1 00:00:00,080 --> 00:00:02,680 Speaker 1: Hey everyone, welcome back to another episode of The Mark 2 00:00:02,880 --> 00:00:06,040 Speaker 1: Moss Show, and we are of course talking about bitcoin. 3 00:00:06,120 --> 00:00:10,840 Speaker 1: We're talking about cryptocurrencies in this decentralized revolution that is 4 00:00:10,880 --> 00:00:13,960 Speaker 1: happening right now. As I like to say, this is 5 00:00:14,040 --> 00:00:17,279 Speaker 1: the biggest opportunity that you'll ever see in your life. 6 00:00:17,280 --> 00:00:20,159 Speaker 1: And it's literally going to change the world as we 7 00:00:20,200 --> 00:00:22,640 Speaker 1: see it. And so make sure you tune in each 8 00:00:22,640 --> 00:00:25,479 Speaker 1: and every week, make a note of this time, this channel, 9 00:00:25,960 --> 00:00:28,760 Speaker 1: and get back here so you do not miss out. 10 00:00:29,600 --> 00:00:32,640 Speaker 1: I try to explain to you what's going on and 11 00:00:32,720 --> 00:00:36,000 Speaker 1: most importantly why you should care. You know, it's important 12 00:00:36,000 --> 00:00:39,680 Speaker 1: to understand this you can take advantage of the opportunity. Otherwise, Um, 13 00:00:39,720 --> 00:00:41,760 Speaker 1: if you don't understand, you get shaken out, like as 14 00:00:41,760 --> 00:00:44,120 Speaker 1: we call them, the weekends, the paper hands that don't 15 00:00:44,159 --> 00:00:47,879 Speaker 1: really understand what's at stake, what we're doing here. So, um, 16 00:00:47,880 --> 00:00:50,559 Speaker 1: this week, I have a good friend actually sitting in 17 00:00:50,600 --> 00:00:53,920 Speaker 1: the studio with me. I got Alex Fetzki. Let's love Alex. 18 00:00:54,200 --> 00:00:56,040 Speaker 1: What's up? Man, I am. I can look here in 19 00:00:56,040 --> 00:00:58,840 Speaker 1: the eye now this is this is this is great. Yeah, man, 20 00:00:59,200 --> 00:01:01,040 Speaker 1: this is ah, this is great. I love doing him 21 00:01:01,080 --> 00:01:05,280 Speaker 1: in in uh in person and actually you're back at 22 00:01:05,360 --> 00:01:07,560 Speaker 1: You were the first guest for the first episode that 23 00:01:07,600 --> 00:01:10,920 Speaker 1: I did about six weeks ago. I think, so it's 24 00:01:11,040 --> 00:01:13,040 Speaker 1: been that long. I think it's been I think it's 25 00:01:13,080 --> 00:01:14,720 Speaker 1: been about six weeks. I think it was like the 26 00:01:14,720 --> 00:01:18,679 Speaker 1: first week of October, the last six weeks ago. Man. Honestly, well, 27 00:01:18,720 --> 00:01:21,039 Speaker 1: we've both both been working so dang hard trying to 28 00:01:21,080 --> 00:01:24,959 Speaker 1: save the world, right, dude, I have no idea where 29 00:01:24,959 --> 00:01:28,600 Speaker 1: the time is going. So alex Is alex is a 30 00:01:28,600 --> 00:01:31,039 Speaker 1: good friend. He's from Australia, but he's been on the 31 00:01:31,120 --> 00:01:34,520 Speaker 1: run because Australia was locked down and he was out 32 00:01:34,520 --> 00:01:36,280 Speaker 1: of the country and he hasn't been back. So he's 33 00:01:36,319 --> 00:01:41,360 Speaker 1: living this digital nomad life, um, and working on building 34 00:01:41,360 --> 00:01:44,880 Speaker 1: a project on on bitcoin Amber. It's a new app 35 00:01:44,920 --> 00:01:49,080 Speaker 1: that's going to revolutionize the way people, uh spend money online. 36 00:01:49,240 --> 00:01:52,080 Speaker 1: We'll say that much. Um, I think it's pretty cool. 37 00:01:52,280 --> 00:01:55,160 Speaker 1: How is how is uh? How is living a nomad 38 00:01:55,240 --> 00:01:57,880 Speaker 1: life and trying to run a bitcoin company at the 39 00:01:57,960 --> 00:02:00,960 Speaker 1: same time. It's um, it's act sleep. I'm gonna answer 40 00:02:01,000 --> 00:02:02,880 Speaker 1: it this way. So I'm traveling with my girlfriend at 41 00:02:02,920 --> 00:02:07,720 Speaker 1: the moment, and it's really it's insane. How far go 42 00:02:07,880 --> 00:02:09,480 Speaker 1: in the world is at the moment, because it's like 43 00:02:09,560 --> 00:02:13,160 Speaker 1: every time we part, for example, we're not sure if 44 00:02:13,160 --> 00:02:15,919 Speaker 1: we're ever going to see each other again. And it's 45 00:02:15,919 --> 00:02:18,840 Speaker 1: it's it's so insane, Like I think about it now, 46 00:02:18,880 --> 00:02:21,440 Speaker 1: it's like the first time I we you know, we 47 00:02:21,440 --> 00:02:23,960 Speaker 1: we met in Costa Rica six months ago whatever it was. 48 00:02:24,040 --> 00:02:25,760 Speaker 1: So then I left to come into the US and 49 00:02:25,800 --> 00:02:27,400 Speaker 1: I had no idea what was going to happen. It's like, 50 00:02:27,440 --> 00:02:29,400 Speaker 1: you know, they weren't letting people across the land borders 51 00:02:29,480 --> 00:02:33,240 Speaker 1: or this restriction, that restriction essential travel non essential travel, 52 00:02:33,280 --> 00:02:36,360 Speaker 1: like you can't make heads and tails of anything. Um. 53 00:02:36,440 --> 00:02:39,480 Speaker 1: And you know we had that experience, you know, coming 54 00:02:39,480 --> 00:02:43,000 Speaker 1: across and then later it was from from Salvador back 55 00:02:43,040 --> 00:02:47,160 Speaker 1: into the US, and then recently from um it's been 56 00:02:47,200 --> 00:02:51,560 Speaker 1: a republic as well. So it's just like it's absolutely 57 00:02:51,800 --> 00:02:56,119 Speaker 1: insane where I mean, the government has managed to take 58 00:02:56,160 --> 00:02:58,800 Speaker 1: something that used to be an enjoyable process travel and 59 00:02:59,040 --> 00:03:04,680 Speaker 1: literally death made it most ugly, nerve wracking, anxiety creating 60 00:03:05,120 --> 00:03:08,040 Speaker 1: process on the planet. Now lay at that with UM, 61 00:03:08,600 --> 00:03:11,919 Speaker 1: we're trying to run a business, I mean luckily luckily 62 00:03:12,200 --> 00:03:14,640 Speaker 1: and crush like you know what we're doing as a 63 00:03:14,639 --> 00:03:19,120 Speaker 1: bitcoin company is digital in nature. So let's say I 64 00:03:19,120 --> 00:03:22,560 Speaker 1: get stuck in Mexico or Costa Eco or wherever, I 65 00:03:22,560 --> 00:03:25,000 Speaker 1: can still work there. So long as I've so long 66 00:03:25,040 --> 00:03:26,679 Speaker 1: as I have internet, you know, we can still run 67 00:03:26,680 --> 00:03:30,200 Speaker 1: a business. And but it's just you actually can't make 68 00:03:30,200 --> 00:03:33,000 Speaker 1: plans like human beings need to be able to make 69 00:03:33,000 --> 00:03:35,760 Speaker 1: plans in order to make the future better, and you 70 00:03:35,800 --> 00:03:37,040 Speaker 1: need to be able to execute on the plan at 71 00:03:37,040 --> 00:03:42,840 Speaker 1: the moment. You have to have long term perspective. Anyway, 72 00:03:43,040 --> 00:03:45,400 Speaker 1: we're we're we're sitting here recording right now, by the way, 73 00:03:45,400 --> 00:03:47,480 Speaker 1: you listening to Mark my show. We're talking about bitcoin, 74 00:03:47,560 --> 00:03:51,480 Speaker 1: and I'm actually recording from Miami, Florida, not my home, um, 75 00:03:51,560 --> 00:03:53,360 Speaker 1: and We're sitting here in a hotel suite with all 76 00:03:53,360 --> 00:03:56,280 Speaker 1: the equipment on the on the on the counter, which 77 00:03:56,280 --> 00:03:58,560 Speaker 1: is pretty cool. But I'm having a live event, the 78 00:03:58,560 --> 00:04:01,640 Speaker 1: market Disruptors, live dot com m event happening here. And 79 00:04:02,640 --> 00:04:04,160 Speaker 1: you know, my business managers like, no, we need to 80 00:04:04,200 --> 00:04:06,040 Speaker 1: do it next next year. We don't have enough time 81 00:04:06,080 --> 00:04:08,960 Speaker 1: to get this planned. And because we kind of put 82 00:04:08,960 --> 00:04:10,840 Speaker 1: it together in less than ninety days, and I'm like, 83 00:04:11,120 --> 00:04:12,920 Speaker 1: I don't know if we can have it next year. 84 00:04:13,480 --> 00:04:15,520 Speaker 1: I don't know where we'll even have it. Like the 85 00:04:15,560 --> 00:04:19,200 Speaker 1: world is changing that fast, and just like you, like, um, 86 00:04:19,320 --> 00:04:22,040 Speaker 1: nothing good comes quick. You have to have long term planning. 