1 00:00:00,000 --> 00:00:02,920 Speaker 1: Hey, everyone, welcome to another episode of The Mark mo Show, 2 00:00:02,920 --> 00:00:05,600 Speaker 1: where of course we're always talking about bitcoin. We're talking 3 00:00:05,600 --> 00:00:09,959 Speaker 1: about cryptocurrencies, we're talking about the decentralized revolution that is coming. 4 00:00:10,920 --> 00:00:12,559 Speaker 1: It's the most important part of your week. You should 5 00:00:12,560 --> 00:00:14,000 Speaker 1: tune in with me each and every week. Make sure 6 00:00:14,040 --> 00:00:16,079 Speaker 1: to grab your phone, put a calendar reminder right now 7 00:00:16,120 --> 00:00:18,040 Speaker 1: for the station that you're listening to this time, and 8 00:00:18,040 --> 00:00:20,800 Speaker 1: I'll be back with you each and every week. Now, 9 00:00:20,840 --> 00:00:23,959 Speaker 1: today I have something special. I'm sitting down in the 10 00:00:24,040 --> 00:00:27,800 Speaker 1: studio with my good friend Peter McCormick. You've probably heard 11 00:00:27,800 --> 00:00:31,720 Speaker 1: of him. He runs the biggest podcast in bitcoin, What 12 00:00:31,760 --> 00:00:34,120 Speaker 1: Bitcoin Did? You should definitely be checking out, And I 13 00:00:34,159 --> 00:00:38,160 Speaker 1: recorded a monster episode with him um yesterday, so stay 14 00:00:38,159 --> 00:00:40,320 Speaker 1: tuned for that coming out. But Peter, thanks so much 15 00:00:40,360 --> 00:00:42,360 Speaker 1: for sitting down with me today. Look, thanks for having 16 00:00:42,400 --> 00:00:44,600 Speaker 1: me Mark. I told you I don't like being a guest, 17 00:00:44,600 --> 00:00:46,360 Speaker 1: but I was very happy to have you on my 18 00:00:46,400 --> 00:00:48,200 Speaker 1: show yesterday. That bols a monst the show. I can't 19 00:00:48,240 --> 00:00:50,040 Speaker 1: wait to get that out. Yeah, I can't wait to 20 00:00:50,040 --> 00:00:51,880 Speaker 1: get that out as well. It was It was fun 21 00:00:51,920 --> 00:00:53,840 Speaker 1: because it was a thesis that I've been working on 22 00:00:53,880 --> 00:00:57,080 Speaker 1: and i've presented to a camera talking on a YouTube 23 00:00:57,120 --> 00:00:58,840 Speaker 1: video gets very lonely, like you're just talking to a 24 00:00:58,880 --> 00:01:00,360 Speaker 1: camera all the time. There's like no if you back, 25 00:01:01,080 --> 00:01:02,560 Speaker 1: and I've done it on stage once or twice. But 26 00:01:02,800 --> 00:01:05,560 Speaker 1: to be able to like discuss it was was super cool. Well, 27 00:01:05,560 --> 00:01:08,720 Speaker 1: I think it's gonna start a chain of sessions we're 28 00:01:08,720 --> 00:01:10,800 Speaker 1: gonna do now. I already know the next one we're 29 00:01:10,800 --> 00:01:13,039 Speaker 1: gonna make following up from that. I can see us 30 00:01:13,080 --> 00:01:14,840 Speaker 1: doing this every six months now, which will be great 31 00:01:14,840 --> 00:01:18,080 Speaker 1: because I think you are an absolute gem and I 32 00:01:18,120 --> 00:01:21,600 Speaker 1: think the knowledge you've brought with this thesis you've got incredible. 33 00:01:21,600 --> 00:01:24,000 Speaker 1: So thank you so much, Thanks Peter. I appreciate that, 34 00:01:24,319 --> 00:01:26,520 Speaker 1: and I would also, you know, say the same compliment 35 00:01:26,560 --> 00:01:29,160 Speaker 1: you as well. Um you know your interviews. I've been 36 00:01:29,160 --> 00:01:30,360 Speaker 1: listened to him for a long time. I think you've 37 00:01:30,400 --> 00:01:34,640 Speaker 1: done like four hundred episodes or something. I think it's 38 00:01:35,360 --> 00:01:38,440 Speaker 1: so several years, and I love I love your approach 39 00:01:38,520 --> 00:01:42,319 Speaker 1: because you're so curious with your questions and so um 40 00:01:42,360 --> 00:01:44,280 Speaker 1: you know, you ask questions that I don't typically think of, 41 00:01:44,360 --> 00:01:46,000 Speaker 1: and I think it's been really good. So i'd recommend 42 00:01:46,000 --> 00:01:48,200 Speaker 1: everyone listen to that. But I want to dig in 43 00:01:48,200 --> 00:01:49,680 Speaker 1: a little bit. I mean, you've been doing this for 44 00:01:49,720 --> 00:01:55,480 Speaker 1: like four years now talking about bitcoin, um, and you've 45 00:01:55,520 --> 00:01:59,160 Speaker 1: been traveling all over the world. I guess, uh, you've 46 00:01:59,200 --> 00:02:02,880 Speaker 1: probably learned a lot from talking to these people. One 47 00:02:02,880 --> 00:02:04,880 Speaker 1: of the things that I think, I like to think 48 00:02:04,920 --> 00:02:08,040 Speaker 1: of bitcoin is like a bait and switch. People come 49 00:02:08,120 --> 00:02:12,320 Speaker 1: in on the price I want to get rich, and 50 00:02:12,360 --> 00:02:13,880 Speaker 1: then we get to the bait and then we get 51 00:02:13,880 --> 00:02:16,720 Speaker 1: switched into going dang, like this is like a technology 52 00:02:16,760 --> 00:02:18,760 Speaker 1: that could like give us freedom or like in the 53 00:02:18,840 --> 00:02:21,160 Speaker 1: state or like things like that. Do you see it 54 00:02:21,200 --> 00:02:23,519 Speaker 1: like something like that? Yeah, I do. I do. I 55 00:02:24,160 --> 00:02:27,160 Speaker 1: think about it like in terms of my life, there's 56 00:02:27,200 --> 00:02:29,959 Speaker 1: like before bitcoin and after bitcoin, which you know it 57 00:02:30,000 --> 00:02:33,400 Speaker 1: sounds a little bit cringe or hyperbolic, but um, I 58 00:02:33,440 --> 00:02:36,840 Speaker 1: think when you start to understand money, and you start 59 00:02:36,840 --> 00:02:39,560 Speaker 1: to understand your relationship with money, it starts to affect 60 00:02:39,720 --> 00:02:43,600 Speaker 1: your relationship with other parts of your life. Historically, before bitcoin, 61 00:02:43,680 --> 00:02:46,600 Speaker 1: I I would say I was one financially literate and 62 00:02:46,639 --> 00:02:49,840 Speaker 1: to financially irresponsible. I've always had good jobs and own 63 00:02:49,880 --> 00:02:52,560 Speaker 1: good money, but I was never really good at conserving 64 00:02:52,600 --> 00:02:55,959 Speaker 1: my capital or deployed particularly well. And I've learned a 65 00:02:56,040 --> 00:02:58,560 Speaker 1: very painful lesson in my first year in bitcoin. And 66 00:02:58,840 --> 00:03:00,960 Speaker 1: you know, I was traded bitcoin also of trading all coins, 67 00:03:01,400 --> 00:03:03,440 Speaker 1: and I made and lost a lot of money very quickly, 68 00:03:03,880 --> 00:03:06,120 Speaker 1: and it was a very painful lesson. But I had 69 00:03:06,160 --> 00:03:07,720 Speaker 1: to kind of do a three six at that point 70 00:03:07,760 --> 00:03:09,800 Speaker 1: and think, Okay, I don't want to do this again. 71 00:03:09,960 --> 00:03:13,000 Speaker 1: This is painful. So I spent time going down the 72 00:03:13,040 --> 00:03:15,600 Speaker 1: rabbit hole. I tried to conserve my capital with bitcoin 73 00:03:15,639 --> 00:03:17,880 Speaker 1: and doing that that kind of brought a whole shift 74 00:03:17,919 --> 00:03:20,160 Speaker 1: to a number of elements of my life in terms 75 00:03:20,200 --> 00:03:23,160 Speaker 1: of thinking about the future and what I want out 76 00:03:23,160 --> 00:03:25,359 Speaker 1: of life. So I just think, what it does? It? 77 00:03:25,600 --> 00:03:29,240 Speaker 1: You know, it teaches you about time preference, something safety. 78 00:03:29,240 --> 00:03:31,840 Speaker 1: He talks about a lot um and that time preference 79 00:03:31,880 --> 00:03:36,600 Speaker 1: thing isn't just a financial thing. It's affects every aspect 80 00:03:36,640 --> 00:03:39,240 Speaker 1: of your alive and then secondary for that and it does. 81 00:03:39,360 --> 00:03:41,920 Speaker 1: This doesn't get everyone, but it has for me. It's 82 00:03:42,720 --> 00:03:49,880 Speaker 1: pushed me closer to thinking about how the world works, governance, democracy, freedom, 83 00:03:50,000 --> 00:03:52,840 Speaker 1: And yeah, I've been you know, not as much as 84 00:03:52,840 --> 00:03:55,000 Speaker 1: some bitcoins, but I've certainly been pushed down that rabbit 85 00:03:55,040 --> 00:03:57,480 Speaker 1: hole just thinking a lot about how the world is 86 00:03:57,520 --> 00:04:00,440 Speaker 1: and how the kind of world we want to live in. Yeah, 87 00:04:00,480 --> 00:04:02,440 Speaker 1: it's uh, it is. It's kind of a bait and 88 00:04:02,480 --> 00:04:04,160 Speaker 1: switch on that way too. It coming in to make yeah, 89 00:04:04,240 --> 00:04:06,040 Speaker 1: coming in to get rich. And then I mean, you're 90 00:04:06,120 --> 00:04:08,200 Speaker 1: stay for the revolution, stay for the revolution. But the 91 00:04:08,240 --> 00:04:10,840 Speaker 1: it's the education revolution, right, It's got all these people 92 00:04:10,880 --> 00:04:13,600 Speaker 1: like interested. I wanted to talk about that. The very 93 00:04:13,600 --> 00:04:15,720 Speaker 1: first show that I did on the station is UM. 94 00:04:15,720 --> 00:04:18,440 Speaker 1: I had Alex Gladstin on, and the reason why I 95 00:04:18,440 --> 00:04:20,080 Speaker 1: had him on is I said, look, the first thing 96 00:04:20,120 --> 00:04:23,320 Speaker 1: I want to talk about is not money. I want 97 00:04:23,360 --> 00:04:25,440 Speaker 1: to talk about human rights. Yes, and I want to 98 00:04:25,560 --> 00:04:28,320 Speaker 1: establish that that's what we're talking about on this show. However, 99 00:04:28,360 --> 00:04:29,840 Speaker 1: of course I still talk about the price on the show, 100 00:04:29,880 --> 00:04:31,920 Speaker 1: because it's the bait and switch. And so we saw 101 00:04:31,960 --> 00:04:35,680 Speaker 1: this week bitcoin's price dipped all the way back down 102 00:04:35,680 --> 00:04:37,720 Speaker 1: to where it was a few weeks ago. Um. The 103 00:04:38,240 --> 00:04:40,240 Speaker 1: new variant, I guess is spook in the markets and 104 00:04:40,279 --> 00:04:44,560 Speaker 1: bitcoins price dip. Is that something that you pay attention to. 105 00:04:45,080 --> 00:04:48,480 Speaker 1: I mean I pay attention to price of course, because 106 00:04:49,440 --> 00:04:51,240 Speaker 1: of my net wealth is in bitcoin, probably more now, 107 00:04:51,320 --> 00:04:53,920 Speaker 1: maybe closer to you know, if you take away my 108 00:04:54,040 --> 00:04:56,240 Speaker 1: assets like my house and my car, it's pretty much 109 00:04:56,240 --> 00:04:58,159 Speaker 1: everything is in bitcoin. So I do pay attention to price. 