 00:09:46,760 Speaker 1: about cryptocurrencies. We're talking about the central banks. We're talking 186 00:09:46,800 --> 00:09:48,760 Speaker 1: about the central banks. We're talking about the central planners 187 00:09:48,760 --> 00:09:53,079 Speaker 1: trying to centrally plan your life. I don't know how 188 00:09:53,080 --> 00:09:55,200 Speaker 1: you feel about that. I'd like to find out. Hit 189 00:09:55,240 --> 00:09:58,400 Speaker 1: me up on on social media at one Mark Moss 190 00:09:58,400 --> 00:10:00,120 Speaker 1: at the number one Mark Basson. Let me know. How 191 00:10:00,160 --> 00:10:02,760 Speaker 1: does it feel to know that you're not in control 192 00:10:02,760 --> 00:10:04,760 Speaker 1: of your own life, it's being centrally planned by some 193 00:10:04,800 --> 00:10:07,319 Speaker 1: people you don't know, and to land far far away 194 00:10:07,880 --> 00:10:11,839 Speaker 1: that haven't taken any of your input or votes into consideration. 195 00:10:11,880 --> 00:10:14,760 Speaker 1: Because that's exactly what happening, arbitrarily increasing the money supply, 196 00:10:14,880 --> 00:10:16,719 Speaker 1: decreasing the money supply. I was talking about how the 197 00:10:16,720 --> 00:10:20,640 Speaker 1: Federal Reserve is trying to uh, well, they're watching the 198 00:10:20,720 --> 00:10:23,400 Speaker 1: crypto markets to see what's happening. And they are not 199 00:10:23,480 --> 00:10:25,920 Speaker 1: the only central planners, I mean central bankers that are 200 00:10:25,960 --> 00:10:28,640 Speaker 1: doing that. Uh. And we also saw this week the 201 00:10:28,720 --> 00:10:30,800 Speaker 1: e c B, of course, not to be on left, 202 00:10:30,840 --> 00:10:34,480 Speaker 1: undone or outdone, I should say that's the European Central 203 00:10:34,480 --> 00:10:39,240 Speaker 1: Bank and the European Central Bank head calls for separate 204 00:10:39,280 --> 00:10:43,880 Speaker 1: framework to regulate crypto lending. Of course, of course, anything 205 00:10:43,880 --> 00:10:45,640 Speaker 1: we can do for more power and more control. Right, 206 00:10:46,240 --> 00:10:51,400 Speaker 1: So Christine Legarde introduces a Micah two idea m I 207 00:10:51,600 --> 00:10:55,959 Speaker 1: c A to cover issues yet untouched by European regulators. So, 208 00:10:56,440 --> 00:10:59,680 Speaker 1: heaven forbid, there's one part of the economy that the 209 00:10:59,800 --> 00:11:03,000 Speaker 1: you're preen regulators don't have under control. Heaven forbid that, 210 00:11:03,080 --> 00:11:04,640 Speaker 1: let's go ahead and get that under control. That's kind 211 00:11:04,640 --> 00:11:07,040 Speaker 1: of what she's saying here, it says European Central Bank 212 00:11:07,080 --> 00:11:11,719 Speaker 1: ECB President Christine Leguard voiced her conviction on the necessity 213 00:11:11,720 --> 00:11:16,480 Speaker 1: of tighter scrutiny. We must have more control, of course, 214 00:11:16,559 --> 00:11:19,880 Speaker 1: you know, for your safety, right, think about safety on 215 00:11:19,880 --> 00:11:23,240 Speaker 1: a spectrum. So a lion the king of the jungle, right, 216 00:11:23,320 --> 00:11:26,640 Speaker 1: the lion can is the king. It doesn't have any predators. 217 00:11:26,640 --> 00:11:30,840 Speaker 1: It can kill basically whatever it wants. It's free, but 218 00:11:30,880 --> 00:11:32,600 Speaker 1: it's not a it's not a it's not an easy 219 00:11:32,720 --> 00:11:35,600 Speaker 1: life for the lion. Um It's still has to fight 220 00:11:35,600 --> 00:11:38,280 Speaker 1: other lions to protect its space. It's still you know, 221 00:11:38,360 --> 00:11:41,160 Speaker 1: it could get killed by a hunter. It maybe doesn't 222 00:11:41,200 --> 00:11:43,920 Speaker 1: find any food or water, it starves to death. It's free, 223 00:11:44,000 --> 00:11:47,000 Speaker 1: but it's not an easy life. We could take that 224 00:11:47,520 --> 00:11:50,280 Speaker 1: king of the jungle. We could take that majestic lion 225 00:11:51,000 --> 00:11:53,320 Speaker 1: and we could make it safe. We could put it 226 00:11:53,320 --> 00:11:54,720 Speaker 1: in a zoo. We could lock it into a cage, 227 00:11:54,800 --> 00:11:56,240 Speaker 1: never let it out of the cage, and just every 228 00:11:56,280 --> 00:11:58,160 Speaker 1: day slip a little bit of food and water in 229 00:11:58,160 --> 00:12:01,360 Speaker 1: the bowl. And now that lion is safe, but it's 230 00:12:01,400 --> 00:12:04,360 Speaker 1: not free. And so that's the spectrum that we're on. 231 00:12:05,200 --> 00:12:08,520 Speaker 1: And so now they want Christine Lagarde, the ECB president 232 00:12:08,559 --> 00:12:11,560 Speaker 1: wants her. She voiced her conviction on the necessity of 233 00:12:11,679 --> 00:12:16,560 Speaker 1: tighter scrutiny for your protection. Leguard expressed her thoughts not 234 00:12:16,640 --> 00:12:19,840 Speaker 1: only about the looming inflation in Europe and around the 235 00:12:19,840 --> 00:12:24,120 Speaker 1: globe that she caused, but also about the increases it 236 00:12:24,160 --> 00:12:26,760 Speaker 1: didn't say that I had did that, but also about 237 00:12:26,800 --> 00:12:34,360 Speaker 1: the increasing activities of crypto asset staking and lending. In 238 00:12:34,440 --> 00:12:37,800 Speaker 1: Leguard's opinion, she said that they need a major they 239 00:12:37,800 --> 00:12:42,640 Speaker 1: need a major regulatory package known as the Crypto Assets 240 00:12:42,800 --> 00:12:44,560 Speaker 1: m I c A. Now I will bring it to 241 00:12:44,600 --> 00:12:48,600 Speaker 1: your attention in case you aren't aware. Um the guard 242 00:12:48,600 --> 00:12:50,880 Speaker 1: expressed her thoughts not only about the looming inflation. So 243 00:12:51,840 --> 00:12:54,480 Speaker 1: you did that, you printed all the money, you caused 244 00:12:54,520 --> 00:12:56,680 Speaker 1: all the inflation. Thanks for that, and now we have 245 00:12:56,760 --> 00:12:58,560 Speaker 1: to deal with your mistakes, and now you want to 246 00:12:58,600 --> 00:13:01,040 Speaker 1: control us even harder. Now, I do want to point 247 00:13:01,040 --> 00:13:06,800 Speaker 1: out that Christine Legarde, who's here voicing her strong conviction UM, 248 00:13:06,880 --> 00:13:10,040 Speaker 1: who runs the ECB, the European Central Bank, formerly of 249 00:13:10,080 --> 00:13:13,840 Speaker 1: the i m F International Entary Fund, is a convicted criminal. 