87 00:04:22,120 --> 00:04:24,520 Speaker 1: And just to your point you said, um, the world 88 00:04:24,560 --> 00:04:28,000 Speaker 1: is changing so fast, I would say traditionally that's a 89 00:04:28,000 --> 00:04:30,839 Speaker 1: good thing. Like the world changing and adapting and transforming 90 00:04:30,839 --> 00:04:33,560 Speaker 1: and evolving is good. At the moment, it's not changing, 91 00:04:34,360 --> 00:04:36,400 Speaker 1: So maybe what we can say is that it's not 92 00:04:36,440 --> 00:04:39,160 Speaker 1: progressing anymore. The world is not progressing, like I would 93 00:04:39,240 --> 00:04:42,080 Speaker 1: argue that things are getting worse every month or every 94 00:04:42,160 --> 00:04:45,320 Speaker 1: quarter every year, Like there is complete uncertainty and an 95 00:04:45,360 --> 00:04:48,120 Speaker 1: inability to make a plan more than three months out. 96 00:04:48,120 --> 00:04:53,520 Speaker 1: At the moment, you have no idea. What moronic idea 97 00:04:54,080 --> 00:04:56,280 Speaker 1: the next politician who wants to make a name for 98 00:04:56,320 --> 00:04:59,039 Speaker 1: himself is going to come up with when he rolls 99 00:04:59,080 --> 00:05:01,440 Speaker 1: out of bed, and and you don't know what impact 100 00:05:01,440 --> 00:05:04,480 Speaker 1: that's going to have on your business, your family, your 101 00:05:05,200 --> 00:05:08,560 Speaker 1: your real estate, your house, your money, your bank account. 102 00:05:09,960 --> 00:05:13,680 Speaker 1: Uncertainty cross the board. It's it's madness uncertainty. So I 103 00:05:13,720 --> 00:05:15,640 Speaker 1: was writing a bunch of copy on the plane over 104 00:05:15,680 --> 00:05:17,520 Speaker 1: here this morning from Puerto Rico and I was writing 105 00:05:17,520 --> 00:05:20,720 Speaker 1: about uncertainty, and so, UM, with uncertainty, you know, we 106 00:05:20,760 --> 00:05:23,599 Speaker 1: don't know exactly how things are going to unfold. And 107 00:05:23,640 --> 00:05:28,240 Speaker 1: I was saying, how, um, with uncertainty, the way to 108 00:05:28,279 --> 00:05:31,720 Speaker 1: beat uncertainty is to have more options optionality, and so 109 00:05:31,760 --> 00:05:34,480 Speaker 1: we have to have more options. I guess that's one way. 110 00:05:35,040 --> 00:05:36,919 Speaker 1: How do you think about that? Well? So, so I 111 00:05:36,960 --> 00:05:40,839 Speaker 1: look at um. Tony Robbins has a really great framework 112 00:05:41,000 --> 00:05:43,839 Speaker 1: for understanding human needs, right, and he breaks it up 113 00:05:43,880 --> 00:05:49,200 Speaker 1: into certainty, uncertainty, significance, love, than growth, and contribution and 114 00:05:49,400 --> 00:05:53,120 Speaker 1: each kind of like UM, part of a the polar 115 00:05:53,200 --> 00:05:56,280 Speaker 1: on their spectrum. Right, So, uncertainty is the opposite of certainty. Now, 116 00:05:56,360 --> 00:05:58,320 Speaker 1: you need to meet all needs in some way, shape 117 00:05:58,400 --> 00:06:01,520 Speaker 1: or form, right now, most people, you know, they they 118 00:06:02,200 --> 00:06:06,599 Speaker 1: gravitate towards you know, particular needs. Most people find themselves 119 00:06:06,600 --> 00:06:09,640 Speaker 1: in a certainty and significance needs, but they find you know, 120 00:06:09,760 --> 00:06:13,000 Speaker 1: really poor vehicles to meet those, etcetera, etcetera. But uncertainly 121 00:06:13,040 --> 00:06:15,599 Speaker 1: is an interesting one because a lot of people avoid 122 00:06:15,800 --> 00:06:17,599 Speaker 1: uncertainty and they never sort of meet that. They end 123 00:06:17,680 --> 00:06:20,479 Speaker 1: up you know, living quite drab lives, you know that 124 00:06:20,520 --> 00:06:23,200 Speaker 1: are just sort of monotonous, and they feel comfortable because 125 00:06:23,200 --> 00:06:25,840 Speaker 1: their desire for certainty is so much greater and uncertainty. 126 00:06:25,960 --> 00:06:30,080 Speaker 1: And your point about optionalities, that is a vehicle for 127 00:06:31,000 --> 00:06:34,040 Speaker 1: managing uncertainty. Now we all need to meet in some way, 128 00:06:34,080 --> 00:06:38,040 Speaker 1: shape or form, and being able to to live in 129 00:06:38,360 --> 00:06:43,240 Speaker 1: an uncertain um, in an uncertain environment and still be 130 00:06:43,520 --> 00:06:47,800 Speaker 1: internally certain is actually a rare skill and a very 131 00:06:47,800 --> 00:06:52,800 Speaker 1: important skill. But in a world in which absolutely everything 132 00:06:52,839 --> 00:06:55,120 Speaker 1: is uncertain, it's like it's it's kind of like running 133 00:06:55,120 --> 00:06:58,560 Speaker 1: on top of quicksand like and you know, there's a 134 00:06:58,720 --> 00:07:01,240 Speaker 1: there's a there's a dem nishing level of options. Like 135 00:07:01,279 --> 00:07:04,480 Speaker 1: I've become very comfortable with being uncertain. I haven't had 136 00:07:04,480 --> 00:07:08,279 Speaker 1: a home base forever two years. Now, I'm you know, 137 00:07:08,440 --> 00:07:11,960 Speaker 1: I live out of a suitcase. I'm super super light. UM. 138 00:07:12,000 --> 00:07:14,480 Speaker 1: I have optionality in the fact that I can basically 139 00:07:14,920 --> 00:07:19,800 Speaker 1: go everywhere. Um. I have um, you know, let's let's 140 00:07:19,800 --> 00:07:23,640 Speaker 1: call it a paperwork that allows me to travel in 141 00:07:24,000 --> 00:07:27,560 Speaker 1: all sorts of places. And and I've created as much 142 00:07:27,600 --> 00:07:31,360 Speaker 1: optionality as I can and as much lightness, so I'm 143 00:07:31,360 --> 00:07:35,680 Speaker 1: not carrying lots of baggage metaphorically and literally speaking. But 144 00:07:35,760 --> 00:07:39,760 Speaker 1: again it's you know, it's a gift in some senses, 145 00:07:39,800 --> 00:07:42,960 Speaker 1: and it's taught me a very valuable skill at least 146 00:07:43,080 --> 00:07:45,200 Speaker 1: for what I think will be really important over the 147 00:07:45,200 --> 00:07:50,640 Speaker 1: coming five ten years. But I'm not. Um. Despite me 148 00:07:50,760 --> 00:07:54,440 Speaker 1: having managed to cope and thrive in this scenario, it's 149 00:07:54,440 --> 00:07:57,720 Speaker 1: not a nice way to live well because you can't. 150 00:07:57,760 --> 00:07:59,880 Speaker 1: You can't you can't plan. You know, you think of 151 00:08:00,000 --> 00:08:02,440 Speaker 1: out I was in what I was writing today, I 152 00:08:02,480 --> 00:08:05,280 Speaker 1: was saying, it's uh, probably probably not that much different 153 00:08:05,320 --> 00:08:07,960 Speaker 1: than um, you know, war torn countries. You know, people 154 00:08:07,960 --> 00:08:11,560 Speaker 1: in Syria or even recently in Afghanistan like grab what 155 00:08:11,680 --> 00:08:13,320 Speaker 1: you can and hop on a plane and like I 156 00:08:13,320 --> 00:08:16,080 Speaker 1: don't know where I'm going, and like there's like no certainty. 157 00:08:16,120 --> 00:08:19,320 Speaker 1: Those people that can't plan for the future. UM. So 158 00:08:20,400 --> 00:08:23,600 Speaker 1: you're listening to the markma Show. We're talking about bitcoin. 159 00:08:23,640 --> 00:08:27,040 Speaker 1: We're talking about this decentralized revolution that's happening. I'd like 160 00:08:27,160 --> 00:08:31,760 Speaker 1: to talk about how bitcoin fixes this. Bitcoin fixes a 161 00:08:31,760 --> 00:08:37,040 Speaker 1: big Bitcoin uh, gives us certainty in an uncertain world. Maybe, UM, 162 00:08:37,080 --> 00:08:42,400 Speaker 1: I think maybe somehow bitcoin can fix not only that 163 00:08:42,520 --> 00:08:46,360 Speaker 1: give us some certainty back, but also could fix um, 164 00:08:46,360 --> 00:08:48,760 Speaker 1: some of these root causes. That's causing the uncertainty at 165 00:08:48,800 --> 00:08:51,360 Speaker 1: the same time. So that's gonna be interesting conversation. Uh. 166 00:08:51,400 --> 00:08:52,600 Speaker 1: So I want to talk about that. And then I 167 00:08:52,640 --> 00:08:57,560 Speaker 1: also want to talk about UM. This this guy that's 168 00:08:57,600 --> 00:08:59,280 Speaker 1: been making quite a bit of noise for some reason, 169 00:08:59,360 --> 00:09:02,400 Speaker 1: people are spread and around Twitter. I don't know why. UM, 170 00:09:02,400 --> 00:09:05,360 Speaker 1: but but he's basically saying that crypto is an attack 171 00:09:05,360 --> 00:09:08,839 Speaker 1: on the dollar. Um. It's an ideological driven attack on 172 00:09:09,000 --> 00:09:14,480 Speaker 1: legitimacy of fiat currency. It's funny he calls fiat currency legitimate. Um. 173 00:09:14,559 --> 00:09:16,839 Speaker 1: And and then he said, uh, an attack on the 174 00:09:16,880 --> 00:09:19,520 Speaker 1: financial system. Um. And so I want to talk about 175 00:09:19,559 --> 00:09:20,880 Speaker 1: that when we get back. He said it, he said 176 00:09:20,920 --> 00:09:23,760 Speaker 1: it's a sequel to the January six attack. UM. I 177 00:09:23,800 --> 00:09:26,160 Speaker 1: think this guy's living off as Rocker. We're gonna talk 178 00:09:26,160 --> 00:09:27,800 Speaker 1: about that. We're talking about how bit kin fixes this. 179 00:09:27,840 --> 00:09:29,840 Speaker 1: We're gonna talk about how it gives us more certainty 180 00:09:29,880 --> 00:09:32,720 Speaker 1: in an uncertain world. And we'll be right back. All right, 181 00:09:32,760 --> 00:09:34,880 Speaker 1: welcome back. You