110 00:04:58,200 --> 00:05:01,840 Speaker 1: But also if you I talked about this with someone 111 00:05:01,920 --> 00:05:04,719 Speaker 1: previously that once you've done four years in bitcoin, it 112 00:05:04,720 --> 00:05:07,520 Speaker 1: becomes easy. It's like your's your first tour of duty 113 00:05:07,560 --> 00:05:09,960 Speaker 1: that starts. Your hands get stronger. Yeah, your hands get stronger, 114 00:05:10,000 --> 00:05:13,440 Speaker 1: and then price affects you less because one you've experienced it, 115 00:05:13,839 --> 00:05:16,280 Speaker 1: but hopefully you've been through one of those ten x five, 116 00:05:16,279 --> 00:05:19,000 Speaker 1: ten x periods. So even though the total number dip 117 00:05:19,160 --> 00:05:22,320 Speaker 1: is quite significant, you should be in a better financial position. 118 00:05:22,720 --> 00:05:25,520 Speaker 1: So I pay attention to price, and I do get 119 00:05:25,520 --> 00:05:27,719 Speaker 1: wrapped up in the excitement when the price runs up, 120 00:05:27,720 --> 00:05:29,400 Speaker 1: but I also try to kind of bring myself back 121 00:05:29,400 --> 00:05:31,479 Speaker 1: and say, well, what does this actually mean? You know, 122 00:05:31,560 --> 00:05:33,840 Speaker 1: what does this mean for other people? But yeah, I 123 00:05:33,880 --> 00:05:35,560 Speaker 1: mean it's it's hard not to get caught up in 124 00:05:35,600 --> 00:05:37,600 Speaker 1: price sometimes. And you know what the interesting on the 125 00:05:37,640 --> 00:05:39,960 Speaker 1: price right now, it's about the same price it was 126 00:05:39,960 --> 00:05:42,919 Speaker 1: in February, which was like, huh really, So if you 127 00:05:42,920 --> 00:05:44,920 Speaker 1: told me that it was a bit of a surprise. Yeah, 128 00:05:44,920 --> 00:05:46,200 Speaker 1: we haven't had a lot of traction this year. I 129 00:05:46,200 --> 00:05:48,200 Speaker 1: mean we jumped from I think we started the year 130 00:05:48,279 --> 00:05:50,560 Speaker 1: thirty thousand, so we're almost double. But I mean it 131 00:05:50,600 --> 00:05:52,560 Speaker 1: jumped really quickly to February to your point, right, and 132 00:05:52,640 --> 00:05:55,280 Speaker 1: we've kind of fallen back down. By the way. You're 133 00:05:55,279 --> 00:05:56,720 Speaker 1: listening to the Mark mar Show, and of course we're 134 00:05:56,720 --> 00:05:58,920 Speaker 1: talking about bitcoin, and I'm sitting in the studio with 135 00:05:58,920 --> 00:06:02,360 Speaker 1: with Peter McCormick for what bitcoin did. Check him out. 136 00:06:03,200 --> 00:06:05,440 Speaker 1: Now we're talking about bitcoin, obviously we're talking about the 137 00:06:05,440 --> 00:06:09,599 Speaker 1: price action. Um. I try to not get too excited 138 00:06:09,600 --> 00:06:11,000 Speaker 1: when the price goes up because I don't want to 139 00:06:11,000 --> 00:06:12,520 Speaker 1: get too excited when it goes up, because I don't 140 00:06:12,560 --> 00:06:14,760 Speaker 1: want to feel like the press when it comes down. 141 00:06:15,680 --> 00:06:19,640 Speaker 1: I constantly say that the price is a distraction, right, 142 00:06:19,680 --> 00:06:23,320 Speaker 1: I mean, if you're in it for the education, the revolution, 143 00:06:23,400 --> 00:06:26,520 Speaker 1: the technology, whatever, the price is just a distraction. I say, 144 00:06:26,520 --> 00:06:28,680 Speaker 1: there's two things that we should really be focusing on, 145 00:06:29,600 --> 00:06:31,480 Speaker 1: not the price. The things we should be focused on 146 00:06:31,480 --> 00:06:33,880 Speaker 1: one and in a new technology, we'd focus on the 147 00:06:33,880 --> 00:06:37,520 Speaker 1: the growth of the network metcast law. Is the network 148 00:06:37,520 --> 00:06:41,560 Speaker 1: expanding and to the development on the network is the 149 00:06:41,760 --> 00:06:43,640 Speaker 1: is the network growing? Is the development happening on the 150 00:06:43,640 --> 00:06:45,360 Speaker 1: network and I think as long as those two things 151 00:06:45,400 --> 00:06:48,560 Speaker 1: continue to grow, then the price takes care of itself. Yeah, 152 00:06:48,560 --> 00:06:50,400 Speaker 1: and that's been happening. I mean, we had a massive 153 00:06:50,440 --> 00:06:52,760 Speaker 1: upgrade to the network, we say with top proods something 154 00:06:52,839 --> 00:06:55,120 Speaker 1: I don't understand fully what it's about, but I'm aware 155 00:06:55,160 --> 00:06:58,880 Speaker 1: of what it brings to the network. We have, interestingly, 156 00:06:58,960 --> 00:07:03,080 Speaker 1: a growing investment in developers in the network. We have 157 00:07:03,120 --> 00:07:07,200 Speaker 1: a decentralization of the developers in the network with you know, 158 00:07:07,279 --> 00:07:09,520 Speaker 1: historically a lot of developers are based out in the US, 159 00:07:09,600 --> 00:07:12,240 Speaker 1: but John Newbery created a brink in the UK to 160 00:07:13,000 --> 00:07:15,120 Speaker 1: support open source derev where a lot of the companies 161 00:07:15,160 --> 00:07:19,040 Speaker 1: have started investing in supporting open sourced coin base, even 162 00:07:19,080 --> 00:07:22,720 Speaker 1: did it um. So that's for me, that reassures me 163 00:07:22,800 --> 00:07:24,680 Speaker 1: that that there are people out there who care for 164 00:07:24,720 --> 00:07:27,320 Speaker 1: the network, care that there's enough developers and ensuring that 165 00:07:27,560 --> 00:07:32,320 Speaker 1: we have this kind of decentralized base of developers. So 166 00:07:32,360 --> 00:07:34,960 Speaker 1: that's super important. But I also agreed, like growth of 167 00:07:35,000 --> 00:07:37,720 Speaker 1: the network and in growth in the network comes with 168 00:07:37,760 --> 00:07:39,480 Speaker 1: a couple of things. There's obviously the amount of people 169 00:07:39,480 --> 00:07:41,880 Speaker 1: are buying and accumulating bitcoin and holding it, which is 170 00:07:41,920 --> 00:07:45,880 Speaker 1: super important, but also just this general awareness that's happening 171 00:07:45,880 --> 00:07:50,119 Speaker 1: with bitcoin, whether it's the institutional adoption, whether it's whether 172 00:07:50,160 --> 00:07:53,360 Speaker 1: it's the media reporting and good or bad. The growth 173 00:07:53,360 --> 00:07:55,560 Speaker 1: in podcast I mean, there's so many podcasts now, so 174 00:07:55,600 --> 00:07:58,240 Speaker 1: that all the things that sit outside of bitcoin itself 175 00:07:58,600 --> 00:08:01,480 Speaker 1: that adds to the network, that support its growth, that 176 00:08:01,520 --> 00:08:04,480 Speaker 1: support the education is also that's super important. And this 177 00:08:04,560 --> 00:08:06,760 Speaker 1: last year, I mean it's funny. It's mark you can 178 00:08:06,800 --> 00:08:09,200 Speaker 1: go online almost every day and see a story which 179 00:08:09,240 --> 00:08:11,160 Speaker 1: is the kind of story four years ago which would 180 00:08:11,160 --> 00:08:13,320 Speaker 1: have had read it going absolutely wild. And we kind 181 00:08:13,320 --> 00:08:15,080 Speaker 1: of stories like that every day. It might be a 182 00:08:15,080 --> 00:08:18,880 Speaker 1: bank in Thailand, it might be an institution in the US, 183 00:08:18,920 --> 00:08:20,880 Speaker 1: it might be what's happening in El Salvador. But there's 184 00:08:20,960 --> 00:08:24,240 Speaker 1: big news constantly happening with bitcoin. And you know, we 185 00:08:24,280 --> 00:08:26,440 Speaker 1: talked about yesterday and you took you know, you mentioned 186 00:08:26,720 --> 00:08:28,840 Speaker 1: the network takes, you know, a period to get to 187 00:08:28,880 --> 00:08:30,840 Speaker 1: ten percent, and the time it takes the ten percent, 188 00:08:30,880 --> 00:08:32,439 Speaker 1: it's the same period it goes from ten to ninety. 189 00:08:32,800 --> 00:08:35,720 Speaker 1: I feel like we're about to do that ten to ninety. Yeah, yeah, 190 00:08:35,720 --> 00:08:38,720 Speaker 1: that's exactly right. So we have the growth of the network, 191 00:08:38,720 --> 00:08:40,880 Speaker 1: like the user base, so that's the Metcalf's lots like 192 00:08:40,920 --> 00:08:43,320 Speaker 1: Dublin is becoming more valuable. And then the development, as 193 00:08:43,320 --> 00:08:45,160 Speaker 1: you said, there's all these people developing. We have all 194 00:08:45,160 --> 00:08:49,720 Speaker 1: these companies developing. This week we had big news of 195 00:08:50,120 --> 00:08:52,960 Speaker 1: maybe an even bigger development happening. And one thing is 196 00:08:53,000 --> 00:08:55,839 Speaker 1: it's the growth of the network, the development, but also 197 00:08:55,960 --> 00:08:59,600 Speaker 1: the mind share that's being sucked into it. We had 198 00:08:59,600 --> 00:09:03,760 Speaker 1: the c foe of Ray Dalio's Bridgewater Capital leave Bridgewater Capital, 199 00:09:03,880 --> 00:09:05,920 Speaker 1: the biggest hedge fund, to go work at a bitcoin company. 