1 00:00:00,240 --> 00:00:03,080 Speaker 1: Everyone, you are listening to the Mark Mo Show, We're 2 00:00:03,080 --> 00:00:06,640 Speaker 1: talking about bitcoin and cryptocurrencies. We're talking about the decentralized 3 00:00:06,720 --> 00:00:10,040 Speaker 1: revolution of course, each end every week, and as I 4 00:00:10,080 --> 00:00:12,920 Speaker 1: constantly say all the time that to really get to 5 00:00:13,039 --> 00:00:15,800 Speaker 1: understand what is going on with bitcoin and this decentralized 6 00:00:15,800 --> 00:00:20,279 Speaker 1: revolution that's happening, there's so many different areas to dive into, 7 00:00:20,520 --> 00:00:22,439 Speaker 1: which is why I can sit here and talk for 8 00:00:22,640 --> 00:00:24,279 Speaker 1: hours and hours and hours each and every week to 9 00:00:24,320 --> 00:00:27,240 Speaker 1: here because there's never ending amount of content that we 10 00:00:27,280 --> 00:00:30,040 Speaker 1: can talk about, which keeps it UM fun, it keeps 11 00:00:30,040 --> 00:00:32,960 Speaker 1: it interesting, and it also keeps you on your toes. 12 00:00:33,000 --> 00:00:34,960 Speaker 1: Now we'd like to say that you know, bitcoin leads 13 00:00:34,960 --> 00:00:37,560 Speaker 1: you into this rabbit hole because there's so much information 14 00:00:37,600 --> 00:00:41,360 Speaker 1: that you can UM dig into. Now this week, UM 15 00:00:41,400 --> 00:00:43,120 Speaker 1: I have a special guest to have one of my 16 00:00:43,120 --> 00:00:45,919 Speaker 1: good friends, Alex s Fetzky in the studio with me, 17 00:00:46,240 --> 00:00:49,800 Speaker 1: and we thought we'd talk about um one big area. 18 00:00:49,880 --> 00:00:52,320 Speaker 1: So what There's a lot of different places that you 19 00:00:52,360 --> 00:00:55,360 Speaker 1: can focus on bitcoin and um Some people want to 20 00:00:55,360 --> 00:00:57,480 Speaker 1: talk about the money side, or some people want to 21 00:00:57,480 --> 00:01:01,200 Speaker 1: talk about the technical side. UM I let this focus 22 00:01:01,200 --> 00:01:04,399 Speaker 1: on why why should we even care about bitcoin, and 23 00:01:04,400 --> 00:01:07,039 Speaker 1: of course to understand why, you have to understand some 24 00:01:07,120 --> 00:01:09,200 Speaker 1: of the problems that we're having today. And so I 25 00:01:09,200 --> 00:01:12,520 Speaker 1: thought we'd bring Alex in and we talk about something, um, 26 00:01:12,560 --> 00:01:15,399 Speaker 1: that's really a big problem right now. And it's a 27 00:01:15,440 --> 00:01:18,040 Speaker 1: big problem even specifically, and we're gonna have to dance 28 00:01:18,080 --> 00:01:21,399 Speaker 1: around this topic as we talk about the topic. UM, 29 00:01:21,800 --> 00:01:27,320 Speaker 1: but it's uh, it's it's about uh we'll call it, um, 30 00:01:27,400 --> 00:01:32,160 Speaker 1: we'll call it an attack on our private property, which 31 00:01:32,200 --> 00:01:34,039 Speaker 1: is a big subject. But I want to talk about 32 00:01:34,040 --> 00:01:37,560 Speaker 1: attack on private property, which is probably the most sacred 33 00:01:37,680 --> 00:01:43,240 Speaker 1: private property, which is my own thoughts. And when when 34 00:01:43,280 --> 00:01:47,200 Speaker 1: my speech what I'm able to say get censored and 35 00:01:47,240 --> 00:01:48,760 Speaker 1: I have to watch what I say, then I have 36 00:01:48,800 --> 00:01:51,200 Speaker 1: to start censoring what I think, which is what I'm 37 00:01:51,240 --> 00:01:52,600 Speaker 1: doing right now as I'm trying to think about how 38 00:01:52,640 --> 00:01:56,120 Speaker 1: I can dance around this subject. And so, um, we're 39 00:01:56,160 --> 00:01:57,960 Speaker 1: being attacked by all those things. And I got my 40 00:01:58,000 --> 00:01:59,800 Speaker 1: good for now Alex Fetsky in the in the studio 41 00:01:59,800 --> 00:02:02,840 Speaker 1: with me to talk about this. What's up Alex? Some man? Sorry, 42 00:02:02,920 --> 00:02:07,160 Speaker 1: that was just funny. It was it was funny. Yah 43 00:02:08,880 --> 00:02:12,120 Speaker 1: sad but true. Yes, yes, what a strange world of 44 00:02:12,160 --> 00:02:15,919 Speaker 1: living in Um, so I assume, I assume what you're 45 00:02:16,000 --> 00:02:18,919 Speaker 1: talking about. There is this idea of the freedom to think, 46 00:02:18,919 --> 00:02:20,680 Speaker 1: of the freedom to speak. You know the fact that 47 00:02:20,680 --> 00:02:24,320 Speaker 1: the thought police are out there monitoring what we think 48 00:02:24,440 --> 00:02:28,040 Speaker 1: they can do. Well, they're definitely monitoring what we say. 49 00:02:28,400 --> 00:02:30,600 Speaker 1: And um, but but when I have to monitor what 50 00:02:30,720 --> 00:02:32,520 Speaker 1: I say so I don't get caught by them, then 51 00:02:32,520 --> 00:02:36,079 Speaker 1: I have to monitor what I think, which is which 52 00:02:36,120 --> 00:02:39,079 Speaker 1: is interesting. I was I was out surfing this morning 53 00:02:39,520 --> 00:02:41,520 Speaker 1: and one of my buddies in the water and I said, hey, 54 00:02:41,520 --> 00:02:44,359 Speaker 1: did you catch that latest Joe Rogan episode? Um, where 55 00:02:44,400 --> 00:02:47,240 Speaker 1: he had that Dr mccola on there, and uh, we 56 00:02:47,240 --> 00:02:50,040 Speaker 1: were talking about that episode, which has gone crazy viral 57 00:02:50,080 --> 00:02:51,720 Speaker 1: by the way, which we won't dig into a whole lot, 58 00:02:52,120 --> 00:02:54,840 Speaker 1: but he said, um. He said, you know, they the 59 00:02:54,960 --> 00:02:59,000 Speaker 1: government cannot refute anything he said, so all they can 60 00:02:59,040 --> 00:03:04,360 Speaker 1: do is censor him. And I was like, dang, um, yeah, 61 00:03:04,600 --> 00:03:06,760 Speaker 1: if you can't. There's a quote that I keep saying 62 00:03:06,760 --> 00:03:08,360 Speaker 1: over and over I recently heard and I just love 63 00:03:08,400 --> 00:03:10,639 Speaker 1: it. It It says that ripping a man's tongue out does 64 00:03:10,680 --> 00:03:14,760 Speaker 1: not prove him wrong. It only proves you're only proves 65 00:03:14,760 --> 00:03:17,760 Speaker 1: you you're afraid of what he might say. Um, So anyway, 66 00:03:17,760 --> 00:03:19,280 Speaker 1: I don't know I think about that, But I mean, 67 00:03:19,360 --> 00:03:22,080 Speaker 1: what the heck does that have to do with bitcoin? Well, 68 00:03:22,680 --> 00:03:25,240 Speaker 1: let me let me flip and ask you a question. Um. 69 00:03:25,280 --> 00:03:28,840 Speaker 1: You know, people, particularly in America, you've got encoded in 70 00:03:29,280 --> 00:03:33,120 Speaker 1: the Constitution, the First Amendment, this idea of the freedom 71 00:03:33,120 --> 00:03:34,880 Speaker 1: of speech, and you know, everyone talks about it and 72 00:03:34,960 --> 00:03:38,200 Speaker 1: takes the general idea for granted. I mean, you know, 73 00:03:38,200 --> 00:03:40,360 Speaker 1: there's a lot of stupid people out there who don't 74 00:03:40,360 --> 00:03:42,880 Speaker 1: think it's a good idea. But you know, I think 75 00:03:42,880 --> 00:03:47,640 Speaker 1: by and large, if you're if you're a intellectually competent 76 00:03:47,760 --> 00:03:53,720 Speaker 1: human being, um, you understand at least, um, at the 77 00:03:53,800 --> 00:03:56,000 Speaker 1: very least you agree with the notion that freedom of 78 00:03:56,040 --> 00:03:58,440 Speaker 1: feat is important. But I don't know if many people 79 00:03:58,480 --> 00:04:01,840 Speaker 1: can articulate why it's important. So maybe maybe I'm going 80 00:04:01,880 --> 00:04:03,320 Speaker 1: to throw the question at you and you might have 81 00:04:03,400 --> 00:04:06,120 Speaker 1: heard me mention it a little bit with JP and 82 00:04:06,240 --> 00:04:09,440 Speaker 1: we're doing that spaces. But in your mind, Mark, why 83 00:04:09,440 --> 00:04:12,080 Speaker 1: why do you think freedom of speech is important? Why 84 00:04:12,120 --> 00:04:14,800 Speaker 1: do you think it's a good thing in general? Well, 85 00:04:14,840 --> 00:04:16,840 Speaker 1: I would say that the freedom of speech is important. 