Speaker 1: Everyone, welcome back. You are listening to the Mark Moas Show.
Speaker 1: We're talking about the decentralized revolution that is happening right now,
Speaker 1: the one that we're living through. We're talking about bitcoin,
Speaker 1: we're talking about cryptocurrencies. We're talking about the intersection between
Speaker 1: politics and finance and technology as it's changing the world
Speaker 1: that we're living in now. I'm with each and every
Speaker 1: week trying to keep you up to date because this
Speaker 1: is moving so fast, and it's so it's moving so fast,
Speaker 1: and it's so important for you to understand, so important
Speaker 1: for you to understand because this will be the biggest
Speaker 1: opportunity of your life. You can either take advantage or
Speaker 1: you can be left behind. And so I urge you.
Speaker 1: I welcome you. I ask you to tune in each
Speaker 1: and every week. UM put a reminder on your calendar
Speaker 1: for this date, this time, this channel to make sure
Speaker 1: you tune in with me. Try to bring you the
Speaker 1: education that you need so you can get the right perspective.
Speaker 1: I'd bring you the latest breaking news to you know
Speaker 1: what's going on, and then I bring you some interesting
Speaker 1: people to hear from each end every week, and you
Speaker 1: know this is changing, it's changing really fast. And you know,
Speaker 1: an old them doesn't die without a fight. Um. There's
Speaker 1: something known as creative destruction, and that means that when
Speaker 1: something new is created, it destroys the old way. It's
Speaker 1: kind of like a forest fire. The forest fire, you
Speaker 1: kind of gotta burn the underbrush so that the new
Speaker 1: growth can come. It's kind of like Kodak, the company
Speaker 1: that made film. If you're young, you may not know
Speaker 1: about Kodak, but Kodak was over a hundred year old
Speaker 1: company that made film for cameras. And we don't use
Speaker 1: film and cameras anymore today. We have digital cameras, and
Speaker 1: so the digital camera destroyed Kodak, a film company, a
Speaker 1: hundred year old film company, and that's what creative destruction
Speaker 1: is now. Typically what happens is those incumbents, those those
Speaker 1: companies that are in place, or that that system that's
Speaker 1: in place doesn't want to go away. Especially in today's
Speaker 1: day and age. We're not in a capitalist society. We're
Speaker 1: in a chrony society. And so what we have is
Speaker 1: these big companies use the government to make laws to
Speaker 1: protect themselves and protect themselves from new companies out innovating them.
Speaker 1: It's not not a good situation to be in. But
Speaker 1: these old systems they don't want to die hard. And
Speaker 1: so we have this monopoly on money and stores of
Speaker 1: stores of value and medium exchange that the governments have,
Speaker 1: and uh, we have technology, and technology is changing things
Speaker 1: and it just is what it is. It's not it's
Speaker 1: not it's not about politics. It just is what it is.
Speaker 1: So for example, um, if I used to want to
Speaker 1: listen to Beethoven hundred years ago, I'd have to get
Speaker 1: a whatever, a thirty or fifty person orchestra. Right, that's
Speaker 1: just what that's what I have to do. And then
Speaker 1: eventually we had records, and then we had CDs, and
Speaker 1: now I have every music in the world is just
Speaker 1: available to be streamed on my phone. That wasn't about politics,
Speaker 1: that was just technology. I used to have to go
Speaker 1: to a library, used to have to go to all
Speaker 1: kinds of libraries are the biggest libraries in the world
Speaker 1: to find certain books, and today they're just all on
Speaker 1: my phone. I used to have have had walls and
Speaker 1: walls and walls of like photo albums, and now today
Speaker 1: they're just all in my computer. And we used to
Speaker 1: have piles and piles of gold and stacks and stacks
Speaker 1: of cash and now it's just digital. It's not it's
Speaker 1: not politics, it's just it's just it's just technology. It's creative,
Speaker 1: it's creative destruction. But it doesn't go down without a fight.
Speaker 1: And so it's pretty interesting. And when we're seeing how
Speaker 1: how it's working with these nation states wanting to UM
Speaker 1: fight this UM. China is one of the one of
Speaker 1: the first nations to really jump onto these digital currencies.
Speaker 1: Of course, they rolled out their own central bank digital
Speaker 1: currency UM. They've been testing it for about a year
Speaker 1: and a half, but they had a full scale rollout
Speaker 1: at the Beijing Winter Olympics. That's been going on. It's
Speaker 1: been pretty interesting to watch what's going on there. And
Speaker 1: they report that digitally want transactions beat out visa transactions
Speaker 1: at the Winter Olympics, which is pretty big. They've already
Speaker 1: got more people using them than that says replacing cash
Speaker 1: with digital one for payment can effectively reduce direct contact
Speaker 1: between people and the risk of spread of COVID nineteen
Speaker 1: end quote. So they're really pushing this like, hey, we
Speaker 1: should be having the Olympics. It's dangerous, we're in a
Speaker 1: pandemic and blah blah blah, and uh, you know cash
Speaker 1: is dirty, so why don't we use central make digital currencies?
