Speaker 1: All right, welcome back. You are listening to another episode
Speaker 1: of The Markmas Show where we talk about bitcoin. We
Speaker 1: talked about the decentralized revolution, we talk about what the
Speaker 1: heck is going on in the world today, trying to
Speaker 1: bring some sense of that, UM And so each and
Speaker 1: every week I dig deep into the news headlines, I
Speaker 1: dig deep into history, um, politics, finance, and I mash
Speaker 1: it all up and put it all together so you
Speaker 1: have some context. UM. Hopefully I'm your favorite listen of
Speaker 1: the week, and you should have a calendar reminder letting
Speaker 1: you know win um on. If you don't already, go
Speaker 1: ahead and grab your phone and put that for this date,
Speaker 1: this time on this channel, and make sure to join me.
Speaker 1: There's a lot of guys talking about politics, there's a
Speaker 1: lot of guys talking about finance. There's not a lot
Speaker 1: of guys putting it all together into the context that
Speaker 1: you need of what's going on today. And that's what
Speaker 1: I'm trying to do for you each end every week. Now,
Speaker 1: you know, I talk about politics, finance, the intersection of
Speaker 1: those three politics, finance and technology, which for me is
Speaker 1: bitcoin and uh, like I said, when you put all
Speaker 1: three of those together, it starts to make a lot
Speaker 1: of sense. Now, UM, I don't typically spend a lot
Speaker 1: of time talking about the price of bitcoin because, in
Speaker 1: my opinion, the price is actually one of the least
Speaker 1: interesting things. I call it the great bait and switch.
Speaker 1: People come to make money and they stay for the freedom. UM.
Speaker 1: So I like it at the baitan switch, and and
Speaker 1: I understand most people come for that. And so you know,
Speaker 1: while it's not the most interesting thing, uh, it is
Speaker 1: something to talk about, and right now it's very interesting,
Speaker 1: more interesting than normal because of what is going on
Speaker 1: in the world today. Specifically I'm talking about, um, the
Speaker 1: Ukraine and Russia. So unless you're living under a rock,
Speaker 1: which I'm guessing you're not because you're listening to me,
Speaker 1: you know what's going on. Um. We basically had a
Speaker 1: full scale invasion of Russia, a full not an invasion,
Speaker 1: a takeover of Russia moving into Ukraine. I've been talking
Speaker 1: about this little bit as a matter of fact on
Speaker 1: my YouTube channel. UM. I made a video over four
Speaker 1: weeks ago and I predicted that Russia would in fact
Speaker 1: invade Ukraine. And I said that over four weeks ago,
Speaker 1: which um, you know, up until even just a week
Speaker 1: or two ago, people thought they weren't um although the
Speaker 1: Biden ad men has been saying they were going to
Speaker 1: invade next Wednesday, next Thursday, they were going to invade UM.
Speaker 1: The problem is that nobody trust the government anymore. You
Speaker 1: kind of have this uh, this boy who cried wolf syndrome,
Speaker 1: and we just don't know who to believe anymore. They
Speaker 1: just constantly lie all the time, and then they don't
Speaker 1: even go back and and uh and make you know,
Speaker 1: make even correct their mistakes or apologize. Even if they
Speaker 1: don't apologize, at least correct them right. And they don't.
Speaker 1: And so it's like they had to believe. But anyway,
Speaker 1: most people thought they wouldn't invade. I said they would
Speaker 1: four weeks ago. And the reason why I knew they
Speaker 1: would it's because the US is um, I don't know, impotent.
Speaker 1: I mean, look at what happened in Afghanistan. We couldn't
Speaker 1: even we couldn't even hold off a couple of guys
Speaker 1: and pickup trucks with machine guns. We literally ran with
Speaker 1: our teletucreeen O Lakes. So so afraid that people were
Speaker 1: Americans were literally like hanging off the side of aircraft
Speaker 1: trying to get out of there. And so when you
Speaker 1: see when the world sees that happen, when you have
Speaker 1: a president that can't even put coherent sentences together, the
Speaker 1: world sees that. Right Putin from Russia saw that, and
Speaker 1: he he challenged President Biden to a debate on the
Speaker 1: world stage. Why would he challenge him to a debate
Speaker 1: because he knows he can't even put a coherent sentence together.
Speaker 1: They see that the most powerful military in the history
Speaker 1: of the world couldn't even defeat some guys in pickup
Speaker 1: trucks with machine guns. They couldn't even get their people
Speaker 1: out of the country. And so what happens when that
Speaker 1: happens right there? Um, if you're if you're following the
Speaker 1: law of the jungle, if you show a sign of weakness,
Speaker 1: guess what's gonna happen? Right, Someone's gonna come and eat
Speaker 1: your lunch. And so when that happens, and then, uh,
Speaker 1: you know, Russia says, well, shoot, maybe we should just
Speaker 1: go take Ukraine back. And we know the United States
Speaker 1: is gonna do anything about it. The United States is
Speaker 1: gonna threaten something, some sanctions whatever, um, but probably not.
Speaker 1: Then you know they're not afraid to do that. So that.
Speaker 1: That's how I was able to predict that, and I
Speaker 1: predicted that they would and then I predicted that the
Speaker 1: US would, you know, slap some sanctions on them, and um,
Speaker 1: you know that way they feel like they saved a
Speaker 1: little bit of face, but like nothing was meaningful. And
Speaker 1: sure enough, you know, we saw Russia just march right in.