250 00:13:15,200 --> 00:13:19,000 Speaker 1: She is a convicted criminal, UM, and she's running the 251 00:13:19,040 --> 00:13:22,000 Speaker 1: momentary supply that affects my life, in your life. I 252 00:13:22,000 --> 00:13:23,439 Speaker 1: didn't vote for her. I don't know why she's not 253 00:13:23,480 --> 00:13:25,880 Speaker 1: in prison. I'd like to know that answer. But here 254 00:13:25,920 --> 00:13:28,080 Speaker 1: she is, UM, you know, saying that there's a small 255 00:13:28,120 --> 00:13:29,920 Speaker 1: little part of the market that's not being regulated and 256 00:13:29,960 --> 00:13:33,240 Speaker 1: we should step up, and we we need in her words, uh, 257 00:13:33,320 --> 00:13:36,680 Speaker 1: necessity of tighter scrutiny. We need tighter scrutiny. Of course 258 00:13:36,760 --> 00:13:40,959 Speaker 1: for your protection. Of course, she says, quote innovations and 259 00:13:41,040 --> 00:13:47,560 Speaker 1: these unexplored and uncharted territories put consumers at risk. So UM, 260 00:13:47,760 --> 00:13:50,800 Speaker 1: imagine uh in the United States, you know, moving from 261 00:13:50,840 --> 00:13:52,800 Speaker 1: the East coast to the west coast, moving out west, 262 00:13:52,840 --> 00:13:55,360 Speaker 1: the wild, wild West, and explorers had to set out 263 00:13:56,120 --> 00:13:59,559 Speaker 1: into what did she say, unexplored uncharted territories put consumers 264 00:13:59,559 --> 00:14:03,560 Speaker 1: at risk. Yes, when you venture out into unexplored and 265 00:14:03,600 --> 00:14:07,640 Speaker 1: uncharted territories, yes, you're at risk. Where the sailors leaving 266 00:14:07,679 --> 00:14:11,079 Speaker 1: Spain to find the New World charting unregulated or unexplored 267 00:14:11,120 --> 00:14:14,160 Speaker 1: uncharted territories, were they at risk? Yes? Where the people 268 00:14:14,200 --> 00:14:17,000 Speaker 1: going into space to explore uncharted territories were they at risk? Yes? 269 00:14:18,600 --> 00:14:21,520 Speaker 1: Of course, of course when you go into uncharted and 270 00:14:21,520 --> 00:14:25,440 Speaker 1: explored territories, you're at risk. So what is her solution 271 00:14:25,920 --> 00:14:29,440 Speaker 1: these it's these innovations that cause this. Well, she's on 272 00:14:29,520 --> 00:14:36,800 Speaker 1: record saying, quote, innovation is a threat to our financial stability. 273 00:14:36,840 --> 00:14:40,440 Speaker 1: That's what you said. That's her words. Innovation is a threat. 274 00:14:40,680 --> 00:14:43,680 Speaker 1: Here she says it again, innovations in these unexplored, uncharted 275 00:14:43,720 --> 00:14:46,000 Speaker 1: territories put consumers at risk. So what should we do 276 00:14:46,600 --> 00:14:49,160 Speaker 1: if I mean, heaven forbid, we can't allow people to 277 00:14:49,200 --> 00:14:52,760 Speaker 1: take risk? Were it's our job to protect them? Right? Well? 278 00:14:52,760 --> 00:14:55,240 Speaker 1: No where does it say that, UM is their job 279 00:14:55,280 --> 00:14:57,880 Speaker 1: to protect private property rights, but not to protect us 280 00:14:57,880 --> 00:14:59,840 Speaker 1: from risk. And so um, if they want to put 281 00:14:59,880 --> 00:15:04,000 Speaker 1: us at risk and the risk is coming from exploring 282 00:15:04,080 --> 00:15:07,200 Speaker 1: uncharted territories, which come from innovation, then does that mean 283 00:15:07,240 --> 00:15:10,760 Speaker 1: we have to get rid of the innovation, because that's 284 00:15:10,760 --> 00:15:14,200 Speaker 1: what her other quote said, innovation is a threat. She 285 00:15:14,320 --> 00:15:16,120 Speaker 1: she went on to say here quote where the lack 286 00:15:16,160 --> 00:15:21,200 Speaker 1: of regulation is often covering fraud, completely illegitimate claims about 287 00:15:21,240 --> 00:15:26,880 Speaker 1: valuations and very often, you know, speculation, oh as well 288 00:15:26,920 --> 00:15:30,800 Speaker 1: as criminal dealings end quote, So covering fraud as well 289 00:15:30,800 --> 00:15:34,680 Speaker 1: as criminal dealings. Um, she's the one that's a convicted felon. Well, 290 00:15:34,840 --> 00:15:36,960 Speaker 1: I don't think she's a felon. She's a convicted criminal. 291 00:15:38,000 --> 00:15:40,480 Speaker 1: That's different over in Europe. She's a She's the one 292 00:15:40,520 --> 00:15:44,680 Speaker 1: that's a convicted criminal. Not me. Shouldn't she be the 293 00:15:44,680 --> 00:15:47,920 Speaker 1: one that's regulated. She wants to regulate me. She wants 294 00:15:47,920 --> 00:15:50,960 Speaker 1: to regulate you from being involved in innovations because those 295 00:15:50,960 --> 00:15:53,840 Speaker 1: innovations allow you go to unexplored, uncharted territories, which could 296 00:15:53,880 --> 00:15:58,440 Speaker 1: put you at risk. Heaven forbid, because those those new, 297 00:15:58,520 --> 00:16:01,800 Speaker 1: brand new things could be potentially covering up fraud and 298 00:16:01,920 --> 00:16:05,480 Speaker 1: um and criminal dealions like she participates in. Not me, 299 00:16:05,840 --> 00:16:07,600 Speaker 1: don't put that on me, don't put that on you, 300 00:16:08,680 --> 00:16:12,200 Speaker 1: And she says it's also often, very very often speculation. 