Speaker 1: And it worked out pretty good, and we can see,
Speaker 1: like I said, that it is UM, it's it's it's
Speaker 1: it's outpacing VISA at this point. So China has completely
Speaker 1: embraced it UM. We were talking about in an earlier
Speaker 1: segment how in Canada they're trying to UM really censor
Speaker 1: it US specifically if you give any cryptocurrencies to what
Speaker 1: they considered dissident groups UM, which used to be okay,
Speaker 1: it's not anymore UM. And in the United States were
Speaker 1: starting to see the same thing. So we saw a
Speaker 1: few weeks ago UM the Biden administration UM came out
Speaker 1: with UM. They said that they are going to have
Speaker 1: an executive order to regulate cryptocurrency. So it was like
Speaker 1: an announcement of announcement. They didn't tell us what the
Speaker 1: executive order was or what they were going to do
Speaker 1: with it. They just told us that they were going
Speaker 1: to have one and it was gonna do something. And
Speaker 1: then at the same time, we saw the Treasury and
Speaker 1: Janet Yellen come out and say that they had an
Speaker 1: unlimited budget to go regulate cryptocurrencies. Again, don't know what
Speaker 1: that means. But as we're watching this, we're seeing a
Speaker 1: lot of other things happening. So, for example, we saw
Speaker 1: this week uh U S Congressman Warren Davidson introduced a
Speaker 1: bill called quote Keep Your Coins Act. So you, as
Speaker 1: Congressman Warren Davidson, he's a Republican from Ohio, introduced legislation
Speaker 1: entitled to Keep Your Coins Act UM in the wake
Speaker 1: of mounting concerns over crackdowns on civil liberties in Canada
Speaker 1: as private companies in the Canadian government leverage control of
Speaker 1: the legacy financial system. M So we have a Congressman
Speaker 1: Warren Davidson, I applaud you UM, and he says that
Speaker 1: Keep the Coins Act because of the concerns on the
Speaker 1: crackdown on civil liberties and so what some people are
Speaker 1: afraid of is that UM, bitcoin and cryptocurrencies are revolutionary
Speaker 1: for lots of reasons. One of the reasons is because
Speaker 1: I can custody my own coins. That means I can
Speaker 1: control them. And if I can control them, UM, the
Speaker 1: bank can't just see ease them. Right, So in in
Speaker 1: Canada um UM. Trudeau said that any truckers that are
Speaker 1: there in the protests, they're gonna seize their bank accounts,
Speaker 1: and they can do that. They put the put the
Speaker 1: push off a button. They just take the money in
Speaker 1: your account. It's not yours anymore. But if I have
Speaker 1: my money on my own, if I had to cash
Speaker 1: in my mattress, they couldn't just take my cash, right
Speaker 1: And if I have my cryptocurrencies, they couldn't take that either.
Speaker 1: And so one of the choke points, one of the
Speaker 1: weak points is that they think that government could say
Speaker 1: you can't You're not allowed to custody your own coins anymore,
Speaker 1: which seems completely ridiculous and it seems like a North
Speaker 1: Korea authoritarian edict um. I mean, I don't I'm not
Speaker 1: legally able to store my own wealth like what like,
Speaker 1: I have to leave it in a bank so you
Speaker 1: can seize it whenever you want. That doesn't seem right
Speaker 1: to me. And that's why it seems like they're doing
Speaker 1: their own doing bitcoin the marketing for them. But it says,
Speaker 1: if pass this bill would prevent any agency head from
Speaker 1: prohibiting or otherwise restricting the ability of a covered user
Speaker 1: to use virtual currency or its equivalent for such users
Speaker 1: own purposes, such as to purchase real or virtual goods
Speaker 1: or services and users own use UM or conduct transactions
Speaker 1: through a self hosted wallet UM, so, he says, Davidson says.
Speaker 1: Davidson says, we started working on the text after it
Speaker 1: was obvious that Secretary Yelling Janet Allen the US Treasury
Speaker 1: would resurrect the effort to restrict self custody. If they
Speaker 1: can't stop crypto, they want to try to move it
Speaker 1: to an account based system. That's what Davidson says. So
Speaker 1: what he's saying is that if they can't stop it,
Speaker 1: which of course they can't, what they want to do
Speaker 1: is say, well, you're not allowed to hold it on
Speaker 1: your own. We have you have to allow us to
Speaker 1: hold it for you. Of Course, the problem with that
Speaker 1: is what we saw when gold used to be money.
Speaker 1: Up until ninety three, gold was big and heavy and
Speaker 1: hard to move around. So I just put it in
Speaker 1: the bank and the bank gave me a gold Certificate UM,
Speaker 1: which was an IOU for the gold UM. And then
Speaker 1: in nineteen thirty three they enacted something called a bank holiday.
Speaker 1: The bank shut down for a week. When they open
Speaker 1: the banks back up, you weren't allowed to get your
Speaker 1: gold out anymore. And the reason why is because they
Speaker 1: printed way more paper gold certificates than they had gold
Speaker 1: in the bank. And so if they held your crypto
Speaker 1: and used an account based system, how do we know
Speaker 1: that they're not just creating a bunch more crypto. Of
Speaker 1: course we don't, which is the exact problem we're trying
Speaker 1: to solve. Um. He went on to say, we shouldn't
Speaker 1: use money as a way of controlling people. Of course,
Speaker 1: if there's criminal activity, you should go after that, which
Speaker 1: I agree. Right, if there's criminal activity, then then go
Speaker 1: after the criminals. But imagine if the same things were
Speaker 1: done to a crowdfunded BLM movement, that wouldn't be okay.
Speaker 1: It's not okay with the Freedom Convoy either, end quote.
Speaker 1: And so we shouldn't use money to control people. Control
Speaker 1: people with laws if they do something illegal, punish them
Speaker 1: for that, but don't control them with the money that's
Speaker 1: their own property. I'll be back with more in a second.
