Speaker 1: Hey everyone, welcome back to another episode of The Mark
Speaker 1: Moss Show, and we are of course talking about bitcoin.
Speaker 1: We're talking about cryptocurrencies in this decentralized revolution that is
Speaker 1: happening right now. As I like to say, this is
Speaker 1: the biggest opportunity that you'll ever see in your life.
Speaker 1: And it's literally going to change the world as we
Speaker 1: see it. And so make sure you tune in each
Speaker 1: and every week, make a note of this time, this channel,
Speaker 1: and get back here so you do not miss out.
Speaker 1: I try to explain to you what's going on and
Speaker 1: most importantly why you should care. You know, it's important
Speaker 1: to understand this you can take advantage of the opportunity. Otherwise, Um,
Speaker 1: if you don't understand, you get shaken out, like as
Speaker 1: we call them, the weekends, the paper hands that don't
Speaker 1: really understand what's at stake, what we're doing here. So, um,
Speaker 1: this week, I have a good friend actually sitting in
Speaker 1: the studio with me. I got Alex Fetzki. Let's love Alex.
Speaker 1: What's up? Man, I am. I can look here in
Speaker 1: the eye now this is this is this is great. Yeah, man,
Speaker 1: this is ah, this is great. I love doing him
Speaker 1: in in uh in person and actually you're back at
Speaker 1: You were the first guest for the first episode that
Speaker 1: I did about six weeks ago. I think, so it's
Speaker 1: been that long. I think it's been I think it's
Speaker 1: been about six weeks. I think it was like the
Speaker 1: first week of October, the last six weeks ago. Man. Honestly, well,
Speaker 1: we've both both been working so dang hard trying to
Speaker 1: save the world, right, dude, I have no idea where
Speaker 1: the time is going. So alex Is alex is a
Speaker 1: good friend. He's from Australia, but he's been on the
Speaker 1: run because Australia was locked down and he was out
Speaker 1: of the country and he hasn't been back. So he's
Speaker 1: living this digital nomad life, um, and working on building
Speaker 1: a project on on bitcoin Amber. It's a new app
Speaker 1: that's going to revolutionize the way people, uh spend money online.
Speaker 1: We'll say that much. Um, I think it's pretty cool.
Speaker 1: How is how is uh? How is living a nomad
Speaker 1: life and trying to run a bitcoin company at the
Speaker 1: same time. It's um, it's act sleep. I'm gonna answer
Speaker 1: it this way. So I'm traveling with my girlfriend at
Speaker 1: the moment, and it's really it's insane. How far go
Speaker 1: in the world is at the moment, because it's like
Speaker 1: every time we part, for example, we're not sure if
Speaker 1: we're ever going to see each other again. And it's
Speaker 1: it's it's so insane, Like I think about it now,
Speaker 1: it's like the first time I we you know, we
Speaker 1: we met in Costa Rica six months ago whatever it was.
Speaker 1: So then I left to come into the US and
Speaker 1: I had no idea what was going to happen. It's like,
Speaker 1: you know, they weren't letting people across the land borders
Speaker 1: or this restriction, that restriction essential travel non essential travel,
Speaker 1: like you can't make heads and tails of anything. Um.
Speaker 1: And you know we had that experience, you know, coming
Speaker 1: across and then later it was from from Salvador back
Speaker 1: into the US, and then recently from um it's been
Speaker 1: a republic as well. So it's just like it's absolutely
Speaker 1: insane where I mean, the government has managed to take
Speaker 1: something that used to be an enjoyable process travel and
Speaker 1: literally death made it most ugly, nerve wracking, anxiety creating
Speaker 1: process on the planet. Now lay at that with UM,
Speaker 1: we're trying to run a business, I mean luckily luckily
Speaker 1: and crush like you know what we're doing as a
Speaker 1: bitcoin company is digital in nature. So let's say I
Speaker 1: get stuck in Mexico or Costa Eco or wherever, I
Speaker 1: can still work there. So long as I've so long
Speaker 1: as I have internet, you know, we can still run
Speaker 1: a business. And but it's just you actually can't make
Speaker 1: plans like human beings need to be able to make
Speaker 1: plans in order to make the future better, and you
Speaker 1: need to be able to execute on the plan at
Speaker 1: the moment. You have to have long term perspective. Anyway,
Speaker 1: we're we're we're sitting here recording right now, by the way,
Speaker 1: you listening to Mark my show. We're talking about bitcoin,
Speaker 1: and I'm actually recording from Miami, Florida, not my home, um,
Speaker 1: and We're sitting here in a hotel suite with all
Speaker 1: the equipment on the on the on the counter, which
Speaker 1: is pretty cool. But I'm having a live event, the
Speaker 1: market Disruptors, live dot com m event happening here. And
Speaker 1: you know, my business managers like, no, we need to
Speaker 1: do it next next year. We don't have enough time
Speaker 1: to get this planned. And because we kind of put
Speaker 1: it together in less than ninety days, and I'm like,
Speaker 1: I don't know if we can have it next year.
Speaker 1: I don't know where we'll even have it. Like the
Speaker 1: world is changing that fast, and just like you, like, um,
Speaker 1: nothing good comes quick. You have to have long term planning.
Speaker 1: And just to your point you said, um, the world
Speaker 1: is changing so fast, I would say traditionally that's a
Speaker 1: good thing. Like the world changing and adapting and transforming
Speaker 1: and evolving is good. At the moment, it's not changing,
Speaker 1: So maybe what we can say is that it's not
Speaker 1: progressing anymore. The world is not progressing, like I would
Speaker 1: argue that things are getting worse every month or every
Speaker 1: quarter every year, Like there is complete uncertainty and an
Speaker 1: inability to make a plan more than three months out.