200 00:09:06,000 --> 00:09:07,880 Speaker 1: And we had a bigger announcement this week which I 201 00:09:07,880 --> 00:09:10,560 Speaker 1: want to share with you in just a minute. By 202 00:09:10,559 --> 00:09:12,000 Speaker 1: the way, you're listening to the Mark mo Show. We're 203 00:09:12,000 --> 00:09:16,320 Speaker 1: talking about bitcoin, cryptocurrencies in the decentralized Revolution. I'm in 204 00:09:16,320 --> 00:09:18,600 Speaker 1: the studio with my good friend Peter McCormick from the 205 00:09:18,640 --> 00:09:23,800 Speaker 1: host of What Bitcoin Did, and we're talking about ignore 206 00:09:23,840 --> 00:09:26,240 Speaker 1: the price. It's a distraction, but there's two bigger things 207 00:09:26,280 --> 00:09:28,160 Speaker 1: that you should focus on. There was big news this 208 00:09:28,200 --> 00:09:30,199 Speaker 1: week that just broke. I want to discuss when we 209 00:09:30,320 --> 00:09:32,800 Speaker 1: come back from a break. So don't go away, all right, 210 00:09:32,840 --> 00:09:35,040 Speaker 1: welcome back. You are listening to the markma Show, and 211 00:09:35,080 --> 00:09:37,920 Speaker 1: we're talking about bitcoin. Of course, each and every week 212 00:09:37,960 --> 00:09:41,920 Speaker 1: we're talking about cryptocurrencies. We're talking about the de centralized revolution. 213 00:09:42,720 --> 00:09:44,599 Speaker 1: And I'm in the studio with a special guest, my 214 00:09:44,600 --> 00:09:47,640 Speaker 1: good friend Peter McCormick. He's the host of What Bitcoin Did, 215 00:09:48,440 --> 00:09:51,640 Speaker 1: probably the biggest bitcoin only podcast. You should be checking 216 00:09:51,679 --> 00:09:54,480 Speaker 1: it out for sure. I was just on their last 217 00:09:54,640 --> 00:09:56,880 Speaker 1: night recording, so make sure it tuned on that. Now. 218 00:09:56,880 --> 00:09:59,280 Speaker 1: Before the break, we were talking about how the price 219 00:09:59,320 --> 00:10:01,400 Speaker 1: of bitcoin it's down a little bit, all the way 220 00:10:01,400 --> 00:10:02,800 Speaker 1: down to where it was a couple of weeks ago. 221 00:10:03,760 --> 00:10:06,360 Speaker 1: And I was saying, how the bitcoin price is a distraction. 222 00:10:06,840 --> 00:10:09,120 Speaker 1: I think it is the short term prices distraction. We 223 00:10:09,160 --> 00:10:10,719 Speaker 1: want to look at the growth of the network and 224 00:10:10,760 --> 00:10:13,200 Speaker 1: the development of the network. Now, I was teasing that 225 00:10:13,200 --> 00:10:14,760 Speaker 1: there was some big news this week, and that is 226 00:10:14,840 --> 00:10:19,760 Speaker 1: that the CEO of Twitter, Jack Dorsey, stepped down. Um, 227 00:10:19,800 --> 00:10:21,360 Speaker 1: we don't know all the details of that, but he 228 00:10:21,360 --> 00:10:24,479 Speaker 1: stepped down and he's running Square, which he's now rebranded 229 00:10:24,520 --> 00:10:28,360 Speaker 1: from Square to Block. And then he had Square Crypto, 230 00:10:28,440 --> 00:10:31,720 Speaker 1: which was a company that I think helps the bitcoin 231 00:10:31,760 --> 00:10:34,959 Speaker 1: ecosystem grow. They rebranded that to Spiral and the news 232 00:10:34,960 --> 00:10:38,200 Speaker 1: says that Spiral is going to be now funding open 233 00:10:38,240 --> 00:10:42,080 Speaker 1: source dev for bitcoin, and he wanted to change the 234 00:10:42,160 --> 00:10:43,800 Speaker 1: name because he don't want to say crypto. He just 235 00:10:43,840 --> 00:10:48,120 Speaker 1: wanted to be bitcoin only and development on the network, 236 00:10:48,240 --> 00:10:51,760 Speaker 1: stealing some of the best mind share in the world 237 00:10:52,520 --> 00:10:54,920 Speaker 1: to come work to dedicate the rest of his career. 238 00:10:55,000 --> 00:10:56,920 Speaker 1: It seems like on bitcoin, I mean, you gotta be 239 00:10:56,960 --> 00:10:59,319 Speaker 1: bullish on that. Yeah, I mean, I think it's something 240 00:10:59,360 --> 00:11:02,400 Speaker 1: that's been coming or for quite some time. Jack, as 241 00:11:02,480 --> 00:11:06,040 Speaker 1: the CEO of Twitter has it could take a lot 242 00:11:06,040 --> 00:11:09,080 Speaker 1: of flak over this last year or two, specifically with 243 00:11:09,160 --> 00:11:12,760 Speaker 1: regards to censorship on Twitter. And I think there's a 244 00:11:12,800 --> 00:11:15,439 Speaker 1: couple of things that play here. I'm only guessing. I 245 00:11:15,480 --> 00:11:18,480 Speaker 1: can't answer for him. But firstly, whilst he's the CEO, 246 00:11:18,600 --> 00:11:21,120 Speaker 1: there is a board, and there's a management team within 247 00:11:21,160 --> 00:11:23,120 Speaker 1: the company, and the company has a share prize, and 248 00:11:23,160 --> 00:11:27,120 Speaker 1: I think internally there's two pressures. Firstly, it's monetization of Twitter. 249 00:11:27,440 --> 00:11:29,920 Speaker 1: Twitter has always kind of put monetization to the back. 250 00:11:29,960 --> 00:11:32,840 Speaker 1: Whilst it's you know, it does bring in significant revenues, 251 00:11:32,880 --> 00:11:36,160 Speaker 1: it's been way behind something, for example, like Facebook, but 252 00:11:36,720 --> 00:11:39,079 Speaker 1: for the benefit of Twitter, I think of Twitter is 253 00:11:39,120 --> 00:11:41,400 Speaker 1: more like the tortoise and Facebook as the hair. Now 254 00:11:41,400 --> 00:11:44,080 Speaker 1: Facebook is facing the situation when nobody really trusts it. 255 00:11:44,120 --> 00:11:47,200 Speaker 1: No one trusts Huckerberg, and I don't. I don't really 256 00:11:47,200 --> 00:11:49,600 Speaker 1: know the long term position of Facebook is because most 257 00:11:49,600 --> 00:11:51,720 Speaker 1: people I talked it, they're like, I don't really use 258 00:11:51,760 --> 00:11:54,280 Speaker 1: it anymore. I know the kids don't use it. So 259 00:11:54,559 --> 00:11:57,000 Speaker 1: I think he's done a really good job of being 260 00:11:57,040 --> 00:11:59,080 Speaker 1: a steward of Twitter and making sure he doesn't ruin 261 00:11:59,160 --> 00:12:02,480 Speaker 1: the it doesn't ruin the experience of Twitter by filling 262 00:12:02,480 --> 00:12:06,439 Speaker 1: in it with commercial opportunities. I can imagine there is 263 00:12:06,480 --> 00:12:11,400 Speaker 1: some pressure internally to expand the commercial revenue opportunities with Twitter, 264 00:12:11,760 --> 00:12:13,680 Speaker 1: and that may be to the detriment of the experience. 265 00:12:13,679 --> 00:12:15,800 Speaker 1: We've just seen now on my Twitter, Like every time 266 00:12:15,800 --> 00:12:17,480 Speaker 1: there's a tweet, you're going to read the replies, there's 267 00:12:17,480 --> 00:12:19,840 Speaker 1: always an ad there now, and it's just annoying. It 268 00:12:19,960 --> 00:12:22,800 Speaker 1: ruins the experience. So I think that's one pressure. But 269 00:12:22,840 --> 00:12:25,760 Speaker 1: I think the censorship one is a big issue. There 270 00:12:25,760 --> 00:12:28,000 Speaker 1: are a lot of people concerned that the leader of 271 00:12:28,000 --> 00:12:30,120 Speaker 1: the free world, Donald Trump, could be removed from Twitter. 272 00:12:30,160 --> 00:12:32,280 Speaker 1: How he was. I won't get into the what I 273 00:12:32,440 --> 00:12:36,920 Speaker 1: think of that, but there's also been a lot of Yeah, 274 00:12:37,120 --> 00:12:38,439 Speaker 1: there has been a lot of action on Twitter in 275 00:12:38,559 --> 00:12:41,800 Speaker 1: terms of like people being censored or removed for sharing opinions, 276 00:12:42,040 --> 00:12:44,920 Speaker 1: you know, having thoughts discussed some particular topics, you know, 277 00:12:45,559 --> 00:12:49,000 Speaker 1: specifically one with the election and two with COVID. I 278 00:12:49,040 --> 00:12:51,040 Speaker 1: don't think Jack likes this, but I don't think he 279 00:12:51,080 --> 00:12:54,040 Speaker 1: gets to control every decision within the company. And I think, 280 00:12:54,080 --> 00:12:55,559 Speaker 1: you know, is he in it for the money. He 281 00:12:55,600 --> 00:12:57,560 Speaker 1: doesn't need the money. So I think he's such a 282 00:12:57,600 --> 00:13:00,360 Speaker 1: mission driven person. He's realized the best impact he can 283 00:13:00,360 --> 00:13:01,920 Speaker 1: now have on the wall it is with freedom money, 284 00:13:02,000 --> 00:13:04,120 Speaker 1: and it was with bitcoin, and now he's focused on 285 00:13:04,160 --> 00:13:05,760 Speaker 1: that and he's going to work on that, and I 286 00:13:05,840 --> 00:13:07,680 Speaker 1: salute that. I'm a big fan of Jack, so I 287 00:13:07,679 --> 00:13:10,959 Speaker 1: think of him as a proper bitcoin Yeah. Yeah, that's 288 00:13:11,000 --> 00:13:13,439 Speaker 1: a that's that's a good insight into that. By the way, 289 00:13:13,440 --> 00:13:15,760 Speaker 1: you're listening to the Markma Show, we're talking about bitcoin. 290 00:13:15,800 --> 00:13:17,640 Speaker 1: I'm sitting down with Peter McCormick, the host of What 291 00:13:17,679 --> 00:13:21,760 Speaker 1: Bitcoin Did, and we're talking about how bitcoin is sucking 292 00:13:21,800 --> 00:13:23,840 Speaker 1: in some of the greatest mind share in the world. 