Speaker 1: Don't go away, Hey, welcome back. You are listening to
Speaker 1: the Mark mo Show. We're talking about the decentralized revolution.
Speaker 1: We're talking about the interest action of politics, finance and
Speaker 1: technology together, which of course is bitcoin leading this decentralized
Speaker 1: revolution and I'm bringing you the latest breaking news of
Speaker 1: the week right now. We were just talking about um
Speaker 1: U S Congressman Warren Davidson introducing a bill to Keep
Speaker 1: Your Coins Act, which is basically making a law where
Speaker 1: you're allowed to control your own cryptocurrency in your own
Speaker 1: wallet and they can't pass a law to take that
Speaker 1: away from you, which is, UM kind of ridiculous in
Speaker 1: a way. UM, we have to pass a lot to
Speaker 1: prevent more laws. Oh man, it's like they pass a lot,
Speaker 1: they don't ever repeal law. They just passed another law
Speaker 1: to you know, contradict the first law. I mean, it's
Speaker 1: all ridiculous. I mean, I thought we lived in the
Speaker 1: land of the free, um, but we have to pass
Speaker 1: a lot to allow us to have our own property
Speaker 1: either way. UM, I guess if that's where we're at,
Speaker 1: that's where we're at. And UH, I think it's pretty
Speaker 1: cool that he is doing that. So hat tip to
Speaker 1: UH Congressman Warren Davidson. But what I was talking about
Speaker 1: in UH in the bigger picture of things is that
Speaker 1: in times when we of these technology shifts, this uh
Speaker 1: creative destruction as I was calling it. UM, you know,
Speaker 1: the incumbent system doesn't want to give it up, right,
Speaker 1: they want to fight it. And so we've seen this
Speaker 1: obviously like Uber is a good example of that. So
Speaker 1: as Uber was changing the taxi system and rideshare system,
Speaker 1: the taxi industries themselves were fighting against Uber and they
Speaker 1: were going to the cities and they were trying to
Speaker 1: pass laws to prevent Uber from coming in. Or Airbnb,
Speaker 1: same thing. So you have the big hotel companies were
Speaker 1: going and trying to create laws and regulations and cities
Speaker 1: to prevent you know, Airbnbs and things like that, and so, um,
Speaker 1: that's just what happens and that and that's exactly what's
Speaker 1: happening here. And so as this incumbent financial system, which
Speaker 1: of course is much bigger than the taxi industry or
Speaker 1: the hotel industry, we're talking about the governments that control money,
Speaker 1: and of course they want to they're gonna want to
Speaker 1: control that, um. And so that's why, as we talked
Speaker 1: about before the break, you know, the Biden admant said
Speaker 1: they're going to create an executive order to regulate it,
Speaker 1: and we saw Jenny Allen's Treasury is gonna have unlimited
Speaker 1: budget to fight that. But what's interesting is as the
Speaker 1: federal government is continuing to try to um get more
Speaker 1: power to keep their positions, and of course the money
Speaker 1: is federally, so of course the federal government's doing that.
Speaker 1: We're seeing the states starting to push back against that,
Speaker 1: and so that's why you know, Rep. Warren Davidson from
Speaker 1: Ohio introduced that bill. We also saw this week we
Speaker 1: saw in Colorado, Colorado governor says he expects state to
Speaker 1: accept tax payments in cryptocurrencies by the summer. Jared Paulus,
Speaker 1: who's the governor of Colorado, announced that the state government
Speaker 1: plans to allow residents to pay taxes and cryptocurrencies as
Speaker 1: early as summer um and it was in a CNBC
Speaker 1: in an interview, he said that crypto holders in Colorado
Speaker 1: could have the option of sending tax payments in digital currencies,
Speaker 1: and quoting him, he said, we expect by this summer
Speaker 1: pretty soon to accept crypto for all our state tax
Speaker 1: related purposes. Then we plan to roll that out across
Speaker 1: all of state governments for things like um driver's license
Speaker 1: or hunting license within a few months after that end. Quote.
Speaker 1: Um So, while we have the federal government trying to
Speaker 1: crack down on it, the federal government said they want
Speaker 1: to regulate it. Um, we have states like Davidson in Ohio,
Speaker 1: like Jared Paula is the governor of Colorado, saying no, no, no,
Speaker 1: no, no no, no, no no, you're not going to regulate.
Speaker 1: As a matter of fact, we're going to make it
Speaker 1: um legal. We're gonna open it up for everything. You
Speaker 1: can pay all your fees on it. You can pay
Speaker 1: for your driver's license, your hunting license with it. And
Speaker 1: you know, in the United States, specifically the United States,
Speaker 1: I was talking about an earlier Segmentum, in a democracy,
Speaker 1: we should hear the voice of the people. The United
Speaker 1: States is not a democracy. The United States is a
Speaker 1: republic now, uh. And what that means we have a
Speaker 1: representative government. And what that means that the states have
Speaker 1: states rights, and so the states are able to do
Speaker 1: these things um, or they should be able to and
Speaker 1: we'll see how that plays off. UM. Now, you know
Speaker 1: paulas the governor of Colorado, he's been kind of working
Speaker 1: on this for a while. Back in two thousand nineteen,
Speaker 1: he signed the Colorado Digital Token Act put that into law,
Speaker 1: and basically he aimed to exempt tokens um with a
Speaker 1: primarily consumptive purpose is what it means, and he's trying
Speaker 1: to He's trying to UM remove them from security regulations
Speaker 1: because these regulations that are very ambiguous and nobody knows
Speaker 1: what these security regulations are. The SEC's maybe going to
Speaker 1: do one day. All this ambiguity has led to UH
Speaker 1: kind of a stall in in this new technology, and
Speaker 1: so UM states like Colorado have kind of moved to
Speaker 1: put legislation into place to kind of exempt tokens and
Speaker 1: things like that so they can continue to have that.