Speaker 1: At the moment, you have no idea. What moronic idea
Speaker 1: the next politician who wants to make a name for
Speaker 1: himself is going to come up with when he rolls
Speaker 1: out of bed, and and you don't know what impact
Speaker 1: that's going to have on your business, your family, your
Speaker 1: your real estate, your house, your money, your bank account.
Speaker 1: Uncertainty cross the board. It's it's madness uncertainty. So I
Speaker 1: was writing a bunch of copy on the plane over
Speaker 1: here this morning from Puerto Rico and I was writing
Speaker 1: about uncertainty, and so, UM, with uncertainty, you know, we
Speaker 1: don't know exactly how things are going to unfold. And
Speaker 1: I was saying, how, um, with uncertainty, the way to
Speaker 1: beat uncertainty is to have more options optionality, and so
Speaker 1: we have to have more options. I guess that's one way.
Speaker 1: How do you think about that? Well? So, so I
Speaker 1: look at um. Tony Robbins has a really great framework
Speaker 1: for understanding human needs, right, and he breaks it up
Speaker 1: into certainty, uncertainty, significance, love, than growth, and contribution and
Speaker 1: each kind of like UM, part of a the polar
Speaker 1: on their spectrum. Right, So, uncertainty is the opposite of certainty. Now,
Speaker 1: you need to meet all needs in some way, shape
Speaker 1: or form, right now, most people, you know, they they
Speaker 1: gravitate towards you know, particular needs. Most people find themselves
Speaker 1: in a certainty and significance needs, but they find you know,
Speaker 1: really poor vehicles to meet those, etcetera, etcetera. But uncertainly
Speaker 1: is an interesting one because a lot of people avoid
Speaker 1: uncertainty and they never sort of meet that. They end
Speaker 1: up you know, living quite drab lives, you know that
Speaker 1: are just sort of monotonous, and they feel comfortable because
Speaker 1: their desire for certainty is so much greater and uncertainty.
Speaker 1: And your point about optionalities, that is a vehicle for
Speaker 1: managing uncertainty. Now we all need to meet in some way,
Speaker 1: shape or form, and being able to to live in
Speaker 1: an uncertain um, in an uncertain environment and still be
Speaker 1: internally certain is actually a rare skill and a very
Speaker 1: important skill. But in a world in which absolutely everything
Speaker 1: is uncertain, it's like it's it's kind of like running
Speaker 1: on top of quicksand like and you know, there's a
Speaker 1: there's a there's a dem nishing level of options. Like
Speaker 1: I've become very comfortable with being uncertain. I haven't had
Speaker 1: a home base forever two years. Now, I'm you know,
Speaker 1: I live out of a suitcase. I'm super super light. UM.
Speaker 1: I have optionality in the fact that I can basically
Speaker 1: go everywhere. Um. I have um, you know, let's let's
Speaker 1: call it a paperwork that allows me to travel in
Speaker 1: all sorts of places. And and I've created as much
Speaker 1: optionality as I can and as much lightness, so I'm
Speaker 1: not carrying lots of baggage metaphorically and literally speaking. But
Speaker 1: again it's you know, it's a gift in some senses,
Speaker 1: and it's taught me a very valuable skill at least
Speaker 1: for what I think will be really important over the
Speaker 1: coming five ten years. But I'm not. Um. Despite me
Speaker 1: having managed to cope and thrive in this scenario, it's
Speaker 1: not a nice way to live well because you can't.
Speaker 1: You can't you can't plan. You know, you think of
Speaker 1: out I was in what I was writing today, I
Speaker 1: was saying, it's uh, probably probably not that much different
Speaker 1: than um, you know, war torn countries. You know, people
Speaker 1: in Syria or even recently in Afghanistan like grab what
Speaker 1: you can and hop on a plane and like I
Speaker 1: don't know where I'm going, and like there's like no certainty.
Speaker 1: Those people that can't plan for the future. UM. So
Speaker 1: you're listening to the markma Show. We're talking about bitcoin.
Speaker 1: We're talking about this decentralized revolution that's happening. I'd like
Speaker 1: to talk about how bitcoin fixes this. Bitcoin fixes a
Speaker 1: big Bitcoin uh, gives us certainty in an uncertain world. Maybe, UM,
Speaker 1: I think maybe somehow bitcoin can fix not only that
Speaker 1: give us some certainty back, but also could fix um,
Speaker 1: some of these root causes. That's causing the uncertainty at
Speaker 1: the same time. So that's gonna be interesting conversation. Uh.
Speaker 1: So I want to talk about that. And then I
Speaker 1: also want to talk about UM. This this guy that's
Speaker 1: been making quite a bit of noise for some reason,
Speaker 1: people are spread and around Twitter. I don't know why. UM,
Speaker 1: but but he's basically saying that crypto is an attack
Speaker 1: on the dollar. Um. It's an ideological driven attack on
Speaker 1: legitimacy of fiat currency. It's funny he calls fiat currency legitimate. Um.
Speaker 1: And and then he said, uh, an attack on the
Speaker 1: financial system. Um. And so I want to talk about
Speaker 1: that when we get back. He said it, he said
Speaker 1: it's a sequel to the January six attack. UM. I
Speaker 1: think this guy's living off as Rocker. We're gonna talk
Speaker 1: about that. We're talking about how bit kin fixes this.