are listening to the Mark Mos Show, 182 00:09:34,920 --> 00:09:37,599 Speaker 1: and we are talking about bitcoin. We're talking about the 183 00:09:37,679 --> 00:09:43,520 Speaker 1: cryptocurrency movement, the decentralized revolution that's happening right now. I'm 184 00:09:43,520 --> 00:09:45,679 Speaker 1: in the studio right now sitting down with my good 185 00:09:45,720 --> 00:09:49,240 Speaker 1: friend Alex Fetzki. He's back again in the studio. I 186 00:09:49,320 --> 00:09:52,000 Speaker 1: love sitting down with Alex because he has Uh man, 187 00:09:52,280 --> 00:09:54,680 Speaker 1: you're you're one of the You're one of the deepest 188 00:09:54,760 --> 00:09:57,800 Speaker 1: thinkers that I know. You're very thoughtful. Even as you're talking, 189 00:09:57,880 --> 00:10:00,480 Speaker 1: I can tell you're you're delivering over your It's it's 190 00:10:00,520 --> 00:10:03,719 Speaker 1: pretty cool. I remember the first time. I remember I 191 00:10:03,840 --> 00:10:05,959 Speaker 1: told you reading one of your original writings in the 192 00:10:06,080 --> 00:10:08,160 Speaker 1: Bitcoin Times or whatever, and it was cool. And then, uh, 193 00:10:08,360 --> 00:10:09,880 Speaker 1: then the first time I listened to you talking to 194 00:10:09,920 --> 00:10:12,440 Speaker 1: Peter McCormick and you're like starting from the base build 195 00:10:12,480 --> 00:10:15,480 Speaker 1: not it was, it was amazing. But getting back to 196 00:10:15,600 --> 00:10:17,680 Speaker 1: kind of where we were talking about and before the break, 197 00:10:17,880 --> 00:10:20,719 Speaker 1: talking about bitcoin and and how bitcoin fixes things, and 198 00:10:20,760 --> 00:10:22,760 Speaker 1: we're talking about this crazy world that we're in where 199 00:10:23,160 --> 00:10:27,240 Speaker 1: we have all this uncertainty being forced upon us. Everything's 200 00:10:27,280 --> 00:10:30,240 Speaker 1: being forced upon us right now. Um, you've created some 201 00:10:30,320 --> 00:10:32,400 Speaker 1: optionality by being mobile and things like that, but it 202 00:10:32,440 --> 00:10:35,360 Speaker 1: causes problems because now you're not planning. But so how 203 00:10:35,400 --> 00:10:38,880 Speaker 1: does bitcoin fix that? Yeah? So I think let's think 204 00:10:38,920 --> 00:10:42,360 Speaker 1: of it about across two dimensions. So number one is 205 00:10:43,160 --> 00:10:45,400 Speaker 1: at the moment, and I'm writing an article, and this 206 00:10:45,559 --> 00:10:48,439 Speaker 1: is how like bitcoin is therapy. We're buying Bitcoin is therapy. 207 00:10:48,520 --> 00:10:52,240 Speaker 1: It's like it's this anchor of truth or it's almost 208 00:10:52,280 --> 00:10:55,719 Speaker 1: like a pulse or a hotbeat that is consistent. A 209 00:10:55,800 --> 00:10:59,400 Speaker 1: bitcoin block is mind on average every ten minutes, irrespective 210 00:10:59,440 --> 00:11:02,480 Speaker 1: of what happened on the planet. You know, this politician 211 00:11:02,559 --> 00:11:05,719 Speaker 1: says that, this idiot does that, this person does that, 212 00:11:06,360 --> 00:11:09,760 Speaker 1: no one actually cares, Like sorry, whilst everyone may care, 213 00:11:10,280 --> 00:11:12,920 Speaker 1: Bitcoin doesn't care. It's just this kind of this heartbeat. 214 00:11:13,080 --> 00:11:15,040 Speaker 1: It's just code, exactly, but but it's it's more than 215 00:11:15,120 --> 00:11:19,120 Speaker 1: just code. It's it's it's literally a heartbeat in terms 216 00:11:19,160 --> 00:11:20,800 Speaker 1: like I like to think a bit when as a 217 00:11:20,840 --> 00:11:23,439 Speaker 1: time chain, not a blockchain, and so she used those 218 00:11:23,480 --> 00:11:26,880 Speaker 1: words originally well before he used the word blockchain. But 219 00:11:26,960 --> 00:11:28,480 Speaker 1: if we think about bitcoin, is this kind of this 220 00:11:28,679 --> 00:11:32,880 Speaker 1: this pulse that is exists and it doesn't matter what 221 00:11:33,040 --> 00:11:35,480 Speaker 1: happens in the world, we always have a pulse or 222 00:11:35,640 --> 00:11:40,120 Speaker 1: this anchor to to come back to um. It's it's 223 00:11:40,160 --> 00:11:42,840 Speaker 1: almost like a it's like a tethered to sanity, right, 224 00:11:43,120 --> 00:11:45,720 Speaker 1: you know, there's Kyle Yung used to discuss this as well. 225 00:11:45,880 --> 00:11:48,520 Speaker 1: He said that the reason why a lot of people 226 00:11:48,559 --> 00:11:52,000 Speaker 1: when they started studying psychology and mess with psychedelics and um, 227 00:11:52,200 --> 00:11:56,120 Speaker 1: you know, decided to do past life regressions and everything. 228 00:11:56,600 --> 00:11:58,520 Speaker 1: If they didn't have an anchor or a tether back 229 00:11:58,559 --> 00:12:00,959 Speaker 1: to reality, they would go off the deep end. And 230 00:12:01,080 --> 00:12:03,520 Speaker 1: that was Young's theory about why Nittzsche went off the 231 00:12:03,559 --> 00:12:06,800 Speaker 1: deep end um, which is quite an interesting analog to 232 00:12:07,160 --> 00:12:09,760 Speaker 1: bitcoin at the moment, like everyone is lacking an anchor, 233 00:12:09,800 --> 00:12:12,360 Speaker 1: Everyone is lacking a tether to something real and something 234 00:12:12,400 --> 00:12:15,480 Speaker 1: that is always there irrespective of the madness that's happening. 235 00:12:15,520 --> 00:12:17,320 Speaker 1: And for I think this is why I feel sorry 236 00:12:17,360 --> 00:12:19,439 Speaker 1: for people who haven't discovered bitcoin yet. It's like, you know, 237 00:12:20,200 --> 00:12:22,880 Speaker 1: everything has become relative. We're living in the nightmare of 238 00:12:22,960 --> 00:12:28,079 Speaker 1: a relative utopian dystopia where nothing everything is meaningless um, 239 00:12:28,280 --> 00:12:31,319 Speaker 1: and everything is different every single day, and that drives 240 00:12:31,440 --> 00:12:34,319 Speaker 1: humans crazy, like we need to have some sort of zone. 241 00:12:34,360 --> 00:12:35,440 Speaker 1: Do you need to know that the ground is going 242 00:12:35,480 --> 00:12:38,760 Speaker 1: to be there before you start walking? And Bitcoin, for us, 243 00:12:38,800 --> 00:12:40,959 Speaker 1: I think, is that tethered to to some sort of 244 00:12:41,840 --> 00:12:44,199 Speaker 1: reality that is just pulsing in the background and it 245 00:12:44,280 --> 00:12:47,400 Speaker 1: exists from the background noise of the universal most every 246 00:12:47,440 --> 00:12:51,040 Speaker 1: ten minutes. Every every ten minutes, another hapens exactly, so 247 00:12:51,120 --> 00:12:55,319 Speaker 1: it's alive. So that's one dimension. The other dimension is 248 00:12:55,559 --> 00:12:58,520 Speaker 1: how bitcoin starts to reintroduce certainty into the world by 249 00:12:58,600 --> 00:13:00,520 Speaker 1: fixing the money right. So so it's the one that 250 00:13:00,679 --> 00:13:02,679 Speaker 1: more people talk about I think that more people are 251 00:13:02,800 --> 00:13:06,959 Speaker 1: familiar with. Is when you have a sound money that 252 00:13:07,200 --> 00:13:10,960 Speaker 1: is fixed in supply, that is incorruptible, where the where 253 00:13:10,960 --> 00:13:12,520 Speaker 1: the rules are fixed, so we're all playing by the 254 00:13:12,559 --> 00:13:14,959 Speaker 1: same rules. We can actually have an effective game, We 255 00:13:15,040 --> 00:13:16,959 Speaker 1: can plan long term, we can do things because we 256 00:13:17,080 --> 00:13:19,000 Speaker 1: know that there's no debatement of the money. We know 257 00:13:19,120 --> 00:13:20,439 Speaker 1: that someone is not going to co opt it and 258 00:13:20,520 --> 00:13:22,719 Speaker 1: control it. While you and I are working, the other 259 00:13:22,760 --> 00:13:25,360 Speaker 1: person gets to push a button and make more money 260 00:13:25,400 --> 00:13:27,439 Speaker 1: than will ever make no matter what we do with 261 00:13:27,480 --> 00:13:30,559 Speaker 1: our lives. Like that, that unfairness of the game is removed. 