Speaker 1: So UM, he's been pretty pro cryptocurrency, which is pretty interesting.
Speaker 1: But he's not the only one we can see here. UM.
Speaker 1: In a post from Yahoo Finance, we saw UM. In Arizona,
Speaker 1: Bill s B one three four one was introduced by
Speaker 1: state Senator Wendy Rogers. UM seeks to amend the list
Speaker 1: of accepted legal tender to include bitcoin, which means the
Speaker 1: cryptocurrency would be accepted for the payment of debt, public charges, taxes,
Speaker 1: and other dues. So again, another state is saying, hey,
Speaker 1: federal government, you can say what you want, but we're
Speaker 1: gonna do something different. As a matter of fact, we're
Speaker 1: gonna make it legal tender to pay your public debt. Now.
Speaker 1: It's interesting that a lot of people would have typically said, yeah,
Speaker 1: bitcoin is never gonna work because, um, you know, you
Speaker 1: still have to pay taxes in dollars. But what about
Speaker 1: when the states a lot you to start paying your
Speaker 1: taxes in cryptocurrencies. And that's exactly what's happening now. Just
Speaker 1: so you know, it's not into law yet, it's a bill.
Speaker 1: Spe the bill still has to pass the Arizona State
Speaker 1: Senate and the House before it gets the governor who
Speaker 1: could sign it into law. Now, we don't know how
Speaker 1: it's going to work through those areas. It's not the point.
Speaker 1: The point is it's very interesting to see this happen
Speaker 1: and we can see that this transition that we're in,
Speaker 1: this decentralized revolution, is in place. And they're the only
Speaker 1: ones um. In Texas, there's a strong race for governor.
Speaker 1: Governor Abbott has been there, he's the incumbent um, but
Speaker 1: apparently there's a few other um candidates for governor in
Speaker 1: Texas that are gaining some momentum, and one of them
Speaker 1: is Conservative candidate for governor Texas of Texas, Don Huffing's
Speaker 1: and he released his plan to make Texas the leading
Speaker 1: state in America for bitcoin and other cryptocurrencies. He said,
Speaker 1: uh quote. As a leader in innovation, Texas must lead
Speaker 1: the nation on bitcoin policy and cryptocurrency adoption. I am
Speaker 1: committed to making Texas the citadel for a bitcoin and
Speaker 1: protecting the industry from the federal government. End quote. Let
Speaker 1: me let me, let me read that last part again
Speaker 1: for you. He said, uh, Texas sail for a bit
Speaker 1: and protecting the industry from the federal government. End quote.
Speaker 1: That's his words. It's pretty amazing that a politician is
Speaker 1: having to protect an industry from the federal government. Who
Speaker 1: is the federal government to be shutting down industries in
Speaker 1: the land of the free. Who are they to say
Speaker 1: what you can and can't do? Now? I know, I
Speaker 1: know through the pandemic, it's set this precedent where they
Speaker 1: could tell you your business is not essential and you
Speaker 1: must shut your business down. Well, it might have been
Speaker 1: not essential to you, but if you were trying to
Speaker 1: feed your family with it, it was pretty dang essential.
Speaker 1: So he says he has to protect the industry from
Speaker 1: the federal government. That's a problem. That is a big,
Speaker 1: big problem in my opinion. The federal government is there
Speaker 1: to protect private property rights, that's what the role of
Speaker 1: the federal government is. My business is my private property.
Speaker 1: They should be protecting it. And now this politician says
Speaker 1: he has to protect industry from the federal government. But
Speaker 1: that's exactly what's happening. It's a race. It's gonna be
Speaker 1: interesting to see how this all plays out. By the way,
Speaker 1: you're listening to the Markma Show. We're talking about the
Speaker 1: decentralized revolution that's happening right now before our very eyes.
Speaker 1: We're talking about the intersection of politics, finance, and technology.
Speaker 1: We're talking about bitcoin and how things are changing rapidly,
Speaker 1: and of course how you can stay involved and up
Speaker 1: to date on what's going on. Um, you're listening to
Speaker 1: the Markma Show. If you haven't already bookmarked this time
Speaker 1: and paid place to be with me each and every week,
Speaker 1: I'll be back with more in a second, don't go away,
Speaker 1: all right, welcome back. You are listening to the Markma
Speaker 1: Show talking about the decentralized revolution that we're living through.
Speaker 1: We're all living through it. And uh, if you unless
Speaker 1: you've been asleep or in a coma, you've probably realized
Speaker 1: that it's happening because it's all over the place. It's
Speaker 1: in your face. Um, it's in the news. The trucker
Speaker 1: situation of Canada. You know, we have states trying to
Speaker 1: change the laws about it, and uh more in your face.
Speaker 1: Probably the biggest stage to be I don't know, in
Speaker 1: the world, at least the United States was the Super Bowl,
Speaker 1: and it really dominated what was going on in the
Speaker 1: super Bowl. It kind of became the Crypto Bowl, if
Speaker 1: you will. I say Crypto Bowl because, um, if you're
Speaker 1: old enough to remember, then you might remember when it
Speaker 1: was the dot Com Bowl back in the year two thousand,
Speaker 1: when it was all dot coms that we're spending money.
