Speaker 1: All right, you are listening to the Mark Moa Show,
Speaker 1: and we are talking about bitcoin, cryptocurrencies and the decentralized revolution.
Speaker 1: This is the biggest part of your week each and
Speaker 1: every week, at least it should be, because this is
Speaker 1: going to be the biggest opportunity of your entire life.
Speaker 1: And of course, the way that you take advantage of
Speaker 1: these asymmetric opportunities is by having a symmetric information. That
Speaker 1: means you've got to have information that most people don't have,
Speaker 1: which is why we bring that to you each and
Speaker 1: every week. Now I am joined in the studio by
Speaker 1: two of my really good friends. I got Kyle Wonderly
Speaker 1: and I got Jessica Vaughan. They are back with me again.
Speaker 1: What's up, guys, what's up? Mark? Thanks for having me. Yeah,
Speaker 1: you know, man, I'm here talking about bitcoin each every week,
Speaker 1: and I love just having you guys on and just
Speaker 1: kind of talking about so so good to hear. There's
Speaker 1: always so much going on to talk about, so I
Speaker 1: know we have that. You know, um, Jessica's favorite guy
Speaker 1: in the world. We'll say, what's her favorite podcaster? We're
Speaker 1: talking about j r E. The Joe Rogan Show made
Speaker 1: Big News this week. Now, first of all, he made
Speaker 1: big news because he is big news. Uh uh, Well,
Speaker 1: while mainstream media wants us to believe that that their mainstream,
Speaker 1: you know, CNN's mainstream. I pulled some stats, um, and
Speaker 1: CNN's biggest show, Anderson Cooper gets about six to seven
Speaker 1: hundred thousand views per video or per per episode or whatever.
Speaker 1: In the cove range, they get about a hundred and
Speaker 1: twenty five thousand per episode. Now, I'm not big time,
Speaker 1: and I have videos that have more views than that. Um.
Speaker 1: Joe Rogan is big time and he gets about two
Speaker 1: hundred million views, so he's he's pretty big time. And
Speaker 1: uh and uh. You know, in the bitcoin community, we've
Speaker 1: been talking a lot about Lady. As a matter of fact,
Speaker 1: there's this tweet that keeps going around. Everyone's trying to
Speaker 1: get Michael Saylor to go on on Joe Rogan. Um,
Speaker 1: but big news, big, big nig news, guys. The world's
Speaker 1: most successful pod caster and comedian has accepted a bitcoin
Speaker 1: payment of one hundred thousand dollars UM. He's talked about
Speaker 1: it in the past on his show, but now by
Speaker 1: accepting bitcoin as payment, it marks a definitive switch in
Speaker 1: stanch on his part. Um he said, he said, he said, Uh,
Speaker 1: someone said on a show said Joe got a deal
Speaker 1: for over a hundred thousand dollars. Cheff here said, and
Speaker 1: Joe said, it's not American money. What do you think
Speaker 1: about Joe getting a hundred thousand dollars? Yes, well, I'm
Speaker 1: sure that a hundred thousand dollars is just you know,
Speaker 1: pocket changed to him, and that I'm sure. I'm sure
Speaker 1: he's been taking bitcoin in tips and crypto is um, well,
Speaker 1: everybody on the right seems to definitely get their tips
Speaker 1: already in crypto because we're we're believers, right. You know
Speaker 1: what I thought was funny, Mark, was did you watch
Speaker 1: that video the little clip? Did you? I just thought
Speaker 1: that I just saw the clip. Yeah, yeah, it was
Speaker 1: funny when I think it was, uh, what's the what's
Speaker 1: the guy's name? Uh, Amar Sheer or whatever his name was.
Speaker 1: His name was dragging for him? What was it, safire?
Speaker 1: I think yes, it was bragging about the fact that
Speaker 1: he's getting under dollars and hundreds dollars in bitcoin and
Speaker 1: and and his reaction was, you know, he's like, uh,
Speaker 1: what did he say? Said he was not American money? Oh? Yeah,
Speaker 1: it's not American money, and it's almost like, you know,
Speaker 1: he wants you to know. Uh, he doesn't want you
Speaker 1: to know that he's accepting bitcoin, but he does want
Speaker 1: you to know these things bigger because on his show,
Speaker 1: I've I watched a big, big time Joe Rogan fan
Speaker 1: Jica's too, but he's always kind of put bitcoin down
Speaker 1: or kind of said that it was a ponds I
Speaker 1: remember in the beginning, like the first time he heard
Speaker 1: about it, and I, you know, it's like a Ponzi scheme.
Speaker 1: I think that's a lot of people do that point
Speaker 1: they hear that it's at forty thousand, they know that
Speaker 1: guy's got it a like five or ten bucks. It's
Speaker 1: kind of hard to, you know, accept the fact that
Speaker 1: you're getting in so late, right, so they just write
Speaker 1: it off as a ponzi. But Joe Rogan so open
Speaker 1: mind did and learned so much through his guest, so
Speaker 1: you can see the evolution of his mind over the
Speaker 1: last couple of years, and now he's finally like, you know, well,
Speaker 1: there was a lot of external changes in the world
Speaker 1: too that necessitates bitcoin adopting at some point, though everybody
Speaker 1: capitulates that's what's cool as I have always respected Joe Rogan.
Speaker 1: I've watched him forever and learned so much from him.
Speaker 1: But here's something that he didn't know, something that I
Speaker 1: knew more than Joe Rogan, which is like super rare.