262 00:13:31,240 --> 00:13:33,280 Speaker 1: So so that's sort of like the second dimensional what 263 00:13:33,320 --> 00:13:35,880 Speaker 1: bitcoin does. So so it's like today, it's like a 264 00:13:36,559 --> 00:13:39,560 Speaker 1: it's a it's a tether to to sanity that allows 265 00:13:39,679 --> 00:13:41,240 Speaker 1: us to realize that, hey, you know there is some 266 00:13:41,320 --> 00:13:44,280 Speaker 1: truth here, there's something you know there, and then long 267 00:13:44,440 --> 00:13:49,520 Speaker 1: term it helps transform the incentives via which humanity operates, 268 00:13:49,880 --> 00:13:52,199 Speaker 1: so that we can start to bring some certainty back 269 00:13:52,200 --> 00:13:54,640 Speaker 1: into our lives again as opposed to the madness at 270 00:13:54,640 --> 00:13:57,360 Speaker 1: the moment. I think about when you were saying that, 271 00:13:57,400 --> 00:14:00,839 Speaker 1: I was thinking about, you know, everything everything kind of 272 00:14:01,000 --> 00:14:04,160 Speaker 1: breaks down to like economics and then like time being 273 00:14:04,200 --> 00:14:06,160 Speaker 1: the most scarce thing. But I was thinking about, like 274 00:14:06,320 --> 00:14:10,439 Speaker 1: Mesis talks about, like in economics there is no constant 275 00:14:10,760 --> 00:14:13,839 Speaker 1: because you're always measuring one thing against another and those 276 00:14:13,880 --> 00:14:16,280 Speaker 1: things are always changing. But then all of a sudden, 277 00:14:16,320 --> 00:14:20,200 Speaker 1: Bitcoin is like a constant, Like it's not changing because 278 00:14:20,240 --> 00:14:22,240 Speaker 1: the supply of oil is changing, the supply of gold 279 00:14:22,360 --> 00:14:25,200 Speaker 1: is changing, right, so whatever you're using to measure is 280 00:14:25,200 --> 00:14:28,280 Speaker 1: always getting more and less, easier, more or whatever. But 281 00:14:28,680 --> 00:14:31,320 Speaker 1: bitcoin is not. Yeah, in a way. But I think 282 00:14:31,880 --> 00:14:35,320 Speaker 1: the maybe the constant. I don't think Australian economists talked 283 00:14:35,320 --> 00:14:37,200 Speaker 1: about this a lot, but the constant that they kind 284 00:14:37,240 --> 00:14:40,120 Speaker 1: of used I think was times like this thing that 285 00:14:40,240 --> 00:14:43,280 Speaker 1: it's like we're all bound by that constraint. So maybe 286 00:14:43,320 --> 00:14:44,960 Speaker 1: they didn't talk about it as a constant. Maybe they 287 00:14:45,000 --> 00:14:47,280 Speaker 1: talk about it more as a constraint and it's an 288 00:14:47,320 --> 00:14:49,960 Speaker 1: equal constraint across all of us like, I mean, you 289 00:14:50,080 --> 00:14:52,680 Speaker 1: got twenty four hours ago. I mean that's the one 290 00:14:52,720 --> 00:14:55,560 Speaker 1: thing that we always have, right, Yeah, okay, yeah, I 291 00:14:55,600 --> 00:14:57,840 Speaker 1: guess I hadn't thought about like that. So, um, so 292 00:14:58,000 --> 00:15:00,480 Speaker 1: back to how does it fix it? So then over 293 00:15:00,560 --> 00:15:04,000 Speaker 1: a long enough period of time, it puts right now, 294 00:15:04,120 --> 00:15:06,720 Speaker 1: this is all being driven by policy, right, All this 295 00:15:06,840 --> 00:15:08,840 Speaker 1: uncertainty in the world, whether you can travel and out 296 00:15:08,880 --> 00:15:10,320 Speaker 1: of a country, or whether you can fly on a plane, 297 00:15:10,400 --> 00:15:12,160 Speaker 1: or whether you can open your business or whether you 298 00:15:12,200 --> 00:15:15,080 Speaker 1: can have that job, is all based off of man's policy. 299 00:15:15,880 --> 00:15:17,840 Speaker 1: And so I guess over a line of period of time, 300 00:15:17,960 --> 00:15:22,160 Speaker 1: it creates like a constraint that then um basically doesn't 301 00:15:22,160 --> 00:15:24,760 Speaker 1: allow these politicians to have fun limited power to do that. Well, 302 00:15:24,800 --> 00:15:28,400 Speaker 1: the idea is that it reintroduces consequence to decision making. 303 00:15:28,800 --> 00:15:30,920 Speaker 1: So what's lacking at the moment is I can create 304 00:15:30,960 --> 00:15:33,600 Speaker 1: a policy, and even if the policy is the dumbest 305 00:15:33,640 --> 00:15:35,360 Speaker 1: policy on the planet, and it burns a bunch of 306 00:15:35,400 --> 00:15:37,800 Speaker 1: money and destroys a bunch of businesses and everything, and 307 00:15:38,480 --> 00:15:42,000 Speaker 1: the school card, which is our economy, starts to look bad, 308 00:15:42,280 --> 00:15:44,280 Speaker 1: then what I do is I just go print some 309 00:15:44,320 --> 00:15:46,880 Speaker 1: more money top up the school card. Make it look 310 00:15:46,960 --> 00:15:51,760 Speaker 1: better and lie myself out of realizing that there's a problem. 311 00:15:52,360 --> 00:15:55,520 Speaker 1: And bitcoin removes that capacity because you just can't print it, 312 00:15:55,560 --> 00:15:58,400 Speaker 1: you can't borrow from the future, you can't just randomly 313 00:15:58,440 --> 00:16:02,880 Speaker 1: taxes like but reintroducing consequence. What ends up happening is 314 00:16:03,320 --> 00:16:06,760 Speaker 1: we have to make better policies and make better decisions 315 00:16:07,200 --> 00:16:10,680 Speaker 1: on our path to organizing ourselves as humans, because that's 316 00:16:10,680 --> 00:16:13,400 Speaker 1: what governing is, right, it's the organizational process. And at 317 00:16:13,400 --> 00:16:16,880 Speaker 1: the moment, we're organizing ourselves blind, like literally blind, and 318 00:16:16,920 --> 00:16:20,280 Speaker 1: then when it doesn't work, instead of actually fixing our behavior, 319 00:16:20,680 --> 00:16:22,280 Speaker 1: we just lie to ourselves a little bit more and 320 00:16:22,320 --> 00:16:24,880 Speaker 1: pretend it's okay. It's like flying a plane by removing 321 00:16:24,880 --> 00:16:26,680 Speaker 1: the altimeter, and it's like the plane's telling you you're 322 00:16:26,680 --> 00:16:29,440 Speaker 1: crushing and you're like, I have an idea, I'll remove 323 00:16:29,440 --> 00:16:32,560 Speaker 1: the altimeter. I'll pull it out. Yeah, I mean, I 324 00:16:32,600 --> 00:16:35,520 Speaker 1: guess when you have no consequences, there's no there's no 325 00:16:35,600 --> 00:16:39,200 Speaker 1: feedback loop. There there is, I mean, we can see it, 326 00:16:39,320 --> 00:16:42,360 Speaker 1: but the consequences aren't enough, aren't severe enough that caused 327 00:16:42,400 --> 00:16:44,840 Speaker 1: them to force you know, change of course, so obviously, 328 00:16:45,200 --> 00:16:48,160 Speaker 1: um the inflation rate, you know, CPI was over six percent. 329 00:16:48,240 --> 00:16:51,920 Speaker 1: It's obviously way higher than that. Supply chains are breaking down. 330 00:16:52,360 --> 00:16:55,920 Speaker 1: I mean, we're seeing the consequences. But then they're just gaslightiness. 331 00:16:56,760 --> 00:16:58,760 Speaker 1: And the thing is they're saying the consequence is something else. 332 00:16:58,800 --> 00:17:01,800 Speaker 1: They're like, oh, it's because because you haven't been vaccinated. 333 00:17:01,840 --> 00:17:05,480 Speaker 1: It's because you uh, you know, adding to um global warming, 334 00:17:05,720 --> 00:17:08,800 Speaker 1: they said. In my previous show, I was saying, they're 335 00:17:08,840 --> 00:17:11,600 Speaker 1: they're saying the inflation is caused because of supply chains 336 00:17:11,600 --> 00:17:13,600 Speaker 1: are breaking down. It's a well, it is it's a 337 00:17:13,680 --> 00:17:17,280 Speaker 1: logistical problem. And I said, that's true, it is a 338 00:17:17,359 --> 00:17:21,320 Speaker 1: logistical problem. But what is causing the logistical problem? So 339 00:17:21,560 --> 00:17:25,959 Speaker 1: it's like you have to go another layer back beyond that. Um. 340 00:17:26,119 --> 00:17:28,200 Speaker 1: And then and so then they're just they're gasing and 341 00:17:28,240 --> 00:17:31,920 Speaker 1: then and then they said, well, Americans just are buying 342 00:17:31,960 --> 00:17:34,840 Speaker 1: too much stuff online. They need to change their buying habits, right, 343 00:17:34,920 --> 00:17:38,080 Speaker 1: And they're always shifting the blame. Um, it's always derful. 344 00:17:38,920 --> 00:17:40,640 Speaker 1: By the way, you're listening to the Mark Moa show, 345 00:17:40,840 --> 00:17:43,359 Speaker 1: and I'm joined in the studio by my good friend 346 00:17:43,760 --> 00:17:46,520 Speaker 1: Alex Fetzky. You can find him on Twitter at ghost 347 00:17:46,560 --> 00:17:49,560 Speaker 1: of Fetsky. He's a ghost because the Twitter got him 348 00:17:49,600 --> 00:17:51,880 Speaker 1: on his first one. Uh, of course some one Mark 349 00:17:51,960 --> 00:17:53,800 Speaker 1: Moss on Twitter. You can hit us up, send us, 350 00:17:54,000 --> 00:17:57,680 Speaker 1: send us a message. We're talking about, UM, how we're 351 00:17:57,720 --> 00:17:59,879 Speaker 1: living in this uncertain world and how we can get 352 00:18:00,000 --> 00:18:03,679 Speaker 1: more certainty back. UM, and with more certainty allows us 353 00:18:03,680 --> 00:18:05,520 Speaker 1: to plan further into the future and allows us to 354 00:18:05,520 --> 00:18:08,719 Speaker 1: build a bigger, better life for everybody. UM. And bitcoin 355 00:18:08,800 --> 00:18:11,800 Speaker 1: can do that. Bitcoin can fix that. When we come back, 356 00:18:11,840 --> 00:18:13,800 Speaker 1: I'm gonna talk about some of these comments that we're 357 00:18:13,800 --> 00:18:17,600 Speaker 1: going around UM saying that bitcoin is an ideological driven 358 00:18:17,640 --> 00:18:21,199 