Speaker 1: Um at that time, if you remember, in about two
Speaker 1: thousand five, it was mortgage companies spending money. And now
Speaker 1: here we are in two thousand twenty two at the
Speaker 1: Super Bowl and it was crypto companies that were spending
Speaker 1: all the money. So, uh, if you watch that at all,
Speaker 1: and even if you didn't watch it, you probably heard
Speaker 1: about it because I think, uh, probably even bigger than
Speaker 1: the game. People love, love, love love the commercials. The
Speaker 1: halftime show was pretty good too in my opinion, but
Speaker 1: that's because I'm from southern California and I'm old enough
Speaker 1: to remember when that was a thing. Uh, my kids
Speaker 1: think it was kind of funny, but I thought it
Speaker 1: was pretty good. But but anyway, back to a cryptocurrency
Speaker 1: in this decentralized revolution, um, there's something known as the
Speaker 1: Super Bowl indicator, and uh, it's not it's not all good.
Speaker 1: To be honest with you, it's not all good. So
Speaker 1: we can see Crypto dot Com, FTX Trading, and coin
Speaker 1: Base were some of the biggest cryptocurrency exchange companies who
Speaker 1: were buying ads during the Super Bowl. As a matter
Speaker 1: of fact, they reportedly shelled out as much as six
Speaker 1: point five million dollars for thirty seconds. Man, that's a
Speaker 1: lot of money. Now to put that into perspective, six
Speaker 1: and a half million dollars for thirty seconds. Two that
Speaker 1: was in the year two thousand. It was two and
Speaker 1: a half and I'm sorry, two point two million per slot.
Speaker 1: So that's inflation. That's inflation for you. Now, Remember, Inflation
Speaker 1: isn't the prices of things going up. Inflation isn't that
Speaker 1: things are becoming more valuable. Inflation is that your dollar
Speaker 1: is worth less and so it takes more dollars to
Speaker 1: buy those things today. So it used to take two
Speaker 1: point two million dollars to buy the spot. Now it
Speaker 1: takes because the dollars have lost so much value. Now
Speaker 1: it takes a six point five million dollars for the
Speaker 1: same thirty second spot, which is pretty interesting. A lot
Speaker 1: of inflation since uh I guess that's twenty two years.
Speaker 1: So if you would have had uh, if you would
Speaker 1: have had two point two million dollars for a thirty
Speaker 1: second slot back then, and you would have put that
Speaker 1: money in the bank today, it would have bought you
Speaker 1: about ten seconds. So about your thirty seconds back then
Speaker 1: today it buys you about ten seconds. To put that
Speaker 1: into perspective, um, of course, that means if you were
Speaker 1: buying if you would put the money for a house
Speaker 1: in the bank and you were trying to buy a
Speaker 1: house today, buy you about a third of the house.
Speaker 1: If you're trying to buy a basket of groceries, it
Speaker 1: buys you about a third of those basket of groceries.
Speaker 1: That's what happens when they inflate your money away. But
Speaker 1: back to the back to the Super Bowl, the Crypto
Speaker 1: bowl um. Unfortunately, despite millions of dollars that was spent
Speaker 1: on ads, the price of bitcoin and other cryptocurrencies didn't
Speaker 1: take off quite what most people were expecting her. I
Speaker 1: should say, maybe hoping for um, A lot of people
Speaker 1: might have gone out and bought some of those bitcoin
Speaker 1: and cryptocurrencies after that day, hoping that it would take off.
Speaker 1: But um, I guess I did a little bit. Um.
Speaker 1: At about the time of the area, bitcoin was about
Speaker 1: forty two dollars. It's about forty four thousand dollars today
Speaker 1: it was up about two dollars. Uh, that's not too bad,
Speaker 1: um if if if you look at it's up a
Speaker 1: little bit. Got a little bit of a bump. Now.
Speaker 1: I don't know if it's because of that or if
Speaker 1: it's because of all the governments of the world doing
Speaker 1: marketing for cryptocurrencies. We see, like I said, crypto dot
Speaker 1: com was one of the other big ones, and they
Speaker 1: have their own token called c r oh. And that's
Speaker 1: pretty much Flat hasn't really done much. Um ethereums up
Speaker 1: um a little bit. I think at the time of
Speaker 1: the airing it was about today it's about thirty one five.
Speaker 1: So you know, got a little bit of a bump, um,
Speaker 1: you know, not as much as maybe people would have thought.
Speaker 1: But back to like I said, um, in the year
Speaker 1: two thousand, it was the dot Com super Bowl. And
Speaker 1: what's interesting is at the time it was also the
Speaker 1: same It was St. Louis Rams that were in the
Speaker 1: Super Bowl versus the Tennessee Titans. So we still had
Speaker 1: the Rams in the Super Bowl, but back in Los
Speaker 1: Angeles this time, and at the time there was fourteen
Speaker 1: ads in the Super Bowl for dot com companies. They
Speaker 1: bought up of the ads UM for that spot. But
Speaker 1: the thing is is that after the two thousand game,
Speaker 1: after the two thousand Super Bowl ended, all the publicly
Speaker 1: held companies who advertised saw their stocks start to fall
Speaker 1: as the dot com bubble began to basically burst UM.
Speaker 1: And today here we are, twenty two years later, only
Speaker 1: four of the fourteen companies that advertised are still operating.