293 00:13:23,840 --> 00:13:26,440 Speaker 1: And Jack Dorsey, who's built some amazing companies with Square 294 00:13:26,480 --> 00:13:28,560 Speaker 1: and Twitter has now left to go work on bitcoin 295 00:13:28,640 --> 00:13:33,040 Speaker 1: full time. I was saying last night we were talking about, um, 296 00:13:33,080 --> 00:13:35,880 Speaker 1: you know, the direction of the world. Things aren't looking 297 00:13:35,920 --> 00:13:37,440 Speaker 1: so bright in the short term. I think they're right 298 00:13:37,440 --> 00:13:39,720 Speaker 1: in the long term. And I made a comment, I said, 299 00:13:39,840 --> 00:13:43,680 Speaker 1: I'm bullish on what happens when millions of entrepreneurs backs 300 00:13:43,679 --> 00:13:46,760 Speaker 1: are up against the ball. And Jack is one of 301 00:13:46,800 --> 00:13:49,200 Speaker 1: those entrepreneurs, and so, um, you know, you have all 302 00:13:49,240 --> 00:13:52,240 Speaker 1: these people that are like we call them no coiners, 303 00:13:52,440 --> 00:13:57,840 Speaker 1: right or crypto people, and they're like, I think bitcoin's scam. 304 00:13:57,880 --> 00:14:00,880 Speaker 1: I think bitcoin's ridiculous. I think bitcoin's pondsy. Bitcoin is 305 00:14:00,920 --> 00:14:03,040 Speaker 1: never gonna go in whatever it is, right, And I'm like, 306 00:14:03,920 --> 00:14:06,679 Speaker 1: are you smarter than Jack Dorsey? Are you smarter than 307 00:14:06,720 --> 00:14:10,520 Speaker 1: Michael Sailor? Like? Do you put yourself there? I certainly don't. 308 00:14:10,559 --> 00:14:12,920 Speaker 1: I'm humble enough to recognize that. You know, we're all 309 00:14:12,960 --> 00:14:16,160 Speaker 1: geniuses in different ways. But when you see someone like 310 00:14:16,320 --> 00:14:19,400 Speaker 1: Jack at Dorsey leave to go work on bitcoin, I mean, 311 00:14:19,440 --> 00:14:22,080 Speaker 1: it's got to be reassuring, at least for me. Yeah, 312 00:14:22,120 --> 00:14:24,440 Speaker 1: totally reassuring. Look, I mean he has the luxury of 313 00:14:24,520 --> 00:14:27,080 Speaker 1: being able to work on whatever he wants. Not everybody 314 00:14:27,080 --> 00:14:29,080 Speaker 1: has that, But why would he choose that? If that's 315 00:14:29,200 --> 00:14:31,320 Speaker 1: he can do anything he wants. Well, I mean I 316 00:14:31,320 --> 00:14:34,320 Speaker 1: think he's mission driven. What he realized is that important? Yeah, 317 00:14:34,360 --> 00:14:36,960 Speaker 1: I think he realized it's important. He's mission driven. You know, 318 00:14:37,040 --> 00:14:39,880 Speaker 1: he's clearly somebody has a conscience. He clearly has empathy 319 00:14:39,920 --> 00:14:42,320 Speaker 1: in the world. You can see where he supports projects 320 00:14:42,360 --> 00:14:44,360 Speaker 1: and where he puts money towards and he does a 321 00:14:44,360 --> 00:14:46,560 Speaker 1: lot of that while in the face of having a 322 00:14:46,800 --> 00:14:50,040 Speaker 1: huge amount of critics. Um, I just think there's like 323 00:14:50,680 --> 00:14:53,560 Speaker 1: when he comes down to bitcoin versus say, all coins, 324 00:14:53,600 --> 00:14:56,920 Speaker 1: I think it comes down to do you care? Like, 325 00:14:57,000 --> 00:14:59,600 Speaker 1: what do you care about? You know? Because bitcoin is 326 00:14:59,840 --> 00:15:01,640 Speaker 1: a chance to make money, but it's also a mission. 327 00:15:01,720 --> 00:15:04,600 Speaker 1: Like we had a long, deep conversation and that has 328 00:15:05,080 --> 00:15:07,160 Speaker 1: had a profound effect on me. I can't stop thinking 329 00:15:07,160 --> 00:15:09,880 Speaker 1: about it, and it's made me realize the mission here 330 00:15:10,160 --> 00:15:12,200 Speaker 1: is that if we do this, if we separate money 331 00:15:12,200 --> 00:15:15,160 Speaker 1: and state, we create this great form of decentralized money, 332 00:15:15,560 --> 00:15:17,360 Speaker 1: the impact on the world could be profound. It can 333 00:15:17,400 --> 00:15:19,720 Speaker 1: take us away from a very scary outcome that's happening 334 00:15:19,720 --> 00:15:23,000 Speaker 1: now where we are sliding towards totalitarianism across the world 335 00:15:23,440 --> 00:15:25,720 Speaker 1: in places where you wouldn't exist in places that talk 336 00:15:25,720 --> 00:15:28,320 Speaker 1: about freedom, like the US is meant to be the 337 00:15:28,440 --> 00:15:31,400 Speaker 1: front lines of freedom, and Boris Johnson talks about the 338 00:15:31,480 --> 00:15:34,440 Speaker 1: UK being a bastion of freedom. Not really, we are 339 00:15:34,560 --> 00:15:38,080 Speaker 1: slipping into totalitarianism. So yeah, bitcoin is one of the 340 00:15:38,120 --> 00:15:40,680 Speaker 1: most powerful weapons we have. What else would you want 341 00:15:40,720 --> 00:15:44,920 Speaker 1: to work on? Well, both of us sitting here right now, 342 00:15:45,040 --> 00:15:46,440 Speaker 1: by the way, you're listening to the market my show, 343 00:15:46,440 --> 00:15:48,840 Speaker 1: we're talking about bitcoin. We're sitting down with Peter McCormick 344 00:15:48,840 --> 00:15:51,360 Speaker 1: from what bitcoin did, but both of us have decided 345 00:15:51,400 --> 00:15:54,960 Speaker 1: to dedicate our careers to working on bitcoin as well. So, um, 346 00:15:55,000 --> 00:15:58,680 Speaker 1: we've already done it. Obviously Jack's at a whole other level. 347 00:15:59,240 --> 00:16:01,520 Speaker 1: But I mean, it's just assuring and like I said, 348 00:16:01,600 --> 00:16:04,240 Speaker 1: the short term price, it's a distraction. It's gonna take 349 00:16:04,280 --> 00:16:07,400 Speaker 1: care of itself. I think you want to focus on 350 00:16:08,040 --> 00:16:11,080 Speaker 1: I talked about it. I I still am, but I 351 00:16:11,120 --> 00:16:13,000 Speaker 1: started my career as a real estate investor and I 352 00:16:13,040 --> 00:16:15,080 Speaker 1: talked about it like, um, let's say that you know 353 00:16:15,120 --> 00:16:18,240 Speaker 1: outside of town, Um, there's nothing out there. It's like empty, 354 00:16:18,240 --> 00:16:21,760 Speaker 1: and we're at the city council meeting, and they said, hey, 355 00:16:21,800 --> 00:16:24,200 Speaker 1: we're gonna build a new stadium out a footballer stadium 356 00:16:24,200 --> 00:16:27,360 Speaker 1: out there in five years, right, And we're like, dang, tomorrow, 357 00:16:27,440 --> 00:16:29,600 Speaker 1: let's go buy some land around that area because once 358 00:16:29,640 --> 00:16:31,080 Speaker 1: that stadium was gonna be worth a lot of money. 359 00:16:31,240 --> 00:16:33,160 Speaker 1: So we buy the lamb and in a year from 360 00:16:33,200 --> 00:16:37,200 Speaker 1: now the lot next to us is cheaper. What should 361 00:16:37,240 --> 00:16:39,880 Speaker 1: we panic? Should we sell the lot? Well, I don't 362 00:16:39,880 --> 00:16:43,160 Speaker 1: know is the is the stadium still on track, are 363 00:16:43,200 --> 00:16:45,080 Speaker 1: they working on the plans, have they got the permits, 364 00:16:45,120 --> 00:16:46,640 Speaker 1: do they have the funding? And if all those things 365 00:16:46,680 --> 00:16:49,280 Speaker 1: are there, we should maybe buy the cheaper land, right 366 00:16:49,960 --> 00:16:52,000 Speaker 1: or if they found out that there's nuclear waste on 367 00:16:52,040 --> 00:16:54,040 Speaker 1: the land, we'll shoot. We should probably sell as fast 368 00:16:54,040 --> 00:16:56,520 Speaker 1: as we can. And so like the price is dipped, 369 00:16:57,080 --> 00:17:00,200 Speaker 1: but Jack is leaving to go keep working on right. 370 00:17:00,240 --> 00:17:03,680 Speaker 1: The development is still happening. Blocks are still being produced 371 00:17:03,720 --> 00:17:07,800 Speaker 1: every ten minutes um anyway, so there's nothing goes up 372 00:17:07,840 --> 00:17:09,720 Speaker 1: in the straight line, you know, if you go back. 373 00:17:09,720 --> 00:17:12,359 Speaker 1: We talked yesterday about the Internet. I was there at 374 00:17:12,359 --> 00:17:14,800 Speaker 1: the start of the Internet. I was coding HTML pages, 375 00:17:15,200 --> 00:17:18,639 Speaker 1: I was developing websites, and back then I didn't buy 376 00:17:18,680 --> 00:17:21,439 Speaker 1: any shares and companies. But I remember the crash, remember 377 00:17:21,480 --> 00:17:23,840 Speaker 1: pet dot com. I remember with than and you know 378 00:17:23,880 --> 00:17:26,119 Speaker 1: there were survivors. One of the survivors was Amazon, but 379 00:17:26,160 --> 00:17:29,680 Speaker 1: their share price was really hit, dropped from it went 380 00:17:29,720 --> 00:17:32,760 Speaker 1: from five to eighty and then like back down to five. Yeah. 381 00:17:32,840 --> 00:17:34,480 Speaker 1: And you know some people would have thought, oh the 382 00:17:34,520 --> 00:17:36,560 Speaker 1: prices did, maybe I should sell this, maybe I should 383 00:17:36,560 --> 00:17:38,880 Speaker 1: be scared, but smart people accumulated. Look at the share price. 384 00:17:38,920 --> 00:17:41,960 Speaker 1: Now Amazon is like one of the top three largest 385 00:17:41,960 --> 00:17:44,280 Speaker 1: companies in the world. So listen, that's going to happen 386 00:17:44,320 --> 00:17:47,000 Speaker 1: with bitcoin. But the truth is with bitcoin is that 387 00:17:47,080 --> 00:17:49,840 Speaker 1: good money kills bad. Good money kills bad, and bitcoin 388 00:17:49,960 --> 00:17:51,640 Speaker 1: is good money. So whether it goes up and down, 389 00:17:51,680 --> 00:17:54,480 Speaker 1: I don't care. I'm thinking about five to ten years, Mark, 390 00:17:54,680 --> 00:17:56,520 Speaker 1: I'm thinking about what my money means to me then, 391 00:17:56,760 --> 00:17:58,639 Speaker 1: and will bitcoin be worth more than five to ten 392 00:17:58,680 --> 00:18:02,679 Speaker 1: years certainly. Yeah. You're listening to the markma Show. We're 393 00:18:02,680 --> 00:18:05,360 Speaker 1: sitting down with Peter McCormick, the host of What Bitcoin Did, 394 00:18:05,400 --> 00:18:09,200 Speaker 1: probably the largest podcast in the bitcoin space, and we're 395 00:18:09,200 --> 00:18:11,240 Speaker 1: gonna be right back all right, Welcome back. You are 396 00:18:11,280 --> 00:18:13,760 Speaker 1: listening to the Mark Moa Show, where we are talking 397 00:18:13,800 --> 00:18:17,080 Speaker 1: about bitcoin each and every week. Make sure pull out 398 00:18:17,080 --> 00:18:19,440 Speaker 1: your phone put a reminder join me each and every week. 399 00:18:19,480 --> 00:18:22,240 Speaker 1: It's going to be the most profitable, the most important 400 00:18:22,240 --> 00:18:26,840 Speaker 1: part of your week talking about bitcoin the largest. It's 401 00:18:26,880 --> 00:18:29,159 Speaker 1: it's what I call the largest asymmetric opportunity will ever 402 00:18:29,200 --> 00:18:31,280 Speaker 1: have in our life. And the way that you participate 403 00:18:31,320 --> 00:18:35,159 Speaker 1: in asymmetric opportunity is by having asymmetric information. You've got 404 00:18:35,240 --> 00:18:37,399 Speaker 1: to know information that most people don't have, and the 405 00:18:37,440 --> 00:18:41,280 Speaker 1: majority of people don't have this information about bitcoin, which 406 00:18:41,320 --> 00:18:43,760 Speaker 1: is why you should join me each and every week 407 00:18:43,800 --> 00:18:46,560 Speaker 1: so I can give you that asymmetric information. Now, today 408 00:18:46,600 --> 00:18:48,760 Speaker 1: I'm in the studio with Peter McCormick, the host of 409 00:18:48,760 --> 00:18:52,760 Speaker 1: Whip Bitcoin did, and we're talking about specifically right now 410 00:18:52,800 --> 00:18:56,119 Speaker 1: about how the prices is a bait and switch. People 411 00:18:56,160 --> 00:18:58,120 Speaker 1: come in for the price and then they get switched. 