Speaker 1: attack on the legitimacy of fiat currency. We'll be right 359 00:18:21,240 --> 00:18:23,520 Speaker 1: back with that. Hey, welcome back. You are listening to 360 00:18:23,640 --> 00:18:26,920 Speaker 1: the Mark Moa Show. We are talking about bitcoin, of course, 361 00:18:27,280 --> 00:18:29,080 Speaker 1: that's what we're talking about always. We're talking about bitcoin, 362 00:18:29,080 --> 00:18:32,280 Speaker 1: We're talking about cryptocurrencies. We're talking about this decentralized revolution 363 00:18:32,400 --> 00:18:37,879 Speaker 1: that's literally changing the entire world. Every facet, every area 364 00:18:38,119 --> 00:18:40,639 Speaker 1: of the world is changing, and for the better, i 365 00:18:40,680 --> 00:18:42,760 Speaker 1: should say, and for the better. UM. I'm in the 366 00:18:42,800 --> 00:18:45,280 Speaker 1: studio sitting down face to face with my good friend 367 00:18:45,320 --> 00:18:47,800 Speaker 1: Alex Spetsky. What's up, Alex, Good to have you here. 368 00:18:49,119 --> 00:18:51,879 Speaker 1: We're in we're in Miami. I'm getting ready for my 369 00:18:52,080 --> 00:18:55,360 Speaker 1: first live event I'm hosting here Market Disruptors Live, dot 370 00:18:55,440 --> 00:18:58,159 Speaker 1: Com Marketsers Live. Alex is going to be one of 371 00:18:58,200 --> 00:19:01,200 Speaker 1: the speakers there. Should be pretty awesome. We're talking about bitcoin. 372 00:19:01,240 --> 00:19:03,200 Speaker 1: We were just talking about how, um, we have this 373 00:19:03,320 --> 00:19:06,359 Speaker 1: world of uncertainty right now and how bitcoin could give 374 00:19:06,440 --> 00:19:09,639 Speaker 1: us some certainty. Back. I liked what you said about 375 00:19:10,400 --> 00:19:13,400 Speaker 1: we're in this ever shifting world and up is down 376 00:19:13,560 --> 00:19:15,560 Speaker 1: and left his right, and boys or girls and who 377 00:19:15,640 --> 00:19:18,200 Speaker 1: even knows anymore? Um, and so at least we have 378 00:19:18,359 --> 00:19:20,920 Speaker 1: something that's like every ten minutes there's that block, So 379 00:19:21,160 --> 00:19:24,040 Speaker 1: that makes good sense. I want to shift gears a 380 00:19:24,080 --> 00:19:27,720 Speaker 1: little bit um and talk about this guy that I 381 00:19:27,760 --> 00:19:30,440 Speaker 1: don't know. For some reason, he's like a ted ted 382 00:19:30,560 --> 00:19:32,680 Speaker 1: talk speaker. I don't know why. I don't know why 383 00:19:32,840 --> 00:19:35,159 Speaker 1: people are are sharing his stuff all over therenet. It 384 00:19:35,200 --> 00:19:37,600 Speaker 1: doesn't seem to be like anything big. But he said, 385 00:19:38,840 --> 00:19:40,639 Speaker 1: I can't I'm not even gonna say his name. But 386 00:19:41,720 --> 00:19:46,080 Speaker 1: I can't stress this enough. The crypto attack on the 387 00:19:46,240 --> 00:19:49,760 Speaker 1: dollar is not strictly a pump and dump or a grift. 388 00:19:50,359 --> 00:19:55,280 Speaker 1: It's an ideological driven attack on the legitimate legitimacy of 389 00:19:55,440 --> 00:20:02,480 Speaker 1: fiat currency, the Federal Reserve, and the incumbent financial system. Okay, 390 00:20:02,560 --> 00:20:05,840 Speaker 1: let's tease that apart. So first of all, or do 391 00:20:05,880 --> 00:20:07,400 Speaker 1: you want to finish well the first the first part, 392 00:20:07,440 --> 00:20:10,560 Speaker 1: it's an attack on the it's not the crypto attack 393 00:20:10,600 --> 00:20:12,920 Speaker 1: on the dollar is not strictly a pump and dump 394 00:20:13,040 --> 00:20:15,200 Speaker 1: or a grift. It's an ideological driven attack on the 395 00:20:15,280 --> 00:20:19,800 Speaker 1: legism legimacy a fiat currency in the in the finance system. 396 00:20:19,920 --> 00:20:23,720 Speaker 1: So a pump and dump, grift laur An attack. Okay, 397 00:20:24,080 --> 00:20:29,159 Speaker 1: so um, Crypto is a pump and dump literally fundamentally speaking. 398 00:20:29,600 --> 00:20:32,639 Speaker 1: So he's wrong about that. So let's let's find the 399 00:20:32,720 --> 00:20:35,400 Speaker 1: nuance here. So he's absolutely wrong. Crypto is a pump 400 00:20:35,440 --> 00:20:39,680 Speaker 1: and dump, he said, it's not strictly all. He's partially 401 00:20:39,960 --> 00:20:42,639 Speaker 1: right and partially wrong there. So crypto is strictly a 402 00:20:42,720 --> 00:20:45,680 Speaker 1: pump and dump. Crypto is an industry that's been built 403 00:20:45,760 --> 00:20:49,720 Speaker 1: around Bitcoin as a way for grifters to make money 404 00:20:49,840 --> 00:20:52,680 Speaker 1: off sheep blemmings and you know people who want to 405 00:20:52,680 --> 00:20:55,240 Speaker 1: get rich quick, like that squid coin last week or 406 00:20:55,240 --> 00:20:57,760 Speaker 1: two weeks ago. Squid coin. I've seen one driving around 407 00:20:57,800 --> 00:21:01,040 Speaker 1: called Flowaky mist literally the sign and says missed out 408 00:21:01,080 --> 00:21:05,800 Speaker 1: on doge, come by flow key. Who listens to this? 409 00:21:06,280 --> 00:21:09,480 Speaker 1: I mean, but people listen to it. So so crypto 410 00:21:09,800 --> 00:21:14,280 Speaker 1: is fundamentally at the very core of it that may 411 00:21:14,400 --> 00:21:16,000 Speaker 1: the biggest pump and dump on the planet. It has 412 00:21:16,080 --> 00:21:18,680 Speaker 1: nothing to do with the bitcoin now too, is to 413 00:21:18,840 --> 00:21:24,119 Speaker 1: to the second piece of nuance. Bitcoin is fundamentally an 414 00:21:24,160 --> 00:21:27,960 Speaker 1: attack ideologically driven. It is an ideologically driven attack like 415 00:21:28,359 --> 00:21:36,199 Speaker 1: bitcoin is ideologically an attack and affront and incompatible um uh, 416 00:21:36,560 --> 00:21:40,320 Speaker 1: an incompatible monetary network with what existed before, in the 417 00:21:40,400 --> 00:21:45,040 Speaker 1: same way as Internet was an attack on the phone 418 00:21:45,080 --> 00:21:47,960 Speaker 1: line um and the way we communicated before. But in 419 00:21:48,000 --> 00:21:51,440 Speaker 1: the same way as electricity and what Tesla built with 420 00:21:51,520 --> 00:21:54,480 Speaker 1: the A C generator was an attack on candles. That 421 00:21:54,720 --> 00:21:56,840 Speaker 1: that's the attack. But is it really an attack? Right? 422 00:21:56,880 --> 00:21:59,040 Speaker 1: So I would say that the fiat money system or 423 00:21:59,080 --> 00:22:01,280 Speaker 1: the legitimacy of yet I don't know it's legitimate, but 424 00:22:01,359 --> 00:22:04,159 Speaker 1: it's it's fake. Right. But the fiat system is an 425 00:22:04,160 --> 00:22:06,879 Speaker 1: attack on us. So it's an attack on us as savers. 426 00:22:06,960 --> 00:22:10,600 Speaker 1: It steals our savings um, so it's an attack on us. UM. 427 00:22:10,760 --> 00:22:13,920 Speaker 1: Bitcoin gives us an option out of that. It's a safety. 428 00:22:14,040 --> 00:22:16,359 Speaker 1: So it's I look at more as a defensive move, 429 00:22:17,080 --> 00:22:19,320 Speaker 1: um as opposed to an attack. It seems like a 430 00:22:19,520 --> 00:22:23,360 Speaker 1: like an aggressive offensive move. Yeah, but I mean the best, 431 00:22:23,440 --> 00:22:26,159 Speaker 1: the best defense is always an attack. Um So, So 432 00:22:26,320 --> 00:22:29,959 Speaker 1: fundamentally speaking, like when something is incompatible, and I mean, 433 00:22:30,440 --> 00:22:34,240 Speaker 1: look at what we are, what we are expousing in 434 00:22:34,640 --> 00:22:38,000 Speaker 1: and for and about bitcoin, is that we are incompatible 435 00:22:38,200 --> 00:22:40,399 Speaker 1: with the old system. Like the way I kind of 436 00:22:40,440 --> 00:22:42,920 Speaker 1: describe it as we've got this existing you know, the 437 00:22:43,080 --> 00:22:45,760 Speaker 1: land that we're on here and this new one and 438 00:22:46,080 --> 00:22:48,240 Speaker 1: this old one. The existing one is all burning down 439 00:22:48,320 --> 00:22:50,600 Speaker 1: and it's you know, it's it's it's all broken, it's 440 00:22:50,960 --> 00:22:53,600 Speaker 1: in tatters, and everything is confusing. It's kind of like 441 00:22:53,640 --> 00:22:55,760 Speaker 1: that rickx sona ad, you know, where everyone's jumping up 442 00:22:55,800 --> 00:22:58,280 Speaker 1: and down, like falling out of cars and out of 443 00:22:58,320 --> 00:23:01,479 Speaker 1: buildings and all sorts of crap. So whereas Bitcoin represents 444 00:23:01,520 --> 00:23:03,440 Speaker 1: this kind of new promised land and they don't like 445 00:23:03,560 --> 00:23:06,600 Speaker 1: it's it's like oil and water, they don't mix that 446 00:23:06,680 --> 00:23:12,920 Speaker 1: they're fundamentally incompatible and ideologically speaking, um, bitcoin is like 447 00:23:13,040 --> 00:23:15,840 Speaker 1: it says, look, I want nothing to do with the 448 00:23:15,960 --> 00:23:20,600 Speaker 1: existing system. I want none of your your rules, your regulations, 449 00:23:20,720 --> 00:23:24,879 Speaker 1: your your your processes, your corruption, your any of that. 450 00:23:25,080 --> 00:23:28,320 Speaker 1: So so, and in our bid to sort of bring 451 00:23:28,520 --> 00:23:33,200 Speaker 1: it to life, we are fundamentally making fun of the 452 00:23:33,320 --> 00:23:35,640 Speaker 1: existing system. I mean everything we do, we make fun 453 00:23:35,680 --> 00:23:38,520 Speaker 1: of it, like that's what we do. So so insofar 454 00:23:38,640 --> 00:23:41,960 Speaker 1: as um, that's an attack, he's right, Like we we 455 00:23:42,080 --> 00:23:46,159 Speaker 1: are incompatible with with that and our very existence is 456 00:23:46,240 --> 00:23:48,200 Speaker 1: a is you know, is a is a finger to 457 00:23:48,359 --> 00:23:50,760 Speaker 1: its existence. I guess it. I guess it. You know, 458 00:23:50,920 --> 00:23:52,840 Speaker 1: as you said, right, the best defense could be offense 459 00:23:52,920 --> 00:23:55,560 Speaker 1: or vice versa. I guess it is offensive and defensive. 