1 00:00:00,040 --> 00:00:02,440 Speaker 1: All right, welcome back. You are listening to another episode 2 00:00:02,440 --> 00:00:04,720 Speaker 1: of the Mark mass Show, where we talk about the 3 00:00:04,800 --> 00:00:07,720 Speaker 1: decentralized revolution that is taking place in the world. We're 4 00:00:07,720 --> 00:00:11,480 Speaker 1: talking about bitcoin. We're talking about the intersection of politics, finance, 5 00:00:11,520 --> 00:00:14,720 Speaker 1: and technology and how things are changing right before our 6 00:00:14,800 --> 00:00:17,400 Speaker 1: very eyes, and of course how to navigate them. I'm 7 00:00:17,760 --> 00:00:20,880 Speaker 1: happy to be joined in the studio today with a 8 00:00:20,920 --> 00:00:25,520 Speaker 1: good friend, Corey Clipston. He is the CEO of Swan Bitcoin, 9 00:00:25,680 --> 00:00:28,320 Speaker 1: a place that I like to use, uh, Swan Bitcoin. 10 00:00:28,440 --> 00:00:31,640 Speaker 1: You can find him on Twitter at Corey Clipston. Corey, 11 00:00:31,640 --> 00:00:33,919 Speaker 1: thanks for joining me today. It's great to be here. Mark, 12 00:00:33,960 --> 00:00:36,720 Speaker 1: thanks for having me on again. Yeah. Man, always fun 13 00:00:36,760 --> 00:00:39,080 Speaker 1: to sit down and talk with you. You haven't been 14 00:00:39,360 --> 00:00:41,440 Speaker 1: traveling much in the last year, so I haven't really 15 00:00:41,479 --> 00:00:45,080 Speaker 1: seen you but in person. Yeah, that's been going on 16 00:00:45,240 --> 00:00:47,840 Speaker 1: unfortunately for a little over a year and a half. 17 00:00:48,080 --> 00:00:51,440 Speaker 1: And it's uh, it's not COVID related in in my case, 18 00:00:51,479 --> 00:00:53,519 Speaker 1: it's some family health stuff on the West Coast that 19 00:00:53,600 --> 00:00:57,440 Speaker 1: keeps me keeps me out here. But hopefully I'll get 20 00:00:57,440 --> 00:00:59,040 Speaker 1: back out on the road a bit second half of 21 00:00:59,080 --> 00:01:02,240 Speaker 1: the year. Nice, So I hope, I hope. So, but 22 00:01:02,640 --> 00:01:04,880 Speaker 1: you know, Corey. I love what I love what you've 23 00:01:04,920 --> 00:01:08,120 Speaker 1: done with Swan Bitcoin. Um. One of the things that 24 00:01:08,160 --> 00:01:10,479 Speaker 1: I liked the best. I just I love what you've 25 00:01:10,480 --> 00:01:12,160 Speaker 1: done is like really turned it into kind of like 26 00:01:12,200 --> 00:01:17,000 Speaker 1: this media kind of education company first, um, which is 27 00:01:17,040 --> 00:01:18,880 Speaker 1: such an amazing way, such a great way to bring 28 00:01:18,920 --> 00:01:23,520 Speaker 1: people in, but it's also just this public good as well. Um. 29 00:01:23,760 --> 00:01:25,399 Speaker 1: Was that was that done intentionally or was that just 30 00:01:25,440 --> 00:01:28,720 Speaker 1: kind of like organically? Uh No, it was very intentional. 31 00:01:28,920 --> 00:01:30,880 Speaker 1: That's kind of you know, you got to play to 32 00:01:30,920 --> 00:01:32,920 Speaker 1: your strengths. And that's something that I actually know how 33 00:01:32,959 --> 00:01:37,880 Speaker 1: to do. I don't code, but I do media. Yeah. 34 00:01:38,120 --> 00:01:40,880 Speaker 1: Uh yeah, building building media businesses. And you know, I 35 00:01:40,920 --> 00:01:44,000 Speaker 1: was a broadcast journalist over twenty years ago. When I 36 00:01:44,120 --> 00:01:46,400 Speaker 1: started my career, I was a local NBC TV reporter. 37 00:01:46,560 --> 00:01:50,200 Speaker 1: So yeah, so long before I got into you know, 38 00:01:50,280 --> 00:01:53,360 Speaker 1: B school and then Silicon Valley and Bitcoin. Uh that 39 00:01:53,520 --> 00:01:57,120 Speaker 1: was the beginning. So it's been very natural. Uh. And 40 00:01:57,480 --> 00:02:01,880 Speaker 1: I love brands that put out of content, and I 41 00:02:01,960 --> 00:02:05,640 Speaker 1: love brands that think of themselves as media companies. Um. 42 00:02:05,680 --> 00:02:07,760 Speaker 1: There's a little bit more to it, because I think 43 00:02:07,800 --> 00:02:10,160 Speaker 1: the media is just like one of the products we do. 44 00:02:10,200 --> 00:02:12,480 Speaker 1: We kind of have a um a philosophy of product 45 00:02:12,520 --> 00:02:16,560 Speaker 1: lead acquisition. So customer acquisition for Swan is by building 46 00:02:16,600 --> 00:02:18,960 Speaker 1: products that people use, and some of those people end 47 00:02:19,040 --> 00:02:22,680 Speaker 1: up using Swan and buying bitcoin from us. So bitcoin 48 00:02:22,760 --> 00:02:25,680 Speaker 1: or Jobs is a great example of that too, right, Like, 49 00:02:25,760 --> 00:02:28,200 Speaker 1: that's a site that I built that we ended up 50 00:02:28,280 --> 00:02:32,280 Speaker 1: rolling into Swan and we have you know, a hundred 51 00:02:32,960 --> 00:02:36,360 Speaker 1: bitcoin companies around the world that lists jobs there. But 52 00:02:36,520 --> 00:02:38,600 Speaker 1: each one of those is now a connection. They can 53 00:02:38,720 --> 00:02:40,720 Speaker 1: be part of, you know, the Bitcoin Benefit Plan and 54 00:02:40,760 --> 00:02:43,600 Speaker 1: pay their employees and bitcoin through us. They can be 55 00:02:43,720 --> 00:02:45,919 Speaker 1: integration partners and we can turn it on and light 56 00:02:45,960 --> 00:02:48,399 Speaker 1: it up so that there there people can buy bitcoin 57 00:02:48,919 --> 00:02:52,080 Speaker 1: through their app or through their site using Swan. So 58 00:02:52,120 --> 00:02:54,840 Speaker 1: it's just kind of kind of being being everywhere, always 59 00:02:54,880 --> 00:02:57,040 Speaker 1: throwing the party. That's kind of the vibe and media 60 00:02:57,040 --> 00:03:01,480 Speaker 1: as they gotta throw the party. Mark I like that. 61 00:03:01,720 --> 00:03:03,360 Speaker 1: Um let's talk about that for a second. So the 62 00:03:03,360 --> 00:03:05,600 Speaker 1: bitcoin er jobs, so that's like a big job board. 63 00:03:05,600 --> 00:03:08,320 Speaker 1: You said a hundred and forty five companies are listing 64 00:03:08,400 --> 00:03:13,000 Speaker 1: jobs on there. Yeah, that's amazing. Yeah is that? And 65 00:03:13,000 --> 00:03:15,760 Speaker 1: and and nash app just joined uh this week. So 66 00:03:15,840 --> 00:03:19,920 Speaker 1: cash app is listening their jobs on Bitcoiner jobs as well. Wow, 67 00:03:20,120 --> 00:03:22,920 Speaker 1: And and is that like only for like couders and programmers. 68 00:03:23,000 --> 00:03:24,640 Speaker 1: Is that for like anybody who wants to work just 69 00:03:24,680 --> 00:03:26,680 Speaker 1: in the bitcoin space at all. Yeah, it's it's for 70 00:03:26,720 --> 00:03:28,639 Speaker 1: anybody who wants to work in bitcoin. And you can 71 00:03:28,680 --> 00:03:32,800 Speaker 1: also post profile on bitcoiner jobs and let people browse it. 72 00:03:32,840 --> 00:03:36,040 Speaker 1: So there's over a thousand candidate profiles on there as well, 73 00:03:36,160 --> 00:03:38,400 Speaker 1: and you can post an anonymized profile. So if you 74 00:03:38,440 --> 00:03:40,960 Speaker 1: have a job and you're at like Goldman Sacks or 75 00:03:41,000 --> 00:03:42,520 Speaker 1: something and you don't want to tip your hand that 76 00:03:42,560 --> 00:03:44,880 Speaker 1: you're looking to leave, you can post an anonymized profile 77 00:03:44,880 --> 00:03:48,400 Speaker 1: and let the bitcoiners check you out. So, um, if 78 00:03:48,440 --> 00:03:51,120 Speaker 1: I was an accountant or a graphic designer, but I 79 00:03:51,160 --> 00:03:53,160 Speaker 1: would just like to be in the bitcoin space, I mean, 80 00:03:53,200 --> 00:03:56,120 Speaker 1: there's potentially jobs in there for me in there. Yeah, 81 00:03:56,200 --> 00:03:59,800 Speaker 1: So this is a full time jobs marketplace essentially, where 82 00:03:59,840 --> 00:04:02,880 Speaker 1: also going to be launching a services marketplace for people 83 00:04:02,920 --> 00:04:04,920 Speaker 1: that want to, you know, essentially be an accountant or 84 00:04:04,920 --> 00:04:08,520 Speaker 1: a personal trainer or you know, whatever it is, financial advisor, 85 00:04:08,560 --> 00:04:11,480 Speaker 1: and you'll be able to post your services. So essentially, 86 00:04:12,360 --> 00:04:14,000 Speaker 1: you know, whatever whatever it is. But I might I 87 00:04:14,080 --> 00:04:16,000 Speaker 1: might want to be a full time accountant though, right 88 00:04:16,040 --> 00:04:18,760 Speaker 1: for exactly for sure, so that those jobs are up 89 00:04:18,800 --> 00:04:20,719 Speaker 1: all the time. We just hired we just hired a 90 00:04:20,720 --> 00:04:25,240 Speaker 1: senior accountant to the site. Uh last week actually, okay, yeah, 91 00:04:25,240 --> 00:04:27,480 Speaker 1: I just trying to clarify that for people that are listening. 92 00:04:27,680 --> 00:04:29,360 Speaker 1: I think, um, one thing that I've learned it was, 93 00:04:29,400 --> 00:04:32,400 Speaker 1: actually it's probably about a decade ago. I had this 94 00:04:32,440 --> 00:04:34,560 Speaker 1: a Fortune one consultant that I had hired to help 95 00:04:34,600 --> 00:04:36,480 Speaker 1: me scale this business. And we're scaling it pretty fast, 96 00:04:36,800 --> 00:04:38,880 Speaker 1: and I turned it turned into a nightmare. I hated 97 00:04:38,880 --> 00:04:41,160 Speaker 1: the business. And uh. He sat me down with a 98 00:04:41,160 --> 00:04:44,279 Speaker 1: piece of paper and he drew drew circles. He's like, uh, 99 00:04:44,600 --> 00:04:46,960 Speaker 1: here's your customers on a scale one to ten. Hire customers. 