86 00:04:16,839 --> 00:04:19,000 Speaker 1: I mean obviously the deep subject, but I think overall 87 00:04:19,040 --> 00:04:21,960 Speaker 1: that it's the way that we learn and so um 88 00:04:22,080 --> 00:04:23,760 Speaker 1: we don't know the right things to say. We learn 89 00:04:23,839 --> 00:04:26,640 Speaker 1: the truth through discussion, and um so I think that's 90 00:04:26,640 --> 00:04:28,760 Speaker 1: the big ones that we can learn through discussion. I 91 00:04:28,760 --> 00:04:32,000 Speaker 1: would say it also encourages learning and also creativity, and 92 00:04:32,040 --> 00:04:35,840 Speaker 1: so all progress in the world comes from creativity. And 93 00:04:36,000 --> 00:04:39,039 Speaker 1: if we limit creativity and limit learning, then we limit 94 00:04:39,080 --> 00:04:42,000 Speaker 1: progress as well. Um So I'd say I'd say those 95 00:04:42,040 --> 00:04:45,880 Speaker 1: are probably two pretty big reasons why it's pretty important. Okay, yep, yep. 96 00:04:45,960 --> 00:04:48,880 Speaker 1: I think that's definitely, you know, in the right direction. 97 00:04:48,920 --> 00:04:51,760 Speaker 1: I think for me, I want to take it up 98 00:04:51,760 --> 00:04:53,760 Speaker 1: a notch. And you know, I'm doing some thinking around 99 00:04:53,760 --> 00:04:56,800 Speaker 1: this and writing a new article called, uh It's it's 100 00:04:56,800 --> 00:05:00,679 Speaker 1: a it's a dive into how since ship has become 101 00:05:01,000 --> 00:05:05,640 Speaker 1: profitable and it's called a new Leviathan um, and it 102 00:05:05,640 --> 00:05:09,320 Speaker 1: looks at how the tech oligoppoli is a kind of 103 00:05:09,320 --> 00:05:16,239 Speaker 1: becoming quasi government operations in a sense um and basically 104 00:05:16,279 --> 00:05:19,479 Speaker 1: at this point, much like um, if you've ever read 105 00:05:20,120 --> 00:05:23,360 Speaker 1: anything of biology, and this idea of the revolutionary phenotype, 106 00:05:23,360 --> 00:05:27,880 Speaker 1: how DNA took over RNA as RNA used it as 107 00:05:27,920 --> 00:05:32,600 Speaker 1: a mechanism to replicate UM, and then you know, RONA 108 00:05:32,720 --> 00:05:34,960 Speaker 1: use DNAs and mechanism to replicate to the point where 109 00:05:35,040 --> 00:05:38,560 Speaker 1: DNA was able to just replicate itself and it subsumed 110 00:05:38,600 --> 00:05:43,480 Speaker 1: Irona into it, and then DNA became the primary species 111 00:05:43,520 --> 00:05:46,240 Speaker 1: and RONA became subservient to it and UM, and it's 112 00:05:46,240 --> 00:05:48,720 Speaker 1: really interesting that there's something similar happening here with UM. 113 00:05:49,200 --> 00:05:54,800 Speaker 1: With governments and and large tech Oligoppoli is where you 114 00:05:54,800 --> 00:05:57,120 Speaker 1: know they are at this point, you know, we're sort 115 00:05:57,120 --> 00:05:59,960 Speaker 1: of in the phase of the inversion. We're in the 116 00:06:00,040 --> 00:06:05,080 Speaker 1: phase of the the government is effectively mandating and using 117 00:06:05,480 --> 00:06:10,600 Speaker 1: these technology companies to basically be a branch or an 118 00:06:10,600 --> 00:06:13,599 Speaker 1: executioner of its mandates. But at some point, you know 119 00:06:13,600 --> 00:06:16,200 Speaker 1: they're gonna and it's we're already seeing it in many ways, 120 00:06:16,200 --> 00:06:18,200 Speaker 1: they're going to become more powerful than the government and 121 00:06:18,200 --> 00:06:19,400 Speaker 1: they can do what the hell they want, and it 122 00:06:19,560 --> 00:06:21,880 Speaker 1: kind of you get this inversion, and that's that's a 123 00:06:21,960 --> 00:06:26,279 Speaker 1: dangerous thing for society because then you know, power continues 124 00:06:26,320 --> 00:06:30,400 Speaker 1: to centralize. You jump from the fry pan into the 125 00:06:30,440 --> 00:06:33,600 Speaker 1: fire and all this sort of stuff. But in each 126 00:06:33,640 --> 00:06:35,440 Speaker 1: of these models, like there's a there's a there's a 127 00:06:35,480 --> 00:06:42,000 Speaker 1: thread within them, which is this idea that censorship becomes 128 00:06:42,040 --> 00:06:47,919 Speaker 1: a profitable mechanism. And for me, um, I wanted to 129 00:06:47,920 --> 00:06:50,280 Speaker 1: take a step back and think about, like what, why 130 00:06:50,279 --> 00:06:52,880 Speaker 1: why is free speech important? And if free speech is 131 00:06:52,880 --> 00:06:55,720 Speaker 1: a good thing and it is important, it actually should 132 00:06:55,720 --> 00:07:03,039 Speaker 1: be the most profitable mechanism and for human beings to 133 00:07:03,240 --> 00:07:07,280 Speaker 1: use to cooperate and to interact, right, And if it's 134 00:07:08,000 --> 00:07:11,000 Speaker 1: not profitable, then you know, it's actually probably not a 135 00:07:11,000 --> 00:07:14,080 Speaker 1: good thing because because profits suggests in some way, shape 136 00:07:14,160 --> 00:07:16,840 Speaker 1: or form that what you're doing is perceived as valuable. 137 00:07:16,880 --> 00:07:24,680 Speaker 1: So I guess I look at society as its complex system, right, 138 00:07:24,800 --> 00:07:29,560 Speaker 1: And we you know, society is made up of diverse 139 00:07:29,720 --> 00:07:34,920 Speaker 1: range of individuals, of human beings, of collectives at every 140 00:07:34,960 --> 00:07:38,840 Speaker 1: single dimension, whether it's the tribe, the community, the corporation, 141 00:07:39,400 --> 00:07:41,840 Speaker 1: you know, whatever, institution, etcetera. So you've got all of 142 00:07:41,880 --> 00:07:48,720 Speaker 1: these entities operating and operating with some sort of intention 143 00:07:49,040 --> 00:07:51,760 Speaker 1: to continue to survive or exist or do the best 144 00:07:51,880 --> 00:07:54,680 Speaker 1: for itself, right um. And doing so, you've got this 145 00:07:54,760 --> 00:07:59,640 Speaker 1: kind of like this almost the functional madness of the crowds. 146 00:08:00,840 --> 00:08:06,240 Speaker 1: And in order for this complex system too to subsist. 147 00:08:07,200 --> 00:08:10,720 Speaker 1: And this is this is found in all complex system, 148 00:08:10,720 --> 00:08:12,800 Speaker 1: whether it's a human body, whether it's society, whether it's 149 00:08:12,800 --> 00:08:19,200 Speaker 1: an economy, whether it's whatever, my cellium, etcetera. The capacity 150 00:08:19,360 --> 00:08:25,760 Speaker 1: for feedback loops to to signal either bad actions or 151 00:08:25,800 --> 00:08:28,440 Speaker 1: good actions so that bad actions can be corrected and 152 00:08:28,480 --> 00:08:33,120 Speaker 1: good actions can be doubled down on depends upon really 153 00:08:33,160 --> 00:08:38,040 Speaker 1: good communication to flow through the system. If you clog 154 00:08:38,160 --> 00:08:44,840 Speaker 1: up the communication, the system can't permeate um information properly, 155 00:08:45,120 --> 00:08:48,120 Speaker 1: and therefore value judgments can't be made, and therefore the 156 00:08:48,120 --> 00:08:50,800 Speaker 1: system begins to break down and decay. You know, that's 157 00:08:50,800 --> 00:08:52,760 Speaker 1: what you have when you have they clogged up human 158 00:08:52,800 --> 00:08:56,040 Speaker 1: body for example of secuman bodies, signals are not flowing 159 00:08:56,080 --> 00:08:59,880 Speaker 1: properly and the body dies and that's the sort of thing. Yeah, 160 00:09:00,240 --> 00:09:03,120 Speaker 1: let's hold right there. Something I was talking about, like 161 00:09:03,160 --> 00:09:04,920 Speaker 1: the supply change breaking down because that price signal is 162 00:09:04,960 --> 00:09:07,439 Speaker 1: getting distorted as well. I want to dig more into that. 163 00:09:07,440 --> 00:09:10,000 Speaker 1: We're talking about free speech, but how this ties back 164 00:09:10,000 --> 00:09:11,720 Speaker 1: into bitcoin. So stay with us. You're listening to the 165 00:09:11,720 --> 00:09:14,839 Speaker 1: Marketmas show. We're talking about bitcoin, talking about cryptocurrency, is 166 00:09:14,840 --> 00:09:17,880 Speaker 1: talking about this decentralized revolution talking about how free speech 167 00:09:18,320 --> 00:09:21,839 Speaker 1: is important and how bitcoin can fix that. Uh, it's 168 00:09:21,880 --> 00:09:23,280 Speaker 1: the long way around, but these are the things that 169 00:09:23,320 --> 00:09:27,040 Speaker 1: you need to know. It's why bitcoin can change the world. Uh, 170 00:09:27,080 --> 00:09:29,280 Speaker 1: you're listening to the Markma Show. We'll be right back. 171 00:09:29,320 --> 00:09:32,120 Speaker 1: Don't go away, everyone, Welcome back. You're listening to the 172 00:09:32,120 --> 00:09:35,280 Speaker 1: Markma Show. We're talking about bitcoin and cryptocurrencies in this 173 00:09:35,440 --> 00:09:40,280 Speaker 1: decentralized revolution that is literally changing the course of humanity. 