WEBVTT - The Mark Moss Show Nov 12, 2021 0:00:00.240 --> 0:00:03.000 All right, you are listening to the Mark Moa Show, 0:00:03.279 --> 0:00:08.559 and we are talking about bitcoin, cryptocurrencies and the decentralized revolution. 0:00:08.960 --> 0:00:11.920 This is the biggest part of your week each and 0:00:12.000 --> 0:00:14.239 every week, at least it should be, because this is 0:00:14.280 --> 0:00:17.320 going to be the biggest opportunity of your entire life. 0:00:17.560 --> 0:00:19.040 And of course, the way that you take advantage of 0:00:19.079 --> 0:00:23.599 these asymmetric opportunities is by having a symmetric information. That 0:00:23.640 --> 0:00:26.480 means you've got to have information that most people don't have, 0:00:26.560 --> 0:00:28.800 which is why we bring that to you each and 0:00:29.040 --> 0:00:32.279 every week. Now I am joined in the studio by 0:00:32.320 --> 0:00:35.080 two of my really good friends. I got Kyle Wonderly 0:00:35.560 --> 0:00:38.240 and I got Jessica Vaughan. They are back with me again. 0:00:38.240 --> 0:00:42.920 What's up, guys, what's up? Mark? Thanks for having me. Yeah, 0:00:43.040 --> 0:00:46.200 you know, man, I'm here talking about bitcoin each every week, 0:00:46.200 --> 0:00:48.199 and I love just having you guys on and just 0:00:48.240 --> 0:00:50.720 kind of talking about so so good to hear. There's 0:00:50.720 --> 0:00:53.280 always so much going on to talk about, so I 0:00:53.320 --> 0:00:58.000 know we have that. You know, um, Jessica's favorite guy 0:00:58.080 --> 0:01:02.240 in the world. We'll say, what's her favorite podcaster? We're 0:01:02.240 --> 0:01:05.560 talking about j r E. The Joe Rogan Show made 0:01:05.600 --> 0:01:08.360 Big News this week. Now, first of all, he made 0:01:08.400 --> 0:01:12.320 big news because he is big news. Uh uh, Well, 0:01:12.440 --> 0:01:16.480 while mainstream media wants us to believe that that their mainstream, 0:01:16.560 --> 0:01:20.200 you know, CNN's mainstream. I pulled some stats, um, and 0:01:20.360 --> 0:01:25.120 CNN's biggest show, Anderson Cooper gets about six to seven 0:01:25.200 --> 0:01:28.479 hundred thousand views per video or per per episode or whatever. 0:01:28.880 --> 0:01:31.720 In the cove range, they get about a hundred and 0:01:31.720 --> 0:01:35.840 twenty five thousand per episode. Now, I'm not big time, 0:01:35.920 --> 0:01:38.760 and I have videos that have more views than that. Um. 0:01:38.840 --> 0:01:41.440 Joe Rogan is big time and he gets about two 0:01:41.720 --> 0:01:45.679 hundred million views, so he's he's pretty big time. And 0:01:45.800 --> 0:01:49.080 uh and uh. You know, in the bitcoin community, we've 0:01:49.120 --> 0:01:50.640 been talking a lot about Lady. As a matter of fact, 0:01:50.640 --> 0:01:53.000 there's this tweet that keeps going around. Everyone's trying to 0:01:53.000 --> 0:01:55.920 get Michael Saylor to go on on Joe Rogan. Um, 0:01:55.920 --> 0:01:59.040 but big news, big, big nig news, guys. The world's 0:01:59.080 --> 0:02:02.320 most successful pod caster and comedian has accepted a bitcoin 0:02:02.360 --> 0:02:08.120 payment of one hundred thousand dollars UM. He's talked about 0:02:08.120 --> 0:02:11.200 it in the past on his show, but now by 0:02:11.280 --> 0:02:14.840 accepting bitcoin as payment, it marks a definitive switch in 0:02:14.960 --> 0:02:20.880 stanch on his part. Um he said, he said, he said, Uh, 0:02:21.919 --> 0:02:23.800 someone said on a show said Joe got a deal 0:02:23.840 --> 0:02:26.600 for over a hundred thousand dollars. Cheff here said, and 0:02:26.680 --> 0:02:32.360 Joe said, it's not American money. What do you think 0:02:32.400 --> 0:02:35.960 about Joe getting a hundred thousand dollars? Yes, well, I'm 0:02:36.000 --> 0:02:38.720 sure that a hundred thousand dollars is just you know, 0:02:38.880 --> 0:02:41.040 pocket changed to him, and that I'm sure. I'm sure 0:02:41.040 --> 0:02:44.000 he's been taking bitcoin in tips and crypto is um, well, 0:02:44.040 --> 0:02:47.640 everybody on the right seems to definitely get their tips 0:02:47.639 --> 0:02:51.480 already in crypto because we're we're believers, right. You know 0:02:51.480 --> 0:02:53.960 what I thought was funny, Mark, was did you watch 0:02:54.000 --> 0:02:56.200 that video the little clip? Did you? I just thought 0:02:56.200 --> 0:02:58.400 that I just saw the clip. Yeah, yeah, it was 0:02:58.440 --> 0:03:01.560 funny when I think it was, uh, what's the what's 0:03:01.560 --> 0:03:04.880 the guy's name? Uh, Amar Sheer or whatever his name was. 0:03:05.080 --> 0:03:07.800 His name was dragging for him? What was it, safire? 