412 00:18:58,359 --> 00:19:01,680 Speaker 1: We talked about how um it's a short term distraction. 413 00:19:01,720 --> 00:19:03,760 Speaker 1: I think we should be focusing on the growth of 414 00:19:03,760 --> 00:19:05,359 Speaker 1: the network and the development, and of course we have 415 00:19:05,440 --> 00:19:09,600 Speaker 1: massive development. Even bigger development is something Peter, that you've 416 00:19:09,600 --> 00:19:12,400 Speaker 1: been involved with from the beginning, and that's El Salvador 417 00:19:13,160 --> 00:19:15,000 Speaker 1: Um and I know you've been going down there for 418 00:19:15,040 --> 00:19:16,960 Speaker 1: a couple of years now, I think right about two years, 419 00:19:17,000 --> 00:19:20,119 Speaker 1: about two years now, and obviously at this point, I mean, 420 00:19:20,160 --> 00:19:21,639 Speaker 1: if you're listening to the show, you've probably heard me 421 00:19:21,640 --> 00:19:24,320 Speaker 1: talking about bitcoin in El Salvador. I've been down there 422 00:19:24,359 --> 00:19:28,760 Speaker 1: as well. Big news, right, they've it's a currency there. 423 00:19:28,960 --> 00:19:32,280 Speaker 1: Now they have the bitcoin bonds. Um, it's big news. 424 00:19:32,440 --> 00:19:34,960 Speaker 1: It's development, it's growth of the network. Now there's a 425 00:19:35,000 --> 00:19:37,520 Speaker 1: few million users down there, I think, and then there's 426 00:19:37,560 --> 00:19:39,760 Speaker 1: development on the networks and now they're doing bonds and 427 00:19:39,800 --> 00:19:42,520 Speaker 1: they have their own apps and things like that. UM, 428 00:19:42,840 --> 00:19:45,440 Speaker 1: talk to us about those early days when you started 429 00:19:45,480 --> 00:19:48,040 Speaker 1: going down there. Yeah. So what happened was I was 430 00:19:48,080 --> 00:19:51,040 Speaker 1: in I requaied for the bit Confident and stood outside 431 00:19:51,080 --> 00:19:54,480 Speaker 1: the hotel. Michael Peterson comes up and introduced him, introducing 432 00:19:54,520 --> 00:19:56,320 Speaker 1: himself to me and said, I just want to tell 433 00:19:56,320 --> 00:19:58,240 Speaker 1: you about this project I've got in El Salvador. It's 434 00:19:58,800 --> 00:20:01,639 Speaker 1: helping kids girls the street avoid gangs and and a 435 00:20:01,640 --> 00:20:03,119 Speaker 1: bit of money and we're doing it with bitcoin. And 436 00:20:03,119 --> 00:20:04,800 Speaker 1: I was like, oh, it sounds cool. He's like yeah. 437 00:20:05,160 --> 00:20:07,560 Speaker 1: I was like, well, let me just give me a second. 438 00:20:07,640 --> 00:20:09,000 Speaker 1: I just went on my phone and I found a 439 00:20:09,040 --> 00:20:11,000 Speaker 1: fly and said I can come there in two days. 440 00:20:11,080 --> 00:20:12,920 Speaker 1: You tell me about it. So I quarter fled to 441 00:20:12,960 --> 00:20:15,040 Speaker 1: Panama and then a flight from Panama to El Salvador, 442 00:20:15,240 --> 00:20:16,440 Speaker 1: and I went down and saw the project. But it 443 00:20:16,520 --> 00:20:18,640 Speaker 1: was small, and I was like, yeah, it's just cool, 444 00:20:18,680 --> 00:20:21,000 Speaker 1: this is cute. Whatever forgot all about it, you know. 445 00:20:21,000 --> 00:20:22,680 Speaker 1: I stayed in touch with Michael, but it didn't think 446 00:20:22,760 --> 00:20:24,680 Speaker 1: much of it. I didn't think this was the seed 447 00:20:25,080 --> 00:20:28,240 Speaker 1: that would grow to be a country making bitcoin legal tender. 448 00:20:28,760 --> 00:20:31,240 Speaker 1: And then Jack Marl has headed down there. Our mutual 449 00:20:31,240 --> 00:20:34,400 Speaker 1: friend Jack went down there, you know, brought strike down there, 450 00:20:34,400 --> 00:20:36,880 Speaker 1: and then he had a meeting with the president and 451 00:20:36,920 --> 00:20:39,160 Speaker 1: here we are. You know, in two years, it's gone 452 00:20:39,200 --> 00:20:42,600 Speaker 1: from that small seed planted by Michael Peterson to be 453 00:20:42,640 --> 00:20:47,000 Speaker 1: the first country to adopt bitcoin, which is incredible. Yeah, yeah, 454 00:20:47,040 --> 00:20:50,040 Speaker 1: it is incredible. I love how it seemed to work. 455 00:20:50,080 --> 00:20:51,879 Speaker 1: And you correct me if I'm wrong, but it seems 456 00:20:51,920 --> 00:20:55,879 Speaker 1: like it was a bottom up approach, right, So it 457 00:20:55,960 --> 00:20:59,200 Speaker 1: was started as a little community plant. Um it did 458 00:20:59,240 --> 00:21:01,080 Speaker 1: good for the community. You kind of grew from there 459 00:21:01,119 --> 00:21:03,439 Speaker 1: and then I'm guessing and you tell me, but it 460 00:21:03,480 --> 00:21:06,840 Speaker 1: seems like maybe the president saw what was going on 461 00:21:06,880 --> 00:21:09,080 Speaker 1: down there and said, dang, like, what the heck is 462 00:21:09,080 --> 00:21:11,959 Speaker 1: going on? Oh? Bitcoin, that's pretty cool, let's make it bigger. 463 00:21:12,000 --> 00:21:13,760 Speaker 1: Is that kind of happened? Well? Yeah, I mean, look, 464 00:21:13,800 --> 00:21:17,000 Speaker 1: he's a president who's much more in touch with the 465 00:21:17,040 --> 00:21:19,480 Speaker 1: modern world than most leaders of them because he's worked 466 00:21:19,520 --> 00:21:22,720 Speaker 1: forty years old instead of Biden that's eighty or whatever. 467 00:21:23,160 --> 00:21:25,000 Speaker 1: He's really in touch and touch with the young people. 468 00:21:25,119 --> 00:21:27,640 Speaker 1: And he's somebody who's obviously cares about his own career. 469 00:21:27,640 --> 00:21:30,200 Speaker 1: But look, Bitcoin, the history of bitcoin has been about outliers. 470 00:21:30,480 --> 00:21:32,879 Speaker 1: People are brave enough to consider this. And you know, 471 00:21:33,280 --> 00:21:35,119 Speaker 1: in the early days, it was the cipher punks, and 472 00:21:35,119 --> 00:21:37,720 Speaker 1: then some few nerds came and got involved and started 473 00:21:37,760 --> 00:21:40,520 Speaker 1: accumulating bitcoin and put themselves on a bitcoin standard. And 474 00:21:40,560 --> 00:21:42,159 Speaker 1: then we moved to have a company going to a 475 00:21:42,160 --> 00:21:44,320 Speaker 1: bitcoin standard, which was micro Strategy, and now we have 476 00:21:44,320 --> 00:21:47,720 Speaker 1: a country. These are just natural steps. And every single 477 00:21:47,800 --> 00:21:51,040 Speaker 1: time the brave outlies have been proven right. They've been 478 00:21:51,040 --> 00:21:53,639 Speaker 1: proven right in their choice, they've been proven right economically, 479 00:21:53,880 --> 00:21:55,920 Speaker 1: and they've reaped the benefits. And do you know what. 480 00:21:56,240 --> 00:21:58,960 Speaker 1: El Salvador has had a tough history of gang violence 481 00:21:58,960 --> 00:22:01,359 Speaker 1: and war, something that they always want to move on 482 00:22:01,440 --> 00:22:03,320 Speaker 1: from the President said, we don't want to be known 483 00:22:03,320 --> 00:22:05,000 Speaker 1: for this, and now they're going to be known for 484 00:22:05,040 --> 00:22:08,560 Speaker 1: something else. And I am entirely confident without I don't 485 00:22:08,560 --> 00:22:10,400 Speaker 1: even have to be in confident in Boukeley, but I'm 486 00:22:10,520 --> 00:22:13,119 Speaker 1: entirely confident in the country reaping the benefits from this. 487 00:22:13,240 --> 00:22:16,720 Speaker 1: And you know, once this bond sells, this first bitcoin bond, 488 00:22:16,760 --> 00:22:18,359 Speaker 1: once they raise a billion and put that into that, 489 00:22:18,960 --> 00:22:20,679 Speaker 1: other countries are going to look and go, what hold on, 490 00:22:20,760 --> 00:22:23,320 Speaker 1: we can raise money on the open market without the 491 00:22:23,400 --> 00:22:25,840 Speaker 1: I m F. And this is a bond people want 492 00:22:25,840 --> 00:22:27,920 Speaker 1: to put money into, and we can invest this money 493 00:22:27,920 --> 00:22:29,840 Speaker 1: and grow a country. And we have this sound money. 494 00:22:29,840 --> 00:22:32,720 Speaker 1: Basis why when other countries look at this, other countries 495 00:22:32,760 --> 00:22:35,440 Speaker 1: who were struggling. So this is this is just the 496 00:22:35,480 --> 00:22:38,280 Speaker 1: one another big part in the revolution. And look, Mark, 497 00:22:38,359 --> 00:22:40,520 Speaker 1: one thing I think about is, you know, if this 498 00:22:40,600 --> 00:22:43,199 Speaker 1: works in a few decades, people going to look back 499 00:22:43,240 --> 00:22:45,760 Speaker 1: and go, the world is a very different place. Now. 500 00:22:45,800 --> 00:22:48,120 Speaker 1: What happened with this bitcoin thing? What is the story? 501 00:22:48,480 --> 00:22:50,520 Speaker 1: You know, this thing that changed the world. You talk 502 00:22:50,600 --> 00:22:55,120 Speaker 1: about different technologies. I talked about the engines that move markets. 