174 00:09:40,280 --> 00:09:42,439 Speaker 1: It's that big. And I say it's that big because 175 00:09:42,480 --> 00:09:45,600 Speaker 1: it's literally going to change the entire way the world works, 176 00:09:45,640 --> 00:09:47,840 Speaker 1: the way that humanity works, and it's going to change 177 00:09:47,880 --> 00:09:50,480 Speaker 1: every part of life. And so we talk about all 178 00:09:50,520 --> 00:09:54,600 Speaker 1: these different areas, um, all these reasons why bitcoin would 179 00:09:54,600 --> 00:09:57,400 Speaker 1: be important, all these reasons of what are these things 180 00:09:57,400 --> 00:09:59,920 Speaker 1: that what bitcoin can fix? And right now I mean 181 00:10:00,000 --> 00:10:02,720 Speaker 1: the studio with my good friend Alex Spetzky, and we're 182 00:10:02,720 --> 00:10:07,000 Speaker 1: talking about free speech and thought and why that's so 183 00:10:07,040 --> 00:10:10,480 Speaker 1: important and how bitcoin can fix this. Um. It's an 184 00:10:10,480 --> 00:10:12,920 Speaker 1: interesting conversation and it's something bigger than you might have 185 00:10:13,040 --> 00:10:15,800 Speaker 1: thought about. And before the break, Alex, you were um 186 00:10:15,880 --> 00:10:20,559 Speaker 1: kind of explaining how when you how free speech is necessary, 187 00:10:20,600 --> 00:10:23,320 Speaker 1: it's the signal that allows all this information to kind 188 00:10:23,360 --> 00:10:26,680 Speaker 1: of move through society or civilization. And when you free 189 00:10:26,760 --> 00:10:28,920 Speaker 1: when you when you kind of censor free speech, you 190 00:10:28,920 --> 00:10:31,400 Speaker 1: start to jam that up. I think that's kind of 191 00:10:31,440 --> 00:10:35,360 Speaker 1: where you're at pretty much pretty much. So free speech 192 00:10:35,440 --> 00:10:40,360 Speaker 1: has a functional role to play in a functional society. 193 00:10:40,480 --> 00:10:47,000 Speaker 1: It means that communication can flow, and bad decision making 194 00:10:47,000 --> 00:10:50,640 Speaker 1: can be corrected, and good decision making can be doubled down. Now, 195 00:10:51,440 --> 00:10:58,280 Speaker 1: this is only the reality when the world that we 196 00:10:58,400 --> 00:11:05,680 Speaker 1: live in is at actually representative or reminiscent of reality. 197 00:11:05,720 --> 00:11:07,600 Speaker 1: And and and so what I mean by that is, 198 00:11:08,400 --> 00:11:13,080 Speaker 1: currently we have a world in which our economy is 199 00:11:14,440 --> 00:11:17,480 Speaker 1: defined not by what is actually happening out there in 200 00:11:17,520 --> 00:11:20,640 Speaker 1: the world, but are defined by made up models that 201 00:11:21,160 --> 00:11:25,679 Speaker 1: academics and kingsians and central bankers and central planners make 202 00:11:25,800 --> 00:11:30,000 Speaker 1: up that are you know, theoretic, purely theoretic. They do 203 00:11:30,040 --> 00:11:34,679 Speaker 1: not match anything that reality actually you know, represents backwards, 204 00:11:34,679 --> 00:11:36,480 Speaker 1: you know, so sort of sort of like you know, 205 00:11:36,720 --> 00:11:38,960 Speaker 1: they have a model and they say, you know, inflation 206 00:11:39,040 --> 00:11:41,640 Speaker 1: is this, but in their model, they're like, okay, well 207 00:11:41,679 --> 00:11:43,760 Speaker 1: let's just take out energy, let's just take out food, 208 00:11:43,800 --> 00:11:45,280 Speaker 1: Let's just take out all the things that are actually 209 00:11:45,280 --> 00:11:47,280 Speaker 1: going up in price, and let's just keep you know, 210 00:11:47,559 --> 00:11:50,720 Speaker 1: televisions in there, you know things, Let's keep iPhones in there, 211 00:11:50,760 --> 00:11:53,400 Speaker 1: like let's keep Netflix in there. So it's like the 212 00:11:53,480 --> 00:11:59,400 Speaker 1: model has zero representation to the real world. UM, and 213 00:12:00,040 --> 00:12:01,959 Speaker 1: you know that they kind of lie to themselves. And 214 00:12:02,200 --> 00:12:05,839 Speaker 1: this is where UM, free speech is actually not profitable 215 00:12:05,920 --> 00:12:08,319 Speaker 1: if you want to lie to yourself, if you want 216 00:12:08,320 --> 00:12:11,840 Speaker 1: to build a system and a model that can only 217 00:12:11,920 --> 00:12:16,880 Speaker 1: subsist based upon a lie, the only mechanism that you 218 00:12:17,000 --> 00:12:21,880 Speaker 1: have to remain profitable quote unquote is to censor the 219 00:12:21,960 --> 00:12:26,319 Speaker 1: truth and to censor the feedback so that you can subsist. 220 00:12:26,480 --> 00:12:30,760 Speaker 1: And what that does is it creates an incentive for 221 00:12:31,000 --> 00:12:36,520 Speaker 1: the institutional whoever is operating that model, to basically leach 222 00:12:36,840 --> 00:12:42,720 Speaker 1: from somewhere and basically steal rob pillage in whatever method 223 00:12:42,760 --> 00:12:46,840 Speaker 1: it needs. So whether that's taxation and inflation, mindlessly borrowing 224 00:12:46,840 --> 00:12:49,160 Speaker 1: from the future and increasing death ceilings and stuff like that, 225 00:12:50,160 --> 00:12:52,679 Speaker 1: you have to do that so that you can continue 226 00:12:52,760 --> 00:12:55,800 Speaker 1: lying to yourself and tell yourself that the model is real. 227 00:12:56,320 --> 00:12:59,760 Speaker 1: But you can't do that in reality. And this is 228 00:12:59,800 --> 00:13:02,320 Speaker 1: the big diverged for me. This is like the center 229 00:13:02,360 --> 00:13:04,400 Speaker 1: of the divergence of humanity At the moment, it's like 230 00:13:04,800 --> 00:13:08,360 Speaker 1: we are operating on a map that does not represent 231 00:13:08,400 --> 00:13:12,400 Speaker 1: the territory. Like we are literally on an island somewhere 232 00:13:13,040 --> 00:13:16,480 Speaker 1: and we're reading a map and the map tells us 233 00:13:16,760 --> 00:13:20,760 Speaker 1: that there's grass and you know, lakes and everything everywhere, 234 00:13:20,760 --> 00:13:23,400 Speaker 1: and it's all beautiful. But you know, you look aside 235 00:13:23,400 --> 00:13:24,960 Speaker 1: from the map and it's like desert and you're like, 236 00:13:25,440 --> 00:13:27,840 Speaker 1: wait a minute, what's going on here. So you're you're 237 00:13:27,880 --> 00:13:31,280 Speaker 1: you're you're dying, and there's there's other people around you 238 00:13:31,320 --> 00:13:33,000 Speaker 1: all have a little bit of water, and they're like, 239 00:13:33,160 --> 00:13:35,199 Speaker 1: hey man, we're in the desert. We're all going to 240 00:13:35,280 --> 00:13:37,240 Speaker 1: die if we don't find water. And you're like, no, no, no. 241 00:13:37,280 --> 00:13:40,480 Speaker 1: The map says there's water everywhere, and because you're the 242 00:13:40,520 --> 00:13:43,080 Speaker 1: owner of the map, you take everybody else's water and 243 00:13:43,120 --> 00:13:45,559 Speaker 1: you keep drinking it for yourself, and everybody else around 244 00:13:45,559 --> 00:13:48,400 Speaker 1: you is dying um, and you keep deluding yourself that 245 00:13:48,440 --> 00:13:50,480 Speaker 1: the map is the reality when it's not. That's the 246 00:13:50,520 --> 00:13:54,160 Speaker 1: world that we're living in because we've conflated the model 247 00:13:54,520 --> 00:13:58,040 Speaker 1: for reality, and in that sense, the speech that is 248 00:13:58,040 --> 00:14:00,960 Speaker 1: coming from those around you who are basically dying a first. Now, 249 00:14:01,000 --> 00:14:03,400 Speaker 1: because you keep stealing the water, you want to censor 250 00:14:03,440 --> 00:14:07,240 Speaker 1: them and say shut up, the map is real. Yeah, 251 00:14:07,679 --> 00:14:11,240 Speaker 1: and that's what we're suffering from today. So um, in 252 00:14:11,280 --> 00:14:13,679 Speaker 1: a in a way, then by censoring the speech, it 253 00:14:13,840 --> 00:14:17,120 Speaker 1: censors that or distorts that signal. And there's that sort 254 00:14:17,120 --> 00:14:19,680 Speaker 1: of how the price signals also getting distorted. I mean 255 00:14:19,720 --> 00:14:23,040 Speaker 1: it's still is distorting communication that controls the economy is 256 00:14:23,080 --> 00:14:27,040 Speaker 1: in the supply chains that way, correct, So think about 257 00:14:27,040 --> 00:14:30,680 Speaker 1: this every everything that we do as an economic function. Right, 258 00:14:30,720 --> 00:14:33,520 Speaker 1: So when we perform any form of action, it is 259 00:14:33,560 --> 00:14:37,280 Speaker 1: a decision. So we're making a value judgment in order 260 00:14:37,320 --> 00:14:39,520 Speaker 1: to make a decision in order to know where to 261 00:14:39,600 --> 00:14:43,200 Speaker 1: allocate our precious time and energy. Right. So so in 262 00:14:43,240 --> 00:14:45,760 Speaker 1: that sense, free speech is actually an economic function. It 263 00:14:45,800 --> 00:14:49,360 Speaker 1: helps us make that value judgment. So when we