Speaker 1: What they did is actually a full scale attack. As
Speaker 1: a matter of fact, they bombed the entire country. And
Speaker 1: I think it was kind of the shock and awe.
Speaker 1: I think it was probably a couple of things. Was
Speaker 1: like a shock and awe where they showed their power.
Speaker 1: So they, like I said, they bombed the entire country
Speaker 1: at one time. I don't know, I didn't count them up,
Speaker 1: twenty thirty locations at once, and it was it was devastating, right,
Speaker 1: it was a devastating shock and awe, and it was demoralizing.
Speaker 1: They demoralized the people of Ukraine and on top of it, NATO,
Speaker 1: which is you know, the pack of countries in Europe.
Speaker 1: They didn't do anything. The US didn't do anything, and
Speaker 1: it was almost like Putin just walked right in and
Speaker 1: just ate their lunch, which is what happens in the jungle.
Speaker 1: When you show weakness. UM. So we saw that. Now,
Speaker 1: the reason why I'm talking about that is because as
Speaker 1: that happened over the last twenty four hours, we saw
Speaker 1: the markets crashing, tanking UM. Not just bitcoin and cryptocurrencies,
Speaker 1: but most of the assets, the stock markets, UM, et cetera. Now,
Speaker 1: what's important to understand about this is it's not always
Speaker 1: what happens in the market is what it's what comes next.
Speaker 1: So what happens is as wars breaking out, that leads
Speaker 1: to a lot of uncertainty. What's gonna happen. We don't know, right,
Speaker 1: it's uncertainty. I don't know what's gonna happen. And so
Speaker 1: what happens is UM people start trying to make moves
Speaker 1: based off of that. But the markets, the markets are
Speaker 1: called discounting mechanisms, so that means at UM people are
Speaker 1: discounting the future. So I'm making a move based off
Speaker 1: of what I think in the future. So I'm buying
Speaker 1: this stock or this cryptocurrency because i think it's worth
Speaker 1: more in the future. I'm gonna short because I think
Speaker 1: it's worth less in the future, or something like that. UM.
Speaker 1: And so what happens is when you see things happening
Speaker 1: in the market. That means they're pricing things in. Um,
Speaker 1: So when the market started crashing, the markets were already
Speaker 1: pricing that in. By the time it happens, it's kind
Speaker 1: of too late. But um what a lot of people
Speaker 1: aren't really grasping is that typically, what we've seen throughout
Speaker 1: history is that markets actually tend to bottom when the
Speaker 1: invasion begins, and then it punishes the consensus view on
Speaker 1: the market, so it bottoms when the invasion begins. So
Speaker 1: the invasion started and bitcoin and cryptocurrencies and all the
Speaker 1: markets started crashing. Now we can look back and we
Speaker 1: can see a chart of this happening in the Vietnam War.
Speaker 1: We can see it happening in the Goal for we
Speaker 1: can see it happened in the Aghanistan War. We can
Speaker 1: see it in the Iraq War. We can see it
Speaker 1: in the Crimean War, which was the time when last
Speaker 1: time when Russia invaded Ukraine. And we can see that
Speaker 1: there's this bottoming moment every time the invasion happens, and
Speaker 1: then the markets rally. And so what's been happening is
Speaker 1: the last couple of weeks people have been rotating out
Speaker 1: of risk and they're moving in to more safe havens
Speaker 1: and value, which is why gold has been pumping and
Speaker 1: bit woin has been going down things like that. However,
Speaker 1: it's kind of like this, uh you might have heard
Speaker 1: and investing it's uh, by the news right by the
Speaker 1: news sell the event, so um in advance of that,
Speaker 1: they're starting to position, but once the news happens, once
Speaker 1: the invasion happens, then the markets start pumping again. That's
Speaker 1: what history shows us through those wars, as I mentioned,
Speaker 1: and of course today exactly shows that as well. So,
Speaker 1: like I said, we boughtomed as low as thirty four
Speaker 1: thousand and then pumped almost a back up to forty
Speaker 1: um by the news, right by the by the by
Speaker 1: the rumors, sell the news. I'm sorry, that's how that's
Speaker 1: how it goes. Now. Bitcoin was is low down is
Speaker 1: thirty two thousand all the way back about thirty days ago.
Speaker 1: So you know, thirty two thirty days ago was up
Speaker 1: to about thirty eight thousands time at the time of this,
Speaker 1: and so it's you know, it's moving pretty good. But
Speaker 1: that's that's my opinion on that. I think that's why
Speaker 1: it happened. People were just kind of trying to position
Speaker 1: in advance. Now there's a lot of positive catalysts of
Speaker 1: what's going on. Obviously, Canada's front and center really bringing
Speaker 1: bitcoin to the world stage, showing the West, showing When
Speaker 1: I talk about the West, I'm talking about the United
Speaker 1: States and in Western Europe, showing the West why something
Speaker 1: like bitcoin is needed. So typically, um in in in
Speaker 1: parts of Africa or Central America, Venezuela, they know why
Speaker 1: they need bitcoin. Nobody has to explain to them why
Speaker 1: they need it. But in the United States and Western Europe,
Speaker 1: people wonder why they need it. And of course, uh,
Speaker 1: Canada is doing their best to do the marketing and
Speaker 1: bringing it to the world stage. So there's a lot
Speaker 1: of catalyste to why I should go up in value.