100 00:04:47,000 --> 00:04:48,480 Speaker 1: And here's the media on a scale one to ten. 101 00:04:48,560 --> 00:04:50,919 Speaker 1: And here's the regulations and all these things. And it 102 00:04:50,960 --> 00:04:53,000 Speaker 1: was like it was like a one or two or 103 00:04:53,040 --> 00:04:54,960 Speaker 1: three a one. And then he's like put me in 104 00:04:55,000 --> 00:04:57,039 Speaker 1: the middle, like you're in the middle. And he said, 105 00:04:57,040 --> 00:04:59,880 Speaker 1: in order to be great in business, you must be 106 00:05:00,120 --> 00:05:03,640 Speaker 1: first in a great business. And he's like, you're in 107 00:05:03,680 --> 00:05:05,560 Speaker 1: a horrible business. And I was like, shoot, you're right, 108 00:05:05,600 --> 00:05:08,280 Speaker 1: and I had I left that business. But um, the 109 00:05:08,680 --> 00:05:13,159 Speaker 1: bitcoin industry is an area that's growing rapidly. And um, 110 00:05:13,200 --> 00:05:15,440 Speaker 1: I mean if somebody's looking for something exciting to do, 111 00:05:15,640 --> 00:05:18,240 Speaker 1: some long term job security, uh, it seems like a 112 00:05:18,240 --> 00:05:19,800 Speaker 1: pretty good place to be. So it's nice to know 113 00:05:19,880 --> 00:05:23,080 Speaker 1: that whether you're in accounting or graphic design or a coder, 114 00:05:23,160 --> 00:05:25,560 Speaker 1: maybe that's a good place to go. Yeah, I think 115 00:05:25,600 --> 00:05:27,160 Speaker 1: that's right. And I think you just got to look 116 00:05:27,200 --> 00:05:29,560 Speaker 1: at the number of people that we expect to be 117 00:05:29,680 --> 00:05:32,680 Speaker 1: in the bitcoin over time, right, and if you could 118 00:05:32,720 --> 00:05:35,080 Speaker 1: get in early on something and spot a trend and 119 00:05:35,120 --> 00:05:37,760 Speaker 1: be one of those first people. You know, I think 120 00:05:37,760 --> 00:05:39,680 Speaker 1: of people that got into health food in the eighties 121 00:05:39,760 --> 00:05:42,760 Speaker 1: or nineties, like they're all doing well. You know, if 122 00:05:42,800 --> 00:05:46,320 Speaker 1: you got into like Paleo, cross fit, quantified self stuff, 123 00:05:46,360 --> 00:05:49,400 Speaker 1: you know, twelve fifteen years ago. Everyone who got into 124 00:05:49,440 --> 00:05:52,440 Speaker 1: that back then and just made the network connections early 125 00:05:52,520 --> 00:05:55,360 Speaker 1: and started adding value and figuring out you know, they 126 00:05:55,400 --> 00:05:57,520 Speaker 1: just ended up with equity stakes and different things, or 127 00:05:57,560 --> 00:05:59,720 Speaker 1: they took three swings and their third one took off, 128 00:05:59,760 --> 00:06:02,720 Speaker 1: and you know, your third try was in fourteen, So 129 00:06:02,760 --> 00:06:04,640 Speaker 1: now you're eight years into the one that's working and 130 00:06:04,680 --> 00:06:07,440 Speaker 1: you're doing fine, right, So bitcoin is like that, it's 131 00:06:07,480 --> 00:06:10,600 Speaker 1: just this massive tidal wave of adoption that's happening. It's 132 00:06:10,640 --> 00:06:13,479 Speaker 1: still super early, and you have a better chance of 133 00:06:13,480 --> 00:06:17,000 Speaker 1: succeeding at that than you would going into some totally 134 00:06:17,040 --> 00:06:21,880 Speaker 1: saturated market. What about um? What about what about like coding, 135 00:06:21,960 --> 00:06:25,040 Speaker 1: like people that can actually write UM code for bitcoin 136 00:06:25,120 --> 00:06:28,400 Speaker 1: or design applications that can work on bitcoin because bitcoin 137 00:06:28,520 --> 00:06:30,840 Speaker 1: is open source, so anybody could technically go kind of 138 00:06:30,880 --> 00:06:33,440 Speaker 1: start building on top of it or with lightning? Do 139 00:06:33,480 --> 00:06:36,520 Speaker 1: you think, um, do you think that that's something that 140 00:06:36,640 --> 00:06:39,760 Speaker 1: maybe the market is maybe sleeping on a little bit 141 00:06:39,800 --> 00:06:43,160 Speaker 1: and that maybe very quickly the industry might find themselves 142 00:06:43,200 --> 00:06:46,400 Speaker 1: short on actual people that can build on that. Yeah, 143 00:06:46,440 --> 00:06:50,119 Speaker 1: that's reasonable to assume that, uh, there are not enough 144 00:06:50,360 --> 00:06:53,880 Speaker 1: lightning developers today that more people should be fascile with 145 00:06:53,920 --> 00:06:57,919 Speaker 1: that technology. And you know, you can use I mean, gosh, 146 00:06:57,920 --> 00:07:01,400 Speaker 1: we probably use twelve different languages at SWAN for different 147 00:07:01,760 --> 00:07:04,800 Speaker 1: aspects of the business in the system, right, so you know, 148 00:07:04,839 --> 00:07:07,039 Speaker 1: whatever you know is going to be useful, and good 149 00:07:07,080 --> 00:07:09,359 Speaker 1: engineers can always pick up a new language anyway in 150 00:07:09,360 --> 00:07:11,680 Speaker 1: a week or two. So, UM, I don't know if 151 00:07:11,680 --> 00:07:14,720 Speaker 1: it's necessarily like deep experience with one kind of language. 152 00:07:14,720 --> 00:07:17,040 Speaker 1: It's more just like an engineering mindset and and some 153 00:07:17,120 --> 00:07:21,440 Speaker 1: real experience with with building products. That's good to know. Yeah, 154 00:07:21,480 --> 00:07:23,920 Speaker 1: I mean, just it's just curious just to add you know, 155 00:07:24,000 --> 00:07:26,000 Speaker 1: you you're obviously in that, and so you kind of 156 00:07:26,040 --> 00:07:27,920 Speaker 1: have some insights and I know, you know something I'm 157 00:07:27,920 --> 00:07:30,520 Speaker 1: talking about with this decentralized revolution. I mean, the world's 158 00:07:30,600 --> 00:07:34,800 Speaker 1: changing really fast. Um, we know that, you know. Unfortunately, 159 00:07:34,840 --> 00:07:37,400 Speaker 1: it looks like gas prices and food prices are are 160 00:07:37,480 --> 00:07:39,800 Speaker 1: going up and not coming back down, and people need 161 00:07:39,840 --> 00:07:41,280 Speaker 1: to be prepared for that, and so you want to 162 00:07:41,400 --> 00:07:43,760 Speaker 1: you know, certain jobs will be phased out and and 163 00:07:43,800 --> 00:07:46,120 Speaker 1: some others will grow. So anyway, for those people that 164 00:07:46,160 --> 00:07:48,360 Speaker 1: are listening, I think, uh, you need to take those 165 00:07:48,400 --> 00:07:50,680 Speaker 1: things into consideration prepare for that. And one of those 166 00:07:50,760 --> 00:07:53,160 Speaker 1: might be developing some skills or getting a job in 167 00:07:53,200 --> 00:07:55,240 Speaker 1: an area or an industry that you think would continue 168 00:07:55,240 --> 00:07:56,960 Speaker 1: to grow. And so as I was just kind of 169 00:07:56,960 --> 00:08:00,080 Speaker 1: getting near insights into that. Yeah, absolutely, And I'm and 170 00:08:00,160 --> 00:08:06,240 Speaker 1: I think um reading Mastering Bitcoin, uh dated book now 171 00:08:06,360 --> 00:08:08,320 Speaker 1: six seven years old, but the code base is basically 172 00:08:08,360 --> 00:08:10,320 Speaker 1: the same. But that's by Andreas and Sinopolis. So that's 173 00:08:10,360 --> 00:08:13,000 Speaker 1: a good place to start. And then um, maybe check 174 00:08:13,000 --> 00:08:16,680 Speaker 1: out resources around Jimmie Song's work programming blockchain, which is 175 00:08:16,720 --> 00:08:19,080 Speaker 1: all about the bitcoin blockchain. But I think those are 176 00:08:19,080 --> 00:08:21,880 Speaker 1: good good places to get rolling if you're interested in 177 00:08:21,920 --> 00:08:24,840 Speaker 1: the space as a coder, yeah, or just if you 178 00:08:24,880 --> 00:08:27,520 Speaker 1: want to be even an accountant or a personal trainer 179 00:08:27,840 --> 00:08:29,800 Speaker 1: or something like that in the space, just because you 180 00:08:29,800 --> 00:08:32,079 Speaker 1: want to position yourself in a good business and you 181 00:08:32,120 --> 00:08:35,200 Speaker 1: want to position yourself into an industry that's growing and 182 00:08:35,240 --> 00:08:38,760 Speaker 1: so um, even if it's not coded and related, you know, 183 00:08:38,800 --> 00:08:41,880 Speaker 1: at least you'll still be in the industry. Um U, 184 00:08:42,080 --> 00:08:44,199 Speaker 1: that's that's growing anyway. So I think that I think 185 00:08:44,240 --> 00:08:45,920 Speaker 1: that sounds good. I want to get into a lot 186 00:08:45,920 --> 00:08:47,320 Speaker 1: more stuff with you. There was a tweet that you 187 00:08:47,360 --> 00:08:51,280 Speaker 1: recently put up about E S G and energy. Um. 188 00:08:51,440 --> 00:08:53,839 Speaker 1: I also want to talk about investing the bitcoin. Also 189 00:08:53,880 --> 00:08:57,000 Speaker 1: know that you run an investment fund as well. UM, 190 00:08:57,120 --> 00:08:58,600 Speaker 1: So there's a there's a there's a lot that I 191 00:08:58,600 --> 00:09:00,960 Speaker 1: want to dig into with you. When we come back 192 00:09:01,320 --> 00:09:03,320 Speaker 1: and you're listening to the Mark Mo Show, we're talking 193 00:09:03,360 --> 00:09:06,280 Speaker 1: about bitcoin. We're talking about the decentralized Revolution, we're talking 194 00:09:06,280 --> 00:09:09,840 Speaker 1: about the intersection of politics, finance, and technology. I'm in 195 00:09:09,840 --> 00:09:13,559 Speaker 1: the studio with Corey Clipston. He's the CEO of Swan Bitcoin. 