Speaker 1: We're gonna talk about how it gives us more certainty
Speaker 1: in an uncertain world. And we'll be right back. All right,
Speaker 1: welcome back. You are listening to the Mark Mos Show,
Speaker 1: and we are talking about bitcoin. We're talking about the
Speaker 1: cryptocurrency movement, the decentralized revolution that's happening right now. I'm
Speaker 1: in the studio right now sitting down with my good
Speaker 1: friend Alex Fetzki. He's back again in the studio. I
Speaker 1: love sitting down with Alex because he has Uh man,
Speaker 1: you're you're one of the You're one of the deepest
Speaker 1: thinkers that I know. You're very thoughtful. Even as you're talking,
Speaker 1: I can tell you're you're delivering over your It's it's
Speaker 1: pretty cool. I remember the first time. I remember I
Speaker 1: told you reading one of your original writings in the
Speaker 1: Bitcoin Times or whatever, and it was cool. And then, uh,
Speaker 1: then the first time I listened to you talking to
Speaker 1: Peter McCormick and you're like starting from the base build
Speaker 1: not it was, it was amazing. But getting back to
Speaker 1: kind of where we were talking about and before the break,
Speaker 1: talking about bitcoin and and how bitcoin fixes things, and
Speaker 1: we're talking about this crazy world that we're in where
Speaker 1: we have all this uncertainty being forced upon us. Everything's
Speaker 1: being forced upon us right now. Um, you've created some
Speaker 1: optionality by being mobile and things like that, but it
Speaker 1: causes problems because now you're not planning. But so how
Speaker 1: does bitcoin fix that? Yeah? So I think let's think
Speaker 1: of it about across two dimensions. So number one is
Speaker 1: at the moment, and I'm writing an article, and this
Speaker 1: is how like bitcoin is therapy. We're buying Bitcoin is therapy.
Speaker 1: It's like it's this anchor of truth or it's almost
Speaker 1: like a pulse or a hotbeat that is consistent. A
Speaker 1: bitcoin block is mind on average every ten minutes, irrespective
Speaker 1: of what happened on the planet. You know, this politician
Speaker 1: says that, this idiot does that, this person does that,
Speaker 1: no one actually cares, Like sorry, whilst everyone may care,
Speaker 1: Bitcoin doesn't care. It's just this kind of this heartbeat.
Speaker 1: It's just code, exactly, but but it's it's more than
Speaker 1: just code. It's it's it's literally a heartbeat in terms
Speaker 1: like I like to think a bit when as a
Speaker 1: time chain, not a blockchain, and so she used those
Speaker 1: words originally well before he used the word blockchain. But
Speaker 1: if we think about bitcoin, is this kind of this
Speaker 1: this pulse that is exists and it doesn't matter what
Speaker 1: happens in the world, we always have a pulse or
Speaker 1: this anchor to to come back to um. It's it's
Speaker 1: almost like a it's like a tethered to sanity, right,
Speaker 1: you know, there's Kyle Yung used to discuss this as well.
Speaker 1: He said that the reason why a lot of people
Speaker 1: when they started studying psychology and mess with psychedelics and um,
Speaker 1: you know, decided to do past life regressions and everything.
Speaker 1: If they didn't have an anchor or a tether back
Speaker 1: to reality, they would go off the deep end. And
Speaker 1: that was Young's theory about why Nittzsche went off the
Speaker 1: deep end um, which is quite an interesting analog to
Speaker 1: bitcoin at the moment, like everyone is lacking an anchor,
Speaker 1: Everyone is lacking a tether to something real and something
Speaker 1: that is always there irrespective of the madness that's happening.
Speaker 1: And for I think this is why I feel sorry
Speaker 1: for people who haven't discovered bitcoin yet. It's like, you know,
Speaker 1: everything has become relative. We're living in the nightmare of
Speaker 1: a relative utopian dystopia where nothing everything is meaningless um,
Speaker 1: and everything is different every single day, and that drives
Speaker 1: humans crazy, like we need to have some sort of zone.
Speaker 1: Do you need to know that the ground is going
Speaker 1: to be there before you start walking? And Bitcoin, for us,
Speaker 1: I think, is that tethered to to some sort of
Speaker 1: reality that is just pulsing in the background and it
Speaker 1: exists from the background noise of the universal most every
Speaker 1: ten minutes. Every every ten minutes, another hapens exactly, so
Speaker 1: it's alive. So that's one dimension. The other dimension is
Speaker 1: how bitcoin starts to reintroduce certainty into the world by
Speaker 1: fixing the money right. So so it's the one that
Speaker 1: more people talk about I think that more people are
Speaker 1: familiar with. Is when you have a sound money that
Speaker 1: is fixed in supply, that is incorruptible, where the where
Speaker 1: the rules are fixed, so we're all playing by the
Speaker 1: same rules. We can actually have an effective game, We
Speaker 1: can plan long term, we can do things because we
Speaker 1: know that there's no debatement of the money. We know
Speaker 1: that someone is not going to co opt it and
Speaker 1: control it. While you and I are working, the other
Speaker 1: person gets to push a button and make more money
Speaker 1: than will ever make no matter what we do with
Speaker 1: our lives. Like that, that unfairness of the game is removed.