Speaker 1: Five other companies were bought out, and the rest, I mean,
Speaker 1: they're just gone, like pets dot com, right, they they're
Speaker 1: the they're the stereotypical dot com bust company UM, And
Speaker 1: so you know, it's interesting to look at UH, they're
Speaker 1: pretty much all gone. As I said, four of the
Speaker 1: fourteen companies are still around UM. And with that in mind,
Speaker 1: we can kind of look at the Crypto Bowl, which
Speaker 1: this one is kind of dubbed the Crypto Bowl because
Speaker 1: it was dominated by crypto advertisers. A matter of fact,
Speaker 1: fort of this year's advertisers were new companies, UM, you know,
Speaker 1: crypto companies, and most of these year's crypto ads revolves
Speaker 1: around the idea of don't miss out. So they're really
Speaker 1: trying to hit people with this fomo fear of missing out,
Speaker 1: which I don't like. UM. I don't think that anybody
Speaker 1: should ever buy an asset based off of that. Don't
Speaker 1: ever buy anything based off of fear. UM. Think about
Speaker 1: it from a sound rational mind, make your plan and
Speaker 1: move from there. But they really were trying to get
Speaker 1: people on that this don't missing out um campaign. There
Speaker 1: was a couple of good ones in there, UM, but
Speaker 1: unfortunately it's not a super good history of that UM
Speaker 1: in L A h. And also we saw crypto dot
Speaker 1: com and I think Crypto dot com took over the
Speaker 1: Staples Center in Los Angeles, and I think FTX took
Speaker 1: over the one in Miami, and that's not even that's
Speaker 1: not a super good sign either. So the crypto dot
Speaker 1: com is taking over the Staples Center, which, of course
Speaker 1: what happened to Staples didn't work out too well for
Speaker 1: that UM. So you know, naming um stadiums isn't the
Speaker 1: best sign either. Coin Base was the one that maybe
Speaker 1: it was the most talked about, and they basically just
Speaker 1: put this little QR code on the screen. It was
Speaker 1: just bouncing around and it was like, hey, everyone, you know,
Speaker 1: grab your phone and scan this QR code, which they
Speaker 1: don't take you to the coin based website. Now, it
Speaker 1: worked really really good maybe or it worked really really bad. Um.
Speaker 1: And what do I mean by that, Well, it worked
Speaker 1: maybe so good that it crashed the website and coin
Speaker 1: bases website went down. You would think that they would
Speaker 1: have planned it. They're gonna spend all that money on
Speaker 1: the ad. You would think they would have prepared their
Speaker 1: website to handle that traffic. UM. And it's also a reminder.
Speaker 1: It's a reminder because, as I've said many times, one
Speaker 1: of the key attributes of bitcoin and cryptocurrencies is that
Speaker 1: I can custody it myself. I can hold my own coins.
Speaker 1: The oldest problem that mankind has had is how do
Speaker 1: I secure my wealth in a way it doesn't get stolen.
Speaker 1: And if you leave your money in the bank, the
Speaker 1: bank and sees it like Justin Judeau order the banks
Speaker 1: to seize all the trucker's protesters money. Um. And if
Speaker 1: I leave my crypto on an exchange like coin base,
Speaker 1: they could also freeze my account or sees my account.
Speaker 1: And so um, the coin based exchange crashed and if
Speaker 1: you had money on there and you wanted to get
Speaker 1: it off, you couldn't. And so let that be a
Speaker 1: reminder that you are using your hoping you're trusting somebody
Speaker 1: like coin based to protect your cryptocurrency and hopefully you'll
Speaker 1: be able to get that cryptocurrency off when you want it.
Speaker 1: You would think that when they spent all that money,
Speaker 1: they would have made sure their website didn't crash, but
Speaker 1: it did. And so then I would just ask you,
Speaker 1: and you should ask yourself, do you really want to
Speaker 1: trust anybody, even coin Base, withholding your currency cryptocurrency? They
Speaker 1: couldn't even keep their website up when they knew they
Speaker 1: were going to get that business. And do you really
Speaker 1: want to trust them to get your money off when
Speaker 1: you need it? Um? I don't. I wouldn't. UM, I
Speaker 1: wouldn't recommend that. I would recommend to get that off now. Um.
Speaker 1: And like I said, it's maybe not a good sign
Speaker 1: of what is going on. Some other things that I
Speaker 1: see going on is that, you know, a lot of
Speaker 1: there's a there's a lot of talking heads coming out
Speaker 1: and talking about cryptocurrency, some good, some bad. Um. Some
Speaker 1: people are excited about it, and some people sound like
Speaker 1: boomers that just don't understand what's going on, including maybe
Speaker 1: one of the biggest and most famous investors in the world.
Speaker 1: I'm gonna come back. I want to talk about that
Speaker 1: and uh more. You listen to the Mark Moa show
Speaker 1: talking about the decentralized revolution, talking about bitcoin and cryptocurrency,
Speaker 1: the intersection of politics, finance and technology that is changing
Speaker 1: the world as we speak. I got a lot more
Speaker 1: in just a second when I come back. So don't
Speaker 1: go away, everyone, Welcome back. You were listening to the
Speaker 1: markmas Show. We're talking about bitcoin, We're talking about cryptocurrencies,
Speaker 1: We're talking about the decentralized revolution that is happening right now.
Speaker 1: And before the break, we were talking about the Super Bowl.
