1 00:00:00,600 --> 00:00:03,000 Speaker 1: Hey, everyone, welcome back to another episode of the Markma 2 00:00:03,120 --> 00:00:07,720 Speaker 1: Show where we talk about politics, finance, technology. We talked 3 00:00:07,720 --> 00:00:10,760 Speaker 1: about the decentralized revolution. Of course we're talking about bitcoin. 4 00:00:11,320 --> 00:00:15,120 Speaker 1: I'm joined in the studio today by Dennis Porter. He's 5 00:00:15,120 --> 00:00:18,040 Speaker 1: a political advocate. He's the host of the podcast called 6 00:00:18,120 --> 00:00:21,520 Speaker 1: Smart People Beep. I can't say that because we're on radio. 7 00:00:22,000 --> 00:00:24,360 Speaker 1: I think you can fill in the blank there. Um. Anyway, 8 00:00:24,400 --> 00:00:26,920 Speaker 1: you can find them on Twitter at Dennis Underscore Porter 9 00:00:27,200 --> 00:00:29,880 Speaker 1: Underscore A little bit tough anyway, Dennis, thanks so much 10 00:00:29,920 --> 00:00:32,159 Speaker 1: for joining me in the studio today. Pumped to be 11 00:00:32,240 --> 00:00:34,720 Speaker 1: here with you, Mark, Um, I'm ready to get into 12 00:00:34,720 --> 00:00:39,400 Speaker 1: it today. Nice. Nice. You know, Um, you know, the 13 00:00:39,479 --> 00:00:42,240 Speaker 1: decentralized Revolution. I talk a lot about how technology changes 14 00:00:42,280 --> 00:00:43,960 Speaker 1: the world. It changes the way that we communicate, change 15 00:00:43,960 --> 00:00:45,920 Speaker 1: the way that we organized, and so that's what really, 16 00:00:46,000 --> 00:00:47,519 Speaker 1: you know, creates all these shifts as you go back 17 00:00:47,520 --> 00:00:50,480 Speaker 1: through thousands of years of history. Um, and this decentralized 18 00:00:50,479 --> 00:00:52,599 Speaker 1: revolution is a big piece of it. You know. Bitcoin 19 00:00:53,680 --> 00:00:58,320 Speaker 1: is like a thread that weaves through every area of society, 20 00:00:58,920 --> 00:01:01,000 Speaker 1: and so for each of us a kind of attaches 21 00:01:01,080 --> 00:01:04,240 Speaker 1: to us a little bit differently. For myself, it's kind 22 00:01:04,240 --> 00:01:08,120 Speaker 1: of like the historical narrative side of monetary um and 23 00:01:08,120 --> 00:01:10,000 Speaker 1: it's and it's and it's like politics. So I kind 24 00:01:10,000 --> 00:01:11,880 Speaker 1: of like the politics and the and the history side 25 00:01:12,319 --> 00:01:13,959 Speaker 1: UM and so that's what I tend to talk about 26 00:01:14,000 --> 00:01:17,200 Speaker 1: in regards to bitcoin and UM. You two. It seems like, right, 27 00:01:17,240 --> 00:01:18,800 Speaker 1: you're you like to kind of focus on it from 28 00:01:18,840 --> 00:01:22,120 Speaker 1: like the political side. Yeah. Absolutely. When I first jumped in, 29 00:01:22,319 --> 00:01:24,040 Speaker 1: you know, I think I got into it for the 30 00:01:24,760 --> 00:01:26,720 Speaker 1: you know, fix the money, fixed the world aspect, like 31 00:01:26,800 --> 00:01:28,680 Speaker 1: we all did, you know, number go up was great, 32 00:01:29,040 --> 00:01:31,920 Speaker 1: But eventually I started to really hyper focus on the 33 00:01:31,959 --> 00:01:34,920 Speaker 1: impact that bitcoin would have politically across the United States 34 00:01:34,920 --> 00:01:37,640 Speaker 1: and across the globe. I have a small background in politics, 35 00:01:37,640 --> 00:01:39,360 Speaker 1: so you know, I've helped I was trained as a 36 00:01:39,400 --> 00:01:42,679 Speaker 1: campaign manager. I ran several campaigns, did some behind the 37 00:01:42,720 --> 00:01:45,920 Speaker 1: scenes work, UM did some opposites and research. Helped four 38 00:01:45,959 --> 00:01:49,000 Speaker 1: candidates win their primaries. Hoping to get my fifth this 39 00:01:49,120 --> 00:01:51,520 Speaker 1: year as well, to be five for five. But I 40 00:01:51,560 --> 00:01:55,360 Speaker 1: just really see that the United States could significantly benefit 41 00:01:55,440 --> 00:01:59,080 Speaker 1: from a more popular bitcoin approach from the political spectrum. 42 00:01:59,120 --> 00:02:01,200 Speaker 1: So just fighting every day to make sure that we 43 00:02:01,240 --> 00:02:03,080 Speaker 1: are part of the future instead of the past when 44 00:02:03,080 --> 00:02:06,120 Speaker 1: it comes to bitcoin in America. Yeah, I know, you 45 00:02:06,160 --> 00:02:08,200 Speaker 1: and I we traded quite a few messages on Twitter, 46 00:02:08,280 --> 00:02:10,680 Speaker 1: like a week ago or whatever talking about that, and 47 00:02:11,560 --> 00:02:13,720 Speaker 1: I think I made the statement that it's, uh, it's 48 00:02:13,720 --> 00:02:16,640 Speaker 1: really anti I see it as like, uh, some people 49 00:02:16,840 --> 00:02:21,480 Speaker 1: call it a political, almost calling it like anti political. Um, 50 00:02:21,480 --> 00:02:23,760 Speaker 1: it's neutral. I mean it's a it's a protocol. Right. 51 00:02:23,840 --> 00:02:26,320 Speaker 1: It's like saying, like a screw driver's political. Right. If 52 00:02:26,360 --> 00:02:28,200 Speaker 1: I stabbed the right wing person, then it's a left 53 00:02:28,240 --> 00:02:29,840 Speaker 1: wing tool, and if I stabbed the left wing person 54 00:02:29,840 --> 00:02:31,600 Speaker 1: as the right wing tool. Um, I look at it 55 00:02:31,639 --> 00:02:34,520 Speaker 1: as a political anti political. Uh. You don't necessarily agree 56 00:02:34,520 --> 00:02:37,320 Speaker 1: with that kind of give me your your thought process 57 00:02:37,360 --> 00:02:40,720 Speaker 1: on that to this. You know, in some ways we agree, Mark, 58 00:02:40,960 --> 00:02:43,880 Speaker 1: I really agree with this idea that bitcoin is a 59 00:02:43,960 --> 00:02:46,520 Speaker 1: political I don't think it has sides. I don't think 60 00:02:46,560 --> 00:02:50,000 Speaker 1: it associates with one party in particular. I'm more so 61 00:02:50,120 --> 00:02:52,880 Speaker 1: see it as a tool. But as a tool, we're 62 00:02:52,880 --> 00:02:56,520 Speaker 1: going to see it have massive implications or massive a 63 00:02:56,560 --> 00:03:00,080 Speaker 1: massive impact on politics. We can already see the way 64 00:03:00,120 --> 00:03:02,440 Speaker 1: that it's impacting the mid terms, and I think it 65 00:03:02,440 --> 00:03:04,480 Speaker 1: will go on to continue to be a major issue 66 00:03:04,480 --> 00:03:07,640 Speaker 1: in American politics today. I think that, you know, essentially, 67 00:03:08,240 --> 00:03:10,360 Speaker 1: what's the point of bitcoin, right, destroying the money printer 68 00:03:10,480 --> 00:03:12,239 Speaker 1: and giving it back to the people, that's a very 69 00:03:12,280 --> 00:03:15,520 Speaker 1: political movement. So I just see bitcoin, although it is 70 00:03:15,600 --> 00:03:18,720 Speaker 1: very a political that it will have a massive ramification 71 00:03:18,800 --> 00:03:20,960 Speaker 1: on the way that politics is done, not only here 72 00:03:20,960 --> 00:03:23,560 Speaker 1: but across the world. And you know, people try oftentimes 73 00:03:23,600 --> 00:03:25,280 Speaker 1: get mad at me, right, like, you know, stay away 74 00:03:25,320 --> 00:03:27,480 Speaker 1: from politics. We don't need to be involved in government. 75 00:03:27,880 --> 00:03:29,760 Speaker 1: But I want to make sure that my country, the 76 00:03:29,800 --> 00:03:32,920 Speaker 1: United States, moves forward. I want to be forward on 77 00:03:32,919 --> 00:03:34,680 Speaker 1: this issue. And in order for us to do that 78 00:03:34,920 --> 00:03:37,320 Speaker 1: in the next five to ten years, we're gonna have 79 00:03:37,360 --> 00:03:39,120 Speaker 1: to be friends with legislators, We're gonna have to be 80 00:03:39,160 --> 00:03:42,360 Speaker 1: friends with policymakers. And I want to make sure that 81 00:03:42,360 --> 00:03:44,360 Speaker 1: the United States is in a position to benefit from 82 00:03:44,360 --> 00:03:47,640 Speaker 1: this technology and benefit from the move of the miners 83 00:03:47,720 --> 00:03:50,720 Speaker 1: leaving China and coming to America. If we aren't careful, 84 00:03:50,760 --> 00:03:53,000 Speaker 1: we could end up in a situation where we end 85 00:03:53,040 --> 00:03:55,640 Speaker 1: up banning bitcoin mining or banning bitcoin, and that would 86 00:03:55,680 --> 00:03:57,760 Speaker 1: make us a lot more like the CCP, and I 87 00:03:57,800 --> 00:04:00,880 Speaker 1: personally want to be a lot more like elsavad or. Yeah, 88 00:04:00,920 --> 00:04:02,640 Speaker 1: I certainly don't want to be like the CCP, that's 89 00:04:02,640 --> 00:04:04,800 Speaker 1: for sure. You know. The one thing I think about, though, 90 00:04:04,880 --> 00:04:09,600 Speaker 1: like in in that is that, Um, first off, today 91 00:04:09,680 --> 00:04:12,520 Speaker 1: we've seen this situation where like freedom now is like 92 00:04:12,600 --> 00:04:17,000 Speaker 1: some fringe right wing ideal, right like freedom like to me. 93 00:04:17,080 --> 00:04:19,320 Speaker 1: So I guess I guess some of it's like semantics 94 00:04:19,400 --> 00:04:20,640 Speaker 1: or the way that you look at things like I 95 00:04:20,680 --> 00:04:24,479 Speaker 1: don't look at freedom as like political ideology, like it's 96 00:04:24,480 --> 00:04:27,720 Speaker 1: just freedom right like Um, so I guess when when 97 00:04:27,760 --> 00:04:29,760 Speaker 1: you think about it in terms of like bitcoin and 98 00:04:29,839 --> 00:04:34,320 Speaker 1: bitcoin gives me freedom to transact. Um, I guess freedom 99 00:04:34,360 --> 00:04:37,080 Speaker 1: today seems like a right wing ideology, but um, I 100 00:04:37,080 --> 00:04:38,359 Speaker 1: don't see it that way. So I guess some of 101 00:04:38,360 --> 00:04:40,120 Speaker 1: it is that. But then also back to just even 102 00:04:40,120 --> 00:04:43,320 Speaker 1: more political um you