0:03:07.880 --> 0:03:10.959 I think yes, it was bragging about the fact that 0:03:10.960 --> 0:03:13.640 he's getting under dollars and hundreds dollars in bitcoin and 0:03:13.639 --> 0:03:17.760 and and his reaction was, you know, he's like, uh, 0:03:17.800 --> 0:03:20.839 what did he say? Said he was not American money? Oh? Yeah, 0:03:20.840 --> 0:03:23.600 it's not American money, and it's almost like, you know, 0:03:24.000 --> 0:03:28.160 he wants you to know. Uh, he doesn't want you 0:03:28.200 --> 0:03:30.320 to know that he's accepting bitcoin, but he does want 0:03:30.360 --> 0:03:32.440 you to know these things bigger because on his show, 0:03:32.520 --> 0:03:34.519 I've I watched a big, big time Joe Rogan fan 0:03:34.680 --> 0:03:37.280 Jica's too, but he's always kind of put bitcoin down 0:03:37.360 --> 0:03:40.040 or kind of said that it was a ponds I 0:03:40.080 --> 0:03:41.960 remember in the beginning, like the first time he heard 0:03:41.960 --> 0:03:45.280 about it, and I, you know, it's like a Ponzi scheme. 0:03:45.720 --> 0:03:47.640 I think that's a lot of people do that point 0:03:47.640 --> 0:03:49.560 they hear that it's at forty thousand, they know that 0:03:49.560 --> 0:03:51.840 guy's got it a like five or ten bucks. It's 0:03:51.920 --> 0:03:54.840 kind of hard to, you know, accept the fact that 0:03:54.880 --> 0:03:56.840 you're getting in so late, right, so they just write 0:03:56.840 --> 0:03:59.600 it off as a ponzi. But Joe Rogan so open 0:03:59.680 --> 0:04:02.320 mind did and learned so much through his guest, so 0:04:02.360 --> 0:04:04.560 you can see the evolution of his mind over the 0:04:04.640 --> 0:04:09.120 last couple of years, and now he's finally like, you know, well, 0:04:09.120 --> 0:04:12.040 there was a lot of external changes in the world 0:04:12.080 --> 0:04:17.200 too that necessitates bitcoin adopting at some point, though everybody 0:04:17.240 --> 0:04:20.480 capitulates that's what's cool as I have always respected Joe Rogan. 0:04:20.480 --> 0:04:23.400 I've watched him forever and learned so much from him. 0:04:23.400 --> 0:04:25.279 But here's something that he didn't know, something that I 0:04:25.400 --> 0:04:28.080 knew more than Joe Rogan, which is like super rare. 0:04:28.360 --> 0:04:31.200 But he thought it was a ponzi. But eventually, due 0:04:31.200 --> 0:04:36.440 to everybody comes comes around capitulates. Yeah, I think, you know, 0:04:36.480 --> 0:04:38.680 I was saying earlier like, uh, I think as the 0:04:38.720 --> 0:04:42.000 Gandhi quote, which is like at first they ignore you, 0:04:42.400 --> 0:04:44.440 and then they laugh at you, then they fight you, 0:04:44.880 --> 0:04:48.320 and then they join you. And uh, I was talking 0:04:48.360 --> 0:04:51.240 about on an earlier episode about Jamie Diamond from JP 0:04:51.360 --> 0:04:55.320 Morgan seen said if anybody even traded bitcoin, I'd fire him, 0:04:55.360 --> 0:04:58.119 and of course not JP Morgan's in Um, Joe Rogan 0:04:58.200 --> 0:05:00.320 maybe wasn't in the fighting so much, but he was 0:05:00.360 --> 0:05:05.320 maybe in the Joe in the laughing phase. But I think, um, 0:05:05.360 --> 0:05:07.600 you know, I think, as you said, Kyl, right, you 0:05:07.680 --> 0:05:11.080 can see his stance has kind of changed, and just 0:05:11.520 --> 0:05:15.039 him talking about it with a favorable you know, way 0:05:15.080 --> 0:05:16.640 to talk about it. I mean, it just brings a 0:05:16.680 --> 0:05:20.000 lot of two million people. Hey, yeah, it's it's real. 0:05:20.160 --> 0:05:24.360 I mean the