Speaker 1: I think this weakness has really been around this uncertainty,
Speaker 1: around the war. You listen to the Markma Show. I
Speaker 1: got a lot more coming up. Do not go away,
Speaker 1: I'll be right back. All right, welcome back. You are
Speaker 1: listening to the Markma Show. We're talking about bitcoin. We're
Speaker 1: talking about this decentralized revolution. We are talking about what
Speaker 1: is going on in the world today. It is extreme
Speaker 1: madness out there. If you have been paying attention at all,
Speaker 1: um and if you haven't, well you are. I know
Speaker 1: you are because you're listening to me right now. You're
Speaker 1: hearing my voice. I like to say a quote from
Speaker 1: Iron Rand, she's one of my favorite authors. She wrote
Speaker 1: the book at Las Shrugged, The fountain Head and others.
Speaker 1: Um She said that you can choose to ignore reality,
Speaker 1: but you can't ignore the consequences of reality. That's what
Speaker 1: that means is that an ostrich can bury its head
Speaker 1: in the sand, but it won't keep it from being eaten.
Speaker 1: And so you can choose to not pay attention to
Speaker 1: what's going on right now in the world, but it's
Speaker 1: not going to protect you from what's going on. And
Speaker 1: so you might as well be paying attention. And like
Speaker 1: I said, I know you are because you are listening
Speaker 1: to this right now. It's something that I spend all
Speaker 1: my time focusing on studying the news, talking about it
Speaker 1: on my YouTube channel, talking about it here with you
Speaker 1: guys on the radio each and every week to keep
Speaker 1: you up to date, because it can be disastrous if
Speaker 1: you're not paying attention. However, it could be the biggest
Speaker 1: opportunity of your life if you play it the right way.
Speaker 1: It's something I spend so much time on One of
Speaker 1: the things I love about having this platform with the
Speaker 1: radio show is that I get to talk to lots
Speaker 1: of other people, very high level people, and I can
Speaker 1: really sharpen up my own game. I even hold my
Speaker 1: own live event where I bring all these people together. Uh.
Speaker 1: You can find that at Market Disruptors Live dot com
Speaker 1: and UH we're having one coming up in a couple
Speaker 1: of months, and you can hear from them and try
Speaker 1: to make these own plans, because, like I said, you
Speaker 1: can ignore this, but it's not going to work out
Speaker 1: too well for you. You You need to understand what's going
Speaker 1: on with the rush of Ukraine. You need to understand
Speaker 1: what's going on in Canada. Uh, you need to understand
Speaker 1: what's going on with the Federal Reserve, and UH you
Speaker 1: have to have understands in context of what's going on today. Now.
Speaker 1: UM some other headlines that we see, UM, I thought
Speaker 1: it was interesting as Canada is going after self custody
Speaker 1: um and they're even saying that some of these cryptocurrency
Speaker 1: exchange ceo s like coin Base and cracking CEOs are
Speaker 1: helping people evade sanctions by telling people they should custody
Speaker 1: their own coins. We also saw the U S. Secret
Speaker 1: Service come out and make an announcement regarding bitcoin and cryptocurrencies,
Speaker 1: which I thought was pretty interesting because they came out
Speaker 1: and uh, you know Secret Service they regulate currencies and
Speaker 1: so cryptocurrencies as well, and uh. An announcement released last Friday,
Speaker 1: the US Secret Service said that the new initiative seeks
Speaker 1: to quote provide public awareness information on digital assets, security
Speaker 1: and quote. Um. But what I liked about this is
Speaker 1: that at a time when we see um this villainizing
Speaker 1: or demonizing a bitcoin and cryptocurrencies, Like, how dare you
Speaker 1: think you have the right to hold your money, your assets,
Speaker 1: your property in a way that we can't seize. Um,
Speaker 1: That's that's what we're seeing for the most part. Right,
Speaker 1: you don't have the right to choose these things. Um.
Speaker 1: We saw a different message come from the Secret Service.
Speaker 1: They said, Uh, the agency stress that quote, investments and
Speaker 1: transactions using cryptocurrencies and digital assets are not inherently criminal
Speaker 1: end quote. Imagine that investments, interns actions using cryptocurrencies are
Speaker 1: not inherently criminal. Duh Uh. While it seems so obvious,
Speaker 1: I like to at least see them saying that. It said,
Speaker 1: while noting that they provide quote new opportunities for those
Speaker 1: seeking to commit fraud or otherwise conceal further legal activities.
Speaker 1: So it does create new opportunities for those seeking to
Speaker 1: commit fraud. Sure, there's fraud all kinds of ways. Every
Speaker 1: everything is a new opportunity to commit fraud. Um. I
Speaker 1: was talking to someone recently about trying to find a
Speaker 1: room for rent here in the local area, and they said, oh,
Speaker 1: I was talking about, like, oh, go on like Craigslist
Speaker 1: and look for rooms to rent, and they said, oh,
Speaker 1: you gotta be careful. There's so many scams, there's all
Speaker 1: kinds of fraud going on there. So rooms for rent
Speaker 1: on Craigslist opportunity creates a new opportunity for those seeking
Speaker 1: to commit fraud. Um. So, Sure, digital assets also, I guess,
Speaker 1: could be a way to commit fraud. But guess what.