know, I know as you've been 103 00:04:43,320 --> 00:04:45,920 Speaker 1: diving into the political side more, um, you do have 104 00:04:46,080 --> 00:04:47,800 Speaker 1: It was what really kind of sparked that off, I 105 00:04:47,800 --> 00:04:50,640 Speaker 1: think was Ted Cruz was talking about, um, how the 106 00:04:50,720 --> 00:04:52,640 Speaker 1: liberals want to take away and he I guess he 107 00:04:52,680 --> 00:04:54,160 Speaker 1: kind of made that statement and kind of pitted the 108 00:04:54,160 --> 00:04:56,000 Speaker 1: two against each other, right where the liberals want to 109 00:04:56,040 --> 00:04:58,040 Speaker 1: censor you and tell you what you can do. Bitcoin 110 00:04:58,080 --> 00:04:59,760 Speaker 1: gives you the opportunity get around that. So that's now 111 00:04:59,800 --> 00:05:01,880 Speaker 1: it's right wing, right, But then you have I know, 112 00:05:01,920 --> 00:05:03,640 Speaker 1: you've been working with like Erica Rhodes and she's a 113 00:05:03,680 --> 00:05:07,000 Speaker 1: Democrat and she's running on bitcoin. So uh, from that standpoint, 114 00:05:07,000 --> 00:05:10,520 Speaker 1: then it is a political I guess yeah. But I 115 00:05:11,040 --> 00:05:13,039 Speaker 1: like Ted Cruz and I like that he's been forward 116 00:05:13,040 --> 00:05:14,479 Speaker 1: in the sense that I like that he's been forward 117 00:05:14,520 --> 00:05:16,640 Speaker 1: on the issue of bitcoin. I think he has been 118 00:05:16,760 --> 00:05:19,400 Speaker 1: one of the strongest advocates recently, and he's done a 119 00:05:19,400 --> 00:05:21,240 Speaker 1: great job of speaking about it. There was just that 120 00:05:21,320 --> 00:05:24,000 Speaker 1: one line, you know, you know, the left doesn't like 121 00:05:24,080 --> 00:05:27,480 Speaker 1: bitcoin because they can't control it, And I just really 122 00:05:27,480 --> 00:05:29,200 Speaker 1: want to make sure that we as a country and 123 00:05:29,200 --> 00:05:31,359 Speaker 1: we as a people stay away from that kind of 124 00:05:31,400 --> 00:05:34,839 Speaker 1: partisan politics around bitcoin. Um, obviously bitcoin in this sense 125 00:05:34,920 --> 00:05:36,960 Speaker 1: is very political, but really we've got to be careful 126 00:05:37,000 --> 00:05:39,159 Speaker 1: with the part is an aspect of this bit of 127 00:05:39,160 --> 00:05:42,040 Speaker 1: bitcoin as an issue, and the main reason why we 128 00:05:42,080 --> 00:05:43,520 Speaker 1: want to do that is so that we don't get 129 00:05:43,560 --> 00:05:47,040 Speaker 1: into a situation where one party is constantly fighting back 130 00:05:47,040 --> 00:05:49,800 Speaker 1: against this technology. That will result in a world where 131 00:05:49,839 --> 00:05:52,600 Speaker 1: fifty of the time we are fighting back as an 132 00:05:52,760 --> 00:05:57,320 Speaker 1: industry and as holders against bad policy, whereas if both 133 00:05:57,360 --> 00:06:00,120 Speaker 1: parties were working together in tandem, that would mean that 134 00:06:00,160 --> 00:06:04,600 Speaker 1: we're fighting aggressively competing for better policy. Each party is 135 00:06:04,640 --> 00:06:06,839 Speaker 1: like trying to outdo each other, so it's a fifty 136 00:06:06,880 --> 00:06:08,799 Speaker 1: percent of the time fighting bad policy or a hundred 137 00:06:08,800 --> 00:06:11,560 Speaker 1: percent of the time competing over better policy kind of situation. 138 00:06:11,600 --> 00:06:14,080 Speaker 1: But yeah, I've seen a lot of Democrats getting on board. 139 00:06:14,520 --> 00:06:18,040 Speaker 1: There's this narrative that Republicans own bitcoin in the sense 140 00:06:18,080 --> 00:06:20,960 Speaker 1: that they are more in align with bitcoin than others, 141 00:06:20,960 --> 00:06:22,720 Speaker 1: and I just don't think that's true. There was a 142 00:06:22,760 --> 00:06:26,239 Speaker 1: report put out recently that six of bitcoin and digital 143 00:06:26,240 --> 00:06:29,719 Speaker 1: asset holders are Democrat voters. I just think that the 144 00:06:29,760 --> 00:06:33,440 Speaker 1: party as a whole, the actual legislators, have done a 145 00:06:33,440 --> 00:06:35,359 Speaker 1: better job of getting in front of this issue. But 146 00:06:35,440 --> 00:06:37,280 Speaker 1: mostly then my opinion, that has to do with this 147 00:06:37,440 --> 00:06:41,640 Speaker 1: idea that for a few reasons one, Republicans are the 148 00:06:41,680 --> 00:06:44,120 Speaker 1: party out of power, and the party out of power 149 00:06:44,200 --> 00:06:47,480 Speaker 1: is always looking for ways to change or overcome the 150 00:06:47,520 --> 00:06:51,000 Speaker 1: status quo, and bitcoin is an obvious way to overcome 151 00:06:51,279 --> 00:06:53,640 Speaker 1: the status quo. Um, and it's a way to kind 152 00:06:53,640 --> 00:06:56,320 Speaker 1: of give a you know, a pushback on the federal government, 153 00:06:56,320 --> 00:06:59,520 Speaker 1: and Republicans are naturally very anti federal government more in 154 00:06:59,560 --> 00:07:03,119 Speaker 1: line with its rights. But we are seeing very large 155 00:07:03,120 --> 00:07:06,360 Speaker 1: push from Democrats. We've seen ten Democrats, led by Darren 156 00:07:06,440 --> 00:07:09,080 Speaker 1: Soto and Rokana write a letter to Nancy Pelosi to say, 157 00:07:09,440 --> 00:07:11,840 Speaker 1: we do not agree with the cryptotax reporting Amendment and 158 00:07:11,880 --> 00:07:14,160 Speaker 1: we do not want this kind of legislation pushed forward 159 00:07:14,160 --> 00:07:16,080 Speaker 1: in this country. So yeah, working with all sorts of 160 00:07:16,080 --> 00:07:18,520 Speaker 1: Democrats because I think it's key that we make sure 161 00:07:18,520 --> 00:07:22,160 Speaker 1: that we maintain this as a bipartisan issue. Yeah, you know, 162 00:07:22,280 --> 00:07:25,200 Speaker 1: I was saying, I think, um back to the a 163 00:07:25,320 --> 00:07:28,120 Speaker 1: political versus what I've been saying is like anti political 164 00:07:28,160 --> 00:07:32,360 Speaker 1: in a sense where um, you know, I Alex Fetzki 165 00:07:32,400 --> 00:07:34,200 Speaker 1: and I just got together did a book Sprint and 166 00:07:34,240 --> 00:07:36,760 Speaker 1: we wrote a book which we're having a Kickstarter campaign 167 00:07:36,800 --> 00:07:39,680 Speaker 1: launch next week Uncommunist dot com. By the way, go 168 00:07:39,760 --> 00:07:41,640 Speaker 1: check that out on commist dot com. But we basically 169 00:07:41,640 --> 00:07:45,040 Speaker 1: took the Communist Manifesto, which is only four chapters, eight 170 00:07:45,040 --> 00:07:47,320 Speaker 1: thousand words, it's like a forty five minute pamphlet, and 171 00:07:47,360 --> 00:07:50,920 Speaker 1: we we rewrote it and we said that in that 172 00:07:51,000 --> 00:07:55,160 Speaker 1: book Karl Marks put the struggle between classes, the rich 173 00:07:55,280 --> 00:08:00,600 Speaker 1: versus the poor. Um. Hitler put the struggle between races, right, um, 174 00:08:00,640 --> 00:08:03,760 Speaker 1: And we said that that's all wrong. Um. Instead of uh, 175 00:08:03,880 --> 00:08:06,800 Speaker 1: instead of left or right or red or blue, Democrat Republican, 176 00:08:07,240 --> 00:08:13,000 Speaker 1: it's individuals versus collectivists. So really it's the people versus 177 00:08:13,040 --> 00:08:15,720 Speaker 1: the government. And almost like politics is meant to divide 178 00:08:15,720 --> 00:08:17,880 Speaker 1: the people. And so what we said is that the 179 00:08:17,920 --> 00:08:21,360 Speaker 1: struggle is between classes or politics. The struggle is between 180 00:08:21,400 --> 00:08:24,640 Speaker 1: the individual and the collective is always trying to pull 181 00:08:24,720 --> 00:08:27,840 Speaker 1: them into groups. And so I guess that's what I 182 00:08:27,880 --> 00:08:30,880 Speaker 1: say when I think about like a political Um, the 183 00:08:30,920 --> 00:08:34,160 Speaker 1: source of the political party's power comes from that money 184 00:08:34,160 --> 00:08:37,040 Speaker 1: and that money printer, and uh, I believe that if 185 00:08:37,080 --> 00:08:40,040 Speaker 1: we take away the money printer, then we would see 186 00:08:40,080 --> 00:08:42,760 Speaker 1: the size of the government shrink way down. We'd see 187 00:08:42,840 --> 00:08:45,800 Speaker 1: the politics shrink way down. And that's why I would 188 00:08:45,840 --> 00:08:48,199 Speaker 1: call it like the death of politics into politics, because 189 00:08:48,480 --> 00:08:51,320 Speaker 1: we don't need to be partisan on these things. It's like, look, 190 00:08:51,320 --> 00:08:54,400 Speaker 1: we're just all individuals, um, trying to do the best 191 00:08:54,400 --> 00:08:59,760 Speaker 1: that we can against this state apparatus kind of a thing. Um, 192 00:09:00,000 --> 00:09:01,840 Speaker 1: you're just tuning in you're listening to the Mark Moss Show. 193 00:09:01,920 --> 00:09:05,000 Speaker 1: We're talking about if you haven't guessed it, Bitcoin. We're 194 00:09:05,000 --> 00:09:08,320 Speaker 1: talking about the intersection of politics, finance, and technology, which 195 00:09:08,320 --> 00:09:10,920 Speaker 1: of course is bitcoin, is the decentralized revolution. I'm in 196 00:09:10,920 --> 00:09:14,439 Speaker 1: the studio with Dennis porter Um. You can find him 197 00:09:14,559 --> 00:09:19,480 Speaker 1: on on Twitter at Dennis Underscore porter underscore Um. You 198 00:09:19,520 --> 00:09:21,440 Speaker 1: can also find him as a host of the podcast 199 00:09:21,520 --> 00:09:24,640 Speaker 1: Smart People Deep. You can figure that out. We're talking 200 00:09:24,640 --> 00:09:27,000 Speaker 1: about these topics. We have a lot more to dig into. 201 00:09:27,040 --> 00:09:29,600 Speaker 1: I want to talk about executive actions that are potentially coming. 