460 00:23:55,640 --> 00:24:00,160 Speaker 1: So it's it's defensive. So the Fiat money system an 461 00:24:00,160 --> 00:24:02,639 Speaker 1: attack on me as a saver, me as an earner. 462 00:24:03,000 --> 00:24:05,439 Speaker 1: If I'm trading my time for money, but they can 463 00:24:05,480 --> 00:24:07,639 Speaker 1: go print money for free, they're steal They're putting me 464 00:24:07,680 --> 00:24:10,960 Speaker 1: into slavery. So I'm defending myself against that. Um. But 465 00:24:11,720 --> 00:24:14,560 Speaker 1: when I pull my money out of that system as defense, 466 00:24:14,600 --> 00:24:17,399 Speaker 1: I'm also defunding them. And if I defund them, then 467 00:24:17,440 --> 00:24:21,120 Speaker 1: that's an attack. Boom. I guess so, um, I guess 468 00:24:21,200 --> 00:24:22,840 Speaker 1: it's like you can't be in both systems at the 469 00:24:22,880 --> 00:24:25,600 Speaker 1: same time, So moving too one is fundamentally attacking the 470 00:24:25,800 --> 00:24:28,600 Speaker 1: fundamentally attacking the other. I want to bring this piece up. 471 00:24:28,760 --> 00:24:33,160 Speaker 1: This is UM from the International Monetary Fund MHM, which 472 00:24:33,280 --> 00:24:35,960 Speaker 1: is kind of a kind of essential bank up of 473 00:24:36,040 --> 00:24:38,880 Speaker 1: central banks, if you will. This was written in two 474 00:24:39,000 --> 00:24:44,200 Speaker 1: thousand and uh and uh. It says the liquidation of 475 00:24:44,280 --> 00:24:48,000 Speaker 1: government debt. It's a working paper. High public debt often 476 00:24:48,040 --> 00:24:50,800 Speaker 1: produces the drama of default. Of course, they have too 477 00:24:50,880 --> 00:24:54,400 Speaker 1: much debt, They're gonna default. But debt is also reduced 478 00:24:54,440 --> 00:24:58,240 Speaker 1: through financial repression, which is a tax on bond holders 479 00:24:58,720 --> 00:25:04,960 Speaker 1: and savers. So UM, it says via negative or below 480 00:25:05,080 --> 00:25:07,960 Speaker 1: market real interest rates. So it's attacks on savers because 481 00:25:08,000 --> 00:25:11,560 Speaker 1: of inflation, and its attacks on bond holders because they 482 00:25:11,640 --> 00:25:15,119 Speaker 1: impose negative interest rates. So it says, right here, this 483 00:25:15,240 --> 00:25:18,359 Speaker 1: is their plan financial repression, right, and it says, um, 484 00:25:18,440 --> 00:25:23,399 Speaker 1: with capital controls and regulatory restrictions created captive audience, a 485 00:25:23,560 --> 00:25:28,800 Speaker 1: captive audience for government debt, including I'm sorry, limiting tax 486 00:25:28,880 --> 00:25:34,480 Speaker 1: based erosion, uh slavery. Financial repression is most successful in 487 00:25:34,600 --> 00:25:40,000 Speaker 1: liquidating debt when accompanied by inflation. They literally spell out 488 00:25:40,040 --> 00:25:44,240 Speaker 1: so so that's like say yeah, it says, it says 489 00:25:44,359 --> 00:25:47,640 Speaker 1: trapped in the syste a captive audience for government debt. 490 00:25:47,720 --> 00:25:53,000 Speaker 1: We capital controls and regulatory restrictions created a captive audience 491 00:25:53,160 --> 00:25:58,480 Speaker 1: for government debt. So who's the attacker? Yeah, well this 492 00:25:58,680 --> 00:26:02,119 Speaker 1: is um, this is why I think that. Didn't he 493 00:26:02,240 --> 00:26:05,120 Speaker 1: have something else that he finished stuff? So then he said, um, 494 00:26:06,160 --> 00:26:08,639 Speaker 1: well he said it's an ideological, ideological driven attack on 495 00:26:08,680 --> 00:26:12,840 Speaker 1: the legitimacy of FIAT currency. So that's kind of funny. Legitimacy. Um, well, 496 00:26:12,880 --> 00:26:14,959 Speaker 1: but that's so. So this is actually where he's right, 497 00:26:15,119 --> 00:26:18,440 Speaker 1: is like, it is an ideological, ideologically driven attack on 498 00:26:18,520 --> 00:26:22,560 Speaker 1: the legitimacy FIAT because we are ideologically superior to FIAT. 499 00:26:22,600 --> 00:26:26,440 Speaker 1: So as a result, we attacked the inferiority and the 500 00:26:26,600 --> 00:26:31,080 Speaker 1: illegitimacy of FIAT. Right, so we we we actually reveal 501 00:26:31,160 --> 00:26:34,400 Speaker 1: the curtains, so we're actually like almost like, um, what's 502 00:26:34,440 --> 00:26:36,200 Speaker 1: the what's the movie the Wizard of Oz? Right, we're 503 00:26:36,240 --> 00:26:38,960 Speaker 1: pulling back the curtain and we're showing that it's it's 504 00:26:38,960 --> 00:26:44,280 Speaker 1: not legitimate, and we're using the ideology of a bitcoin 505 00:26:44,400 --> 00:26:47,480 Speaker 1: standard and a fixed money supply that it is incorruptible. 506 00:26:47,840 --> 00:26:51,840 Speaker 1: As the way we unveil the illegitimacy of the PIAT thing. 507 00:26:51,960 --> 00:26:54,680 Speaker 1: But anyway, yeah, and so then he went on and 508 00:26:54,760 --> 00:26:56,240 Speaker 1: this is a part where we dig into he said, 509 00:26:57,080 --> 00:27:00,440 Speaker 1: he said, it is the sequel to the g Anuary 510 00:27:00,640 --> 00:27:04,760 Speaker 1: sixth attack. The sequel. UM. So he's liking to that, 511 00:27:05,280 --> 00:27:08,960 Speaker 1: basically saying that it's you know, it's ah, it's left 512 00:27:09,119 --> 00:27:12,440 Speaker 1: versus right. It's a political tool up in the traditional 513 00:27:12,720 --> 00:27:14,960 Speaker 1: you know, political spectrum. I want to talk about that, 514 00:27:15,520 --> 00:27:19,000 Speaker 1: UM and see see where that's where that fits. Is 515 00:27:19,040 --> 00:27:22,159 Speaker 1: it Is it a right wing? Is it a left wing? Uh? 516 00:27:22,560 --> 00:27:25,080 Speaker 1: If it attacks the system, does that make it political? 517 00:27:25,400 --> 00:27:27,720 Speaker 1: We're gonna talk about that in a minute. UM, when 518 00:27:27,760 --> 00:27:30,600 Speaker 1: we get back. You're listening to the Market show. I'm 519 00:27:30,640 --> 00:27:34,080 Speaker 1: in studio. I'm actually not in studio. I'm actually UM 520 00:27:34,200 --> 00:27:37,400 Speaker 1: in a suite in Miami, Florida with my good friend 521 00:27:37,440 --> 00:27:40,520 Speaker 1: Alex Fetzki. We're sitting here together talking. You can find 522 00:27:40,600 --> 00:27:42,880 Speaker 1: him on the Ghost of Fetzki on Twitter. Of course. 523 00:27:42,960 --> 00:27:45,639 Speaker 1: I'm one Mark Moss on Twitter. UM, hit us up, 524 00:27:45,680 --> 00:27:48,359 Speaker 1: ask us a question. UM, We're gonna come right back. 525 00:27:48,400 --> 00:27:51,399 Speaker 1: We're gonna talk. We're talking about UM is the dollar 526 00:27:51,600 --> 00:27:55,280 Speaker 1: or sorry, is bi Q when an ideological driven attack? Um? 527 00:27:55,400 --> 00:27:58,639 Speaker 1: And is the generous sixth, we were back. All right, 528 00:27:58,680 --> 00:28:00,880 Speaker 1: welcome back. You are listening to the Mark Ma Show, 529 00:28:01,000 --> 00:28:04,040 Speaker 1: and we are talking about, of course bitcoin, each and 530 00:28:04,080 --> 00:28:08,720 Speaker 1: every week, bringing to you the most up to date information. UM. 531 00:28:09,440 --> 00:28:11,720 Speaker 1: I try to bring you the biggest news of the week, 532 00:28:12,400 --> 00:28:14,719 Speaker 1: everything from what's going on with the price, what's going 533 00:28:14,760 --> 00:28:17,320 Speaker 1: on with the technology, the network growth, what's going on 534 00:28:17,359 --> 00:28:20,960 Speaker 1: with the development, what new technology companies are coming up, 535 00:28:21,080 --> 00:28:25,760 Speaker 1: and then even deeper things like trying to understand idea 536 00:28:25,840 --> 00:28:28,879 