1 00:00:00,240 --> 00:00:02,840 Speaker 1: Hello, and welcome to another episode of the Mark Moss Show, 2 00:00:02,880 --> 00:00:06,360 Speaker 1: where we talk about, of course, the decentralized revolution, talking 3 00:00:06,400 --> 00:00:09,280 Speaker 1: about the way the world is changing. Of course we 4 00:00:09,320 --> 00:00:12,320 Speaker 1: look at it through the lens of politics, finance, and technology. 5 00:00:12,360 --> 00:00:14,760 Speaker 1: Of course, we're talking about how the world has become 6 00:00:14,840 --> 00:00:17,560 Speaker 1: more and more centralized over time, which of course you 7 00:00:17,600 --> 00:00:19,919 Speaker 1: see with the World Economic Form and the UN and 8 00:00:19,920 --> 00:00:24,040 Speaker 1: the WHO and the WTO and on and on and on, IMF, etc. 9 00:00:24,400 --> 00:00:26,520 Speaker 1: And the world is now breaking apart moving to a 10 00:00:26,520 --> 00:00:28,320 Speaker 1: decentralized world. And we look at it, like I said, 11 00:00:28,360 --> 00:00:31,120 Speaker 1: through the lens of politics, finance, and technology, because it's 12 00:00:31,120 --> 00:00:36,080 Speaker 1: always technology that changes the world. And that technology that's 13 00:00:36,159 --> 00:00:38,320 Speaker 1: really driving massive change to the world right now is 14 00:00:38,320 --> 00:00:42,280 Speaker 1: the decentralized technology of bitcoin. And we're going to talk 15 00:00:42,320 --> 00:00:44,920 Speaker 1: about that today, and specifically, we're going to talk about 16 00:00:45,159 --> 00:00:48,360 Speaker 1: how you've been lied to, they've been lying to you, 17 00:00:48,760 --> 00:00:51,639 Speaker 1: and we're going to break down three ways that bitcoin 18 00:00:51,760 --> 00:00:56,840 Speaker 1: mining actually helps the environment and not hurts it. So 19 00:00:56,880 --> 00:00:58,720 Speaker 1: you've been lied to, You've been told that bitcoin is horrible, 20 00:00:58,760 --> 00:01:01,760 Speaker 1: it's a waste. Charlie Munger says, it's rat poison. All 21 00:01:01,760 --> 00:01:03,680 Speaker 1: these things we're going to say who are they? Who 22 00:01:03,760 --> 00:01:05,440 Speaker 1: are they that have lied to you? Well, the media 23 00:01:05,520 --> 00:01:07,600 Speaker 1: is lying to you. What is their role in all 24 00:01:07,600 --> 00:01:09,840 Speaker 1: of this. We're going to look at the very actual 25 00:01:09,959 --> 00:01:12,000 Speaker 1: specific lies that they've told you. We're going to break 26 00:01:12,000 --> 00:01:13,640 Speaker 1: those down. We're going to look at why those things 27 00:01:13,680 --> 00:01:15,840 Speaker 1: they've said are completely wrong that We're going to look 28 00:01:15,840 --> 00:01:18,880 Speaker 1: at specific ways that actually bitcoin is good counter to 29 00:01:18,959 --> 00:01:21,160 Speaker 1: what they've said. We'll look at it from the lens 30 00:01:21,240 --> 00:01:24,679 Speaker 1: of climate, the energy grids that we have across the 31 00:01:24,680 --> 00:01:27,679 Speaker 1: country and the world, and then overall freedom and just 32 00:01:27,800 --> 00:01:31,600 Speaker 1: overall you know, human humanity, human flourishment. It's a pretty 33 00:01:31,640 --> 00:01:33,640 Speaker 1: pretty big thing. We're going to look at like what 34 00:01:33,800 --> 00:01:37,880 Speaker 1: are they hiding and why is this happening? The massive 35 00:01:37,920 --> 00:01:39,520 Speaker 1: opportunity that sits on the side of this, and of 36 00:01:39,560 --> 00:01:42,120 Speaker 1: course I want to give you some new mental models 37 00:01:42,360 --> 00:01:44,440 Speaker 1: to help you think through this, because you know, the 38 00:01:44,480 --> 00:01:46,880 Speaker 1: old problem was getting enough information. Today the problem is 39 00:01:46,880 --> 00:01:49,120 Speaker 1: that we have so much information, how do we discern it? 40 00:01:49,400 --> 00:01:52,760 Speaker 1: And how do you understand the truth when you have 41 00:01:52,920 --> 00:01:56,480 Speaker 1: so much propaganda coming down from you know, parties who 42 00:01:56,560 --> 00:01:59,360 Speaker 1: have a vested interest in getting you to think another position. 43 00:01:59,360 --> 00:02:01,240 Speaker 1: So we're going to break all of that down and more. 44 00:02:01,280 --> 00:02:03,840 Speaker 1: It's a big show, so don't go away. If you're 45 00:02:03,880 --> 00:02:06,000 Speaker 1: just tuning in, you're listening to the Mark Moss Show. Now. 46 00:02:06,000 --> 00:02:07,240 Speaker 1: If you do miss any of it, don't worry. I 47 00:02:07,280 --> 00:02:09,280 Speaker 1: got your back. You can always catch me on the podcast. 48 00:02:09,360 --> 00:02:12,679 Speaker 1: Just search your favorite podcast player for the Mark Moss Show, 49 00:02:12,680 --> 00:02:15,000 Speaker 1: and of course follow along on social media. Hit me 50 00:02:15,080 --> 00:02:18,000 Speaker 1: up on Twitter at one Mark Moss or on Instagram 51 00:02:18,000 --> 00:02:20,359 Speaker 1: at Mark Moss on either on one of those platforms. 52 00:02:20,360 --> 00:02:22,239 Speaker 1: I'm probably on there way too much and I'd love 53 00:02:22,320 --> 00:02:23,880 Speaker 1: to hear from you. Let me know what you think 54 00:02:23,880 --> 00:02:25,840 Speaker 1: about the show, what kind of topics would like be 55 00:02:25,880 --> 00:02:29,400 Speaker 1: to cover, and so much more. And while I'm asking, 56 00:02:29,680 --> 00:02:31,760 Speaker 1: let me just ask. Can I please ask for a favor, 57 00:02:31,840 --> 00:02:34,119 Speaker 1: just one small little favorite if I've earned that hopefully, 58 00:02:34,400 --> 00:02:37,799 Speaker 1: would you please on your favorite podcast app just leave 59 00:02:37,840 --> 00:02:40,240 Speaker 1: me a review, hopefully a good review, but either way, 60 00:02:40,320 --> 00:02:42,080 Speaker 1: leave me a review, give me some stars, tell me 61 00:02:42,120 --> 00:02:44,239 Speaker 1: what you think about the show. That would really help 62 00:02:44,280 --> 00:02:45,560 Speaker 1: me out so much, would be so much to me, 63 00:02:46,040 --> 00:02:47,680 Speaker 1: and I'll keep doing the best that I can to 64 00:02:47,720 --> 00:02:49,639 Speaker 1: bring you this information. So let's go ahead and just 65 00:02:49,680 --> 00:02:51,799 Speaker 1: jump right into it. Like I said, we're talking about 66 00:02:52,720 --> 00:02:56,720 Speaker 1: how they have been lying to you and actually how 67 00:02:56,720 --> 00:02:58,440 Speaker 1: it's all wrong. So let's break that down. So who 68 00:02:58,520 --> 00:03:00,959 Speaker 1: are they? First of all, now you hear that thrown 69 00:03:01,000 --> 00:03:03,040 Speaker 1: around a lot, like they are trying to do this, 70 00:03:03,200 --> 00:03:05,200 Speaker 1: They are trying to take away freedom, they are trying 71 00:03:05,200 --> 00:03:07,320 Speaker 1: to push CBDC they like, And so who are they? 72 00:03:07,360 --> 00:03:09,120 Speaker 1: That's always a question that we want to ask. Now, 73 00:03:09,440 --> 00:03:12,840 Speaker 1: unfortunately we don't always know exactly who they are, and 74 00:03:12,840 --> 00:03:15,519 Speaker 1: that's by design. I had a guest on my show, 75 00:03:15,560 --> 00:03:17,760 Speaker 1: doctor Robert Malone. Some of you guys might have seen that, 76 00:03:18,520 --> 00:03:21,160 Speaker 1: and doctor Robert Malone he got kind of came to 77 00:03:21,200 --> 00:03:25,320 Speaker 1: prominence because he was the inventor of the mRNA vaccine, 78 00:03:25,360 --> 00:03:27,200 Speaker 1: which of course I'm sure you're familiar with at this point. 