Speaker 1: But he thought it was a ponzi. But eventually, due
Speaker 1: to everybody comes comes around capitulates. Yeah, I think, you know,
Speaker 1: I was saying earlier like, uh, I think as the
Speaker 1: Gandhi quote, which is like at first they ignore you,
Speaker 1: and then they laugh at you, then they fight you,
Speaker 1: and then they join you. And uh, I was talking
Speaker 1: about on an earlier episode about Jamie Diamond from JP
Speaker 1: Morgan seen said if anybody even traded bitcoin, I'd fire him,
Speaker 1: and of course not JP Morgan's in Um, Joe Rogan
Speaker 1: maybe wasn't in the fighting so much, but he was
Speaker 1: maybe in the Joe in the laughing phase. But I think, um,
Speaker 1: you know, I think, as you said, Kyl, right, you
Speaker 1: can see his stance has kind of changed, and just
Speaker 1: him talking about it with a favorable you know, way
Speaker 1: to talk about it. I mean, it just brings a
Speaker 1: lot of two million people. Hey, yeah, it's it's real.
Speaker 1: I mean the guy has like what eleven million subscribers, right,
Speaker 1: and you were talking about, uh, the reach of what
Speaker 1: was it, CNN, You were just talking about two million
Speaker 1: people a month. Oh their gig is up though, Yeah, yeah, yeah,
Speaker 1: mainstream media. And it's like, it's it's so obvious that
Speaker 1: that's not the mainstream media anymore. Like I'm in the gym. Uh.
Speaker 1: You know, it's a reference something about Joe Rogan. Everybody's
Speaker 1: heard of everywhere I go, Like even my like tattoo artist,
Speaker 1: he's got Joe Rogan playing every day everywhere you go,
Speaker 1: Joe Rogan. Like, people know Joe Rogan. But but how
Speaker 1: many of you ask the same people? Yeah, the same people.
Speaker 1: Do you watch Fox News? Do you watch CNN? You know,
Speaker 1: nine out of ten of the people that I too
Speaker 1: thought talked to that watched Joe Rogan don't watch the
Speaker 1: normal everyday news. So you think, so mainstream is not
Speaker 1: the media, And you know, you know what else is
Speaker 1: also big mainstream is sports obviously, and of course Joe
Speaker 1: Rogan has that m M a kind of thing, which
Speaker 1: is which is big. But in other other sports news,
Speaker 1: Aaron Rodgers, quarterback of the Green Bay Packers, also agreed
Speaker 1: to get a portion of his pay paycheck in bitcoin
Speaker 1: as well, and that's another massive thing. And so Joe Rogan,
Speaker 1: I don't know. I don't know the full details around
Speaker 1: why he got the hundred thousand. I don't know if
Speaker 1: that broken the story. But Aaron Rodgers is actually getting
Speaker 1: he has to be paid in bitcoin, which is pretty amazing.
Speaker 1: That's so awesome. I am not like a super football fan,
Speaker 1: but everybody's heard the name Aaron Rodgers. All right, Jessica,
Speaker 1: do you do you know who Aaron Rodgers is? Of
Speaker 1: course I do, Okay, alright, So I mean I've heard
Speaker 1: of him, but I don't watch football. I don't know,
Speaker 1: but I remember hearing his name for the first time
Speaker 1: a few years back, and it was this little ten
Speaker 1: year old kid. He had an Aaron Rodgers jersey on,
Speaker 1: you know, and and uh, all the kids that are
Speaker 1: so enamored with Aaron Rodgers. That's big news, dude. Aaron
Speaker 1: Rodgers is like a superhero number one quarterback, you know,
Speaker 1: like his reach just that's that's so massive. He's pretty
Speaker 1: conservative in disposition, so I would say that bitcoin is
Speaker 1: um a default position that he would appreciate, right, yeah, yeah,
Speaker 1: And I think like kind of to your point, guy,
Speaker 1: like especially in football, right, Like kids love the merch, right,
Speaker 1: so they're like wearing the jerseys and all that thing,
Speaker 1: and so like, uh, probably there's a lot of that
Speaker 1: idolizing them and want to do things. And so when
Speaker 1: you see him like getting paid in bitcoin, I think
Speaker 1: that carries a lot of credibility. You know, I appreciate
Speaker 1: the signal of confidence for sure, exactly exactly. So I know. Also, Jess,
Speaker 1: you've hung out with Russell O Kong. He was kind
Speaker 1: of like the first football player to really start talking
Speaker 1: about getting paid in bitcoin. Um yeah, undred together. That
Speaker 1: was a good one for bitcoin. Race car yeah, I
Speaker 1: mean yeah, so Bitcoin magazines or I'm sorry, Big Jack
Speaker 1: Mallers whatever, Bitcoin had the indie car, indie race car
Speaker 1: in the indie I think the car finished second in
Speaker 1: the race. So um yeah, it's it's reaching like all
Speaker 1: types of levels of trench. Man. I think there's a
Speaker 1: couple of basketball players are getting paid in bitcoin as well.