Speaker 1: Committing fraud is illegal. There's a crime. There's already laws
Speaker 1: for that. But per what they said is that I'm
Speaker 1: transacting in cryptocurrencies is not inherent legal illegal. They went
Speaker 1: on to say that the U. S. Secret Service also
Speaker 1: noted that quote, cryptocurrencies continue to become more popular forms
Speaker 1: of payment and quote and for that reason, the agency
Speaker 1: must quote must also remain at the forefront of both
Speaker 1: educating the public and combatting financial fraud and quote so sure, UM,
Speaker 1: I don't know if it's their goal to educate the public. UM,
Speaker 1: it's probably your responsibility to get your education. Wich of course,
Speaker 1: is why you're listening to me, and I'm I'm doing
Speaker 1: my best to bring that to you. UM. But UM,
Speaker 1: I guess it's not a bad idea to, you know,
Speaker 1: let people know about the fraud. UM. By the way, UM,
Speaker 1: if you follow me on social media, UM, if you don't,
Speaker 1: you should. You can find me on Twitter or Instagram.
Speaker 1: UM at one Mark Moss. That's the number one Mark Moss.
Speaker 1: But the problem is is the fraud is so bad
Speaker 1: on there. So if you are following me, just be aware. UM,
Speaker 1: I have dozens of impersonators popping up on a daily basis.
Speaker 1: And if you follow me on Instagram and Twitter, which
Speaker 1: you should, one Mark Moss about, just be aware that
Speaker 1: you'll probably be messaged by impersonator accounts, and those impersonator
Speaker 1: accounts will probably ask you something like, UM, how's your
Speaker 1: trade going, how's your trading going? Something like that, And now, UM,
Speaker 1: I'm not a trader and I don't think you should
Speaker 1: be a trader either. UM, certainly not going to send
Speaker 1: you a d M from another account asking you how
Speaker 1: your trading is going. So I'll educate you to be
Speaker 1: aware for fraud, be as those people are trying to
Speaker 1: scam you. And unfortunately, I know a lot of people
Speaker 1: who have have fell fallen for that, even people I know.
Speaker 1: It's just insane and it's a as a creator as
Speaker 1: somebody who's putting out content on YouTube and Twitter and Instagram,
Speaker 1: et cetera. It's a shame because those platforms have become
Speaker 1: almost unusable for me. I get spammed so hard. My
Speaker 1: d M s get full of spam, all my comments
Speaker 1: get full of spam, and it's all people searching for
Speaker 1: fraud ways to defraud you. Um, they're gonna tell you
Speaker 1: they're gonna make you a bunch of money on your trading,
Speaker 1: and you should send them money and then they're gonna
Speaker 1: steal it from you. So to what this what this
Speaker 1: article saying about the Secret Service, Um, yes, it does
Speaker 1: represent a new opportunity to commit fraud, just like a
Speaker 1: room for rent apparently is a new opportunity for committing fraud.
Speaker 1: So I think that's important to understanding and that's my
Speaker 1: public service announcement for you again. Follow me on Twitter
Speaker 1: and Instagram at one Mark Moss, but be aware of
Speaker 1: impersonator accounts asking you how your trading is going. That's
Speaker 1: not me. But they went on to say this service article.
Speaker 1: UM this in July, so about two years ago, the
Speaker 1: agency created cyber Fraud Task Force, and the U. S.
Speaker 1: Secret Service Cyber Policy Advisor Jonah Force hill opine that
Speaker 1: the growing trend of cyber crimes is quote, is not
Speaker 1: a specific cryptocurrency issue. That's what he's saying is that
Speaker 1: cyber crimes are just crimes and it's just another opportunity
Speaker 1: they have. But he's saying, quote, it's not a specific
Speaker 1: cryptocurrency issue. So it's not a cryptocurrency specific It's not
Speaker 1: cryptocurrency's fault. Cryptocurrency isn't responsible for this. People are going
Speaker 1: to do fraud with whatever they can do fraud with,
Speaker 1: right since the beegend of time they're trying to sell
Speaker 1: you gold. But it was really lead right there. There's
Speaker 1: all types of fraud. Um, it's not a specific cryptocurrency thing.
Speaker 1: People committing fraud also, like on Craigslist, also use craigslist.
Speaker 1: They also use computers. They also use the Internet, they
Speaker 1: also use real estate. You see, they use all types
Speaker 1: of things for fraud. So it's not a cryptocurrency thing.
Speaker 1: And it says here this is an important piece. It
Speaker 1: says that last month blockchain analytics firm Chain Analysis said,
Speaker 1: so ch Analysis looks at all this data and they
Speaker 1: said that while crime involving cryptocurrencies did surge to a
Speaker 1: new high of fourteen billion, this activity represents just zero
Speaker 1: point one of the total. So of all the transactions
Speaker 1: happening in cryptocurrencies, zero percent, zero point one might be
Speaker 1: some sort of illegal activity. Um. By the way, you're
Speaker 1: listening to the Markmas Show, we're talking about bit when
Speaker 1: we're talking about cryptocurrencies, we are talking about the decentralized revolution.