79 00:03:28,000 --> 00:03:30,000 Speaker 1: And you know, then he gained a lot of notoriety 80 00:03:30,000 --> 00:03:33,560 Speaker 1: because he was kind of speaking against the mRNA vaccine 81 00:03:33,639 --> 00:03:36,560 Speaker 1: during the pandemic, etc. I had him on my show 82 00:03:36,640 --> 00:03:38,360 Speaker 1: not to talk about that. What we talked about is 83 00:03:38,360 --> 00:03:42,960 Speaker 1: something called the fifth generation of warfare. And doctor Malone 84 00:03:43,080 --> 00:03:48,200 Speaker 1: is an amazing person, overall amazing guest, because his role 85 00:03:48,320 --> 00:03:52,360 Speaker 1: really in the medical field in establishing vaccines, et cetera, 86 00:03:52,920 --> 00:03:57,040 Speaker 1: was he was a clinical researcher, and he wrote papers 87 00:03:57,160 --> 00:04:01,240 Speaker 1: that were submitted for reviews, etc. So his skill is researching, 88 00:04:01,960 --> 00:04:07,080 Speaker 1: looking through mountains of data, understanding it, and then synthesizing 89 00:04:07,120 --> 00:04:10,240 Speaker 1: it into papers and getting those submitted into medical logs, etc. 90 00:04:10,720 --> 00:04:13,520 Speaker 1: So that's his skill, and boy is it paying off 91 00:04:13,560 --> 00:04:16,360 Speaker 1: his ability to do research and see these things as amazing. 92 00:04:16,400 --> 00:04:18,919 Speaker 1: But anyway, I had them on my show and we 93 00:04:18,920 --> 00:04:21,560 Speaker 1: talked about something again called the fifth Generation of Warfare. 94 00:04:21,560 --> 00:04:23,560 Speaker 1: If you missed it, I'd highly recommend you go back 95 00:04:23,560 --> 00:04:25,359 Speaker 1: and watch it again. Go back in the podcast, search 96 00:04:25,400 --> 00:04:28,640 Speaker 1: back to Robert Malone Fifth Generation of Warfare, or you 97 00:04:28,680 --> 00:04:32,400 Speaker 1: can catch it on YouTube. Just search Mark Moss, Robert Malone. 98 00:04:32,400 --> 00:04:35,200 Speaker 1: You'll find it. But in this fifth Generation of Warfare, 99 00:04:35,240 --> 00:04:38,279 Speaker 1: he basically talks about how the world has changed in 100 00:04:38,279 --> 00:04:41,320 Speaker 1: its type of warfare and the world in the United States, etc. 101 00:04:42,040 --> 00:04:44,280 Speaker 1: And really there's been five generations and I'm gonna break 102 00:04:44,279 --> 00:04:45,720 Speaker 1: these down for you real quick so you can understand 103 00:04:45,760 --> 00:04:49,239 Speaker 1: who they are. So in the first generation of warfare, 104 00:04:49,279 --> 00:04:51,920 Speaker 1: you had you know, Mono Emano, you had man On Man. Right, 105 00:04:52,240 --> 00:04:54,320 Speaker 1: I'm gonna come beat you up and take what you have. 106 00:04:55,680 --> 00:04:58,480 Speaker 1: The second generation generation of warfare started to get a 107 00:04:58,480 --> 00:05:01,960 Speaker 1: little bit more advanced. So then we start having like armies, right, 108 00:05:02,000 --> 00:05:03,760 Speaker 1: So now we'd have armies that would meet each other 109 00:05:03,839 --> 00:05:06,520 Speaker 1: on the battlefield and fight to the death or whatever 110 00:05:06,800 --> 00:05:10,160 Speaker 1: until one side surrenders. The third generation of warfare is 111 00:05:10,200 --> 00:05:13,240 Speaker 1: when we really started to get industrialization. So now we 112 00:05:13,360 --> 00:05:17,360 Speaker 1: had aircraft carriers and jets and helicopters and tanks and 113 00:05:17,400 --> 00:05:20,600 Speaker 1: all these things. And really that's when the United States 114 00:05:20,640 --> 00:05:23,360 Speaker 1: really rose to prominence. So through World War One world 115 00:05:23,440 --> 00:05:26,760 Speaker 1: War Two, those were both industrial led wars, so the 116 00:05:26,839 --> 00:05:29,680 Speaker 1: US was able to out industrialize everybody else. We were 117 00:05:29,720 --> 00:05:32,360 Speaker 1: able to make more war materials, more ships, more tanks, 118 00:05:32,360 --> 00:05:35,080 Speaker 1: more bombs, etc. And we were able to dominate the 119 00:05:35,120 --> 00:05:38,720 Speaker 1: world in that way. But then we went into the 120 00:05:38,760 --> 00:05:41,760 Speaker 1: fourth generation of warfare. Now, the fourth generation of warfare 121 00:05:41,800 --> 00:05:46,200 Speaker 1: really came out around the Vietnam War and it's continued 122 00:05:46,279 --> 00:05:48,640 Speaker 1: on until now we're entering the fifth generation. But in 123 00:05:48,680 --> 00:05:52,080 Speaker 1: the fourth generation of warfare, it was not any longer 124 00:05:52,160 --> 00:05:56,719 Speaker 1: these massive armies or these massive industrialized armies, but instead 125 00:05:56,760 --> 00:06:00,360 Speaker 1: it was in Vietnam, it was guerrilla warfare. So now 126 00:06:00,520 --> 00:06:04,719 Speaker 1: was little groups attacking the one big group. And the 127 00:06:04,760 --> 00:06:07,359 Speaker 1: problem with that was that you know, the US is 128 00:06:07,360 --> 00:06:10,040 Speaker 1: this big, you know fighter, but then you have these small, 129 00:06:10,040 --> 00:06:13,480 Speaker 1: little nimble fighters that come in and unfortunately, US didn't 130 00:06:13,480 --> 00:06:15,919 Speaker 1: do too well over in Vietnam. The US didn't work 131 00:06:16,040 --> 00:06:18,080 Speaker 1: in that type of warfare. As a matter of fact, 132 00:06:18,640 --> 00:06:21,520 Speaker 1: per Malone's claims, I haven't actually gone back and verified 133 00:06:21,520 --> 00:06:23,360 Speaker 1: this for myself, but it seems to be accurate. The 134 00:06:23,480 --> 00:06:28,120 Speaker 1: United States has not won a war since we've moved 135 00:06:28,160 --> 00:06:31,080 Speaker 1: into the fourth generation of warfare. They've never won a war. 136 00:06:31,320 --> 00:06:33,680 Speaker 1: So what war have they won? I can't really think 137 00:06:33,680 --> 00:06:35,679 Speaker 1: of one. We didn't win Vietnam, we didn't win after Iraq, 138 00:06:35,680 --> 00:06:37,640 Speaker 1: we didn't have to win in Afghanistan. So we're not 139 00:06:37,680 --> 00:06:39,840 Speaker 1: able to win that type of warfare. And now we're 140 00:06:39,920 --> 00:06:42,599 Speaker 1: entering the fifth generation of warfare, and the fifth generation 141 00:06:42,640 --> 00:06:46,760 Speaker 1: of warfare is now going into informational and psychological and 142 00:06:46,839 --> 00:06:50,560 Speaker 1: even financial warfare. And it really signifies itself by having 143 00:06:50,640 --> 00:06:56,200 Speaker 1: this nameless, faceless attack. So we all feel it. We 144 00:06:56,240 --> 00:06:59,000 Speaker 1: can feel these things happening. We can feel the censorship, 145 00:06:59,040 --> 00:07:01,599 Speaker 1: we can feel the manipulate, we can feel that we're 146 00:07:01,600 --> 00:07:04,240 Speaker 1: being pitted against each other, but we don't know by 147 00:07:04,480 --> 00:07:07,880 Speaker 1: who who is doing it, Where is it coming from, 148 00:07:07,880 --> 00:07:11,120 Speaker 1: we don't know. And that's like this psychological warfare. So 149 00:07:11,160 --> 00:07:13,720 Speaker 1: we feel the full court of press, but we don't 150 00:07:13,760 --> 00:07:15,720 Speaker 1: know who it's coming from and where it's coming from. 151 00:07:16,040 --> 00:07:18,480 Speaker 1: And again that's by design. That's the fifth generation of warfare. Again, 152 00:07:18,520 --> 00:07:19,800 Speaker 1: go back and lists of the interview if you really 153 00:07:19,800 --> 00:07:21,480 Speaker 1: want to dig into that. It's an amazing topic that 154 00:07:21,520 --> 00:07:24,640 Speaker 1: we really dove deep into. But when we go back 155 00:07:24,640 --> 00:07:28,200 Speaker 1: to asking the question who are they, we don't know. 156 00:07:28,400 --> 00:07:30,000 Speaker 1: We don't know who they are, but we do know 157 00:07:30,080 --> 00:07:32,120 Speaker 1: a few of the players. So for example, we know 158 00:07:32,200 --> 00:07:35,760 Speaker 1: mainstream media's role in putting these lies out there, so 159 00:07:35,760 --> 00:07:38,720 Speaker 1: we know that they are part of mainstream media. So 160 00:07:38,800 --> 00:07:43,440 Speaker 1: for example, we have the New York Times, CNN, you know, 161 00:07:43,880 --> 00:07:49,440 Speaker 1: Washington Post, Forbes, Atlantic Financial Times, etc. And so all 162 00:07:49,520 --> 00:07:53,880 Speaker 1: of those mainstream outlets have sensationalized attacks on bitcoins, specifically 163 00:07:53,920 --> 00:07:58,520 Speaker 1: around bitcoin's energy usage. We've seen numerous articles. I'm going 164 00:07:58,560 --> 00:08:00,400 Speaker 1: to dig deep into some of these, but like some 165 00:08:00,480 --> 00:08:02,680 Speaker 1: of the names of these articles they put out, for example, 166 00:08:02,720 --> 00:08:07,680 Speaker 1: are like the real world costs of the digital race 167 00:08:07,680 --> 00:08:10,400 Speaker 1: for Bitcoin. So just like think about that name that 168 00:08:10,400 --> 00:08:14,000 Speaker 1: they put there, right, the real world costs for the 169 00:08:14,040 --> 00:08:15,840 Speaker 1: digital race to bitcoin. Now, first of all, yes, there 170 00:08:15,840 --> 00:08:20,520 Speaker 1: are costs. Everything in life has a cost benefit analysis. 171 00:08:20,840 --> 00:08:24,040 Speaker 1: You do yourself no favor if you don't realize that 172 00:08:24,160 --> 00:08:27,360 Speaker 1: everything in life has a cost to benefit analysis. It's 173 00:08:27,560 --> 00:08:29,920 Speaker 1: pros and cons good and bad. Right, everything has that. 174 00:08:30,240 --> 00:08:32,280 Speaker 1: In order for me to get a benefit, I must 175 00:08:32,280 --> 00:08:34,559 Speaker 1: pay a cost. In order for me to get in shape, 176 00:08:34,640 --> 00:08:38,400 Speaker 1: I must wake up on early and go do exercise. Right. 177 00:08:38,600 --> 00:08:40,439 Speaker 1: In order for me to get in shape, I must 178 00:08:40,480 --> 00:08:44,319 Speaker 1: pay the cost of you know, starving myself from sweets 179 00:08:44,320 --> 00:08:47,160 Speaker 1: and snacks or whatever. Everything has a cost. Another one, 180 00:08:47,240 --> 00:08:50,320 Speaker 1: bitcoin uses more electricity than many countries. How is that 181 00:08:50,400 --> 00:08:55,199 Speaker 1: even possible? So very sensational and misleading. Yes, the price 182 00:08:55,240 --> 00:08:59,880 Speaker 1: of bitcoin mining and more why bitcoin miners want to 183 00:09:00,160 --> 00:09:02,080 Speaker 1: cast themselves as eco friendly. We can go on and 184 00:09:02,120 --> 00:09:03,400 Speaker 1: on and on, but you can just tell by the 185 00:09:03,920 --> 00:09:08,040 Speaker 1: title of these these these hit pieces, these propaganda pieces, 186 00:09:08,160 --> 00:09:10,080 Speaker 1: you can already tell what their stance is. Of course, 187 00:09:10,080 --> 00:09:13,240 Speaker 1: we've seen the government and the regulatory stance come out 188 00:09:13,640 --> 00:09:17,760 Speaker 1: harsh against this as well, trying to look at that. 189 00:09:18,559 --> 00:09:20,080 Speaker 1: And so we're going to talk more about what the 190 00:09:20,120 --> 00:09:22,600 Speaker 1: government is actually said, what the Biden administration has actually said, 191 00:09:22,640 --> 00:09:25,720 Speaker 1: what the competitor attacks are influencer attacks, but you know 192 00:09:26,840 --> 00:09:29,840 Speaker 1: they're coming from all over the place, and it's really 193 00:09:29,880 --> 00:09:32,360 Speaker 1: hard to understand what to do. It's hard to understand 194 00:09:32,360 --> 00:09:34,959 Speaker 1: what to do with your money, and so much more. 195 00:09:35,160 --> 00:09:36,719 Speaker 1: If you're just tuning in, you're listening to the Mark 196 00:09:36,800 --> 00:09:39,920 Speaker 1: Mass Show talking about the lies they're feeding you and 197 00:09:39,960 --> 00:09:42,480 Speaker 1: how they're all wrong about bitcoin mining and more. We're 198 00:09:42,480 --> 00:09:43,800 Speaker 1: gonna be back with more a minute. I gotta take 199 00:09:43,800 --> 00:09:47,720 Speaker 1: a quick break. Don't go away, I'll bear back, all right, 200 00:09:47,720 --> 00:09:49,400 Speaker 1: Welcome back. If you're just tune in, you are listening 201 00:09:49,440 --> 00:09:52,200 Speaker 1: to the Mark Mass Show, of course, always talking about 202 00:09:52,240 --> 00:09:55,320 Speaker 1: the decentralized revolution. Right now we're talking about specifically the 203 00:09:55,360 --> 00:09:58,840 Speaker 1: ways they and who they are lying to you about 204 00:09:58,880 --> 00:10:01,840 Speaker 1: bitcoin and bitcoin mining and how it's all wrong and 205 00:10:01,880 --> 00:10:04,240 Speaker 1: we can see through it by the thin veiled attacks 206 00:10:04,280 --> 00:10:07,040 Speaker 1: that they're doing. So again we were talking about for 207 00:10:07,200 --> 00:10:09,840 Speaker 1: understanding who they are is very difficult, but in this context, 208 00:10:09,840 --> 00:10:12,360 Speaker 1: we know they are the people that are putting out 209 00:10:12,360 --> 00:10:15,520 Speaker 1: these hit pieces. So I named the New York Times, CNN, Forbes, Atlantic, 210 00:10:15,520 --> 00:10:19,280 Speaker 1: et cetera. But we also have the Biden administration. We 211 00:10:19,360 --> 00:10:23,240 Speaker 1: know specifically that the Biden administration, Biden