202 00:09:29,600 --> 00:09:32,079 Speaker 1: I want to talk about what countries will adopt it next, 203 00:09:32,360 --> 00:09:34,160 Speaker 1: and so much more. Don't go away over you right back, 204 00:09:34,559 --> 00:09:36,760 Speaker 1: all right, welcome back. You're listening to the Mark mo Show. 205 00:09:36,760 --> 00:09:40,520 Speaker 1: We're talking about the intersection of politics, finance, and technology. 206 00:09:40,559 --> 00:09:43,800 Speaker 1: We're talking about the decentralized revolution that is changing the world. 207 00:09:43,880 --> 00:09:46,440 Speaker 1: Of course, that's bitcoin that is doing that. I'm in 208 00:09:46,440 --> 00:09:49,479 Speaker 1: the studio with Dennis porter and we're talking about politics 209 00:09:49,520 --> 00:09:52,320 Speaker 1: and UH and tech. Before the break, I was kind 210 00:09:52,320 --> 00:09:54,120 Speaker 1: of going on a rant and Dennis didn't get a 211 00:09:54,200 --> 00:09:56,240 Speaker 1: chance to reply to that, but I was talking about 212 00:09:56,240 --> 00:09:58,920 Speaker 1: this UH, this book on communist dot com that's Fetzky 213 00:09:58,920 --> 00:10:00,960 Speaker 1: and I wrote, and the strung go between the individual 214 00:10:01,040 --> 00:10:03,120 Speaker 1: and the and the and the collectivist or the group. 215 00:10:04,160 --> 00:10:06,120 Speaker 1: And so that's kind of why my view is anti political. 216 00:10:06,160 --> 00:10:09,360 Speaker 1: What do you think about that? You know, I would 217 00:10:09,400 --> 00:10:13,839 Speaker 1: say that when you're talking about bitcoin, um and it's 218 00:10:13,880 --> 00:10:17,719 Speaker 1: interaction with the state from the perspective that democrats might 219 00:10:17,760 --> 00:10:20,080 Speaker 1: not like it because or socialists might not like it 220 00:10:20,120 --> 00:10:22,959 Speaker 1: because you know, bitcoin kind of erodes the state or 221 00:10:23,000 --> 00:10:25,560 Speaker 1: pushes back on the state. I think ultimately for most 222 00:10:25,559 --> 00:10:31,240 Speaker 1: people there there's this over attribution that democrats love the 223 00:10:31,320 --> 00:10:33,800 Speaker 1: state and that they're just in love with this power 224 00:10:33,880 --> 00:10:37,120 Speaker 1: that they have, when I think in reality, they see 225 00:10:37,120 --> 00:10:39,200 Speaker 1: the state as a tool, very much like we see 226 00:10:39,240 --> 00:10:42,080 Speaker 1: bitcoin as a tool, and it's the you know, to them, 227 00:10:42,120 --> 00:10:44,800 Speaker 1: the best means possible for them to help the average 228 00:10:44,840 --> 00:10:47,120 Speaker 1: person and to help the individual. You and me know, 229 00:10:47,400 --> 00:10:50,240 Speaker 1: I think and agree that it's not necessarily really shouldn't 230 00:10:50,240 --> 00:10:52,240 Speaker 1: be used as a tool to help the individual ends 231 00:10:52,280 --> 00:10:54,440 Speaker 1: up you know, getting corrupt, having all these money problems. 232 00:10:54,520 --> 00:10:56,160 Speaker 1: But now all I'm talking to a lot of my 233 00:10:56,200 --> 00:10:59,920 Speaker 1: Democrat friends who are bitcoiners, and they see bitcoin as 234 00:11:00,000 --> 00:11:02,440 Speaker 1: a better tool and a real tool that can actually 235 00:11:02,440 --> 00:11:07,920 Speaker 1: help those individuals in you know, historically left behind communities, um, 236 00:11:08,000 --> 00:11:12,280 Speaker 1: disenfranchised groups. And so I think Republicans people on the right, 237 00:11:12,400 --> 00:11:14,760 Speaker 1: and Democrats and on the left they want to help 238 00:11:14,760 --> 00:11:17,120 Speaker 1: the individual they just go about it from different ways. 239 00:11:17,160 --> 00:11:18,839 Speaker 1: Some like to use government and the other ones you know, 240 00:11:18,920 --> 00:11:21,520 Speaker 1: kind of don't. Yeah, I would agree with you on that. Um. 241 00:11:21,520 --> 00:11:23,240 Speaker 1: I've talked to many of my friends who were on 242 00:11:23,280 --> 00:11:25,720 Speaker 1: the opposite side of the spectrum and we can both 243 00:11:25,880 --> 00:11:28,480 Speaker 1: kind of see the same problem. Um, but it's just 244 00:11:28,520 --> 00:11:30,640 Speaker 1: different solutions to that. So I would agree with that. 245 00:11:30,960 --> 00:11:33,840 Speaker 1: Now back to kind of as you were saying, it's 246 00:11:33,920 --> 00:11:35,720 Speaker 1: you know, more and more politics getting into it. We 247 00:11:35,760 --> 00:11:39,079 Speaker 1: have Republicans like Ted Cruz, and we have people Democrats 248 00:11:39,120 --> 00:11:41,199 Speaker 1: on the left like Erica who I had on the 249 00:11:41,280 --> 00:11:43,680 Speaker 1: radio show I think two weeks ago. Um, and you 250 00:11:43,760 --> 00:11:46,760 Speaker 1: have what what I'm seeing. And I'm curious your take 251 00:11:46,800 --> 00:11:50,360 Speaker 1: on this, but um, was it The mayor of a 252 00:11:50,400 --> 00:11:52,640 Speaker 1: New York City ran on like a pro bitcoin stance 253 00:11:52,640 --> 00:11:55,079 Speaker 1: and he's gonna make bitcoin capital of the World or whatever, 254 00:11:55,120 --> 00:11:56,320 Speaker 1: and then all of a sudden he wants to ban 255 00:11:56,400 --> 00:11:59,120 Speaker 1: bitcoin mining. And it's like almost like this bait and 256 00:11:59,200 --> 00:12:02,000 Speaker 1: switch then we had Erka on and and I love 257 00:12:02,040 --> 00:12:03,599 Speaker 1: what she's doing. I especially love that she wants to 258 00:12:03,640 --> 00:12:05,480 Speaker 1: replace Brad Sherman because I really like to see him 259 00:12:05,480 --> 00:12:07,280 Speaker 1: out of there. But she's running on like a pro 260 00:12:07,360 --> 00:12:09,559 Speaker 1: welfare stance, and it's like, how does bitcoin doesn't really 261 00:12:09,640 --> 00:12:12,400 Speaker 1: work with pro welfare? So like, um, I guess do 262 00:12:12,400 --> 00:12:14,360 Speaker 1: you see some danger? I guess I should say, do 263 00:12:14,400 --> 00:12:17,640 Speaker 1: you think there's some danger into these politicians co opting 264 00:12:17,720 --> 00:12:21,160 Speaker 1: bitcoin and then kind of do this bait and switch. Yeah. Absolutely, 265 00:12:21,200 --> 00:12:23,120 Speaker 1: I think that's always a danger for any sort of 266 00:12:23,120 --> 00:12:25,760 Speaker 1: political movement to make sure that it's not co opted 267 00:12:26,080 --> 00:12:28,680 Speaker 1: for me, regardless of you know, someone like Erica Rhodes, 268 00:12:28,720 --> 00:12:31,320 Speaker 1: whether she comes through on her promise to protect bitcoin. 269 00:12:31,679 --> 00:12:33,440 Speaker 1: The biggest thing that we're doing in that race is 270 00:12:33,480 --> 00:12:35,600 Speaker 1: making sure that we eliminate Brad Sherman and then we 271 00:12:35,640 --> 00:12:38,440 Speaker 1: send a message to UM those in d C that 272 00:12:38,480 --> 00:12:40,560 Speaker 1: we're not going to put up with guys like Brad 273 00:12:40,600 --> 00:12:43,480 Speaker 1: Sherman trying to attack and destroy the opportunity for the 274 00:12:43,520 --> 00:12:46,800 Speaker 1: America to move forward on bitcoin. So yeah, there is 275 00:12:46,880 --> 00:12:49,960 Speaker 1: oftentimes some things I think that people, you know, they 276 00:12:49,960 --> 00:12:52,480 Speaker 1: they interact with bitcoin, they like it. UM and they 277 00:12:52,520 --> 00:12:54,439 Speaker 1: don't understand that some of the goals that they want 278 00:12:54,440 --> 00:12:57,079 Speaker 1: to accomplish, some of the ends that they want to pursue, 279 00:12:57,720 --> 00:13:00,040 Speaker 1: really just are not an alignment with Bitcoin. And I 280 00:13:00,280 --> 00:13:02,080 Speaker 1: just leave that up for them to learn on their own, right, 281 00:13:02,080 --> 00:13:04,520 Speaker 1: because it's kind of impossible to change their minds on 282 00:13:04,559 --> 00:13:06,800 Speaker 1: some of those issues. Yeah, I think they will, you know, 283 00:13:06,960 --> 00:13:09,160 Speaker 1: um as you know, um, being in the bitcoin space, 284 00:13:09,200 --> 00:13:11,920 Speaker 1: like bitcoin changes you and it's you know, like once 285 00:13:11,960 --> 00:13:13,719 Speaker 1: you get into bitcoin, it it starts you start looking 286 00:13:13,760 --> 00:13:15,480 Speaker 1: at the world to dose like orange colored lenses and 287 00:13:15,520 --> 00:13:18,200 Speaker 1: everything just looks differently. I think we've seen that most 288 00:13:18,600 --> 00:13:21,720 Speaker 1: recently with the President Boukaylie and Nel Salvador. I mean 289 00:13:22,760 --> 00:13:25,080 Speaker 1: from where I see, I saw what he was talking 290 00:13:25,080 --> 00:13:27,040 Speaker 1: about and doing when he first kind of came on 291 00:13:27,080 --> 00:13:28,680 Speaker 1: the scene to where he's at now, it seems like 292 00:13:28,679 --> 00:13:31,280 Speaker 1: he's been totally changed. So to your point, I think, 293 00:13:31,320 --> 00:13:33,400 Speaker 1: you know, with the Erica Rhodes, etcetera, like they'll they'll 294 00:13:33,440 --> 00:13:36,240 Speaker 1: they'll get it more and more now, um switching gears 295 00:13:36,240 --> 00:13:40,600 Speaker 1: a little bit. Um. I liked what you said there. Right, 296 00:13:40,640 --> 00:13:42,920 Speaker 1: It wakes up Washington to like, hey, this is what 297 00:13:42,960 --> 00:13:45,199 Speaker 1: the people want. One of the biggest objections I have 298 00:13:45,360 --> 00:13:47,760 Speaker 1: heard to bitcoin is like, yeah, yeah, yeah, the government's 299 00:13:47,760 --> 00:13:50,600 Speaker 1: going to make it illegal. And I've often said that, yeah, well, 300 00:13:50,679 --> 00:13:52,480 Speaker 1: if a billion people don't want it to be illegal, 301 00:13:52,559 --> 00:13:54,640 Speaker 1: it ain't gonna be illegal kind of a thing. Um, 302 00:13:54,640 --> 00:13:57,520 Speaker 1: it seems like maybe one of the biggest attack vectors 303 00:13:57,559 --> 00:14:01,120 Speaker 1: that I might see coming. Not really have an inside knowledge, 304 00:14:01,160 --> 00:14:03,480 Speaker 1: maybe you do, but one of the biggest attack victors 305 00:14:03,480 --> 00:14:07,320 Speaker 1: that I see coming is maybe on custody. So Biden 306 00:14:07,360 --> 00:14:10,360 Speaker 1: admitts Bien edmund and announce they're gonna do some executive 307 00:14:10,480 --> 00:14:13,280 Speaker 1: actions to regulate it. The Treasury told us that as well, 308 00:14:13,320 --> 00:14:15,400 Speaker 1: and then we had Rep. Davidson of Ohio put this 309 00:14:15,480 --> 00:14:17,560 Speaker 1: bill together keep your Coins at kind of thing. So 310 00:14:17,640 --> 00:14:19,720 Speaker 1: maybe he sees that attack vector. What do you think 311 00:14:19,760 --> 00:14:24,040 Speaker 1: about that? I think that the ability to self custody 312 00:14:24,120 --> 00:14:27,400 Speaker 1: is definitely one of the biggest attack vectors for users. 