1 00:00:00,080 --> 00:00:02,240 Speaker 1: All right, welcome back. You are listening to another episode 2 00:00:02,240 --> 00:00:04,480 Speaker 1: of The Markmas Show where we talk about bitcoin. We 3 00:00:04,519 --> 00:00:07,880 Speaker 1: talked about the decentralized revolution, we talk about what the 4 00:00:07,920 --> 00:00:10,600 Speaker 1: heck is going on in the world today, trying to 5 00:00:10,640 --> 00:00:13,480 Speaker 1: bring some sense of that, UM And so each and 6 00:00:13,480 --> 00:00:16,639 Speaker 1: every week I dig deep into the news headlines, I 7 00:00:16,720 --> 00:00:22,760 Speaker 1: dig deep into history, um, politics, finance, and I mash 8 00:00:22,840 --> 00:00:24,959 Speaker 1: it all up and put it all together so you 9 00:00:25,040 --> 00:00:28,960 Speaker 1: have some context. UM. Hopefully I'm your favorite listen of 10 00:00:28,960 --> 00:00:31,800 Speaker 1: the week, and you should have a calendar reminder letting 11 00:00:31,800 --> 00:00:33,680 Speaker 1: you know win um on. If you don't already, go 12 00:00:33,680 --> 00:00:35,479 Speaker 1: ahead and grab your phone and put that for this date, 13 00:00:35,560 --> 00:00:37,839 Speaker 1: this time on this channel, and make sure to join me. 14 00:00:38,800 --> 00:00:41,600 Speaker 1: There's a lot of guys talking about politics, there's a 15 00:00:41,640 --> 00:00:45,720 Speaker 1: lot of guys talking about finance. There's not a lot 16 00:00:45,760 --> 00:00:48,680 Speaker 1: of guys putting it all together into the context that 17 00:00:48,720 --> 00:00:50,879 Speaker 1: you need of what's going on today. And that's what 18 00:00:50,920 --> 00:00:53,080 Speaker 1: I'm trying to do for you each end every week. Now, 19 00:00:54,240 --> 00:00:56,880 Speaker 1: you know, I talk about politics, finance, the intersection of 20 00:00:56,880 --> 00:00:59,600 Speaker 1: those three politics, finance and technology, which for me is 21 00:00:59,600 --> 00:01:02,760 Speaker 1: bitcoin and uh, like I said, when you put all 22 00:01:02,800 --> 00:01:05,040 Speaker 1: three of those together, it starts to make a lot 23 00:01:05,080 --> 00:01:08,600 Speaker 1: of sense. Now, UM, I don't typically spend a lot 24 00:01:08,640 --> 00:01:11,200 Speaker 1: of time talking about the price of bitcoin because, in 25 00:01:11,240 --> 00:01:14,240 Speaker 1: my opinion, the price is actually one of the least 26 00:01:14,319 --> 00:01:18,560 Speaker 1: interesting things. I call it the great bait and switch. 27 00:01:19,160 --> 00:01:23,880 Speaker 1: People come to make money and they stay for the freedom. UM. 28 00:01:23,880 --> 00:01:25,399 Speaker 1: So I like it at the baitan switch, and and 29 00:01:25,400 --> 00:01:27,720 Speaker 1: I understand most people come for that. And so you know, 30 00:01:27,840 --> 00:01:30,240 Speaker 1: while it's not the most interesting thing, uh, it is 31 00:01:30,280 --> 00:01:34,320 Speaker 1: something to talk about, and right now it's very interesting, 32 00:01:34,560 --> 00:01:37,920 Speaker 1: more interesting than normal because of what is going on 33 00:01:38,000 --> 00:01:40,959 Speaker 1: in the world today. Specifically I'm talking about, um, the 34 00:01:41,160 --> 00:01:45,520 Speaker 1: Ukraine and Russia. So unless you're living under a rock, 35 00:01:46,240 --> 00:01:47,920 Speaker 1: which I'm guessing you're not because you're listening to me, 36 00:01:48,480 --> 00:01:51,280 Speaker 1: you know what's going on. Um. We basically had a 37 00:01:51,320 --> 00:01:55,760 Speaker 1: full scale invasion of Russia, a full not an invasion, 38 00:01:55,920 --> 00:01:59,280 Speaker 1: a takeover of Russia moving into Ukraine. I've been talking 39 00:01:59,280 --> 00:02:01,920 Speaker 1: about this little bit as a matter of fact on 40 00:02:01,960 --> 00:02:05,280 Speaker 1: my YouTube channel. UM. I made a video over four 41 00:02:05,360 --> 00:02:09,840 Speaker 1: weeks ago and I predicted that Russia would in fact 42 00:02:10,000 --> 00:02:13,160 Speaker 1: invade Ukraine. And I said that over four weeks ago, 43 00:02:13,240 --> 00:02:15,160 Speaker 1: which um, you know, up until even just a week 44 00:02:15,240 --> 00:02:18,560 Speaker 1: or two ago, people thought they weren't um although the 45 00:02:18,560 --> 00:02:20,320 Speaker 1: Biden ad men has been saying they were going to 46 00:02:20,360 --> 00:02:24,359 Speaker 1: invade next Wednesday, next Thursday, they were going to invade UM. 47 00:02:24,360 --> 00:02:27,000 Speaker 1: The problem is that nobody trust the government anymore. You 48 00:02:27,080 --> 00:02:30,639 Speaker 1: kind of have this uh, this boy who cried wolf syndrome, 49 00:02:31,000 --> 00:02:32,720 Speaker 1: and we just don't know who to believe anymore. They 50 00:02:32,800 --> 00:02:34,960 Speaker 1: just constantly lie all the time, and then they don't 51 00:02:34,960 --> 00:02:38,280 Speaker 1: even go back and and uh and make you know, 52 00:02:38,520 --> 00:02:42,040 Speaker 1: make even correct their mistakes or apologize. Even if they 53 00:02:42,040 --> 00:02:44,600 Speaker 1: don't apologize, at least correct them right. And they don't. 54 00:02:44,600 --> 00:02:46,880 Speaker 1: And so it's like they had to believe. But anyway, 55 00:02:46,919 --> 00:02:49,320 Speaker 1: most people thought they wouldn't invade. I said they would 56 00:02:49,320 --> 00:02:50,920 Speaker 1: four weeks ago. And the reason why I knew they 57 00:02:50,919 --> 00:02:55,640 Speaker 1: would it's because the US is um, I don't know, impotent. 58 00:02:56,800 --> 00:02:59,680 Speaker 1: I mean, look at what happened in Afghanistan. We couldn't 59 00:02:59,680 --> 00:03:01,799 Speaker 1: even we couldn't even hold off a couple of guys 60 00:03:01,840 --> 00:03:04,639 Speaker 1: and pickup trucks with machine guns. We literally ran with 61 00:03:04,680 --> 00:03:07,320 Speaker 1: our teletucreeen O Lakes. So so afraid that people were 62 00:03:07,360 --> 00:03:10,200 Speaker 1: Americans were literally like hanging off the side of aircraft 63 00:03:10,360 --> 00:03:12,760 Speaker 1: trying to get out of there. And so when you 64 00:03:12,800 --> 00:03:16,000 Speaker 1: see when the world sees that happen, when you have 65 00:03:16,080 --> 00:03:20,680 Speaker 1: a president that can't even put coherent sentences together, the 66 00:03:20,720 --> 00:03:25,679 Speaker 1: world sees that. Right Putin from Russia saw that, and 67 00:03:25,720 --> 00:03:29,840 Speaker 1: he he challenged President Biden to a debate on the 68 00:03:29,840 --> 00:03:33,280 Speaker 1: world stage. Why would he challenge him to a debate 69 00:03:33,320 --> 00:03:36,240 Speaker 1: because he knows he can't even put a coherent sentence together. 70 00:03:36,880 --> 00:03:41,360 Speaker 1: They see that the most powerful military in the history 71 00:03:41,400 --> 00:03:45,120 Speaker 1: of the world couldn't even defeat some guys in pickup 72 00:03:45,160 --> 00:03:47,880 Speaker 1: trucks with machine guns. They couldn't even get their people 73 00:03:47,920 --> 00:03:50,600 Speaker 1: out of the country. And so what happens when that 74 00:03:50,640 --> 00:03:53,760 Speaker 1: happens right there? Um, if you're if you're following the 75 00:03:53,840 --> 00:03:57,320 Speaker 1: law of the jungle, if you show a sign of weakness, 76 00:03:57,520 --> 00:04:00,440 Speaker 1: guess what's gonna happen? Right, Someone's gonna come and eat 77 00:04:00,480 --> 00:04:03,640 Speaker 1: your lunch. And so when that happens, and then, uh, 78 00:04:03,720 --> 00:04:05,720 Speaker 1: you know, Russia says, well, shoot, maybe we should just 79 00:04:05,720 --> 00:04:08,760 Speaker 1: go take Ukraine back. And we know the United States 80 00:04:08,760 --> 00:04:10,640 Speaker 1: is gonna do anything about it. The United States is 81 00:04:10,680 --> 00:04:14,600 Speaker 1: gonna threaten something, some sanctions whatever, um, but probably not. 82 00:04:15,160 --> 00:04:16,960 Speaker 1: Then you know they're not afraid to do that. So that. 83 00:04:16,960 --> 00:04:18,760 Speaker 1: That's how I was able to predict that, and I 84 00:04:18,839 --> 00:04:21,400 Speaker 1: predicted that they would and then I predicted that the 85 00:04:21,480 --> 00:04:25,320 Speaker 1: US would, you know, slap some sanctions on them, and um, 86 00:04:25,360 --> 00:04:26,880 Speaker 1: you know that way they feel like they saved a 87 00:04:26,920 --> 00:04:29,320 Speaker 1: little bit of face, but like nothing was meaningful. And 88 00:04:29,360 --> 00:04:33,120 Speaker 1: sure enough, you know, we saw Russia just march right in. 89 00:04:33,200 --> 00:04:34,800 Speaker 1: What they did is actually a full scale attack. As 90 00:04:34,800 --> 00:04:37,719 Speaker 1: a matter of fact, they bombed the entire country. And 91 00:04:37,760 --> 00:04:39,400 Speaker 1: I think it was kind of the shock and awe. 92 00:04:39,600 --> 00:04:40,919 Speaker 1: I think it was probably a couple of things. Was 93 00:04:40,920 --> 00:04:43,520 Speaker 1: like a shock and awe where they showed their power. 