Speaker 1: We're talking about how to make sense of this craziness
Speaker 1: in the world today. Politics, finance, technology, it's all happening
Speaker 1: right now. It's all converging right now, which is why
Speaker 1: the world is seeming to go crazy. But if you
Speaker 1: understand it from this long lens that I'm trying to
Speaker 1: help you with, it all makes sense. I have a
Speaker 1: lot more coming up. Do not go away, it's super important.
Speaker 1: I'll be right back with more. All right, welcome back.
Speaker 1: You are listening to the Mark Comma Show, and we
Speaker 1: are talking about we're talking about the craziness going on
Speaker 1: in the world today. It's pretty crazy, isn't it. We're
Speaker 1: talking about bitcoin, We're talking about this decentralized revolution, We're
Speaker 1: talking about the the clash, We're talking about the the
Speaker 1: convergence of three technological revolutions, which are politics, technology, and finance.
Speaker 1: All three revolutions happening on a different scale, and they're
Speaker 1: all converging right now, which is why we have this
Speaker 1: craziness going on. And I'm trying to put it all
Speaker 1: together for you to help you make sense, because the
Speaker 1: world is it's crazy right now, right, it's crazy now. Um,
Speaker 1: all of these things converging together is what's causing this
Speaker 1: craziness to happen. The world is going through this transition
Speaker 1: period and transition is not smooth. It's volatile. It goes
Speaker 1: up and down, up and down. And we're seeing this
Speaker 1: kind of battle, if you will. Right, So, we're seeing
Speaker 1: over the last couple weeks in Canada, they're starting to
Speaker 1: try to crack down on your freedom, frees your bank account,
Speaker 1: seize your money, things like that. But the other parts
Speaker 1: of the world. Um, like in the United States. Um,
Speaker 1: they're passing laws to actually protect that. Pretty interesting we saw,
Speaker 1: um last year China got rid of all the bitcoin
Speaker 1: miners in the country and then the United States became
Speaker 1: the largest bitcoin mining hub at the same time. Now,
Speaker 1: what we talked about with bitcoin is we talked about
Speaker 1: this game theory where you know, whoever moves first kind
Speaker 1: of wins kind of a thing. And that's kind of
Speaker 1: what we're seeing play out in real time. And what's
Speaker 1: interesting is while the US has become the biggest beneficiary, um,
Speaker 1: we're starting to see now Europe, the EU trying to
Speaker 1: follow in China's footsteps. What does that mean? Well, remember
Speaker 1: I said China, band this brand new technology. Now where
Speaker 1: do I even start with this talking about band technology? Now?
Speaker 1: What technology? There's something known as creative destruction. So what
Speaker 1: that means is that when something new is created, there's
Speaker 1: a new innovation, it destroys the old way. This is
Speaker 1: not about politics, This is about progress. This is just
Speaker 1: how it works. Okay, Like in a forest, you would
Speaker 1: have to have the old trees or the underbrush would
Speaker 1: have to die so you can have new growth come.
Speaker 1: It's just progress. You had a hundred year old company
Speaker 1: like Kodak making film and then we got digital cameras.
Speaker 1: It was really you know, Instagram helped kill a Kodak,
Speaker 1: but really it was no keya phones taking photos that
Speaker 1: killed Kodak. And it's not against Kodak. No one was
Speaker 1: mad at Kodak. Film worked great for a hundred years,
Speaker 1: but then we just had digital cameras. You know. Um,
Speaker 1: I'm kind of old. I got a couple of kids,
Speaker 1: and uh, you know, when my first daughter was born,
Speaker 1: we didn't really have phones that took all those pick cheers.
Speaker 1: When my other daughter was born, we did. And so
Speaker 1: there's like this big difference of like where our photos
Speaker 1: are and how many photos we have of each kid. Uh,
Speaker 1: it's kind of interesting. And so it's it's not it's
Speaker 1: not it's not political. Um, a hundred years ago, if
Speaker 1: I wanted to listen to Beethoven, I'd have to assemble
Speaker 1: like a hundred person orchestra to play for me. And
Speaker 1: then we had Beethoven on us on a on a
Speaker 1: vinyl record, and then we had Beethoven on a CD.
Speaker 1: And now I just streamed the music. It's not about Hey,
Speaker 1: it's not it's not it's not political. It's not about
Speaker 1: about the about the the instrument or that orchestra. It
Speaker 1: wasn't against vinyl records. It's just progress. That's just what happens.
Speaker 1: We digitized music, we digitized books, we digitized magazines, and
Speaker 1: now money is just being digitized. It's just the way
Speaker 1: it is. It's not about politics, but they want to
Speaker 1: make it political because they want to grab onto it.
Speaker 1: Now we've seen UM leaders from the ECB like Christine Leguarde.
Speaker 1: He said innovation is a threat to our financial stability.
Speaker 1: That's her quote, innovation. That's what you said, Innovation is
Speaker 1: a threat to our financial stability. No, no, no, no no,
Speaker 1: it's a threat to your financial monopoly. It's not political, Christine.
Speaker 1: It's just progress, just what happens. Of course, they don't
Speaker 1: like that. They don't want to lose that, just like
Speaker 1: Code didn't. So what you see is UM. When Uber
Speaker 1: started disrupting the taxi industry, the taxi industry went to
Speaker 1: the government and they started to try to pass laws
Speaker 1: to prohibit Uber from taking out their business right try
Speaker 1: to protect themselves, and the government's doing the same thing.