313 00:14:27,520 --> 00:14:30,240 Speaker 1: You have two physical links to the bitcoin world, right, 314 00:14:30,280 --> 00:14:32,760 Speaker 1: which is the users and the miners, and those are 315 00:14:32,800 --> 00:14:34,800 Speaker 1: the two things that we really need to be pushing 316 00:14:34,840 --> 00:14:38,560 Speaker 1: to protect as much as possible. So I'm every day 317 00:14:38,560 --> 00:14:40,840 Speaker 1: I wake up and I'm trying to push that goal forward. 318 00:14:40,840 --> 00:14:42,840 Speaker 1: I'm trying to make sure that we protect the right 319 00:14:42,880 --> 00:14:45,240 Speaker 1: to self custody, that we protect the rights to pure 320 00:14:45,280 --> 00:14:49,080 Speaker 1: to pure transactions, but that we also protect and incentivize 321 00:14:49,280 --> 00:14:52,960 Speaker 1: the growth of industry here in regards to bitcoin mining, 322 00:14:53,000 --> 00:14:55,880 Speaker 1: because bitcoin miners, you know, as as we saw China, 323 00:14:56,000 --> 00:14:58,240 Speaker 1: they can get banned, they can get moved out, coders 324 00:14:58,280 --> 00:15:01,560 Speaker 1: can code around law pretty easily. By bitcoin mining is 325 00:15:01,560 --> 00:15:03,680 Speaker 1: a very physical thing in the sense that it takes 326 00:15:03,720 --> 00:15:07,000 Speaker 1: up a geographical space that uses electricity from utility companies. 327 00:15:07,080 --> 00:15:10,040 Speaker 1: It's very difficult to hide. So um, I think it's 328 00:15:10,120 --> 00:15:12,200 Speaker 1: very critical that we protect those two things. But I 329 00:15:12,280 --> 00:15:14,360 Speaker 1: have been very encouraged by what's going on to d C. 330 00:15:14,560 --> 00:15:17,040 Speaker 1: As you said, Warren Davidson, putting for the k y 331 00:15:17,120 --> 00:15:20,520 Speaker 1: c Applete called done keep your coins. Not know your 332 00:15:20,560 --> 00:15:24,720 Speaker 1: customer right, but uh keep your coins to protect yourself custody, 333 00:15:25,120 --> 00:15:27,520 Speaker 1: protect the right to pure to pure transactions. We need 334 00:15:27,520 --> 00:15:31,400 Speaker 1: to make sure that as Americans in the United States 335 00:15:31,760 --> 00:15:33,480 Speaker 1: that we have leaders like this, that we're going to 336 00:15:33,520 --> 00:15:35,760 Speaker 1: them and showing them that we support them by writing 337 00:15:35,840 --> 00:15:38,840 Speaker 1: letters to other legislators and saying, hey, get behind this bill. 338 00:15:39,000 --> 00:15:40,560 Speaker 1: We need to show up to events they get behind 339 00:15:40,560 --> 00:15:43,000 Speaker 1: this bill. We need to donate to Warren Davidson. We 340 00:15:43,000 --> 00:15:45,000 Speaker 1: need to contribute to his campaign. We need to make 341 00:15:45,040 --> 00:15:47,480 Speaker 1: sure that this guy feels like he's got support behind him, 342 00:15:47,520 --> 00:15:50,120 Speaker 1: so that when the going gets tough, he knows that 343 00:15:50,160 --> 00:15:52,440 Speaker 1: he can keep pushing forward. And that's why I want 344 00:15:52,440 --> 00:15:54,160 Speaker 1: to make sure that bitcoiners wake up and realize the 345 00:15:54,200 --> 00:15:56,720 Speaker 1: importance of being active. We've we've gotten into this place 346 00:15:56,720 --> 00:15:59,480 Speaker 1: in this country where it's like, oh, my vote doesn't matter, 347 00:15:59,600 --> 00:16:02,080 Speaker 1: nothing matters that That's exactly what they want you to feel. 348 00:16:02,160 --> 00:16:03,840 Speaker 1: That's what they want you to think, because when you 349 00:16:03,880 --> 00:16:07,640 Speaker 1: become apathetic, you're actually handing over power. So I know 350 00:16:07,720 --> 00:16:10,120 Speaker 1: stuff can be tough to get done in politics, but 351 00:16:10,920 --> 00:16:13,560 Speaker 1: we are one of the most entrenched voter groups and 352 00:16:13,720 --> 00:16:16,160 Speaker 1: I think human history, we're gonna be the richest voter 353 00:16:16,200 --> 00:16:19,440 Speaker 1: block in American history for obvious reasons. But we're also 354 00:16:19,640 --> 00:16:22,800 Speaker 1: highly morally incentivized to protect and defend bitcoin, which I'm 355 00:16:22,840 --> 00:16:25,280 Speaker 1: sure you've talked a lot about the moral and social 356 00:16:25,360 --> 00:16:28,000 Speaker 1: impact of why we need to adopt bitcoins, so I'm 357 00:16:28,000 --> 00:16:29,600 Speaker 1: not sure you need to explain that too much to 358 00:16:29,760 --> 00:16:32,520 Speaker 1: your listeners. But it's been very encouraging to see Warren 359 00:16:32,560 --> 00:16:35,280 Speaker 1: Davidson moved forward on this, and we've also seen I 360 00:16:35,280 --> 00:16:37,520 Speaker 1: think it was Rep. Emmer Right a bill to ban 361 00:16:37,680 --> 00:16:40,280 Speaker 1: cbdc s. I mean, who would have thought two years 362 00:16:40,280 --> 00:16:42,160 Speaker 1: ago that we would be writing to ban CBDCs and 363 00:16:42,200 --> 00:16:45,640 Speaker 1: not bitcoin. Everybody was predicting we'd band bitcoin, So I 364 00:16:45,880 --> 00:16:48,520 Speaker 1: didn't see that one. That's that's pretty amazing. Um. Yeah, 365 00:16:48,520 --> 00:16:49,920 Speaker 1: you know, I like to say that we vote with 366 00:16:49,920 --> 00:16:52,240 Speaker 1: our money right, our money as our most effective vote, 367 00:16:52,240 --> 00:16:53,920 Speaker 1: and so to your point, kind of getting behind these 368 00:16:53,960 --> 00:16:56,560 Speaker 1: people showing our support for that, which then means more 369 00:16:56,600 --> 00:16:59,240 Speaker 1: people hopefully would run on those same platforms as well. 370 00:16:59,600 --> 00:17:01,360 Speaker 1: I would say a little bit kind of to what 371 00:17:01,400 --> 00:17:03,920 Speaker 1: you said though about um, my vote doesn't count and 372 00:17:03,960 --> 00:17:06,920 Speaker 1: the apathy, Um, I think that's probably never I've I've 373 00:17:06,960 --> 00:17:08,760 Speaker 1: personally never felt that as much as I did in 374 00:17:08,760 --> 00:17:11,520 Speaker 1: this last election. It seems like we're I think the 375 00:17:11,560 --> 00:17:13,440 Speaker 1: idea of ever voting ourselves out of this is a 376 00:17:13,480 --> 00:17:16,639 Speaker 1: little ridiculous. Um. I and I come from a strong 377 00:17:16,680 --> 00:17:19,000 Speaker 1: political family. My parents were grassroots political. As a kid, 378 00:17:19,200 --> 00:17:21,720 Speaker 1: we still discussed politics at the table. Um, But it 379 00:17:21,800 --> 00:17:24,399 Speaker 1: just seems like it's kind of worthless. But that being said, 380 00:17:24,880 --> 00:17:28,560 Speaker 1: I will go out swinging and whether I think my 381 00:17:28,680 --> 00:17:30,360 Speaker 1: whether I think my vote is going to be effective 382 00:17:30,400 --> 00:17:32,560 Speaker 1: or not. I am still going to place it because 383 00:17:33,320 --> 00:17:35,040 Speaker 1: it may be the only thing that I have. UM. 384 00:17:35,080 --> 00:17:37,240 Speaker 1: You're listening to the Mark Moas Show. We're talking about 385 00:17:38,080 --> 00:17:39,800 Speaker 1: If you haven't guess, we're talking about bitcoin. We're talking 386 00:17:39,840 --> 00:17:43,080 Speaker 1: about the intersection of politics, finance and technology. We're talking 387 00:17:43,119 --> 00:17:46,680 Speaker 1: about the decentralized revolution that is changing the world. I'm 388 00:17:46,720 --> 00:17:48,920 Speaker 1: in the studio with Dennis Porter. You can find them 389 00:17:48,920 --> 00:17:53,000 Speaker 1: on Twitter at Dennis Underscore Porter Underscore and I'm on 390 00:17:53,040 --> 00:17:56,040 Speaker 1: Twitter at one Mark Moss. So send us a message, 391 00:17:56,040 --> 00:17:58,120 Speaker 1: tell us you heard us, asks a question. I got 392 00:17:58,119 --> 00:17:59,680 Speaker 1: a lot more to go through. I want to talk 393 00:17:59,680 --> 00:18:03,159 Speaker 1: about UM, legal tender countries. Who's next. I want to 394 00:18:03,160 --> 00:18:05,480 Speaker 1: talk about more about governments doing bitcoin marketing and so 395 00:18:05,560 --> 00:18:08,840 Speaker 1: much more. We'll be back in a second. Don't go away, everyone, 396 00:18:08,880 --> 00:18:11,040 Speaker 1: Welcome back. You are listening to another episode of the 397 00:18:11,080 --> 00:18:14,720 Speaker 1: Mark mos Show where we talk about the decentralized revolution. 398 00:18:14,760 --> 00:18:17,359 Speaker 1: We talk about the intersection of politics, finance and technology. 