distort 264 00:14:49,800 --> 00:14:53,520 Speaker 1: that economic function, we then start to distort all the 265 00:14:53,560 --> 00:14:57,360 Speaker 1: subsequent signals that come after that, and we can then 266 00:14:57,520 --> 00:15:02,120 Speaker 1: not make accurate value judgments. We start creating and doing 267 00:15:02,320 --> 00:15:05,160 Speaker 1: stupid things that don't make sense. And then we also 268 00:15:05,240 --> 00:15:07,120 Speaker 1: don't know that we're doing stupid things that don't make 269 00:15:07,160 --> 00:15:10,840 Speaker 1: sense because we don't have the feedback mechanisms, and this 270 00:15:10,880 --> 00:15:15,320 Speaker 1: sort of then ties into why the advent or the 271 00:15:15,360 --> 00:15:18,280 Speaker 1: discovery whatever you want to call something like bitcoin. So 272 00:15:18,280 --> 00:15:21,200 Speaker 1: so let's just even transcend the name bitcoin, like the 273 00:15:21,320 --> 00:15:28,760 Speaker 1: idea of discovering energy money, where the money represents the 274 00:15:28,800 --> 00:15:31,840 Speaker 1: finite resources that are time and energy, like when those 275 00:15:31,880 --> 00:15:35,200 Speaker 1: two are tied together, like I call it the fusion 276 00:15:35,240 --> 00:15:38,440 Speaker 1: of the physical and the metaphysical, when those two come together. 277 00:15:39,640 --> 00:15:43,640 Speaker 1: And when you perform a bad economic action because you've 278 00:15:43,640 --> 00:15:46,520 Speaker 1: made a bad value judgment and therefore you know, squandered 279 00:15:46,680 --> 00:15:51,320 Speaker 1: your resources your time and energy, you actually lose this 280 00:15:51,440 --> 00:15:55,080 Speaker 1: energy money, you lose bitcoin. Um. You have a direct 281 00:15:55,640 --> 00:15:58,720 Speaker 1: feedback mechanism telling you that what you're doing is wrong, 282 00:15:59,120 --> 00:16:02,040 Speaker 1: and you cannot lie to yourself. But when you have 283 00:16:02,200 --> 00:16:05,560 Speaker 1: fiat money and you make a poor economic decision like 284 00:16:05,640 --> 00:16:09,000 Speaker 1: let's lock down half the world, um, and in doing so, 285 00:16:09,080 --> 00:16:11,600 Speaker 1: let's then print two and a half trillion dollars or whatever, 286 00:16:11,640 --> 00:16:14,400 Speaker 1: and then prices go up, then you can lie and 287 00:16:14,440 --> 00:16:16,200 Speaker 1: you can say, okay, let's just print some more money. 288 00:16:16,280 --> 00:16:19,280 Speaker 1: Let's blame the businesses, let's blame the greedy capitalists, blame 289 00:16:19,320 --> 00:16:21,760 Speaker 1: everybody else. But you are creating the problem and you 290 00:16:21,800 --> 00:16:25,200 Speaker 1: just keep lying about it. Like on a bitcoint standard, 291 00:16:25,280 --> 00:16:27,360 Speaker 1: you just can't do that because like that the feedback 292 00:16:27,440 --> 00:16:30,040 Speaker 1: is instant. It's like you lost the money, you're dead, 293 00:16:30,160 --> 00:16:33,640 Speaker 1: you're you know, your your bankrupt, your broke. On a 294 00:16:33,880 --> 00:16:38,280 Speaker 1: on a fiat standard, you can just add some extra digits. Yeah. 295 00:16:38,720 --> 00:16:41,720 Speaker 1: So in a sense, then you're saying that the free 296 00:16:41,760 --> 00:16:44,520 Speaker 1: speech is the signal, sort of like the prices is signaled. 297 00:16:45,040 --> 00:16:49,280 Speaker 1: And um, in pricing, we need profits. So businesses need 298 00:16:49,320 --> 00:16:52,560 Speaker 1: profit to chase. That's what gives us that feedback loop. 299 00:16:52,880 --> 00:16:55,040 Speaker 1: If I'm not making a profit, then nobody wants what 300 00:16:55,160 --> 00:16:57,480 Speaker 1: I have to offer. It's wrong, it's misaligned. And if 301 00:16:57,520 --> 00:16:59,120 Speaker 1: I am making a profit, that means I found a 302 00:16:59,120 --> 00:17:01,600 Speaker 1: good market fit. And so there's that feedback loop. And 303 00:17:01,640 --> 00:17:05,359 Speaker 1: we can also find the same thing I'm guessing with speech. Um, 304 00:17:05,400 --> 00:17:07,680 Speaker 1: if you're just tuning in, you're listening to the Mark 305 00:17:07,760 --> 00:17:10,480 Speaker 1: Mo Show, we're talking about bitcoin and cryptocurrencies in this 306 00:17:10,560 --> 00:17:13,400 Speaker 1: decentralized revolution. I'm in the studio with Alex S. Fetzky 307 00:17:13,480 --> 00:17:15,879 Speaker 1: and we're talking about a little bit of a philosophical 308 00:17:16,040 --> 00:17:19,760 Speaker 1: entry into bitcoin to kind of explain why bitcoin is 309 00:17:19,760 --> 00:17:23,280 Speaker 1: so important. But even more importantly, how it can really 310 00:17:23,320 --> 00:17:26,760 Speaker 1: change the world through things that most people don't really attribute, 311 00:17:27,040 --> 00:17:28,960 Speaker 1: things like money to fix. And so we're talking about 312 00:17:29,000 --> 00:17:31,359 Speaker 1: free speech. He was kind of giving us an intro 313 00:17:31,480 --> 00:17:34,840 Speaker 1: into how free speech is a signal and then how 314 00:17:34,880 --> 00:17:38,680 Speaker 1: that kind of goes into profits. Um, so I want 315 00:17:38,720 --> 00:17:41,280 Speaker 1: to get into more of that in a second. Um, 316 00:17:41,320 --> 00:17:44,080 Speaker 1: if you're on Twitter, you can find me at number one, 317 00:17:44,119 --> 00:17:47,080 Speaker 1: Mark Moss, shoot me a question, and we got Alex 318 00:17:47,160 --> 00:17:50,399 Speaker 1: at at ghost of Spetzky's s V E T s 319 00:17:50,480 --> 00:17:52,960 Speaker 1: K I. So give us a give us a follow, 320 00:17:53,000 --> 00:17:55,719 Speaker 1: give us a question. Um, we're talking about bitcoin. We're 321 00:17:55,720 --> 00:17:58,680 Speaker 1: talking about this decentralized revolution. We're talking about why it's important. 322 00:17:58,880 --> 00:18:04,000 Speaker 1: We're talking about how speech. Censoring speech just storts the signal, 323 00:18:04,119 --> 00:18:06,320 Speaker 1: sort of like profit. I'm gonna be right back with more. 324 00:18:06,359 --> 00:18:08,560 Speaker 1: Don't go away, all right, everyone, welcome back. You are 325 00:18:08,560 --> 00:18:10,840 Speaker 1: listening to the markma Show, and we're talking about bitcoin. 326 00:18:11,200 --> 00:18:14,800 Speaker 1: We're talking about this giant decentralized revolution that is happening. 327 00:18:15,200 --> 00:18:17,800 Speaker 1: We're we're living through it, we're witnessing it right now. 328 00:18:17,960 --> 00:18:19,840 Speaker 1: And you know a lot of times people are like 329 00:18:20,000 --> 00:18:21,320 Speaker 1: I get it, I get it again, I get it's 330 00:18:21,320 --> 00:18:23,320 Speaker 1: it's like digital gold. Right. Oh no, no, it's like 331 00:18:23,400 --> 00:18:25,200 Speaker 1: it's like digital money. Sure, I get it, I get 332 00:18:25,240 --> 00:18:29,159 Speaker 1: it right, Um, yeah, it is those things. It is, 333 00:18:29,160 --> 00:18:31,320 Speaker 1: sure it is, but it's so much more. That's like 334 00:18:31,359 --> 00:18:33,920 Speaker 1: when electricity was invented and somebody says, I get it. 335 00:18:33,960 --> 00:18:36,919 Speaker 1: I get electricity. It's like a digital candle, right, and like, 336 00:18:36,920 --> 00:18:38,680 Speaker 1: why do I need that? Because like a candle is better, 337 00:18:38,720 --> 00:18:41,320 Speaker 1: it's been light for five thousand years and it's portable 338 00:18:41,400 --> 00:18:44,320 Speaker 1: and I don't need wires um and so yeah, sure 339 00:18:44,400 --> 00:18:46,160 Speaker 1: it was like a digital candle with it's so much more. 340 00:18:46,160 --> 00:18:48,080 Speaker 1: And so so bitcoin is like digital goal, but it's 341 00:18:48,119 --> 00:18:50,720 Speaker 1: so much more, and it's something that can even change 342 00:18:50,760 --> 00:18:54,040 Speaker 1: the world because of the censorship of speech and communication. 