Speaker 1: They want to protect theirselves, and so they're also trying
Speaker 1: to pass the same thing we saw this week. We
Speaker 1: saw EU parliamentarians push limit, push to limit bitcoin use
Speaker 1: over energy concerns. A provision added to a draft regulatory
Speaker 1: package calls for the restriction of cryptocurrencies that use proof
Speaker 1: of work consensus mechanisms. So bitcoin uses proof of work,
Speaker 1: cryptocurrency uses proof of steak. I'm not gonna dig prett
Speaker 1: deep into this. I have before the difference of proof
Speaker 1: of work versus proof of stake. Those are the two
Speaker 1: different consensus mechanisms. What does it? What does a consensus
Speaker 1: mechanism even mean? Well, Um, typically we've had centralized databases,
Speaker 1: so Facebook, Google, those are centralized databases. Experience the credit
Speaker 1: Agency is a centralized database. Those centralized databases get hacked
Speaker 1: and then your credit data goes all over the internet.
Speaker 1: The revolution that bitcoin brought us is a decentralized database.
Speaker 1: Instead of having one, now we have a million full
Speaker 1: copies of the database. And so instead of the hacker
Speaker 1: hacking into one database and get everything, now they'd have
Speaker 1: to hack um all the databases or or they'd have
Speaker 1: to achieve consensus. So consensus means if there's a million databases,
Speaker 1: more than fifty one percent would have to achieve consensus.
Speaker 1: They would all have to agree on the same thing.
Speaker 1: And so now as a hacker, I'd have to hack
Speaker 1: into over half so UM in that example of a
Speaker 1: million databases, that have to hack into five hundred thousand
Speaker 1: and one so I could achieve consensus. So there's two
Speaker 1: ways to do that. There's proof of work, which is
Speaker 1: the miners are plugged in and they're processing transaction using power.
Speaker 1: Proof of work, and then there's proof of steak. Now,
Speaker 1: why do they want to go after proof of work
Speaker 1: and not proof of steak. It's the energy, right, No,
Speaker 1: it's not the energy. They say, it's the energy. That's
Speaker 1: not really what it is. And I'll explain it a second.
Speaker 1: They say it's the energy. But they really want to
Speaker 1: go after proof of work because they can't control it.
Speaker 1: They can't control it. Proof of steak they can control.
Speaker 1: Proof of steak is like a more of a centralized
Speaker 1: database that has a centralized leadership and has the nodes.
Speaker 1: The database is being run on centralized co location facilities
Speaker 1: like Amazon Web Services. They can control that. They can't
Speaker 1: control proof of work. That's why they're coming after it.
Speaker 1: So it says here UM the markets and Crypto Association
Speaker 1: Regulatory Package for discussion includ is a provision that would
Speaker 1: limit use limit the use of consensus mechanism known as
Speaker 1: proof of work across the union's twenty seven member states.
Speaker 1: One proposed provision seeks to prohibit crypto services that rely
Speaker 1: on environmentally unsustainable consensus mechanisms starting January. I'm sorry January.
Speaker 1: Proof of work cryptocurrency mining is under the microscope of
Speaker 1: regulators worldwide over energy concerns. Um. Yeah, the here is
Speaker 1: the quote. The Greens, the Greens and socialists, as you
Speaker 1: can imagine, are criticizing the proof of work concept and
Speaker 1: criticizing the energy use, saying that bitcoin needs more energy
Speaker 1: than the Netherlands. End quote. You know what else uses
Speaker 1: more energy than the Netherlands? YouTube does? Oh? You know
Speaker 1: what else does? Um? Clothes, dryers, dishwashers, Netflix, They also
Speaker 1: use more energy than the Netherlands. They also use more
Speaker 1: energy than the bitcoin network. So you want to say
Speaker 1: the bitcoin network is waste energy? Well, why do you
Speaker 1: to close dryer? Can't you just hope? Can't you just
Speaker 1: hang your clothes on a on a rack in the backyard.
Speaker 1: They do that all over the world, Right, it's not
Speaker 1: about the energy. I've broken this down pretty deep before,
Speaker 1: but bitcoin goes to where energy isn't being used. It
Speaker 1: can only be profitable to mine bitcoin when you're using
Speaker 1: energy that's already being wasted. So in California it's forty
Speaker 1: cents a kilo one hour in the summer at the
Speaker 1: top tier. Why because there's massive demand for that energy,
Speaker 1: so it's expensive. Bitcoin can't survive on forty cents what
Speaker 1: it needs three cents. Well, if it's forty cents of California,
Speaker 1: how the heck can you get it for three cents? Oh,
Speaker 1: because in some parts of the world there's more energy
Speaker 1: than there are people using it, so it's actually being
Speaker 1: made and then not even being used. When you build
Speaker 1: out a power plant, it's going to produce a certain
Speaker 1: amount of energy, and you can't just turn it up
Speaker 1: and down like a knob. If I create this much,
Speaker 1: then that's how much gets created, and whether it's being
Speaker 1: used or not. So they're willing to sell that excess
Speaker 1: for so cheap, like three cents a What So bitcoin
Speaker 1: only uses energy that would otherwise go unused. It's not,
Speaker 1: it's not it's not taking energy from anybody. So this
Speaker 1: is completely false. Of course it is. It's just they
Speaker 1: want to control it. You're listening to the Mark mos Show.