guy has like what eleven million subscribers, right, 0:05:24.360 --> 0:05:27.680 and you were talking about, uh, the reach of what 0:05:27.720 --> 0:05:30.440 was it, CNN, You were just talking about two million 0:05:30.440 --> 0:05:38.160 people a month. Oh their gig is up though, Yeah, yeah, yeah, 0:05:38.279 --> 0:05:41.800 mainstream media. And it's like, it's it's so obvious that 0:05:41.800 --> 0:05:45.320 that's not the mainstream media anymore. Like I'm in the gym. Uh. 0:05:45.360 --> 0:05:48.400 You know, it's a reference something about Joe Rogan. Everybody's 0:05:48.400 --> 0:05:51.479 heard of everywhere I go, Like even my like tattoo artist, 0:05:51.560 --> 0:05:53.760 he's got Joe Rogan playing every day everywhere you go, 0:05:54.760 --> 0:05:57.920 Joe Rogan. Like, people know Joe Rogan. But but how 0:05:57.960 --> 0:06:00.599 many of you ask the same people? Yeah, the same people. 0:06:00.760 --> 0:06:03.800 Do you watch Fox News? Do you watch CNN? You know, 0:06:04.120 --> 0:06:05.480 nine out of ten of the people that I too 0:06:05.560 --> 0:06:07.720 thought talked to that watched Joe Rogan don't watch the 0:06:08.320 --> 0:06:11.760 normal everyday news. So you think, so mainstream is not 0:06:12.400 --> 0:06:14.960 the media, And you know, you know what else is 0:06:15.000 --> 0:06:19.120 also big mainstream is sports obviously, and of course Joe 0:06:19.160 --> 0:06:20.760 Rogan has that m M a kind of thing, which 0:06:20.800 --> 0:06:23.919 is which is big. But in other other sports news, 0:06:23.960 --> 0:06:27.799 Aaron Rodgers, quarterback of the Green Bay Packers, also agreed 0:06:27.839 --> 0:06:30.440 to get a portion of his pay paycheck in bitcoin 0:06:30.520 --> 0:06:34.279 as well, and that's another massive thing. And so Joe Rogan, 0:06:34.320 --> 0:06:36.520 I don't know. I don't know the full details around 0:06:36.560 --> 0:06:38.600 why he got the hundred thousand. I don't know if 0:06:38.640 --> 0:06:41.520 that broken the story. But Aaron Rodgers is actually getting 0:06:41.800 --> 0:06:44.800 he has to be paid in bitcoin, which is pretty amazing. 0:06:45.360 --> 0:06:49.240 That's so awesome. I am not like a super football fan, 0:06:49.400 --> 0:06:52.000 but everybody's heard the name Aaron Rodgers. All right, Jessica, 0:06:52.040 --> 0:06:53.840 do you do you know who Aaron Rodgers is? Of 0:06:53.880 --> 0:06:57.760 course I do, Okay, alright, So I mean I've heard 0:06:57.800 --> 0:07:00.200 of him, but I don't watch football. I don't know, 0:07:00.480 --> 0:07:02.320 but I remember hearing his name for the first time 0:07:02.360 --> 0:07:05.000 a few years back, and it was this little ten 0:07:05.040 --> 0:07:06.960 year old kid. He had an Aaron Rodgers jersey on, 0:07:07.440 --> 0:07:10.160 you know, and and uh, all the kids that are 0:07:10.160 --> 0:07:13.240 so enamored with Aaron Rodgers. That's big news, dude. Aaron 0:07:13.320 --> 0:07:16.960 Rodgers is like a superhero number one quarterback, you know, 0:07:17.080 --> 0:07:22.360 like his reach just that's that's so massive. He's pretty 0:07:22.400 --> 0:07:26.280 conservative in disposition, so I would say that bitcoin is 0:07:26.760 --> 0:07:31.640 um a default position that he would appreciate, right, yeah, yeah, 0:07:31.720 --> 0:07:33.720 And I think like kind of to your point, guy, 0:07:33.920 --> 0:07:37.400 like especially in football, right, Like kids love the merch, right, 0:07:37.440 --> 0:07:39.840 so they're like wearing the jerseys and all that thing, 0:07:39.920 --> 0:07:42.160 and so like, uh, probably there's a lot of that 0:07:42.240 --> 0:07:44.160 idolizing them and want to do things. And so when 0:07:44.160 --> 0:07:46.000 you see him like getting paid in bitcoin, I think 0:07:46.400 --> 0:07:50.280 that carries a lot of credibility. You know, I appreciate 0:07:50.320 --> 0:07:57.280 the signal of confidence for sure, exactly exactly. So I know. Also, Jess, 0:07:57.320 --> 0:07:59.280 you've hung out with Russell O Kong. He was kind 0:07:59.280 --> 0:08:01.760 of like the first football player to really start talking 0:08:01.800 --> 0:08:07.600 about getting paid in bitcoin. Um yeah, undred together. That 0:08:07.640 --> 0:08:10.000 was a good one for bitcoin. Race car yeah, I 0:08:10.000 --> 0:08:13.880 mean yeah, so Bitcoin magazines or I'm sorry, Big Jack 0:08:13.960 --> 0:08:17.000 Mallers whatever, Bitcoin had the indie car, indie race car 0:08:17.040 --> 0:08:19.720 in the indie I think the car finished second in 0:08:19.760 --> 0:08:23.480 the race. So um yeah, it's it's reaching like all 0:08:23.520 --> 0:08:25.040 types of levels of trench. Man. I think there's a 0:08:25.080 --> 0:08:27.360 couple of basketball players are getting paid in bitcoin as well. 0:08:27.920 --> 0:08:32.320 I'm not mistaken. It's inevitable. Yeah, I get on the 0:08:32.440 --> 0:08:34.360 get on the trend, man, if you want to be relevant, 0:08:34.440 --> 0:08:37.440 takes part of your salary in bitcoin. Right, It's not 0:08:37.520 --> 0:08:41.559 a friend, it's a revolution. Yeah, it's a revolution. I'm 0:08:41.600 --> 0:08:44.240 here with Jessica Vaughan at Jessica Vaughan on Twitter and 0:08:44.320 --> 0:08:47.760 Kyle Wonderlely at Kyle Wonderley on Twitter. He changed that 0:08:47.800 --> 0:08:49.520 to make it easier to go give him a follow, 0:08:49.559 --> 0:08:52.559 say what's up. We're talking about bitcoin, cryptocurrencies and the 0:08:52.600 --> 0:08:56.800 decentralized revolution. We're talking about how we're seeing more and 0:08:56.840 --> 0:09:00.680 more people choosing to get paid in bitcoin, may stream people, 0:09:00.760 --> 0:09:03.480 not seeing in mainstream people. There is the information you 0:09:03.520 --> 0:09:05.480 need to know so you can take advantage of this 0:09:06.200 --> 0:09:08.959 giant shift in the world. Again, you listen to the 0:09:09.000 --> 0:09:13.400 Mark Moss Show talking about bitcoin, cryptocurrencies and the decentralized revolution, 0:09:13.520 --> 0:09:17.000 and we will be right back. Everyone. Welcome back. You 0:09:17.040 --> 0:09:19.480 are listening to the Mark Moss Show. We're talking about bitcoin, 0:09:19.520 --> 0:09:24.439 cryptocurrencies and this decentralized revolution. Literally the biggest opportunity you 0:09:24.440 --> 0:09:26.120 will ever have in your life. And of course, the 0:09:26.120 --> 0:09:29.920 way that you participate in these asymmetric opportunities is by 0:09:29.920 --> 0:09:32.640 having asymmetric information, which is why you want to be 0:09:32.720 --> 0:09:35.040 with me each and every week. I'm joining the studio 0:09:35.080 --> 0:09:37.640 by two of my good friends, Kyle Wonderlely. You can 0:09:37.640 --> 0:09:41.160 find them on Twitter. At Kyle Wonderley. That's w n 0:09:41.559 --> 0:09:44.800 U N D E r l I. You'll find it. Uh. 0:09:45.280 --> 0:09:48.040 And let me just interact. If you watch the show 0:09:48.120 --> 0:09:51.760 last week, it was super underscore ruder. Course I did that. 0:09:51.840 --> 0:09:55.000 I changed that for this by right here Mark Moss. 0:09:55.000 --> 0:09:58.520 But if you still want to see uh, super rout 0:09:58.600 --> 0:10:01.040 stuff on YouTube, that is still their super red stuff 0:10:01.080 --> 0:10:04.559 on YouTube. There's the plug and uh and now that 0:10:04.640 --> 0:10:07.240 Kyle Stile the Spotlight. We also have Jessica Van no one, 0:10:07.240 --> 0:10:09.320 no one can steal her shine and you can find 0:10:09.360 --> 0:10:12.240 her at Jessica Gavan. Make sure to look her up. 0:10:12.720 --> 0:10:17.560 She is always putting some provocative things out there, uh 0:10:17.720 --> 0:10:21.480 to get you thinking thoughts. And we're talking about um, 0:10:21.520 --> 0:10:24.959 you know, mainstream not CNN. We're talking about mainstream as 0:10:24.960 --> 0:10:27.880 in Joe Rogan, as in football stars like Aaron Rodgers 0:10:27.960 --> 0:10:32.120 choosing to get paid in bitcoin, which is big because 0:10:32.160 --> 0:10:34.079 you know, when you have a brand new technology of 0:10:34.120 --> 0:10:37.200 technological revolution like bitcoin or any any technological revolution for 0:10:37.200 --> 0:10:39.560 that matter, there's like this bell curve and