343 00:18:54,080 --> 00:18:56,359 Speaker 1: And Alex Fetzki is in the studio with me right now. 344 00:18:56,400 --> 00:18:58,640 Speaker 1: He's explaining this to us, and I kind of cut 345 00:18:58,680 --> 00:19:01,200 Speaker 1: you off before that that last break there, but you're 346 00:19:01,240 --> 00:19:03,840 Speaker 1: explaining I think you're about to transition into how um, 347 00:19:04,000 --> 00:19:06,240 Speaker 1: speech is this feedback loop and then it kind of 348 00:19:06,240 --> 00:19:08,640 Speaker 1: goes into like profit. How profit is also a feedback 349 00:19:08,680 --> 00:19:11,880 Speaker 1: loop for businesses. I think that's kind of where you were. Yes, So, 350 00:19:11,880 --> 00:19:14,199 Speaker 1: so I guess to tax this all together what I've 351 00:19:14,200 --> 00:19:16,600 Speaker 1: said in the past. Um. I was with Nat Brunel 352 00:19:16,680 --> 00:19:18,680 Speaker 1: on a on a little podcast a couple of weeks ago, 353 00:19:18,760 --> 00:19:21,840 Speaker 1: and one of the points I was making was, I 354 00:19:21,880 --> 00:19:25,159 Speaker 1: think bitcoin's biggest impact on society is going to be 355 00:19:25,840 --> 00:19:30,560 Speaker 1: the fact that it will make economic consequences. It'll it'll 356 00:19:30,680 --> 00:19:37,720 Speaker 1: reintroduce economic consequence to all action, um, whether at the corporate, individual, institution, 357 00:19:37,800 --> 00:19:41,119 Speaker 1: or whatever level. Right, So, so it makes action accountable 358 00:19:41,840 --> 00:19:43,639 Speaker 1: because at the moment, if you're close enough to the 359 00:19:43,640 --> 00:19:46,560 Speaker 1: monetary spigot, you are not accountable to anybody or anything. 360 00:19:46,840 --> 00:19:49,800 Speaker 1: You can make, you can perform badly, and you just 361 00:19:50,560 --> 00:19:52,919 Speaker 1: print the money, you borrow the money you you know, 362 00:19:53,040 --> 00:19:55,080 Speaker 1: you created, you know, you tax it from someone, right 363 00:19:55,480 --> 00:19:58,680 Speaker 1: So so when you have that moral hazard, everything else distorts, 364 00:19:58,680 --> 00:20:03,160 Speaker 1: and then everything downstream starts deform. Right by bitcoin becoming 365 00:20:03,160 --> 00:20:06,800 Speaker 1: a standard economic consequence. Like over in here, it's like 366 00:20:06,920 --> 00:20:10,560 Speaker 1: bitcoin makes economic consequence great again. But in doing so, 367 00:20:11,480 --> 00:20:15,359 Speaker 1: because economic consequences so tight tightly tied to action, and 368 00:20:15,480 --> 00:20:19,680 Speaker 1: at that point, it actually makes free speech profitable again. 369 00:20:20,320 --> 00:20:21,560 Speaker 1: And that's what we need to do. We need to 370 00:20:21,600 --> 00:20:24,359 Speaker 1: make free speech profitable again, because if you are a 371 00:20:24,359 --> 00:20:27,760 Speaker 1: business of any kind operating on a bitcoin standard, and 372 00:20:27,760 --> 00:20:30,119 Speaker 1: you don't have the option of being bailed out. You 373 00:20:30,160 --> 00:20:32,199 Speaker 1: don't have you know, a government doesn't have the option 374 00:20:32,359 --> 00:20:35,320 Speaker 1: of just bailing you up for poor decision making or 375 00:20:35,320 --> 00:20:38,960 Speaker 1: for whatever. Um, you will go ahead and censor someone 376 00:20:39,960 --> 00:20:43,200 Speaker 1: because you know, at the moment the government pays, you know, 377 00:20:43,280 --> 00:20:46,280 Speaker 1: whether it's Twitter or focebook or whatever, or mandates them, 378 00:20:46,280 --> 00:20:49,360 Speaker 1: which which is another form of I guess uh it's 379 00:20:49,359 --> 00:20:51,159 Speaker 1: a reverse payment, right, It's like if you don't do this, 380 00:20:51,160 --> 00:20:53,440 Speaker 1: will shut you down. So it's like, you know, it's 381 00:20:53,480 --> 00:20:55,960 Speaker 1: it's a different make it's a it's a different economic 382 00:20:56,000 --> 00:20:58,760 Speaker 1: reason to do so, right, But when that can't happen, 383 00:20:59,760 --> 00:21:04,720 Speaker 1: send ship actually becomes a not very profitable business model. 384 00:21:04,920 --> 00:21:07,840 Speaker 1: Like if you're going to go on one platform in 385 00:21:07,880 --> 00:21:10,399 Speaker 1: your sense and universus another platform and you're not sense it, 386 00:21:10,520 --> 00:21:12,800 Speaker 1: like where are you gonna go? So so it's like 387 00:21:13,800 --> 00:21:17,760 Speaker 1: that is I think how we fix this sensor problem. 388 00:21:17,800 --> 00:21:21,200 Speaker 1: It's not through decentralization. It's not through you know, building 389 00:21:21,240 --> 00:21:23,840 Speaker 1: some sort of you know, uh, you know D five 390 00:21:23,960 --> 00:21:27,440 Speaker 1: version of Twitter or anything like that. It's by removing 391 00:21:27,640 --> 00:21:33,800 Speaker 1: the problem upstream, making all action economically accountable. Um introducing 392 00:21:33,840 --> 00:21:40,200 Speaker 1: consequence to all action and making all service providers, whether companies, institutions, governments, 393 00:21:40,240 --> 00:21:45,560 Speaker 1: or whatever, actual UM service providers not overlords to their customers. 394 00:21:45,600 --> 00:21:49,000 Speaker 1: And the customers are anybody holding bitcoin because in this 395 00:21:49,040 --> 00:21:51,840 Speaker 1: game you can't just take it from them. So UM, 396 00:21:51,880 --> 00:21:56,199 Speaker 1: I get that. But something I think about in in 397 00:21:56,200 --> 00:22:00,840 Speaker 1: regards to a free market, UM, censorship might should be profitable. 398 00:22:00,840 --> 00:22:03,320 Speaker 1: So for example, if I want some somewhere for my 399 00:22:03,400 --> 00:22:06,000 Speaker 1: kids to go into, some sort of kids community, for example, 400 00:22:06,320 --> 00:22:09,240 Speaker 1: I might I might prefer as a paying customer to 401 00:22:09,400 --> 00:22:11,080 Speaker 1: pay for them to go in a community that is 402 00:22:11,119 --> 00:22:14,480 Speaker 1: censored where they censor all that stuff out right. Um, 403 00:22:14,520 --> 00:22:16,440 Speaker 1: But then for me, I would prefer to go into 404 00:22:16,440 --> 00:22:18,199 Speaker 1: another community that I can talk to my audience that 405 00:22:18,320 --> 00:22:20,639 Speaker 1: isn't censored, right, And so um it could be. I mean, 406 00:22:20,640 --> 00:22:23,320 Speaker 1: censorship could be a profitable model. But it just goes 407 00:22:23,359 --> 00:22:25,200 Speaker 1: back to the free marketing with the free markets demanding 408 00:22:25,240 --> 00:22:29,400 Speaker 1: and wanting. Yes, censorship is only profitable in a localized environment. 409 00:22:29,520 --> 00:22:32,919 Speaker 1: That's the that's the big difference. So so so when 410 00:22:33,000 --> 00:22:35,800 Speaker 1: when you've got to control like a walled garden, it 411 00:22:35,920 --> 00:22:39,760 Speaker 1: makes sense. The problem is is in this trend towards 412 00:22:39,800 --> 00:22:44,840 Speaker 1: a globalist, homogeneous state. The entire world becomes a world garden, 413 00:22:45,200 --> 00:22:49,120 Speaker 1: and then you try and apply sensorship across the whole thing. 414 00:22:49,520 --> 00:22:51,879 Speaker 1: That is where it doesn't work, because in order for 415 00:22:52,000 --> 00:22:55,440 Speaker 1: life to subsist, there must be diversity. So within individual 416 00:22:55,440 --> 00:22:59,199 Speaker 1: world gardens, different elements of sensorship might work, but it 417 00:22:59,240 --> 00:23:01,879 Speaker 1: has to be low coalized, and that can't scale beyond 418 00:23:01,880 --> 00:23:05,879 Speaker 1: a particular number because beyond the particular number you get 419 00:23:05,920 --> 00:23:09,800 Speaker 1: the you get the problem of complex systems requiring some 420 00:23:09,840 --> 00:23:12,919 Speaker 1: sort of feedback, right, So it only works in a 421 00:23:12,920 --> 00:23:16,000 Speaker 1: localized capacity. So then we can take that and we 422 00:23:16,040 --> 00:23:18,520 Speaker 1: can blow that up to even bigger, which is then 423 00:23:18,920 --> 00:23:20,639 Speaker 1: um really, I think what you're talking about is is 424 00:23:20,680 --> 00:23:24,720 Speaker 1: bitcoin makes it unprofitable um to to be wrong, to 425 00:23:24,800 --> 00:23:26,560 Speaker 1: have these misaligned incentives. And if we take it to 426 00:23:26,600 --> 00:23:28,560 Speaker 1: a bigger level than we talk about, like on a government, 427 00:23:28,600 --> 00:23:30,800 Speaker 1: and if a government can't print unlemited amounts of money 428 00:23:31,000 --> 00:23:32,560 Speaker 1: and they had to stick to a standard like a 429 00:23:32,560 --> 00:23:35,359 Speaker 1: gold standard or a bitcoin standard, they would then also 430 00:23:35,440 --> 00:23:37,199 Speaker 1: have to be good management of their money or they 431 00:23:37,200 --> 00:23:40,119 Speaker 1: would lose. And so in that type of environment, I 432 00:23:40,160 --> 00:23:43,080 Speaker 1: think kind of like you're talking about censorship working only 433 00:23:43,119 --> 00:23:45,520 Speaker 1: in a smaller kind of a walled garden, not a 434 00:23:45,640 --> 00:23:48,440 Speaker 1: national one. I think that's also the way politics should 435 00:23:48,440 --> 00:23:50,359 Speaker 1: also work. Right, So it's like, uh, just in the 436 00:23:50,440 --> 00:23:52,280 Speaker 1: United States, I mean, three and thirty million people is 437 00:23:52,320 --> 00:23:55,000 Speaker 1: way too many to be under one regime or one 438 00:23:55,040 --> 00:23:58,159 Speaker 1: set of rules, and so kind of the same thing, right. 