196 00:09:14,000 --> 00:09:16,280 Speaker 1: I want to dig into some energy stuff with him 197 00:09:16,320 --> 00:09:18,840 Speaker 1: and some investing stuff with him. We've got a lot 198 00:09:18,920 --> 00:09:21,520 Speaker 1: to cover, so do not go away. I'll be right back. 199 00:09:22,120 --> 00:09:24,040 Speaker 1: All right, Welcome back. You are listening to the Mark 200 00:09:24,160 --> 00:09:27,400 Speaker 1: Mass Show. We're talking about the decentralized Revolution. We're talking 201 00:09:27,400 --> 00:09:29,599 Speaker 1: about bitcoin, and I am in the studio with a 202 00:09:30,000 --> 00:09:33,319 Speaker 1: good friend, Corey Clipston. He's the CEO of Swan Bitcoin, 203 00:09:34,160 --> 00:09:37,400 Speaker 1: and they make it easy to get bitcoin um, especially 204 00:09:37,440 --> 00:09:39,959 Speaker 1: if the dollar cost average into it. Um. Anyway, Corey, 205 00:09:40,160 --> 00:09:42,079 Speaker 1: before the break, we were kind of talking about getting 206 00:09:42,160 --> 00:09:44,320 Speaker 1: jobs in bitcoin. I like that, UM, but I want 207 00:09:44,320 --> 00:09:46,839 Speaker 1: to kind of transition into something else, you would. Uh. 208 00:09:46,920 --> 00:09:48,880 Speaker 1: One thing that I've been talking a lot about lately, 209 00:09:48,920 --> 00:09:50,920 Speaker 1: I think everybody's in paying attention to it is you know, 210 00:09:50,960 --> 00:09:54,640 Speaker 1: oil prices have gone crazy, um, Gas prices have gone crazy. UM. 211 00:09:54,720 --> 00:09:56,880 Speaker 1: We have this whole Russia Ukraine thing that's going on 212 00:09:56,880 --> 00:10:00,839 Speaker 1: that's disrupting all of that. And m it seems like 213 00:10:01,440 --> 00:10:03,520 Speaker 1: I've been having these big epiphanies. I talked about in 214 00:10:03,520 --> 00:10:06,240 Speaker 1: the first hour. But the world's kind of transitioning off 215 00:10:06,280 --> 00:10:08,959 Speaker 1: of this fiat system and kind of been thrust back 216 00:10:08,960 --> 00:10:12,840 Speaker 1: into this commodity based system. And um, we're finding that 217 00:10:13,000 --> 00:10:16,000 Speaker 1: energy it's at the base of you and I aren't 218 00:10:16,000 --> 00:10:17,640 Speaker 1: finding but the world is starting to find that energy 219 00:10:17,720 --> 00:10:20,280 Speaker 1: sits at the base of all that. And it's interesting 220 00:10:20,280 --> 00:10:23,000 Speaker 1: because the United States are really the West United States, 221 00:10:23,000 --> 00:10:25,400 Speaker 1: Canada and Western Europe have been trying to do their 222 00:10:25,400 --> 00:10:28,839 Speaker 1: best to destroy their own energy. And you put out 223 00:10:28,840 --> 00:10:30,720 Speaker 1: a tweet and you said, over the next decade, E 224 00:10:30,880 --> 00:10:33,319 Speaker 1: s G proponents like Larry Fink of Black Rock and 225 00:10:33,360 --> 00:10:35,600 Speaker 1: the World I coming for him, will walk back almost 226 00:10:35,600 --> 00:10:38,840 Speaker 1: everything they've pushed for. They love natural gas because it's 227 00:10:38,920 --> 00:10:42,800 Speaker 1: natural and coal uh and fun studies showing wind solar 228 00:10:42,840 --> 00:10:46,800 Speaker 1: can never be enough. Talk about that tweet that was 229 00:10:47,200 --> 00:10:50,880 Speaker 1: That was February. That's when out it was. It was 230 00:10:51,000 --> 00:10:54,599 Speaker 1: right after the that was the day. That was the 231 00:10:54,679 --> 00:10:57,080 Speaker 1: day I think, yeah, it was it was the day. 232 00:10:57,360 --> 00:10:59,280 Speaker 1: That was the day I talked about that date earlier. 233 00:10:59,320 --> 00:11:03,320 Speaker 1: That's the day at the US basically froze us UM 234 00:11:03,320 --> 00:11:08,120 Speaker 1: sorry Russia's FX reserves. That was March second. That's the 235 00:11:08,240 --> 00:11:11,760 Speaker 1: night that Zoltar sent out his note that was March second. 236 00:11:11,760 --> 00:11:14,080 Speaker 1: But yeah, the week before, I think was when the 237 00:11:14,120 --> 00:11:17,920 Speaker 1: tanks rolled in and it became really obvious, like you know, 238 00:11:17,920 --> 00:11:19,960 Speaker 1: and so the so the follow on. The funny thing is, 239 00:11:20,520 --> 00:11:24,079 Speaker 1: um Fink went on CNBC this morning or I think CNN. 240 00:11:24,120 --> 00:11:27,480 Speaker 1: Actually actually it looks like it was Fox Business, but 241 00:11:27,640 --> 00:11:31,319 Speaker 1: CNN ran the clip and said energy security has joined 242 00:11:31,520 --> 00:11:36,439 Speaker 1: the energy transition, meaning green energy stuff as top global priority. 243 00:11:36,800 --> 00:11:40,080 Speaker 1: And it's like, well, no, it was always energy security 244 00:11:40,080 --> 00:11:43,360 Speaker 1: has always been the top priority. You know. I'm I'm 245 00:11:43,440 --> 00:11:45,960 Speaker 1: on record as saying the only thing that's more important 246 00:11:45,960 --> 00:11:48,000 Speaker 1: than bitcoin and will be more important than bitcoin in 247 00:11:48,000 --> 00:11:51,400 Speaker 1: the future, is energy itself. Right, Bitcoin is like the 248 00:11:51,440 --> 00:11:53,760 Speaker 1: nearest proxy for that. It's it's a sort of energy 249 00:11:53,800 --> 00:11:58,199 Speaker 1: based commodity, um and time based commodity. But um yeah, 250 00:11:58,240 --> 00:12:00,800 Speaker 1: we're all gonna we're all gonna have to get real 251 00:12:01,559 --> 00:12:05,040 Speaker 1: over the next decade or two, and we're gonna understand, uh, 252 00:12:05,800 --> 00:12:09,520 Speaker 1: you know, the Fiat system allowed us to play these 253 00:12:09,559 --> 00:12:12,760 Speaker 1: games that were based on ideology and not reality, and 254 00:12:12,800 --> 00:12:15,320 Speaker 1: now we're getting back to a reality based monetary system. 255 00:12:15,520 --> 00:12:18,520 Speaker 1: Even if Bitcoin wasn't around, it's already moving toward a 256 00:12:18,559 --> 00:12:22,319 Speaker 1: reality based monetary system. It's moving to commodity money or 257 00:12:22,640 --> 00:12:25,440 Speaker 1: outside money, as our friends from Credit Squeeze talks about it, 258 00:12:25,480 --> 00:12:28,839 Speaker 1: inside money versus outside money. That's where we're headed. Yeah, 259 00:12:28,880 --> 00:12:31,680 Speaker 1: I think, Um, you know, I've used an analogy just 260 00:12:31,760 --> 00:12:33,840 Speaker 1: to kind of role play things on videos and stuff before, 261 00:12:33,880 --> 00:12:35,959 Speaker 1: where if I was on a deserted island with a 262 00:12:36,000 --> 00:12:38,040 Speaker 1: billion dollars of cash, a billion dollars of gold, or 263 00:12:38,040 --> 00:12:41,800 Speaker 1: a billion dollars worth of bitcoin, it's all worthless. Bitcoin 264 00:12:41,880 --> 00:12:43,840 Speaker 1: is just as worthless as the gold in cash unless 265 00:12:43,920 --> 00:12:47,960 Speaker 1: I have goods and services to acquire with that. So, bitcoin, golden, 266 00:12:48,120 --> 00:12:50,760 Speaker 1: and cash are all just mediums of exchange, right, and 267 00:12:50,800 --> 00:12:53,520 Speaker 1: so really it's goods and services that are wealth. And 268 00:12:53,600 --> 00:12:57,120 Speaker 1: it starts with energy. So the wealth of a nation 269 00:12:57,200 --> 00:13:01,320 Speaker 1: has always been off of the energy. And so you know, 270 00:13:01,360 --> 00:13:04,480 Speaker 1: the really it was one of the technological revolution, one 271 00:13:04,480 --> 00:13:06,760 Speaker 1: of the five technological revolutions in last two or fifty years, 272 00:13:06,760 --> 00:13:10,280 Speaker 1: which was oil in like eight, which was here in 273 00:13:10,280 --> 00:13:12,880 Speaker 1: the United States. The United States led that Saudi Arabia 274 00:13:12,880 --> 00:13:15,080 Speaker 1: didn't get oil until like the forties and really not 275 00:13:15,120 --> 00:13:18,199 Speaker 1: until like the sixties and seventies. Um, but it's always 276 00:13:18,200 --> 00:13:20,560 Speaker 1: been that oil and back to you know, bitcoin is 277 00:13:20,559 --> 00:13:24,000 Speaker 1: is important, but to your point, it's all about the 278 00:13:24,120 --> 00:13:27,400 Speaker 1: energy and um, you know, it seems like the United 279 00:13:27,440 --> 00:13:30,160 Speaker 1: States is doing their best to get rid of the 280 00:13:30,320 --> 00:13:34,560 Speaker 1: energy through these E s G narratives. Do you think 281 00:13:34,640 --> 00:13:38,000 Speaker 1: that was just um, because they've been living in this 282 00:13:38,080 --> 00:13:40,240 Speaker 1: false sense of reality because of FIAT for so long 283 00:13:40,280 --> 00:13:42,360 Speaker 1: they haven't realized it. Or do you think there's something 284 00:13:42,400 --> 00:13:45,800 Speaker 1: else going on? Um, it's a big part of it. Um. 285 00:13:45,840 --> 00:13:47,400 Speaker 1: But then a lot of it just comes back to 286 00:13:47,440 --> 00:13:51,880 Speaker 1: sort of like the maenthusisan bent that remains in a 287 00:13:51,920 --> 00:13:54,640 Speaker 1: wide swath of the political spectrum in the U. S 288 00:13:54,679 --> 00:13:57,400 Speaker 1: which is just sort of anti progress and sort of 289 00:13:57,600 --> 00:14:01,320 Speaker 1: anti humanist. Really, it's it's just this whole idea of 290 00:14:01,720 --> 00:14:04,480 Speaker 1: you know, nature is pristine and not realizing that humans 291 00:14:04,480 --> 00:14:08,320 Speaker 1: have shaped nature since humans existed, Right, So I think 292 00:14:08,320 --> 00:14:13,720 Speaker 1: it's just it's just wrong headed. Unfortunately, Yeah, yeah, it, 293 00:14:13,920 --> 00:14:16,280 Speaker 1: I mean it is wrong. I guess, uh, it just 294 00:14:17,440 --> 00:14:19,400 Speaker 1: when you look at like what's going on today. So 295 00:14:19,440 --> 00:14:22,680 Speaker 1: now you know, we have they're trying to sanction Russia. 