Speaker 1: We're talking about Bitcoin of the Decentralized Revolution. I'll be
Speaker 1: back with more. All right, welcome back. You are listening
Speaker 1: to the Mark Moa Show. We're talking about this crazy
Speaker 1: world that seems to have gone mad, but actually it's not.
Speaker 1: It's actually not if you understand what's going on. UM,
Speaker 1: you know, there's a there's a lot of crazy things
Speaker 1: going on. A lot of it is is self inflicted,
Speaker 1: and there's also this big agenda that's happening. And I
Speaker 1: think if you step back, UM, it just kind of
Speaker 1: puts it into some clarity. I was talking about before
Speaker 1: the break, I was talking about how the you know,
Speaker 1: there's this tug of war, UM, this game theory playing
Speaker 1: out where we have nation states like El salvad are
Speaker 1: making bitcoin legal tender. We have China kicking out bitcoin miners,
Speaker 1: US as being the big beneficiary of taking on the
Speaker 1: bitcoin miners. Now we have the EU to ban it. Now.
Speaker 1: The thing with bitcoin, um that China found out is
Speaker 1: that you can't stop bitcoin. Um. All you can do
Speaker 1: is stop your people from using bitcoin. So UM, you
Speaker 1: don't hurt the Bitcoin network. All you do is hurt yourself.
Speaker 1: All you do is hurt your people. All you do
Speaker 1: is hurt your country. And that's exactly what will happen
Speaker 1: to Europe if something like this work to go through.
Speaker 1: It would affect all the EU countries, which isn't good.
Speaker 1: But of course, um, while it may seem like why
Speaker 1: would they do that if it's not good for them?
Speaker 1: If you're asking that question, you don't really understand how
Speaker 1: the world works, do you. Apparently not so if you're
Speaker 1: paying attention to how the world is working right now
Speaker 1: at this moment, of course, Uh, unless you've been asleep
Speaker 1: before or in a coma. You know that Russia has
Speaker 1: taken over Ukraine and it's an interesting thing to watch
Speaker 1: because it seems like it's been brought on intentionally. I
Speaker 1: don't want to say intentionally, I would say unintentionally, but
Speaker 1: anybody seems to maybe could have seen this coming. A
Speaker 1: couple of things happened here, so let's see. Let's see, Um,
Speaker 1: the United States was in two thousand and eight, there
Speaker 1: was a new technology that was invented. Remember creative destruction,
Speaker 1: new technology progress. A new technology was invented by the
Speaker 1: free markets, of course, not the government. And it was
Speaker 1: called fracking, and it allowed the United States that allowed
Speaker 1: the world to get energy out of places that didn't
Speaker 1: typically didn't already have enough energy, so that the whole
Speaker 1: world that operated on the theory called peak energy up
Speaker 1: till about two thou eight, and then we found out
Speaker 1: that we have more energy than we know what to
Speaker 1: do with. And because of that, it allowed the United
Speaker 1: States to lower its carbon output by thirty percent, while
Speaker 1: the rest of the world was increasing their carbon output,
Speaker 1: especially Indian and China, the US reduced it's carbon emission
Speaker 1: by over Why well, because each type of fuel is
Speaker 1: more clean than next, so um burning very poor people
Speaker 1: and around the world will chop down trees and burn
Speaker 1: that wood. That's very bad for two reasons. One, the
Speaker 1: trees aren't helping the environment by recycling the carbon. And
Speaker 1: to burning wood is the most polluting type of fuel. Now,
Speaker 1: once people move out of that, they start using oil,
Speaker 1: or I'm sorry, they would move up to coal. Now,
Speaker 1: coal is still dirty, but it's much much cleaner than
Speaker 1: burning wood, and it doesn't require cutting down the trees,
Speaker 1: so coal is much better. So if we can move
Speaker 1: people into a little bit more prosperity. Like coal, we
Speaker 1: can make a massive impact on the climate, a massive
Speaker 1: positive impact on the climate. The next level up is oil.
Speaker 1: So then we can just drill a little tiny hole
Speaker 1: in the ground and we can get oil out. And
Speaker 1: now people don't have to mine and burn coal. So
Speaker 1: by moving people up the ladder into oil, we get
Speaker 1: even better climate control, we get less pollutants, and we
Speaker 1: still keep the trees that help recycle the carbon. The
Speaker 1: next level up from there is natural gas. The key
Speaker 1: word being natural. I mean it's in the ground and
Speaker 1: it just comes out, and we can take that and
Speaker 1: we can convert that into very clean energy. It's the
Speaker 1: cleanest form, much cleaner than burning wood, much better than
Speaker 1: cleaning burning coal, better than oil. We have natural gas,
Speaker 1: and that's what's allowed the United States to reduce this
Speaker 1: carbon output um. In Europe though, because uh and the
Speaker 1: article I read earlier, the greenies, the socialists, they want
Speaker 1: to tell you that you can't even use natural gas,
Speaker 1: and so we've had an energy crisis happening all throughout Europe,
Speaker 1: where in the Netherlands they sit on massive amounts of
Speaker 1: natural gas, but you know, because of the environment, they
Speaker 1: don't want to get out of the ground anymore. In
Speaker 1: the UK, they have massive amounts of natural gas and
Speaker 1: they don't want to get out of the ground anymore either,
Speaker 1: because you know the environment. Um, The problem is that
Speaker 1: while you may not want to get that clean natural
Speaker 1: gas out of the ground, people still need energy. People
Speaker 1: don't need to heat their homes. We also need that
Speaker 1: natural gas to make c O two and fertilizer. Well
Speaker 1: what do we need to go to and fertilizer for? Oh?