301 00:16:12,320 --> 00:16:16,560 Speaker 1: So speculation is most people think of of of investing, 302 00:16:16,600 --> 00:16:19,680 Speaker 1: but most investing is really speculation. It's buying an asset 303 00:16:19,680 --> 00:16:22,120 Speaker 1: thinking that it's gonna go up in value. UM So 304 00:16:22,200 --> 00:16:27,280 Speaker 1: it's gambling. But we're being driven into speculation because they've 305 00:16:27,280 --> 00:16:30,200 Speaker 1: printed so much money. They pushed yields to zero. I 306 00:16:30,280 --> 00:16:32,920 Speaker 1: can't make money on my money anymore. My money is 307 00:16:32,960 --> 00:16:38,080 Speaker 1: losing value so fast. I have to speculate in order 308 00:16:38,240 --> 00:16:41,520 Speaker 1: just to stay even, because if I don't, I lose 309 00:16:41,520 --> 00:16:44,320 Speaker 1: all my wealth. She created that system by running the 310 00:16:44,320 --> 00:16:46,640 Speaker 1: I m F and run the ECB, and now she's 311 00:16:46,640 --> 00:16:51,240 Speaker 1: saying that innovations and exported territories put consumers at risk 312 00:16:51,280 --> 00:16:54,680 Speaker 1: where they're trying to speculate. We're trying to speculate because 313 00:16:54,720 --> 00:16:56,880 Speaker 1: you put us in a situation where we have to speculate. 314 00:16:56,840 --> 00:17:01,520 Speaker 1: It's the only way. It's insane. The the official made 315 00:17:01,520 --> 00:17:05,160 Speaker 1: a separate mention of decentralized finance DeFi, which from her 316 00:17:05,200 --> 00:17:10,280 Speaker 1: point of view, also poses a real risk to financial stability. Yeah, 317 00:17:10,320 --> 00:17:13,040 Speaker 1: because if we create a brand new way for people 318 00:17:13,080 --> 00:17:16,359 Speaker 1: to do loans and get money, then they may not 319 00:17:16,560 --> 00:17:21,920 Speaker 1: need this old, corrupt, incompetent system anymore. Imagine that. UM, 320 00:17:21,960 --> 00:17:24,960 Speaker 1: I am one that believes that good ideas win because 321 00:17:25,000 --> 00:17:28,960 Speaker 1: they're better. That's what competition allows. You want to keep 322 00:17:29,000 --> 00:17:31,560 Speaker 1: the old way great, I'm gonna go try this new way. 323 00:17:31,560 --> 00:17:33,199 Speaker 1: I might found out this new way sucks, and I 324 00:17:33,240 --> 00:17:34,479 Speaker 1: may never go back to this new way. I may 325 00:17:34,600 --> 00:17:36,440 Speaker 1: say that this old, tried, true way is the best way, 326 00:17:36,480 --> 00:17:38,800 Speaker 1: but how do we know that unless we're trying new things. 327 00:17:39,640 --> 00:17:41,520 Speaker 1: But of course they don't want that because it poses 328 00:17:41,560 --> 00:17:47,320 Speaker 1: a real risk to financial stability, she says, convicted criminal. Anyway, 329 00:17:47,320 --> 00:17:48,680 Speaker 1: that's my opinions. Love to here, what do you think 330 00:17:48,840 --> 00:17:51,040 Speaker 1: I'm I got. I got so much more to cover 331 00:17:51,160 --> 00:17:52,600 Speaker 1: that you are going to be blown away. We're gonna 332 00:17:52,600 --> 00:17:54,840 Speaker 1: talk more about cryptocurrency and what some of the biggest 333 00:17:54,880 --> 00:17:57,760 Speaker 1: investors in the space are saying about it, where it's going, 334 00:17:57,960 --> 00:18:01,360 Speaker 1: and some big, big wholes that were explored this week 335 00:18:01,359 --> 00:18:03,520 Speaker 1: that you need to know about that and more. When 336 00:18:03,560 --> 00:18:05,359 Speaker 1: I'm back, you're listening to the Mark Moa show talking 337 00:18:05,359 --> 00:18:09,600 Speaker 1: about this decentralized revolution, talking about bitcoin, talking about cryptocurrencies, 338 00:18:10,200 --> 00:18:12,280 Speaker 1: and covering the biggest news of the week, so you 339 00:18:12,320 --> 00:18:13,760 Speaker 1: know what is going on. I got a whole lot 340 00:18:13,800 --> 00:18:16,119 Speaker 1: to cover when I'm back, So don't go away, all right, 341 00:18:16,119 --> 00:18:18,200 Speaker 1: Welcome back. You are listening to the Mark ma Show 342 00:18:18,200 --> 00:18:20,920 Speaker 1: where we talk about the world that is going through 343 00:18:20,960 --> 00:18:24,520 Speaker 1: this decentralized revolution. Of course we're looking at the lens 344 00:18:24,640 --> 00:18:28,080 Speaker 1: of politics, finance, and technology. Is the pendulum swings from 345 00:18:28,119 --> 00:18:32,800 Speaker 1: centralization to decentralization and is being led by bitcoin technological 346 00:18:32,840 --> 00:18:38,280 Speaker 1: revolution that brings us decentralization. And it's never a dull 347 00:18:38,280 --> 00:18:40,199 Speaker 1: moment in the space. It's a it's a it's a 348 00:18:40,200 --> 00:18:42,360 Speaker 1: new space. It's over a decade old, it's a dozen 349 00:18:42,440 --> 00:18:45,760 Speaker 1: years old, but yet it's still moving so fast. Of course, 350 00:18:45,960 --> 00:18:47,480 Speaker 1: one of the ways that you look at new technology 351 00:18:47,520 --> 00:18:49,680 Speaker 1: is not at the price. You look at it through 352 00:18:49,760 --> 00:18:52,280 Speaker 1: the growth of the network and the development on the network, 353 00:18:52,280 --> 00:18:54,960 Speaker 1: and it's happening very very fast, and so it gives 354 00:18:55,040 --> 00:18:57,840 Speaker 1: us plenty to talk about. But if we're looking at 355 00:18:57,840 --> 00:19:01,840 Speaker 1: the price, unfortunately, um well fortunately fortunately unfortunately. But what's 356 00:19:01,840 --> 00:19:03,560 Speaker 1: how your own Uh, if you hold a lot of 357 00:19:03,600 --> 00:19:06,600 Speaker 1: bitcoin and you're very long, it's unfortunate because the price 358 00:19:06,680 --> 00:19:09,520 Speaker 1: is down currently right now. If you're looking to add 359 00:19:09,560 --> 00:19:12,040 Speaker 1: to your bitcoin position, maybe it's a good thing because 360 00:19:12,040 --> 00:19:16,720 Speaker 1: it's at historical, um, amazing buying opportunities right now. So 361 00:19:16,760 --> 00:19:18,960 Speaker 1: it depends on which way you look at it. But unfortunately, 362 00:19:20,080 --> 00:19:22,359 Speaker 1: one of the keys with investing, I don't care if 363 00:19:22,400 --> 00:19:24,520 Speaker 1: it's real estate or stocks or crypto or whatever. One 364 00:19:24,520 --> 00:19:29,160 Speaker 1: of the keys is never be a forced seller because 365 00:19:29,240 --> 00:19:32,160 Speaker 1: you don't want to sell the oldest, the oldest added 366 00:19:32,240 --> 00:19:35,840 Speaker 1: in in uh in investing. If you can, just if 367 00:19:35,880 --> 00:19:38,040 Speaker 1: you can, just remember this one tip, you're always gonna 368 00:19:38,040 --> 00:19:41,400 Speaker 1: be okay, all right, this is the secret. The secret 369 00:19:41,400 --> 00:19:43,720 Speaker 1: to investing is simple. If you can get this one 370 00:19:43,800 --> 00:19:45,720 Speaker 1: thing right. Okay, do you have a pen? Right this 371 00:19:45,760 --> 00:19:52,240 Speaker 1: down by low and sell high? So simple, right, so simple. 