503 00:22:55,520 --> 00:22:58,320 Speaker 1: You know, I believe bitcoin is akin to the light bulb, 504 00:22:58,400 --> 00:23:01,439 Speaker 1: to electricity, to the railroad. It is something that's going 505 00:23:01,480 --> 00:23:05,120 Speaker 1: to shift the world mainly for the mainly for the better, 506 00:23:05,359 --> 00:23:07,600 Speaker 1: the better. So why else would you want to work 507 00:23:07,600 --> 00:23:09,280 Speaker 1: on this. You can look back and go I was 508 00:23:09,359 --> 00:23:11,720 Speaker 1: part of this. I did my bit to help this 509 00:23:11,840 --> 00:23:16,080 Speaker 1: change happened. I think. I think it's really exciting. Yeah, 510 00:23:16,359 --> 00:23:18,240 Speaker 1: if you're just tuning in, you're listening to the Markma Show, 511 00:23:18,240 --> 00:23:21,280 Speaker 1: we're talking about bitcoin. Of course, each and every week, 512 00:23:21,280 --> 00:23:23,560 Speaker 1: the decentralized revolution is happening. I'm sitting down in the 513 00:23:23,560 --> 00:23:25,880 Speaker 1: studio with Peter McCormick, the host of What Bitcoin Did, 514 00:23:26,320 --> 00:23:27,840 Speaker 1: and we were talking about the growth of the network 515 00:23:27,840 --> 00:23:29,880 Speaker 1: and the development. We're talking about El Savadoor right now. 516 00:23:29,920 --> 00:23:32,800 Speaker 1: Just to catch you up. Um, you mentioned earlier that 517 00:23:33,480 --> 00:23:35,320 Speaker 1: you know, the United States is supposed to be the 518 00:23:35,400 --> 00:23:37,600 Speaker 1: land of the free, and then you mentioned Boris Johnson 519 00:23:37,600 --> 00:23:39,680 Speaker 1: from the UK. Of course we're here from he wants 520 00:23:39,720 --> 00:23:41,840 Speaker 1: it to be the bastion of freedom, I think you said, 521 00:23:41,920 --> 00:23:44,400 Speaker 1: or whatever. If that's the bastion of liberty, we got 522 00:23:44,400 --> 00:23:46,880 Speaker 1: a problem in our on our hands. And and look 523 00:23:46,920 --> 00:23:49,760 Speaker 1: at back to El savador Um. In the last couple 524 00:23:49,760 --> 00:23:53,879 Speaker 1: of weeks, Um, the President removed all restrictions and all 525 00:23:53,920 --> 00:23:56,600 Speaker 1: mandates from getting in and out of the country, COVID 526 00:23:56,640 --> 00:24:00,159 Speaker 1: restrictions mandates. In regards to that, Um announced a the 527 00:24:00,160 --> 00:24:02,680 Speaker 1: Bitcoin City where you can anybody can come and start 528 00:24:02,760 --> 00:24:05,320 Speaker 1: building and you can have a business with no cap 529 00:24:05,359 --> 00:24:09,880 Speaker 1: gain taxes and no income taxes. Um and he's basically 530 00:24:09,920 --> 00:24:13,920 Speaker 1: made an open invitation to come live your best life, 531 00:24:14,000 --> 00:24:16,800 Speaker 1: have the chase life, liberty and the pursuit of happiness 532 00:24:16,840 --> 00:24:19,800 Speaker 1: and property, build your businesses, he said. He's I think 533 00:24:19,840 --> 00:24:22,240 Speaker 1: he said come and make as much money as you want. 534 00:24:23,160 --> 00:24:25,800 Speaker 1: That seems like a bastion of liberty. I mean, it's 535 00:24:25,840 --> 00:24:28,040 Speaker 1: a it's a stark contrast to the United States and 536 00:24:28,080 --> 00:24:32,240 Speaker 1: the UK. Well I interviewed Mayor Frances here in Miami 537 00:24:32,720 --> 00:24:37,359 Speaker 1: yesterday and they they're very similar characters. And and the 538 00:24:37,400 --> 00:24:40,359 Speaker 1: thing that I think is really like the thing I 539 00:24:40,119 --> 00:24:43,200 Speaker 1: don't identified with both of them, they actually operate like CEOs. 540 00:24:43,359 --> 00:24:46,320 Speaker 1: They don't operate like political leaders. They operate like CEOs. 541 00:24:46,359 --> 00:24:49,240 Speaker 1: They run the jurisdiction, whether it's the whole country or 542 00:24:49,280 --> 00:24:51,600 Speaker 1: else Alvador, the city of Miami. They running like a 543 00:24:51,640 --> 00:24:54,440 Speaker 1: company and they're looking to grow that company, and they're 544 00:24:54,440 --> 00:24:56,760 Speaker 1: looking to serve the people who work for that company, 545 00:24:56,800 --> 00:25:00,399 Speaker 1: the constituents, And I mean that's really the way should be. 546 00:25:00,960 --> 00:25:03,400 Speaker 1: Politicians are meant to be there to serve us, that's 547 00:25:03,440 --> 00:25:06,600 Speaker 1: the voters and the constituents. We're not meant to serve them. 548 00:25:06,680 --> 00:25:09,040 Speaker 1: I feel like, I feel like if you look at 549 00:25:09,040 --> 00:25:11,919 Speaker 1: what's happening in Europe, the UK, and the US Australia, 550 00:25:12,160 --> 00:25:14,840 Speaker 1: it's got to the point now we serve them. We 551 00:25:14,920 --> 00:25:17,520 Speaker 1: are the people that serve them, and we are we 552 00:25:17,600 --> 00:25:20,960 Speaker 1: are subserving to their needs and their wants, and we're 553 00:25:20,960 --> 00:25:24,320 Speaker 1: almost being parented by people who are essentially morons. People 554 00:25:24,320 --> 00:25:26,080 Speaker 1: I don't I wouldn't trust to run a company. You 555 00:25:26,080 --> 00:25:27,879 Speaker 1: wouldn't hire any of them. I wouldn't hire any of them. 556 00:25:27,880 --> 00:25:31,320 Speaker 1: That these people are idiots. So it's a really it's 557 00:25:31,400 --> 00:25:33,320 Speaker 1: really interesting position that puts US in where we've got 558 00:25:33,359 --> 00:25:35,919 Speaker 1: these opportunities. Now it's like, well, I you know, the 559 00:25:35,960 --> 00:25:38,240 Speaker 1: US has it better because you know, you have the 560 00:25:38,240 --> 00:25:40,040 Speaker 1: state rights and you have the ability to move from 561 00:25:40,080 --> 00:25:41,760 Speaker 1: state to state, and it's not perfect, but it's better 562 00:25:41,760 --> 00:25:43,560 Speaker 1: than what we have in the Utue. But we now 563 00:25:43,600 --> 00:25:47,000 Speaker 1: have as a sovereign individuals on international basis. I can 564 00:25:47,119 --> 00:25:49,000 Speaker 1: leave the UK, I can go and live in El 565 00:25:49,040 --> 00:25:52,880 Speaker 1: Salvador and live a freer, happier life potentially, And having 566 00:25:52,880 --> 00:25:55,000 Speaker 1: that optionality is one of the things that I think 567 00:25:55,000 --> 00:25:59,080 Speaker 1: we'll drive bit coming forward. Bitcoinners are getting wealthier and wealthier, 568 00:25:59,280 --> 00:26:01,000 Speaker 1: and they have the and to take that capital and 569 00:26:01,040 --> 00:26:04,080 Speaker 1: their wealth wherever they wanted to deploy it. He's recognized that, 570 00:26:04,320 --> 00:26:06,159 Speaker 1: and I think this is a real shift in the 571 00:26:06,200 --> 00:26:10,200 Speaker 1: way countries and you know, maybe states and cities will 572 00:26:10,200 --> 00:26:14,160 Speaker 1: be wrong when people suddenly realize the benefits of bitcoin. Yeah, 573 00:26:14,480 --> 00:26:16,520 Speaker 1: that's a great point. And it adds on to what 574 00:26:16,600 --> 00:26:18,440 Speaker 1: we were talking about last night, which is kind of 575 00:26:18,480 --> 00:26:20,160 Speaker 1: the direction the world is going. And I was making 576 00:26:20,200 --> 00:26:24,480 Speaker 1: the case, um that obviously the world is trending towards authoritarianism. 577 00:26:24,520 --> 00:26:26,560 Speaker 1: And I don't believe that thing that breaks that is war. 578 00:26:26,720 --> 00:26:29,240 Speaker 1: I think the thing that breaks that as competition. And 579 00:26:29,320 --> 00:26:31,159 Speaker 1: that's exactly what you're talking about, right. We have the 580 00:26:31,200 --> 00:26:33,480 Speaker 1: ability to go move and take our wealth with us. 581 00:26:34,280 --> 00:26:37,000 Speaker 1: Of course, if your wealth is in real estate, you 582 00:26:37,040 --> 00:26:39,800 Speaker 1: can't take that anywhere. Um, if your wealth is in 583 00:26:39,840 --> 00:26:41,720 Speaker 1: the bank, a lot of times they don't let you 584 00:26:41,720 --> 00:26:43,639 Speaker 1: take that with you either. You can't carry gold with you, 585 00:26:43,720 --> 00:26:46,440 Speaker 1: so what do you do? Bitcoin is really the only 586 00:26:46,480 --> 00:26:49,479 Speaker 1: option for that. I want to get more into that 587 00:26:49,920 --> 00:26:53,440 Speaker 1: the competition side. Um, you had mentioned last night, the 588 00:26:53,480 --> 00:26:56,920 Speaker 1: butterfly effect. Let's let's talk about where we think this 589 00:26:57,160 --> 00:27:01,320 Speaker 1: can go. Um, we'll game plan, we'll we'll game that 590 00:27:01,320 --> 00:27:02,919 Speaker 1: out a little bit. By the way, you're listening to 591 00:27:02,960 --> 00:27:06,120 Speaker 1: the Mark Moss Show. We're talking about bitcoin. We're talking 592 00:27:06,119 --> 00:27:10,080 Speaker 1: about the giant decentralized revolution that is changing the world. 593 00:27:10,800 --> 00:27:14,080 Speaker 1: Not just a new technology it's going to make things 594 00:27:14,119 --> 00:27:17,200 Speaker 1: increminentally better, but a new technological revolution that will literally 595 00:27:17,520 --> 00:27:21,280 Speaker 1: change the way humanity works. So you want to know 596 00:27:21,320 --> 00:27:23,480 Speaker 1: about this, you want to participate in this. It's the 597 00:27:23,480 --> 00:27:26,360 Speaker 1: greatest wealth transfer you'll ever see. Make sure you're tune 598 00:27:26,400 --> 00:27:29,320 Speaker 1: in with me. We're gonna be right back with Peter McCormick, 599 00:27:29,320 --> 00:27:31,680 Speaker 1: the host of Whip Bitcoin did so, don't go away, 600 00:27:31,920 --> 00:27:33,880 Speaker 1: all right, Welcome back. You are listening to the Mark 601 00:27:33,960 --> 00:27:37,120 Speaker 1: mo Show where we're talking about bitcoin, talking about cryptocurrencies, 602 00:27:37,160 --> 00:27:41,959 Speaker 1: and we're talking about the decentralized revolution. It's gonna be big, 603 00:27:42,320 --> 00:27:44,320 Speaker 1: it's gonna change the world. You don't want to miss 604 00:27:44,320 --> 00:27:46,800 Speaker 1: out on this. And I think. By the way, I'm 605 00:27:46,800 --> 00:27:48,520 Speaker 1: sitting in the studio with my good friend Peter McCormick, 606 00:27:48,560 --> 00:27:51,080 Speaker 1: the host of What Bitcoin Did. You can find them 607 00:27:51,080 --> 00:27:54,359 Speaker 1: on Twitter at Peter McCormick, and of course I'm on Twitter. 608 00:27:54,520 --> 00:27:57,800 Speaker 1: At one Mark Moss shout out at us, asks a 609 00:27:57,880 --> 00:27:59,160 Speaker 1: question and tell us you heard us on the radio. 