you have 0:10:39.679 --> 0:10:43.319 like the inventors and the visionaries, and before you get 0:10:43.360 --> 0:10:45.880 to the early majority, there's this this chasm, and the 0:10:46.000 --> 0:10:49.520 chasm has to be crossed, which means the mental shift 0:10:49.559 --> 0:10:51.800 has to happen in the majority for it to really 0:10:51.840 --> 0:10:53.480 hit the early majority, and in the late majority that 0:10:53.520 --> 0:10:56.160 goes to kind of parabolic run. And that's where we're 0:10:56.160 --> 0:10:59.440 at right now. We're right in that chasm. Um, And 0:10:59.520 --> 0:11:01.760 so I think with the E t F that makes 0:11:01.800 --> 0:11:03.800 it seem mainstream. Okay, it won't be won't be you know, 0:11:03.840 --> 0:11:07.880 won't be made illegal. Now, Uh, countries are adopting it. Um. 0:11:07.920 --> 0:11:11.040 And then you have Joe Rogan and Aaron Rodgers adopting it. 0:11:11.200 --> 0:11:14.800 That's crossing the chasm, and Uh, I think it's just 0:11:14.800 --> 0:11:16.840 gonna take off from here. I think, Um, then you 0:11:16.920 --> 0:11:21.320 have the addition of you know, cash app, Venmo, PayPal 0:11:21.480 --> 0:11:24.200 all adding it. So now all these Aaron Rodgers fans 0:11:24.200 --> 0:11:25.920 and Joe Rogan fans here, but they can easily go 0:11:25.960 --> 0:11:28.640 buy it. I mean, is this just gonna absolutely blow 0:11:28.679 --> 0:11:31.960 it up? Or what? It's sort of like instant a 0:11:32.080 --> 0:11:35.840 super celebrity that's paid so much money. UM is almost 0:11:35.840 --> 0:11:39.079 like an institution adopting bitcoins. So it's still not as 0:11:39.520 --> 0:11:42.679 great to me as you know, a hundred new bitcoiners 0:11:42.720 --> 0:11:45.640 that might share that same sort of payout that Aaron 0:11:45.720 --> 0:11:49.240 Rodgers were taking bitcoin. So I'd like to have more 0:11:49.280 --> 0:11:53.000 people in bitcoin with the same amount of bitcoin ownership 0:11:53.120 --> 0:11:55.240 that some super celebrity is going to get. But I 0:11:55.559 --> 0:11:58.120 do like the amount of reach that that has that message. 0:11:58.360 --> 0:12:01.160 And nobody pays these celebrities to um. You know, these 0:12:01.200 --> 0:12:04.000 influencers on such a grand scale, nobody pays them. They 0:12:04.040 --> 0:12:06.720 do it because they truly believe in the revolution. And 0:12:06.760 --> 0:12:10.320 that's what's so beautiful about bitcoin. Yeah, I think what's 0:12:10.320 --> 0:12:14.120 gonna blow it up mark is square cash app. They're 0:12:14.120 --> 0:12:18.800 releasing a debit card for teenagers starting at thirteen. Now 0:12:18.880 --> 0:12:21.199 you can have a debit card. Did you see that. 0:12:21.200 --> 0:12:23.959 That's funny because k YC doesn't let you own bitcoin 0:12:24.040 --> 0:12:26.840 unless you're eighteen. Yes, and so they're working on that. 0:12:26.920 --> 0:12:30.600 I saw Jack Dorsey tweeted that out. Um. Somebody asked 0:12:30.640 --> 0:12:33.160 him what does that mean kids can buy bitcoin on 0:12:33.160 --> 0:12:36.320 on the cash app? Said, nobody's working on it, but 0:12:36.360 --> 0:12:38.560 at least, you know, like a credit card. This has 0:12:38.600 --> 0:12:40.800 been an issue in our family. I've got three teenage girls, 0:12:41.000 --> 0:12:43.760 and I would they're all using Venmo. They're using Venmo. 0:12:44.200 --> 0:12:46.760 We don't get where a cashless family right, So when 0:12:46.800 --> 0:12:49.360 my daughter wants money for me, I send her Venmo 0:12:49.520 --> 0:12:51.679 and then she gets the cash from her friend, and 0:12:51.679 --> 0:12:56.680 then venmo's her friend. I just, uh, we've been we've 0:12:56.679 --> 0:12:58.679 been wanting a debit card for so long in this family. 