399 00:18:17,359 --> 00:18:20,400 Speaker 1: Of course, we're talking about bitcoin. UM in the studio 400 00:18:20,480 --> 00:18:22,640 Speaker 1: with Dennis Porter. You can find them on Twitter at 401 00:18:22,720 --> 00:18:26,720 Speaker 1: Dennis Underscore Porter underscore and uh yeah, we're talking about 402 00:18:26,960 --> 00:18:29,160 Speaker 1: we're talking about bitcoin and politics and how it fits in. 403 00:18:29,720 --> 00:18:32,200 Speaker 1: Before the break, we were just talking about how, um, 404 00:18:32,240 --> 00:18:35,920 Speaker 1: we should support politicians who are kind of pro I 405 00:18:35,920 --> 00:18:38,720 Speaker 1: would just say pro freedom, but pro bitcoin um. And 406 00:18:38,760 --> 00:18:41,119 Speaker 1: I was saying that maybe even if you are apathetic 407 00:18:41,119 --> 00:18:44,760 Speaker 1: and you don't think that it is that effective, you 408 00:18:44,760 --> 00:18:46,760 Speaker 1: should still do everything that you can. And so that's 409 00:18:46,560 --> 00:18:50,800 Speaker 1: that's definitely that um. But I guess back to the question, 410 00:18:51,040 --> 00:18:53,560 Speaker 1: and maybe you don't know, maybe it's just a hunch, 411 00:18:53,600 --> 00:18:55,399 Speaker 1: but do you think that like when it comes to 412 00:18:55,480 --> 00:18:58,440 Speaker 1: so Biden announced an announcement of announcement right, an announcement 413 00:18:58,440 --> 00:19:00,920 Speaker 1: that we're going to have executive orders and we're gonna 414 00:19:00,960 --> 00:19:03,360 Speaker 1: do something, and the Treasury says we have these powers. 415 00:19:03,560 --> 00:19:05,240 Speaker 1: I mean, do you think that's where they go? It's 416 00:19:05,280 --> 00:19:10,120 Speaker 1: the custody piece. Well, with the Biden executive order, it's 417 00:19:10,160 --> 00:19:13,080 Speaker 1: it is definitely one of those things where there is 418 00:19:13,280 --> 00:19:16,040 Speaker 1: no real inside knowledge on what's going to be dropped. 419 00:19:16,359 --> 00:19:18,439 Speaker 1: They they've been having a people have been calling in 420 00:19:18,480 --> 00:19:22,000 Speaker 1: an Obama level of of carefulness when it comes to 421 00:19:22,160 --> 00:19:25,359 Speaker 1: the information. There some administrations are very good at keeping 422 00:19:25,359 --> 00:19:27,800 Speaker 1: this information under wraps and some are not UM and 423 00:19:27,880 --> 00:19:31,600 Speaker 1: this administration has been particularly well um position to make 424 00:19:31,640 --> 00:19:34,120 Speaker 1: sure that they don't have any leaks on what's coming 425 00:19:34,119 --> 00:19:36,880 Speaker 1: from the executive order. What we do know is just 426 00:19:36,960 --> 00:19:39,760 Speaker 1: what they've been telling us that they're gonna order for 427 00:19:39,880 --> 00:19:42,840 Speaker 1: new groups to be formed to go investigate crypto and 428 00:19:42,880 --> 00:19:45,439 Speaker 1: bitcoin and figure out what they want to do. So 429 00:19:45,480 --> 00:19:47,920 Speaker 1: it's I wouldn't tell if if anything, I would just 430 00:19:47,920 --> 00:19:50,160 Speaker 1: tell people don't worry too much. I think it's more 431 00:19:50,160 --> 00:19:52,960 Speaker 1: of like we're gonna go investigate bitcoin. Is kind of 432 00:19:53,000 --> 00:19:56,800 Speaker 1: like the premise of this next to move from Biden's administration. Yeah, 433 00:19:56,880 --> 00:19:58,479 Speaker 1: one thing I was thinking about, you know, when I 434 00:19:58,480 --> 00:20:01,760 Speaker 1: was spent the last to ours talking about the the sanctions. 435 00:20:01,760 --> 00:20:03,480 Speaker 1: But I mean, we obviously saw what happened in Canada 436 00:20:03,480 --> 00:20:05,320 Speaker 1: with the truckers and people who donated, and then then 437 00:20:05,359 --> 00:20:09,760 Speaker 1: obviously world stage, you know, Russia, Canadas at Russia, Ukraine, UM, 438 00:20:09,840 --> 00:20:12,680 Speaker 1: and uh, you know, there's articles all over the place 439 00:20:12,720 --> 00:20:16,800 Speaker 1: saying that they're gonna use cryptocurrencies to evade sanctions, and 440 00:20:16,840 --> 00:20:20,159 Speaker 1: I'm like, yeah, so pretty much anything other than the 441 00:20:20,200 --> 00:20:22,760 Speaker 1: US dollar and swift is evading sanctions. So if they 442 00:20:22,800 --> 00:20:26,399 Speaker 1: were to use their oil or their gold or their wheat. 443 00:20:26,520 --> 00:20:28,719 Speaker 1: I mean that also of aged sanctions too, So it's 444 00:20:28,800 --> 00:20:31,439 Speaker 1: kind of like trying to like put this boogeyman onto 445 00:20:31,520 --> 00:20:34,439 Speaker 1: onto cryptocurrencies when the reality is anything outside of their 446 00:20:34,440 --> 00:20:38,080 Speaker 1: system is sanction, is getting around sanctions, right, Yeah, I 447 00:20:38,119 --> 00:20:39,959 Speaker 1: mean I was talking to Matthew Pines. I brought him 448 00:20:40,000 --> 00:20:43,040 Speaker 1: on the show. He's a fellow at the Bitcoin Policy Institute, 449 00:20:43,080 --> 00:20:45,679 Speaker 1: and he's also a national security expert. But he had 450 00:20:45,720 --> 00:20:47,639 Speaker 1: a very specific take on this, and it was that 451 00:20:48,240 --> 00:20:50,719 Speaker 1: bitcoins just really isn't big enough to avoid sanctions, Like 452 00:20:50,800 --> 00:20:53,399 Speaker 1: this thing is a tiny little asset, and compared to 453 00:20:53,560 --> 00:20:56,200 Speaker 1: what the Russian economy looks like, I think they move 454 00:20:56,760 --> 00:21:01,639 Speaker 1: like half of bitcoins entire mar market h market market 455 00:21:01,640 --> 00:21:03,720 Speaker 1: cap within like a matter of like a month or so. 456 00:21:03,720 --> 00:21:06,440 Speaker 1: So it just wouldn't really function for them to be 457 00:21:06,480 --> 00:21:08,199 Speaker 1: able to evade sections. And we all know, let's not 458 00:21:08,280 --> 00:21:12,119 Speaker 1: let's not kid ourselves. The bitcoin blockchain is very transparent. 459 00:21:12,200 --> 00:21:14,159 Speaker 1: You can see what's going on if they were to 460 00:21:14,200 --> 00:21:16,440 Speaker 1: go into bitcoin, and then how are they going to 461 00:21:16,480 --> 00:21:18,359 Speaker 1: get back out? What's the off ramp they're gonna use. 462 00:21:18,400 --> 00:21:20,440 Speaker 1: They're not allowed to use any of the other off rams, 463 00:21:20,440 --> 00:21:23,080 Speaker 1: so it just doesn't really function as a way to 464 00:21:23,240 --> 00:21:25,760 Speaker 1: escape these sanctions. In fact, it's been a great tool 465 00:21:25,800 --> 00:21:28,439 Speaker 1: for the Ukrainians to raise money. They've raised over fifty 466 00:21:28,520 --> 00:21:32,080 Speaker 1: million dollars in bitcoin alone to help support the troops 467 00:21:32,240 --> 00:21:34,840 Speaker 1: in Ukraine. So, if anything, bitcoin has been a tool 468 00:21:34,880 --> 00:21:37,560 Speaker 1: to help the people that are being oppressed versus the 469 00:21:37,600 --> 00:21:40,159 Speaker 1: folks that are doing uh, you know, going out and 470 00:21:40,200 --> 00:21:45,040 Speaker 1: committing war crimes essentially. Now, um, we've seen obviously we 471 00:21:45,040 --> 00:21:47,760 Speaker 1: already mentioned El Salvador in President Bukayley down there. It's 472 00:21:47,760 --> 00:21:51,000 Speaker 1: amazing what's going on down there. Um. I've been down 473 00:21:51,000 --> 00:21:52,840 Speaker 1: there doing stuff with them. I mean, it's just so 474 00:21:53,000 --> 00:21:55,760 Speaker 1: much hope is in the air. It's amazing. Um. You know, 475 00:21:56,520 --> 00:21:59,040 Speaker 1: the United States is uh is a beautiful place if 476 00:21:59,080 --> 00:22:01,280 Speaker 1: you can just kind of your paradigm and stop thinking 477 00:22:01,320 --> 00:22:03,119 Speaker 1: about the bad stuff. I mean, it's amazing and a 478 00:22:03,160 --> 00:22:05,600 Speaker 1: good el sowad Or and it's extremely poor, very very 479 00:22:05,680 --> 00:22:08,080 Speaker 1: very poor. Um, but there's just hope in the air. 480 00:22:08,160 --> 00:22:13,040 Speaker 1: And so there's that. Um. But you made a comment 481 00:22:13,160 --> 00:22:16,960 Speaker 1: about more countries adopting it as legal tender. Now I 482 00:22:17,000 --> 00:22:19,840 Speaker 1: did see there was a headline I think a city 483 00:22:20,320 --> 00:22:22,280 Speaker 1: a city in Switzerland, I think said they were going 484 00:22:22,320 --> 00:22:24,760 Speaker 1: to adopt as legal tender. We've seen in Arizona, and 485 00:22:24,760 --> 00:22:26,840 Speaker 1: I've seen you've been reporting. I mean Arizona put a 486 00:22:26,840 --> 00:22:30,880 Speaker 1: bill I think to make it a tender. A governor 487 00:22:30,920 --> 00:22:33,000 Speaker 1: in Texas is like running on a bill to make 488 00:22:33,040 --> 00:22:37,280 Speaker 1: it legal tender. Um, what are your I guess what 489 00:22:37,280 --> 00:22:39,880 Speaker 1: are your What are your predictions? What are your predictions 490 00:22:39,880 --> 00:22:43,520 Speaker 1: for more nation states happening in? What do you think 491 00:22:43,560 --> 00:22:47,760 Speaker 1: about that? Yeah, I'm I'm getting very strong signals from 492 00:22:47,800 --> 00:22:50,240 Speaker 1: some you know, what people would call sources. I know 493 00:22:50,280 --> 00:22:52,520 Speaker 1: that word is like thrown around loosely in this industry, 494 00:22:52,560 --> 00:22:55,360 Speaker 1: but from people that know better than myself. I am 495 00:22:55,359 --> 00:22:57,720 Speaker 1: getting very strong signals that there are going to be 496 00:22:57,880 --> 00:23:03,440 Speaker 1: multiple nations, mostly smaller nations. Obviously we're not talking about, uh, 497 00:23:03,520 --> 00:23:06,920 Speaker 1: the United States or Russia or China adopting bitcoin is 498 00:23:07,000 --> 00:23:09,520 Speaker 1: legal tender. Uh, something probably a little bit bigger than 499 00:23:09,520 --> 00:23:12,720 Speaker 1: Al Salvador is what I'm getting the impression. Um. But really, 