himself if he's 212 00:10:23,240 --> 00:10:27,560 Speaker 1: capable of it, most likely it's the administration. Biden supposedly 213 00:10:27,720 --> 00:10:31,560 Speaker 1: signed some executive orders mandating that the government start to 214 00:10:31,559 --> 00:10:36,559 Speaker 1: do investigations and research into bitcoin and cryptocurrencies and things 215 00:10:36,640 --> 00:10:40,640 Speaker 1: like that. They wanted to analyze the implications and the 216 00:10:40,679 --> 00:10:43,720 Speaker 1: initiatives behind it. What's going on with it? Is it 217 00:10:43,720 --> 00:10:45,480 Speaker 1: a thread, how can we take it over? How can 218 00:10:45,520 --> 00:10:48,600 Speaker 1: we produce something better? And all these types of things. Now, 219 00:10:50,200 --> 00:10:52,880 Speaker 1: in this economic report that Biden put together, you know, 220 00:10:52,920 --> 00:10:56,000 Speaker 1: there was a lot of language in there. It was 221 00:10:56,000 --> 00:10:58,840 Speaker 1: titled the Economic Report of the President, And like I said, 222 00:10:58,840 --> 00:11:02,679 Speaker 1: they wanted to supposedly look at the potential benefits of it. 223 00:11:03,080 --> 00:11:07,000 Speaker 1: Of course it's not really what they were doing. But 224 00:11:07,080 --> 00:11:09,440 Speaker 1: what they really wanted to look at is is this 225 00:11:09,520 --> 00:11:15,240 Speaker 1: a threat to our financial monopoly? Could it effectively replace 226 00:11:15,320 --> 00:11:18,320 Speaker 1: what we're doing? Is there a way that we could 227 00:11:18,360 --> 00:11:21,800 Speaker 1: stop it if we wanted to, Is there a way 228 00:11:21,840 --> 00:11:25,320 Speaker 1: that we could you know, co opt it, take it over? 229 00:11:25,400 --> 00:11:27,080 Speaker 1: Things like that. That's actually what they are taking a 230 00:11:27,120 --> 00:11:29,280 Speaker 1: look at. We know that we've seen many other people 231 00:11:29,280 --> 00:11:32,120 Speaker 1: in the Bide administration following suit. We know Elizabeth Warren, 232 00:11:32,520 --> 00:11:37,360 Speaker 1: Senator Elizabeth Warren. I always think about what Trump calls her, 233 00:11:38,480 --> 00:11:41,400 Speaker 1: Senator Elizabeth Warren. She is now heading up what she's 234 00:11:41,400 --> 00:11:46,320 Speaker 1: calling the anti Crypto Army Anti Crypto. It's amazing an 235 00:11:46,360 --> 00:11:49,480 Speaker 1: American the land of the Free and American politicians running 236 00:11:49,480 --> 00:11:51,440 Speaker 1: on a platform to take away freedoms. It's pretty crazy. 237 00:11:52,720 --> 00:11:54,160 Speaker 1: And then we have what we you know what we've 238 00:11:54,160 --> 00:11:57,400 Speaker 1: been talking about Operation Choke Point, where they're literally choking 239 00:11:57,559 --> 00:12:01,200 Speaker 1: out these legally recognized businesses, cutting access off to the 240 00:12:01,240 --> 00:12:05,880 Speaker 1: financial system. So we've seen that. We've also seen influencer 241 00:12:05,960 --> 00:12:09,080 Speaker 1: tax attacks really really stepped up. So you know, whether 242 00:12:09,120 --> 00:12:11,400 Speaker 1: that's you know, Warren Buffett. They always love to go 243 00:12:11,480 --> 00:12:14,079 Speaker 1: to Warren Buffett and his partner Charlie Munger and ask 244 00:12:14,160 --> 00:12:17,680 Speaker 1: them what they think about bitcoin. And of course, you know, 245 00:12:18,679 --> 00:12:22,280 Speaker 1: they're in their nineties. They've made billions of dollars off 246 00:12:22,320 --> 00:12:25,480 Speaker 1: the legacy financial system. My guess is they sort of 247 00:12:25,640 --> 00:12:28,280 Speaker 1: like the financial the legacy financial system because it's worked 248 00:12:28,600 --> 00:12:30,599 Speaker 1: very well for them. My guess is they would like 249 00:12:30,640 --> 00:12:33,920 Speaker 1: the legacy financial system to continue because they've got it 250 00:12:33,960 --> 00:12:36,080 Speaker 1: dialed in and they've got it figured out, and they're 251 00:12:36,120 --> 00:12:38,440 Speaker 1: so influential now that they get the government to do 252 00:12:38,480 --> 00:12:41,440 Speaker 1: their bidding and they get to benefit from that. So 253 00:12:41,480 --> 00:12:44,680 Speaker 1: my guess is that they wouldn't be very favorable to 254 00:12:44,760 --> 00:12:48,280 Speaker 1: any type of competition for that. So one, let's let's 255 00:12:48,360 --> 00:12:50,720 Speaker 1: let's let's let's lock these down. So rule number one, 256 00:12:50,880 --> 00:12:52,960 Speaker 1: when you're looking at this type of information coming out, 257 00:12:52,960 --> 00:12:55,200 Speaker 1: you always want to be able to think critically about it. 258 00:12:55,240 --> 00:12:58,320 Speaker 1: So one, who is telling me this information? So in 259 00:12:58,320 --> 00:13:02,160 Speaker 1: this case Munger and Buffett, who's telling me that? What 260 00:13:02,280 --> 00:13:05,880 Speaker 1: potential interest or incentives would they have? Well, they have 261 00:13:05,920 --> 00:13:08,240 Speaker 1: deep ties to the legacy financial system, as I said. 262 00:13:08,800 --> 00:13:10,120 Speaker 1: And then we want to be able to look and 263 00:13:10,120 --> 00:13:14,080 Speaker 1: we want to be able to separate fact from opinion. 264 00:13:14,280 --> 00:13:16,200 Speaker 1: All right, So if I'm looking at this piece from 265 00:13:16,240 --> 00:13:19,080 Speaker 1: the Washington Post, I know it's the Washington Post. I 266 00:13:19,160 --> 00:13:21,840 Speaker 1: know they're basically a mouthpiece for the CIA. I know 267 00:13:21,920 --> 00:13:24,560 Speaker 1: it's most likely going to be propaganda. So when I 268 00:13:24,640 --> 00:13:26,600 Speaker 1: read this post, I'm going to already have that frame 269 00:13:26,600 --> 00:13:28,640 Speaker 1: in my mind. Then as I'm reading the information, I 270 00:13:28,679 --> 00:13:31,040 Speaker 1: want to say, what is fact in here? And what 271 00:13:31,120 --> 00:13:33,840 Speaker 1: is opinion? If I was reading something from RT, it'd 272 00:13:33,880 --> 00:13:35,880 Speaker 1: be like, well, this is a Russian mouthpiece, So now 273 00:13:35,880 --> 00:13:38,280 Speaker 1: I need to be aware of their biases. And if 274 00:13:38,280 --> 00:13:41,199 Speaker 1: I'm reading it from Charlie Munger and Warren Buffett, I 275 00:13:41,200 --> 00:13:43,559 Speaker 1: need to know and be aware of their biases as well. 276 00:13:44,440 --> 00:13:47,280 Speaker 1: And then I have to separate fact from fiction. So 277 00:13:47,960 --> 00:13:50,800 Speaker 1: what does Warren Buffett say about bitcoin? He says bitcoin 278 00:13:50,840 --> 00:13:53,439 Speaker 1: is so stupid. He says it's rat poison. Okay, well, 279 00:13:53,480 --> 00:13:56,400 Speaker 1: that's not fact. There's no fact in that. That's his opinion. 