Speaker 1: I'm not mistaken. It's inevitable. Yeah, I get on the
Speaker 1: get on the trend, man, if you want to be relevant,
Speaker 1: takes part of your salary in bitcoin. Right, It's not
Speaker 1: a friend, it's a revolution. Yeah, it's a revolution. I'm
Speaker 1: here with Jessica Vaughan at Jessica Vaughan on Twitter and
Speaker 1: Kyle Wonderlely at Kyle Wonderley on Twitter. He changed that
Speaker 1: to make it easier to go give him a follow,
Speaker 1: say what's up. We're talking about bitcoin, cryptocurrencies and the
Speaker 1: decentralized revolution. We're talking about how we're seeing more and
Speaker 1: more people choosing to get paid in bitcoin, may stream people,
Speaker 1: not seeing in mainstream people. There is the information you
Speaker 1: need to know so you can take advantage of this
Speaker 1: giant shift in the world. Again, you listen to the
Speaker 1: Mark Moss Show talking about bitcoin, cryptocurrencies and the decentralized revolution,
Speaker 1: and we will be right back. Everyone. Welcome back. You
Speaker 1: are listening to the Mark Moss Show. We're talking about bitcoin,
Speaker 1: cryptocurrencies and this decentralized revolution. Literally the biggest opportunity you
Speaker 1: will ever have in your life. And of course, the
Speaker 1: way that you participate in these asymmetric opportunities is by
Speaker 1: having asymmetric information, which is why you want to be
Speaker 1: with me each and every week. I'm joining the studio
Speaker 1: by two of my good friends, Kyle Wonderlely. You can
Speaker 1: find them on Twitter. At Kyle Wonderley. That's w n
Speaker 1: U N D E r l I. You'll find it. Uh.
Speaker 1: And let me just interact. If you watch the show
Speaker 1: last week, it was super underscore ruder. Course I did that.
Speaker 1: I changed that for this by right here Mark Moss.
Speaker 1: But if you still want to see uh, super rout
Speaker 1: stuff on YouTube, that is still their super red stuff
Speaker 1: on YouTube. There's the plug and uh and now that
Speaker 1: Kyle Stile the Spotlight. We also have Jessica Van no one,
Speaker 1: no one can steal her shine and you can find
Speaker 1: her at Jessica Gavan. Make sure to look her up.
Speaker 1: She is always putting some provocative things out there, uh
Speaker 1: to get you thinking thoughts. And we're talking about um,
Speaker 1: you know, mainstream not CNN. We're talking about mainstream as
Speaker 1: in Joe Rogan, as in football stars like Aaron Rodgers
Speaker 1: choosing to get paid in bitcoin, which is big because
Speaker 1: you know, when you have a brand new technology of
Speaker 1: technological revolution like bitcoin or any any technological revolution for
Speaker 1: that matter, there's like this bell curve and you have
Speaker 1: like the inventors and the visionaries, and before you get
Speaker 1: to the early majority, there's this this chasm, and the
Speaker 1: chasm has to be crossed, which means the mental shift
Speaker 1: has to happen in the majority for it to really
Speaker 1: hit the early majority, and in the late majority that
Speaker 1: goes to kind of parabolic run. And that's where we're
Speaker 1: at right now. We're right in that chasm. Um, And
Speaker 1: so I think with the E t F that makes
Speaker 1: it seem mainstream. Okay, it won't be won't be you know,
Speaker 1: won't be made illegal. Now, Uh, countries are adopting it. Um.
Speaker 1: And then you have Joe Rogan and Aaron Rodgers adopting it.
Speaker 1: That's crossing the chasm, and Uh, I think it's just
Speaker 1: gonna take off from here. I think, Um, then you
Speaker 1: have the addition of you know, cash app, Venmo, PayPal
Speaker 1: all adding it. So now all these Aaron Rodgers fans
Speaker 1: and Joe Rogan fans here, but they can easily go
Speaker 1: buy it. I mean, is this just gonna absolutely blow
Speaker 1: it up? Or what? It's sort of like instant a
Speaker 1: super celebrity that's paid so much money. UM is almost
Speaker 1: like an institution adopting bitcoins. So it's still not as
Speaker 1: great to me as you know, a hundred new bitcoiners
Speaker 1: that might share that same sort of payout that Aaron
Speaker 1: Rodgers were taking bitcoin. So I'd like to have more
Speaker 1: people in bitcoin with the same amount of bitcoin ownership
Speaker 1: that some super celebrity is going to get. But I
Speaker 1: do like the amount of reach that that has that message.
Speaker 1: And nobody pays these celebrities to um. You know, these
Speaker 1: influencers on such a grand scale, nobody pays them. They
Speaker 1: do it because they truly believe in the revolution. And
Speaker 1: that's what's so beautiful about bitcoin. Yeah, I think what's
Speaker 1: gonna blow it up mark is square cash app. They're
Speaker 1: releasing a debit card for teenagers starting at thirteen. Now
Speaker 1: you can have a debit card. Did you see that.
Speaker 1: That's funny because k YC doesn't let you own bitcoin
Speaker 1: unless you're eighteen. Yes, and so they're working on that.
Speaker 1: I saw Jack Dorsey tweeted that out. Um. Somebody asked
Speaker 1: him what does that mean kids can buy bitcoin on
Speaker 1: on the cash app? Said, nobody's working on it, but
Speaker 1: at least, you know, like a credit card. This has
Speaker 1: been an issue in our family. I've got three teenage girls,
Speaker 1: and I would they're all using Venmo. They're using Venmo.
Speaker 1: We don't get where a cashless family right, So when
Speaker 1: my daughter wants money for me, I send her Venmo
Speaker 1: and then she gets the cash from her friend, and
Speaker 1: then venmo's her friend. I just, uh, we've been we've
Speaker 1: been wanting a debit card for so long in this family.
Speaker 1: It's it's gonna be awesome. And then within the app
Speaker 1: they're gonna see bitcoin, right, yeah, so that's huge. I
Speaker 1: mean kids across America. I like that the apps are
Speaker 1: gonna make it easier for people to get familiarized with
Speaker 1: bitcoin and and um have some um warming up to it,
Speaker 1: but it's still something we're gonna have to harness that
Speaker 1: new group of people and teach them the whole point
Speaker 1: about self customing. Somebody said it was like training wheels
Speaker 1: like this, you know, putting bitcoin on Venmo and all
Speaker 1: this stuff was like training wheels. Did you see that mark? No?