Speaker 1: So so that's sort of like the second dimensional what
Speaker 1: bitcoin does. So so it's like today, it's like a
Speaker 1: it's a it's a tether to to sanity that allows
Speaker 1: us to realize that, hey, you know there is some
Speaker 1: truth here, there's something you know there, and then long
Speaker 1: term it helps transform the incentives via which humanity operates,
Speaker 1: so that we can start to bring some certainty back
Speaker 1: into our lives again as opposed to the madness at
Speaker 1: the moment. I think about when you were saying that,
Speaker 1: I was thinking about, you know, everything everything kind of
Speaker 1: breaks down to like economics and then like time being
Speaker 1: the most scarce thing. But I was thinking about, like
Speaker 1: Mesis talks about, like in economics there is no constant
Speaker 1: because you're always measuring one thing against another and those
Speaker 1: things are always changing. But then all of a sudden,
Speaker 1: Bitcoin is like a constant, Like it's not changing because
Speaker 1: the supply of oil is changing, the supply of gold
Speaker 1: is changing, right, so whatever you're using to measure is
Speaker 1: always getting more and less, easier, more or whatever. But
Speaker 1: bitcoin is not. Yeah, in a way. But I think
Speaker 1: the maybe the constant. I don't think Australian economists talked
Speaker 1: about this a lot, but the constant that they kind
Speaker 1: of used I think was times like this thing that
Speaker 1: it's like we're all bound by that constraint. So maybe
Speaker 1: they didn't talk about it as a constant. Maybe they
Speaker 1: talk about it more as a constraint and it's an
Speaker 1: equal constraint across all of us like, I mean, you
Speaker 1: got twenty four hours ago. I mean that's the one
Speaker 1: thing that we always have, right, Yeah, okay, yeah, I
Speaker 1: guess I hadn't thought about like that. So, um, so
Speaker 1: back to how does it fix it? So then over
Speaker 1: a long enough period of time, it puts right now,
Speaker 1: this is all being driven by policy, right, All this
Speaker 1: uncertainty in the world, whether you can travel and out
Speaker 1: of a country, or whether you can fly on a plane,
Speaker 1: or whether you can open your business or whether you
Speaker 1: can have that job, is all based off of man's policy.
Speaker 1: And so I guess over a line of period of time,
Speaker 1: it creates like a constraint that then um basically doesn't
Speaker 1: allow these politicians to have fun limited power to do that. Well,
Speaker 1: the idea is that it reintroduces consequence to decision making.
Speaker 1: So what's lacking at the moment is I can create
Speaker 1: a policy, and even if the policy is the dumbest
Speaker 1: policy on the planet, and it burns a bunch of
Speaker 1: money and destroys a bunch of businesses and everything, and
Speaker 1: the school card, which is our economy, starts to look bad,
Speaker 1: then what I do is I just go print some
Speaker 1: more money top up the school card. Make it look
Speaker 1: better and lie myself out of realizing that there's a problem.
Speaker 1: And bitcoin removes that capacity because you just can't print it,
Speaker 1: you can't borrow from the future, you can't just randomly
Speaker 1: taxes like but reintroducing consequence. What ends up happening is
Speaker 1: we have to make better policies and make better decisions
Speaker 1: on our path to organizing ourselves as humans, because that's
Speaker 1: what governing is, right, it's the organizational process. And at
Speaker 1: the moment, we're organizing ourselves blind, like literally blind, and
Speaker 1: then when it doesn't work, instead of actually fixing our behavior,
Speaker 1: we just lie to ourselves a little bit more and
Speaker 1: pretend it's okay. It's like flying a plane by removing
Speaker 1: the altimeter, and it's like the plane's telling you you're
Speaker 1: crushing and you're like, I have an idea, I'll remove
Speaker 1: the altimeter. I'll pull it out. Yeah, I mean, I
Speaker 1: guess when you have no consequences, there's no there's no
Speaker 1: feedback loop. There there is, I mean, we can see it,
Speaker 1: but the consequences aren't enough, aren't severe enough that caused
Speaker 1: them to force you know, change of course, so obviously,
Speaker 1: um the inflation rate, you know, CPI was over six percent.
Speaker 1: It's obviously way higher than that. Supply chains are breaking down.
Speaker 1: I mean, we're seeing the consequences. But then they're just gaslightiness.
Speaker 1: And the thing is they're saying the consequence is something else.
Speaker 1: They're like, oh, it's because because you haven't been vaccinated.
Speaker 1: It's because you uh, you know, adding to um global warming,
Speaker 1: they said. In my previous show, I was saying, they're
Speaker 1: they're saying the inflation is caused because of supply chains
Speaker 1: are breaking down. It's a well, it is it's a
Speaker 1: logistical problem. And I said, that's true, it is a
Speaker 1: logistical problem. But what is causing the logistical problem? So
Speaker 1: it's like you have to go another layer back beyond that. Um.
Speaker 1: And then and so then they're just they're gasing and
Speaker 1: then and then they said, well, Americans just are buying
Speaker 1: too much stuff online. They need to change their buying habits, right,
Speaker 1: And they're always shifting the blame. Um, it's always derful.
Speaker 1: By the way, you're listening to the Mark Moa show,
Speaker 1: and I'm joined in the studio by my good friend
Speaker 1: Alex Fetzky. You can find him on Twitter at ghost
Speaker 1: of Fetsky. He's a ghost because the Twitter got him
Speaker 1: on his first one. Uh, of course some one Mark
Speaker 1: Moss on Twitter. You can hit us up, send us,
Speaker 1: send us a message. We're talking about, UM, how we're
Speaker 1: living in this uncertain world and how we can get
Speaker 1: more certainty back. UM, and with more certainty allows us
Speaker 1: to plan further into the future and allows us to
Speaker 1: build a bigger, better life for everybody. UM. And bitcoin
Speaker 1: can do that. Bitcoin can fix that. When we come back,
Speaker 1: I'm gonna talk about some of these comments that we're
Speaker 1: going around UM saying that bitcoin is an ideological driven
Speaker 1: attack on the legitimacy of fiat currency. We'll be right
Speaker 1: back with that. Hey, welcome back. You are listening to
Speaker 1: the Mark Moa Show. We are talking about bitcoin, of course,
Speaker 1: that's what we're talking about always. We're talking about bitcoin,
Speaker 1: We're talking about cryptocurrencies. We're talking about this decentralized revolution
Speaker 1: that's literally changing the entire world. Every facet, every area
Speaker 1: of the world is changing, and for the better, i
Speaker 1: should say, and for the better. UM. I'm in the
Speaker 1: studio sitting down face to face with my good friend
Speaker 1: Alex Spetsky. What's up, Alex, Good to have you here.