94 00:04:43,600 --> 00:04:46,000 Speaker 1: So they, like I said, they bombed the entire country 95 00:04:46,000 --> 00:04:47,960 Speaker 1: at one time. I don't know, I didn't count them up, 96 00:04:48,000 --> 00:04:52,080 Speaker 1: twenty thirty locations at once, and it was it was devastating, right, 97 00:04:52,120 --> 00:04:55,880 Speaker 1: it was a devastating shock and awe, and it was demoralizing. 98 00:04:57,200 --> 00:05:02,560 Speaker 1: They demoralized the people of Ukraine and on top of it, NATO, 99 00:05:02,800 --> 00:05:05,280 Speaker 1: which is you know, the pack of countries in Europe. 100 00:05:05,960 --> 00:05:08,960 Speaker 1: They didn't do anything. The US didn't do anything, and 101 00:05:09,000 --> 00:05:11,160 Speaker 1: it was almost like Putin just walked right in and 102 00:05:11,200 --> 00:05:14,640 Speaker 1: just ate their lunch, which is what happens in the jungle. 103 00:05:14,760 --> 00:05:17,440 Speaker 1: When you show weakness. UM. So we saw that. Now, 104 00:05:17,640 --> 00:05:19,599 Speaker 1: the reason why I'm talking about that is because as 105 00:05:19,640 --> 00:05:22,840 Speaker 1: that happened over the last twenty four hours, we saw 106 00:05:22,839 --> 00:05:29,359 Speaker 1: the markets crashing, tanking UM. Not just bitcoin and cryptocurrencies, 107 00:05:29,400 --> 00:05:33,640 Speaker 1: but most of the assets, the stock markets, UM, et cetera. Now, 108 00:05:33,680 --> 00:05:36,440 Speaker 1: what's important to understand about this is it's not always 109 00:05:36,440 --> 00:05:38,839 Speaker 1: what happens in the market is what it's what comes next. 110 00:05:39,200 --> 00:05:41,799 Speaker 1: So what happens is as wars breaking out, that leads 111 00:05:41,800 --> 00:05:47,200 Speaker 1: to a lot of uncertainty. What's gonna happen. We don't know, right, 112 00:05:48,040 --> 00:05:51,520 Speaker 1: it's uncertainty. I don't know what's gonna happen. And so 113 00:05:51,600 --> 00:05:54,400 Speaker 1: what happens is UM people start trying to make moves 114 00:05:54,480 --> 00:05:57,880 Speaker 1: based off of that. But the markets, the markets are 115 00:05:57,880 --> 00:06:01,599 Speaker 1: called discounting mechanisms, so that means at UM people are 116 00:06:02,000 --> 00:06:05,040 Speaker 1: discounting the future. So I'm making a move based off 117 00:06:05,080 --> 00:06:07,200 Speaker 1: of what I think in the future. So I'm buying 118 00:06:07,240 --> 00:06:09,680 Speaker 1: this stock or this cryptocurrency because i think it's worth 119 00:06:09,839 --> 00:06:11,400 Speaker 1: more in the future. I'm gonna short because I think 120 00:06:11,400 --> 00:06:13,880 Speaker 1: it's worth less in the future, or something like that. UM. 121 00:06:13,920 --> 00:06:16,479 Speaker 1: And so what happens is when you see things happening 122 00:06:16,480 --> 00:06:19,840 Speaker 1: in the market. That means they're pricing things in. Um, 123 00:06:19,920 --> 00:06:24,440 Speaker 1: So when the market started crashing, the markets were already 124 00:06:24,440 --> 00:06:26,640 Speaker 1: pricing that in. By the time it happens, it's kind 125 00:06:26,640 --> 00:06:29,200 Speaker 1: of too late. But um what a lot of people 126 00:06:29,279 --> 00:06:34,000 Speaker 1: aren't really grasping is that typically, what we've seen throughout 127 00:06:34,040 --> 00:06:37,800 Speaker 1: history is that markets actually tend to bottom when the 128 00:06:37,880 --> 00:06:43,120 Speaker 1: invasion begins, and then it punishes the consensus view on 129 00:06:43,160 --> 00:06:46,240 Speaker 1: the market, so it bottoms when the invasion begins. So 130 00:06:46,279 --> 00:06:50,320 Speaker 1: the invasion started and bitcoin and cryptocurrencies and all the 131 00:06:50,360 --> 00:06:53,520 Speaker 1: markets started crashing. Now we can look back and we 132 00:06:53,560 --> 00:06:56,280 Speaker 1: can see a chart of this happening in the Vietnam War. 133 00:06:56,920 --> 00:06:58,919 Speaker 1: We can see it happening in the Goal for we 134 00:06:58,920 --> 00:07:01,480 Speaker 1: can see it happened in the Aghanistan War. We can 135 00:07:01,520 --> 00:07:03,200 Speaker 1: see it in the Iraq War. We can see it 136 00:07:03,200 --> 00:07:06,640 Speaker 1: in the Crimean War, which was the time when last 137 00:07:06,640 --> 00:07:09,320 Speaker 1: time when Russia invaded Ukraine. And we can see that 138 00:07:09,400 --> 00:07:13,560 Speaker 1: there's this bottoming moment every time the invasion happens, and 139 00:07:13,640 --> 00:07:17,160 Speaker 1: then the markets rally. And so what's been happening is 140 00:07:17,200 --> 00:07:20,440 Speaker 1: the last couple of weeks people have been rotating out 141 00:07:20,960 --> 00:07:24,680 Speaker 1: of risk and they're moving in to more safe havens 142 00:07:24,680 --> 00:07:26,960 Speaker 1: and value, which is why gold has been pumping and 143 00:07:27,000 --> 00:07:30,360 Speaker 1: bit woin has been going down things like that. However, 144 00:07:30,440 --> 00:07:32,440 Speaker 1: it's kind of like this, uh you might have heard 145 00:07:32,480 --> 00:07:37,240 Speaker 1: and investing it's uh, by the news right by the 146 00:07:37,280 --> 00:07:40,440 Speaker 1: news sell the event, so um in advance of that, 147 00:07:40,480 --> 00:07:43,080 Speaker 1: they're starting to position, but once the news happens, once 148 00:07:43,080 --> 00:07:45,480 Speaker 1: the invasion happens, then the markets start pumping again. That's 149 00:07:45,480 --> 00:07:48,000 Speaker 1: what history shows us through those wars, as I mentioned, 150 00:07:48,000 --> 00:07:50,760 Speaker 1: and of course today exactly shows that as well. So, 151 00:07:50,840 --> 00:07:52,760 Speaker 1: like I said, we boughtomed as low as thirty four 152 00:07:52,840 --> 00:07:55,040 Speaker 1: thousand and then pumped almost a back up to forty 153 00:07:56,080 --> 00:08:01,320 Speaker 1: um by the news, right by the by the by 154 00:08:01,360 --> 00:08:03,360 Speaker 1: the rumors, sell the news. I'm sorry, that's how that's 155 00:08:03,400 --> 00:08:05,720 Speaker 1: how it goes. Now. Bitcoin was is low down is 156 00:08:05,840 --> 00:08:10,280 Speaker 1: thirty two thousand all the way back about thirty days ago. 157 00:08:10,680 --> 00:08:13,120 Speaker 1: So you know, thirty two thirty days ago was up 158 00:08:13,160 --> 00:08:15,280 Speaker 1: to about thirty eight thousands time at the time of this, 159 00:08:15,680 --> 00:08:18,320 Speaker 1: and so it's you know, it's moving pretty good. But 160 00:08:18,360 --> 00:08:20,080 Speaker 1: that's that's my opinion on that. I think that's why 161 00:08:20,120 --> 00:08:22,360 Speaker 1: it happened. People were just kind of trying to position 162 00:08:22,600 --> 00:08:25,600 Speaker 1: in advance. Now there's a lot of positive catalysts of 163 00:08:25,640 --> 00:08:28,720 Speaker 1: what's going on. Obviously, Canada's front and center really bringing 164 00:08:29,120 --> 00:08:34,000 Speaker 1: bitcoin to the world stage, showing the West, showing When 165 00:08:34,000 --> 00:08:35,400 Speaker 1: I talk about the West, I'm talking about the United 166 00:08:35,440 --> 00:08:38,600 Speaker 1: States and in Western Europe, showing the West why something 167 00:08:38,640 --> 00:08:42,160 Speaker 1: like bitcoin is needed. So typically, um in in in 168 00:08:42,400 --> 00:08:47,440 Speaker 1: parts of Africa or Central America, Venezuela, they know why 169 00:08:47,480 --> 00:08:50,040 Speaker 1: they need bitcoin. Nobody has to explain to them why 170 00:08:50,080 --> 00:08:52,760 Speaker 1: they need it. But in the United States and Western Europe, 171 00:08:52,760 --> 00:08:55,760 Speaker 1: people wonder why they need it. And of course, uh, 172 00:08:55,840 --> 00:08:57,760 Speaker 1: Canada is doing their best to do the marketing and 173 00:08:57,800 --> 00:09:00,400 Speaker 1: bringing it to the world stage. So there's a lot 174 00:09:00,400 --> 00:09:02,400 Speaker 1: of catalyste to why I should go up in value. 