296 00:14:22,840 --> 00:14:25,080 Speaker 1: Russia's supplying you know, a good amount of oil and 297 00:14:25,200 --> 00:14:27,640 Speaker 1: energy for the world, um and then you have you know, 298 00:14:27,720 --> 00:14:30,920 Speaker 1: Biden going on and basically begging you know, other nations 299 00:14:30,960 --> 00:14:33,880 Speaker 1: to get energy from them, like Iran, and like maybe 300 00:14:33,880 --> 00:14:36,960 Speaker 1: in exchange for giving them oil, we have to and 301 00:14:37,000 --> 00:14:38,760 Speaker 1: giving them billions of dollars for their oil. Then we 302 00:14:38,800 --> 00:14:41,160 Speaker 1: have to also let them get their nuclear program back 303 00:14:41,160 --> 00:14:44,120 Speaker 1: on board, when we could just create more jobs in 304 00:14:44,120 --> 00:14:46,080 Speaker 1: the US and just turn it back on here. And 305 00:14:46,120 --> 00:14:49,480 Speaker 1: it's like, why would they do that? Yeah, I mean 306 00:14:49,520 --> 00:14:51,920 Speaker 1: we don't in the US. We don't need any of 307 00:14:51,920 --> 00:14:54,440 Speaker 1: the Venezuelan oil or the Iranian oil or any of 308 00:14:54,440 --> 00:14:57,240 Speaker 1: that um or even more Saudi oil. We're fine. We're 309 00:14:57,360 --> 00:14:59,760 Speaker 1: energy sufficient. Essentially. All you'd have to do is just 310 00:14:59,800 --> 00:15:01,480 Speaker 1: turn on a few things that we've turned off and 311 00:15:01,800 --> 00:15:04,760 Speaker 1: we're just fine. It's much more a sort of a 312 00:15:04,800 --> 00:15:07,080 Speaker 1: game of politics and trying to make sure that Western 313 00:15:07,080 --> 00:15:10,720 Speaker 1: Europe can be supplied, uh, knowing that a lot of 314 00:15:10,800 --> 00:15:13,080 Speaker 1: the Russian supply is going offline. It's not going to 315 00:15:13,160 --> 00:15:15,360 Speaker 1: be enough though, that's the end of the day. Like 316 00:15:15,440 --> 00:15:21,840 Speaker 1: it doesn't matter. It's just honestly, it's just political wallpaper 317 00:15:22,160 --> 00:15:24,680 Speaker 1: talking to Iran about stuff like this. They can't bring 318 00:15:24,800 --> 00:15:27,920 Speaker 1: enough supply online. Nothing close to it to offset what 319 00:15:27,720 --> 00:15:30,120 Speaker 1: with what the western European nations are gonna lose from 320 00:15:30,120 --> 00:15:33,840 Speaker 1: Germany or from from Russia. Yeah, yeah, I saw. I 321 00:15:33,880 --> 00:15:36,640 Speaker 1: was doing some research, um early this morning too, because 322 00:15:36,720 --> 00:15:39,040 Speaker 1: I mean, I'm I've been investing in the energy for 323 00:15:39,120 --> 00:15:40,800 Speaker 1: a long time. I'm I'm I'm a g P and 324 00:15:40,840 --> 00:15:43,280 Speaker 1: an oil field here in the in the US. UM, 325 00:15:43,280 --> 00:15:44,600 Speaker 1: So I know a little bit about it, but I 326 00:15:44,600 --> 00:15:48,400 Speaker 1: don't know. I'm not an expert by any means. UM. 327 00:15:48,440 --> 00:15:50,200 Speaker 1: And I was listening to somebody and they're talking about 328 00:15:50,200 --> 00:15:52,520 Speaker 1: how the US has peaked out in its energy. But 329 00:15:52,600 --> 00:15:54,920 Speaker 1: the you kind of talked about this enthusiasan fear spell 330 00:15:55,040 --> 00:15:57,760 Speaker 1: and the whole world operated on the theory called peak energy, 331 00:15:57,800 --> 00:15:59,920 Speaker 1: meaning that they thought by the year they thought the 332 00:16:00,080 --> 00:16:02,120 Speaker 1: world would run out of oil. But in two thousand 333 00:16:02,080 --> 00:16:04,800 Speaker 1: and eight, the private market came up with a new 334 00:16:04,840 --> 00:16:07,280 Speaker 1: technology called fracking, and then we found out we had 335 00:16:07,320 --> 00:16:09,840 Speaker 1: all this energy. And now some people are saying that 336 00:16:09,880 --> 00:16:12,960 Speaker 1: maybe the US is maxed out and that we we've 337 00:16:13,040 --> 00:16:16,200 Speaker 1: kind of hit the point of no more energy again. UM. 338 00:16:16,200 --> 00:16:18,800 Speaker 1: But I just think again, like, well no, because technology 339 00:16:18,840 --> 00:16:22,120 Speaker 1: is always going to improve. Um. But when you have 340 00:16:22,160 --> 00:16:26,400 Speaker 1: the United States basically telling oil company is gonna go bankrupt. Uh, 341 00:16:26,440 --> 00:16:28,160 Speaker 1: they're probably not gonna want to invest into that new 342 00:16:28,160 --> 00:16:31,960 Speaker 1: technology too much. So, Uh, what do you think it happens. 343 00:16:32,880 --> 00:16:35,440 Speaker 1: I think the market sorts it out. Market sorts at 344 00:16:35,720 --> 00:16:38,520 Speaker 1: getting a big smack in the face right now. And 345 00:16:38,960 --> 00:16:42,400 Speaker 1: you know, the biggest proponent of E s G narratives 346 00:16:42,400 --> 00:16:45,560 Speaker 1: for the last six seven years was Larry Fink, the 347 00:16:45,640 --> 00:16:49,720 Speaker 1: head of the world's largest asset manager, and he took 348 00:16:49,760 --> 00:16:53,280 Speaker 1: him what less than a month to turn around when 349 00:16:53,640 --> 00:16:56,040 Speaker 1: when reality smacks you in the face, they're not going 350 00:16:56,080 --> 00:16:59,880 Speaker 1: to try to turn off fossil fuels anymore. Yeah, well, 351 00:17:00,120 --> 00:17:02,320 Speaker 1: you're absolutely right. And also another thing he pivoted on 352 00:17:02,360 --> 00:17:04,600 Speaker 1: this week was, Uh, they came out and announced that 353 00:17:04,680 --> 00:17:08,160 Speaker 1: they were going to move into bitcoin and cryptocurrencies, and 354 00:17:08,320 --> 00:17:10,800 Speaker 1: just in July of last year he said they weren't 355 00:17:10,800 --> 00:17:14,120 Speaker 1: considering it because there was no appetite for it, and then, um, 356 00:17:14,160 --> 00:17:17,959 Speaker 1: just this week he said that due to investor demand, 357 00:17:18,200 --> 00:17:19,520 Speaker 1: they're going to get into it. So that's a pretty 358 00:17:19,560 --> 00:17:21,880 Speaker 1: big pivot in less than a year, um, from the 359 00:17:21,880 --> 00:17:25,960 Speaker 1: world's largest asset manager. As you said, they've just so 360 00:17:26,119 --> 00:17:30,119 Speaker 1: by the way they've they've had a large blockchain group 361 00:17:30,200 --> 00:17:33,959 Speaker 1: that's cross functional, including full time employees for over two years. 362 00:17:34,000 --> 00:17:36,960 Speaker 1: And most of the people who run that are actually 363 00:17:37,200 --> 00:17:40,959 Speaker 1: essentially bitcoin maximalists that have to say blockchain internally just 364 00:17:41,000 --> 00:17:43,960 Speaker 1: to kind of be nice. But I've spoken to their 365 00:17:44,000 --> 00:17:48,320 Speaker 1: group on like internal internal black rock meetings and stuff 366 00:17:48,359 --> 00:17:52,120 Speaker 1: like that, and yeah, they definitely they will be there. Yeah, 367 00:17:52,480 --> 00:17:54,360 Speaker 1: you're listening to the Mark Moas Show. I'm sitting down 368 00:17:54,359 --> 00:17:56,880 Speaker 1: in the studio with Corey Clipston from Swan Bitcoin. We're 369 00:17:56,880 --> 00:17:59,520 Speaker 1: talking about bitcoin. Of course, I got a lot more 370 00:17:59,560 --> 00:18:01,320 Speaker 1: to dig in too with him when we come back, 371 00:18:01,359 --> 00:18:04,159 Speaker 1: So do not go away, all right, Welcome back. You 372 00:18:04,200 --> 00:18:06,600 Speaker 1: are listening to the Mark mo Show. We're talking about 373 00:18:06,800 --> 00:18:09,720 Speaker 1: the decentralized revolution that the world is going through right now. 374 00:18:09,760 --> 00:18:13,240 Speaker 1: We're talking about the collision of politics, finance and technology. 375 00:18:13,280 --> 00:18:15,920 Speaker 1: Of course we're talking about bitcoin. I'm in the studio 376 00:18:16,040 --> 00:18:20,440 Speaker 1: with Corey Clipston. He is the CEO of Swan Bitcoin, 377 00:18:21,280 --> 00:18:24,159 Speaker 1: and um, we're talking about jobs in bitcoin. That was 378 00:18:24,160 --> 00:18:26,600 Speaker 1: pretty big. We were just talking about this energy component 379 00:18:26,680 --> 00:18:29,560 Speaker 1: of it of of what the world is going through 380 00:18:29,600 --> 00:18:33,560 Speaker 1: and and bitcoin. There another thing Corey I was I 381 00:18:33,640 --> 00:18:36,399 Speaker 1: was talking to so I had a conversation with Luke Grahman, 382 00:18:36,440 --> 00:18:38,200 Speaker 1: who has been doing a lot of good research, and 383 00:18:38,240 --> 00:18:41,280 Speaker 1: then I had another conversation with U with Jeff Booth, 384 00:18:41,680 --> 00:18:44,320 Speaker 1: and I was kind of thinking these things through, and 385 00:18:44,320 --> 00:18:48,399 Speaker 1: I kind of had this epiphany this morning, which I 386 00:18:48,440 --> 00:18:50,040 Speaker 1: hate to say it epiphany because you and I think 387 00:18:50,040 --> 00:18:52,600 Speaker 1: about the things all the time. But like the whole world. 