Speaker 1: But I mean that's that's one way to look at it.
Speaker 1: But you know, what happened with the fiat money so
Speaker 1: well before the fit money system was gold goal is
Speaker 1: money for five thousand years. And what happens is, uh,
Speaker 1: gold is very clunky and heavy to use, so then
Speaker 1: you put it in the banks and then use paper
Speaker 1: goal certificates and what happened is over a period of time,
Speaker 1: people started thinking of paper goal stificates as money. They
Speaker 1: were only representative of money, but they started to think
Speaker 1: of them as money specifically. And so I do see dangers.
Speaker 1: Maybe it's training wheels off look at it that way.
Speaker 1: Maybe that's a good thing. But like what I'm afraid of.
Speaker 1: Maybe what Jessica was kind of saying is that um
Speaker 1: if people start just thinking, well, this is just the
Speaker 1: way it's done, and then all over again. Yeah, they
Speaker 1: did that. They took the silver out of their um
Speaker 1: coins before their downfall. Yeah, so then if people start thinking,
Speaker 1: so I get it's it's training was it's easy for
Speaker 1: them to get started, but they need to like eventually
Speaker 1: get off the training wheels, right, Yeah, and you mean
Speaker 1: to say that they need to get it sent off
Speaker 1: of those platforms right self custody, Right, Yeah. I like
Speaker 1: those apps because they funnel they funnel awareness, but we
Speaker 1: have to capture that to teach them the whole point,
Speaker 1: you know, especially a community that likes the fact that
Speaker 1: it's you know, unconfiscatable, well not exactly unconfiscatable if you
Speaker 1: got it through cash app or some case, or you're
Speaker 1: one of these big megabanks, you know, false set and security.
Speaker 1: I just spend on the talking about kind of like
Speaker 1: I had made a YouTube video about how I lost
Speaker 1: two million dollars worth of bitcoin um and uh, A
Speaker 1: big chunk of that was taken through an exchange, was
Speaker 1: sitting on in exchange and a big credible exchange, one
Speaker 1: of the biggest the United States. By that, Uh and uh,
Speaker 1: I mean it can it can just go. So there's
Speaker 1: there's there's always risk. But then I customed it myself.
Speaker 1: I had in a in a hot wallet on my
Speaker 1: phone and and that I lost money there too, and
Speaker 1: so it's it's dangerous, it's it's definitely, it's definitely difficult.
Speaker 1: And Jessica, I know it's still a jump you need
Speaker 1: to make yourself. I know, I'm with you, Jessica. I'm
Speaker 1: actually waiting so we can demo it for a video
Speaker 1: for a YouTube video or something. So yeah, but I
Speaker 1: would like to do that walk through because I don't
Speaker 1: know anything about cold storage, but I'm certainly a believer. Well,
Speaker 1: I've got a Ledger and I've had it for a
Speaker 1: long time, and this past couple of years I haven't
Speaker 1: used it at all because I've gotten really used to
Speaker 1: just using like meta mask or so Flair, phantom All
Speaker 1: or whatever. Uh, and then using companies like Celsius and
Speaker 1: block Fire and just having them custody. But dude, after
Speaker 1: your story, Mark, dude, and after talking to you about it.
Speaker 1: Oh man, I just got back from a trip and
Speaker 1: I have not got around to it yet, but that's
Speaker 1: the one on my top of my list. I've got
Speaker 1: to get the stuff off of these. Uh, they're not exchanges,
Speaker 1: but these other custodians I want to myself. I think,
Speaker 1: you know, most people, we've been brought up in the
Speaker 1: banking system, and we think that we kind of think
Speaker 1: of exchanges as banks, and um, you know, we think
Speaker 1: we'll just leave in the bank. But like, they're not.
Speaker 1: They're not banks, and they don't ensure your bitcoin and
Speaker 1: if they do get hacked or it does get stolen.
Speaker 1: As a matter of fact, the problem that I'm in
Speaker 1: the lawsuit over is that they supposedly, when you sign
Speaker 1: up for an account, you click the boxes. As I
Speaker 1: read the terms, and in the terms they say, no
Speaker 1: matter what happens, period, we're not responsible. Even if one
Speaker 1: of our employees steals it from you, we're not responsible.
Speaker 1: And so of course my attorneys are like, wait a minute,
Speaker 1: like that. You know, you can't just say that, but that,
Speaker 1: but that's what they say. And so there's uh more
Speaker 1: examples than you could imagine of of people losing bitcoin
Speaker 1: that way, and so you have to realize it's not
Speaker 1: now I think. I don't know if we talked about before,
Speaker 1: but the f d i C is now working with
Speaker 1: some banks to see how they could ensure bitcoin and
Speaker 1: that could change things. By the way, you're listening to
Speaker 1: the Mark Mo Show, I'm going to do with two
Speaker 1: of my good friends, Kyle Wonderley at Kyle Wonderley and
Speaker 1: the lovely Jessica Von. You can find her at Jessica Van.
Speaker 1: Of course, I'm one Mark Moss on Twitter and Instagram.
Speaker 1: Send us a message, say you heard us on the radio,
Speaker 1: Send us a question, um, and we'll make sure to
Speaker 1: answer it. The Mark Mo Show, we're talking about bitcoin,
Speaker 1: We're talking about cryptocurrencies. We're talking about the decentralized revolution,
Speaker 1: the biggest opportunity you will ever have in your lifetime.