280 00:13:56,520 --> 00:13:59,000 Speaker 1: I don't even know what that means. I guess it's 281 00:13:59,720 --> 00:14:03,440 Speaker 1: bad it kills rats, I mean whatever. So that's certainly opinion. Okay, 282 00:14:03,600 --> 00:14:05,560 Speaker 1: so we know who he is, what his are, and 283 00:14:05,559 --> 00:14:07,480 Speaker 1: that's his opinion. I don't really care about his opinion 284 00:14:07,559 --> 00:14:12,480 Speaker 1: in this matter because it's so biased. Right. We know Gates. 285 00:14:12,480 --> 00:14:14,600 Speaker 1: Bill Gates says that he was gifted some and he 286 00:14:14,720 --> 00:14:20,000 Speaker 1: immediately sold it again. Another person who has a lot 287 00:14:20,080 --> 00:14:22,760 Speaker 1: to gain by having the government to continue to take 288 00:14:22,760 --> 00:14:25,320 Speaker 1: over more and more control and grant him and his 289 00:14:25,400 --> 00:14:29,760 Speaker 1: businesses billions and billions of dollars. Elon Musk, he doesn't 290 00:14:29,760 --> 00:14:31,640 Speaker 1: really understand it. He says that he doesn't like it 291 00:14:31,680 --> 00:14:34,120 Speaker 1: because it's not mind of renewable energy. I think you 292 00:14:34,120 --> 00:14:36,280 Speaker 1: know he had that problem because he's obviously trying to 293 00:14:36,360 --> 00:14:39,360 Speaker 1: sell ev cars, trying to push this kind of renewable 294 00:14:39,440 --> 00:14:42,000 Speaker 1: energy world, and so I think he kind of has 295 00:14:42,040 --> 00:14:47,560 Speaker 1: to say that to sort of bow down to to 296 00:14:47,760 --> 00:14:49,720 Speaker 1: his investors and so much more like that. But let's 297 00:14:49,720 --> 00:14:51,440 Speaker 1: take a look at some of these lies that they've 298 00:14:51,440 --> 00:14:53,800 Speaker 1: told us. So, for example, they say that the bitcoin 299 00:14:53,840 --> 00:14:55,720 Speaker 1: uses so much energy it's going to put a strain 300 00:14:55,920 --> 00:15:00,560 Speaker 1: on energy grids, so people all around the country, you 301 00:15:00,560 --> 00:15:02,280 Speaker 1: aren't going to have enough electricity. It's going to push 302 00:15:02,320 --> 00:15:04,360 Speaker 1: the prices up so high. It's going to put so 303 00:15:04,440 --> 00:15:06,560 Speaker 1: much strain on the grids, the grids will come down 304 00:15:06,560 --> 00:15:10,240 Speaker 1: and people won't have enough energy. Well, let's see how 305 00:15:10,240 --> 00:15:15,080 Speaker 1: that works. So in California, for example, over the last 306 00:15:15,440 --> 00:15:18,520 Speaker 1: six seven years, California has shut down two of their 307 00:15:18,560 --> 00:15:23,000 Speaker 1: three nuclear reactors. We've shut down natural gas electricity plants 308 00:15:23,600 --> 00:15:26,360 Speaker 1: to move to renewables. So we've been building more and 309 00:15:26,360 --> 00:15:30,280 Speaker 1: more and renewables in California. But every summer we have 310 00:15:30,480 --> 00:15:33,360 Speaker 1: rolling blackouts. The grid isn't able to manage that, and 311 00:15:33,360 --> 00:15:36,360 Speaker 1: we continually have rolling blackouts during the summer. I personally 312 00:15:36,440 --> 00:15:38,120 Speaker 1: just had solar panels put on my house, and we're 313 00:15:38,120 --> 00:15:40,000 Speaker 1: putting a generator in so I don't have to worry 314 00:15:40,000 --> 00:15:42,160 Speaker 1: about my power going out when we have roe blackouts anymore. 315 00:15:42,240 --> 00:15:44,840 Speaker 1: But that's not because of bitcoin mining. As a matter 316 00:15:44,880 --> 00:15:47,200 Speaker 1: of fact, there is no bitcoin mining in California. And 317 00:15:47,200 --> 00:15:49,200 Speaker 1: the reason why there's no bitcoin mining in California is 318 00:15:49,240 --> 00:15:52,800 Speaker 1: because the price of electricity is way too high. It's 319 00:15:52,840 --> 00:15:56,200 Speaker 1: way too expensive, so no one comes here. So the grid, 320 00:15:56,480 --> 00:15:59,360 Speaker 1: the grid has been weakened by policies that California put 321 00:15:59,400 --> 00:16:01,800 Speaker 1: in place. The grid has been weakened by shutting down 322 00:16:01,880 --> 00:16:06,040 Speaker 1: nuclear reactors. The grid has been trying to move reliable 323 00:16:06,040 --> 00:16:08,600 Speaker 1: sorts of energy to move to unreliable sources of energy 324 00:16:08,640 --> 00:16:11,960 Speaker 1: like wind and solar, and that has caused grid problems. 325 00:16:12,080 --> 00:16:15,320 Speaker 1: Not bitcoin mining. Now we can see in Texas you 326 00:16:15,400 --> 00:16:17,480 Speaker 1: might point to but Texas. Look at Texas. They have 327 00:16:17,520 --> 00:16:20,360 Speaker 1: all these bitcoin miners there and now they're having problems 328 00:16:20,360 --> 00:16:22,600 Speaker 1: with their with their grid. I know, I also have 329 00:16:22,640 --> 00:16:25,120 Speaker 1: a place in Texas. I know this winter my power 330 00:16:25,160 --> 00:16:27,000 Speaker 1: went out for six days because of an ice storm. 331 00:16:27,280 --> 00:16:29,520 Speaker 1: I know the summer before, power went out because it 332 00:16:29,560 --> 00:16:31,880 Speaker 1: was too hot. And is that because of bitcoin mining 333 00:16:31,920 --> 00:16:34,520 Speaker 1: because there's so much there. But the grid has been 334 00:16:34,520 --> 00:16:37,760 Speaker 1: imbalanced in Texas long before bitcoin mining. As a matter 335 00:16:37,800 --> 00:16:41,200 Speaker 1: of fact, bitcoin mining is helping to balance that grid. 336 00:16:41,880 --> 00:16:44,280 Speaker 1: As a matter of fact. What's happening is, you know 337 00:16:44,600 --> 00:16:47,600 Speaker 1: you need with electricity, you need you need a couple things. Well, 338 00:16:47,600 --> 00:16:49,560 Speaker 1: i'm gonna'm gonna'm I'll go I'm gonna break that down. 339 00:16:49,600 --> 00:16:51,280 Speaker 1: But let's just let's just dive down a little bit more. 340 00:16:52,680 --> 00:16:54,200 Speaker 1: I'm gonna break that down. We'll come back to that. 341 00:16:54,440 --> 00:16:56,680 Speaker 1: We also have been told that bitcoin emits way too 342 00:16:56,760 --> 00:17:00,640 Speaker 1: much carbon, it's bad for the climate. Well, first of all, 343 00:17:00,800 --> 00:17:03,160 Speaker 1: let me say something controversial for you here. You may 344 00:17:03,200 --> 00:17:05,520 Speaker 1: not like this. I don't even think that's a I 345 00:17:05,520 --> 00:17:09,280 Speaker 1: don't even think that's real. I don't believe that the 346 00:17:09,320 --> 00:17:13,040 Speaker 1: carbon is one single thermostat you can control the temperature 347 00:17:13,040 --> 00:17:16,399 Speaker 1: of the world on. I think that well, I don't think, 348 00:17:16,560 --> 00:17:22,560 Speaker 1: I know. Factually, empirical evidence tells us that as we've 349 00:17:22,600 --> 00:17:26,280 Speaker 1: produced more carbon, as the temperature of the Earth has 350 00:17:26,320 --> 00:17:28,360 Speaker 1: gone up in the laste hundred years. From nineteen twenty 351 00:17:28,400 --> 00:17:31,520 Speaker 1: to twenty twenty, human flourishment that