388 00:18:52,880 --> 00:18:56,280 Speaker 1: You referenced a letter from Zoltan sultan Um about the 389 00:18:56,320 --> 00:18:58,919 Speaker 1: world kind of being thrust into this new financial system, 390 00:18:59,240 --> 00:19:02,280 Speaker 1: which is a commodity based system. And so we've seen 391 00:19:02,359 --> 00:19:04,520 Speaker 1: over the last several years the world has been um 392 00:19:04,640 --> 00:19:07,840 Speaker 1: net buyers of gold and net sellers of treasury, so 393 00:19:07,880 --> 00:19:10,840 Speaker 1: they've been transitioning off of this fiat treasury system and 394 00:19:10,840 --> 00:19:13,640 Speaker 1: into a gold system. But then we have this situation 395 00:19:13,680 --> 00:19:17,680 Speaker 1: where the U S c's to Russia's treasuries. Um, there's 396 00:19:17,800 --> 00:19:21,480 Speaker 1: U S. Senators calling for a seas of their gold 397 00:19:22,160 --> 00:19:25,840 Speaker 1: and sanctioning their gold. We saw the UK stole Venezuela's 398 00:19:25,840 --> 00:19:28,480 Speaker 1: gold dirty one tons, about two billion dollars worth, and 399 00:19:28,560 --> 00:19:31,399 Speaker 1: so like we've really seen a breakdown of trust altogether. 400 00:19:31,720 --> 00:19:34,360 Speaker 1: And if everyone's gonna go back to this gold back system, 401 00:19:34,359 --> 00:19:37,199 Speaker 1: how could that work in a world with no trust, 402 00:19:37,280 --> 00:19:40,119 Speaker 1: like even if China had a seven live stream on 403 00:19:40,200 --> 00:19:41,800 Speaker 1: YouTube of their gold supply, how do we know it's 404 00:19:41,920 --> 00:19:46,160 Speaker 1: like gold tungsten um bars, right, And now the countries 405 00:19:46,200 --> 00:19:48,720 Speaker 1: can't let someone else hold their gold like Venezuela will 406 00:19:48,720 --> 00:19:50,600 Speaker 1: steal it, Russia, that will steal it, so they have 407 00:19:50,640 --> 00:19:53,919 Speaker 1: to hold it themselves. And if that's the only system 408 00:19:53,960 --> 00:19:56,120 Speaker 1: we have, like, how could that work in a world 409 00:19:56,160 --> 00:19:59,000 Speaker 1: with no trust? It's almost like you would want to 410 00:19:59,040 --> 00:20:03,479 Speaker 1: have like a blick Ledger where everyone had a copy 411 00:20:03,520 --> 00:20:06,879 Speaker 1: of the Ledger and you could actually see what people 412 00:20:06,960 --> 00:20:10,240 Speaker 1: claim to own and they could like prove their reserves. Yeah, 413 00:20:10,280 --> 00:20:16,200 Speaker 1: it's almost like we're talking, of course about bitcoin, which 414 00:20:16,200 --> 00:20:18,720 Speaker 1: I think is where we'll be in you know, fifteen years, 415 00:20:18,720 --> 00:20:20,760 Speaker 1: thirty years, something like that. I do think that's how 416 00:20:20,800 --> 00:20:22,480 Speaker 1: everything will sort of run, and that will be the 417 00:20:22,520 --> 00:20:25,719 Speaker 1: reserve asset of all of these countries. Yeah, it's just 418 00:20:25,800 --> 00:20:29,520 Speaker 1: like you know, uh, the Americans trusted the United States 419 00:20:29,520 --> 00:20:31,000 Speaker 1: to hold their gold, the banks to hold their gold, 420 00:20:31,000 --> 00:20:33,200 Speaker 1: and not print too many papers certificates, but in nineteen 421 00:20:33,240 --> 00:20:35,480 Speaker 1: thirty three they did and they seize their gold, and 422 00:20:35,520 --> 00:20:38,600 Speaker 1: then in the world agreed to let the US hold 423 00:20:38,600 --> 00:20:40,679 Speaker 1: the gold. In ninety one, they found out they couldn't 424 00:20:40,680 --> 00:20:42,720 Speaker 1: get it back, so they couldn't trust that. Today we 425 00:20:42,800 --> 00:20:45,040 Speaker 1: found out, you know, no one can. You can't trust 426 00:20:45,119 --> 00:20:46,720 Speaker 1: anyone to hold your gold. You can't trust anyone to 427 00:20:46,760 --> 00:20:50,400 Speaker 1: hold your treasuries. We can't trust anybody, Like I mean, 428 00:20:50,480 --> 00:20:52,600 Speaker 1: gold already has this problem because it's slow and clunky 429 00:20:52,720 --> 00:20:56,240 Speaker 1: and it's heavy. But now we have trust broken down, 430 00:20:56,320 --> 00:21:00,320 Speaker 1: Like I just I don't see any other option. Yeah, 431 00:21:00,320 --> 00:21:04,240 Speaker 1: I mean, it's um it's still just such a tiny market. 432 00:21:04,320 --> 00:21:07,800 Speaker 1: So when you're talking about you know, net inflows, net outflows, 433 00:21:07,800 --> 00:21:10,159 Speaker 1: the treasuries or whatever, it's still just nibbling around at 434 00:21:10,160 --> 00:21:14,200 Speaker 1: the edges. UM treasuries just dwarf it, and you know 435 00:21:14,240 --> 00:21:17,040 Speaker 1: a lot of other asset classes just dwarf gold completely 436 00:21:17,040 --> 00:21:19,560 Speaker 1: as gold. Tradable gold is probably about half of the 437 00:21:19,600 --> 00:21:22,280 Speaker 1: total supply. Total supplies about eleven trillion dollars worth, so 438 00:21:22,359 --> 00:21:25,440 Speaker 1: tradable is like five or six trillion. It's just miniscule 439 00:21:25,520 --> 00:21:29,359 Speaker 1: compared to what the world economy needs in you know, 440 00:21:29,440 --> 00:21:31,520 Speaker 1: to run and for these governments need for their for 441 00:21:31,560 --> 00:21:37,200 Speaker 1: their reserve assets. UM. As far as the US, I mean, 442 00:21:37,240 --> 00:21:40,000 Speaker 1: I think that broadly this disruption and this sort of 443 00:21:40,040 --> 00:21:43,479 Speaker 1: like new new maybe not cold war, but you know, 444 00:21:43,640 --> 00:21:46,400 Speaker 1: cold freeze or whatever. This is this disruption and sort 445 00:21:46,400 --> 00:21:51,360 Speaker 1: of deglobalization. It'll be very um. Everybody will be hurt, 446 00:21:51,440 --> 00:21:54,960 Speaker 1: but the US will be much less hurt, and the US, 447 00:21:54,960 --> 00:21:57,960 Speaker 1: you know, relatively will gain in strength and power and 448 00:21:58,000 --> 00:22:01,639 Speaker 1: wealth versus other nations around the world because of the 449 00:22:01,640 --> 00:22:05,120 Speaker 1: disruption that's going on right now. I explained that why 450 00:22:05,200 --> 00:22:06,960 Speaker 1: why would most nations be hurt but the U. S 451 00:22:06,960 --> 00:22:11,440 Speaker 1: Would do better because of the disruption. Well, the I mean, 452 00:22:11,480 --> 00:22:13,520 Speaker 1: Germany is going to be hurt, so that's a that's 453 00:22:13,520 --> 00:22:16,560 Speaker 1: a top economy. Russia is obviously being hurt. That's a 454 00:22:16,640 --> 00:22:19,520 Speaker 1: top top military power. It's the number two military power 455 00:22:19,640 --> 00:22:22,680 Speaker 1: behind US. Well, being hurt, being hurt by what being 456 00:22:22,760 --> 00:22:25,639 Speaker 1: hurt by this disruption, this de globalization right, This was 457 00:22:25,840 --> 00:22:29,600 Speaker 1: this was US sort of creating a world order where 458 00:22:29,640 --> 00:22:34,320 Speaker 1: everybody played nice since World War Two, and US policing 459 00:22:34,320 --> 00:22:37,400 Speaker 1: the oceans right, keeping it open for trade. Even when 460 00:22:37,400 --> 00:22:40,000 Speaker 1: we were fighting in Vietnam, the U. S. Navy was 461 00:22:40,640 --> 00:22:44,320 Speaker 1: making sure that boats could sail straight into Hanoi without 462 00:22:44,359 --> 00:22:48,160 Speaker 1: being messed with. Even as we were fighting the Vietnam War. 463 00:22:49,000 --> 00:22:50,720 Speaker 1: That's going to be out the window here in the 464 00:22:50,720 --> 00:22:53,400 Speaker 1: next decade or so. Um. A lot of people think 465 00:22:53,440 --> 00:22:56,640 Speaker 1: that this disruption with Russia might lead to something like 466 00:22:57,400 --> 00:23:00,800 Speaker 1: increased power for China, but this is this is massively 467 00:23:00,840 --> 00:23:04,560 Speaker 1: negative for China. They rely a ton on Russian oil. 468 00:23:04,720 --> 00:23:08,879 Speaker 1: They the whole sort of Siberian fields come south into China, 469 00:23:09,080 --> 00:23:12,159 Speaker 1: and those are serviced almost exclusively by Western firms that 470 00:23:12,200 --> 00:23:15,880 Speaker 1: have actually pulled out already, right, Slumberja and and Haliburton 471 00:23:15,920 --> 00:23:18,520 Speaker 1: have pulled out, and so they don't have the ability 472 00:23:18,560 --> 00:23:22,080 Speaker 1: to service those fields anymore. So it won't become obvious immediately, 473 00:23:22,119 --> 00:23:24,200 Speaker 1: but over the next couple of years, with that lack 474 00:23:24,240 --> 00:23:26,280 Speaker 1: of expertise and the lack of parts and the lack 475 00:23:26,320 --> 00:23:29,360 Speaker 1: of repairs in a