372 00:19:52,280 --> 00:19:53,480 Speaker 1: The problem is you don't know when it's low, and 373 00:19:53,480 --> 00:19:55,640 Speaker 1: you don't know when it's high. You only know when 374 00:19:55,640 --> 00:19:58,199 Speaker 1: the bottom is in when you're looking backwards on it, 375 00:19:58,240 --> 00:20:00,200 Speaker 1: and you only know when it's the top when are 376 00:20:00,240 --> 00:20:02,919 Speaker 1: looking backwards. Otherwise you don't know. So we we know 377 00:20:02,960 --> 00:20:04,959 Speaker 1: when things are cheap or expensive, we don't know when 378 00:20:04,960 --> 00:20:06,800 Speaker 1: they're at the bottom or the top. But you never 379 00:20:06,800 --> 00:20:10,439 Speaker 1: want to be a forced seller because you could be 380 00:20:10,480 --> 00:20:12,719 Speaker 1: forced to sell at the bottom. But remember you're supposed 381 00:20:12,760 --> 00:20:15,040 Speaker 1: to buy at the bottom and then sell it up, 382 00:20:15,080 --> 00:20:17,320 Speaker 1: not not to sell at the bottom. But what happens 383 00:20:17,400 --> 00:20:20,200 Speaker 1: is things go down, you use leverage. Um, you could 384 00:20:20,280 --> 00:20:22,639 Speaker 1: be a forced seller and forced to sell at the bottom. 385 00:20:22,640 --> 00:20:24,439 Speaker 1: You don't want to do that, And that is exactly 386 00:20:24,480 --> 00:20:28,760 Speaker 1: what's been happening with some bitcoin miners. Bitcoin miners had 387 00:20:28,800 --> 00:20:33,440 Speaker 1: to sell their entire May harvest reports say so miners, 388 00:20:33,480 --> 00:20:35,760 Speaker 1: of course, Um. Part of the reason why bitcoin mining 389 00:20:35,800 --> 00:20:39,040 Speaker 1: works so amazingly well is like gold mining, there's a 390 00:20:39,040 --> 00:20:41,120 Speaker 1: true cost of capital. They have to put out real 391 00:20:41,200 --> 00:20:44,280 Speaker 1: money in order to mine that, they have to buy 392 00:20:44,280 --> 00:20:48,240 Speaker 1: the equipment, they have to spend the money in electricity, etcetera. Right, 393 00:20:48,560 --> 00:20:50,800 Speaker 1: and so there's a real cost. And as the price 394 00:20:50,840 --> 00:20:53,720 Speaker 1: of bitcoin has come down, some of the miners aren't 395 00:20:53,720 --> 00:20:56,200 Speaker 1: making as much money as they were making before. Now 396 00:20:56,200 --> 00:20:58,479 Speaker 1: when they're making a lot of money, say they're producing 397 00:20:58,480 --> 00:21:01,520 Speaker 1: bitcoin for you know, a third seen fifteen thousand dollars, 398 00:21:01,520 --> 00:21:05,280 Speaker 1: but bitcoins forty thou Well, they can sell thirty percent 399 00:21:05,320 --> 00:21:08,120 Speaker 1: of their bitcoin and they could break even. But when 400 00:21:08,119 --> 00:21:12,840 Speaker 1: the price of bitcoin is down at they maybe have 401 00:21:12,880 --> 00:21:15,360 Speaker 1: to sell all their bitcoin to break even. And so 402 00:21:15,440 --> 00:21:17,840 Speaker 1: that is what is causing this to happen. And so 403 00:21:17,840 --> 00:21:21,560 Speaker 1: we said says that bitcoin miners are um having to 404 00:21:21,720 --> 00:21:25,600 Speaker 1: dump their bitcoin in order to fund their operations. And 405 00:21:25,840 --> 00:21:31,399 Speaker 1: miners are having to liquidate their bitcoin holdings. New data 406 00:21:31,440 --> 00:21:34,879 Speaker 1: from Arcane Research shout out to Arcane UH shows that 407 00:21:35,040 --> 00:21:40,080 Speaker 1: public bitcoin mining firms sold one percent of their production 408 00:21:40,160 --> 00:21:45,320 Speaker 1: in May compared to the usual So typically, like I said, 409 00:21:45,359 --> 00:21:49,160 Speaker 1: they sell that covers their expenses, but they were forced 410 00:21:49,160 --> 00:21:52,400 Speaker 1: to sell a percent Now, um supply and demand. When 411 00:21:52,440 --> 00:21:55,600 Speaker 1: we have more people selling than we have buying, that 412 00:21:55,680 --> 00:21:58,320 Speaker 1: pushes the prices down. So in an environment like we 413 00:21:58,359 --> 00:22:00,240 Speaker 1: have right now where the crypto markets down, all the 414 00:22:00,280 --> 00:22:03,399 Speaker 1: markets are down, the crypto markets down. UM, it's trading 415 00:22:03,520 --> 00:22:06,600 Speaker 1: very liquid, there's not a lot of people buying and selling. UM. 416 00:22:06,640 --> 00:22:10,159 Speaker 1: And then you dump an enormate amount of bitcoin on 417 00:22:10,200 --> 00:22:12,240 Speaker 1: the market when there's not a lot of buyers, what's 418 00:22:12,240 --> 00:22:14,399 Speaker 1: going to happen to the price? Obviously it goes down, 419 00:22:15,320 --> 00:22:18,720 Speaker 1: UM says. In the first four months of two public 420 00:22:18,760 --> 00:22:22,520 Speaker 1: bitcoin mining firms sold thirty of their mind production, which 421 00:22:22,560 --> 00:22:25,600 Speaker 1: increased three times in May and is expected to rise 422 00:22:25,640 --> 00:22:29,800 Speaker 1: even further in June. Now it is it is UH. 423 00:22:29,880 --> 00:22:32,000 Speaker 1: You do need a note here that public bitcoin miners 424 00:22:32,080 --> 00:22:35,719 Speaker 1: only make up about the total network hash rate and 425 00:22:35,800 --> 00:22:39,359 Speaker 1: so UM, but their behavior reflects the sentiments of private miners. 