610 00:27:59,800 --> 00:28:02,440 Speaker 1: We're talking about bit woin. We're talking about how, um, 611 00:28:02,480 --> 00:28:04,919 Speaker 1: it's the prices of distraction, how it's pulling in some 612 00:28:05,000 --> 00:28:07,000 Speaker 1: of the greatest mind share in the world. Like like 613 00:28:07,080 --> 00:28:09,960 Speaker 1: Jack Dorsey left Twitter, he's now working on bitcoin full time. 614 00:28:10,359 --> 00:28:13,639 Speaker 1: And we have countries now like El Savadoor that adopting it. H. 615 00:28:13,880 --> 00:28:16,639 Speaker 1: We were talking earlier about how um you I call 616 00:28:16,720 --> 00:28:18,359 Speaker 1: it debate and switch, we get sucked in and then 617 00:28:18,400 --> 00:28:22,240 Speaker 1: we want to increase our freedom, our education. UM. Now 618 00:28:22,280 --> 00:28:25,200 Speaker 1: we're seeing it being used for freedom and economic freedom, 619 00:28:25,240 --> 00:28:29,119 Speaker 1: financial freedom and even potentially um personal freedom right if 620 00:28:29,119 --> 00:28:31,040 Speaker 1: you moved to a country like El Savador that says 621 00:28:31,080 --> 00:28:34,360 Speaker 1: come and be free. Um. And in contrast of countries 622 00:28:34,560 --> 00:28:35,840 Speaker 1: in the UK and the US that are trying to 623 00:28:35,840 --> 00:28:39,480 Speaker 1: lock people down even more. I think we both agree 624 00:28:39,840 --> 00:28:42,320 Speaker 1: um with Jack, that it's probably the most important thing 625 00:28:42,360 --> 00:28:44,000 Speaker 1: that we can be working on right now, which of 626 00:28:44,000 --> 00:28:47,240 Speaker 1: course why we're both working on at full time. Um. 627 00:28:47,320 --> 00:28:49,280 Speaker 1: One thing that I would want to talk about is 628 00:28:49,320 --> 00:28:52,320 Speaker 1: how can other people get involved with this? Now? I 629 00:28:52,320 --> 00:28:54,960 Speaker 1: know you're a marketing guy, you're a business guy, um, 630 00:28:54,960 --> 00:28:56,440 Speaker 1: and so you've had a lot of businesses and you've 631 00:28:56,480 --> 00:29:01,160 Speaker 1: kind of found a way. So there's content creation, there's development. 632 00:29:01,360 --> 00:29:04,320 Speaker 1: I mean, but I think there's just like Jack just 633 00:29:04,360 --> 00:29:05,920 Speaker 1: like asked them, and there's no greater thing to work on. 634 00:29:05,960 --> 00:29:08,000 Speaker 1: So what do you think about the average person, like, 635 00:29:08,600 --> 00:29:11,840 Speaker 1: how could they get involved with this? With this revolution? Yeah, 636 00:29:11,840 --> 00:29:14,320 Speaker 1: it's a it's a great question. Um. I get a 637 00:29:14,320 --> 00:29:17,280 Speaker 1: lot of emails of listeners saying do you have a job, 638 00:29:17,400 --> 00:29:18,680 Speaker 1: or how do we get a job? Or how do 639 00:29:18,680 --> 00:29:20,760 Speaker 1: I get involved in bigco. I think it grabs people. Mark. 640 00:29:20,800 --> 00:29:23,000 Speaker 1: I think people once they've gone down that Rabbet hole 641 00:29:23,040 --> 00:29:25,320 Speaker 1: and they've had that kind of like orange build moment, 642 00:29:25,320 --> 00:29:26,920 Speaker 1: that like this is all I want to work on. 643 00:29:27,240 --> 00:29:28,560 Speaker 1: I think there's a number of things you can do. 644 00:29:28,600 --> 00:29:30,560 Speaker 1: I mean, firstly, you can just look for a job 645 00:29:30,600 --> 00:29:32,880 Speaker 1: in bigcoint go and work for a bitcoin company. But 646 00:29:32,920 --> 00:29:34,800 Speaker 1: if you if you want to keep your job, you 647 00:29:34,800 --> 00:29:37,440 Speaker 1: want to do something else. You can create content. I mean, 648 00:29:37,960 --> 00:29:40,160 Speaker 1: I've got a podcast. You've got a podcast. When I 649 00:29:40,240 --> 00:29:42,120 Speaker 1: launched it had zero listeners, and I think I had 650 00:29:42,160 --> 00:29:44,880 Speaker 1: a thousand followers on Twitter and launched a podcast, and 651 00:29:44,920 --> 00:29:46,600 Speaker 1: then I have maybe a hundred listeners and it just 652 00:29:46,640 --> 00:29:48,840 Speaker 1: grew and grow and grow. So you can launch a podcast, 653 00:29:48,960 --> 00:29:50,680 Speaker 1: you can write, you can just set up a medium 654 00:29:50,680 --> 00:29:53,440 Speaker 1: blog starts sharing your ideas, running your ideas out. You 655 00:29:53,480 --> 00:29:56,000 Speaker 1: can run and start a meetup. You can go to meetups, 656 00:29:56,280 --> 00:29:58,320 Speaker 1: you can go to events and meet people. The great 657 00:29:58,360 --> 00:30:00,880 Speaker 1: thing about the bitcoin community is that whilst it can 658 00:30:00,880 --> 00:30:03,200 Speaker 1: be fractured, it's also super tight and you can go 659 00:30:03,200 --> 00:30:04,440 Speaker 1: to any city in the world and you can go 660 00:30:04,480 --> 00:30:06,040 Speaker 1: to a meetup and you'll find a bunch of people 661 00:30:06,040 --> 00:30:08,040 Speaker 1: who can become friends overnight and you can talk to 662 00:30:08,040 --> 00:30:10,880 Speaker 1: you about bitcoin. So there's lots of opportunity out there. 663 00:30:11,200 --> 00:30:14,640 Speaker 1: Content creation is a really easy first step. You know, 664 00:30:15,160 --> 00:30:17,040 Speaker 1: with a few dollars, like a hundred dollars, you can 665 00:30:17,040 --> 00:30:19,200 Speaker 1: probably set up a podcast. You can use your mobile, 666 00:30:19,520 --> 00:30:21,640 Speaker 1: you can sign up to a website like Anchor, and 667 00:30:21,680 --> 00:30:23,880 Speaker 1: you can just publish your shows and you can sell 668 00:30:24,000 --> 00:30:26,440 Speaker 1: sign up to something. Our medium just start riding straight away. 669 00:30:26,720 --> 00:30:28,960 Speaker 1: There's so much opportunity out there. And the more people 670 00:30:29,000 --> 00:30:31,760 Speaker 1: who jump on board and do this, who work in bitcoin, 671 00:30:31,840 --> 00:30:34,720 Speaker 1: who work for bitcoin companies, who create content, the bigger 672 00:30:34,720 --> 00:30:36,960 Speaker 1: this network grows, and the fast that we get to 673 00:30:37,000 --> 00:30:40,280 Speaker 1: that point where we actually have bitcoin out there, we 674 00:30:40,320 --> 00:30:42,400 Speaker 1: actually have bitcoin out there being used by as many people, 675 00:30:42,400 --> 00:30:45,520 Speaker 1: and we start to push forward this decentralized revolution. Like 676 00:30:45,600 --> 00:30:49,920 Speaker 1: everybody is part of this. You, I, the listeners, the riders, 677 00:30:50,000 --> 00:30:52,680 Speaker 1: the developers, everyone's part of this. And everyone can be 678 00:30:52,800 --> 00:30:55,760 Speaker 1: part of this. Yeah they can. And so I mean, one, 679 00:30:55,960 --> 00:30:58,080 Speaker 1: you could just pay attention and learn, and then you 680 00:30:58,080 --> 00:31:00,000 Speaker 1: could just share that with your friends and your family 681 00:31:00,040 --> 00:31:02,000 Speaker 1: wa locally of course, and then of course if you 682 00:31:02,040 --> 00:31:03,400 Speaker 1: want to take it to the next level. I just 683 00:31:03,480 --> 00:31:07,600 Speaker 1: hired a research assistant and writer from Australia, some kid 684 00:31:07,640 --> 00:31:09,880 Speaker 1: that's just started writing. You put out a couple of 685 00:31:09,880 --> 00:31:11,680 Speaker 1: good blogs and they caught my eye and I was like, 686 00:31:11,920 --> 00:31:15,560 Speaker 1: I'll hire you. Done right, Um so content creation writing. 687 00:31:16,240 --> 00:31:18,719 Speaker 1: UM I started a YouTube channel a couple of years ago. 688 00:31:18,720 --> 00:31:20,200 Speaker 1: You can grab your phone and just go live right 689 00:31:20,200 --> 00:31:22,040 Speaker 1: from your phone. I mean, so there's that. There's a 690 00:31:22,080 --> 00:31:24,040 Speaker 1: million ways that you can do it, I think, Um, 691 00:31:24,080 --> 00:31:26,120 Speaker 1: if you're more into like the coding and that type 692 00:31:26,120 --> 00:31:28,200 Speaker 1: of stuff, which I'm not, but I think there's gonna 693 00:31:28,200 --> 00:31:31,160 Speaker 1: be massive demand. And from some some of my friends 694 00:31:31,160 --> 00:31:33,080 Speaker 1: that are building in the bitcoin space, they tell me 695 00:31:33,160 --> 00:31:36,440 Speaker 1: that the bitcoin space is going to be overwhelmed with 696 00:31:36,560 --> 00:31:39,880 Speaker 1: the need for people that can develop and code and 697 00:31:39,920 --> 00:31:42,440 Speaker 1: things like that on it. So there's those types of opportunities. 698 00:31:42,880 --> 00:31:47,320 Speaker 1: It's kind of endless, even um, I mean, even making 699 00:31:47,360 --> 00:31:49,880 Speaker 1: products that are geared for the bitcoin industry. You were 700 00:31:49,920 --> 00:31:51,520 Speaker 1: talking about I don't know if you want to talk 701 00:31:51,520 --> 00:31:55,719 Speaker 1: about the football thing, but you were talking about Um, 702 00:31:56,360 --> 00:31:58,400 Speaker 1: I'm from the US, so we call football something different, 703 00:31:58,480 --> 00:32:01,400 Speaker 1: but I did. I did grew up playing soccer though, 704 00:32:01,560 --> 00:32:03,120 Speaker 1: um I think. I mean, it's one of the biggest 705 00:32:03,120 --> 00:32:05,440 Speaker 1: sports in the world. Um, it's not in the United 706 00:32:05,440 --> 00:32:07,680 Speaker 1: States for some reason. But you were talking about how 707 00:32:07,880 --> 00:32:10,200 Speaker 1: you have started a club or bought a club that 708 00:32:10,240 --> 00:32:12,880 Speaker 1: you're hoping to grow. Um. And when you were laying 709 00:32:12,920 --> 00:32:14,880 Speaker 1: that plan out for me last night, what was interesting 710 00:32:15,000 --> 00:32:17,200 Speaker 1: is you think you can grow it from a small 711 00:32:17,240 --> 00:32:21,720 Speaker 1: team to a premier team by focusing on bitcoin. Yeah. Absolutely, Look, 712 00:32:21,840 --> 00:32:24,360 Speaker 1: there's two things that are conversion at the same time, 713 00:32:24,400 --> 00:32:26,800 Speaker 1: it's a personal goal that I've always had to own 714 00:32:26,840 --> 00:32:29,440 Speaker 1: my local club Bedford and get them in the Football League. 