place like that that freezes six 476 00:23:29,440 --> 00:23:32,000 Speaker 1: months a year, like they're just d l a those 477 00:23:31,760 --> 00:23:34,120 Speaker 1: that oil is gonna stop flowing. That gas is gonna 478 00:23:34,119 --> 00:23:36,480 Speaker 1: stop flowing to China, and they can't go get it 479 00:23:36,480 --> 00:23:39,880 Speaker 1: anywhere else, right, they can't go, you know, the the 480 00:23:40,000 --> 00:23:42,520 Speaker 1: naval capacity, there's no insurance for those boats to go. 481 00:23:42,680 --> 00:23:44,919 Speaker 1: There's no deep water ports for Russia to put these on. 482 00:23:44,960 --> 00:23:48,359 Speaker 1: Supertankers and ship it to China, like there's nowhere else 483 00:23:48,400 --> 00:23:52,240 Speaker 1: for them to get the oil that they're losing. M yeah, 484 00:23:52,280 --> 00:23:55,200 Speaker 1: and the world desperately needs that oil overall. I mean 485 00:23:55,440 --> 00:23:57,600 Speaker 1: they're they're a small percentage, I think, less than ten 486 00:23:57,640 --> 00:24:00,439 Speaker 1: percent of the world's energy, but the world needs that. 487 00:24:00,760 --> 00:24:02,520 Speaker 1: If you reduce the energy by denver cent, it's a 488 00:24:02,520 --> 00:24:06,240 Speaker 1: big problem. Well, you got the biggest economy in Europe, Germany, 489 00:24:06,359 --> 00:24:10,600 Speaker 1: that gets like their gas from Russia, right right, So 490 00:24:11,520 --> 00:24:14,719 Speaker 1: that's gonna be a big problem. Yeah, that's a big problem. 491 00:24:14,840 --> 00:24:19,200 Speaker 1: So um yeah, the world is just so connected now 492 00:24:19,320 --> 00:24:21,320 Speaker 1: that you know, you pull on one string and it 493 00:24:21,359 --> 00:24:24,080 Speaker 1: just kind of pulls everywhere else. But like I was 494 00:24:24,160 --> 00:24:26,600 Speaker 1: kind of saying, so, um, now, when this trust is 495 00:24:26,640 --> 00:24:29,640 Speaker 1: broken down, I mean there's just I just don't see 496 00:24:29,640 --> 00:24:32,199 Speaker 1: how going back to a commodity based system or a 497 00:24:33,160 --> 00:24:36,960 Speaker 1: or a gold back system could work because without trust, 498 00:24:37,000 --> 00:24:39,840 Speaker 1: it's always going to require that. But at the same time, 499 00:24:40,160 --> 00:24:41,800 Speaker 1: so then it's kind of like, well, if not Bitcoin, 500 00:24:41,880 --> 00:24:44,679 Speaker 1: then what, because, like like you said, it's almost like 501 00:24:44,680 --> 00:24:47,359 Speaker 1: we need this like trust less ledger. Um, so if 502 00:24:47,400 --> 00:24:49,960 Speaker 1: not Bitcoin, then what. But I guess to the point 503 00:24:50,000 --> 00:24:52,919 Speaker 1: that I'm seeing and you actually just made like bitcoin 504 00:24:52,960 --> 00:24:55,600 Speaker 1: is not really ready for that. Like, no, it's gonna 505 00:24:55,600 --> 00:24:58,920 Speaker 1: be treasuries for a long while. Yet flawed as they are, 506 00:24:59,280 --> 00:25:00,800 Speaker 1: that's still what it's going to be for a few 507 00:25:00,800 --> 00:25:03,199 Speaker 1: more decades in my view. And everyone's just gonna have 508 00:25:03,240 --> 00:25:05,800 Speaker 1: to just bow down and kiss kiss the feet of 509 00:25:06,040 --> 00:25:08,960 Speaker 1: the US so they don't get locked out like Russia did. Yeah, 510 00:25:09,040 --> 00:25:11,320 Speaker 1: the Western the Western world and those who choose to 511 00:25:11,440 --> 00:25:16,080 Speaker 1: remain part of whatever global system remains and be plugged into, 512 00:25:16,320 --> 00:25:18,200 Speaker 1: you know, the equity markets and the bond markets and 513 00:25:18,240 --> 00:25:20,119 Speaker 1: the credit markets, they're just going to have to continue 514 00:25:20,160 --> 00:25:22,320 Speaker 1: to play ball. It'll just be a slightly smaller playing 515 00:25:22,359 --> 00:25:26,159 Speaker 1: field for for the West. Yeah, I mean, so smaller 516 00:25:26,200 --> 00:25:28,840 Speaker 1: plane filled for the West. But what about like Russia, 517 00:25:28,920 --> 00:25:30,880 Speaker 1: I mean, if they're kicked out, obviously, what they have 518 00:25:30,960 --> 00:25:33,320 Speaker 1: plenty of natural resources. I guess to your point that 519 00:25:33,359 --> 00:25:35,679 Speaker 1: you're making some of the resources might be drying up, 520 00:25:35,760 --> 00:25:38,199 Speaker 1: drying up a little bit, but they still have you know, 521 00:25:38,280 --> 00:25:40,920 Speaker 1: between Russia and Ukraine and control thirty of the wheat 522 00:25:40,920 --> 00:25:45,800 Speaker 1: and corn it's pretty massive, huge percentage of the fertilizer industry. Um, 523 00:25:45,920 --> 00:25:49,840 Speaker 1: so they still have real wealth, real goods and services 524 00:25:49,880 --> 00:25:52,680 Speaker 1: that they could sell for gold. So maybe they create 525 00:25:52,760 --> 00:25:55,000 Speaker 1: maybe a bifurcate the financial system and we kind of 526 00:25:55,000 --> 00:25:56,560 Speaker 1: have the West system and then we kind of have 527 00:25:56,600 --> 00:25:59,520 Speaker 1: these other people on their own system. Yeah, it's just 528 00:25:59,760 --> 00:26:02,880 Speaker 1: it's just such a tiny sliver compared to the rest 529 00:26:02,880 --> 00:26:05,840 Speaker 1: of the system, and it needs you kind of need 530 00:26:05,920 --> 00:26:10,960 Speaker 1: access to global markets to be able to produce all 531 00:26:11,000 --> 00:26:14,480 Speaker 1: of the inputs for those industries. Right, those aren't just 532 00:26:14,520 --> 00:26:16,960 Speaker 1: sitting there waiting to be picked up, Like there's there's 533 00:26:16,960 --> 00:26:20,359 Speaker 1: not going to be a planting season this year in Ukraine, right, 534 00:26:20,600 --> 00:26:22,560 Speaker 1: And we'll see, you know, and it's probably going to 535 00:26:22,640 --> 00:26:26,000 Speaker 1: be a bit of a failed contested slash buffer state 536 00:26:26,320 --> 00:26:29,600 Speaker 1: for the next decade or so. Um. You know, we'll see, 537 00:26:29,640 --> 00:26:32,800 Speaker 1: we'll see where the territorial lines get drawn. But it 538 00:26:32,840 --> 00:26:35,160 Speaker 1: doesn't appear that it's going to be free of Russian influence. 539 00:26:35,160 --> 00:26:36,800 Speaker 1: And it doesn't appear that it's going to be a 540 00:26:36,880 --> 00:26:40,080 Speaker 1: Russian vassal state either, um, although we shall see. But 541 00:26:40,160 --> 00:26:42,560 Speaker 1: either way, it's probably not good for wheat production. And 542 00:26:42,600 --> 00:26:45,000 Speaker 1: this is definitely not good for Russian wheat production because 543 00:26:45,280 --> 00:26:47,679 Speaker 1: while they have fertilizer and they have fuel, like, there 544 00:26:47,680 --> 00:26:49,720 Speaker 1: are lots of other inputs that go into farming, like 545 00:26:49,760 --> 00:26:51,880 Speaker 1: equipment and tractors and all those kinds of things. So 546 00:26:52,240 --> 00:26:54,520 Speaker 1: you're talking about probably like a five to ten year 547 00:26:54,600 --> 00:26:58,120 Speaker 1: retooling as they moved towards autarchy, right, and being sort 548 00:26:58,160 --> 00:27:02,120 Speaker 1: of insular within their own boards. Uh, and essentially coming 549 00:27:02,160 --> 00:27:05,840 Speaker 1: back to sort of Soviet style iron curtain vibes. And 550 00:27:06,000 --> 00:27:08,359 Speaker 1: that was not an efficient economy, right. It didn't benefit 551 00:27:08,400 --> 00:27:11,600 Speaker 1: from comparative advantage of being able to draw all the 552 00:27:11,680 --> 00:27:13,840 Speaker 1: things that different countries around the world were best at 553 00:27:13,880 --> 00:27:16,120 Speaker 1: making and getting them for the cheapest price. They're gonna 554 00:27:16,119 --> 00:27:20,000 Speaker 1: have to make everything. Yeah, you're you're you're listening to 555 00:27:20,080 --> 00:27:21,879 Speaker 1: the Mark Moss Show. I'm sitting down in the studio 556 00:27:21,880 --> 00:27:24,600 Speaker 1: with Corey Clipston, the CEO of Swan Bitcoin. We're just 557 00:27:24,680 --> 00:27:27,960 Speaker 1: talking about as this financial system is changing, what comes next. 558 00:27:28,119 --> 00:27:30,200 Speaker 1: I want to talk next when we come back from 559 00:27:30,200 --> 00:27:32,800 Speaker 1: the break, about investing into this trend. I know you 560 00:27:32,880 --> 00:27:35,000 Speaker 1: run some venture funds. We'll talk about that. I got 561 00:27:35,040 --> 00:27:36,520 Speaker 1: a lot more to go. Don't go away, We'll be 562 00:27:36,600 --> 00:27:39,240 Speaker 1: right back everyone. Welcome back. You are listening to the 563 00:27:39,240 --> 00:27:42,640 Speaker 1: Mark mo Show where we talk about the decentralized revolution. 564 00:27:42,640 --> 00:27:45,600 Speaker 1: We're talking about how bitcoin is changing the world as 565 00:27:45,600 --> 00:27:47,800 Speaker 1: we know it. I'm sitting down in the studio with 566 00:27:47,920 --> 00:27:52,080 Speaker 1: Corey Clipston. He is the CEO of Swan Bitcoin and 567 00:27:52,440 --> 00:27:55,640 Speaker 1: we've covered a lot. So if you've missed it, don't 568 00:27:55,680 --> 00:27:57,600 Speaker 1: miss it again. Put this date time on your calendar. 