426 00:22:39,359 --> 00:22:41,639 Speaker 1: As well. So, um, this is for public miners only 427 00:22:41,640 --> 00:22:43,919 Speaker 1: about the network, we can't we don't know what everybody 428 00:22:44,040 --> 00:22:45,320 Speaker 1: is doing, or there's no way to know. But of 429 00:22:45,320 --> 00:22:48,080 Speaker 1: course publicly traded companies are forced to disclose what they're doing, 430 00:22:48,359 --> 00:22:51,120 Speaker 1: and so we can see what's happening there, and says 431 00:22:51,160 --> 00:22:53,000 Speaker 1: the decline in the price of bitcoin has also made 432 00:22:53,040 --> 00:23:01,800 Speaker 1: many mining machines unprofitable, forcing miners to leave the cryptocurrency market. Now, 433 00:23:01,960 --> 00:23:06,320 Speaker 1: the way that bitcoin mining works, though, is that unlike gold. 434 00:23:06,800 --> 00:23:10,000 Speaker 1: So it with gold mining. Let's say that the price 435 00:23:10,040 --> 00:23:12,639 Speaker 1: of gold that's at eight announces right now, let's say 436 00:23:12,680 --> 00:23:16,400 Speaker 1: it jumped to twenty announced. Well, all of a sudden, 437 00:23:16,440 --> 00:23:19,480 Speaker 1: more people would go out to mine gold. And when 438 00:23:19,520 --> 00:23:21,560 Speaker 1: more people go to mind gold, there would be more 439 00:23:21,680 --> 00:23:24,280 Speaker 1: gold would come into the world, right come into existence. 440 00:23:24,840 --> 00:23:26,760 Speaker 1: But bitcoin mining is different. Let's say that the price 441 00:23:26,760 --> 00:23:29,439 Speaker 1: of bitcoin jumped to a hundred thousand or whatever a million, 442 00:23:29,760 --> 00:23:31,320 Speaker 1: and everybody wants to go mind it, they want to 443 00:23:31,359 --> 00:23:34,480 Speaker 1: jump in and start mining bitcoin. Will no more bitcoin 444 00:23:34,600 --> 00:23:37,080 Speaker 1: comes into the world. The same amount of bitcoin comes 445 00:23:37,119 --> 00:23:39,720 Speaker 1: out every single day. The more people there are to 446 00:23:39,760 --> 00:23:42,439 Speaker 1: mind it. You just have to split the same amount 447 00:23:42,440 --> 00:23:44,800 Speaker 1: of bitcoin with more people, less people mind it than 448 00:23:44,960 --> 00:23:47,919 Speaker 1: it goes between less people. So what happens is when 449 00:23:47,960 --> 00:23:52,160 Speaker 1: you're mining the bitcoin, your single biggest expense is the electricity. 450 00:23:52,720 --> 00:23:54,520 Speaker 1: Right you buy the machine, everyone has to pay about 451 00:23:54,560 --> 00:23:57,600 Speaker 1: the same for the machine, and then I need electricity 452 00:23:57,600 --> 00:23:59,840 Speaker 1: to run it. That's your single biggest expense. Now, if 453 00:23:59,840 --> 00:24:02,560 Speaker 1: you want to make more money, you cut your expenses obviously, right. 454 00:24:03,560 --> 00:24:05,639 Speaker 1: So in California, where I'm at in the summer, the 455 00:24:05,680 --> 00:24:08,719 Speaker 1: top tier of the electric electric system, our payment are 456 00:24:09,040 --> 00:24:12,560 Speaker 1: our pricing is forty cents per kill of water hour, 457 00:24:12,600 --> 00:24:15,600 Speaker 1: which is insane. In Texas it could be eight cents, 458 00:24:15,800 --> 00:24:18,399 Speaker 1: So forty cents in California, eight cents in Texas. So 459 00:24:18,720 --> 00:24:21,320 Speaker 1: in Texas I could be profitable running at eight cents. 460 00:24:21,880 --> 00:24:24,040 Speaker 1: So some people are running in at eight cents, some 461 00:24:24,080 --> 00:24:27,119 Speaker 1: people run at five cents, some people run at four cents, 462 00:24:27,160 --> 00:24:29,920 Speaker 1: three cents, two cents. So the people that mind it 463 00:24:30,040 --> 00:24:32,000 Speaker 1: two or three cents make way more money than the 464 00:24:32,040 --> 00:24:35,080 Speaker 1: people minding an eight cents or ten cents or twelve cents. 465 00:24:35,400 --> 00:24:38,439 Speaker 1: That makes sense. So what happens is when the price 466 00:24:38,480 --> 00:24:41,359 Speaker 1: starts going and I think it was at about fifteen cents, 467 00:24:41,359 --> 00:24:42,960 Speaker 1: I didn't look it up today. I probably should have, 468 00:24:43,480 --> 00:24:45,320 Speaker 1: but I think it was that you needed about fifteen 469 00:24:45,400 --> 00:24:48,080 Speaker 1: cents per killer water to break even, So now I 470 00:24:48,119 --> 00:24:49,399 Speaker 1: don't know where it's at. Now, Let's say that it 471 00:24:49,480 --> 00:24:52,280 Speaker 1: dropped down to ten cents to break even. So now 472 00:24:52,280 --> 00:24:54,040 Speaker 1: everybody is paying more than ten cents, and that's the 473 00:24:54,080 --> 00:24:56,160 Speaker 1: hypothetical number. I didn't look it up, but anybody paying 474 00:24:56,200 --> 00:24:57,720 Speaker 1: more than ten cents today would have to shut their 475 00:24:57,800 --> 00:25:00,199 Speaker 1: equipment off or they could run it out a lot us. 476 00:25:00,960 --> 00:25:05,240 Speaker 1: The beauty is um that everyone who stays on gets 477 00:25:05,280 --> 00:25:07,720 Speaker 1: more bitcoin than they were getting before, so they're getting 478 00:25:07,720 --> 00:25:10,000 Speaker 1: a bigger chunk. But let's say that it keeps dropping, 479 00:25:10,000 --> 00:25:11,800 Speaker 1: so then it goes down to eight cents. Well, now 480 00:25:11,880 --> 00:25:13,520 Speaker 1: the people at ten cents have to shut off or 481 00:25:13,640 --> 00:25:15,640 Speaker 1: mind it a loss, so they shut off. Now everybody's 482 00:25:15,680 --> 00:25:18,879 Speaker 1: staying every everybody remaining gets more than they were getting before. 483 00:25:19,520 --> 00:25:23,040 Speaker 1: And so basically, whoever gets the power for the cheapest 484 00:25:23,680 --> 00:25:25,920 Speaker 1: or has the biggest pockets to mine in the negative 485 00:25:26,240 --> 00:25:28,840 Speaker 1: can run the longest, and whoever runs the longest gets 486 00:25:28,840 --> 00:25:32,280 Speaker 1: in a bigger share of the amount of bitcoin released. 