Speaker 1: We'll be right back, all right, welcome back. You're listening
Speaker 1: to the Mark ma Show and we are talking about
Speaker 1: bitcoin and cryptocurrencies and the decentralized revolution and trying to
Speaker 1: help you out. I'm trying to give you the information
Speaker 1: you need to take advantage of the biggest opportunity you
Speaker 1: will ever see in your lifetime. And I'm in the
Speaker 1: studio with two of my really good friends. Kyle Wonderley
Speaker 1: you can find him at Kyle Wonderley and of course
Speaker 1: Jessicavan you can find her at Jessica Van and I
Speaker 1: am one Mark Moss. If you can send us a message,
Speaker 1: say what's up or something, ask a question. I don't know,
Speaker 1: but we're talking about um, obviously we're talking about bitcoin
Speaker 1: and crypto, but we're talking about how mainstream so athletes
Speaker 1: like Aaron Rodgers and Russell Kong and um Joe Rogan
Speaker 1: are getting paid in bitcoin and how easy it is
Speaker 1: for people to get in now with cash app and
Speaker 1: venmo and those types of things. But are they training wheels? Well,
Speaker 1: I guess they are training wheels. But is that a
Speaker 1: good thing or a bad thing? Um, Ultimately you need
Speaker 1: to get off the training wheels eventually and learn to
Speaker 1: self custom your coins. I think that's kind of where
Speaker 1: we're app and uh, we're kind of explained some of
Speaker 1: the pitfalls with that, I think, you know, I think
Speaker 1: about it as I was talking about earlier. It's like, um,
Speaker 1: I believe that bitcoin solves the oldest problem of humanity,
Speaker 1: which is how do I secure my private property in
Speaker 1: a way that can't be taken? And so it solves
Speaker 1: that problem which is massive, and we'll have this massive
Speaker 1: prosperity on the side if, um, if we shift the
Speaker 1: power of balance. So like if if one, if someone
Speaker 1: knows that they can get stronger, get a bigger army,
Speaker 1: they can just steal my wealth, and then I'm incentivized
Speaker 1: because I know someone can comes to my wealth. I'm
Speaker 1: not incentivized to build and store wealth. And so one
Speaker 1: side is incentivized to steal and the other side is
Speaker 1: incentivized not to produce, so neither side is very productive.
Speaker 1: And if we can shift that power balance, shift the
Speaker 1: incentive structure. So now um, I'm incentivized to build value
Speaker 1: and save because I know my wealth can be stolen.
Speaker 1: And then the other side, instead of be incentivized to steal,
Speaker 1: they're incentivized to provide me valuable goods and services. So
Speaker 1: now the whole world shifts into focused on providing valuable
Speaker 1: goods and services, solving problems, creating new technologies as opposed
Speaker 1: to one side stealing this side protecting. How big does
Speaker 1: that change the world? Well, I love the idea of
Speaker 1: bitcoiners being an available option for me with um looking
Speaker 1: for a parallel economic system UM so and the shared
Speaker 1: come the shared space of hard sound money lets me
Speaker 1: know that their values somewhat aligned with mine. And if
Speaker 1: we're going to build something, I love building with bitcoiners
Speaker 1: and they're very entrepreneurial people by nature. Um but just
Speaker 1: agreeing on the fairness. I mean, you know, Wall Street's
Speaker 1: got its problems, and of course you know inflation and
Speaker 1: and all that. Just there's so many games people have
Speaker 1: played with UM fiat that it's it's exciting to build
Speaker 1: with bitcoinners for sure. Yeah. I just I just think
Speaker 1: about man having everybody focused on you know, like being
Speaker 1: a being a business owner is not a greedy thing, right,
Speaker 1: the world wants to make them greedy, But like there's
Speaker 1: solving people's problems. If you don't solve someone's problems or
Speaker 1: provide value, you don't get paid in a traditional way.
Speaker 1: UM and so man if if governments were forced to
Speaker 1: provide valuable goods and services, and we were more focused
Speaker 1: on providing goods and services like the explosion of technologies
Speaker 1: and and and progress. I think it's hard to it's
Speaker 1: hard to imagine how big that could be. Well, they're
Speaker 1: not oriented towards solutions unfortunately, but if yeah, it would
Speaker 1: be a beautiful world. I like your utopian vision. Yeah, man,
Speaker 1: you know bitcoin, we can have it in a parallel economy.
Speaker 1: We just need the power of choice and bitcoin provides
Speaker 1: that choice. Yeah. Yeah. The way I look at bitcoin
Speaker 1: in in in government, like you know, for for um
Speaker 1: El Salvador. You know, these countries that are going to
Speaker 1: be adopting it, making it legal, tender, it's gonna it's
Speaker 1: gonna require that government be responsible. Like that's you know,
Speaker 1: We've been a bitcoin for a while now, so it
Speaker 1: got Bitcoin has made me more response. Well, bitcoin has
Speaker 1: had that effect on me where I'm like, I want
Speaker 1: to save I want to save this money, you know, like, uh,
Speaker 1: this this is a this is an inflation hedge um,
Speaker 1: you know, and and and the more the more you
Speaker 1: want to save money, the more you want bitcoin. Dude.