the temperature of the 352 00:17:31,560 --> 00:17:33,520 Speaker 1: world has gone about one point two degrees in the 353 00:17:33,600 --> 00:17:37,040 Speaker 1: last one hundred years, and human flourishment has never been better, 354 00:17:37,720 --> 00:17:42,639 Speaker 1: Life expectancy has tripled, wealth has increased, everything has gotten 355 00:17:42,680 --> 00:17:45,400 Speaker 1: better as the temperature has gotten warmer. Now, I don't 356 00:17:45,440 --> 00:17:49,040 Speaker 1: believe that the carbon emissions alone drives the temperature, but 357 00:17:49,080 --> 00:17:51,879 Speaker 1: we do know factually that as the temperature went up, 358 00:17:52,000 --> 00:17:54,920 Speaker 1: human life got better. We produce more food than we've 359 00:17:54,920 --> 00:17:58,359 Speaker 1: ever produced before. So I don't even like that one. 360 00:17:58,440 --> 00:18:01,399 Speaker 1: And then we have the energy comparison, so it uses 361 00:18:01,440 --> 00:18:05,280 Speaker 1: more than an entire country, and things like that. So 362 00:18:05,320 --> 00:18:07,960 Speaker 1: I'm going to break down some of those myths. Letter 363 00:18:08,119 --> 00:18:09,840 Speaker 1: leading with I'm going to break those down, and then 364 00:18:09,840 --> 00:18:11,760 Speaker 1: of course we'll talk about what this means on the 365 00:18:11,800 --> 00:18:13,520 Speaker 1: other side, the big opportunity it's there, and then again 366 00:18:13,600 --> 00:18:15,399 Speaker 1: like mental frameworks to think through this. I'm going to 367 00:18:15,440 --> 00:18:16,800 Speaker 1: take a quick break. If he's tune and you were 368 00:18:16,840 --> 00:18:19,359 Speaker 1: listening to the Mark Moss Show, of course talking about 369 00:18:19,359 --> 00:18:22,560 Speaker 1: the decentralized revolution. Today we're breaking down some of these 370 00:18:22,600 --> 00:18:25,159 Speaker 1: attacks on the bitcoin mining network. Gonna be back with 371 00:18:25,160 --> 00:18:27,040 Speaker 1: more in a minute. Don't go away, I'll be right back, 372 00:18:27,560 --> 00:18:28,960 Speaker 1: all right, Welcome back. If you just tune in, you 373 00:18:28,960 --> 00:18:31,919 Speaker 1: were listening to the Mark Moss Show. We're talking about 374 00:18:32,320 --> 00:18:38,680 Speaker 1: they who are they spreading fud, spreading misinformation in mainstream media, 375 00:18:38,720 --> 00:18:43,399 Speaker 1: attacking bitcoin, attacking I wouldn't say cryptocurrency, just really attacking 376 00:18:43,440 --> 00:18:48,600 Speaker 1: bitcoin specifically around the energy, the energy aspect of it. 377 00:18:48,920 --> 00:18:51,399 Speaker 1: You know, you'll notice that kind of going back to 378 00:18:51,440 --> 00:18:53,199 Speaker 1: the intro. If you were here for the beginning, you 379 00:18:53,200 --> 00:18:56,280 Speaker 1: heard me talking about the fifth generation of warfare, and 380 00:18:56,320 --> 00:18:58,480 Speaker 1: then the fifth generation of warfare, it's really like I said, 381 00:18:58,480 --> 00:19:04,400 Speaker 1: it's more psychological, information driven and money driven, and in 382 00:19:04,480 --> 00:19:08,600 Speaker 1: that they use fear as a way to gain control. Right. 383 00:19:08,680 --> 00:19:10,840 Speaker 1: So during the pandemic, Hey, the whole world's going to die, 384 00:19:10,840 --> 00:19:12,399 Speaker 1: so we have to lock everybody down. If you give 385 00:19:12,480 --> 00:19:15,800 Speaker 1: us all this power, we can save you. And part 386 00:19:15,880 --> 00:19:19,360 Speaker 1: of this fifth generation of warfare is usually these psychological 387 00:19:19,440 --> 00:19:21,720 Speaker 1: levers to gain control, and we don't know really know 388 00:19:21,760 --> 00:19:24,879 Speaker 1: who they are. Right And if you think about it, 389 00:19:24,920 --> 00:19:28,280 Speaker 1: you already start to see the World Health Organization, the UN, 390 00:19:28,280 --> 00:19:31,000 Speaker 1: and the World Economic re Forum are all talking now 391 00:19:31,080 --> 00:19:34,119 Speaker 1: about climate emergencies, climate emergencies, climate emergency. As a matter 392 00:19:34,160 --> 00:19:36,639 Speaker 1: of fact, the Biden administration is on board with a 393 00:19:36,680 --> 00:19:39,080 Speaker 1: new resolution that's been put forth that would give the 394 00:19:39,160 --> 00:19:43,000 Speaker 1: US sovereignty over to the UN currently it's just a resolution, 395 00:19:43,440 --> 00:19:45,280 Speaker 1: but it would give power over to the UN that 396 00:19:45,359 --> 00:19:47,960 Speaker 1: they would have control over the entire world, over every nation, 397 00:19:48,040 --> 00:19:50,479 Speaker 1: including the US because they've laid their sovereignty down, including 398 00:19:50,480 --> 00:19:53,639 Speaker 1: the US in any type of global emergency. When you 399 00:19:53,680 --> 00:19:56,680 Speaker 1: look at what type of global emergencies they are, one 400 00:19:56,680 --> 00:20:01,080 Speaker 1: of those is climate climate emergency. Another one is a 401 00:20:01,119 --> 00:20:03,639 Speaker 1: cyber emergency, so if like a bunch of networks go down, 402 00:20:04,080 --> 00:20:06,280 Speaker 1: and so they would use these things to do that. 403 00:20:06,720 --> 00:20:09,480 Speaker 1: And so climate seems to be the big thing. Even 404 00:20:09,520 --> 00:20:11,800 Speaker 1: the World Health Organization now has the power to manage 405 00:20:11,800 --> 00:20:14,560 Speaker 1: every country, include the US, based on a health emergency, 406 00:20:14,720 --> 00:20:16,960 Speaker 1: and they could say that climate is a problem for 407 00:20:17,040 --> 00:20:19,840 Speaker 1: health as well. All right, so just just pay attention 408 00:20:19,920 --> 00:20:21,399 Speaker 1: for that. But let's just take a look at some 409 00:20:21,440 --> 00:20:23,159 Speaker 1: of these things here if we really want to kind 410 00:20:23,200 --> 00:20:25,560 Speaker 1: of break this down. So if we look at like 411 00:20:25,640 --> 00:20:28,639 Speaker 1: some energy comparisons, for example, because they say that bitcoin 412 00:20:28,760 --> 00:20:32,840 Speaker 1: uses way too much energy, but when you examine bitcoin's 413 00:20:32,920 --> 00:20:36,679 Speaker 1: energy usage, first of all, it's nowhere near what they 414 00:20:36,720 --> 00:20:41,240 Speaker 1: said it was going to be. So for example, their 415 00:20:41,320 --> 00:20:47,840 Speaker 1: Newsweek ran article here when is this dated in twenty seventeen. 