487 00:25:32,320 --> 00:25:35,840 Speaker 1: So if you're paying the lowest amount, you can ride 488 00:25:35,880 --> 00:25:37,920 Speaker 1: this out. Longer, or like I said, if you're you know, 489 00:25:38,000 --> 00:25:40,040 Speaker 1: publicly traded company or something, and you have big war 490 00:25:40,160 --> 00:25:42,400 Speaker 1: chest of money, you can you can also go into 491 00:25:42,440 --> 00:25:45,360 Speaker 1: the red if you want to force nobody, no business 492 00:25:45,359 --> 00:25:47,480 Speaker 1: wants to run in the red in the negative, and 493 00:25:47,760 --> 00:25:51,200 Speaker 1: you shouldn't have to. And so the whole key here 494 00:25:51,600 --> 00:25:55,720 Speaker 1: is two things for bitcoin mining, and one what is 495 00:25:55,760 --> 00:25:59,920 Speaker 1: the price of power that you're paining? And two what's 496 00:26:00,040 --> 00:26:02,399 Speaker 1: eyes of war chest do you have in order to 497 00:26:02,400 --> 00:26:05,200 Speaker 1: back it up? To mind in the red? Now, as 498 00:26:05,240 --> 00:26:08,440 Speaker 1: I said in California, forty cents of what I can't mind. 499 00:26:08,560 --> 00:26:10,919 Speaker 1: There's no way, Like I'm not even close. I'm not. 500 00:26:10,960 --> 00:26:12,960 Speaker 1: I'm never profitable from day one. But if I'm in 501 00:26:13,000 --> 00:26:15,919 Speaker 1: Texas and I'm paying eight cents, maybe I can be. 502 00:26:16,440 --> 00:26:18,600 Speaker 1: You're listening to the Mark Moa Show. We're talking about 503 00:26:18,680 --> 00:26:22,000 Speaker 1: the decentralized Revolution. We're talking about bitcoin, We're talking about 504 00:26:22,040 --> 00:26:24,560 Speaker 1: the cryptocurrency space. We're looking at the at the world 505 00:26:24,560 --> 00:26:28,359 Speaker 1: through the lens of politics, finance, and technology, trying to 506 00:26:28,400 --> 00:26:30,520 Speaker 1: make sense out of what is going on in a 507 00:26:30,600 --> 00:26:34,360 Speaker 1: world without of control central bankers who are hell bent 508 00:26:34,600 --> 00:26:39,200 Speaker 1: on creating booms and creating bus never mind who's getting 509 00:26:39,240 --> 00:26:41,200 Speaker 1: caught in their wake. I got a whole lot more 510 00:26:41,200 --> 00:26:43,680 Speaker 1: to cover when I get back, So don't go away, 511 00:26:44,000 --> 00:26:45,720 Speaker 1: all right, Welcome back. You are listening to the Mark 512 00:26:45,840 --> 00:26:49,080 Speaker 1: Mos Show. We're talking about the decentralized revolution that the 513 00:26:49,119 --> 00:26:51,520 Speaker 1: world is going through right now. Of course, we're looking 514 00:26:51,560 --> 00:26:54,240 Speaker 1: at it through the lens of politics, technology, and finance, 515 00:26:54,240 --> 00:26:57,880 Speaker 1: which to me intersects right at bit coin. Of course, 516 00:26:57,880 --> 00:27:01,280 Speaker 1: we're looking at bitcoin. We're looking at the cryptocurrency. We've 517 00:27:01,280 --> 00:27:03,480 Speaker 1: been talking a lot about the FED, you know, the 518 00:27:03,520 --> 00:27:06,879 Speaker 1: central bankers, the Central Bank of Europe, the ECB, Central 519 00:27:06,920 --> 00:27:09,520 Speaker 1: Bank of the United States, the Fed. Of course, anybody 520 00:27:09,560 --> 00:27:12,040 Speaker 1: that's ever heard of bitcoin or cryptocurrencies would probably stay 521 00:27:12,080 --> 00:27:14,080 Speaker 1: right off the bat like, well, there's no way the 522 00:27:14,119 --> 00:27:16,639 Speaker 1: central bankers would ever allow that to happen because they 523 00:27:16,680 --> 00:27:19,560 Speaker 1: don't want to give up control over the money. But 524 00:27:19,600 --> 00:27:22,000 Speaker 1: that's the very reason why it has to succeed. We 525 00:27:22,080 --> 00:27:25,840 Speaker 1: don't want, we don't need, we can't take any more 526 00:27:26,480 --> 00:27:29,240 Speaker 1: central control over the money supply for them to increase 527 00:27:29,240 --> 00:27:32,720 Speaker 1: it and decrease it at will. And so we look 528 00:27:32,760 --> 00:27:34,639 Speaker 1: at the way that bitcoin is growing, both in the 529 00:27:34,720 --> 00:27:37,879 Speaker 1: network and the development that's happening on the network. And 530 00:27:37,920 --> 00:27:42,840 Speaker 1: we look at bitcoin differently than cryptocurrency because bitcoin is decentralized. 531 00:27:43,680 --> 00:27:48,000 Speaker 1: That's the real revolution here. Every fifty years, approximately forty 532 00:27:48,000 --> 00:27:50,440 Speaker 1: to sixty years, there is a technological revolution. That's something 533 00:27:50,480 --> 00:27:53,840 Speaker 1: that that changes the course of humanity and it drives 534 00:27:53,880 --> 00:27:58,600 Speaker 1: financial markets. Not new technologies, but technological revolutions. And that's 535 00:27:58,600 --> 00:28:03,600 Speaker 1: what bitcoin is. It's a centralized revolution that's changing the world. Uh. 536 00:28:03,760 --> 00:28:08,080 Speaker 1: Contrast that to cryptocurrencies that are neither crypto nor are 537 00:28:08,119 --> 00:28:13,800 Speaker 1: they decentralized, like Salona, for example. Now Salona, hang on, 538 00:28:13,920 --> 00:28:16,280 Speaker 1: before you hate me, let's just take a look at 539 00:28:16,280 --> 00:28:18,760 Speaker 1: what Salona is. So, Um, A lot of people made 540 00:28:18,760 --> 00:28:20,800 Speaker 1: a lot of money in Salona. They bought it for 541 00:28:20,880 --> 00:28:23,680 Speaker 1: when it was really cheap, and they wrote it all 542 00:28:23,720 --> 00:28:26,040 Speaker 1: the way back up and they made a lot of money. 543 00:28:26,359 --> 00:28:28,479 Speaker 1: And so they might hear me saying something like this 544 00:28:28,560 --> 00:28:30,960 Speaker 1: and go, what what are you saying? Like, I've done 545 00:28:31,000 --> 00:28:33,080 Speaker 1: so well with Salona. Look how much money I made 546 00:28:33,080 --> 00:28:35,120 Speaker 1: with Salana. And I'm not saying it wasn't a good 547 00:28:35,119 --> 00:28:37,639 Speaker 1: way to increase your U S dollars. So I'm certainly 548 00:28:37,640 --> 00:28:41,080 Speaker 1: not saying that. Um, But we've seen Salona peak at 549 00:28:41,840 --> 00:28:46,080 Speaker 1: where was it two hundred and fifty eight dollars per 550 00:28:46,360 --> 00:28:50,160 Speaker 1: s o L and today it's sitting at thirty four. 551 00:28:50,720 --> 00:28:53,600 Speaker 1: It's a pretty big drop from two fifty eight to 552 00:28:53,960 --> 00:28:57,320 Speaker 1: thirty four. As a matter of fact, if I pull 553 00:28:57,440 --> 00:28:59,720 Speaker 1: that up, I don't know. I didn't calculate that I 554 00:28:59,760 --> 00:29:01,800 Speaker 1: had a time. What type of a drop that is. 555 00:29:02,440 --> 00:29:04,440 Speaker 1: Let's see here if I can do that on the 556 00:29:04,480 --> 00:29:07,840 Speaker 1: fly while you're hanging out with