439 00:23:58,160 --> 00:23:59,359 Speaker 1: It's like, Hey, if I want to live in a 440 00:23:59,359 --> 00:24:03,120 Speaker 1: neighborhood and and this is a good example for people, Um, 441 00:24:03,119 --> 00:24:05,080 Speaker 1: like I could live in a in a gated neighborhood 442 00:24:05,080 --> 00:24:07,760 Speaker 1: with an association. But then, like, I'm not allowed to 443 00:24:07,800 --> 00:24:09,600 Speaker 1: park on the street, and that's a pain in the ass. 444 00:24:10,080 --> 00:24:11,320 Speaker 1: I don't like to park in the street. I don't 445 00:24:11,359 --> 00:24:12,600 Speaker 1: like to have to get my trash cans in by 446 00:24:12,600 --> 00:24:14,680 Speaker 1: five o'clock. I don't like that I can only paint 447 00:24:14,720 --> 00:24:16,919 Speaker 1: my house three different colors. I don't like that. But 448 00:24:17,240 --> 00:24:20,240 Speaker 1: on the flip side, is all that my neighborhood looks clean. 449 00:24:20,240 --> 00:24:21,639 Speaker 1: There's no cars on the street, all the houses are 450 00:24:21,680 --> 00:24:23,520 Speaker 1: the same, and it looks good. And so some people 451 00:24:23,640 --> 00:24:25,800 Speaker 1: like that, And I can choose to live in that 452 00:24:25,840 --> 00:24:28,359 Speaker 1: gated neighborhood if I want. Um, I used to live 453 00:24:28,400 --> 00:24:30,120 Speaker 1: in a gated neighborood. About four years whore, I moved 454 00:24:30,119 --> 00:24:32,480 Speaker 1: to a non gated neighborhood and the homes are even 455 00:24:32,480 --> 00:24:34,800 Speaker 1: more expensive in the area that I'm at. But sometimes 456 00:24:34,920 --> 00:24:38,040 Speaker 1: there's an RV in the driveway. Sometimes the guy's got 457 00:24:38,080 --> 00:24:39,760 Speaker 1: a junker in the drive because there's no association to 458 00:24:39,920 --> 00:24:42,240 Speaker 1: enforced it. Um, so I'm free, but sometimes I don't 459 00:24:42,240 --> 00:24:43,800 Speaker 1: like it as much. Or I can go over there 460 00:24:44,040 --> 00:24:46,280 Speaker 1: where I it's it's cleaner and I like it better. 461 00:24:46,359 --> 00:24:48,520 Speaker 1: But then I'm not free, but I get to choose, 462 00:24:48,680 --> 00:24:51,760 Speaker 1: and I think that's kind of the difference. Absolutely, yes, 463 00:24:51,880 --> 00:24:54,080 Speaker 1: so so basically so, so you've got this kind of 464 00:24:54,760 --> 00:24:57,879 Speaker 1: corrective mechanism. Right, So if you'll, again let's use the 465 00:24:57,880 --> 00:25:01,359 Speaker 1: gated community as an example. If you have a contractual relationship, 466 00:25:01,480 --> 00:25:04,399 Speaker 1: you know, so so as you mentioned that you can 467 00:25:04,440 --> 00:25:07,280 Speaker 1: only paint three colors, etcetera, etcetera. Their their actual forms 468 00:25:07,280 --> 00:25:10,239 Speaker 1: of censorship, but light censorship, right, and now you may 469 00:25:10,280 --> 00:25:12,920 Speaker 1: agree to those upfront, but then let's say over time 470 00:25:12,960 --> 00:25:14,640 Speaker 1: they're like, Okay, now you can't do this, and they 471 00:25:14,680 --> 00:25:16,200 Speaker 1: can't do this, and they can't do this, and I 472 00:25:16,359 --> 00:25:18,280 Speaker 1: can't do this. You're like, wait a minute, this this 473 00:25:18,359 --> 00:25:20,520 Speaker 1: is ridiculous. I didn't sign up for this. The level 474 00:25:20,560 --> 00:25:23,080 Speaker 1: of censorship is too high, the level of restriction, because 475 00:25:23,080 --> 00:25:25,120 Speaker 1: that that's effectively what censorship is, right, it's a form 476 00:25:25,160 --> 00:25:29,879 Speaker 1: of restriction. It's too high. I'm leaving, um enough people 477 00:25:29,960 --> 00:25:33,120 Speaker 1: leave the restriction. What that is is a market feedback 478 00:25:33,160 --> 00:25:36,720 Speaker 1: signal to that localized entity saying that hey, the restrictions 479 00:25:36,720 --> 00:25:41,040 Speaker 1: are too too far reaching, we need to uh parry 480 00:25:41,080 --> 00:25:44,640 Speaker 1: them back. So you know that you have this natural 481 00:25:44,840 --> 00:25:49,120 Speaker 1: corrective mechanism or this natural stabilizing mechanism for censorship as 482 00:25:50,000 --> 00:25:54,159 Speaker 1: part of your business model. But when it becomes the 483 00:25:55,040 --> 00:25:59,399 Speaker 1: you know, the the thing via which like you know, 484 00:26:00,680 --> 00:26:03,440 Speaker 1: where it's run by one sort of you know, ministry 485 00:26:03,480 --> 00:26:08,080 Speaker 1: of truth, where people are genuinely saying, hey, wait a minute, 486 00:26:09,119 --> 00:26:13,840 Speaker 1: this is a fact, and you know, someone turns around says, no, 487 00:26:13,960 --> 00:26:16,280 Speaker 1: it's not in your band um, Like you said, it's 488 00:26:16,280 --> 00:26:21,560 Speaker 1: like ripping someone's tongue out. That is like it's yeah, 489 00:26:21,600 --> 00:26:23,520 Speaker 1: I mean what else canda say? It's like it's a 490 00:26:23,600 --> 00:26:29,879 Speaker 1: it's a is this fearful attempt to push down the 491 00:26:29,960 --> 00:26:34,280 Speaker 1: truth in an attempt to perpetuate a lie um so 492 00:26:34,440 --> 00:26:39,639 Speaker 1: that you can keep I guess robbing the people who 493 00:26:39,720 --> 00:26:43,679 Speaker 1: are you know, unassuming who don't get it. It's really 494 00:26:44,240 --> 00:26:49,399 Speaker 1: it's really disgusting. Yeah, yeah, I like I like that. 495 00:26:49,440 --> 00:26:52,720 Speaker 1: What I like about that is where this goes on 496 00:26:52,760 --> 00:26:54,800 Speaker 1: a bigger scale. So I would say the first thing 497 00:26:54,800 --> 00:26:56,879 Speaker 1: I say is that I think that You asked me 498 00:26:56,880 --> 00:26:58,600 Speaker 1: in the beginning, like what do I think free speech 499 00:26:58,640 --> 00:27:00,880 Speaker 1: is important for? And I said, I think through through 500 00:27:00,920 --> 00:27:04,080 Speaker 1: open free speech, we find truth, right, truth discovery kind 501 00:27:04,080 --> 00:27:06,000 Speaker 1: of like in a free open market you find price discovery, 502 00:27:06,400 --> 00:27:08,120 Speaker 1: you only find price discovery, and free market you only 503 00:27:08,160 --> 00:27:12,200 Speaker 1: find truth in a in an open discussion environment as well. Um, 504 00:27:12,200 --> 00:27:15,120 Speaker 1: but what I really like this, this is this feedback mechanism. 505 00:27:15,160 --> 00:27:17,680 Speaker 1: Like we talked about moving from a gated neighborhood to another. 506 00:27:18,119 --> 00:27:19,840 Speaker 1: If enough people move out of the gate neighborhood, they 507 00:27:19,880 --> 00:27:21,879 Speaker 1: have to change because they're like, shoot, we're gonna lose revenue. 508 00:27:21,880 --> 00:27:23,840 Speaker 1: We have to change. And I want to talk about 509 00:27:23,840 --> 00:27:26,840 Speaker 1: what that does on a bigger global scale. When we 510 00:27:26,880 --> 00:27:28,640 Speaker 1: come back. You're listening to the Markma Show. We're talking 511 00:27:28,640 --> 00:27:31,399 Speaker 1: about bitcoin. Uh in a long round about what we're 512 00:27:31,400 --> 00:27:33,480 Speaker 1: talking about bitcoin. We're talking about how bitcoin can change 513 00:27:33,520 --> 00:27:35,280 Speaker 1: the world. We're gonna talk about how it's going to 514 00:27:35,400 --> 00:27:37,280 Speaker 1: change the world more. We'll be right back. All right, 515 00:27:37,320 --> 00:27:39,520 Speaker 1: welcome back. You are listening to the Mark Moss Show. 516 00:27:39,560 --> 00:27:43,760 Speaker 1: We're talking about bitcoin. We're talking about the decentralized revolution 517 00:27:43,840 --> 00:27:46,280 Speaker 1: that we are living through right now, and we're talking 518 00:27:46,320 --> 00:27:49,920 Speaker 1: about something a little bit deeper than you might normally here. 519 00:27:50,480 --> 00:27:54,800 Speaker 1: We're talking about how bitcoin changes the kind of the 520 00:27:54,840 --> 00:27:56,679 Speaker 1: incentive structure and how it can change the world. I'm 521 00:27:56,720 --> 00:27:59,040 Speaker 1: in the studio with my good friend Alec Spetzky. That's 522 00:27:59,160 --> 00:28:01,520 Speaker 1: s V E T. S k I. You can find 523 00:28:01,520 --> 00:28:04,800 Speaker 1: them on Twitter at Ghosts of Spetzky, and of course 524 00:28:04,840 --> 00:28:07,760 Speaker 1: I'm the one