569 00:27:57,640 --> 00:27:59,000 Speaker 1: Make sure you're joined me each and every week on 570 00:27:59,040 --> 00:28:02,159 Speaker 1: this channel at this time I'm or you can find 571 00:28:02,160 --> 00:28:04,840 Speaker 1: it on the podcast iHeart podcast Network and you can 572 00:28:04,880 --> 00:28:07,920 Speaker 1: catch up on it then. Um. But we talked about 573 00:28:07,920 --> 00:28:10,439 Speaker 1: a lot of things, including energy, including what's going on 574 00:28:10,560 --> 00:28:14,320 Speaker 1: with the world and uh, trust being broken down. Um. 575 00:28:14,359 --> 00:28:15,960 Speaker 1: But Corey, one another thing that I want to dig 576 00:28:16,000 --> 00:28:18,840 Speaker 1: into with is that we've kind of set this stage 577 00:28:18,840 --> 00:28:20,879 Speaker 1: and I talk about it all the time, but I 578 00:28:20,920 --> 00:28:23,560 Speaker 1: want to talk about specifically I I do talk about 579 00:28:23,560 --> 00:28:26,080 Speaker 1: all the time that you know, these transitions that we're 580 00:28:26,080 --> 00:28:28,199 Speaker 1: going through with the financial system change and you know, 581 00:28:28,280 --> 00:28:31,719 Speaker 1: technology changes the world. It's it's uh, it's a problem 582 00:28:31,760 --> 00:28:33,280 Speaker 1: for a lot of people not paying attention, but for 583 00:28:33,320 --> 00:28:34,960 Speaker 1: some people that are pay attention, it could be a 584 00:28:35,040 --> 00:28:38,080 Speaker 1: big opportunity. So let's talk about that and like really 585 00:28:38,160 --> 00:28:41,600 Speaker 1: investing into this. And I you're the perfect person to 586 00:28:41,600 --> 00:28:44,040 Speaker 1: talk to. You've been running a big bitcoin of ventures 587 00:28:44,040 --> 00:28:45,640 Speaker 1: for a long time, and I know you've invested into 588 00:28:45,680 --> 00:28:49,000 Speaker 1: a lot of projects there um, and now you've moved 589 00:28:49,000 --> 00:28:53,080 Speaker 1: into actually starting a fund to invest into some projects. 590 00:28:53,120 --> 00:28:58,840 Speaker 1: So let's talk about investing and using this as an opportunity. Yeah, absolutely, So, 591 00:28:59,760 --> 00:29:04,000 Speaker 1: you know, I think you need to know what you're buying. 592 00:29:04,480 --> 00:29:08,560 Speaker 1: That's just always true in investing generals. Yeah, the more 593 00:29:08,600 --> 00:29:10,080 Speaker 1: you know, the more you buy. Is kind of like 594 00:29:10,120 --> 00:29:12,200 Speaker 1: our internal motto at SWAN, which is why I always 595 00:29:12,200 --> 00:29:14,440 Speaker 1: try to educate people about bitcoin, because if they know 596 00:29:14,520 --> 00:29:16,160 Speaker 1: more about it, they're more likely to buy more of 597 00:29:16,160 --> 00:29:18,840 Speaker 1: it hold onto it, right. Um. So it's kind of 598 00:29:18,880 --> 00:29:21,160 Speaker 1: the same thing with venture. So I would say, you know, 599 00:29:21,240 --> 00:29:24,000 Speaker 1: this trend in this sort of like wind at your 600 00:29:24,040 --> 00:29:26,240 Speaker 1: sales with bitcoin, is you know, going to be a 601 00:29:26,320 --> 00:29:28,480 Speaker 1: two decade trend at minimum where there's going to be 602 00:29:28,520 --> 00:29:31,000 Speaker 1: sort of outsized returns and I think better returns than 603 00:29:31,080 --> 00:29:35,920 Speaker 1: venture broadly in the bitcoin space. If you are heavy 604 00:29:35,920 --> 00:29:38,360 Speaker 1: into it and getting to know these companies and can 605 00:29:38,400 --> 00:29:41,720 Speaker 1: add some value that would make you not face adverse selection, 606 00:29:41,840 --> 00:29:44,640 Speaker 1: which is where somebody only takes your money once they 607 00:29:45,000 --> 00:29:46,920 Speaker 1: try getting money from all the people they really want 608 00:29:46,920 --> 00:29:49,440 Speaker 1: in the deal. Um. But if you actually add value 609 00:29:49,480 --> 00:29:51,440 Speaker 1: and you're kind of well known in the space, then 610 00:29:51,520 --> 00:29:53,320 Speaker 1: you can get into the good deals and you have 611 00:29:53,680 --> 00:29:57,520 Speaker 1: you know, you get selected for good deals, then it 612 00:29:57,560 --> 00:30:00,040 Speaker 1: makes sense to go sort of deal by deal and 613 00:30:00,120 --> 00:30:02,120 Speaker 1: be an angel. If you don't have that, then it's 614 00:30:02,120 --> 00:30:04,400 Speaker 1: better to be a limited partner in a fund. Right. 615 00:30:04,440 --> 00:30:05,920 Speaker 1: So if there's some space that you don't know a 616 00:30:05,960 --> 00:30:08,360 Speaker 1: lot about um, but you just like believe in the trend, 617 00:30:08,480 --> 00:30:10,680 Speaker 1: that's when it's better to just hire a professional manager. 618 00:30:10,880 --> 00:30:14,440 Speaker 1: So you know, I kind of play both strategies. The 619 00:30:14,480 --> 00:30:17,440 Speaker 1: Bitcoin of Ventures syndicate lets a lot of bitcoiners around 620 00:30:17,440 --> 00:30:20,840 Speaker 1: the world who are really into bitcoins select the deals 621 00:30:20,880 --> 00:30:22,800 Speaker 1: that they want to be in and they can contribute like, 622 00:30:22,880 --> 00:30:25,240 Speaker 1: you know, one thousand and fifty thou dollars per deal. 623 00:30:25,360 --> 00:30:28,440 Speaker 1: That's the Bitcoin Ventures Bitcoin of Ventures dot com. And 624 00:30:28,480 --> 00:30:31,360 Speaker 1: that one's really just kind of a community service. It's myself, 625 00:30:31,840 --> 00:30:35,840 Speaker 1: Jon Pritzker, Louis lou and Stefan Lavera, all pretty well 626 00:30:35,880 --> 00:30:38,080 Speaker 1: known people in the bitcoin space where the four partners. 627 00:30:38,120 --> 00:30:40,160 Speaker 1: But we actually take no fees and no carry to 628 00:30:40,280 --> 00:30:42,600 Speaker 1: run the syndicate and we just put you know, like 629 00:30:42,640 --> 00:30:45,000 Speaker 1: half a million into each deal, and we've done seven 630 00:30:45,000 --> 00:30:47,680 Speaker 1: deals so far. UM. But it's you know, seven of 631 00:30:47,680 --> 00:30:49,840 Speaker 1: the best known bitcoin companies over the last two years. 632 00:30:50,320 --> 00:30:54,160 Speaker 1: And then separately recently launched and announced a fund called 633 00:30:54,200 --> 00:30:57,960 Speaker 1: Alzonte Capital with Max Kaiser and Stacy Herbert, um the 634 00:30:58,440 --> 00:31:02,080 Speaker 1: well known bitcoin advocate for the last eleven twelve years 635 00:31:02,120 --> 00:31:05,080 Speaker 1: and UH and well known media figures. And if that 636 00:31:05,120 --> 00:31:07,880 Speaker 1: one is focused on Layer two and Layer three solutions, 637 00:31:07,880 --> 00:31:12,000 Speaker 1: so Lightning DLCs and just whatever else people build on 638 00:31:12,040 --> 00:31:14,800 Speaker 1: top of bitcoin and really just building up for this 639 00:31:14,960 --> 00:31:19,040 Speaker 1: next phase where a lot more people have a lot 640 00:31:19,080 --> 00:31:21,200 Speaker 1: of their net worth and bitcoin and are actually looking 641 00:31:21,200 --> 00:31:23,480 Speaker 1: to use it and spend it and do novel things 642 00:31:23,480 --> 00:31:26,360 Speaker 1: like value for value podcasting and things like that with bitcoin. 643 00:31:26,960 --> 00:31:29,520 Speaker 1: Mm hmm, that's great. UM. It's funny you say that 644 00:31:29,520 --> 00:31:31,520 Speaker 1: because a lot of times people think about bitcoin being 645 00:31:31,600 --> 00:31:35,400 Speaker 1: you know, deflationary or disinflationary UM, and they say, well, 646 00:31:35,800 --> 00:31:38,280 Speaker 1: if if bitcoin's always going up, why would people, um want, 647 00:31:38,320 --> 00:31:41,600 Speaker 1: why would they invest anymore? But to your point, if 648 00:31:41,600 --> 00:31:43,120 Speaker 1: people have a lot of bitcoin, they still are looking 649 00:31:43,160 --> 00:31:46,520 Speaker 1: for ways to invest into the space. UM. But I 650 00:31:46,520 --> 00:31:49,520 Speaker 1: want to talk about UM specifically, so like let's talk 651 00:31:49,560 --> 00:31:52,880 Speaker 1: we'll talk a little bit broadly about you know, the 652 00:31:52,880 --> 00:31:56,320 Speaker 1: difference with crypto versus bitcoin. And so the thing with 653 00:31:56,760 --> 00:32:00,000 Speaker 1: crypto is like it's easy for anybody. Uh I spend 654 00:32:00,200 --> 00:32:03,560 Speaker 1: years in the crypto space, and my ex business partner 655 00:32:03,880 --> 00:32:07,360 Speaker 1: um went for in four months, launched a crypto project 656 00:32:07,440 --> 00:32:10,560 Speaker 1: and went and got a big I'm not going to 657 00:32:10,680 --> 00:32:13,320 Speaker 1: name them, but a big market maker behind them, and 658 00:32:13,720 --> 00:32:16,040 Speaker 1: cashed out twelve million dollars within four months. And he's 659 00:32:16,040 --> 00:32:17,800 Speaker 1: got all these tokens he sits on, right, And so 660 00:32:17,840 --> 00:32:20,480 Speaker 1: you have these people that just go launched these crypto tokens, 661 00:32:20,520 --> 00:32:23,280 Speaker 1: and now he launched it as a decentralized protocol, and 662 00:32:23,320 --> 00:32:25,440 Speaker 1: then he just walks away. Do you have all these 663 00:32:25,440 --> 00:32:27,800 Speaker 1: people that can go launch that? But with bitcoin companies, 664 00:32:27,800 --> 00:32:30,280 Speaker 1: they have to go like sit down with real investors 665 00:32:30,480 --> 00:32:33,120 Speaker 1: that are having to give up real money. So it's 666 00:32:33,120 --> 00:32:35,960 Speaker 1: a different path that has to go down, right, Yeah, 667 00:32:35,960 --> 00:32:37,920 Speaker 1: I mean it's it's kind of long term greedy. You know. 668 00:32:37,960 --> 00:32:41,520 Speaker 1: I had a mentor a long time ago tell me that, uh, 669 00:32:42,000 --> 00:32:43,640 Speaker 1: money is only as good as the story you can 670 00:32:43,640 --> 00:32:46,160 Speaker 1: tell about it. And the way I think about crypto 671 00:32:46,200 --> 00:32:49,720 Speaker 1: people is like you're either gonna have to like lie 672 00:32:49,800 --> 00:32:53,560 Speaker 1: to your friends or have crappy friends in the future. 