500 00:23:12,720 --> 00:23:14,960 Speaker 1: what I'm most excited about is what's going on in 501 00:23:15,240 --> 00:23:18,080 Speaker 1: the United States. That's like my main focus right is 502 00:23:18,119 --> 00:23:20,800 Speaker 1: making sure that we adopt bitcoin as legal tender here 503 00:23:20,800 --> 00:23:25,360 Speaker 1: in America and We've already seen that Senator Wendy Rogers 504 00:23:25,359 --> 00:23:28,879 Speaker 1: from Arizona has introduced a bill to make bitcoin legal tender, 505 00:23:29,320 --> 00:23:32,720 Speaker 1: and we've also seen in Texas Don Haffinds is running 506 00:23:32,760 --> 00:23:36,200 Speaker 1: on bitcoin legal tender as one of his key issues. Now, 507 00:23:36,680 --> 00:23:38,639 Speaker 1: whether or not these things will actually get past in 508 00:23:38,680 --> 00:23:42,640 Speaker 1: the in the first shot doesn't take away or dissuade 509 00:23:42,640 --> 00:23:45,199 Speaker 1: from the fact that this is an incredible moment. We 510 00:23:45,240 --> 00:23:48,440 Speaker 1: are now pushing to make bitcoin legal tender in the 511 00:23:48,560 --> 00:23:51,560 Speaker 1: United States of America, the country that everybody thought would 512 00:23:51,560 --> 00:23:55,480 Speaker 1: be the absolute last place to adopt bitcoin. It's completely 513 00:23:55,520 --> 00:23:58,840 Speaker 1: shattering all of those narratives. And now we also have 514 00:23:59,280 --> 00:24:02,000 Speaker 1: one in calif Mornia as well, bitcoin legal tender bill 515 00:24:02,080 --> 00:24:05,080 Speaker 1: being crafted and being put forward, And that's the one 516 00:24:05,119 --> 00:24:07,679 Speaker 1: that I'm most excited about because now it also it 517 00:24:07,720 --> 00:24:10,320 Speaker 1: also shatters the narrative that this is a Republican issue 518 00:24:10,359 --> 00:24:12,560 Speaker 1: and that Republicans are going to lead on this. We 519 00:24:12,600 --> 00:24:16,160 Speaker 1: have Democrats in blue states, we have Republicans and red 520 00:24:16,240 --> 00:24:18,960 Speaker 1: states pushing for bitcoin legal tender, and I couldn't be 521 00:24:18,960 --> 00:24:22,040 Speaker 1: more excited about the developments to come. Uh the one 522 00:24:22,040 --> 00:24:25,000 Speaker 1: in California in particular, I'm very excited about because that 523 00:24:25,160 --> 00:24:27,440 Speaker 1: is a legitimate effort. I don't really I'm not connected 524 00:24:27,480 --> 00:24:29,760 Speaker 1: to what's going on in Arizona or Texas, but I 525 00:24:29,800 --> 00:24:33,159 Speaker 1: know what's going on in California, and that is a 526 00:24:33,240 --> 00:24:36,359 Speaker 1: very legitimate bill. And there's a lot of excitement and 527 00:24:36,400 --> 00:24:38,440 Speaker 1: a lot of energy and a lot of people getting 528 00:24:38,440 --> 00:24:40,880 Speaker 1: behind that bill. What do you mean it's very legitimate 529 00:24:42,080 --> 00:24:43,800 Speaker 1: in a sense, it's not a PR stunt some you know, 530 00:24:43,800 --> 00:24:46,439 Speaker 1: because these things could be PR stunts from other elected officials. 531 00:24:46,480 --> 00:24:48,920 Speaker 1: We don't know. There's no way to know what their 532 00:24:49,000 --> 00:24:53,000 Speaker 1: true intention is. Are they just because any legislator can 533 00:24:53,000 --> 00:24:54,800 Speaker 1: write a bill and submit it and be like, look 534 00:24:54,840 --> 00:24:56,880 Speaker 1: what I did, right? But are they actually gonna fight 535 00:24:56,920 --> 00:24:58,280 Speaker 1: for it? Are they gonna wake up and try to 536 00:24:58,280 --> 00:24:59,960 Speaker 1: get it through committee? Are they going to bring it 537 00:25:00,000 --> 00:25:02,000 Speaker 1: to how a floor vote? Are they going to make 538 00:25:02,000 --> 00:25:04,600 Speaker 1: sure and you know, talk to other legislators and get 539 00:25:04,640 --> 00:25:06,480 Speaker 1: their support. We don't. We don't know that. There's no 540 00:25:06,520 --> 00:25:08,640 Speaker 1: way to know that. But I personally am a part 541 00:25:08,680 --> 00:25:11,239 Speaker 1: of what's going on in California, and we do know that. 542 00:25:11,280 --> 00:25:13,320 Speaker 1: We do know that this is a legitimate effort. It 543 00:25:13,440 --> 00:25:15,840 Speaker 1: is going to be pushed forward through committee. There are 544 00:25:15,920 --> 00:25:17,280 Speaker 1: going to be efforts to make sure that we make 545 00:25:17,320 --> 00:25:19,280 Speaker 1: it a bipartisan bill, and we are going to make 546 00:25:19,280 --> 00:25:21,000 Speaker 1: sure that it gets to a floor vote as well. 547 00:25:21,359 --> 00:25:24,040 Speaker 1: So it's being put together by someone credible and there's 548 00:25:24,040 --> 00:25:25,680 Speaker 1: some support behind it. A lot of times you'll see 549 00:25:25,720 --> 00:25:27,399 Speaker 1: like a freshman put together a bill that has no 550 00:25:27,440 --> 00:25:30,120 Speaker 1: support or whatever. But this is like a someone good 551 00:25:30,160 --> 00:25:32,840 Speaker 1: to put it together. It's good support for it, That's 552 00:25:32,880 --> 00:25:35,479 Speaker 1: exactly it. And I'm very close to what's going on 553 00:25:35,520 --> 00:25:38,080 Speaker 1: with this bill in particular, and I'm very excited about 554 00:25:38,080 --> 00:25:41,679 Speaker 1: the potential to have California be the first state in 555 00:25:41,680 --> 00:25:44,800 Speaker 1: the nation to move forward on bitcoin legal tender. Mm hmm. 556 00:25:46,400 --> 00:25:49,160 Speaker 1: What about the tax problems though? So if anybody who's 557 00:25:49,160 --> 00:25:51,440 Speaker 1: not aware, right, you have to pay tax every single 558 00:25:51,440 --> 00:25:54,199 Speaker 1: time you spend cryptocurrency. It's a taxable event, and so 559 00:25:54,240 --> 00:25:55,560 Speaker 1: that makes it very difficult to buy a cup of 560 00:25:55,560 --> 00:25:58,080 Speaker 1: coffee when you have to file a tax report on that. Yeah, 561 00:25:58,080 --> 00:26:00,560 Speaker 1: that's the big argument right now, right is how do 562 00:26:00,600 --> 00:26:02,639 Speaker 1: we get rid of capital gains taxes? And this is 563 00:26:02,680 --> 00:26:05,719 Speaker 1: one of the approaches. Obviously, if California passes big win 564 00:26:05,800 --> 00:26:08,840 Speaker 1: legal tender, that doesn't automatically make everyone have to stop 565 00:26:08,880 --> 00:26:11,520 Speaker 1: paying their federal capital gains taxes. But the point is 566 00:26:11,560 --> 00:26:14,119 Speaker 1: that we want to get enough states moving forward on 567 00:26:14,119 --> 00:26:16,760 Speaker 1: this issue. Very similar to how we've done with legal 568 00:26:16,760 --> 00:26:19,480 Speaker 1: marijuana in this country. You get a bottom up approach. 569 00:26:19,600 --> 00:26:22,359 Speaker 1: Because we live in a republic, we don't live in China, 570 00:26:22,400 --> 00:26:24,480 Speaker 1: we don't live in Russia. We can do whatever we 571 00:26:24,520 --> 00:26:27,000 Speaker 1: want on the state level and move those things forward 572 00:26:27,000 --> 00:26:29,639 Speaker 1: from a bottom up approach. The the other part of 573 00:26:29,680 --> 00:26:32,320 Speaker 1: the strategy that we're approaching it from is also on 574 00:26:32,359 --> 00:26:35,760 Speaker 1: the federal side, also with senators, also with elected officials 575 00:26:35,760 --> 00:26:37,879 Speaker 1: in the House, and I want to make sure that 576 00:26:38,119 --> 00:26:40,680 Speaker 1: we push from the bottom up and the top down 577 00:26:40,960 --> 00:26:42,679 Speaker 1: to ensure that we have the best chance to make 578 00:26:42,680 --> 00:26:45,040 Speaker 1: this happen. Ultimately, when it comes down to it, if 579 00:26:45,080 --> 00:26:47,520 Speaker 1: we have to, we'll go to Article five, we will 580 00:26:47,560 --> 00:26:50,240 Speaker 1: go and we'll rewrite the Constitution. That's how much power 581 00:26:50,280 --> 00:26:52,800 Speaker 1: the states have in the United States of America. Mm hm, 582 00:26:52,920 --> 00:26:55,080 Speaker 1: that's juicy. I want to I want to talk more 583 00:26:55,080 --> 00:26:58,240 Speaker 1: about that. We so much more to dig into here. 584 00:26:58,240 --> 00:27:00,960 Speaker 1: But I love the bottom up coach because bitcoin is 585 00:27:01,040 --> 00:27:04,280 Speaker 1: decentralized technology and so like I really applaud what they 586 00:27:04,280 --> 00:27:06,440 Speaker 1: did in El Salvador have been working with those people, 587 00:27:06,440 --> 00:27:08,080 Speaker 1: and they started in the local community. Didn't try to 588 00:27:08,119 --> 00:27:10,480 Speaker 1: go to the president. They started the local community. Finally 589 00:27:10,520 --> 00:27:12,119 Speaker 1: that it got so big the president and said, what 590 00:27:12,160 --> 00:27:15,200 Speaker 1: the heck is going on there? Oh, shoot, we should 591 00:27:15,280 --> 00:27:17,280 Speaker 1: take that nationally. And so it's pretty interesting how they 592 00:27:17,320 --> 00:27:19,320 Speaker 1: did that. You're listening to the Mark mos Show. I'm 593 00:27:19,320 --> 00:27:22,439 Speaker 1: in the studio with Dennis Porter. We're talking about politics 594 00:27:22,560 --> 00:27:25,880 Speaker 1: and bitcoin, some fun things, some fun things that don't 595 00:27:25,920 --> 00:27:28,120 Speaker 1: need to go together. I want to talk about Article five, 596 00:27:28,160 --> 00:27:30,240 Speaker 1: how we can change the Constitution. Will be right back 597 00:27:30,240 --> 00:27:32,480 Speaker 1: with that. Don't go away, all right, Welcome back. You 598 00:27:32,520 --> 00:27:34,720 Speaker 1: are listening to the Mark Moss Show. We're talking about 599 00:27:34,920 --> 00:27:38,280 Speaker 1: the intersection of politics, finance, and technology. We're talking about 600 00:27:38,280 --> 00:27:42,439 Speaker 1: the decentralized revolution that is bitcoin. I'm in the studio 601 00:27:42,560 --> 00:27:44,359 Speaker 1: right now with Dennis Porter. You can find them on 602 00:27:44,400 --> 00:27:49,040 Speaker 1: Twitter at Dennis Underscore Porter Underscore. And we've been we've 603 00:27:49,080 --> 00:27:50,800 Speaker 1: been digging and covered a lot of good stuff. It's 604 00:27:50,840 --> 00:27:54,439 Speaker 1: been fun. Now before the break, Dennis, you said that, uh, 605 00:27:54,720 --> 00:27:57,480 Speaker 1: if we don't get our way through voting, then we 606 00:27:57,480 --> 00:28:00,600 Speaker 1: can always take it to uh Article five and constitution. 