Mark Moss on Twitter. Um. So, Alex, 525 00:28:07,760 --> 00:28:10,120 Speaker 1: this is something I've been saying for a long time, 526 00:28:10,280 --> 00:28:12,320 Speaker 1: and we've had discussions about this, but I think it's 527 00:28:12,359 --> 00:28:14,959 Speaker 1: apparent to anybody who's paying attention. Um, of course, we're 528 00:28:14,960 --> 00:28:16,359 Speaker 1: trying to bring this back to bitcoin, but I think 529 00:28:16,400 --> 00:28:18,840 Speaker 1: it's important that our apparent that anybody paying attention that 530 00:28:19,160 --> 00:28:23,000 Speaker 1: the world is trending towards authoritarianism, which of course is 531 00:28:23,040 --> 00:28:25,520 Speaker 1: the censorship of speech and censorship of private property and 532 00:28:25,520 --> 00:28:28,960 Speaker 1: all these things. And so the world is trending towards authoritarianism, 533 00:28:29,000 --> 00:28:33,000 Speaker 1: and I have I kind of believe that the way 534 00:28:33,000 --> 00:28:36,239 Speaker 1: that we break that trend isn't through violence. It's not 535 00:28:36,280 --> 00:28:39,360 Speaker 1: through war, it's not through guns. I think it breaks 536 00:28:39,400 --> 00:28:42,920 Speaker 1: through competition. And so kind of like what you gave 537 00:28:43,000 --> 00:28:44,800 Speaker 1: us before the break talking about if enough people move 538 00:28:44,800 --> 00:28:48,560 Speaker 1: out of the gated neighborhood, um if if if if, 539 00:28:48,640 --> 00:28:52,000 Speaker 1: if we have competitions, that gated neighborhood would have competition. 540 00:28:52,400 --> 00:28:54,400 Speaker 1: Um those people and the homeowners of those people that 541 00:28:54,400 --> 00:28:56,719 Speaker 1: live in the neighborhood wouldn't go by force and with 542 00:28:56,840 --> 00:28:59,800 Speaker 1: guns and kidnapped the founders in time to change the rules. No, 543 00:29:00,280 --> 00:29:03,200 Speaker 1: they would just move. And and that in in in 544 00:29:03,280 --> 00:29:06,320 Speaker 1: order to compete that homeown associates would have to change 545 00:29:06,360 --> 00:29:08,720 Speaker 1: those rules. And I think that we've seen that in 546 00:29:08,720 --> 00:29:11,120 Speaker 1: the United States where Texas and Florida out competed in 547 00:29:11,120 --> 00:29:13,800 Speaker 1: New York and California. Both governors found themselves on the 548 00:29:13,880 --> 00:29:16,480 Speaker 1: chopping block. One made it, one didn't. Um. But I 549 00:29:16,480 --> 00:29:18,560 Speaker 1: think we're starting to see that, you know, in in 550 00:29:18,560 --> 00:29:20,160 Speaker 1: the United States, but we're also starting to see on 551 00:29:20,200 --> 00:29:23,440 Speaker 1: a national scale where now we have like El Salvador 552 00:29:23,520 --> 00:29:26,680 Speaker 1: who's now said, hey, bitcoins legal by the way, everybody 553 00:29:26,680 --> 00:29:29,160 Speaker 1: can move here. No more mandates, no more testing, um, 554 00:29:29,280 --> 00:29:31,959 Speaker 1: no more, no more income taxes, property taxes, like come, 555 00:29:32,040 --> 00:29:34,120 Speaker 1: make as much money as you want. And I think 556 00:29:34,120 --> 00:29:37,840 Speaker 1: if enough people go there, then we saw now Paraguay 557 00:29:37,840 --> 00:29:40,400 Speaker 1: is saying, hey, well, us too, and then maybe it's 558 00:29:40,400 --> 00:29:42,640 Speaker 1: you know, Costa Rica, and then maybe Panama. And after 559 00:29:42,760 --> 00:29:46,040 Speaker 1: enough of those companies countries jump on the bandwagon and 560 00:29:46,200 --> 00:29:49,920 Speaker 1: enough people leave, you know, places like the United States. Um, 561 00:29:50,080 --> 00:29:52,480 Speaker 1: rather than by force, the United States will go wait 562 00:29:52,480 --> 00:29:54,400 Speaker 1: a minute, wait a minute, We're losing all the productive 563 00:29:54,680 --> 00:29:58,000 Speaker 1: members of society. We should change our rules. I mean, 564 00:29:58,000 --> 00:30:01,840 Speaker 1: what is that kind of what you see? Yeah? So so? 565 00:30:02,080 --> 00:30:07,440 Speaker 1: I mean, the only vote that really really matters is 566 00:30:07,480 --> 00:30:10,160 Speaker 1: not the name you put on a ballot. Like, the 567 00:30:10,200 --> 00:30:15,600 Speaker 1: only vote that really matters is where you put your paycheck, right, Like, 568 00:30:15,640 --> 00:30:19,320 Speaker 1: where where you allocate your money. That's simple as that. 569 00:30:19,360 --> 00:30:23,000 Speaker 1: Like when I go and buy um, grass fed beef 570 00:30:24,120 --> 00:30:28,680 Speaker 1: over you know, beyond soy burger or whatever they call um, 571 00:30:28,720 --> 00:30:32,320 Speaker 1: I'm voting for meat, not for fake meat. Right. Um. 572 00:30:32,600 --> 00:30:35,560 Speaker 1: When I go and eat at one restaurant over another, 573 00:30:35,600 --> 00:30:37,480 Speaker 1: I am voting for that restaurant. When I buy one 574 00:30:37,480 --> 00:30:39,320 Speaker 1: thing over another I'm doing that, you know that, So 575 00:30:39,320 --> 00:30:41,480 Speaker 1: so that that is the only vote that really matters. 576 00:30:41,480 --> 00:30:44,680 Speaker 1: Everything else is just the charade. Um. So so when 577 00:30:44,720 --> 00:30:47,200 Speaker 1: you think about it at that level, it's like the 578 00:30:47,480 --> 00:30:52,640 Speaker 1: free market has its own voting mechanism literally baked into it, 579 00:30:52,960 --> 00:30:56,520 Speaker 1: which is what people buy is what they want, right, um, 580 00:30:56,680 --> 00:31:00,880 Speaker 1: And and that's what we do. So when you, um, 581 00:31:01,000 --> 00:31:06,560 Speaker 1: when you scale that up in a world where the 582 00:31:06,640 --> 00:31:10,960 Speaker 1: government can't buy its own votes really because because that's 583 00:31:10,960 --> 00:31:13,160 Speaker 1: that's when you think about what inflation and taxation isn't 584 00:31:13,160 --> 00:31:16,280 Speaker 1: borrowing from the future, it's it's just buying its own votes. Um. 585 00:31:16,320 --> 00:31:19,680 Speaker 1: You know, it's the government has no feedback mechanism, which is, 586 00:31:19,720 --> 00:31:22,440 Speaker 1: you know, the consumer doesn't get a choice. Um, the 587 00:31:22,480 --> 00:31:25,320 Speaker 1: government can do whatever it wants. Um. And whatever decision 588 00:31:25,320 --> 00:31:29,800 Speaker 1: it makes wrong, right or indifferent, Um, it just goes 589 00:31:29,880 --> 00:31:32,240 Speaker 1: and prints a little bit more money, taxes a little 590 00:31:32,240 --> 00:31:35,240 Speaker 1: bit more, and borrows more. You know. Like, I mean 591 00:31:35,320 --> 00:31:38,240 Speaker 1: that that thing with Biden last week was just hilarious. 592 00:31:38,360 --> 00:31:42,200 Speaker 1: We pay our debts by taking on more debt. Congratulations, man, 593 00:31:42,320 --> 00:31:47,280 Speaker 1: Like that's just like it's just cracked up. Man. So, 594 00:31:47,640 --> 00:31:49,160 Speaker 1: So in that kind of a world, like you know, 595 00:31:49,280 --> 00:31:51,760 Speaker 1: you're living a fraud. And you know you don't really 596 00:31:51,800 --> 00:31:54,560 Speaker 1: have an economic vote, you know, you don't. You know, 597 00:31:55,040 --> 00:31:57,960 Speaker 1: everything is a big charade. So on the Bitcoin standard, 598 00:31:58,160 --> 00:32:03,560 Speaker 1: where as a governed its institution of any kind, you know, 599 00:32:03,640 --> 00:32:07,800 Speaker 1: small state, big state, whatever, where you can't actually do that. 600 00:32:07,880 --> 00:32:11,520 Speaker 1: You can't print, you can't forcibly tax, and you can't 601 00:32:11,560 --> 00:32:14,000 Speaker 1: just borrow from a future because no one's going to 602 00:32:14,120 --> 00:32:16,800 Speaker 1: give you money. If you're a bad operator. Um, all 603 00:32:16,840 --> 00:32:18,880 Speaker 1: you can do is function like a really good service 604 00:32:18,920 --> 00:32:22,960 Speaker 1: provider and say, hey, come here, work here, will provide 605 00:32:23,280 --> 00:32:27,720 Speaker 1: the bare minimums, I don't know, judicial service, protection, service, whatever, 606 00:32:27,800 --> 00:32:31,640 Speaker 1: whatever you know, benefits we want to provide and come 607 00:32:31,800 --> 00:32:34,680 Speaker 1: and operate. Um. And then you have to voluntarily pay 608 00:32:34,720 --> 00:32:37,400 Speaker 1: for that. And what happens is the relationship changes from 609 00:32:38,560 --> 00:32:41,000 Speaker 1: subject overlord which is what we've got at the moment, 610 00:32:41,320 --> 00:32:45,680 Speaker 1: to customer service provider, which is what we want. And 611 