Speaker 1: Something clicked a couple of years ago, right, who wants
Speaker 1: to save dollars? Who wants to save money nobody. That's
Speaker 1: why we're spending them as fast as we can. So yeah, dude,
Speaker 1: so we all have the same sickness. Like I don't
Speaker 1: respect the dollar, so I just spend it. I respect
Speaker 1: bits bitcoins so much that it makes me a responsible person,
Speaker 1: and it's going to do that for government to write
Speaker 1: like if if, if you can't just print your problems
Speaker 1: away and you actually have to have something valuable to
Speaker 1: spend to get something somebody to do something, you have
Speaker 1: to have the money to get them to do that. Yeah, responsible?
Speaker 1: What about? What about what about this? Kyle? Are nonpracticing
Speaker 1: lawyer in the house? Um, so what about what about? When? Uh,
Speaker 1: I won't want to suit you? Why would I sue
Speaker 1: somebody if I can't if I can't collect money. Don't
Speaker 1: even get me started on the frivolous lawsuits. Dude. You
Speaker 1: don't think what I'm just saying, Like, like if if
Speaker 1: if I sue you and the judge says, yeah, you
Speaker 1: gotta pay them, Well, how do I collect if you
Speaker 1: tell the women that they're never going to participate in
Speaker 1: marriage again, So don't tip them off to that. But
Speaker 1: you know what I mean, because like I get a
Speaker 1: judgment right, so the judge gives me a judgment, But
Speaker 1: how do I collect if your money is in bitcoin?
Speaker 1: If okay, the fourth out of the law, out of
Speaker 1: the hands of the well, the insurance companies are going
Speaker 1: to have to provide bitcoin right there. That's why I
Speaker 1: think in our lifetime it's less likely to replace the
Speaker 1: US dollar because the state's gonna, you know, put its
Speaker 1: full force behind having that power over people. I see
Speaker 1: it as a parallel option for people that opt in,
Speaker 1: you know, voluntary um opting into bitcoin could be huge anyway, Like,
Speaker 1: it doesn't necessarily have to replace the dollar. I think
Speaker 1: the market will decide that if it's actually free, but
Speaker 1: it's so controlled by the government that you know, the
Speaker 1: market formerly known as the free market. Anyway, I would
Speaker 1: love bitcoin, but but government exists. What do we do
Speaker 1: about the What do we do about that? It's growing,
Speaker 1: but it changes. It's well, it's grown by the minute,
Speaker 1: but it's gonna it's gonna change, right, It's government does
Speaker 1: not change. Sure. I mean the nature of the state.
Speaker 1: If you read Rothbard's Anatomy of the State, right, what
Speaker 1: is the state and the and and or you read
Speaker 1: the law, I mean both of them basically state that
Speaker 1: the purpose of the state is to control power, grow
Speaker 1: its power, and keep its power. But this just changes things.
Speaker 1: It changes the incentive structure. Um. But I mean, I
Speaker 1: think the United States is like five or ten percent
Speaker 1: of the population of the world, and we have like
Speaker 1: of the attorneys in the world. Yeah, dude, that's the
Speaker 1: Fiat money for sure. That's because of the strength of
Speaker 1: the dollar. That's because that mighty dollar. So the insurance
Speaker 1: company these you know, going back to like I'm trying
Speaker 1: to imagine this bitcoin standard world, this this world where
Speaker 1: we're only in bitcoin and we're not influenced by the dollar,
Speaker 1: and what that would do, Like because you asked me,
Speaker 1: you got my lawyer in mind thinking now, right, So
Speaker 1: so I was just thinking the the the number of
Speaker 1: frivolous lawsuits would have to go away, because the only
Speaker 1: reason that these exist is because insurance companies are largely subsidized. Right,
Speaker 1: there's insurance money for days. That's what the whole um,
Speaker 1: the facade is of of the law, right, that's where
Speaker 1: the law that's where all these lawyers get all their
Speaker 1: money from insurance companies. But bitcoin requires everybody to be
Speaker 1: responsible and to only put put you know if you
Speaker 1: value money to only put that money where you know
Speaker 1: you're going to get an actual return. So dude, it's
Speaker 1: hard to imagine. It's hard going standard world everything, so
Speaker 1: many things are gonna have to change. Anyway, Sorry about that, tirade, bro,
Speaker 1: don't take me back to uh my law, I'll school,
Speaker 1: I'll take you back to last It's just it's just, yeah,
Speaker 1: it's hard to imagine that. It's just when you change
Speaker 1: in central structures. By the way, you're listening to the
Speaker 1: Mark Moss Show, we're talking about bitcoin cryptocurrencies, Uh, the
Speaker 1: way they're going to change the world in this decentralized revolution.
Speaker 1: It's literally gonna change everything, including the legal system, the
Speaker 1: insurance system. I mean, it's just hard to imagine. But
Speaker 1: when we change the power balance and the incentive structure, UM,
Speaker 1: I believe it just changes the world for the better. Um.
Speaker 1: And so um, you know it's gonna be the big opportunity,
Speaker 1: the biggest wealth frands for you've ever seen. And you
Speaker 1: want to participate, but you gotta make sure you get
Speaker 1: good information. So that's why you want to tune in
Speaker 1: each and every week and hear us discuss all these
Speaker 1: different angles because um, you know, some people want to
Speaker 1: be I haven't explained to him in two minutes, like
Speaker 1: they're five years old, and it just can't do that.
Speaker 1: You need to put the time in, but I can
Speaker 1: guarantee it's worth it. You listen to Mark Moss. I'm
Speaker 1: with my good friends Kyle Wonderley at Kyle Wonderley and
Speaker 1: Jessica Van at Jessica Van. Of course, I'm at one
Speaker 1: Mark Moss and we're here each week bring you the
Speaker 1: best information on bitcoin and cryptocurrencies and the decentralized revolution.