175 00:09:02,600 --> 00:09:05,359 Speaker 1: I think this weakness has really been around this uncertainty, 176 00:09:05,800 --> 00:09:08,800 Speaker 1: around the war. You listen to the Markma Show. I 177 00:09:08,840 --> 00:09:11,040 Speaker 1: got a lot more coming up. Do not go away, 178 00:09:11,080 --> 00:09:13,120 Speaker 1: I'll be right back. All right, welcome back. You are 179 00:09:13,160 --> 00:09:15,640 Speaker 1: listening to the Markma Show. We're talking about bitcoin. We're 180 00:09:15,679 --> 00:09:19,560 Speaker 1: talking about this decentralized revolution. We are talking about what 181 00:09:19,800 --> 00:09:22,439 Speaker 1: is going on in the world today. It is extreme 182 00:09:22,800 --> 00:09:26,240 Speaker 1: madness out there. If you have been paying attention at all, 183 00:09:26,880 --> 00:09:29,440 Speaker 1: um and if you haven't, well you are. I know 184 00:09:29,520 --> 00:09:31,280 Speaker 1: you are because you're listening to me right now. You're 185 00:09:31,320 --> 00:09:33,640 Speaker 1: hearing my voice. I like to say a quote from 186 00:09:33,640 --> 00:09:36,200 Speaker 1: Iron Rand, she's one of my favorite authors. She wrote 187 00:09:36,240 --> 00:09:38,800 Speaker 1: the book at Las Shrugged, The fountain Head and others. 188 00:09:39,200 --> 00:09:42,400 Speaker 1: Um She said that you can choose to ignore reality, 189 00:09:42,440 --> 00:09:47,280 Speaker 1: but you can't ignore the consequences of reality. That's what 190 00:09:47,400 --> 00:09:49,640 Speaker 1: that means is that an ostrich can bury its head 191 00:09:49,679 --> 00:09:52,960 Speaker 1: in the sand, but it won't keep it from being eaten. 192 00:09:53,920 --> 00:09:56,280 Speaker 1: And so you can choose to not pay attention to 193 00:09:56,320 --> 00:09:58,600 Speaker 1: what's going on right now in the world, but it's 194 00:09:58,679 --> 00:10:02,560 Speaker 1: not going to protect you from what's going on. And 195 00:10:02,640 --> 00:10:04,400 Speaker 1: so you might as well be paying attention. And like 196 00:10:04,440 --> 00:10:06,920 Speaker 1: I said, I know you are because you are listening 197 00:10:06,960 --> 00:10:09,560 Speaker 1: to this right now. It's something that I spend all 198 00:10:09,600 --> 00:10:13,240 Speaker 1: my time focusing on studying the news, talking about it 199 00:10:13,280 --> 00:10:15,040 Speaker 1: on my YouTube channel, talking about it here with you 200 00:10:15,040 --> 00:10:17,520 Speaker 1: guys on the radio each and every week to keep 201 00:10:17,559 --> 00:10:20,040 Speaker 1: you up to date, because it can be disastrous if 202 00:10:20,040 --> 00:10:22,439 Speaker 1: you're not paying attention. However, it could be the biggest 203 00:10:22,440 --> 00:10:25,920 Speaker 1: opportunity of your life if you play it the right way. 204 00:10:26,400 --> 00:10:28,280 Speaker 1: It's something I spend so much time on One of 205 00:10:28,280 --> 00:10:30,079 Speaker 1: the things I love about having this platform with the 206 00:10:30,160 --> 00:10:33,120 Speaker 1: radio show is that I get to talk to lots 207 00:10:33,120 --> 00:10:35,679 Speaker 1: of other people, very high level people, and I can 208 00:10:35,760 --> 00:10:39,600 Speaker 1: really sharpen up my own game. I even hold my 209 00:10:39,640 --> 00:10:42,839 Speaker 1: own live event where I bring all these people together. Uh. 210 00:10:42,920 --> 00:10:46,680 Speaker 1: You can find that at Market Disruptors Live dot com 211 00:10:46,760 --> 00:10:48,600 Speaker 1: and UH we're having one coming up in a couple 212 00:10:48,640 --> 00:10:50,880 Speaker 1: of months, and you can hear from them and try 213 00:10:50,880 --> 00:10:52,400 Speaker 1: to make these own plans, because, like I said, you 214 00:10:52,440 --> 00:10:55,440 Speaker 1: can ignore this, but it's not going to work out 215 00:10:55,440 --> 00:10:57,240 Speaker 1: too well for you. You You need to understand what's going 216 00:10:57,280 --> 00:10:59,160 Speaker 1: on with the rush of Ukraine. You need to understand 217 00:10:59,200 --> 00:11:00,960 Speaker 1: what's going on in Canada. Uh, you need to understand 218 00:11:01,000 --> 00:11:03,800 Speaker 1: what's going on with the Federal Reserve, and UH you 219 00:11:03,840 --> 00:11:09,280 Speaker 1: have to have understands in context of what's going on today. Now. 220 00:11:09,360 --> 00:11:11,800 Speaker 1: UM some other headlines that we see, UM, I thought 221 00:11:11,840 --> 00:11:15,439 Speaker 1: it was interesting as Canada is going after self custody 222 00:11:16,000 --> 00:11:18,959 Speaker 1: um and they're even saying that some of these cryptocurrency 223 00:11:18,960 --> 00:11:22,320 Speaker 1: exchange ceo s like coin Base and cracking CEOs are 224 00:11:22,679 --> 00:11:26,560 Speaker 1: helping people evade sanctions by telling people they should custody 225 00:11:26,600 --> 00:11:29,520 Speaker 1: their own coins. We also saw the U S. Secret 226 00:11:29,600 --> 00:11:33,800 Speaker 1: Service come out and make an announcement regarding bitcoin and cryptocurrencies, 227 00:11:33,800 --> 00:11:37,440 Speaker 1: which I thought was pretty interesting because they came out 228 00:11:37,559 --> 00:11:41,200 Speaker 1: and uh, you know Secret Service they regulate currencies and 229 00:11:41,240 --> 00:11:44,960 Speaker 1: so cryptocurrencies as well, and uh. An announcement released last Friday, 230 00:11:44,960 --> 00:11:47,440 Speaker 1: the US Secret Service said that the new initiative seeks 231 00:11:47,480 --> 00:11:51,960 Speaker 1: to quote provide public awareness information on digital assets, security 232 00:11:52,080 --> 00:11:55,160 Speaker 1: and quote. Um. But what I liked about this is 233 00:11:55,200 --> 00:11:59,760 Speaker 1: that at a time when we see um this villainizing 234 00:11:59,880 --> 00:12:03,200 Speaker 1: or demonizing a bitcoin and cryptocurrencies, Like, how dare you 235 00:12:03,280 --> 00:12:07,280 Speaker 1: think you have the right to hold your money, your assets, 236 00:12:07,280 --> 00:12:09,360 Speaker 1: your property in a way that we can't seize. Um, 237 00:12:09,440 --> 00:12:11,600 Speaker 1: That's that's what we're seeing for the most part. Right, 238 00:12:11,640 --> 00:12:14,240 Speaker 1: you don't have the right to choose these things. Um. 239 00:12:14,280 --> 00:12:17,400 Speaker 1: We saw a different message come from the Secret Service. 240 00:12:18,400 --> 00:12:21,320 Speaker 1: They said, Uh, the agency stress that quote, investments and 241 00:12:21,360 --> 00:12:26,440 Speaker 1: transactions using cryptocurrencies and digital assets are not inherently criminal 242 00:12:26,960 --> 00:12:32,959 Speaker 1: end quote. Imagine that investments, interns actions using cryptocurrencies are 243 00:12:32,960 --> 00:12:38,600 Speaker 1: not inherently criminal. Duh Uh. While it seems so obvious, 244 00:12:38,679 --> 00:12:41,880 Speaker 1: I like to at least see them saying that. It said, 245 00:12:41,880 --> 00:12:45,120 Speaker 1: while noting that they provide quote new opportunities for those 246 00:12:45,160 --> 00:12:48,280 Speaker 1: seeking to commit fraud or otherwise conceal further legal activities. 