00:32:45,720 --> 00:32:47,920 Speaker 1: that that's a that's a functional relationship. And in that 612 00:32:48,000 --> 00:32:50,720 Speaker 1: kind of a relationship, if someone's not treating you well, 613 00:32:51,000 --> 00:32:56,680 Speaker 1: you go and you know, vote elsewhere with your economic energy. Yeah. 614 00:32:56,720 --> 00:32:58,560 Speaker 1: In the in the book, the sovereign individual, they talk 615 00:32:58,600 --> 00:33:00,640 Speaker 1: about like a dairy cow, all locked up in a 616 00:33:00,640 --> 00:33:02,320 Speaker 1: pin and the farmer just you know, takes all the 617 00:33:02,320 --> 00:33:04,840 Speaker 1: milk they want. But then if the cow could grow wings, 618 00:33:05,040 --> 00:33:07,200 Speaker 1: and the cow can grow wings, and the government's forced 619 00:33:07,200 --> 00:33:08,440 Speaker 1: to instead of looking at you as a as a 620 00:33:08,480 --> 00:33:10,360 Speaker 1: serf or a servant, they can look at you as 621 00:33:10,360 --> 00:33:12,440 Speaker 1: a customer. And I think, you know, we've seen this 622 00:33:12,520 --> 00:33:15,040 Speaker 1: before when when I was a kid growing up, I 623 00:33:15,080 --> 00:33:18,960 Speaker 1: had many friends who came from oppressive regimes, um you know, Afghanistan, Iran, 624 00:33:19,160 --> 00:33:21,560 Speaker 1: our South Africa even and when they came, they had 625 00:33:21,600 --> 00:33:24,280 Speaker 1: a compenying less because they couldn't bring their real estate 626 00:33:24,360 --> 00:33:25,960 Speaker 1: or their goal. They couldn't even bring the money in 627 00:33:26,000 --> 00:33:28,560 Speaker 1: their banks. They had a compennyless. And so how much 628 00:33:28,600 --> 00:33:31,800 Speaker 1: good does it do um a country when you when 629 00:33:31,800 --> 00:33:34,800 Speaker 1: you leave, but you leave all your wealth to them. 630 00:33:34,800 --> 00:33:37,240 Speaker 1: But bitcoin allows us to take our wealth with us, 631 00:33:37,560 --> 00:33:43,160 Speaker 1: which I think will rapidly accelerate this whole competition loop totally. 632 00:33:43,200 --> 00:33:45,360 Speaker 1: Because and and the best thing about bitcoin, and like 633 00:33:45,400 --> 00:33:47,320 Speaker 1: a lot of people say, okay, you guys are talking 634 00:33:47,360 --> 00:33:49,200 Speaker 1: about this. You're talking about you know, the world getting 635 00:33:49,200 --> 00:33:51,040 Speaker 1: on a bitcoin standard and all this sort of stuff. 636 00:33:51,040 --> 00:33:56,000 Speaker 1: It's like this is bitcoin is inevitable. Both it's discovery 637 00:33:56,000 --> 00:34:00,280 Speaker 1: and both it's um, it's a ultimate supremacy it right, 638 00:34:00,360 --> 00:34:03,200 Speaker 1: it's inevitable in the same way as jumping off a 639 00:34:03,200 --> 00:34:08,960 Speaker 1: cliff and dying because gravity caught up is also inevitable. Right. 640 00:34:09,239 --> 00:34:13,560 Speaker 1: Like we may think in the early seconds of jumping 641 00:34:13,560 --> 00:34:16,480 Speaker 1: off a cliff that we're flying m but then you know, 642 00:34:16,520 --> 00:34:20,040 Speaker 1: gravity takes hold and we realize that we can't fly. Um. 643 00:34:20,120 --> 00:34:23,759 Speaker 1: And and that's basically Bitcoin's progression. But on a generational 644 00:34:24,560 --> 00:34:28,040 Speaker 1: time frame, um, you know, in in the short term, 645 00:34:28,040 --> 00:34:30,080 Speaker 1: we might think, how are we going to overwhelm this? 646 00:34:30,200 --> 00:34:34,160 Speaker 1: But you know, bitcoin is physics, Bitcoin is mathematics. You know, 647 00:34:34,200 --> 00:34:40,000 Speaker 1: bitcoin is raw energy. And the government and the central 648 00:34:40,000 --> 00:34:42,600 Speaker 1: banks and the institutions that we have today are just 649 00:34:43,000 --> 00:34:47,120 Speaker 1: fantasies that they're just made up things that you know, 650 00:34:47,160 --> 00:34:49,560 Speaker 1: as I said, like the CPI model is a perfect example. 651 00:34:49,600 --> 00:34:52,880 Speaker 1: It's just something that we just made up and we 652 00:34:53,040 --> 00:34:55,880 Speaker 1: just change it because when reality tells us it's not 653 00:34:55,920 --> 00:34:57,840 Speaker 1: the case, we're like, oh yeah, I just ignore that 654 00:34:57,920 --> 00:35:00,640 Speaker 1: and just like change it. You know, change is variable 655 00:35:00,640 --> 00:35:02,520 Speaker 1: and then you know we just kind of add a 656 00:35:02,600 --> 00:35:04,440 Speaker 1: bit more lipstick to the pig, and you know, we 657 00:35:04,440 --> 00:35:08,040 Speaker 1: think it's beautiful, right, So Bitcoin is going to win, 658 00:35:08,080 --> 00:35:10,600 Speaker 1: so it's inevitable in that sense. So what that means is, 659 00:35:11,640 --> 00:35:16,680 Speaker 1: as that reality manifests, those who hold the bitcoin are 660 00:35:16,760 --> 00:35:19,640 Speaker 1: those who hold the ultimate vote, and those who hold 661 00:35:19,640 --> 00:35:23,719 Speaker 1: the ultimate vote are those who dictate the way decisions, 662 00:35:23,920 --> 00:35:29,719 Speaker 1: products and services get made. And this thing changes the 663 00:35:30,040 --> 00:35:33,800 Speaker 1: entire game. Man Like the current game, all decision making 664 00:35:34,280 --> 00:35:37,480 Speaker 1: is dictated and and all incentives are dictated by those 665 00:35:37,520 --> 00:35:40,600 Speaker 1: who pay for their own vote, which are the existing institutions. 666 00:35:40,840 --> 00:35:43,480 Speaker 1: Bitcoin swaps it and places it into the hands of 667 00:35:43,560 --> 00:35:47,520 Speaker 1: the bitcoin holders, and that's a very different looking world 668 00:35:47,760 --> 00:35:50,520 Speaker 1: than what we have today. Yeah, And the other thing 669 00:35:50,560 --> 00:35:52,319 Speaker 1: that I love about I've been I've been reading a 670 00:35:52,320 --> 00:35:56,160 Speaker 1: lot on Schniev who wrote you know, the good leg 671 00:35:56,200 --> 00:35:59,719 Speaker 1: Acapelos and then also have All which I forget the 672 00:35:59,760 --> 00:36:01,040 Speaker 1: name of the book, but he he was the one 673 00:36:01,080 --> 00:36:03,440 Speaker 1: that was like the Yugoslavian president and that both of 674 00:36:03,440 --> 00:36:05,719 Speaker 1: them were writing and instrumental in the in the Fall 675 00:36:05,800 --> 00:36:08,879 Speaker 1: of the USSR. And they talked about how when you're 676 00:36:08,960 --> 00:36:11,360 Speaker 1: when you're stuck living in a lie, so in a 677 00:36:11,440 --> 00:36:13,080 Speaker 1: system that you don't believe, in a system that you 678 00:36:13,080 --> 00:36:14,719 Speaker 1: don't like being forced to do things you don't like 679 00:36:14,719 --> 00:36:16,560 Speaker 1: to do, et cetera. When you're forced to live in 680 00:36:16,560 --> 00:36:20,640 Speaker 1: that lie, you can't change it through political means, they said, Um, 681 00:36:20,920 --> 00:36:23,160 Speaker 1: and so the political system is captured, control whatever. And 682 00:36:23,200 --> 00:36:25,000 Speaker 1: they said, what the only thing that you can do 683 00:36:25,480 --> 00:36:28,640 Speaker 1: is to go build a parallel world that you can 684 00:36:28,680 --> 00:36:30,560 Speaker 1: live in the truth. And so those are like black 685 00:36:30,560 --> 00:36:32,720 Speaker 1: markets or grade markets. So it's like, instead of that system, 686 00:36:33,080 --> 00:36:34,920 Speaker 1: I don't like that system, I'm just gonna go opt out. 687 00:36:34,960 --> 00:36:37,400 Speaker 1: I'm gonna go over here. I'll build my own financial system, 688 00:36:37,400 --> 00:36:39,279 Speaker 1: will go build my own education system, will go build 689 00:36:39,280 --> 00:36:41,480 Speaker 1: my own health system, or whatever it may be. And 690 00:36:41,640 --> 00:36:45,960 Speaker 1: only really bitcoin enables us to do that. Um, you're 691 00:36:46,000 --> 00:36:48,480 Speaker 1: listening to the Markma Show. We're talking about bitcoin. We're 692 00:36:48,480 --> 00:36:51,080 Speaker 1: talking about how bitcoin is going to change the world. 693 00:36:51,239 --> 00:36:53,840 Speaker 1: I'm in the studio with Alex Fetzki. That's Ghost of 694 00:36:53,920 --> 00:36:56,359 Speaker 1: Sveetzki s V E T s K. I find them 695 00:36:56,360 --> 00:36:58,840 Speaker 1: on Twitter. Um. Bitcoin is going to change the World's 696 00:36:58,840 --> 00:37:01,000 Speaker 1: going to speed up the competition coop. Um, it's going 697 00:37:01,040 --> 00:37:04,000 Speaker 1: to open up free speech. You vote with your money, 698 00:37:04,120 --> 00:37:06,920 Speaker 1: you vote with your feet, so vote accordingly. Thanks for listening.