Speaker 1: And we're talking about the way it's going to change
Speaker 1: the world. When we come back, we're gonna break it
Speaker 1: down even more. So don't go away, all right, welcome back.
Speaker 1: You are listening to the Mark Moss Show, and we
Speaker 1: are talking about bitcoin, of course, cryptocurrencies and the decentralized revolution.
Speaker 1: This is this will be the most important part of
Speaker 1: your week each and every week. Make sure to tune
Speaker 1: in with me. Make up make an appointment on your
Speaker 1: calendar for this channel this time and join me. I'm
Speaker 1: in the studio with two of my good friends, Kyle
Speaker 1: Wonderley at Kyle Wonderley and of course Jessica Van. You
Speaker 1: can find her at Jessica Van and I am at one.
Speaker 1: Mark Moss, shoot us a message, give us a follow
Speaker 1: say what's up, and uh, we're gonna keep talking about bitcoin.
Speaker 1: We've covered a lot of ground. You've missed out a
Speaker 1: lot if you're just tuning in, But we're just talking
Speaker 1: about you know, bitcoin, the biggest thing in the world,
Speaker 1: has really changed the world. And before we went to
Speaker 1: the break, we were talking about how if you change
Speaker 1: the incentive structure, the balance balance, the power of balance
Speaker 1: and the incentive structure, how much does that change the world.
Speaker 1: Of course we don't know, but just hypothetically speaking, right,
Speaker 1: if you, if you? If you, we're currently in a
Speaker 1: system where, um, you know, theft is incentivized by by
Speaker 1: the government, by theft and by force, and then the
Speaker 1: people are you mean taxes? Yeah? Well sure, taxes, yeah,
Speaker 1: inflation is theft? Um? Well, and then I mean talking
Speaker 1: about taxes, right, I think we were talking about well,
Speaker 1: and then and then the people us we're not that
Speaker 1: incentivized because we know that our wealth can be stolen
Speaker 1: any time, and the government knows if they raise the
Speaker 1: taxes too high, then the people will be piste will overthrow.
Speaker 1: They won't they won't pay whatever. And so what they
Speaker 1: do is instead of just raising your taxes, well, we'll
Speaker 1: just add more taxes to your death, you know, your
Speaker 1: your state taxes will add more taxes to your cap gains, uh,
Speaker 1: will tax or unrealized wealth. And they just keep trying
Speaker 1: to find ways to take more wealth as opposed to
Speaker 1: trying to find ways to provide more value. The sovereign
Speaker 1: individual talks about like a dairy cow, and the farmer
Speaker 1: keeps the dairy cow in a pin and takes as
Speaker 1: much as much mooke as it once. But what happens
Speaker 1: when the cow can grow wings? Eric Jessica's got the book.
Speaker 1: What happens when the cow can grow wings and fly away? Right?
Speaker 1: And so when the state is forced to provide a
Speaker 1: valuable good in service and so yeah, I don't know,
Speaker 1: it's just I don't I don't know how big how
Speaker 1: much that changes the world. But it seems like it's
Speaker 1: going to be a much better place. That's my utopian
Speaker 1: vision for sure. Yeah, it's uh, it's fun to speculate,
Speaker 1: it's fun. It's fun to think about a world that
Speaker 1: would be bitcoin only. I think, uh, I think the
Speaker 1: more that you do that the more of a bitcoinner
Speaker 1: you become. You know, Mark, I've listened to you and Jessica,
Speaker 1: and I know there are other bitcoinners that you connect
Speaker 1: with constantly. I've listened to you in spaces a number
Speaker 1: of times. And it's so crazy to me how much
Speaker 1: in common bitcoiners have once you understand bitcoin and you
Speaker 1: and you and invest your your time and energy into bitcoin,
Speaker 1: it's so many. It's so funny how all these other
Speaker 1: little things in your life, like the way we eat,
Speaker 1: like our health regimen, you know, like the way you
Speaker 1: see politics, all these other things are like they all
Speaker 1: fall in line. It's such a it's such a cool community. Jessica,
Speaker 1: how has it changed the way of you politics? Yeah? Well,
Speaker 1: you know it was. It was a tool of UM
Speaker 1: political paradigm shift for me. And it was a uh
Speaker 1: um just a non violent productive means of me UM
Speaker 1: funneling that energy, my revolutionary energy. Because complain all you
Speaker 1: want on the internet, but what you know, if you
Speaker 1: have an option to UM opt out by either moving
Speaker 1: like I live in Los Angeles, I could move and
Speaker 1: that would send you know, some sort of a message,
Speaker 1: but also pulling my FIAT out and signaling my confidence
Speaker 1: and talking about it because I'm basically, um, you know,
Speaker 1: a bitcoin uh evangelist. Snow, that's my new job. Yeah,
Speaker 1: what about I think, Kyle, you were staying earlier about
Speaker 1: like you know, I think the bitcoin thing that like
Speaker 1: changes your time preference. Yeah, so you're talking about how
Speaker 1: you don't want to spend your bitcoin, right, you want
Speaker 1: to save it. But then it starts applying to every
Speaker 1: area where you start looking at a longer time preference
Speaker 1: within your health. I don't want to eat fiat food.
Speaker 1: I want things that will give me long term health
Speaker 1: with my food, right, I want things that will build
Speaker 1: long term relationships I want and everything all of a
Speaker 1: sudden gets like more important at least I don't know.