Speaker 1: We're in we're in Miami. I'm getting ready for my
Speaker 1: first live event I'm hosting here Market Disruptors Live, dot
Speaker 1: Com Marketsers Live. Alex is going to be one of
Speaker 1: the speakers there. Should be pretty awesome. We're talking about bitcoin.
Speaker 1: We were just talking about how, um, we have this
Speaker 1: world of uncertainty right now and how bitcoin could give
Speaker 1: us some certainty. Back. I liked what you said about
Speaker 1: we're in this ever shifting world and up is down
Speaker 1: and left his right, and boys or girls and who
Speaker 1: even knows anymore? Um, and so at least we have
Speaker 1: something that's like every ten minutes there's that block, So
Speaker 1: that makes good sense. I want to shift gears a
Speaker 1: little bit um and talk about this guy that I
Speaker 1: don't know. For some reason, he's like a ted ted
Speaker 1: talk speaker. I don't know why. I don't know why
Speaker 1: people are are sharing his stuff all over therenet. It
Speaker 1: doesn't seem to be like anything big. But he said,
Speaker 1: I can't I'm not even gonna say his name. But
Speaker 1: I can't stress this enough. The crypto attack on the
Speaker 1: dollar is not strictly a pump and dump or a grift.
Speaker 1: It's an ideological driven attack on the legitimate legitimacy of
Speaker 1: fiat currency, the Federal Reserve, and the incumbent financial system. Okay,
Speaker 1: let's tease that apart. So first of all, or do
Speaker 1: you want to finish well the first the first part,
Speaker 1: it's an attack on the it's not the crypto attack
Speaker 1: on the dollar is not strictly a pump and dump
Speaker 1: or a grift. It's an ideological driven attack on the
Speaker 1: legism legimacy a fiat currency in the in the finance system.
Speaker 1: So a pump and dump, grift laur An attack. Okay,
Speaker 1: so um, Crypto is a pump and dump literally fundamentally speaking.
Speaker 1: So he's wrong about that. So let's let's find the
Speaker 1: nuance here. So he's absolutely wrong. Crypto is a pump
Speaker 1: and dump, he said, it's not strictly all. He's partially
Speaker 1: right and partially wrong there. So crypto is strictly a
Speaker 1: pump and dump. Crypto is an industry that's been built
Speaker 1: around Bitcoin as a way for grifters to make money
Speaker 1: off sheep blemmings and you know people who want to
Speaker 1: get rich quick, like that squid coin last week or
Speaker 1: two weeks ago. Squid coin. I've seen one driving around
Speaker 1: called Flowaky mist literally the sign and says missed out
Speaker 1: on doge, come by flow key. Who listens to this?
Speaker 1: I mean, but people listen to it. So so crypto
Speaker 1: is fundamentally at the very core of it that may
Speaker 1: the biggest pump and dump on the planet. It has
Speaker 1: nothing to do with the bitcoin now too, is to
Speaker 1: to the second piece of nuance. Bitcoin is fundamentally an
Speaker 1: attack ideologically driven. It is an ideologically driven attack like
Speaker 1: bitcoin is ideologically an attack and affront and incompatible um uh,
Speaker 1: an incompatible monetary network with what existed before, in the
Speaker 1: same way as Internet was an attack on the phone
Speaker 1: line um and the way we communicated before. But in
Speaker 1: the same way as electricity and what Tesla built with
Speaker 1: the A C generator was an attack on candles. That
Speaker 1: that's the attack. But is it really an attack? Right?
Speaker 1: So I would say that the fiat money system or
Speaker 1: the legitimacy of yet I don't know it's legitimate, but
Speaker 1: it's it's fake. Right. But the fiat system is an
Speaker 1: attack on us. So it's an attack on us as savers.
Speaker 1: It steals our savings um, so it's an attack on us. UM.
Speaker 1: Bitcoin gives us an option out of that. It's a safety.
Speaker 1: So it's I look at more as a defensive move,
Speaker 1: um as opposed to an attack. It seems like a
Speaker 1: like an aggressive offensive move. Yeah, but I mean the best,
Speaker 1: the best defense is always an attack. Um So, So
Speaker 1: fundamentally speaking, like when something is incompatible, and I mean,
Speaker 1: look at what we are, what we are expousing in
Speaker 1: and for and about bitcoin, is that we are incompatible
Speaker 1: with the old system. Like the way I kind of
Speaker 1: describe it as we've got this existing you know, the
Speaker 1: land that we're on here and this new one and
Speaker 1: this old one. The existing one is all burning down
Speaker 1: and it's you know, it's it's it's all broken, it's
Speaker 1: in tatters, and everything is confusing. It's kind of like
Speaker 1: that rickx sona ad, you know, where everyone's jumping up
Speaker 1: and down, like falling out of cars and out of
Speaker 1: buildings and all sorts of crap. So whereas Bitcoin represents
Speaker 1: this kind of new promised land and they don't like
Speaker 1: it's it's like oil and water, they don't mix that
Speaker 1: they're fundamentally incompatible and ideologically speaking, um, bitcoin is like
Speaker 1: it says, look, I want nothing to do with the
Speaker 1: existing system. I want none of your your rules, your regulations,
Speaker 1: your your your processes, your corruption, your any of that.