0:12:58.720 --> 0:13:00.880 It's it's gonna be awesome. And then within the app 0:13:00.960 --> 0:13:06.040 they're gonna see bitcoin, right, yeah, so that's huge. I 0:13:06.080 --> 0:13:09.880 mean kids across America. I like that the apps are 0:13:09.920 --> 0:13:12.840 gonna make it easier for people to get familiarized with 0:13:12.960 --> 0:13:17.280 bitcoin and and um have some um warming up to it, 0:13:17.760 --> 0:13:20.760 but it's still something we're gonna have to harness that 0:13:20.880 --> 0:13:23.880 new group of people and teach them the whole point 0:13:23.880 --> 0:13:28.160 about self customing. Somebody said it was like training wheels 0:13:28.200 --> 0:13:31.040 like this, you know, putting bitcoin on Venmo and all 0:13:31.040 --> 0:13:33.720 this stuff was like training wheels. Did you see that mark? No? 0:13:33.920 --> 0:13:35.840 But I mean that's that's one way to look at it. 0:13:35.880 --> 0:13:37.520 But you know, what happened with the fiat money so 0:13:37.520 --> 0:13:39.640 well before the fit money system was gold goal is 0:13:39.640 --> 0:13:42.120 money for five thousand years. And what happens is, uh, 0:13:42.240 --> 0:13:44.360 gold is very clunky and heavy to use, so then 0:13:44.360 --> 0:13:45.680 you put it in the banks and then use paper 0:13:45.679 --> 0:13:48.600 goal certificates and what happened is over a period of time, 0:13:48.880 --> 0:13:52.240 people started thinking of paper goal stificates as money. They 0:13:52.240 --> 0:13:54.840 were only representative of money, but they started to think 0:13:54.840 --> 0:13:58.760 of them as money specifically. And so I do see dangers. 0:13:58.760 --> 0:14:00.679 Maybe it's training wheels off look at it that way. 0:14:00.720 --> 0:14:03.760 Maybe that's a good thing. But like what I'm afraid of. 0:14:03.920 --> 0:14:06.360 Maybe what Jessica was kind of saying is that um 0:14:06.400 --> 0:14:08.520 if people start just thinking, well, this is just the 0:14:08.559 --> 0:14:12.760 way it's done, and then all over again. Yeah, they 0:14:12.880 --> 0:14:16.080 did that. They took the silver out of their um 0:14:16.280 --> 0:14:21.200 coins before their downfall. Yeah, so then if people start thinking, 0:14:21.240 --> 0:14:23.000 so I get it's it's training was it's easy for 0:14:23.000 --> 0:14:25.400 them to get started, but they need to like eventually 0:14:25.440 --> 0:14:28.960 get off the training wheels, right, Yeah, and you mean 0:14:29.000 --> 0:14:31.440 to say that they need to get it sent off 0:14:31.480 --> 0:14:36.440 of those platforms right self custody, Right, Yeah. I like 0:14:36.520 --> 0:14:39.520 those apps because they funnel they funnel awareness, but we 0:14:39.600 --> 0:14:42.600 have to capture that to teach them the whole point, 0:14:42.760 --> 0:14:45.720 you know, especially a community that likes the fact that 0:14:45.760 --> 0:14:50.040 it's you know, unconfiscatable, well not exactly unconfiscatable if you 0:14:50.680 --> 0:14:54.280 got it through cash app or some case, or you're 0:14:55.000 --> 0:14:59.040 one of these big megabanks, you know, false set and security. 0:14:59.280 --> 0:15:02.400 I just spend on the talking about kind of like 0:15:02.440 --> 0:15:04.200 I had made a YouTube video about how I lost 0:15:04.240 --> 0:15:08.240 two million dollars worth of bitcoin um and uh, A 0:15:08.280 --> 0:15:10.520 big chunk of that was taken through an exchange, was 0:15:10.560 --> 0:15:14.600 sitting on in exchange and a big credible exchange, one 0:15:14.600 --> 0:15:17.480 of the biggest the United States. By that, Uh and uh, 0:15:17.640 --> 0:15:19.200 I mean it can it can just go. So there's 0:15:19.200 --> 0:15:22.000 there's there's always risk. But then I customed it myself. 0:15:22.000 --> 0:15:23.800 I had in a in a hot wallet on my 0:15:23.840 --> 0:15:27.160 phone and and that I lost money there too, and 0:15:27.240 --> 0:15:31.680 so it's it's dangerous, it's it's definitely, it's definitely difficult. 