Speaker 1: It seems like it gives you I can call like
Speaker 1: orange colored lenses and then everything just like, um, you
Speaker 1: start you stopped wanting the shortcuts and you really want
Speaker 1: to start kind of building and investing in your life,
Speaker 1: and in all those areas, it does remove and mitigate
Speaker 1: your impulse quite a bit. Um. You know, I'll send
Speaker 1: you stocks or something and you're like, you know, this
Speaker 1: is this is great, but how is it going to
Speaker 1: outperform bitcoin? I'd rather just have more bitcoin and and
Speaker 1: now I hear your voice like echoing in my mind,
Speaker 1: you know, And it's good. It's good, it is. I
Speaker 1: don't I don't want to spend my dollars because I
Speaker 1: know I could just be buying bitcoin with those. So
Speaker 1: when we go to the grocery store, we go to Target.
Speaker 1: I used to be a pretty frivolous spender. Like we
Speaker 1: have a pretty good budget every month, Mike. If whenever
Speaker 1: I'm going to the grocery store with say last my wife,
Speaker 1: I'm getting whatever I want, right, I just throw it
Speaker 1: in the I don't care what it costs, Like I
Speaker 1: like snow crab legs, right, since I I don't get
Speaker 1: hamburger meat now hamburger meat, I don't get much anymore.
Speaker 1: Everything I have goes to the bitcoin. So I'm way
Speaker 1: more of a saver than I've ever been in my life. Well,
Speaker 1: I think when you see, you know, bitcoin has been
Speaker 1: the best performing nasset in history. It's been It's been
Speaker 1: compounded per year, So it's like, shoot, I could I
Speaker 1: could have the crab legs or this, this will be
Speaker 1: worth two or three times as much more money in
Speaker 1: a year from now. And it's like like I could
Speaker 1: go to Tabaroo on a surf trip. But that's fifteen grand,
Speaker 1: or that could be fifty grand next year if I
Speaker 1: put in a bitcoin. Yeah. And you know what's what's
Speaker 1: unique about this, though, is that we're in a time
Speaker 1: period right now where this it's not always going to
Speaker 1: be like this. At some point we're gonna have full
Speaker 1: on adoption where bitcoin correct me if I'm wrong, Whiles,
Speaker 1: I mean, you know better than I do. But we're
Speaker 1: gonna get to a point where where we've gone through
Speaker 1: this long period of adoption, and maybe it takes five
Speaker 1: or ten years or who knows. But then I think
Speaker 1: now that we have money, it behaves more like money,
Speaker 1: and it stops being so volatile, it stops growing so much,
Speaker 1: and uh, I think it becomes more like gold is
Speaker 1: right now kind of like not really, you have to
Speaker 1: think about it like this, So you either have you
Speaker 1: either have scarcity of money or scarcity of assets. So
Speaker 1: right now, we have unlimited amounts of money, so the
Speaker 1: value accrues in the assets. But when we have a
Speaker 1: fixed supply cap of money, but growth and assets continue
Speaker 1: and we have the value of the growth of the
Speaker 1: money goes up. The value of accruing the money bitcoin.
Speaker 1: Bitcoin's price will keep going up because it always going
Speaker 1: to be the money will be divided by the amount
Speaker 1: of assets, and and right now with an um gonna
Speaker 1: supply right the assets go open value. That makes sense.
Speaker 1: The government should like bitcoin as a store of value
Speaker 1: for you know, the cultists like us that UM put
Speaker 1: our money there now because um since they are actively
Speaker 1: gunning for personal property, they'd rather you get out of
Speaker 1: things like um um owning homes in that type of thing,
Speaker 1: So they should feel favorable about bitcoin in that way.
Speaker 1: At least it gets you out of that market. Mm hmm. Yeah, yeah,
Speaker 1: it's interesting. It's like like, you know, humans are just
Speaker 1: we're really bad at imagine in the future because we
Speaker 1: can only imagine better versions of today. But if I
Speaker 1: can imagine a world where we all thought about providing
Speaker 1: value to two people as opposed to trying to take
Speaker 1: take take, you know, I think Kyle, we were talking
Speaker 1: about last week. We're hanging out and how you know,
Speaker 1: all these people are trading cryptocurrencies or trading options on
Speaker 1: robin hood UM and for the first time option is
Speaker 1: are now have exceeded stocks and basically everyone's trading but
Speaker 1: they're not providing any value trading and trading trading, there's
Speaker 1: no value that's being created. And then what they're doing
Speaker 1: is they're increasing their dollar supply, and then they're going
Speaker 1: and trying to buy goods and services from other people.
Speaker 1: And so it's actually it's a net drag on the economy,
Speaker 1: which is bad. I heard this morning. I heard this
Speaker 1: morning that people what was it, five percent of the
Speaker 1: people that quit their jobs. Dude, I can't you know what.
Speaker 1: Maybe I shouldn't even say this, but it's somewhere, you know,
Speaker 1: somebody could look it up. Five percent. I don't, I
Speaker 1: don't know. I heard it on the radio. Five percent
Speaker 1: of the people that quit their jobs. Um, five percent
Speaker 1: of those quit because they're making money in crypto. Yeah, yeah,
Speaker 1: that's the well. And yeah, I saw I saw something similar.
Speaker 1: By the way, you're listening to the Mark Moss Show.
Speaker 1: We're talking about bitcoin, cryptocurrencies and the decentralized revolution. I'm
Speaker 1: in the studio with my good friends Kyle Wonderley, uh
Speaker 1: at Kyle Wonderley and Jessica Vaughan. At. Jessica Vaughn. Look
Speaker 1: us up. I'm one Mark Moss. Send us a message,
Speaker 1: say you heard it on the show. UM, we'll be
Speaker 1: back with more Bitcoin, cryptocurrency and decentralized revolution.