Speaker 1: So so, and in our bid to sort of bring
Speaker 1: it to life, we are fundamentally making fun of the
Speaker 1: existing system. I mean everything we do, we make fun
Speaker 1: of it, like that's what we do. So so insofar
Speaker 1: as um, that's an attack, he's right, Like we we
Speaker 1: are incompatible with with that and our very existence is
Speaker 1: a is you know, is a is a finger to
Speaker 1: its existence. I guess it. I guess it. You know,
Speaker 1: as you said, right, the best defense could be offense
Speaker 1: or vice versa. I guess it is offensive and defensive.
Speaker 1: So it's it's defensive. So the Fiat money system an
Speaker 1: attack on me as a saver, me as an earner.
Speaker 1: If I'm trading my time for money, but they can
Speaker 1: go print money for free, they're steal They're putting me
Speaker 1: into slavery. So I'm defending myself against that. Um. But
Speaker 1: when I pull my money out of that system as defense,
Speaker 1: I'm also defunding them. And if I defund them, then
Speaker 1: that's an attack. Boom. I guess so, um, I guess
Speaker 1: it's like you can't be in both systems at the
Speaker 1: same time, So moving too one is fundamentally attacking the
Speaker 1: fundamentally attacking the other. I want to bring this piece up.
Speaker 1: This is UM from the International Monetary Fund MHM, which
Speaker 1: is kind of a kind of essential bank up of
Speaker 1: central banks, if you will. This was written in two
Speaker 1: thousand and uh and uh. It says the liquidation of
Speaker 1: government debt. It's a working paper. High public debt often
Speaker 1: produces the drama of default. Of course, they have too
Speaker 1: much debt, They're gonna default. But debt is also reduced
Speaker 1: through financial repression, which is a tax on bond holders
Speaker 1: and savers. So UM, it says via negative or below
Speaker 1: market real interest rates. So it's attacks on savers because
Speaker 1: of inflation, and its attacks on bond holders because they
Speaker 1: impose negative interest rates. So it says, right here, this
Speaker 1: is their plan financial repression, right, and it says, um,
Speaker 1: with capital controls and regulatory restrictions created captive audience, a
Speaker 1: captive audience for government debt, including I'm sorry, limiting tax
Speaker 1: based erosion, uh slavery. Financial repression is most successful in
Speaker 1: liquidating debt when accompanied by inflation. They literally spell out
Speaker 1: so so that's like say yeah, it says, it says
Speaker 1: trapped in the syste a captive audience for government debt.
Speaker 1: We capital controls and regulatory restrictions created a captive audience
Speaker 1: for government debt. So who's the attacker? Yeah, well this
Speaker 1: is um, this is why I think that. Didn't he
Speaker 1: have something else that he finished stuff? So then he said, um,
Speaker 1: well he said it's an ideological, ideological driven attack on
Speaker 1: the legitimacy of FIAT currency. So that's kind of funny. Legitimacy. Um, well,
Speaker 1: but that's so. So this is actually where he's right,
Speaker 1: is like, it is an ideological, ideologically driven attack on
Speaker 1: the legitimacy FIAT because we are ideologically superior to FIAT.
Speaker 1: So as a result, we attacked the inferiority and the
Speaker 1: illegitimacy of FIAT. Right, so we we we actually reveal
Speaker 1: the curtains, so we're actually like almost like, um, what's
Speaker 1: the what's the movie the Wizard of Oz? Right, we're
Speaker 1: pulling back the curtain and we're showing that it's it's
Speaker 1: not legitimate, and we're using the ideology of a bitcoin
Speaker 1: standard and a fixed money supply that it is incorruptible.
Speaker 1: As the way we unveil the illegitimacy of the PIAT thing.
Speaker 1: But anyway, yeah, and so then he went on and
Speaker 1: this is a part where we dig into he said,
Speaker 1: he said, it is the sequel to the g Anuary
Speaker 1: sixth attack. The sequel. UM. So he's liking to that,
Speaker 1: basically saying that it's you know, it's ah, it's left
Speaker 1: versus right. It's a political tool up in the traditional
Speaker 1: you know, political spectrum. I want to talk about that,
Speaker 1: UM and see see where that's where that fits. Is
Speaker 1: it Is it a right wing? Is it a left wing? Uh?
Speaker 1: If it attacks the system, does that make it political?
Speaker 1: We're gonna talk about that in a minute. UM, when
Speaker 1: we get back. You're listening to the Market show. I'm
Speaker 1: in studio. I'm actually not in studio. I'm actually UM
Speaker 1: in a suite in Miami, Florida with my good friend
Speaker 1: Alex Fetzki. We're sitting here together talking. You can find
Speaker 1: him on the Ghost of Fetzki on Twitter. Of course.
Speaker 1: I'm one Mark Moss on Twitter. UM, hit us up,
Speaker 1: ask us a question. UM, We're gonna come right back.
Speaker 1: We're gonna talk. We're talking about UM is the dollar
Speaker 1: or sorry, is bi Q when an ideological driven attack? Um?
Speaker 1: And is the generous sixth, we were back. All right,
Speaker 1: welcome back. You are listening to the Mark Ma Show,
Speaker 1: and we are talking about, of course bitcoin, each and
Speaker 1: every week, bringing to you the most up to date information. UM.