247 00:12:48,440 --> 00:12:50,400 Speaker 1: So it does create new opportunities for those seeking to 248 00:12:50,400 --> 00:12:56,040 Speaker 1: commit fraud. Sure, there's fraud all kinds of ways. Every 249 00:12:55,640 --> 00:12:59,560 Speaker 1: everything is a new opportunity to commit fraud. Um. I 250 00:12:59,679 --> 00:13:02,000 Speaker 1: was talking to someone recently about trying to find a 251 00:13:02,080 --> 00:13:05,280 Speaker 1: room for rent here in the local area, and they said, oh, 252 00:13:05,280 --> 00:13:07,200 Speaker 1: I was talking about, like, oh, go on like Craigslist 253 00:13:07,200 --> 00:13:08,400 Speaker 1: and look for rooms to rent, and they said, oh, 254 00:13:08,440 --> 00:13:10,400 Speaker 1: you gotta be careful. There's so many scams, there's all 255 00:13:10,480 --> 00:13:14,160 Speaker 1: kinds of fraud going on there. So rooms for rent 256 00:13:14,160 --> 00:13:17,080 Speaker 1: on Craigslist opportunity creates a new opportunity for those seeking 257 00:13:17,120 --> 00:13:20,520 Speaker 1: to commit fraud. Um. So, Sure, digital assets also, I guess, 258 00:13:20,520 --> 00:13:22,800 Speaker 1: could be a way to commit fraud. But guess what. 259 00:13:23,600 --> 00:13:28,920 Speaker 1: Committing fraud is illegal. There's a crime. There's already laws 260 00:13:28,960 --> 00:13:31,839 Speaker 1: for that. But per what they said is that I'm 261 00:13:32,080 --> 00:13:36,040 Speaker 1: transacting in cryptocurrencies is not inherent legal illegal. They went 262 00:13:36,080 --> 00:13:39,000 Speaker 1: on to say that the U. S. Secret Service also 263 00:13:39,080 --> 00:13:43,600 Speaker 1: noted that quote, cryptocurrencies continue to become more popular forms 264 00:13:43,640 --> 00:13:46,120 Speaker 1: of payment and quote and for that reason, the agency 265 00:13:46,240 --> 00:13:49,079 Speaker 1: must quote must also remain at the forefront of both 266 00:13:49,160 --> 00:13:53,800 Speaker 1: educating the public and combatting financial fraud and quote so sure, UM, 267 00:13:54,000 --> 00:13:57,080 Speaker 1: I don't know if it's their goal to educate the public. UM, 268 00:13:57,120 --> 00:14:00,320 Speaker 1: it's probably your responsibility to get your education. Wich of course, 269 00:14:00,360 --> 00:14:01,920 Speaker 1: is why you're listening to me, and I'm I'm doing 270 00:14:01,920 --> 00:14:04,400 Speaker 1: my best to bring that to you. UM. But UM, 271 00:14:04,800 --> 00:14:07,080 Speaker 1: I guess it's not a bad idea to, you know, 272 00:14:07,600 --> 00:14:10,640 Speaker 1: let people know about the fraud. UM. By the way, UM, 273 00:14:10,679 --> 00:14:13,400 Speaker 1: if you follow me on social media, UM, if you don't, 274 00:14:13,440 --> 00:14:17,200 Speaker 1: you should. You can find me on Twitter or Instagram. 275 00:14:17,760 --> 00:14:21,040 Speaker 1: UM at one Mark Moss. That's the number one Mark Moss. 276 00:14:21,400 --> 00:14:23,240 Speaker 1: But the problem is is the fraud is so bad 277 00:14:23,280 --> 00:14:26,280 Speaker 1: on there. So if you are following me, just be aware. UM, 278 00:14:26,320 --> 00:14:30,520 Speaker 1: I have dozens of impersonators popping up on a daily basis. 279 00:14:30,840 --> 00:14:32,640 Speaker 1: And if you follow me on Instagram and Twitter, which 280 00:14:32,640 --> 00:14:35,160 Speaker 1: you should, one Mark Moss about, just be aware that 281 00:14:35,200 --> 00:14:40,239 Speaker 1: you'll probably be messaged by impersonator accounts, and those impersonator 282 00:14:40,240 --> 00:14:43,600 Speaker 1: accounts will probably ask you something like, UM, how's your 283 00:14:43,600 --> 00:14:48,880 Speaker 1: trade going, how's your trading going? Something like that, And now, UM, 284 00:14:48,920 --> 00:14:51,200 Speaker 1: I'm not a trader and I don't think you should 285 00:14:51,240 --> 00:14:54,000 Speaker 1: be a trader either. UM, certainly not going to send 286 00:14:54,040 --> 00:14:56,080 Speaker 1: you a d M from another account asking you how 287 00:14:56,120 --> 00:14:58,840 Speaker 1: your trading is going. So I'll educate you to be 288 00:14:58,880 --> 00:15:01,080 Speaker 1: aware for fraud, be as those people are trying to 289 00:15:01,120 --> 00:15:03,640 Speaker 1: scam you. And unfortunately, I know a lot of people 290 00:15:03,640 --> 00:15:05,840 Speaker 1: who have have fell fallen for that, even people I know. 291 00:15:06,400 --> 00:15:10,360 Speaker 1: It's just insane and it's a as a creator as 292 00:15:10,360 --> 00:15:13,440 Speaker 1: somebody who's putting out content on YouTube and Twitter and Instagram, 293 00:15:13,480 --> 00:15:16,400 Speaker 1: et cetera. It's a shame because those platforms have become 294 00:15:16,440 --> 00:15:20,960 Speaker 1: almost unusable for me. I get spammed so hard. My 295 00:15:21,160 --> 00:15:24,440 Speaker 1: d M s get full of spam, all my comments 296 00:15:24,480 --> 00:15:28,120 Speaker 1: get full of spam, and it's all people searching for 297 00:15:28,200 --> 00:15:31,640 Speaker 1: fraud ways to defraud you. Um, they're gonna tell you 298 00:15:31,640 --> 00:15:33,560 Speaker 1: they're gonna make you a bunch of money on your trading, 299 00:15:33,840 --> 00:15:35,560 Speaker 1: and you should send them money and then they're gonna 300 00:15:35,560 --> 00:15:37,720 Speaker 1: steal it from you. So to what this what this 301 00:15:37,840 --> 00:15:40,560 Speaker 1: article saying about the Secret Service, Um, yes, it does 302 00:15:40,720 --> 00:15:43,240 Speaker 1: represent a new opportunity to commit fraud, just like a 303 00:15:43,320 --> 00:15:46,320 Speaker 1: room for rent apparently is a new opportunity for committing fraud. 304 00:15:46,680 --> 00:15:48,600 Speaker 1: So I think that's important to understanding and that's my 305 00:15:48,680 --> 00:15:51,960 Speaker 1: public service announcement for you again. Follow me on Twitter 306 00:15:52,000 --> 00:15:55,240 Speaker 1: and Instagram at one Mark Moss, but be aware of 307 00:15:55,280 --> 00:15:58,040 Speaker 1: impersonator accounts asking you how your trading is going. That's 308 00:15:58,040 --> 00:16:00,800 Speaker 1: not me. But they went on to say this service article. 309 00:16:01,280 --> 00:16:04,440 Speaker 1: UM this in July, so about two years ago, the 310 00:16:04,440 --> 00:16:08,600 Speaker 1: agency created cyber Fraud Task Force, and the U. S. 311 00:16:08,600 --> 00:16:12,160 Speaker 1: Secret Service Cyber Policy Advisor Jonah Force hill opine that 312 00:16:12,240 --> 00:16:15,880 Speaker 1: the growing trend of cyber crimes is quote, is not 313 00:16:16,040 --> 00:16:19,560 Speaker 1: a specific cryptocurrency issue. That's what he's saying is that 314 00:16:19,680 --> 00:16:23,200 Speaker 1: cyber crimes are just crimes and it's just another opportunity 315 00:16:23,200 --> 00:16:25,600 Speaker 1: they have. But he's saying, quote, it's not a specific 316 00:16:25,600 --> 00:16:29,240 Speaker 1: cryptocurrency issue. So it's not a cryptocurrency specific It's not 317 00:16:29,240 --> 00:16:33,840 Speaker 1: cryptocurrency's fault. Cryptocurrency isn't responsible for this. People are going 318 00:16:33,920 --> 00:16:35,720 Speaker 1: to do fraud with whatever they can do fraud with, 319 00:16:36,040 --> 00:16:37,680 Speaker 1: right since the beegend of time they're trying to sell 320 00:16:37,720 --> 00:16:40,360 Speaker 1: you gold. But it was really lead right there. There's 321 00:16:40,400 --> 00:16:44,560 Speaker 1: all types of fraud. Um, it's not a specific cryptocurrency thing. 322 00:16:45,160 --> 00:16:48,640 Speaker 1: People committing fraud also, like on Craigslist, also use craigslist. 323 00:16:49,440 --> 00:16:52,920 Speaker 1: They also use computers. They also use the Internet, they 324 00:16:52,920 --> 00:16:54,920 Speaker 1: also use real estate. You see, they use all types 325 00:16:54,960 --> 00:16:56,920 Speaker 1: of things for fraud. So it's not a cryptocurrency thing. 326 00:16:57,440 --> 00:16:58,960 Speaker 1: And it says here this is an important piece. It 327 00:16:59,000 --> 00:17:02,280 Speaker 1: says that last month blockchain analytics firm Chain Analysis said, 328 00:17:02,720 --> 00:17:05,800 Speaker 1: so ch Analysis looks at all this data and they 329 00:17:05,840 --> 00:17:08,560 Speaker 1: said that while crime involving cryptocurrencies did surge to a 330 00:17:08,600 --> 00:17:13,159 Speaker 1: new high of fourteen billion, this activity represents just zero 331 00:17:14,040 --> 00:17:19,200 Speaker 1: point one of the total. So of all the transactions 332 00:17:19,200 --> 00:17:23,640 Speaker 1: happening in cryptocurrencies, zero percent, zero point one might be 333 00:17:24,200 --> 00:17:27,560 Speaker 1: some sort of illegal activity. Um. By the way, you're 334 00:17:27,560 --> 00:17:29,280 Speaker 1: listening to the Markmas Show, we're talking about bit when 335 00:17:29,280 --> 00:17:33,080 Speaker 1: we're talking about cryptocurrencies, we are talking about the decentralized revolution. 336 00:17:33,080 --> 00:17:35,720 Speaker 1: We're talking about how to make sense of this craziness 337 00:17:35,760 --> 00:17:39,920 Speaker 1: in the world today. Politics, finance, technology, it's all happening 338 00:17:40,000 --> 00:17:44,040 Speaker 1: right now. It's all converging right now, which is why 339 00:17:44,119 --> 00:17:47,119 Speaker 1: the world is seeming to go crazy. But if you 340 00:17:47,200 --> 00:17:48,960 Speaker 1: understand it from this long lens that I'm trying to 341 00:17:48,960 --> 00:17:52,199 Speaker 1: help you with, it all makes sense. I have a 342 00:17:52,280 --> 00:17:56,160 Speaker 1: lot more coming up. Do not go away, it's super important. 