416 00:20:48,000 --> 00:20:52,320 Speaker 1: In twenty seventeen, Newsweek rand articles said, quote, bitcoin mining 417 00:20:52,400 --> 00:20:56,320 Speaker 1: is on track to consume all of the world's energy 418 00:20:56,359 --> 00:21:00,320 Speaker 1: by twenty twenty, all of it. Well, here were twenty 419 00:21:00,320 --> 00:21:03,640 Speaker 1: twenty three, three years past that date, five years, six 420 00:21:03,720 --> 00:21:05,960 Speaker 1: years past the time they wrote this, three years past 421 00:21:05,960 --> 00:21:08,520 Speaker 1: that date, and guess what, it's not even using even 422 00:21:08,720 --> 00:21:11,280 Speaker 1: it's not even using a fraction of the world's energy, 423 00:21:11,520 --> 00:21:16,479 Speaker 1: not even a fraction. Bitcoin only uses a fraction of 424 00:21:16,520 --> 00:21:19,720 Speaker 1: the energy that's being wasted. Now what is wasted mean? 425 00:21:20,400 --> 00:21:22,640 Speaker 1: So who's to say what a waste is? You might 426 00:21:22,720 --> 00:21:24,359 Speaker 1: sit there and like to look out at the ocean 427 00:21:24,400 --> 00:21:26,240 Speaker 1: for two hours a day, and I might go, what 428 00:21:26,400 --> 00:21:30,359 Speaker 1: a waste you are wasting your time? You should be 429 00:21:30,400 --> 00:21:33,919 Speaker 1: working on higher value tasks. But maybe that's prayer and 430 00:21:33,960 --> 00:21:36,600 Speaker 1: meditation to you, and maybe that's super high value to you, 431 00:21:36,840 --> 00:21:38,680 Speaker 1: and maybe that's what allows you to be such a 432 00:21:38,760 --> 00:21:41,240 Speaker 1: high achiever. So who am I to say that you 433 00:21:41,480 --> 00:21:45,480 Speaker 1: are wasting your time by doing prayer meditation. I may 434 00:21:45,480 --> 00:21:47,560 Speaker 1: not like it, and that's okay, that's on me, But 435 00:21:47,600 --> 00:21:49,560 Speaker 1: that's not a waste. You can choose how you want 436 00:21:49,600 --> 00:21:51,640 Speaker 1: to use your time. I should be able to choose 437 00:21:51,640 --> 00:21:54,080 Speaker 1: how I want to use my electricity. If I'm using electricity, 438 00:21:54,080 --> 00:21:56,439 Speaker 1: it's not a waste. Now, I might say what a 439 00:21:56,480 --> 00:21:59,000 Speaker 1: waste would be is, let's say that I had a 440 00:21:59,040 --> 00:22:01,600 Speaker 1: bunch of meat in the in the freezer and I 441 00:22:01,680 --> 00:22:03,119 Speaker 1: pull it out of the freezer. It would last for 442 00:22:03,160 --> 00:22:04,520 Speaker 1: a long time in the freezer, but I pull it 443 00:22:04,520 --> 00:22:05,840 Speaker 1: out and I cook it all because I have a 444 00:22:05,840 --> 00:22:08,200 Speaker 1: bunch of people coming over and then nobody shows up. 445 00:22:08,600 --> 00:22:11,359 Speaker 1: Now all that food is now wasted because I made 446 00:22:11,400 --> 00:22:13,600 Speaker 1: it and now it has to go in the trash. Okay, 447 00:22:13,720 --> 00:22:15,640 Speaker 1: So if we look at it from that perspective, don't 448 00:22:15,640 --> 00:22:17,399 Speaker 1: we do is we look at the energy it's being used, 449 00:22:18,200 --> 00:22:20,880 Speaker 1: and we go all around the world. Energy is being 450 00:22:21,000 --> 00:22:25,440 Speaker 1: created and not used. No one's using it. It's made, 451 00:22:25,560 --> 00:22:28,640 Speaker 1: but no one's using it. That is a waste. Now, 452 00:22:28,680 --> 00:22:31,960 Speaker 1: if you use that food for like, if I fed 453 00:22:31,960 --> 00:22:33,800 Speaker 1: my dog with it, or I fed a homeless person 454 00:22:33,800 --> 00:22:35,640 Speaker 1: with it, or I've fed my neighbor with it, who 455 00:22:35,640 --> 00:22:37,560 Speaker 1: are you to say it's a waste? Oh, how could 456 00:22:37,560 --> 00:22:39,520 Speaker 1: you waste that good steak on your dog? Well, my 457 00:22:39,560 --> 00:22:41,359 Speaker 1: dog has to eat something. It's not a waste for me. 458 00:22:41,680 --> 00:22:43,680 Speaker 1: A lot of people feed their dog chicken or whatever, right, 459 00:22:44,440 --> 00:22:46,600 Speaker 1: so who are you to say it's a waste. It's 460 00:22:46,600 --> 00:22:48,199 Speaker 1: my food. I'll do what I want. But if I 461 00:22:48,200 --> 00:22:49,400 Speaker 1: threw it in the trash, that's kind of a waste. 462 00:22:49,440 --> 00:22:51,560 Speaker 1: And it goes back to the energy. Who's to say 463 00:22:51,560 --> 00:22:53,080 Speaker 1: if you're using energy is a waste. But if I 464 00:22:54,640 --> 00:22:56,320 Speaker 1: create it and it doesn't get consumed, that's a waste. 465 00:22:56,359 --> 00:22:59,560 Speaker 1: And that's exactly what's happening. So bitcoin uses only a 466 00:22:59,720 --> 00:23:03,720 Speaker 1: very small fraction of the energy that's already being created 467 00:23:04,240 --> 00:23:07,359 Speaker 1: and not used. It's already been made, it's gonna go 468 00:23:07,400 --> 00:23:10,600 Speaker 1: to waste. No one's using it, so bitcoin might as 469 00:23:10,640 --> 00:23:13,719 Speaker 1: well use a little bit of that. And that's where 470 00:23:14,320 --> 00:23:17,280 Speaker 1: really this big piece kicks in that people need to understand. 471 00:23:17,280 --> 00:23:19,639 Speaker 1: And the reason why it's important to understand that is 472 00:23:19,680 --> 00:23:24,000 Speaker 1: because this is what will allow for more human flourishment. 473 00:23:24,320 --> 00:23:27,359 Speaker 1: What do I mean by that, Well, you might imagine 474 00:23:27,920 --> 00:23:30,680 Speaker 1: it's not cheap to set up electricity. That's why most 475 00:23:30,680 --> 00:23:33,760 Speaker 1: of the world doesn't have it. Now, the world of 476 00:23:33,840 --> 00:23:36,000 Speaker 1: Comic Forum in the UN and the who want to 477 00:23:36,080 --> 00:23:40,440 Speaker 1: paint this apocalyptic future, they say that if the word 478 00:23:40,560 --> 00:23:43,639 Speaker 1: per the IPCC report was what they say per the 479 00:23:43,640 --> 00:23:47,320 Speaker 1: IPC's report, the temperature of the world will go up 480 00:23:47,359 --> 00:23:50,480 Speaker 1: by one point two degree celsius in the next hundred years. Okay, 481 00:23:50,560 --> 00:23:53,560 Speaker 1: that's what the IPC report says, but they didn't say 482 00:23:53,560 --> 00:23:55,160 Speaker 1: that the whole world is gonna end. They just said 483 00:23:55,160 --> 00:23:58,080 Speaker 1: it's gonna go up. It's everybody else's extrapolating from that 484 00:23:58,080 --> 00:23:59,720 Speaker 1: piece of data. But again, like I said earlier, if 485 00:23:59,720 --> 00:24:02,359 Speaker 1: we look back empirically the last one hundred years, the 486 00:24:02,359 --> 00:24:04,080 Speaker 1: temperature did go up one point two percent, and it's 487 00:24:04,080 --> 00:24:08,399 Speaker 1: been better. But let's continue pulling on this for a second. 488 00:24:08,760 --> 00:24:12,240 Speaker 1: So they said that that will happen, and so we 489 00:24:12,480 --> 00:24:17,240 Speaker 1: must reduce the electricity because there will be apocalyptic future. 