Speaker 1: We're talking about the Crypto Bowl, and we're calling with
Speaker 1: the Crypto Bowl because it was dominated by cryptocurrency advertising
Speaker 1: um and I was comparing it to in two thousand,
Speaker 1: which also saw the rams not the Los Angeles Rams.
Speaker 1: It was the St. Louis Rams were also in the
Speaker 1: Super Bowl. But back in two thousand was dominated by
Speaker 1: dot com companies. Now, UM, the fate the future of
Speaker 1: those dot com companies wasn't too good. As a matter
Speaker 1: of fact, they're mostly all out of business right now
Speaker 1: and time will tell where UM we end up with
Speaker 1: these crypto companies. Now, most of them were from exchanges.
Speaker 1: So we saw a coin base, we saw ft X,
Speaker 1: we saw crypto, dot com, we saw e Toro, and
Speaker 1: they're all out there. I saw I saw a news headline.
Speaker 1: I don't have it pulled up, UM, but it was
Speaker 1: I don't know. Some regulators of the United States were
Speaker 1: saying that they thought it was bad and that they
Speaker 1: shouldn't be advertising. And if it's cryptocurrency, if it's going
Speaker 1: to be currency, then no one should be advertising currency.
Speaker 1: The dollar doesn't need advertising to be used, etcetera. It's
Speaker 1: pretty ridiculous. Bitcoin there was no There was no ad
Speaker 1: for bitcoin. It was an exchange, coin based FTX, crypt
Speaker 1: dot com, eToro, UM. And you have seen plenty of
Speaker 1: stock brokerage accounts being advertised, right, You've seen I'm sure
Speaker 1: E trade or UM you know, Charles Schwab or whatever,
Speaker 1: Robin Hood. I don't know which one is advertised, but
Speaker 1: I know for sure you've seen those over the years. UM.
Speaker 1: And so for for for that, for that US regulator
Speaker 1: to even say that, UM one, it's completely outrageous and ridiculous.
Speaker 1: But but more importantly, it shows just how out of
Speaker 1: touch they are, how little they know, or how much
Speaker 1: they're just trying to gaslight you. Gaslights you being basically
Speaker 1: trying to lie directly to your face. UM. I would
Speaker 1: I typically lean more to the side of ignorance than
Speaker 1: U evil. UM. And so my guess is that they're
Speaker 1: that's just how ignorant they are. I mean, if you
Speaker 1: think about it, cryptocurrencies is the brand new technology. I've
Speaker 1: been studying for seven years. I'm still trying to figure
Speaker 1: it out. You're tuning in with me every week so
Speaker 1: I can help explain it to you, and uh, it's
Speaker 1: that new. And of course any new technology, the older
Speaker 1: generation has a harder time grasping it, UM. Not because
Speaker 1: they can't learn a lot of times, typically because they're
Speaker 1: not not interested. UM. And of course younger generations pick
Speaker 1: it up much quicker. And so you know, when you
Speaker 1: think about it in those terms. It's kind of scary
Speaker 1: to think what the age of our politicians are in
Speaker 1: the in the Democratic Party. I think it's like an
Speaker 1: average age of like, don't quote me, I don't have
Speaker 1: it looked up. It's like seventy seven years old or
Speaker 1: something like that. I mean, you got Pelosi, you got Biden.
Speaker 1: I mean they're almost eighty years old, or Pelosi's I
Speaker 1: believe over eighty years old. And these are the ones
Speaker 1: that are making laws and regulations on brand new kodonage
Speaker 1: technology that has the potential to change the world, and
Speaker 1: they don't even get it and they're making laws against it.
Speaker 1: That's a problem. It's a big problem in my opinion.
Speaker 1: And so to see a regulator to come out and
Speaker 1: say that about cryptocurrency and say, oh, it's supposed to
Speaker 1: be a currency, the shouldnt even be advertising it, but like, no,
Speaker 1: these were exchanges, and we typically have broker just advertised.
Speaker 1: So I thought that was pretty interesting. I saw someone
Speaker 1: else come out and said, um, in some the financial
Speaker 1: newsletter that I was reading a publication and they said, um,
Speaker 1: if you know, don't rush out and by cryptocurrency if
Speaker 1: you don't understand it, And he said, if I can't
Speaker 1: understand an asset, I can't value it. If I can't
Speaker 1: value it, I have no business investing in it. And
Speaker 1: that's kind of true, he said. I I hold on
Speaker 1: to my money and only invest in things I understand.
Speaker 1: And that's a great point. But let me let me
Speaker 1: kind of unpack that a little bit. So first off, UM, yes,
Speaker 1: you should only invest into things that you understand a
Speaker 1: h percent. UM. I hate to break it to you,
Speaker 1: but the reality is is that investing is actually supposed
Speaker 1: to be boring. It's supposed to be boring. I know
Speaker 1: today everybody wants to gamble, they want to get their
Speaker 1: robin Hood account, they want to quit their job and
Speaker 1: trade cryptocurrencies. But investing should be boring. You should be
Speaker 1: making a couple moves and waiting a long time. Um.
Speaker 1: The other thing is that we all need to have
Speaker 1: an edge. What does that mean an edge? Well, for me,
Speaker 1: I've been doing real estate investing for almost thirty years. UM,
Speaker 1: I know a lot about real estate investing because I've
Speaker 1: done it a lot, and I have an edge there
Speaker 1: over most people. UM. I've been studying and teaching on
Speaker 1: bitcoin and cryptocurrencies for over seven years. I've personally researched
Speaker 1: and published over one thousand pages of research on cryptocurrency projects.