0:15:31.800 --> 0:15:34.080 And Jessica, I know it's still a jump you need 0:15:34.080 --> 0:15:38.040 to make yourself. I know, I'm with you, Jessica. I'm 0:15:38.040 --> 0:15:41.360 actually waiting so we can demo it for a video 0:15:41.760 --> 0:15:44.040 for a YouTube video or something. So yeah, but I 0:15:44.040 --> 0:15:46.160 would like to do that walk through because I don't 0:15:46.160 --> 0:15:50.360 know anything about cold storage, but I'm certainly a believer. Well, 0:15:50.400 --> 0:15:51.880 I've got a Ledger and I've had it for a 0:15:51.880 --> 0:15:54.200 long time, and this past couple of years I haven't 0:15:54.280 --> 0:15:56.160 used it at all because I've gotten really used to 0:15:56.200 --> 0:15:59.520 just using like meta mask or so Flair, phantom All 0:15:59.560 --> 0:16:03.560 or whatever. Uh, and then using companies like Celsius and 0:16:03.640 --> 0:16:05.960 block Fire and just having them custody. But dude, after 0:16:06.240 --> 0:16:09.000 your story, Mark, dude, and after talking to you about it. 0:16:09.560 --> 0:16:12.640 Oh man, I just got back from a trip and 0:16:12.720 --> 0:16:14.480 I have not got around to it yet, but that's 0:16:14.520 --> 0:16:16.480 the one on my top of my list. I've got 0:16:16.480 --> 0:16:20.160 to get the stuff off of these. Uh, they're not exchanges, 0:16:20.200 --> 0:16:23.520 but these other custodians I want to myself. I think, 0:16:23.520 --> 0:16:25.960 you know, most people, we've been brought up in the 0:16:26.000 --> 0:16:28.800 banking system, and we think that we kind of think 0:16:28.800 --> 0:16:32.120 of exchanges as banks, and um, you know, we think 0:16:32.280 --> 0:16:34.120 we'll just leave in the bank. But like, they're not. 0:16:34.240 --> 0:16:39.000 They're not banks, and they don't ensure your bitcoin and 0:16:39.080 --> 0:16:41.200 if they do get hacked or it does get stolen. 0:16:41.240 --> 0:16:42.960 As a matter of fact, the problem that I'm in 0:16:43.000 --> 0:16:46.600 the lawsuit over is that they supposedly, when you sign 0:16:46.680 --> 0:16:48.520 up for an account, you click the boxes. As I 0:16:48.560 --> 0:16:52.600 read the terms, and in the terms they say, no 0:16:52.640 --> 0:16:56.680 matter what happens, period, we're not responsible. Even if one 0:16:56.720 --> 0:16:59.320 of our employees steals it from you, we're not responsible. 0:16:59.840 --> 0:17:01.720 And so of course my attorneys are like, wait a minute, 0:17:01.720 --> 0:17:03.720 like that. You know, you can't just say that, but that, 0:17:03.800 --> 0:17:08.120 but that's what they say. And so there's uh more 0:17:08.200 --> 0:17:11.479 examples than you could imagine of of people losing bitcoin 0:17:11.520 --> 0:17:13.840 that way, and so you have to realize it's not 0:17:13.920 --> 0:17:15.920 now I think. I don't know if we talked about before, 0:17:15.960 --> 0:17:18.840 but the f d i C is now working with 0:17:18.920 --> 0:17:21.760 some banks to see how they could ensure bitcoin and 0:17:21.760 --> 0:17:24.200 that could change things. By the way, you're listening to 0:17:24.280 --> 0:17:26.360 the Mark Mo Show, I'm going to do with two 0:17:26.359 --> 0:17:29.440 of my good friends, Kyle Wonderley at Kyle Wonderley and 0:17:29.720 --> 0:17:32.120 the lovely Jessica Von. You can find her at Jessica Van. 0:17:32.200 --> 0:17:35.119 Of course, I'm one Mark Moss on Twitter and Instagram. 0:17:35.200 --> 0:17:36.960 Send us a message, say you heard us on the radio, 0:17:37.440 --> 0:17:39.919 Send us a question, um, and we'll make sure to 0:17:39.960 --> 0:17:42.679 answer it. The Mark Mo Show, we're talking about bitcoin, 0:17:43.000 --> 0:17:45.960 We're talking about cryptocurrencies. We're talking about the decentralized revolution, 0:17:46.080 --> 0:17:49.480 the biggest opportunity you will ever have in your lifetime. 0:17:49.800 --> 0:17:52.800 We'll be right back, all right, welcome back. You're listening 0:17:52.840 --> 0:17:54.840 to the Mark ma Show and we are talking about 0:17:54.880 --> 0:17:59.600 bitcoin and cryptocurrencies and the decentralized revolution and trying to 0:17:59.680 --> 0:18:03.040 help you out. I'm trying to give you the information 0:18:03.080 --> 0:18:06.040 you need to take advantage of the biggest opportunity you 0:18:06.080 --> 0:18:07.919 will ever see in your lifetime. And I'm in the 0:18:07.920 --> 0:18:10.200 studio with two of my really good friends. Kyle Wonderley 0:18:10.280 --> 0:18:12.359 you can find him at Kyle Wonderley and of course 0:18:12.600 --> 0:18:14.959 Jessicavan you can find her at Jessica