607 00:28:00,640 --> 00:28:03,080 Speaker 1: So break that down. What do you mean by that right? So, 608 00:28:03,400 --> 00:28:05,439 Speaker 1: because we live in a republic, it's just a very 609 00:28:05,480 --> 00:28:10,520 Speaker 1: different governance model. It's very decentralized compared to all governance 610 00:28:10,560 --> 00:28:13,240 Speaker 1: models for nation states throughout history. It's part of the 611 00:28:13,240 --> 00:28:16,760 Speaker 1: reason why the United States has been so successful. Um. 612 00:28:16,800 --> 00:28:19,000 Speaker 1: But before we get to the you know what exactly 613 00:28:19,040 --> 00:28:21,119 Speaker 1: an Article five is the reason why we would go 614 00:28:21,200 --> 00:28:23,359 Speaker 1: to that is because if we are not able on 615 00:28:23,400 --> 00:28:26,399 Speaker 1: the federal side to get them to pass bitcoin as 616 00:28:26,480 --> 00:28:29,199 Speaker 1: legal tender and to remove capital gains tax and just 617 00:28:29,280 --> 00:28:31,720 Speaker 1: make this money it's it should be money. It's money. 618 00:28:31,840 --> 00:28:33,480 Speaker 1: It should be treated like money, just like the dollar, 619 00:28:33,600 --> 00:28:35,960 Speaker 1: just like gold, just like silver. UM. And we need 620 00:28:36,000 --> 00:28:37,359 Speaker 1: to make sure that we are headed. Like I said 621 00:28:37,359 --> 00:28:39,360 Speaker 1: in the beginning of the show, we want to go 622 00:28:39,360 --> 00:28:41,320 Speaker 1: to the same direction as El Salvador. We do not 623 00:28:41,360 --> 00:28:43,560 Speaker 1: want to go to the direction of the CCP UM. 624 00:28:43,600 --> 00:28:46,200 Speaker 1: But if the federal government doesn't get on board, if 625 00:28:46,200 --> 00:28:49,760 Speaker 1: we can't convince enough, what does it policy makers in 626 00:28:49,840 --> 00:28:51,480 Speaker 1: the House and the Senate to be a part of 627 00:28:51,480 --> 00:28:54,320 Speaker 1: what we're doing. Which I've had great conversations which would 628 00:28:54,320 --> 00:28:56,520 Speaker 1: make me believe that we can move that direction. But 629 00:28:56,680 --> 00:28:59,240 Speaker 1: let's say we can't worst case scenario, what we're gonna 630 00:28:59,240 --> 00:29:01,760 Speaker 1: be doing is we're gonna be passing bitcoin legal tender 631 00:29:01,880 --> 00:29:04,680 Speaker 1: on a state by state basis, and once we get 632 00:29:04,720 --> 00:29:07,000 Speaker 1: to enough states, we can call for what is an 633 00:29:07,120 --> 00:29:10,600 Speaker 1: Article five. We can have a constitutional convention that is 634 00:29:10,960 --> 00:29:14,080 Speaker 1: completely outside of the control of the federal government. Every 635 00:29:14,120 --> 00:29:17,000 Speaker 1: state legislator votes if they would like to go to 636 00:29:17,040 --> 00:29:19,920 Speaker 1: an Article five, and then once we do, we can 637 00:29:19,960 --> 00:29:22,040 Speaker 1: go there and we can make whatever changes we want 638 00:29:22,080 --> 00:29:25,480 Speaker 1: to see. So obviously anybody can introduce an amendment during 639 00:29:25,480 --> 00:29:27,680 Speaker 1: this process. It can be very messy, but it is 640 00:29:27,720 --> 00:29:31,800 Speaker 1: the ultimate backup, is the ultimate backup plan for this 641 00:29:31,840 --> 00:29:34,479 Speaker 1: process if the federal government doesn't get on board with us. 642 00:29:34,520 --> 00:29:36,640 Speaker 1: So I really see it as this kind of like 643 00:29:36,840 --> 00:29:38,640 Speaker 1: we have the ace in the whole if we can't 644 00:29:38,640 --> 00:29:40,560 Speaker 1: get the federal government on board with what we're doing. 645 00:29:41,240 --> 00:29:43,680 Speaker 1: How has that been used in the past. It's it's 646 00:29:43,720 --> 00:29:45,320 Speaker 1: rarely ever been used. I don't think it's ever been 647 00:29:45,400 --> 00:29:47,600 Speaker 1: used for many, many years. But there is already a 648 00:29:47,600 --> 00:29:51,440 Speaker 1: movement underway to push it forward because there are several 649 00:29:51,480 --> 00:29:54,280 Speaker 1: other groups that want to get this done. We already 650 00:29:54,280 --> 00:29:56,880 Speaker 1: have seventeen states as of today who want to go 651 00:29:56,920 --> 00:29:59,560 Speaker 1: to an Article five. We only need thirty four to 652 00:29:59,640 --> 00:30:02,920 Speaker 1: get there. So if we can get thirty four states 653 00:30:03,320 --> 00:30:05,680 Speaker 1: to vote to go to an Article five constitutional convention, 654 00:30:05,880 --> 00:30:08,040 Speaker 1: we can go there and amend the Constitution. I would 655 00:30:08,120 --> 00:30:11,600 Speaker 1: honestly also probably encourage us to take out the seventeenth Amendment, 656 00:30:11,720 --> 00:30:14,640 Speaker 1: which put the vote for a senator up to the 657 00:30:14,680 --> 00:30:17,120 Speaker 1: people instead of the legislator. One of the main reasons 658 00:30:17,120 --> 00:30:18,840 Speaker 1: why that was so critical was it helped with the 659 00:30:18,840 --> 00:30:21,560 Speaker 1: decentralized nature of our governance model. UM. So I want 660 00:30:21,560 --> 00:30:24,680 Speaker 1: to decentralize our power in this government by getting rid 661 00:30:24,680 --> 00:30:26,640 Speaker 1: of the seventeenth Amendment. But I the key one is 662 00:30:26,680 --> 00:30:29,080 Speaker 1: making sure we adopt a coin as legal tender. Yeah. 663 00:30:29,120 --> 00:30:31,080 Speaker 1: I was actually talking about that earlier on one of 664 00:30:31,080 --> 00:30:34,320 Speaker 1: my other segments. UM, I was talking about the democracy 665 00:30:34,400 --> 00:30:36,760 Speaker 1: and and in Canada, and I was explaining how, yeah, 666 00:30:36,800 --> 00:30:38,400 Speaker 1: the US is not a democracy, the U s is 667 00:30:38,400 --> 00:30:40,960 Speaker 1: a republic. Most people don't realize that. Um, if you 668 00:30:40,960 --> 00:30:43,040 Speaker 1: grew up saying the Pledge of Allegiance, then you should 669 00:30:43,080 --> 00:30:46,240 Speaker 1: should understand that, and how it's a decentralized government, and 670 00:30:46,400 --> 00:30:50,160 Speaker 1: how really under that, under that type of decentralized government, 671 00:30:50,560 --> 00:30:53,440 Speaker 1: the president really shouldn't matter that much to us, Right, 672 00:30:53,800 --> 00:30:55,560 Speaker 1: no one should really care about the president, because the 673 00:30:55,560 --> 00:30:57,760 Speaker 1: presidents have much power over our direct lives. Really, they 674 00:30:57,760 --> 00:31:02,400 Speaker 1: deal with some international stuff. Today everything's federal, right, everything 675 00:31:02,440 --> 00:31:04,440 Speaker 1: has become federal, So now it affects US. And and 676 00:31:04,680 --> 00:31:06,720 Speaker 1: the one problem that I have with that is it 677 00:31:06,720 --> 00:31:10,600 Speaker 1: takes away what I consider the most important ingredient that 678 00:31:10,680 --> 00:31:15,560 Speaker 1: defeats authoritarianism, and that's competition. And so if I don't 679 00:31:15,600 --> 00:31:17,880 Speaker 1: like California, I could move to Texas, and if enough 680 00:31:17,920 --> 00:31:20,080 Speaker 1: people go to Texas, it changes Um. And if I 681 00:31:20,080 --> 00:31:21,320 Speaker 1: don't like the US, I can go to go to 682 00:31:21,320 --> 00:31:23,040 Speaker 1: El Salvador. Right, we vote with our feet, vote with 683 00:31:23,040 --> 00:31:26,000 Speaker 1: our money. But when they make everything federal, it takes 684 00:31:26,000 --> 00:31:28,720 Speaker 1: that away. And so like, hey, if you like super 685 00:31:28,760 --> 00:31:31,640 Speaker 1: strict gun rights, uh, then live in a state that 686 00:31:31,680 --> 00:31:33,840 Speaker 1: does that. Um. If you like a place that wants 687 00:31:33,880 --> 00:31:36,920 Speaker 1: a sanctuary cities and and uh gives everybody free money, 688 00:31:37,080 --> 00:31:39,080 Speaker 1: go there. But then let's see how it plays out 689 00:31:39,120 --> 00:31:42,040 Speaker 1: against another state that doesn't offer that right. Um. And 690 00:31:42,080 --> 00:31:44,440 Speaker 1: I guess that's kind of what you're thinking. It's exactly 691 00:31:44,480 --> 00:31:46,440 Speaker 1: what I was thinking. It was funny as you were 692 00:31:46,480 --> 00:31:49,520 Speaker 1: saying the word competition. I was writing it down as 693 00:31:49,560 --> 00:31:53,080 Speaker 1: a note on my piece of paper. Competition is critical. 