Speaker 1: I've spoken around the country with the highest level people,
Speaker 1: So I have an edge there. I know a lot
Speaker 1: about that. UM, if you're asking yourself while you're listening
Speaker 1: to this, what your edge is, then you don't have one.
Speaker 1: I hate to tell you like that, but if you
Speaker 1: don't know what your edge is, then you don't have one.
Speaker 1: And so we all need to find an edge. If
Speaker 1: you think you're going to trade stocks and compete against
Speaker 1: the hedge funds and the high frequency traders without an edge,
Speaker 1: it's not gonna work. And so to to this this
Speaker 1: financial point, I hold on my money and I only
Speaker 1: invest in things I understand. Yeah, you should. You should
Speaker 1: only invest in things that you understand. So you don't
Speaker 1: see me trying to trade UM stocks, trying to compete
Speaker 1: against these high frequency traders. So you should try to
Speaker 1: understand it. But what he says is that if I
Speaker 1: if I can't understand an asset, I can't value it.
Speaker 1: If I can't value it, I have no business invested
Speaker 1: in it. And and that's also true. UM. The one
Speaker 1: thing that I just want to break out is that
Speaker 1: is the valuation of it, and so UM typically I
Speaker 1: think I think where these traditional legacy financial analysts get
Speaker 1: it wrong is that they say, well, a typical company,
Speaker 1: you know, like a warm Buffett might say, UM has
Speaker 1: cash flows. And what I do is I take the
Speaker 1: cash flow and then I get a price to earnings ratio.
Speaker 1: So I look at like what their profitability is UM,
Speaker 1: and then I divide it by the amount of stock
Speaker 1: they have, and I get this ratio, and I'm I'm
Speaker 1: basically buying cash flow. So this company, you know, UM,
Speaker 1: there a chocolate company, or let's say Coca Cola. They
Speaker 1: make they make soda, and they make this much cash flow,
Speaker 1: and I can value the company because I can see
Speaker 1: how much profit they have. But cryptocurrencies don't have any
Speaker 1: revenues or any profit. How can I value a company
Speaker 1: with no revenue or profit. Well, the one thing that
Speaker 1: so so it is it is specultive. But the thing
Speaker 1: I'd say about that is that even using traditional metrics
Speaker 1: is specultive as well. Because let's say that I have
Speaker 1: Coca Cola and it's it's making these profits, uh, and
Speaker 1: then I give it a multiple. Is it six times profits?
Speaker 1: Is it twenty times profits, is it fifty times profits?
Speaker 1: Where does that multiple come from? Oh, that's right speculative,
Speaker 1: So it's still specultive either way. But to to this point, UM,
Speaker 1: I do want to just kind of help you out
Speaker 1: a little bit. When you're looking at UM new cryptocurrency assets,
Speaker 1: something like bitcoin um there is no product, there is
Speaker 1: no sales, there's no revenue, there is no um profits obviously,
Speaker 1: and so the way that I look at it is
Speaker 1: more the way i'd look at like a venture investment.
Speaker 1: So if I was going to invest into Uber in
Speaker 1: the early days before they were company, how would I
Speaker 1: know how much it would be worth? While they're gonna
Speaker 1: take on the tax industry, the limo industry, the van
Speaker 1: share right industry. Each of those industries it's a hundred
Speaker 1: million dollar industry, is a billion dollar industry, etcetera. You
Speaker 1: add them up, and if I could get five percent
Speaker 1: of those industries, I would be worth X. And so
Speaker 1: I would also look at the same with bitcoin. So
Speaker 1: um JP Morgan City Banks that is going to overtake
Speaker 1: gold with that's thirteen trillion, Okay, So it's the thirteen
Speaker 1: x UM. There's thirty to forty trillions in an offshore
Speaker 1: bank accounts. So there's another you know, Um, let's say
Speaker 1: we got ten percent of that, that's three or four
Speaker 1: trillion that we can add in. Um, there's a half
Speaker 1: of all the bonds. Sovereign bonds in the world are
Speaker 1: negative yielding. That means they're losing money. There's another you know,
Speaker 1: almost twenty trillion that can come in right there. Um.
Speaker 1: And so all of a sudden you go, well, if
Speaker 1: I take five or ten percent from that five five
Speaker 1: or timbercent that bitcoin could you're worth two hundred trillion.
Speaker 1: That's upside And so you would you would approach it
Speaker 1: like that. And so to his point, Um, if you can't,
Speaker 1: if you can't understand it, you can't value it. And
Speaker 1: hopefully I'm here to help you understand it each and
Speaker 1: every week so you can start to value it. There's
Speaker 1: a lot of money that's in the stock market, a
Speaker 1: lot of money that's in the real estate market, uh,
Speaker 1: in the bond market because you don't know where else
Speaker 1: to put that money. But as more and more people
Speaker 1: wake up and say, actually, bitcoin is a better place
Speaker 1: than to be in the bond market that's losing money,
Speaker 1: or in the stock market that's that's vaultile, etcetera. We'll
Speaker 1: see more and more of that money coming in and
Speaker 1: that's how um I think. I think that's how you value,
Speaker 1: that's how that's how I look at it. Anyway, you're
Speaker 1: listening to the markma Show talking about the intersection of politics, finance,
Speaker 1: and technology. We're talking about Bickoen, We're talking about the
Speaker 1: decentralized revolution, bringing you the latest breaking news each and
Speaker 1: every week to keep you up to date. That's it.
Speaker 1: Thanks for listening.