673 00:32:54,200 --> 00:32:57,160 Speaker 1: You know, Like, it's just it's not very attractive. I'd 674 00:32:57,240 --> 00:33:00,520 Speaker 1: much rather be you know, honest about what I've done 675 00:33:00,560 --> 00:33:02,160 Speaker 1: and and proud of it and be able to tell 676 00:33:02,160 --> 00:33:04,480 Speaker 1: the truth about it. So I think that's one thing. 677 00:33:04,480 --> 00:33:06,360 Speaker 1: It's just like I think a lot of high integrity 678 00:33:06,360 --> 00:33:09,320 Speaker 1: people are drawn towards bitcoin. It's it's this this thing 679 00:33:09,400 --> 00:33:13,160 Speaker 1: that seems to be true and to spread truth wherever 680 00:33:13,200 --> 00:33:16,720 Speaker 1: it goes. So I think that's really attractive. Um. But 681 00:33:16,760 --> 00:33:19,080 Speaker 1: I also just think like bitcoin is gonna be there 682 00:33:19,240 --> 00:33:22,320 Speaker 1: and these other things, in my view, are not. And 683 00:33:22,400 --> 00:33:25,480 Speaker 1: so if you're thinking about building a career over a 684 00:33:25,520 --> 00:33:28,479 Speaker 1: decade or two or even just you know, leaving your 685 00:33:28,560 --> 00:33:31,440 Speaker 1: name there for the history books, right, Like you can 686 00:33:31,440 --> 00:33:33,480 Speaker 1: have a legacy working in bitcoin, You're not gonna have 687 00:33:33,520 --> 00:33:37,960 Speaker 1: a legacy working in these you know, crypto schemes. Yeah. Now, Um, 688 00:33:38,000 --> 00:33:40,560 Speaker 1: you talked about the you didn't name it, but it's 689 00:33:40,600 --> 00:33:44,480 Speaker 1: al Zonte Capital that you you started with Max and Stacy, Um, 690 00:33:44,520 --> 00:33:46,680 Speaker 1: who are great friends as well. I love those guys, 691 00:33:46,680 --> 00:33:48,800 Speaker 1: So good team for you guys to partner up together with. 692 00:33:49,080 --> 00:33:51,880 Speaker 1: I'm excited about it. But alzonte capital um and investing 693 00:33:51,920 --> 00:33:54,440 Speaker 1: into layer two in layer three, So bitcoin being a 694 00:33:54,440 --> 00:33:56,920 Speaker 1: base layer and then you have secondary layers. So if 695 00:33:56,920 --> 00:33:58,880 Speaker 1: you think about the way that I kind of think 696 00:33:58,920 --> 00:34:00,200 Speaker 1: about it is like you have the Internet, so you 697 00:34:00,240 --> 00:34:02,720 Speaker 1: have like a t P I P protocol that transfers 698 00:34:02,720 --> 00:34:04,680 Speaker 1: packets of data on that TCP a protocol, and then 699 00:34:04,680 --> 00:34:07,960 Speaker 1: you have trillions of applications built on top of that. 700 00:34:08,560 --> 00:34:11,279 Speaker 1: UM this is one application of the Internet, and then 701 00:34:11,280 --> 00:34:13,680 Speaker 1: you have Bitcoin as a as a value transfer protocol, 702 00:34:13,719 --> 00:34:16,640 Speaker 1: and then you could have potentially trillions of applications built 703 00:34:16,680 --> 00:34:20,960 Speaker 1: on that UM. Do you think that eventually all the 704 00:34:21,000 --> 00:34:24,359 Speaker 1: trillions of applications get built on one single protocol, just 705 00:34:24,440 --> 00:34:28,279 Speaker 1: like the Internet? Did? I mean? Bitcoin is Bitcoin will 706 00:34:28,320 --> 00:34:30,080 Speaker 1: just be money, so all the ways that you can 707 00:34:30,200 --> 00:34:33,319 Speaker 1: use money. But then you think about the other the 708 00:34:33,360 --> 00:34:35,640 Speaker 1: fact that it's programmable money and the fact that it 709 00:34:35,680 --> 00:34:38,160 Speaker 1: can be streaming money, and that it can be you know, 710 00:34:38,160 --> 00:34:41,160 Speaker 1: we're already using millissats on the lightning networks, and not 711 00:34:41,239 --> 00:34:44,120 Speaker 1: just setosis which is one millions of a bitcoin, but 712 00:34:44,160 --> 00:34:48,960 Speaker 1: you can actually go another three decimal points enlightening. And 713 00:34:48,960 --> 00:34:50,799 Speaker 1: so think of all the different machines that could be 714 00:34:50,800 --> 00:34:53,480 Speaker 1: talking to each other and transacting to it with each other, 715 00:34:53,960 --> 00:34:56,239 Speaker 1: you know, based on if then statements, and you know, 716 00:34:56,280 --> 00:34:59,239 Speaker 1: just kind of computer language or computer code. So I 717 00:34:59,239 --> 00:35:01,680 Speaker 1: don't know, I think it's, um, what did we do 718 00:35:01,719 --> 00:35:03,839 Speaker 1: with the Internet In the first decade, We basically put 719 00:35:03,880 --> 00:35:06,200 Speaker 1: you know, magazines and newspapers online, and we had these 720 00:35:06,239 --> 00:35:08,520 Speaker 1: static pages, and then all of a sudden there was 721 00:35:08,520 --> 00:35:10,400 Speaker 1: a comments section, and we're like, oh my gosh, like 722 00:35:10,440 --> 00:35:12,359 Speaker 1: I can kind of interact. And then you know, seven 723 00:35:12,440 --> 00:35:15,600 Speaker 1: years later it was full blown Facebook and you know, 724 00:35:15,640 --> 00:35:18,600 Speaker 1: social media, and now it's zoom every day all day, 725 00:35:18,640 --> 00:35:22,960 Speaker 1: and you know, it's really hard to imagine the things 726 00:35:23,000 --> 00:35:28,400 Speaker 1: that we will build by, let alone leveraging what bitcoin 727 00:35:28,560 --> 00:35:33,040 Speaker 1: is money on the Internet. Value on the Internet. It's 728 00:35:33,080 --> 00:35:36,680 Speaker 1: it's the Internet of value, and we've never had it before. Yeah, 729 00:35:37,400 --> 00:35:40,440 Speaker 1: um yeah. And and I think even just just kind 730 00:35:40,440 --> 00:35:43,200 Speaker 1: of like the Internet redefined maybe even what we would 731 00:35:43,239 --> 00:35:46,480 Speaker 1: consider information or like I thought of information before Internet 732 00:35:46,560 --> 00:35:49,080 Speaker 1: was like the newspaper or the evening news, and now 733 00:35:49,120 --> 00:35:51,319 Speaker 1: today it's a kid around the world post a picture 734 00:35:51,320 --> 00:35:52,680 Speaker 1: of the beach, and I know what the surf like, 735 00:35:52,800 --> 00:35:54,440 Speaker 1: I know what the beach is like, the weather all 736 00:35:54,440 --> 00:35:58,440 Speaker 1: these things and so probably redefining what we consider value 737 00:35:59,480 --> 00:36:02,000 Speaker 1: as well, which I think is it's pretty big. You 738 00:36:02,120 --> 00:36:05,239 Speaker 1: just got real deep, because yeah, money is information right, Yeah, 739 00:36:05,320 --> 00:36:09,040 Speaker 1: money is information right. So also, um, you know it's uh, 740 00:36:09,320 --> 00:36:13,439 Speaker 1: it's censorship resistant payments, which I've been making the case 741 00:36:13,480 --> 00:36:17,920 Speaker 1: that without the freedom to transact, there is no freedom. 742 00:36:17,960 --> 00:36:20,719 Speaker 1: So if I don't have freedom of speech, but if 743 00:36:20,719 --> 00:36:23,160 Speaker 1: I can't buy a computer to get on the internet, 744 00:36:23,280 --> 00:36:25,560 Speaker 1: I don't really have any speech. It's I have freedom 745 00:36:25,600 --> 00:36:27,520 Speaker 1: to assemble, but if I can't put gas in my car, 746 00:36:27,600 --> 00:36:31,200 Speaker 1: I can't go assemble with people. I have freedom of religion, 747 00:36:31,200 --> 00:36:33,040 Speaker 1: but if my church can't pay for a building, then 748 00:36:33,080 --> 00:36:36,560 Speaker 1: we have no assemble, you know. So we have that. Um, 749 00:36:36,560 --> 00:36:38,759 Speaker 1: good stuff. Um, you're listening to the Markma Show. We're 750 00:36:38,760 --> 00:36:41,520 Speaker 1: talking about the decentralized revolution that the world is going through. 751 00:36:41,520 --> 00:36:44,600 Speaker 1: Of course we're talking about bitcoin. I'm in the studio 752 00:36:44,640 --> 00:36:48,040 Speaker 1: with Corey Clipston from Swan Bitcoin. You can find them 753 00:36:48,040 --> 00:36:51,280 Speaker 1: on Twitter at Corey Clipston and check out swan bitcoin 754 00:36:51,360 --> 00:36:55,359 Speaker 1: dot com. Um and also if you're interested in getting job, 755 00:36:55,400 --> 00:36:57,960 Speaker 1: you can check out bitcoin or Jobs. You can also 756 00:36:58,040 --> 00:37:01,440 Speaker 1: check out bitcoin or Ventures or alazonte capital. If you're 757 00:37:01,440 --> 00:37:04,759 Speaker 1: looking about getting some money into the bitcoin space. UM, 758 00:37:04,800 --> 00:37:06,719 Speaker 1: that's what I got for you today. Thanks so much 759 00:37:06,760 --> 00:37:07,240 Speaker 1: for listening.