me, s O L. 557 00:29:08,280 --> 00:29:15,400 Speaker 1: Here we go, USD boom, there we go. Well, this 558 00:29:15,640 --> 00:29:17,840 Speaker 1: doesn't look good. It's measured out, so we go at 559 00:29:17,840 --> 00:29:20,520 Speaker 1: the top right here. That was in November. By the way, 560 00:29:20,960 --> 00:29:27,480 Speaker 1: here we are UM nine point one down from its peak. 561 00:29:27,760 --> 00:29:29,920 Speaker 1: But it's not about how much you made or lost. 562 00:29:29,960 --> 00:29:33,040 Speaker 1: It's more about this cryptocurrency and is it really decentralized 563 00:29:33,080 --> 00:29:37,320 Speaker 1: so UM. The big differentiator between bitcoin and crypto is 564 00:29:37,560 --> 00:29:41,320 Speaker 1: the consensus mechanism. So Bitcoin uses something known as proof 565 00:29:41,320 --> 00:29:42,960 Speaker 1: of work, where you have to buy these miners, you 566 00:29:42,960 --> 00:29:44,480 Speaker 1: have to put them in the network, and you have 567 00:29:44,520 --> 00:29:47,560 Speaker 1: to buy electricity to put in work. You have an 568 00:29:47,560 --> 00:29:52,200 Speaker 1: economic incentive to be a good actor in the network. UM. 569 00:29:52,480 --> 00:29:57,000 Speaker 1: Unlike most cryptocurrency, including Solana, it uses something called proof 570 00:29:57,120 --> 00:30:00,360 Speaker 1: of Steak or pos which is another accor him which 571 00:30:00,360 --> 00:30:01,520 Speaker 1: you know what I mean, And I'm not gonna say 572 00:30:01,520 --> 00:30:06,480 Speaker 1: it now, UM Salana doesn't really Most people think it's decentralized, 573 00:30:06,600 --> 00:30:09,640 Speaker 1: it's it's cryptocurrency, it's blockchain, and they don't really think 574 00:30:09,680 --> 00:30:14,640 Speaker 1: about this. It's not decentralized. It's being centrally controlled. Now 575 00:30:15,040 --> 00:30:17,000 Speaker 1: you can just do a Google search because you probably 576 00:30:17,000 --> 00:30:19,520 Speaker 1: don't believe me, UM, and just look at how many 577 00:30:19,560 --> 00:30:22,920 Speaker 1: times Salona has been shut down. Probably in the last 578 00:30:22,920 --> 00:30:24,600 Speaker 1: twelve months. I think they've shut it down two or 579 00:30:24,640 --> 00:30:29,080 Speaker 1: three times. Who who Who shut it down? Who decided 580 00:30:29,120 --> 00:30:31,960 Speaker 1: it should be shut down? How do you shut something 581 00:30:32,160 --> 00:30:35,760 Speaker 1: down that's decentralized. Nobody can shut bit going down. Nobody 582 00:30:35,760 --> 00:30:41,040 Speaker 1: ever has. It's never been shut down. So who did it, 583 00:30:42,160 --> 00:30:44,840 Speaker 1: who decided and how did they do that? And that's 584 00:30:44,880 --> 00:30:46,520 Speaker 1: just the tip of the iceberg. This week we saw 585 00:30:46,640 --> 00:30:51,440 Speaker 1: Salona defied platform votes to control a well account in 586 00:30:51,600 --> 00:30:55,960 Speaker 1: bid to avoid liquidation chaos. So I've been talking about 587 00:30:56,000 --> 00:30:57,800 Speaker 1: the last couple of weeks all these liquidations that are 588 00:30:57,800 --> 00:31:03,680 Speaker 1: happening UM with UM started with terror Luna, and then 589 00:31:03,720 --> 00:31:06,880 Speaker 1: it's been spread into Celsius and now it's going into 590 00:31:06,920 --> 00:31:09,480 Speaker 1: you know, all these other platforms UM and through the 591 00:31:09,560 --> 00:31:13,440 Speaker 1: DeFi space, we're seeing massive liquidations happen. And with so Lana, 592 00:31:13,800 --> 00:31:17,440 Speaker 1: somebody was using a defy which is decentralized finance. Remember, 593 00:31:17,440 --> 00:31:20,960 Speaker 1: nobody's supposed to be able to control. The revolution is decentralization, 594 00:31:20,960 --> 00:31:24,680 Speaker 1: which means nobody can control it. Right. I don't want 595 00:31:25,360 --> 00:31:27,680 Speaker 1: Jerome pal and a couple of guys deciding what to 596 00:31:27,720 --> 00:31:29,240 Speaker 1: do with the dollar. I don't want anyone. I don't 597 00:31:29,240 --> 00:31:30,160 Speaker 1: want to take it from him and give it to 598 00:31:30,200 --> 00:31:32,560 Speaker 1: someone else. I want nobody to have any control over it, 599 00:31:32,920 --> 00:31:36,640 Speaker 1: so it's always the same instead of being manipulated. Right, 600 00:31:36,680 --> 00:31:43,680 Speaker 1: And so that's that's that's the revolution decentralization. SLANA isn't decentralized. 601 00:31:43,720 --> 00:31:47,040 Speaker 1: So what is it, Well, it's this defied platform. What's 602 00:31:47,080 --> 00:31:50,800 Speaker 1: defied decentralized finance. So the goal is is that what 603 00:31:50,920 --> 00:31:53,959 Speaker 1: we have this decentralized finance that nobody can control. Right, So, um, 604 00:31:53,960 --> 00:31:57,200 Speaker 1: there's no permission. I can use it as I see fit, right, 605 00:31:58,600 --> 00:32:02,880 Speaker 1: But unfortunately it's not really decentralized. It's not much finance 606 00:32:02,920 --> 00:32:05,320 Speaker 1: either for that matter. And so what happens is all 607 00:32:05,360 --> 00:32:08,720 Speaker 1: these people are using these decentralized finance protocols to earn 608 00:32:08,800 --> 00:32:11,800 Speaker 1: guield their steaking, and they're taking out and they're wrapping 609 00:32:11,800 --> 00:32:13,840 Speaker 1: it and they're restaking it and all these different things. 