343 00:17:56,200 --> 00:17:58,600 Speaker 1: I'll be right back with more. All right, welcome back. 344 00:17:58,600 --> 00:18:00,919 Speaker 1: You are listening to the Mark Comma Show, and we 345 00:18:01,000 --> 00:18:04,080 Speaker 1: are talking about we're talking about the craziness going on 346 00:18:04,119 --> 00:18:06,080 Speaker 1: in the world today. It's pretty crazy, isn't it. We're 347 00:18:06,119 --> 00:18:09,080 Speaker 1: talking about bitcoin, We're talking about this decentralized revolution, We're 348 00:18:09,080 --> 00:18:14,119 Speaker 1: talking about the the clash, We're talking about the the 349 00:18:14,280 --> 00:18:23,840 Speaker 1: convergence of three technological revolutions, which are politics, technology, and finance. 350 00:18:24,160 --> 00:18:29,280 Speaker 1: All three revolutions happening on a different scale, and they're 351 00:18:29,280 --> 00:18:32,359 Speaker 1: all converging right now, which is why we have this 352 00:18:32,480 --> 00:18:35,160 Speaker 1: craziness going on. And I'm trying to put it all 353 00:18:35,200 --> 00:18:39,399 Speaker 1: together for you to help you make sense, because the 354 00:18:39,400 --> 00:18:45,800 Speaker 1: world is it's crazy right now, right, it's crazy now. Um, 355 00:18:45,840 --> 00:18:48,919 Speaker 1: all of these things converging together is what's causing this 356 00:18:49,000 --> 00:18:51,840 Speaker 1: craziness to happen. The world is going through this transition 357 00:18:51,880 --> 00:18:55,560 Speaker 1: period and transition is not smooth. It's volatile. It goes 358 00:18:55,640 --> 00:18:58,480 Speaker 1: up and down, up and down. And we're seeing this 359 00:18:58,600 --> 00:19:01,720 Speaker 1: kind of battle, if you will. Right, So, we're seeing 360 00:19:02,040 --> 00:19:04,159 Speaker 1: over the last couple weeks in Canada, they're starting to 361 00:19:04,200 --> 00:19:07,520 Speaker 1: try to crack down on your freedom, frees your bank account, 362 00:19:07,560 --> 00:19:10,120 Speaker 1: seize your money, things like that. But the other parts 363 00:19:10,160 --> 00:19:12,440 Speaker 1: of the world. Um, like in the United States. Um, 364 00:19:12,560 --> 00:19:16,119 Speaker 1: they're passing laws to actually protect that. Pretty interesting we saw, 365 00:19:16,240 --> 00:19:19,400 Speaker 1: um last year China got rid of all the bitcoin 366 00:19:19,480 --> 00:19:22,520 Speaker 1: miners in the country and then the United States became 367 00:19:22,560 --> 00:19:25,920 Speaker 1: the largest bitcoin mining hub at the same time. Now, 368 00:19:26,000 --> 00:19:27,720 Speaker 1: what we talked about with bitcoin is we talked about 369 00:19:27,720 --> 00:19:30,360 Speaker 1: this game theory where you know, whoever moves first kind 370 00:19:30,359 --> 00:19:33,479 Speaker 1: of wins kind of a thing. And that's kind of 371 00:19:33,480 --> 00:19:36,680 Speaker 1: what we're seeing play out in real time. And what's 372 00:19:36,720 --> 00:19:40,800 Speaker 1: interesting is while the US has become the biggest beneficiary, um, 373 00:19:40,920 --> 00:19:46,159 Speaker 1: we're starting to see now Europe, the EU trying to 374 00:19:46,240 --> 00:19:50,240 Speaker 1: follow in China's footsteps. What does that mean? Well, remember 375 00:19:50,240 --> 00:19:57,120 Speaker 1: I said China, band this brand new technology. Now where 376 00:19:57,160 --> 00:20:01,520 Speaker 1: do I even start with this talking about band technology? Now? 377 00:20:01,520 --> 00:20:04,679 Speaker 1: What technology? There's something known as creative destruction. So what 378 00:20:04,720 --> 00:20:08,400 Speaker 1: that means is that when something new is created, there's 379 00:20:08,440 --> 00:20:12,919 Speaker 1: a new innovation, it destroys the old way. This is 380 00:20:12,960 --> 00:20:17,560 Speaker 1: not about politics, This is about progress. This is just 381 00:20:17,720 --> 00:20:20,840 Speaker 1: how it works. Okay, Like in a forest, you would 382 00:20:20,880 --> 00:20:23,040 Speaker 1: have to have the old trees or the underbrush would 383 00:20:23,080 --> 00:20:25,720 Speaker 1: have to die so you can have new growth come. 384 00:20:27,280 --> 00:20:29,760 Speaker 1: It's just progress. You had a hundred year old company 385 00:20:29,760 --> 00:20:33,840 Speaker 1: like Kodak making film and then we got digital cameras. 386 00:20:33,840 --> 00:20:36,560 Speaker 1: It was really you know, Instagram helped kill a Kodak, 387 00:20:36,600 --> 00:20:39,800 Speaker 1: but really it was no keya phones taking photos that 388 00:20:39,960 --> 00:20:43,520 Speaker 1: killed Kodak. And it's not against Kodak. No one was 389 00:20:43,640 --> 00:20:47,040 Speaker 1: mad at Kodak. Film worked great for a hundred years, 390 00:20:47,480 --> 00:20:50,920 Speaker 1: but then we just had digital cameras. You know. Um, 391 00:20:50,960 --> 00:20:53,320 Speaker 1: I'm kind of old. I got a couple of kids, 392 00:20:54,520 --> 00:20:57,200 Speaker 1: and uh, you know, when my first daughter was born, 393 00:20:57,280 --> 00:21:00,359 Speaker 1: we didn't really have phones that took all those pick cheers. 394 00:21:01,000 --> 00:21:03,480 Speaker 1: When my other daughter was born, we did. And so 395 00:21:03,560 --> 00:21:06,600 Speaker 1: there's like this big difference of like where our photos 396 00:21:06,640 --> 00:21:09,640 Speaker 1: are and how many photos we have of each kid. Uh, 397 00:21:09,680 --> 00:21:11,479 Speaker 1: it's kind of interesting. And so it's it's not it's 398 00:21:11,520 --> 00:21:14,320 Speaker 1: not it's not political. Um, a hundred years ago, if 399 00:21:14,359 --> 00:21:16,840 Speaker 1: I wanted to listen to Beethoven, I'd have to assemble 400 00:21:16,880 --> 00:21:19,520 Speaker 1: like a hundred person orchestra to play for me. And 401 00:21:19,560 --> 00:21:21,560 Speaker 1: then we had Beethoven on us on a on a 402 00:21:21,680 --> 00:21:23,880 Speaker 1: vinyl record, and then we had Beethoven on a CD. 403 00:21:24,440 --> 00:21:27,520 Speaker 1: And now I just streamed the music. It's not about Hey, 404 00:21:27,600 --> 00:21:29,600 Speaker 1: it's not it's not it's not political. It's not about 405 00:21:29,800 --> 00:21:32,919 Speaker 1: about the about the the instrument or that orchestra. It 406 00:21:33,000 --> 00:21:37,120 Speaker 1: wasn't against vinyl records. It's just progress. That's just what happens. 407 00:21:38,320 --> 00:21:43,639 Speaker 1: We digitized music, we digitized books, we digitized magazines, and 408 00:21:43,680 --> 00:21:46,080 Speaker 1: now money is just being digitized. It's just the way 409 00:21:46,080 --> 00:21:49,520 Speaker 1: it is. It's not about politics, but they want to 410 00:21:49,520 --> 00:21:51,439 Speaker 1: make it political because they want to grab onto it. 411 00:21:51,480 --> 00:21:54,240 Speaker 1: Now we've seen UM leaders from the ECB like Christine Leguarde. 412 00:21:54,240 --> 00:21:58,400 Speaker 1: He said innovation is a threat to our financial stability. 413 00:21:58,880 --> 00:22:02,000 Speaker 1: That's her quote, innovation. That's what you said, Innovation is 414 00:22:02,040 --> 00:22:04,439 Speaker 1: a threat to our financial stability. No, no, no, no no, 415 00:22:04,840 --> 00:22:08,840 Speaker 1: it's a threat to your financial monopoly. It's not political, Christine. 416 00:22:09,320 --> 00:22:11,800 Speaker 1: It's just progress, just what happens. Of course, they don't 417 00:22:11,840 --> 00:22:14,080 Speaker 1: like that. They don't want to lose that, just like 418 00:22:14,080 --> 00:22:16,680 Speaker 1: Code didn't. So what you see is UM. When Uber 419 00:22:16,840 --> 00:22:21,119 Speaker 1: started disrupting the taxi industry, the taxi industry went to 420 00:22:21,200 --> 00:22:23,600 Speaker 1: the government and they started to try to pass laws 421 00:22:24,040 --> 00:22:28,480 Speaker 1: to prohibit Uber from taking out their business right try 422 00:22:28,520 --> 00:22:31,440 Speaker 1: to protect themselves, and the government's doing the same thing. 