Speaker 1: For food? What do we need food for? Well, you
Speaker 1: already know the answer to that. And so they've literally
Speaker 1: purposely decided to shut down their natural gas in the
Speaker 1: Netherlands in the UK and instead we don't want to
Speaker 1: get it because the environment, but we'll gladly just buy
Speaker 1: it from somebody else who's getting it and ruining the environment.
Speaker 1: It doesn't make any sense that that's like, that's like
Speaker 1: I can't commit murders, but I'll hire someone to commit
Speaker 1: murder for me. Like what's the difference, right, So I'm
Speaker 1: not gonna get the energy. Instead, I'm gonna turn my
Speaker 1: own energy off and I'll just buy it all from you.
Speaker 1: And so the the EU has made themselves dependent on Russia.
Speaker 1: So when Russia said, you know, when the U S
Speaker 1: thinks they're gonna Russia will move into Ukraine and that
Speaker 1: NATO will be strong and the U S will stand
Speaker 1: up to them. No, they won't. How can they. They've
Speaker 1: decided to turn their energy off and become dependent on Russia.
Speaker 1: And we saw this week that Russia just marched right
Speaker 1: in and took out Ukraine. This was caused intentionally. Now
Speaker 1: there's three superpowers in the world. We have Russia, we
Speaker 1: have China, we have the US. And typically what happens
Speaker 1: when there's three, like a three person game of poker.
Speaker 1: In a three person game of poker, if you don't
Speaker 1: know who the fool is, that's you. So what happens
Speaker 1: typically in a three game person game of poker is
Speaker 1: two people would would team up against one. And so
Speaker 1: the United States has done really well with working with
Speaker 1: Russia against China, or working with China against Russia and
Speaker 1: keeping um staying in the middle of that. But what
Speaker 1: happened is we saw through the Trump administration that before
Speaker 1: Trump took office, we had this fake steal dossier that
Speaker 1: was put together that's found through the Durham Reports, and
Speaker 1: they drummed up this fake news about this Russia collusion
Speaker 1: and made Russia the bad guy. And even though this
Speaker 1: was completely fake, drummed up and paid for by the
Speaker 1: Clinton campaign, we saw that because of that, the Trump
Speaker 1: administer station couldn't talk to Russia at all. So because
Speaker 1: they hated this guy so bad, they've paid the creative
Speaker 1: fake dossier and because of that at villainized Russia, which
Speaker 1: then prevented Trump from talking to Russia his whole term,
Speaker 1: or else he would be you know, they would say
Speaker 1: that it was it was legit, and so we basically
Speaker 1: had to put Russia in the cold. And what happened
Speaker 1: is by putting Russia in the cold, Russia and China
Speaker 1: have now teamed up and now the United States finds
Speaker 1: themselves the odd man out. So not only has the
Speaker 1: United States pushed itself out because of that, at the
Speaker 1: same time, then the EU has made itself dependent on
Speaker 1: Russia for the energy self inflicted. You could have seen
Speaker 1: this coming, right, it seems like it. Now, why do
Speaker 1: I bring this up? I mean, this is obviously a
Speaker 1: political situation, but I bring it up because this is
Speaker 1: what the EU is doing right now with bitcoin as well.
Speaker 1: They can't shut it down just like they shut their
Speaker 1: own natural gas down and they're just depending on Russia
Speaker 1: to produce natural gas. They want to shut their own
Speaker 1: bitcoin mining down, Okay, great, but they're just gonna be
Speaker 1: dependent on somebody else doing bitcoin mining for them. You
Speaker 1: see how that plays out. It's like the same thing
Speaker 1: over again. This situation was self inflicted, it's not. They're
Speaker 1: not just a victim that didn't just happen. These are
Speaker 1: because policy decisions that were made brought us down this road,
Speaker 1: and the same policy decisions are being made again today.
Speaker 1: And what is Einstein's definition of insanity is doing the
Speaker 1: same thing expecting different results. If you do the same thing,
Speaker 1: you're probably gonna have the same result. And if you
Speaker 1: continue to make these same policy decisions to ban energy
Speaker 1: like they did, or to now ban proof of work
Speaker 1: mining consensus mechanisms, it doesn't make it go away. Banning
Speaker 1: energy doesn't make the need for energy go away. Banning
Speaker 1: bitcoin mining doesn't make it go away. It just gives
Speaker 1: the power to somebody else. That makes sense. Hopefully, hopefully
Speaker 1: it does. I'd love to hear what you think. You
Speaker 1: can send me a message on Twitter at one Mark Moss.
Speaker 1: That's at one Mark Moss love to hear from you,
Speaker 1: and I'd love to hear what you say. Tell me
Speaker 1: I'm an idiot, but tell me why or tell me
Speaker 1: I'm right. Either way, I'd love to hear what you
Speaker 1: have to say. Um and uh. You listen to the
Speaker 1: Mark bas Show. We're talking about bitcoin, the decentralized revolution,
Speaker 1: and bringing sense to the world today. Thanks so much
Speaker 1: for listening.