610 00:32:14,080 --> 00:32:15,840 Speaker 1: But what we're finding out over the last couple of 611 00:32:15,880 --> 00:32:18,240 Speaker 1: weeks is none of these they're decentralized, and these companies 612 00:32:18,240 --> 00:32:22,520 Speaker 1: are stay are pulling their steakes and and and liquidated him. 613 00:32:22,560 --> 00:32:25,920 Speaker 1: Now in this case with Salana, Salana uses back to 614 00:32:25,960 --> 00:32:28,160 Speaker 1: what I was saying, a proof of steak, not proof 615 00:32:28,160 --> 00:32:30,560 Speaker 1: of work. Now, what proof of work means has already 616 00:32:30,560 --> 00:32:34,400 Speaker 1: explained that. But I can have way more bitcoin than you, 617 00:32:34,960 --> 00:32:37,240 Speaker 1: but I have no more say in the network than 618 00:32:37,280 --> 00:32:40,880 Speaker 1: you do, because nobody has anything in the network because 619 00:32:41,200 --> 00:32:44,200 Speaker 1: the network doesn't change, which is what you want you 620 00:32:44,240 --> 00:32:47,120 Speaker 1: with with your money proof of steak. What that means 621 00:32:47,200 --> 00:32:50,440 Speaker 1: is whoever, what it means you take your tokens and 622 00:32:50,520 --> 00:32:53,560 Speaker 1: you stake them, you lock them up in like a contract, 623 00:32:54,320 --> 00:32:59,880 Speaker 1: and whoever has the most token steaked gets the most vote, 624 00:33:01,480 --> 00:33:05,560 Speaker 1: the votes for what, well, the votes for whatever they want. Now, 625 00:33:05,920 --> 00:33:07,840 Speaker 1: I don't like that. I want to be in a 626 00:33:07,880 --> 00:33:10,400 Speaker 1: system that doesn't change. So let me explain to what 627 00:33:10,440 --> 00:33:13,720 Speaker 1: happened here. So in this the users of Salona based 628 00:33:13,720 --> 00:33:17,480 Speaker 1: borrowing and lending services. So Land voted Sunday to force 629 00:33:17,560 --> 00:33:25,800 Speaker 1: a takeover of the protocol's largest account. Should I repeat that, 630 00:33:26,360 --> 00:33:31,800 Speaker 1: users of Salana voted sunday to take over one of 631 00:33:31,840 --> 00:33:38,640 Speaker 1: the protocol users account, the largest account. That's democracy. This 632 00:33:38,720 --> 00:33:41,320 Speaker 1: is gonna come uh controversial. I want to throw one 633 00:33:41,400 --> 00:33:42,960 Speaker 1: right by past you. You You may not like it, but 634 00:33:43,000 --> 00:33:44,080 Speaker 1: I was just gonna throw it out there, and if 635 00:33:44,080 --> 00:33:45,280 Speaker 1: you don't like it, you can send any right back. 636 00:33:46,040 --> 00:33:53,080 Speaker 1: It's a line from Anchorman. But anyway, look, democracy is 637 00:33:53,200 --> 00:33:58,200 Speaker 1: rule of the minority of the majority. So, um, there's 638 00:33:58,200 --> 00:34:00,360 Speaker 1: ten of us sitting around, and nine of us get 639 00:34:00,400 --> 00:34:02,280 Speaker 1: together and say we think that you should just give 640 00:34:02,360 --> 00:34:05,480 Speaker 1: us all your money. You know what, you make too much, 641 00:34:05,720 --> 00:34:07,800 Speaker 1: you don't really need that. The nine of us have 642 00:34:07,800 --> 00:34:09,760 Speaker 1: have all agreed that you should just give us everything. 643 00:34:10,080 --> 00:34:13,640 Speaker 1: That's democracy, and that's what proof of steak is. And 644 00:34:13,680 --> 00:34:18,960 Speaker 1: so the users of Salona got together and voted I'm 645 00:34:18,960 --> 00:34:22,160 Speaker 1: gonna read it again, to force a takeover of the 646 00:34:22,200 --> 00:34:27,920 Speaker 1: protocol's largest account. So they voted collectively that this large 647 00:34:27,920 --> 00:34:31,840 Speaker 1: account that had about twenty million dollars should be taken 648 00:34:31,840 --> 00:34:36,960 Speaker 1: over and liquidated. Kind of sounds like the system that 649 00:34:37,040 --> 00:34:39,799 Speaker 1: we have today, sort of like the Federal Reserve where 650 00:34:39,800 --> 00:34:42,440 Speaker 1: they just changed the rules arbitrarily and they could just 651 00:34:42,480 --> 00:34:44,960 Speaker 1: take over anybody's account. They could freeze accounts, so they 652 00:34:44,960 --> 00:34:47,439 Speaker 1: could seeze accounts. That will sort of sounds like that. 653 00:34:48,760 --> 00:34:52,799 Speaker 1: Where's the revolution in that the revolution is having a 654 00:34:52,840 --> 00:34:57,000 Speaker 1: fixed set of rules that can't be changed, can't be manipulated, 655 00:34:57,040 --> 00:34:59,920 Speaker 1: and I don't have to worry about the majority voting 656 00:35:00,000 --> 00:35:02,160 Speaker 1: and against me to steal all my money, which is 657 00:35:02,200 --> 00:35:06,320 Speaker 1: exactly what happened. It says the unprecedented governance vote Solon's 658 00:35:06,360 --> 00:35:10,840 Speaker 1: first will grant Solon Labs quote emergency powers like everything else, 659 00:35:11,160 --> 00:35:15,680 Speaker 1: to liquidate the Wells assets about twenty million in twenty 660 00:35:15,719 --> 00:35:20,279 Speaker 1: million dollars worth of soul Solon governance token holders who 661 00:35:20,320 --> 00:35:22,719 Speaker 1: participated voted yes with the ninety seven point five percent 662 00:35:22,760 --> 00:35:25,799 Speaker 1: of the vote. Who is an agreement that so and 663 00:35:25,800 --> 00:35:28,440 Speaker 1: so should give us all their money? Yeah, we're all 664 00:35:28,480 --> 00:35:31,200 Speaker 1: for it. Who's going to vote to take less money? Right, 665 00:35:31,239 --> 00:35:33,239 Speaker 1: We're always going to vote to get more money. But 666 00:35:33,280 --> 00:35:36,360 Speaker 1: that's the very problem. There's no revolution. That's a system 667 00:35:36,400 --> 00:35:39,120 Speaker 1: that we have today. Now. Look, if you made a 668 00:35:39,120 --> 00:35:41,440 Speaker 1: bunch of money in Salona. Great. I'm glad for you happy. 669 00:35:41,920 --> 00:35:43,680 Speaker 1: It was a great investment, and there's lots of penny 670 00:35:43,680 --> 00:35:45,239 Speaker 1: stocks you can make a lot of money in as well. 671 00:35:45,760 --> 00:35:49,000 Speaker 1: But it's a it's a difference between the revolution that's 672 00:35:49,040 --> 00:35:54,279 Speaker 1: happening with true decentralization and what I call the decentralized revolution. 673 00:35:55,000 --> 00:35:58,560 Speaker 1: Bitcoin is decentralized. There's no one to vote to steal 674 00:35:58,680 --> 00:36:00,600 Speaker 1: my money. So I'd like to money there. But what 675 00:36:00,600 --> 00:36:02,239 Speaker 1: do you think? Let me know you listen to the 676 00:36:02,239 --> 00:36:05,800 Speaker 1: Mark Moas Show talking about the decentralized Revolution, Bitcoin, cryptocurrencies 677 00:36:05,840 --> 00:36:08,319 Speaker 1: and more. That's what I got for you today. Thanks 678 00:36:08,360 --> 00:36:10,120 Speaker 1: so much for listening. I'll see you next time.