423 00:22:31,520 --> 00:22:33,760 Speaker 1: They want to protect theirselves, and so they're also trying 424 00:22:33,800 --> 00:22:35,359 Speaker 1: to pass the same thing we saw this week. We 425 00:22:35,400 --> 00:22:41,040 Speaker 1: saw EU parliamentarians push limit, push to limit bitcoin use 426 00:22:41,160 --> 00:22:44,520 Speaker 1: over energy concerns. A provision added to a draft regulatory 427 00:22:44,560 --> 00:22:48,480 Speaker 1: package calls for the restriction of cryptocurrencies that use proof 428 00:22:48,520 --> 00:22:53,760 Speaker 1: of work consensus mechanisms. So bitcoin uses proof of work, 429 00:22:54,440 --> 00:23:00,280 Speaker 1: cryptocurrency uses proof of steak. I'm not gonna dig prett 430 00:23:00,280 --> 00:23:02,600 Speaker 1: deep into this. I have before the difference of proof 431 00:23:02,640 --> 00:23:04,280 Speaker 1: of work versus proof of stake. Those are the two 432 00:23:04,320 --> 00:23:06,720 Speaker 1: different consensus mechanisms. What does it? What does a consensus 433 00:23:06,760 --> 00:23:13,280 Speaker 1: mechanism even mean? Well, Um, typically we've had centralized databases, 434 00:23:13,480 --> 00:23:19,159 Speaker 1: so Facebook, Google, those are centralized databases. Experience the credit 435 00:23:19,200 --> 00:23:23,440 Speaker 1: Agency is a centralized database. Those centralized databases get hacked 436 00:23:23,520 --> 00:23:25,320 Speaker 1: and then your credit data goes all over the internet. 437 00:23:26,520 --> 00:23:30,840 Speaker 1: The revolution that bitcoin brought us is a decentralized database. 438 00:23:30,880 --> 00:23:35,359 Speaker 1: Instead of having one, now we have a million full 439 00:23:35,440 --> 00:23:38,760 Speaker 1: copies of the database. And so instead of the hacker 440 00:23:38,800 --> 00:23:41,840 Speaker 1: hacking into one database and get everything, now they'd have 441 00:23:41,920 --> 00:23:45,600 Speaker 1: to hack um all the databases or or they'd have 442 00:23:45,640 --> 00:23:48,840 Speaker 1: to achieve consensus. So consensus means if there's a million databases, 443 00:23:49,200 --> 00:23:52,840 Speaker 1: more than fifty one percent would have to achieve consensus. 444 00:23:52,840 --> 00:23:55,040 Speaker 1: They would all have to agree on the same thing. 445 00:23:55,080 --> 00:23:56,920 Speaker 1: And so now as a hacker, I'd have to hack 446 00:23:56,960 --> 00:24:00,119 Speaker 1: into over half so UM in that example of a 447 00:24:00,119 --> 00:24:03,200 Speaker 1: million databases, that have to hack into five hundred thousand 448 00:24:03,320 --> 00:24:07,000 Speaker 1: and one so I could achieve consensus. So there's two 449 00:24:07,000 --> 00:24:08,760 Speaker 1: ways to do that. There's proof of work, which is 450 00:24:08,760 --> 00:24:13,439 Speaker 1: the miners are plugged in and they're processing transaction using power. 451 00:24:13,520 --> 00:24:17,440 Speaker 1: Proof of work, and then there's proof of steak. Now, 452 00:24:17,640 --> 00:24:19,840 Speaker 1: why do they want to go after proof of work 453 00:24:19,880 --> 00:24:23,760 Speaker 1: and not proof of steak. It's the energy, right, No, 454 00:24:24,080 --> 00:24:27,400 Speaker 1: it's not the energy. They say, it's the energy. That's 455 00:24:27,400 --> 00:24:29,280 Speaker 1: not really what it is. And I'll explain it a second. 456 00:24:29,720 --> 00:24:32,399 Speaker 1: They say it's the energy. But they really want to 457 00:24:32,400 --> 00:24:34,520 Speaker 1: go after proof of work because they can't control it. 458 00:24:35,760 --> 00:24:38,560 Speaker 1: They can't control it. Proof of steak they can control. 459 00:24:39,160 --> 00:24:41,840 Speaker 1: Proof of steak is like a more of a centralized 460 00:24:41,880 --> 00:24:45,920 Speaker 1: database that has a centralized leadership and has the nodes. 461 00:24:46,040 --> 00:24:49,560 Speaker 1: The database is being run on centralized co location facilities 462 00:24:49,560 --> 00:24:52,359 Speaker 1: like Amazon Web Services. They can control that. They can't 463 00:24:52,400 --> 00:24:54,639 Speaker 1: control proof of work. That's why they're coming after it. 464 00:24:54,880 --> 00:24:58,240 Speaker 1: So it says here UM the markets and Crypto Association 465 00:24:58,440 --> 00:25:00,960 Speaker 1: Regulatory Package for discussion includ is a provision that would 466 00:25:01,040 --> 00:25:04,639 Speaker 1: limit use limit the use of consensus mechanism known as 467 00:25:04,680 --> 00:25:07,880 Speaker 1: proof of work across the union's twenty seven member states. 468 00:25:08,760 --> 00:25:11,560 Speaker 1: One proposed provision seeks to prohibit crypto services that rely 469 00:25:11,840 --> 00:25:17,800 Speaker 1: on environmentally unsustainable consensus mechanisms starting January. I'm sorry January. 470 00:25:19,280 --> 00:25:21,840 Speaker 1: Proof of work cryptocurrency mining is under the microscope of 471 00:25:21,880 --> 00:25:29,639 Speaker 1: regulators worldwide over energy concerns. Um. Yeah, the here is 472 00:25:29,680 --> 00:25:33,119 Speaker 1: the quote. The Greens, the Greens and socialists, as you 473 00:25:33,160 --> 00:25:36,000 Speaker 1: can imagine, are criticizing the proof of work concept and 474 00:25:36,000 --> 00:25:39,119 Speaker 1: criticizing the energy use, saying that bitcoin needs more energy 475 00:25:39,160 --> 00:25:42,800 Speaker 1: than the Netherlands. End quote. You know what else uses 476 00:25:42,840 --> 00:25:46,399 Speaker 1: more energy than the Netherlands? YouTube does? Oh? You know 477 00:25:46,400 --> 00:25:54,080 Speaker 1: what else does? Um? Clothes, dryers, dishwashers, Netflix, They also 478 00:25:54,160 --> 00:25:55,879 Speaker 1: use more energy than the Netherlands. They also use more 479 00:25:55,960 --> 00:25:58,080 Speaker 1: energy than the bitcoin network. So you want to say 480 00:25:58,080 --> 00:25:59,879 Speaker 1: the bitcoin network is waste energy? Well, why do you 481 00:26:00,040 --> 00:26:01,600 Speaker 1: to close dryer? Can't you just hope? Can't you just 482 00:26:01,640 --> 00:26:03,680 Speaker 1: hang your clothes on a on a rack in the backyard. 483 00:26:04,240 --> 00:26:08,480 Speaker 1: They do that all over the world, Right, it's not 484 00:26:08,520 --> 00:26:12,359 Speaker 1: about the energy. I've broken this down pretty deep before, 485 00:26:12,560 --> 00:26:16,240 Speaker 1: but bitcoin goes to where energy isn't being used. It 486 00:26:16,320 --> 00:26:21,359 Speaker 1: can only be profitable to mine bitcoin when you're using 487 00:26:21,600 --> 00:26:24,000 Speaker 1: energy that's already being wasted. So in California it's forty 488 00:26:24,000 --> 00:26:25,359 Speaker 1: cents a kilo one hour in the summer at the 489 00:26:25,400 --> 00:26:28,480 Speaker 1: top tier. Why because there's massive demand for that energy, 490 00:26:28,520 --> 00:26:31,679 Speaker 1: so it's expensive. Bitcoin can't survive on forty cents what 491 00:26:31,840 --> 00:26:36,080 Speaker 1: it needs three cents. Well, if it's forty cents of California, 492 00:26:36,119 --> 00:26:37,800 Speaker 1: how the heck can you get it for three cents? Oh, 493 00:26:37,880 --> 00:26:40,119 Speaker 1: because in some parts of the world there's more energy 494 00:26:40,160 --> 00:26:42,480 Speaker 1: than there are people using it, so it's actually being 495 00:26:42,520 --> 00:26:45,480 Speaker 1: made and then not even being used. When you build 496 00:26:45,480 --> 00:26:47,200 Speaker 1: out a power plant, it's going to produce a certain 497 00:26:47,240 --> 00:26:49,720 Speaker 1: amount of energy, and you can't just turn it up 498 00:26:49,720 --> 00:26:51,840 Speaker 1: and down like a knob. If I create this much, 499 00:26:51,920 --> 00:26:53,920 Speaker 1: then that's how much gets created, and whether it's being 500 00:26:54,000 --> 00:26:56,800 Speaker 1: used or not. So they're willing to sell that excess 501 00:26:56,840 --> 00:26:59,840 Speaker 1: for so cheap, like three cents a What So bitcoin 502 00:27:00,119 --> 00:27:04,719 Speaker 1: only uses energy that would otherwise go unused. It's not, 503 00:27:04,920 --> 00:27:08,159 Speaker 1: it's not it's not taking energy from anybody. So this 504 00:27:08,240 --> 00:27:10,239 Speaker 1: is completely false. Of course it is. It's just they 505 00:27:10,240 --> 00:27:12,720 Speaker 1: want to control it. You're listening to the Mark mos Show. 506 00:27:12,760 --> 00:27:16,000 Speaker 1: We're talking about Bitcoin of the Decentralized Revolution. I'll be 507 00:27:16,000 --> 00:27:18,520 Speaker 1: back with more. All right, welcome back. You are listening 508 00:27:18,520 --> 00:27:21,800 Speaker 1: to the Mark Moa Show. We're talking about this crazy 509 00:27:21,840 --> 00:27:25,160 Speaker 1: world that seems to have gone mad, but actually it's not. 510 00:27:26,119 --> 00:27:29,160 Speaker 1: It's actually not if you understand what's going on. UM, 511 00:27:29,200 --> 00:27:31,400 Speaker 1: you know, there's a there's a lot of crazy things 512 00:27:31,400 --> 00:27:33,480 Speaker 1: going on. A lot of it is is self inflicted, 513 00:27:33,920 --> 00:27:36,280 Speaker 1: and there's also this big agenda that's happening. And I 514 00:27:36,280 --> 00:27:38,879 Speaker 1: think if you step back, UM, it just kind of 515 00:27:39,280 --> 00:27:41,520 Speaker 1: puts it into some clarity. I was talking about before 516 00:27:41,560 --> 00:27:44,560 Speaker 1: the break, I was talking about how the you know, 517 00:27:44,640 --> 00:27:47,879 Speaker 1: there's this tug of war, UM, this game theory playing 518 00:27:47,880 --> 00:27:50,879 Speaker 1: out where we have nation states like El salvad are 519 00:27:50,920 --> 00:27:54,520 Speaker 1: making bitcoin legal tender. We have China kicking out bitcoin miners, 520 00:27:55,119 --> 00:27:57,159 Speaker 1: US as being the big beneficiary of taking on the 521 00:27:57,200 --> 00:28:02,800 Speaker 1: bitcoin miners. Now we have the EU to ban it. Now. 522 00:28:02,800 --> 00:28:04,960 Speaker 1: The thing with bitcoin, um that China found out is 523 00:28:05,000 --> 00:28:08,199 Speaker 1: that you can't stop bitcoin. Um. All you can do 524 00:28:08,280 --> 00:28:11,879 Speaker 1: is stop your people from using bitcoin. So UM, you 525 00:28:11,920 --> 00:28:14,359 Speaker 1: don't hurt the Bitcoin network. All you do is hurt yourself. 526 00:28:14,600 --> 00:28:16,119 Speaker 1: All you do is hurt your people. All you do 527 00:28:16,160 --> 00:28:18,800 Speaker 1: is hurt your country. And that's exactly what will happen 528 00:28:18,800 --> 00:28:21,000 Speaker 1: to Europe if something like this work to go through. 529 00:28:21,400 --> 00:28:24,360 Speaker 1: It would affect all the EU countries, which isn't good. 530 00:28:24,359 --> 00:28:27,320 Speaker 1: But of course, um, while it may seem like why 531 00:28:27,320 --> 00:28:31,800 Speaker 1: would they do that if it's not good for them? 532 00:28:31,840 --> 00:28:33,720 Speaker 1: If you're asking that question, you don't really understand how 533 00:28:33,760 --> 00:28:36,880 Speaker 1: the world works, do you. Apparently not so if you're 534 00:28:36,920 --> 00:28:38,960 Speaker 1: paying attention to how the world is working right now 535 00:28:39,000 --> 00:28:42,360 Speaker 1: at this moment, of course, Uh, unless you've been asleep 536 00:28:42,400 --> 00:28:45,479 Speaker 1: before or in a coma. You know that Russia has 537 00:28:45,520 --> 00:28:49,880 Speaker 1: taken over Ukraine and it's an interesting thing to watch 538 00:28:50,440 --> 00:28:56,320 Speaker 1: because it seems like it's been brought on intentionally. I 539 00:28:56,320 --> 00:28:59,680 Speaker 1: don't want to say intentionally, I would say unintentionally, but 540 00:29:00,000 --> 00:29:04,200 Speaker 1: anybody seems to maybe could have seen this coming. A 541 00:29:04,240 --> 00:29:07,920 Speaker 1: couple of things happened here, so let's see. Let's see, Um, 542 00:29:08,000 --> 00:29:12,320 Speaker 1: the United States was in two thousand and eight, there 543 00:29:12,360 --> 00:29:14,920 Speaker 1: was a new technology that was invented. Remember creative destruction, 544 00:29:15,000 --> 00:29:18,040 Speaker 1: new technology progress. A new technology was invented by the 545 00:29:18,040 --> 00:29:20,360 Speaker 1: free markets, of course, not the government. And it was 546 00:29:20,400 --> 00:29:24,520 Speaker 1: called fracking, and it allowed the United States that allowed 547 00:29:24,520 --> 00:29:26,960 Speaker 1: the world to get energy out of places that didn't 548 00:29:26,960 --> 00:29:29,240 Speaker 1: typically didn't already have enough energy, so that the whole 549 00:29:29,240 --> 00:29:31,480 Speaker 1: world that operated on the theory called peak energy up 550 00:29:31,520 --> 00:29:33,280 Speaker 1: till about two thou eight, and then we found out 551 00:29:33,280 --> 00:29:34,360 Speaker 1: that we have more energy than we know what to 552 00:29:34,400 --> 00:29:39,280 Speaker 1: do with. And because of that, it allowed the United 553 00:29:39,280 --> 00:29:43,840 Speaker 1: States to lower its carbon output by thirty percent, while 554 00:29:43,840 --> 00:29:46,200 Speaker 1: the rest of the world was increasing their carbon output, 555 00:29:46,280 --> 00:29:50,720 Speaker 1: especially Indian and China, the US reduced it's carbon emission 556 00:29:50,760 --> 00:29:55,040 Speaker 1: by over Why well, because each type of fuel is 557 00:29:55,080 --> 00:29:58,880 Speaker 1: more clean than next, so um burning very poor people 558 00:29:58,960 --> 00:30:02,720 Speaker 1: and around the world will chop down trees and burn 559 00:30:02,800 --> 00:30:05,680 Speaker 1: that wood. That's very bad for two reasons. One, the 560 00:30:05,720 --> 00:30:09,160 Speaker 1: trees aren't helping the environment by recycling the carbon. And 561 00:30:09,200 --> 00:30:14,520 Speaker 1: to burning wood is the most polluting type of fuel. Now, 562 00:30:14,560 --> 00:30:17,600 Speaker 1: once people move out of that, they start using oil, 563 00:30:17,800 --> 00:30:19,840 Speaker 1: or I'm sorry, they would move up to coal. Now, 564 00:30:19,880 --> 00:30:23,120 Speaker 1: coal is still dirty, but it's much much cleaner than 565 00:30:23,280 --> 00:30:26,440 Speaker 1: burning wood, and it doesn't require cutting down the trees, 566 00:30:27,000 --> 00:30:29,160 Speaker 1: so coal is much better. So if we can move 567 00:30:29,200 --> 00:30:32,080 Speaker 1: people into a little bit more prosperity. Like coal, we 568 00:30:32,120 --> 00:30:35,200 Speaker 1: can make a massive impact on the climate, a massive 569 00:30:35,440 --> 00:30:38,800 Speaker 1: positive impact on the climate. The next level up is oil. 570 00:30:39,320 --> 00:30:41,600 Speaker 1: So then we can just drill a little tiny hole 571 00:30:41,600 --> 00:30:43,360 Speaker 1: in the ground and we can get oil out. And 572 00:30:43,400 --> 00:30:47,960 Speaker 1: now people don't have to mine and burn coal. So 573 00:30:48,400 --> 00:30:52,120 Speaker 1: by moving people up the ladder into oil, we get 574 00:30:52,320 --> 00:30:57,040 Speaker 1: even better climate control, we get less pollutants, and we 575 00:30:57,040 --> 00:31:00,280 Speaker 1: still keep the trees that help recycle the carbon. The 576 00:31:00,360 --> 00:31:03,840 Speaker 1: next level up from there is natural gas. The key 577 00:31:03,920 --> 00:31:07,160 Speaker 1: word being natural. I mean it's in the ground and 578 00:31:07,200 --> 00:31:09,640 Speaker 1: it just comes out, and we can take that and 579 00:31:09,680 --> 00:31:13,840 Speaker 1: we can convert that into very clean energy. It's the 580 00:31:13,840 --> 00:31:17,640 Speaker 1: cleanest form, much cleaner than burning wood, much better than 581 00:31:17,680 --> 00:31:21,640 Speaker 1: cleaning burning coal, better than oil. We have natural gas, 582 00:31:21,640 --> 00:31:23,400 Speaker 1: and that's what's allowed the United States to reduce this 583 00:31:23,440 --> 00:31:27,680 Speaker 1: carbon output um. In Europe though, because uh and the 584 00:31:27,760 --> 00:31:31,120 Speaker 1: article I read earlier, the greenies, the socialists, they want 585 00:31:31,160 --> 00:31:33,600 Speaker 1: to tell you that you can't even use natural gas, 586 00:31:33,600 --> 00:31:36,400 Speaker 1: and so we've had an energy crisis happening all throughout Europe, 587 00:31:36,600 --> 00:31:40,480 Speaker 1: where in the Netherlands they sit on massive amounts of 588 00:31:40,560 --> 00:31:43,560 Speaker 1: natural gas, but you know, because of the environment, they 589 00:31:43,560 --> 00:31:45,400 Speaker 1: don't want to get out of the ground anymore. In 590 00:31:45,440 --> 00:31:48,440 Speaker 1: the UK, they have massive amounts of natural gas and 591 00:31:48,440 --> 00:31:50,000 Speaker 1: they don't want to get out of the ground anymore either, 592 00:31:50,040 --> 00:31:55,040 Speaker 1: because you know the environment. Um, The problem is that 593 00:31:55,080 --> 00:31:57,280 Speaker 1: while you may not want to get that clean natural 594 00:31:57,280 --> 00:32:02,080 Speaker 1: gas out of the ground, people still need energy. People 595 00:32:02,120 --> 00:32:04,360 Speaker 1: don't need to heat their homes. We also need that 596 00:32:04,440 --> 00:32:08,400 Speaker 1: natural gas to make c O two and fertilizer. Well 597 00:32:08,440 --> 00:32:10,600 Speaker 1: what do we need to go to and fertilizer for? Oh? 598 00:32:10,720 --> 00:32:13,560 Speaker 1: For food? What do we need food for? Well, you 599 00:32:13,560 --> 00:32:16,560 Speaker 1: already know the answer to that. And so they've literally 600 00:32:16,680 --> 00:32:19,600 Speaker 1: purposely decided to shut down their natural gas in the 601 00:32:19,600 --> 00:32:22,320 Speaker 1: Netherlands in the UK and instead we don't want to 602 00:32:22,320 --> 00:32:24,440 Speaker 1: get it because the environment, but we'll gladly just buy 603 00:32:24,440 --> 00:32:26,600 Speaker 1: it from somebody else who's getting it and ruining the environment. 