Speaker 1: I try to bring you the biggest news of the week,
Speaker 1: everything from what's going on with the price, what's going
Speaker 1: on with the technology, the network growth, what's going on
Speaker 1: with the development, what new technology companies are coming up,
Speaker 1: and then even deeper things like trying to understand idea
Speaker 1: logically what bitcoin is doing. There's so many ways to
Speaker 1: try to understand bitcoin. I've been studying and writing and
Speaker 1: researching it for over seven years and I'm still trying
Speaker 1: to figure it out. And so tune in each and
Speaker 1: every week so you can start to get all these
Speaker 1: different angles. It's a dynamic, it's multifaceted. I'm in the
Speaker 1: studio with my good friend Alex Petzky and we're talking
Speaker 1: about bitcoin being an ideological driven attack on the legitimacy
Speaker 1: of fiat currency, and so we talked about that before
Speaker 1: the break, but then there was a part where we
Speaker 1: kind of broke off from and he said it's a
Speaker 1: sequel to the January six attack. UM, I don't really
Speaker 1: know the context that he's talking about there, but it
Speaker 1: sounds like he's basically trying to call it, Um I
Speaker 1: don't know, I don't know what do what do you
Speaker 1: think he's trying to say there? It's like a it's
Speaker 1: like a radical right wing movement or something. He's trying
Speaker 1: to paint it with something. I mean, I love it
Speaker 1: it terrorism or something exactly so, so they're gonna want
Speaker 1: to I mean, I've said for ages that they're going
Speaker 1: to try to call bitcoins terrorists at some stage. So
Speaker 1: so he's kind of like the the attempt to start
Speaker 1: moving the overtson window in that direction, right. But um,
Speaker 1: I mean for me, I love it because I'm Australian
Speaker 1: and I don't even know what happened on January six,
Speaker 1: then I couldn't care less. Um, But I mean to me,
Speaker 1: I mean, even if I wasn't Australian, I don't think
Speaker 1: anyone should kill us about what happened on some specific
Speaker 1: day that a bunch of people didn't like each other
Speaker 1: because of politics, because I mean, when has that, you know,
Speaker 1: not been the case? But I think where he where
Speaker 1: this whole argument falls flat on its face is doesn't
Speaker 1: a sequel mean that um it comes after Yeah, would
Speaker 1: be the next one. Yeah, I'm pretty sure bitcoin has
Speaker 1: been around for about thirty years. What kind of a
Speaker 1: sequel s thoughts that in years before the January is like,
Speaker 1: what kind of an idiot says that. I'm sorry, but
Speaker 1: like this is just sort of the level of brain
Speaker 1: damage that these people have. Let's talk about that piece
Speaker 1: for a second. So before earlier, a couple of sections earlier,
Speaker 1: you were talking about how these people they can just
Speaker 1: keep making these policies and they just blame it on
Speaker 1: something else. And uh, we were obviously at the at
Speaker 1: the end of a game. So when you play a game,
Speaker 1: whatever it may be, when I'm out of moves, I
Speaker 1: have no more moves. We have to reset the game.
Speaker 1: And the financial system is out of moves. So the
Speaker 1: central banks have two tools, right, they can interest rates
Speaker 1: and the money supply and interest rates are zero negative,
Speaker 1: so that that tools good money supply. We have four
Speaker 1: and that tools kind of done. So it's like the
Speaker 1: system is broken. It's it has to be reset. And
Speaker 1: we're starting to see this, uh, this narrative popping up
Speaker 1: kind of what he's saying. And so we've seen Christine
Speaker 1: leguard say innovation is a threat to the financial um stability. Um,
Speaker 1: we've seen Janet Yellen coming out saying, you know, kind
Speaker 1: of the same thing. And so they're already saying like, hey,
Speaker 1: this is going to destroy the financial system, which it is,
Speaker 1: but it's not their fault. Is that we have a
Speaker 1: better option, right or how do you see that? Well? Yes, So,
Speaker 1: so first they they what they do is they actually
Speaker 1: they're actually acknowledging the fact that they're out of moves, right. So,
Speaker 1: you know, Christine Lagarde acknowledges that innovation is moving forward
Speaker 1: and it's always going to happen and it's going to
Speaker 1: cause a problem to the existing system. This guy is
Speaker 1: acknowledging the fact that bitcoin is an ideological attack. Um.
Speaker 1: You know, he kind of confuses himself because he hasn't
Speaker 1: done anythinking whatsoever on this. But you know, he uses
Speaker 1: the word crypto, which is the pump and dump component.
Speaker 1: But bitcoin is an ideological attack on the legitimacy of
Speaker 1: the field system, which exactly what it is. Um. So,
Speaker 1: so first they admit that, but in doing so they
Speaker 1: then try and like create the Overton window or push
Speaker 1: the Overton window across to say that innovation and something
Speaker 1: like bitcoin and changing the system is a is a
Speaker 1: basically terrorism, and that will be the blame that that
Speaker 1: would be what they used to blame for the unraveling
Speaker 1: of the broken Tower of Babel, House of Cards, you know,
Speaker 1: house built on quicksand that they've that they've created. And
Speaker 1: now the wind is coming and the wind is the problem. Mark,
Speaker 1: We must eliminate the wind because the wind is the terrorism. Yeah,
Speaker 1: and and and innovation is a threat and it always is.
Speaker 1: It's called creative destruction. So whenever a new way is created,
Speaker 1: destroys the old way. So cars were destruction of the
Speaker 1: buggy industry. Electricity was destruction of the candle industry, right
Speaker 1: and so um, but that's a good thing. If it
Speaker 1: wasn't better, it wouldn't survive, right. If the old way
Speaker 1: was better, it would remain the way. But of course
Speaker 1: the new way is better. Um. And so really it's
Speaker 1: about protecting their kind of monopoly that they have. But yeah,
Speaker 1: I mean, what do you think that. I mean, I'm
Speaker 1: pretty sure they're gonna blame it on the on the
Speaker 1: destruction right when it when it collapses. Um. And they
Speaker 1: try to get the public sentiment on their side. I mean,
Speaker 1: what do you what do you think that looks like,
Speaker 1: here's what's going to happen that this is and I did.