715 00:32:29,760 --> 00:32:32,240 Speaker 1: And the need to communicate all the desire to communicate 716 00:32:32,280 --> 00:32:34,760 Speaker 1: bitcoin and what it means to people. So what better 717 00:32:34,760 --> 00:32:38,400 Speaker 1: way bring the two together. Football is a UK British 718 00:32:38,640 --> 00:32:42,640 Speaker 1: European football, not you call a soccer um. It is 719 00:32:42,680 --> 00:32:46,520 Speaker 1: an industry which is run on whilst having billions and 720 00:32:46,520 --> 00:32:49,520 Speaker 1: billions pounds going into it. It's on tight lines, like 721 00:32:49,560 --> 00:32:51,960 Speaker 1: a lot of clubs go into administration. I think sixty 722 00:32:52,000 --> 00:32:54,880 Speaker 1: of the eighty there's been sixty clubs going into administration 723 00:32:54,920 --> 00:32:57,760 Speaker 1: in the last thirty years. I mean, that's ridiculous. It's 724 00:32:57,800 --> 00:33:01,040 Speaker 1: because football is expensive, because players are pensive, but it 725 00:33:01,240 --> 00:33:04,440 Speaker 1: really is a symptom of feat money. You know, these 726 00:33:04,440 --> 00:33:07,960 Speaker 1: clubs are in Barcelona, I think are hundreds of millions 727 00:33:07,960 --> 00:33:10,959 Speaker 1: in debt, same with Real Madrid. These are debt based 728 00:33:11,480 --> 00:33:14,640 Speaker 1: companies buying players they can't afford with the desire to win, 729 00:33:15,120 --> 00:33:17,280 Speaker 1: but doing it on a feed standard. And I'm like, well, 730 00:33:17,360 --> 00:33:19,640 Speaker 1: let's do the opposite. Let's go on a bitcoin standard. 731 00:33:19,680 --> 00:33:23,040 Speaker 1: Let's build a club that builds wealth and capital, not debt, 732 00:33:23,320 --> 00:33:25,600 Speaker 1: not be debt based and at the same time doing that. 733 00:33:25,640 --> 00:33:27,920 Speaker 1: If we get this right, we can climb through the 734 00:33:28,000 --> 00:33:30,680 Speaker 1: league's and we can communicate the benefits of bitcoin to 735 00:33:30,760 --> 00:33:33,320 Speaker 1: the billions of people around the world who love football. 736 00:33:33,600 --> 00:33:35,400 Speaker 1: So to me, the too conversion at the same time, 737 00:33:35,400 --> 00:33:37,440 Speaker 1: and it's going to be a hell of a ride. Yeah. 738 00:33:37,440 --> 00:33:39,440 Speaker 1: So some of your ideas were like I think branding 739 00:33:39,440 --> 00:33:41,840 Speaker 1: the jersey of course with some bitcoin staff, and I 740 00:33:41,840 --> 00:33:45,440 Speaker 1: mean like really kind of using bitcoin as the kind 741 00:33:45,440 --> 00:33:48,280 Speaker 1: of like almost like a marketing angle kind of thing. 742 00:33:48,320 --> 00:33:50,920 Speaker 1: I mean, well, I've got leverage marketing having the bitcoin 743 00:33:50,960 --> 00:33:54,280 Speaker 1: show that you know, decent sized following on Twitter. I 744 00:33:54,360 --> 00:33:56,320 Speaker 1: have advantage over all the other small clubs in the 745 00:33:56,320 --> 00:33:58,680 Speaker 1: same league I'm in in that I can create a 746 00:33:58,720 --> 00:34:01,160 Speaker 1: shirt and I can sell no fulle sell thousands of these, 747 00:34:01,200 --> 00:34:03,720 Speaker 1: and I can sell sponsorship to bitcoin companies, and I 748 00:34:03,720 --> 00:34:06,760 Speaker 1: can use a pr marketing plan to communicate our go 749 00:34:07,040 --> 00:34:10,200 Speaker 1: go globally and hopefully create a global brand the football 750 00:34:10,200 --> 00:34:12,360 Speaker 1: club that the bitcoin is followed. So that gives me 751 00:34:12,440 --> 00:34:14,960 Speaker 1: an advantage over all these other clubs, and that I 752 00:34:15,000 --> 00:34:18,160 Speaker 1: can I've got a bigger fan base to tap into 753 00:34:18,239 --> 00:34:20,640 Speaker 1: and a bigger revenue model to tap into. But with 754 00:34:20,719 --> 00:34:23,360 Speaker 1: that we take the profits we hold in bitcoin. We 755 00:34:23,440 --> 00:34:26,200 Speaker 1: have sound money and we don't have there, so to me, 756 00:34:26,239 --> 00:34:28,880 Speaker 1: all these things converge at the same time to essentially 757 00:34:28,880 --> 00:34:31,560 Speaker 1: disrupt an industry and kind of show that things can 758 00:34:31,560 --> 00:34:33,960 Speaker 1: be done differently. But like a bitcoin standard can be 759 00:34:34,160 --> 00:34:36,600 Speaker 1: for anyone. It can be for an individual, a country, 760 00:34:36,840 --> 00:34:39,200 Speaker 1: a company, a football club, it can be for any 761 00:34:39,200 --> 00:34:41,719 Speaker 1: of them. We're just going to be the first football club. Yeah, 762 00:34:42,200 --> 00:34:43,680 Speaker 1: we we only have a couple of minutes left. But 763 00:34:43,719 --> 00:34:46,000 Speaker 1: give us the short version of the plan which you 764 00:34:46,080 --> 00:34:47,719 Speaker 1: kind of laid out last night. If if you're okay 765 00:34:47,719 --> 00:34:51,040 Speaker 1: with that, which is raising the money in bitcoin, holding 766 00:34:51,040 --> 00:34:53,400 Speaker 1: it in bitcoin, letting it grow, borrowing against the bitcoin, 767 00:34:53,760 --> 00:34:56,000 Speaker 1: and then you think you can basically get the team 768 00:34:56,080 --> 00:34:57,640 Speaker 1: up to the Premier league. Give us a short roosion 769 00:34:57,640 --> 00:35:00,279 Speaker 1: of that. Yeah, you pretty much nailed it. So first 770 00:35:00,280 --> 00:35:03,600 Speaker 1: few years we don't need a treasury. We can in 771 00:35:03,680 --> 00:35:06,879 Speaker 1: terms of a commerce and sending our merchandise and sending sponsorships. 772 00:35:07,200 --> 00:35:09,839 Speaker 1: We can bring in way more money than it costs 773 00:35:09,880 --> 00:35:11,880 Speaker 1: to run the club, and that allows us to get 774 00:35:11,920 --> 00:35:13,880 Speaker 1: the best players to move up through the leagues. But 775 00:35:13,920 --> 00:35:15,640 Speaker 1: at the same time, I want to do a fan offering, 776 00:35:15,680 --> 00:35:17,760 Speaker 1: and I want to raise a significant amount of capital 777 00:35:17,760 --> 00:35:20,080 Speaker 1: and hold that in a bitcoin treasury. And listen, if 778 00:35:20,080 --> 00:35:22,720 Speaker 1: bitcoin does what it does, then that treasury will grow 779 00:35:23,080 --> 00:35:25,040 Speaker 1: faster than we can use it. And even if it 780 00:35:25,080 --> 00:35:26,560 Speaker 1: gets to the point we want to use part of it, 781 00:35:26,640 --> 00:35:28,640 Speaker 1: say you know, we get to the football league and 782 00:35:28,680 --> 00:35:31,600 Speaker 1: we need to expand the ground. Rather than sell the bitcoin, 783 00:35:31,680 --> 00:35:34,400 Speaker 1: will borrow against the bitcoin so we don't have to 784 00:35:34,440 --> 00:35:37,720 Speaker 1: sell it, so our sound money keeps appreciating value. Honestly, 785 00:35:37,760 --> 00:35:39,880 Speaker 1: people think going to think I'm ridiculous with this. Nobody's 786 00:35:39,880 --> 00:35:41,840 Speaker 1: gonna think I can do this. Everyone's gonna laugh at me. 787 00:35:42,120 --> 00:35:44,080 Speaker 1: But I know my plan is my plan is sound 788 00:35:44,120 --> 00:35:46,520 Speaker 1: because my plan is based on sound money. My plan 789 00:35:46,600 --> 00:35:49,319 Speaker 1: is based on a bitcoin standard, and that's absolutely changed. 790 00:35:49,360 --> 00:35:52,080 Speaker 1: My life is changed. Michael Sailor's life is changing the 791 00:35:52,080 --> 00:35:54,560 Speaker 1: lives of people in El Salvador. So we're just gonna 792 00:35:54,560 --> 00:35:56,239 Speaker 1: be the first football club on a bitcoin standard, and 793 00:35:56,239 --> 00:35:57,480 Speaker 1: we're going to go out there and we're gonna make 794 00:35:57,480 --> 00:35:59,719 Speaker 1: this happen. I love the plan, and I think it's 795 00:35:59,760 --> 00:36:01,640 Speaker 1: got a good chance of success. I mean, obviously there's 796 00:36:01,640 --> 00:36:03,839 Speaker 1: a bunch of variables there, um and that goes back 797 00:36:03,880 --> 00:36:06,040 Speaker 1: to just what we were talking about last night about 798 00:36:06,320 --> 00:36:08,320 Speaker 1: a lot of people are wondering what the future holds, 799 00:36:08,640 --> 00:36:10,839 Speaker 1: and will the dollar remain the reserve currency, or will 800 00:36:10,840 --> 00:36:13,879 Speaker 1: we go back to a gold standard or whatever? Will 801 00:36:13,880 --> 00:36:15,719 Speaker 1: the Chinese you want to take over? But they're all 802 00:36:15,719 --> 00:36:18,560 Speaker 1: looking for the centralized answer. But the future is decentralized, 803 00:36:18,640 --> 00:36:21,200 Speaker 1: and so I'm on these I'm on the standard. You 804 00:36:21,200 --> 00:36:23,440 Speaker 1: are you're starting a football team that's on the standard, 805 00:36:23,520 --> 00:36:27,160 Speaker 1: you know, corporate players like Michael Strategy and then countries 806 00:36:27,280 --> 00:36:30,960 Speaker 1: like Al Salvador. So the future is decentralized, and it 807 00:36:31,000 --> 00:36:33,359 Speaker 1: starts with each of us, every each and every one 808 00:36:33,400 --> 00:36:35,880 Speaker 1: of you listening right now, which are listening to the 809 00:36:35,920 --> 00:36:37,920 Speaker 1: Mark Moa Show, and we're talking about bitcoin each and 810 00:36:37,960 --> 00:36:40,880 Speaker 1: every week. We're talking about the decentralized revolution, which is 811 00:36:41,400 --> 00:36:42,960 Speaker 1: the biggest wealth transfer over see. I've been in the 812 00:36:42,960 --> 00:36:44,880 Speaker 1: studio with my good friend Peter McCormick, the host of 813 00:36:44,920 --> 00:36:47,719 Speaker 1: What Bitcoin Did. Check them out and make sure put 814 00:36:47,719 --> 00:36:50,600 Speaker 1: a calendar reminder on your phone for this channel at 815 00:36:50,640 --> 00:36:53,040 Speaker 1: this time each and every week. It will be the biggest, 816 00:36:53,160 --> 00:36:55,760 Speaker 1: the most profitable part of your week. Thanks for listening.