604 00:32:26,760 --> 00:32:28,440 Speaker 1: It doesn't make any sense that that's like, that's like 605 00:32:28,440 --> 00:32:30,320 Speaker 1: I can't commit murders, but I'll hire someone to commit 606 00:32:30,360 --> 00:32:32,959 Speaker 1: murder for me. Like what's the difference, right, So I'm 607 00:32:33,000 --> 00:32:35,200 Speaker 1: not gonna get the energy. Instead, I'm gonna turn my 608 00:32:35,200 --> 00:32:36,960 Speaker 1: own energy off and I'll just buy it all from you. 609 00:32:37,960 --> 00:32:42,320 Speaker 1: And so the the EU has made themselves dependent on Russia. 610 00:32:44,640 --> 00:32:47,200 Speaker 1: So when Russia said, you know, when the U S 611 00:32:47,240 --> 00:32:50,040 Speaker 1: thinks they're gonna Russia will move into Ukraine and that 612 00:32:50,400 --> 00:32:53,200 Speaker 1: NATO will be strong and the U S will stand 613 00:32:53,320 --> 00:32:57,600 Speaker 1: up to them. No, they won't. How can they. They've 614 00:32:57,600 --> 00:33:02,040 Speaker 1: decided to turn their energy off and become dependent on Russia. 615 00:33:03,840 --> 00:33:06,680 Speaker 1: And we saw this week that Russia just marched right 616 00:33:06,720 --> 00:33:09,560 Speaker 1: in and took out Ukraine. This was caused intentionally. Now 617 00:33:09,840 --> 00:33:11,840 Speaker 1: there's three superpowers in the world. We have Russia, we 618 00:33:11,840 --> 00:33:14,200 Speaker 1: have China, we have the US. And typically what happens 619 00:33:14,200 --> 00:33:16,560 Speaker 1: when there's three, like a three person game of poker. 620 00:33:17,160 --> 00:33:18,960 Speaker 1: In a three person game of poker, if you don't 621 00:33:18,960 --> 00:33:22,120 Speaker 1: know who the fool is, that's you. So what happens 622 00:33:22,120 --> 00:33:24,600 Speaker 1: typically in a three game person game of poker is 623 00:33:24,640 --> 00:33:26,760 Speaker 1: two people would would team up against one. And so 624 00:33:27,000 --> 00:33:29,160 Speaker 1: the United States has done really well with working with 625 00:33:29,240 --> 00:33:32,200 Speaker 1: Russia against China, or working with China against Russia and 626 00:33:32,320 --> 00:33:34,880 Speaker 1: keeping um staying in the middle of that. But what 627 00:33:35,000 --> 00:33:38,640 Speaker 1: happened is we saw through the Trump administration that before 628 00:33:38,680 --> 00:33:41,920 Speaker 1: Trump took office, we had this fake steal dossier that 629 00:33:42,000 --> 00:33:45,120 Speaker 1: was put together that's found through the Durham Reports, and 630 00:33:45,160 --> 00:33:48,560 Speaker 1: they drummed up this fake news about this Russia collusion 631 00:33:48,920 --> 00:33:51,719 Speaker 1: and made Russia the bad guy. And even though this 632 00:33:51,800 --> 00:33:54,680 Speaker 1: was completely fake, drummed up and paid for by the 633 00:33:54,680 --> 00:33:59,600 Speaker 1: Clinton campaign, we saw that because of that, the Trump 634 00:33:59,600 --> 00:34:04,040 Speaker 1: administer station couldn't talk to Russia at all. So because 635 00:34:04,080 --> 00:34:06,960 Speaker 1: they hated this guy so bad, they've paid the creative 636 00:34:07,000 --> 00:34:10,719 Speaker 1: fake dossier and because of that at villainized Russia, which 637 00:34:10,719 --> 00:34:13,759 Speaker 1: then prevented Trump from talking to Russia his whole term, 638 00:34:13,880 --> 00:34:15,399 Speaker 1: or else he would be you know, they would say 639 00:34:15,400 --> 00:34:18,000 Speaker 1: that it was it was legit, and so we basically 640 00:34:18,120 --> 00:34:21,240 Speaker 1: had to put Russia in the cold. And what happened 641 00:34:21,280 --> 00:34:23,680 Speaker 1: is by putting Russia in the cold, Russia and China 642 00:34:24,320 --> 00:34:27,080 Speaker 1: have now teamed up and now the United States finds 643 00:34:27,080 --> 00:34:28,840 Speaker 1: themselves the odd man out. So not only has the 644 00:34:28,920 --> 00:34:32,080 Speaker 1: United States pushed itself out because of that, at the 645 00:34:32,120 --> 00:34:35,600 Speaker 1: same time, then the EU has made itself dependent on 646 00:34:35,719 --> 00:34:40,959 Speaker 1: Russia for the energy self inflicted. You could have seen 647 00:34:41,000 --> 00:34:42,880 Speaker 1: this coming, right, it seems like it. Now, why do 648 00:34:42,920 --> 00:34:44,440 Speaker 1: I bring this up? I mean, this is obviously a 649 00:34:44,440 --> 00:34:46,600 Speaker 1: political situation, but I bring it up because this is 650 00:34:46,640 --> 00:34:49,959 Speaker 1: what the EU is doing right now with bitcoin as well. 651 00:34:51,640 --> 00:34:53,759 Speaker 1: They can't shut it down just like they shut their 652 00:34:53,760 --> 00:34:56,000 Speaker 1: own natural gas down and they're just depending on Russia 653 00:34:56,080 --> 00:34:58,520 Speaker 1: to produce natural gas. They want to shut their own 654 00:34:58,560 --> 00:35:00,880 Speaker 1: bitcoin mining down, Okay, great, but they're just gonna be 655 00:35:00,920 --> 00:35:04,759 Speaker 1: dependent on somebody else doing bitcoin mining for them. You 656 00:35:04,760 --> 00:35:06,399 Speaker 1: see how that plays out. It's like the same thing 657 00:35:06,440 --> 00:35:12,359 Speaker 1: over again. This situation was self inflicted, it's not. They're 658 00:35:12,400 --> 00:35:14,960 Speaker 1: not just a victim that didn't just happen. These are 659 00:35:15,000 --> 00:35:18,799 Speaker 1: because policy decisions that were made brought us down this road, 660 00:35:19,160 --> 00:35:22,040 Speaker 1: and the same policy decisions are being made again today. 661 00:35:23,800 --> 00:35:27,440 Speaker 1: And what is Einstein's definition of insanity is doing the 662 00:35:27,440 --> 00:35:30,000 Speaker 1: same thing expecting different results. If you do the same thing, 663 00:35:30,040 --> 00:35:32,759 Speaker 1: you're probably gonna have the same result. And if you 664 00:35:32,760 --> 00:35:36,200 Speaker 1: continue to make these same policy decisions to ban energy 665 00:35:36,400 --> 00:35:39,240 Speaker 1: like they did, or to now ban proof of work 666 00:35:39,320 --> 00:35:42,640 Speaker 1: mining consensus mechanisms, it doesn't make it go away. Banning 667 00:35:42,719 --> 00:35:45,280 Speaker 1: energy doesn't make the need for energy go away. Banning 668 00:35:45,280 --> 00:35:47,840 Speaker 1: bitcoin mining doesn't make it go away. It just gives 669 00:35:47,880 --> 00:35:52,680 Speaker 1: the power to somebody else. That makes sense. Hopefully, hopefully 670 00:35:52,680 --> 00:35:54,279 Speaker 1: it does. I'd love to hear what you think. You 671 00:35:54,280 --> 00:35:56,880 Speaker 1: can send me a message on Twitter at one Mark Moss. 672 00:35:56,920 --> 00:36:00,799 Speaker 1: That's at one Mark Moss love to hear from you, 673 00:36:00,840 --> 00:36:02,440 Speaker 1: and I'd love to hear what you say. Tell me 674 00:36:02,480 --> 00:36:05,080 Speaker 1: I'm an idiot, but tell me why or tell me 675 00:36:05,120 --> 00:36:07,279 Speaker 1: I'm right. Either way, I'd love to hear what you 676 00:36:07,320 --> 00:36:09,560 Speaker 1: have to say. Um and uh. You listen to the 677 00:36:09,600 --> 00:36:12,680 Speaker 1: Mark bas Show. We're talking about bitcoin, the decentralized revolution, 678 00:36:12,760 --> 00:36:15,000 Speaker 1: and bringing sense to the world today. Thanks so much 679 00:36:15,000 --> 00:36:15,480 Speaker 1: for listening.