Speaker 1: logically what bitcoin is doing. There's so many ways to 537 00:28:29,840 --> 00:28:32,280 Speaker 1: try to understand bitcoin. I've been studying and writing and 538 00:28:32,600 --> 00:28:34,600 Speaker 1: researching it for over seven years and I'm still trying 539 00:28:34,600 --> 00:28:37,119 Speaker 1: to figure it out. And so tune in each and 540 00:28:37,160 --> 00:28:39,560 Speaker 1: every week so you can start to get all these 541 00:28:39,560 --> 00:28:42,560 Speaker 1: different angles. It's a dynamic, it's multifaceted. I'm in the 542 00:28:42,560 --> 00:28:45,080 Speaker 1: studio with my good friend Alex Petzky and we're talking 543 00:28:45,160 --> 00:28:49,000 Speaker 1: about bitcoin being an ideological driven attack on the legitimacy 544 00:28:49,120 --> 00:28:51,560 Speaker 1: of fiat currency, and so we talked about that before 545 00:28:51,600 --> 00:28:52,880 Speaker 1: the break, but then there was a part where we 546 00:28:52,960 --> 00:28:54,240 Speaker 1: kind of broke off from and he said it's a 547 00:28:54,320 --> 00:28:58,760 Speaker 1: sequel to the January six attack. UM, I don't really 548 00:28:58,880 --> 00:29:02,360 Speaker 1: know the context that he's talking about there, but it 549 00:29:02,880 --> 00:29:07,080 Speaker 1: sounds like he's basically trying to call it, Um I 550 00:29:07,120 --> 00:29:08,400 Speaker 1: don't know, I don't know what do what do you 551 00:29:08,400 --> 00:29:10,040 Speaker 1: think he's trying to say there? It's like a it's 552 00:29:10,040 --> 00:29:14,000 Speaker 1: like a radical right wing movement or something. He's trying 553 00:29:14,000 --> 00:29:16,080 Speaker 1: to paint it with something. I mean, I love it 554 00:29:16,160 --> 00:29:19,239 Speaker 1: it terrorism or something exactly so, so they're gonna want 555 00:29:19,280 --> 00:29:20,920 Speaker 1: to I mean, I've said for ages that they're going 556 00:29:21,000 --> 00:29:22,720 Speaker 1: to try to call bitcoins terrorists at some stage. So 557 00:29:22,840 --> 00:29:25,600 Speaker 1: so he's kind of like the the attempt to start 558 00:29:25,680 --> 00:29:28,719 Speaker 1: moving the overtson window in that direction, right. But um, 559 00:29:28,800 --> 00:29:30,760 Speaker 1: I mean for me, I love it because I'm Australian 560 00:29:30,800 --> 00:29:32,440 Speaker 1: and I don't even know what happened on January six, 561 00:29:32,480 --> 00:29:35,760 Speaker 1: then I couldn't care less. Um, But I mean to me, 562 00:29:36,440 --> 00:29:38,120 Speaker 1: I mean, even if I wasn't Australian, I don't think 563 00:29:38,120 --> 00:29:40,720 Speaker 1: anyone should kill us about what happened on some specific 564 00:29:40,800 --> 00:29:42,360 Speaker 1: day that a bunch of people didn't like each other 565 00:29:42,360 --> 00:29:44,840 Speaker 1: because of politics, because I mean, when has that, you know, 566 00:29:45,080 --> 00:29:48,520 Speaker 1: not been the case? But I think where he where 567 00:29:48,600 --> 00:29:51,400 Speaker 1: this whole argument falls flat on its face is doesn't 568 00:29:51,480 --> 00:29:56,080 Speaker 1: a sequel mean that um it comes after Yeah, would 569 00:29:56,080 --> 00:29:57,920 Speaker 1: be the next one. Yeah, I'm pretty sure bitcoin has 570 00:29:57,960 --> 00:30:00,720 Speaker 1: been around for about thirty years. What kind of a 571 00:30:00,760 --> 00:30:04,200 Speaker 1: sequel s thoughts that in years before the January is like, 572 00:30:04,720 --> 00:30:06,920 Speaker 1: what kind of an idiot says that. I'm sorry, but 573 00:30:07,080 --> 00:30:10,040 Speaker 1: like this is just sort of the level of brain 574 00:30:10,160 --> 00:30:12,960 Speaker 1: damage that these people have. Let's talk about that piece 575 00:30:13,040 --> 00:30:16,080 Speaker 1: for a second. So before earlier, a couple of sections earlier, 576 00:30:16,160 --> 00:30:18,840 Speaker 1: you were talking about how these people they can just 577 00:30:18,960 --> 00:30:20,720 Speaker 1: keep making these policies and they just blame it on 578 00:30:20,960 --> 00:30:24,560 Speaker 1: something else. And uh, we were obviously at the at 579 00:30:24,600 --> 00:30:26,160 Speaker 1: the end of a game. So when you play a game, 580 00:30:26,520 --> 00:30:28,800 Speaker 1: whatever it may be, when I'm out of moves, I 581 00:30:28,840 --> 00:30:30,560 Speaker 1: have no more moves. We have to reset the game. 582 00:30:31,240 --> 00:30:33,040 Speaker 1: And the financial system is out of moves. So the 583 00:30:33,320 --> 00:30:35,560 Speaker 1: central banks have two tools, right, they can interest rates 584 00:30:35,600 --> 00:30:37,800 Speaker 1: and the money supply and interest rates are zero negative, 585 00:30:37,880 --> 00:30:40,280 Speaker 1: so that that tools good money supply. We have four 586 00:30:40,280 --> 00:30:43,440 Speaker 1: and that tools kind of done. So it's like the 587 00:30:43,520 --> 00:30:45,800 Speaker 1: system is broken. It's it has to be reset. And 588 00:30:45,880 --> 00:30:48,360 Speaker 1: we're starting to see this, uh, this narrative popping up 589 00:30:48,440 --> 00:30:50,480 Speaker 1: kind of what he's saying. And so we've seen Christine 590 00:30:50,560 --> 00:30:58,239 Speaker 1: leguard say innovation is a threat to the financial um stability. Um, 591 00:30:58,320 --> 00:31:00,840 Speaker 1: we've seen Janet Yellen coming out saying, you know, kind 592 00:31:00,840 --> 00:31:03,320 Speaker 1: of the same thing. And so they're already saying like, hey, 593 00:31:04,240 --> 00:31:07,680 Speaker 1: this is going to destroy the financial system, which it is, 594 00:31:08,280 --> 00:31:10,280 Speaker 1: but it's not their fault. Is that we have a 595 00:31:10,360 --> 00:31:13,000 Speaker 1: better option, right or how do you see that? Well? Yes, So, 596 00:31:13,160 --> 00:31:16,520 Speaker 1: so first they they what they do is they actually 597 00:31:16,560 --> 00:31:19,920 Speaker 1: they're actually acknowledging the fact that they're out of moves, right. So, 598 00:31:20,360 --> 00:31:24,400 Speaker 1: you know, Christine Lagarde acknowledges that innovation is moving forward 599 00:31:24,520 --> 00:31:26,240 Speaker 1: and it's always going to happen and it's going to 600 00:31:26,440 --> 00:31:29,200 Speaker 1: cause a problem to the existing system. This guy is 601 00:31:29,200 --> 00:31:32,280 Speaker 1: acknowledging the fact that bitcoin is an ideological attack. Um. 602 00:31:32,600 --> 00:31:35,840 Speaker 1: You know, he kind of confuses himself because he hasn't 603 00:31:36,680 --> 00:31:39,480 Speaker 1: done anythinking whatsoever on this. But you know, he uses 604 00:31:39,520 --> 00:31:41,920 Speaker 1: the word crypto, which is the pump and dump component. 605 00:31:42,040 --> 00:31:45,840 Speaker 1: But bitcoin is an ideological attack on the legitimacy of 606 00:31:46,200 --> 00:31:49,640 Speaker 1: the field system, which exactly what it is. Um. So, 607 00:31:49,840 --> 00:31:54,040 Speaker 1: so first they admit that, but in doing so they 608 00:31:54,120 --> 00:31:56,440 Speaker 1: then try and like create the Overton window or push 609 00:31:56,520 --> 00:32:01,680 Speaker 1: the Overton window across to say that innovation and something 610 00:32:01,760 --> 00:32:05,280 Speaker 1: like bitcoin and changing the system is a is a 611 00:32:05,640 --> 00:32:11,960 Speaker 1: basically terrorism, and that will be the blame that that 612 00:32:12,000 --> 00:32:14,840 Speaker 1: would be what they used to blame for the unraveling 613 00:32:15,040 --> 00:32:20,240 Speaker 1: of the broken Tower of Babel, House of Cards, you know, 614 00:32:20,560 --> 00:32:24,080 Speaker 1: house built on quicksand that they've that they've created. And 615 00:32:24,160 --> 00:32:27,520 Speaker 1: now the wind is coming and the wind is the problem. Mark, 616 00:32:28,200 --> 00:32:32,960 Speaker 1: We must eliminate the wind because the wind is the terrorism. Yeah, 617 00:32:33,000 --> 00:32:35,640 Speaker 1: and and and innovation is a threat and it always is. 618 00:32:35,720 --> 00:32:39,480 Speaker 1: It's called creative destruction. So whenever a new way is created, 619 00:32:39,560 --> 00:32:43,840 Speaker 1: destroys the old way. So cars were destruction of the 620 00:32:43,920 --> 00:32:48,239 Speaker 1: buggy industry. Electricity was destruction of the candle industry, right 621 00:32:48,320 --> 00:32:51,080 Speaker 1: and so um, but that's a good thing. If it 622 00:32:51,280 --> 00:32:55,200 Speaker 1: wasn't better, it wouldn't survive, right. If the old way 623 00:32:55,280 --> 00:32:57,240 Speaker 1: was better, it would remain the way. But of course 624 00:32:57,320 --> 00:32:59,920 Speaker 1: the new way is better. Um. And so really it's 625 00:33:00,160 --> 00:33:03,080 Speaker 1: about protecting their kind of monopoly