Speaker 1: I said this at the conference. I said that the
Speaker 1: line that will separate free humans from slaves is going
Speaker 1: to be those who hold central bank digital currencies versus
Speaker 1: those who hold bitcoin and the crypto, the entire crypto sphere,
Speaker 1: or the ones that are the leading cryptos, Cardano, whatever
Speaker 1: it's Cordon or whatever however pronounces it Ethereum or Cilano
Speaker 1: or whatever it else is. They will partner with the
Speaker 1: central banks because the central banks are too incompetent to
Speaker 1: produce anything like that. They literally just blanket incompetent um.
Speaker 1: So they'll need to partner with the nerds to produce something.
Speaker 1: And the nerds are gonna get their finger in the
Speaker 1: ultimate pie, which is the ability to issue money, which
Speaker 1: is the ultimate many ridge that there is no other
Speaker 1: power better, so that they're going to create their little
Speaker 1: dystopian world coin or whatever it's gonna end up being called,
Speaker 1: and that thing will basically dictate when you can spend
Speaker 1: your money, what you can spend your money for. If
Speaker 1: you say something online that they don't like or in
Speaker 1: the metaverse. You know, they'll pause your money, they'll give
Speaker 1: your money an expiry date, so that if you don't
Speaker 1: spend it in time, you know, it runs out of
Speaker 1: purchasing power. They'll do all this sort of stuff. And
Speaker 1: that is basically behavioral exactly literally so so so that
Speaker 1: is one option for people. And the other option is
Speaker 1: bitcoin as this free sovereign money where you actually own
Speaker 1: the product of your labor. And because it exists, and
Speaker 1: it's like we use this in a podcast you and
Speaker 1: I UM did together. Is like the existing system is Icarus,
Speaker 1: and the fear network in the field system is the
Speaker 1: wax wings. It's jumped off the cliff already. UM. Gravity
Speaker 1: is reality and Bitcoin is the sun. And Bitcoin is
Speaker 1: melting those wings and they are going to blame it
Speaker 1: on Bitcoin as the thing that just melted these fake
Speaker 1: scam wax wings of the money, and when they fall,
Speaker 1: it's going to be Bitcoin's fault. So I don't know,
Speaker 1: it's scary, Yeah, it's scary. The problem is is that
Speaker 1: you can't create money from thin air. You can't produce money,
Speaker 1: you can't steal somebody's labor, and that's what caused the
Speaker 1: system to fall. So even if you know, event eventually
Speaker 1: when it when it does collapse and they do try
Speaker 1: to blame it on bitcoin um and they try to
Speaker 1: kind of rebuild on this fake central bank digital currency,
Speaker 1: it's just still gonna be more of the same problem.
Speaker 1: It will. But the thing is that this is where
Speaker 1: my concern for the long you know, for humanity's next
Speaker 1: big challenge is going to be is um is once
Speaker 1: we sort of separate ourselves away from them, you know,
Speaker 1: humanity really will be two classes. It'll be it'll be
Speaker 1: you know, well, they're working hard on doing that right now.
Speaker 1: You're you're you're your comrade there, I should say whatever
Speaker 1: your rulers down in Australia or New South Wales. I
Speaker 1: mean they're trying to they've already openly admitted that. Well
Speaker 1: that in Queensland just rolled out there thing as well.
Speaker 1: It's like you can't even go to a hospital now. Well,
Speaker 1: in California, UM, I had surgery and February on my
Speaker 1: hip orthoscopic surgery and it's not that much better. A
Speaker 1: few months ago I had m R I and uh,
Speaker 1: they said that I'll do it remote while I was
Speaker 1: in Puerto Rico. Well, now they changed rules. You can't
Speaker 1: go to the hospital without UM. And and now they
Speaker 1: won't do the phone consultation for me. Now now I
Speaker 1: have to go in and do it. But like Folio safety, Mack,
Speaker 1: we will kill you. Yeah, just say so. Anyway, man,
Speaker 1: this is some crazy stuff. I know, we're kind of
Speaker 1: going deep here. We're talking about, of course bitcoin, talking
Speaker 1: about this decentralized revolution. You listen to the Markmas Show.
Speaker 1: I'm in the studio with my good friend Alex Fetzky
Speaker 1: ghost of Fetzky on Twitter. I'm one Mark Moss on
Speaker 1: Twitter as well. And UM, you know, I'm bringing to
Speaker 1: you the information you need to know each and every week.
Speaker 1: You know, we'll talk about the price, we'll talk about
Speaker 1: the technology, we'll talk about the growth, we'll talk about
Speaker 1: the you know, the user adoption. We'll talk about the
Speaker 1: bank's adoption. We'll talk about the technology growth. Um, but
Speaker 1: you need to understand it from a bunch of different angles.
Speaker 1: It's difficult to grasp because you have to kind of
Speaker 1: know all these different disciplines game theory, philosophy, incentive structures, technology,
Speaker 1: monetary systems, history. I mean, you know at all, but
Speaker 1: I'm gonna bring it to you each and every week.
Speaker 1: So pull your phone out, put a put a reminder
Speaker 1: for this time for this channel to be back with
Speaker 1: me right here as we go through understanding Bitcoin de
Speaker 1: Centralized Revolution, I'm Mark Muss. Thanks for listening.