Van and I 0:18:15.000 --> 0:18:18.760 am one Mark Moss. If you can send us a message, 0:18:18.760 --> 0:18:21.639 say what's up or something, ask a question. I don't know, 0:18:21.720 --> 0:18:25.080 but we're talking about um, obviously we're talking about bitcoin 0:18:25.119 --> 0:18:29.160 and crypto, but we're talking about how mainstream so athletes 0:18:29.240 --> 0:18:33.240 like Aaron Rodgers and Russell Kong and um Joe Rogan 0:18:33.320 --> 0:18:35.240 are getting paid in bitcoin and how easy it is 0:18:35.280 --> 0:18:37.560 for people to get in now with cash app and 0:18:37.600 --> 0:18:42.400 venmo and those types of things. But are they training wheels? Well, 0:18:42.440 --> 0:18:43.840 I guess they are training wheels. But is that a 0:18:43.840 --> 0:18:46.280 good thing or a bad thing? Um, Ultimately you need 0:18:46.320 --> 0:18:48.600 to get off the training wheels eventually and learn to 0:18:48.600 --> 0:18:50.400 self custom your coins. I think that's kind of where 0:18:50.400 --> 0:18:53.359 we're app and uh, we're kind of explained some of 0:18:53.359 --> 0:18:56.040 the pitfalls with that, I think, you know, I think 0:18:56.080 --> 0:18:59.040 about it as I was talking about earlier. It's like, um, 0:18:59.080 --> 0:19:03.040 I believe that bitcoin solves the oldest problem of humanity, 0:19:03.119 --> 0:19:05.240 which is how do I secure my private property in 0:19:05.240 --> 0:19:07.679 a way that can't be taken? And so it solves 0:19:07.720 --> 0:19:10.160 that problem which is massive, and we'll have this massive 0:19:10.359 --> 0:19:14.679 prosperity on the side if, um, if we shift the 0:19:14.720 --> 0:19:18.919 power of balance. So like if if one, if someone 0:19:19.000 --> 0:19:21.120 knows that they can get stronger, get a bigger army, 0:19:21.200 --> 0:19:25.080 they can just steal my wealth, and then I'm incentivized 0:19:25.119 --> 0:19:26.840 because I know someone can comes to my wealth. I'm 0:19:26.840 --> 0:19:30.320 not incentivized to build and store wealth. And so one 0:19:30.359 --> 0:19:32.600 side is incentivized to steal and the other side is 0:19:32.640 --> 0:19:36.080 incentivized not to produce, so neither side is very productive. 0:19:36.080 --> 0:19:38.359 And if we can shift that power balance, shift the 0:19:38.359 --> 0:19:43.439 incentive structure. So now um, I'm incentivized to build value 0:19:43.520 --> 0:19:45.760 and save because I know my wealth can be stolen. 0:19:45.840 --> 0:19:48.679 And then the other side, instead of be incentivized to steal, 0:19:48.960 --> 0:19:53.679 they're incentivized to provide me valuable goods and services. So 0:19:53.760 --> 0:19:58.440 now the whole world shifts into focused on providing valuable 0:19:58.440 --> 0:20:01.920 goods and services, solving problems, creating new technologies as opposed 0:20:01.920 --> 0:20:05.119 to one side stealing this side protecting. How big does 0:20:05.160 --> 0:20:08.679 that change the world? Well, I love the idea of 0:20:09.440 --> 0:20:15.160 bitcoiners being an available option for me with um looking 0:20:15.200 --> 0:20:20.560 for a parallel economic system UM so and the shared 0:20:20.640 --> 0:20:25.040 come the shared space of hard sound money lets me 0:20:25.119 --> 0:20:27.840 know that their values somewhat aligned with mine. And if 0:20:27.880 --> 0:20:31.120 we're going to build something, I love building with bitcoiners 0:20:31.119 --> 0:20:34.560 and they're very entrepreneurial people by nature. Um but just 0:20:34.640 --> 0:20:38.440 agreeing on the fairness. I mean, you know, Wall Street's 0:20:38.440 --> 0:20:42.440 got its problems, and of course you know inflation and 0:20:42.440 --> 0:20:44.919 and all that. Just there's so many games people have 0:20:45.080 --> 0:20:48.800 played with UM fiat that it's it's exciting to build 0:20:48.880 --> 0:20:51.320 with bitcoinners for sure. Yeah. I just I just think 0:20:51.320 --> 0:20:55.080 about man having everybody focused on you know, like being 0:20:55.080 --> 0:20:58.200 a being a business owner is not a greedy thing, right, 0:20:58.240 --> 0:20:59.960