694 00:31:53,520 --> 00:31:55,920 Speaker 1: We need to make sure that the government is competing 695 00:31:55,920 --> 00:32:00,400 Speaker 1: against itself for voters, for capital, for business, for enterprise 696 00:32:00,480 --> 00:32:03,360 Speaker 1: to come to their states. And when we take the 697 00:32:03,480 --> 00:32:05,920 Speaker 1: power away from the states and we suck it into 698 00:32:05,920 --> 00:32:09,160 Speaker 1: the federal government, it removes the level of competition that 699 00:32:09,200 --> 00:32:11,440 Speaker 1: we have today. That's why I'm such a big proponent 700 00:32:11,520 --> 00:32:14,560 Speaker 1: of bitcoin, because it takes away the states, or it 701 00:32:14,600 --> 00:32:17,120 Speaker 1: should say, the federal government's ultimate power, which is the 702 00:32:17,120 --> 00:32:19,640 Speaker 1: ability to print unlimited money and to decide where that 703 00:32:19,720 --> 00:32:22,520 Speaker 1: unlimited money is spent. We need way more focus on 704 00:32:22,640 --> 00:32:25,320 Speaker 1: states and individual states, not the federal government. So I 705 00:32:25,360 --> 00:32:27,920 Speaker 1: hant a percent agree with you? Yeah, I do too. 706 00:32:27,920 --> 00:32:29,520 Speaker 1: I just I don't want that to be a political 707 00:32:29,600 --> 00:32:35,000 Speaker 1: issue like um that one side would be partisan to like. Nope, 708 00:32:35,080 --> 00:32:37,000 Speaker 1: we need to have unlimited money and we need to 709 00:32:37,000 --> 00:32:38,560 Speaker 1: be able to print as much as we can. It's 710 00:32:38,600 --> 00:32:42,480 Speaker 1: like that that that one I guess that someone could 711 00:32:42,480 --> 00:32:45,520 Speaker 1: control the money supply and just print that will seems 712 00:32:45,640 --> 00:32:48,080 Speaker 1: ridiculous in the first place. I'm going to think that 713 00:32:47,880 --> 00:32:50,560 Speaker 1: that's to one side or the other seems ridiculous. And 714 00:32:50,600 --> 00:32:53,840 Speaker 1: so um, massive change if if that will happen now. Um, 715 00:32:54,120 --> 00:32:56,120 Speaker 1: one more thing and we'll talk about is that, Um, 716 00:32:56,520 --> 00:32:59,960 Speaker 1: you know, in in countries like Africa, or in countries 717 00:33:00,000 --> 00:33:03,840 Speaker 1: like Al Salvador, Venezuela, Argentina has massive inflation inflation going on, 718 00:33:04,040 --> 00:33:07,080 Speaker 1: there's a there's a massive urgency to move into something 719 00:33:07,120 --> 00:33:08,520 Speaker 1: else where you're not going to lose your money. So 720 00:33:08,560 --> 00:33:11,680 Speaker 1: there's this need for bitcoin if your authoritarian government's gonna 721 00:33:12,080 --> 00:33:14,920 Speaker 1: uh seize your accounts like the Taliban and Afghanistan for example, 722 00:33:14,960 --> 00:33:17,680 Speaker 1: there's a need to go into bitcoin. In the West, 723 00:33:17,720 --> 00:33:20,760 Speaker 1: primarily you know, North America and Western Europe. Most people 724 00:33:20,920 --> 00:33:24,360 Speaker 1: say like, but what's the need, Like what's the use case? Right? Um? 725 00:33:24,400 --> 00:33:27,320 Speaker 1: Even uh Peter Schiff was like, uh, you know, there's 726 00:33:27,360 --> 00:33:29,760 Speaker 1: there's just no use case right um, which is a 727 00:33:29,840 --> 00:33:34,800 Speaker 1: very like American centric I think view. Um. But today, well, 728 00:33:34,800 --> 00:33:37,200 Speaker 1: I should say, over the last three weeks, uh, we've 729 00:33:37,240 --> 00:33:40,719 Speaker 1: seen Canada and now rest of the Ukraine proving exactly 730 00:33:40,720 --> 00:33:43,160 Speaker 1: why we need that. And so um, when the when 731 00:33:43,160 --> 00:33:46,000 Speaker 1: the government tells you don't do drugs, they're bad, that 732 00:33:46,040 --> 00:33:48,560 Speaker 1: doesn't make you want to go do drugs, right they're bad? 733 00:33:48,960 --> 00:33:50,560 Speaker 1: Of course, their war and drugs doesn't do anything to 734 00:33:50,600 --> 00:33:52,520 Speaker 1: stop drugs. When they say that you don't have the 735 00:33:52,600 --> 00:33:54,520 Speaker 1: right to store your wealth in a way we can't 736 00:33:54,520 --> 00:33:57,080 Speaker 1: steal from you, it kind of makes you want to 737 00:33:57,120 --> 00:34:00,400 Speaker 1: do that. They're kind of almost doing the marketing for us. 738 00:34:00,520 --> 00:34:03,200 Speaker 1: What's your thoughts on that. I mean, I'm a very 739 00:34:03,480 --> 00:34:06,560 Speaker 1: I'm very opposed to any sort of prohibition. I think 740 00:34:06,640 --> 00:34:10,439 Speaker 1: that prohibition historically just never works at all. We've seen 741 00:34:10,520 --> 00:34:13,719 Speaker 1: it with um, not only the war on drugs, but 742 00:34:13,800 --> 00:34:17,560 Speaker 1: the prohibition of alcohol. It led to increase in consumption 743 00:34:17,600 --> 00:34:19,880 Speaker 1: and also led to the mafia being built off of that, 744 00:34:19,920 --> 00:34:22,000 Speaker 1: because that's how the mafia and the cartels are funded 745 00:34:22,120 --> 00:34:24,719 Speaker 1: is off of these illegal illicit trades. And so it 746 00:34:24,719 --> 00:34:26,560 Speaker 1: doesn't make sense to ban things. If you end up 747 00:34:26,560 --> 00:34:29,239 Speaker 1: banning bitcoin, it's not gonna go away. People are just 748 00:34:29,239 --> 00:34:32,600 Speaker 1: gonna use it anyways, and all you're doing is incentivizing 749 00:34:32,640 --> 00:34:36,400 Speaker 1: the creation of better network tools on the bitcoin network 750 00:34:36,560 --> 00:34:39,000 Speaker 1: that enable people to use it outside of government eyes, 751 00:34:39,040 --> 00:34:41,280 Speaker 1: out of government control. So you you just can't stop 752 00:34:41,280 --> 00:34:43,680 Speaker 1: this technology. And that's why it's just better to get 753 00:34:43,880 --> 00:34:46,000 Speaker 1: on board, and it's better to start adopting it as 754 00:34:46,080 --> 00:34:48,719 Speaker 1: legal tender. It's better to start incentivizing miners to come, 755 00:34:48,719 --> 00:34:51,359 Speaker 1: an industry to come, because you can't win this game. 756 00:34:51,360 --> 00:34:54,560 Speaker 1: It's a lose lose game. Bitcoin is anti fragile and 757 00:34:54,600 --> 00:34:57,160 Speaker 1: people deserve and really I think it's very American in 758 00:34:57,160 --> 00:35:00,520 Speaker 1: the sense to people should have the rights to store 759 00:35:00,560 --> 00:35:02,799 Speaker 1: their wealth and whatever asset they want. We're not talking 760 00:35:02,800 --> 00:35:05,239 Speaker 1: about drugs here, we're not talking about weapons. This is 761 00:35:05,280 --> 00:35:07,319 Speaker 1: just a safe way to store your money. And to 762 00:35:07,440 --> 00:35:09,760 Speaker 1: think that governments could try to ban it, it's nuts. Lastly, 763 00:35:09,800 --> 00:35:13,319 Speaker 1: on your point about Canada and Russia, it came right 764 00:35:13,360 --> 00:35:15,279 Speaker 1: after the Super Bowl, right, and everyone was like, man, 765 00:35:15,320 --> 00:35:17,600 Speaker 1: there wasn't really any good bitcoin super Bowl ads, but 766 00:35:17,640 --> 00:35:20,280 Speaker 1: we didn't need them because governments give the best ads 767 00:35:20,440 --> 00:35:25,120 Speaker 1: of all time for bitcoin. Yeah. Yeah, and uh, you know, 768 00:35:25,239 --> 00:35:28,439 Speaker 1: it's uh, it's also kind of proving that even out today. 769 00:35:28,480 --> 00:35:30,200 Speaker 1: I was earlier on one of my segments to reading 770 00:35:30,239 --> 00:35:32,800 Speaker 1: some of the news and there was a headline obviously 771 00:35:32,840 --> 00:35:35,280 Speaker 1: we're seeing that they're you know, trying to impose sanctions 772 00:35:35,280 --> 00:35:37,920 Speaker 1: even on cryptocurrencies, which of course you know, it's very difficult. 773 00:35:37,960 --> 00:35:40,400 Speaker 1: You can you can impose them on a centralized exchange. 774 00:35:40,800 --> 00:35:43,560 Speaker 1: But there was a headline that said um met a 775 00:35:43,640 --> 00:35:48,680 Speaker 1: mask and Infuria are now blocking Ethereum transactions. So Infuria 776 00:35:48,920 --> 00:35:50,920 Speaker 1: is basically the company that runs like all the nodes 777 00:35:51,000 --> 00:35:53,440 Speaker 1: for ethereum, and now they're censoring them. And so again 778 00:35:53,800 --> 00:35:57,480 Speaker 1: back to you know, bitcoin and crypto one being decentralized 779 00:35:57,760 --> 00:36:00,640 Speaker 1: um ethereum supposedly, but look what they're doing with that. 780 00:36:00,719 --> 00:36:03,560 Speaker 1: And so to your point, they talked a lot about crypto, 781 00:36:04,120 --> 00:36:08,719 Speaker 1: but now now they're doing all this this bitcoin um advertising. 782 00:36:09,080 --> 00:36:11,160 Speaker 1: You're listening to the Mark Mos Show. Of course, if 783 00:36:11,200 --> 00:36:13,600 Speaker 1: you're just tuning in, we're listening. We're talking about politics 784 00:36:13,840 --> 00:36:16,920 Speaker 1: and bitcoin, two things that probably shouldn't go together, but 785 00:36:16,960 --> 00:36:18,840 Speaker 1: we're discussing how that works. I'm in the studio with 786 00:36:18,920 --> 00:36:21,160 Speaker 1: Dennis Porter. You can find them on Twitter at Dennis 787 00:36:21,239 --> 00:36:25,680 Speaker 1: underscore port or underscore, and we're talking about how the really, 788 00:36:25,960 --> 00:36:28,279 Speaker 1: as I say all the time, how bitcoin, how technology 789 00:36:28,400 --> 00:36:31,239 Speaker 1: changes the way that we organized communicate, and that's what 790 00:36:31,400 --> 00:36:35,640 Speaker 1: changes the world. It's the decentralized revolution. Dennis has been 791 00:36:35,640 --> 00:36:38,919 Speaker 1: talking about how we can change politics in a decentralized 792 00:36:38,960 --> 00:36:43,200 Speaker 1: fashion from the ground up local level, to the state level, 793 00:36:43,320 --> 00:36:46,920 Speaker 1: and then eventually to the federal level. Give him a follow, 794 00:36:47,000 --> 00:36:49,160 Speaker 1: say something on Twitter. Reach out to me. I'm number 795 00:36:49,520 --> 00:36:53,719 Speaker 1: at number one, Mark moss at one, Mark moss Um. 796 00:36:53,760 --> 00:36:56,280 Speaker 1: That's what we got for you today. I appreciate you listening. 797 00:36:56,320 --> 00:36:57,799 Speaker 1: I'll be back with more later. Thanks,