that they have. But yeah, 626 00:33:03,160 --> 00:33:05,280 Speaker 1: I mean, what do you think that. I mean, I'm 627 00:33:05,440 --> 00:33:08,040 Speaker 1: pretty sure they're gonna blame it on the on the 628 00:33:08,120 --> 00:33:10,800 Speaker 1: destruction right when it when it collapses. Um. And they 629 00:33:10,880 --> 00:33:13,320 Speaker 1: try to get the public sentiment on their side. I mean, 630 00:33:13,560 --> 00:33:14,560 Speaker 1: what do you what do you think that looks like, 631 00:33:14,680 --> 00:33:16,440 Speaker 1: here's what's going to happen that this is and I did. 632 00:33:16,760 --> 00:33:19,440 Speaker 1: I said this at the conference. I said that the 633 00:33:19,840 --> 00:33:23,560 Speaker 1: line that will separate free humans from slaves is going 634 00:33:23,640 --> 00:33:26,400 Speaker 1: to be those who hold central bank digital currencies versus 635 00:33:26,480 --> 00:33:30,600 Speaker 1: those who hold bitcoin and the crypto, the entire crypto sphere, 636 00:33:30,880 --> 00:33:34,040 Speaker 1: or the ones that are the leading cryptos, Cardano, whatever 637 00:33:34,120 --> 00:33:39,240 Speaker 1: it's Cordon or whatever however pronounces it Ethereum or Cilano 638 00:33:39,280 --> 00:33:42,920 Speaker 1: or whatever it else is. They will partner with the 639 00:33:43,000 --> 00:33:45,280 Speaker 1: central banks because the central banks are too incompetent to 640 00:33:45,360 --> 00:33:49,640 Speaker 1: produce anything like that. They literally just blanket incompetent um. 641 00:33:50,000 --> 00:33:52,880 Speaker 1: So they'll need to partner with the nerds to produce something. 642 00:33:53,120 --> 00:33:55,920 Speaker 1: And the nerds are gonna get their finger in the 643 00:33:56,080 --> 00:33:59,200 Speaker 1: ultimate pie, which is the ability to issue money, which 644 00:33:59,280 --> 00:34:01,719 Speaker 1: is the ultimate many ridge that there is no other 645 00:34:01,720 --> 00:34:04,480 Speaker 1: power better, so that they're going to create their little 646 00:34:04,560 --> 00:34:07,240 Speaker 1: dystopian world coin or whatever it's gonna end up being called, 647 00:34:08,239 --> 00:34:11,479 Speaker 1: and that thing will basically dictate when you can spend 648 00:34:11,520 --> 00:34:13,759 Speaker 1: your money, what you can spend your money for. If 649 00:34:13,800 --> 00:34:15,520 Speaker 1: you say something online that they don't like or in 650 00:34:15,560 --> 00:34:18,600 Speaker 1: the metaverse. You know, they'll pause your money, they'll give 651 00:34:18,600 --> 00:34:20,439 Speaker 1: your money an expiry date, so that if you don't 652 00:34:20,440 --> 00:34:22,120 Speaker 1: spend it in time, you know, it runs out of 653 00:34:22,239 --> 00:34:24,200 Speaker 1: purchasing power. They'll do all this sort of stuff. And 654 00:34:24,239 --> 00:34:28,040 Speaker 1: that is basically behavioral exactly literally so so so that 655 00:34:28,560 --> 00:34:32,040 Speaker 1: is one option for people. And the other option is 656 00:34:32,040 --> 00:34:36,279 Speaker 1: bitcoin as this free sovereign money where you actually own 657 00:34:36,440 --> 00:34:41,640 Speaker 1: the product of your labor. And because it exists, and 658 00:34:42,239 --> 00:34:45,800 Speaker 1: it's like we use this in a podcast you and 659 00:34:45,920 --> 00:34:52,120 Speaker 1: I UM did together. Is like the existing system is Icarus, 660 00:34:52,560 --> 00:34:55,320 Speaker 1: and the fear network in the field system is the 661 00:34:55,360 --> 00:35:00,440 Speaker 1: wax wings. It's jumped off the cliff already. UM. Gravity 662 00:35:00,520 --> 00:35:03,800 Speaker 1: is reality and Bitcoin is the sun. And Bitcoin is 663 00:35:03,880 --> 00:35:06,279 Speaker 1: melting those wings and they are going to blame it 664 00:35:06,840 --> 00:35:11,279 Speaker 1: on Bitcoin as the thing that just melted these fake 665 00:35:11,400 --> 00:35:14,959 Speaker 1: scam wax wings of the money, and when they fall, 666 00:35:15,400 --> 00:35:18,960 Speaker 1: it's going to be Bitcoin's fault. So I don't know, 667 00:35:19,040 --> 00:35:22,160 Speaker 1: it's scary, Yeah, it's scary. The problem is is that 668 00:35:22,760 --> 00:35:26,640 Speaker 1: you can't create money from thin air. You can't produce money, 669 00:35:26,680 --> 00:35:28,880 Speaker 1: you can't steal somebody's labor, and that's what caused the 670 00:35:28,920 --> 00:35:31,560 Speaker 1: system to fall. So even if you know, event eventually 671 00:35:31,560 --> 00:35:33,080 Speaker 1: when it when it does collapse and they do try 672 00:35:33,120 --> 00:35:36,239 Speaker 1: to blame it on bitcoin um and they try to 673 00:35:36,320 --> 00:35:38,520 Speaker 1: kind of rebuild on this fake central bank digital currency, 674 00:35:38,600 --> 00:35:40,600 Speaker 1: it's just still gonna be more of the same problem. 675 00:35:41,400 --> 00:35:43,120 Speaker 1: It will. But the thing is that this is where 676 00:35:43,320 --> 00:35:46,200 Speaker 1: my concern for the long you know, for humanity's next 677 00:35:46,280 --> 00:35:48,960 Speaker 1: big challenge is going to be is um is once 678 00:35:49,040 --> 00:35:51,279 Speaker 1: we sort of separate ourselves away from them, you know, 679 00:35:51,920 --> 00:35:54,480 Speaker 1: humanity really will be two classes. It'll be it'll be 680 00:35:54,719 --> 00:35:56,680 Speaker 1: you know, well, they're working hard on doing that right now. 681 00:35:56,840 --> 00:36:01,120 Speaker 1: You're you're you're your comrade there, I should say whatever 682 00:36:01,239 --> 00:36:03,800 Speaker 1: your rulers down in Australia or New South Wales. I 683 00:36:03,840 --> 00:36:06,000 Speaker 1: mean they're trying to they've already openly admitted that. Well 684 00:36:06,080 --> 00:36:08,080 Speaker 1: that in Queensland just rolled out there thing as well. 685 00:36:08,120 --> 00:36:10,839 Speaker 1: It's like you can't even go to a hospital now. Well, 686 00:36:11,200 --> 00:36:14,200 Speaker 1: in California, UM, I had surgery and February on my 687 00:36:14,280 --> 00:36:17,040 Speaker 1: hip orthoscopic surgery and it's not that much better. A 688 00:36:17,120 --> 00:36:20,359 Speaker 1: few months ago I had m R I and uh, 689 00:36:20,880 --> 00:36:23,080 Speaker 1: they said that I'll do it remote while I was 690 00:36:23,120 --> 00:36:24,879 Speaker 1: in Puerto Rico. Well, now they changed rules. You can't 691 00:36:24,880 --> 00:36:27,840 Speaker 1: go to the hospital without UM. And and now they 692 00:36:27,880 --> 00:36:29,960 Speaker 1: won't do the phone consultation for me. Now now I 693 00:36:30,040 --> 00:36:32,960 Speaker 1: have to go in and do it. But like Folio safety, Mack, 694 00:36:33,080 --> 00:36:36,799 Speaker 1: we will kill you. Yeah, just say so. Anyway, man, 695 00:36:36,880 --> 00:36:38,800 Speaker 1: this is some crazy stuff. I know, we're kind of 696 00:36:38,840 --> 00:36:41,719 Speaker 1: going deep here. We're talking about, of course bitcoin, talking 697 00:36:41,719 --> 00:36:44,080 Speaker 1: about this decentralized revolution. You listen to the Markmas Show. 698 00:36:44,400 --> 00:36:46,360 Speaker 1: I'm in the studio with my good friend Alex Fetzky 699 00:36:46,560 --> 00:36:48,960 Speaker 1: ghost of Fetzky on Twitter. I'm one Mark Moss on 700 00:36:49,040 --> 00:36:52,360 Speaker 1: Twitter as well. And UM, you know, I'm bringing to 701 00:36:52,480 --> 00:36:56,120 Speaker 1: you the information you need to know each and every week. 702 00:36:56,640 --> 00:36:58,760 Speaker 1: You know, we'll talk about the price, we'll talk about 703 00:36:58,760 --> 00:37:00,919 Speaker 1: the technology, we'll talk about the growth, we'll talk about 704 00:37:00,960 --> 00:37:02,759 Speaker 1: the you know, the user adoption. We'll talk about the 705 00:37:02,800 --> 00:37:05,960 Speaker 1: bank's adoption. We'll talk about the technology growth. Um, but 706 00:37:06,080 --> 00:37:07,959 Speaker 1: you need to understand it from a bunch of different angles. 707 00:37:08,000 --> 00:37:09,680 Speaker 1: It's difficult to grasp because you have to kind of 708 00:37:09,760 --> 00:37:15,040 Speaker 1: know all these different disciplines game theory, philosophy, incentive structures, technology, 709 00:37:15,120 --> 00:37:17,920 Speaker 1: monetary systems, history. I mean, you know at all, but 710 00:37:18,000 --> 00:37:20,160 Speaker 1: I'm gonna bring it to you each and every week. 711 00:37:20,239 --> 00:37:22,640 Speaker 1: So pull your phone out, put a put a reminder 712 00:37:22,800 --> 00:37:25,080 Speaker 1: for this time for this channel to be back with 713 00:37:25,280 --> 00:37:29,160 Speaker 1: me right here as we go through understanding Bitcoin de 714 00:37:29,239 --> 00:37:32,320 Speaker 1: Centralized Revolution, I'm Mark Muss. Thanks for listening.