490 00:24:17,320 --> 00:24:19,800 Speaker 1: But as my friend Alex Epstein, who wrote the book 491 00:24:19,800 --> 00:24:23,520 Speaker 1: Fossil Future, likes to point out, for three billion people 492 00:24:23,560 --> 00:24:29,919 Speaker 1: living today, it's already apocalyptic, whatever your vision is of apocalyptic, 493 00:24:30,200 --> 00:24:33,879 Speaker 1: like this Mad Max scenario right where like these roving 494 00:24:33,920 --> 00:24:36,879 Speaker 1: bands of people are roaming around looking for resources like 495 00:24:36,960 --> 00:24:41,359 Speaker 1: food and gas. That's life for like three billion people 496 00:24:41,440 --> 00:24:44,800 Speaker 1: right now today. They don't have it. There's babies that 497 00:24:44,880 --> 00:24:47,040 Speaker 1: die every single day because they can't go to the 498 00:24:47,040 --> 00:24:48,639 Speaker 1: their mother can't go to the hospital and have a 499 00:24:48,680 --> 00:24:52,080 Speaker 1: sonogram or ultrasound. There's babies dying every single day because 500 00:24:52,080 --> 00:24:54,400 Speaker 1: there's no electricity where they can put the baby into 501 00:24:54,400 --> 00:24:58,600 Speaker 1: an incubator if they're born prematurely. In every single day, 502 00:24:58,800 --> 00:25:01,600 Speaker 1: billions and billions of people are living in apocalyptic life 503 00:25:01,640 --> 00:25:04,840 Speaker 1: because they don't have energy. Now, how could we fix that? 504 00:25:04,920 --> 00:25:06,600 Speaker 1: How could we get them energy? Well, why don't we 505 00:25:06,640 --> 00:25:09,639 Speaker 1: go build an electricity plant there, a nuclear power plant, 506 00:25:09,800 --> 00:25:12,119 Speaker 1: a gas substation, whatever it is. Well, it takes a 507 00:25:12,160 --> 00:25:15,240 Speaker 1: lot of money. It takes a lot of money, and 508 00:25:15,560 --> 00:25:19,320 Speaker 1: there's not enough demand to buy all that energy that 509 00:25:19,359 --> 00:25:22,280 Speaker 1: gets created. So who's going to go invest the money 510 00:25:22,359 --> 00:25:25,040 Speaker 1: to put that power plant in if there's nobody there 511 00:25:25,080 --> 00:25:27,080 Speaker 1: to use the energy. It's sort of like this Chicken 512 00:25:27,160 --> 00:25:30,520 Speaker 1: or the egg type of scenario. So here's where bitcoin 513 00:25:30,560 --> 00:25:33,680 Speaker 1: helps out. So I could go into this African nation 514 00:25:35,240 --> 00:25:37,680 Speaker 1: and build this hydro electric dam, which might cost you know, 515 00:25:37,680 --> 00:25:40,440 Speaker 1: one hundreds of millions of dollars, But who's going to 516 00:25:40,480 --> 00:25:42,680 Speaker 1: invest that money if there's no return. It could take 517 00:25:42,880 --> 00:25:47,439 Speaker 1: decades before enough people move into that region to buy 518 00:25:47,480 --> 00:25:49,320 Speaker 1: that electricity. So what they could do is they can 519 00:25:49,359 --> 00:25:53,679 Speaker 1: set that hydroelectric dam up today and today it can 520 00:25:53,720 --> 00:25:57,200 Speaker 1: be mining bitcoin and that gives the investors a return 521 00:25:57,280 --> 00:26:00,399 Speaker 1: on their money. Then slowly but surely, people start to 522 00:26:00,440 --> 00:26:04,640 Speaker 1: flock to that area, new towns, new commerce is set up, 523 00:26:04,720 --> 00:26:07,640 Speaker 1: there's people that are finally living there, buying electricity. At 524 00:26:07,640 --> 00:26:10,959 Speaker 1: some point there's enough demand from people and businesses, et 525 00:26:11,000 --> 00:26:13,359 Speaker 1: cetera to buy the electricity that the bitcoin mining just 526 00:26:13,400 --> 00:26:17,680 Speaker 1: shuts off. Now all those people are there, flourishing, having 527 00:26:17,720 --> 00:26:20,879 Speaker 1: their best life. They have hospitals now, and all because 528 00:26:20,920 --> 00:26:23,679 Speaker 1: it started because bitcoin was helped able to offset that. 529 00:26:24,800 --> 00:26:26,560 Speaker 1: Then bitcoin just moves to the next town and let's 530 00:26:26,560 --> 00:26:28,840 Speaker 1: set up power there, and then the same thing happens 531 00:26:29,000 --> 00:26:32,159 Speaker 1: as the people move there, as life flourishes, bitcoin mining 532 00:26:32,200 --> 00:26:34,960 Speaker 1: moves on to the next place that could never have 533 00:26:35,119 --> 00:26:40,000 Speaker 1: happened without it. Now again, but it wastes so much. 534 00:26:40,280 --> 00:26:44,679 Speaker 1: It uses electric uses less electricity than household clothes dryers 535 00:26:44,720 --> 00:26:48,679 Speaker 1: do in the United States. Why do you waste electricity 536 00:26:48,720 --> 00:26:50,320 Speaker 1: drying your clothes and a dryer? Why don't you just 537 00:26:50,359 --> 00:26:53,840 Speaker 1: hang them on a clothes line in your backyard. It 538 00:26:53,960 --> 00:26:56,760 Speaker 1: uses less electricity than YouTube uses for their servers. Why 539 00:26:56,800 --> 00:26:58,560 Speaker 1: are you watching all these videos online? What a waste 540 00:26:58,560 --> 00:27:04,479 Speaker 1: of time. You're starting to get the point now it 541 00:27:04,520 --> 00:27:08,399 Speaker 1: does more than just that. Now, what capitalism is and 542 00:27:08,720 --> 00:27:10,639 Speaker 1: this has people have this misunderstood, which is why I 543 00:27:10,640 --> 00:27:13,479 Speaker 1: wrote the book The Uncommunist Manifesto, which, by the way, 544 00:27:13,520 --> 00:27:15,639 Speaker 1: shameless plug. If you haven't bought it, you certainly should, 545 00:27:15,720 --> 00:27:19,439 Speaker 1: The Uncommunist Manifesto to try to help people understand this 546 00:27:19,440 --> 00:27:24,000 Speaker 1: a little bit better. But what capitalism is and isn't 547 00:27:24,119 --> 00:27:29,200 Speaker 1: is it's me using my resources to be more efficient. Right, 548 00:27:29,240 --> 00:27:31,720 Speaker 1: I want to better use my natural resources efficiently because 549 00:27:31,720 --> 00:27:35,080 Speaker 1: I understand they're scarce. That's what capitalism does. I'm gonna 550 00:27:35,080 --> 00:27:38,680 Speaker 1: come back. I'm gonna talk about more about that in detail, 551 00:27:38,800 --> 00:27:41,280 Speaker 1: you know, because it's important to understand this if you 552 00:27:41,359 --> 00:27:43,680 Speaker 1: want to get this right now. If you're just tuning in, 553 00:27:43,720 --> 00:27:45,879 Speaker 1: you're listening to the Mark Mass Show, we're talking about 554 00:27:46,240 --> 00:27:49,000 Speaker 1: they lying to you about bitcoin and so much more. 555 00:27:49,119 --> 00:27:50,280 Speaker 1: Be back with more a minute, don't go away, I 556 00:27:50,320 --> 00:27:53,239 Speaker 1: take a quick break. We're back. Hi, welcome back. If 557 00:27:53,240 --> 00:27:55,040 Speaker 1: you're just tune in, you're listening to the Mark Mass Show, 558 00:27:55,040 --> 00:27:58,359 Speaker 1: we're talking about the lies they've been telling to you 559 00:27:58,359 --> 00:28:01,560 Speaker 1: about bitcoin, specifically around bitcoin mining, and we've been breaking 560 00:28:01,560 --> 00:28:03,080 Speaker 1: them down one by one by one. We were just 561 00:28:03,119 --> 00:28:08,240 Speaker 1: talking about how it actually helps billions of people around 562 00:28:08,240 --> 00:28:11,280 Speaker 1: the world get energy and save them from this apocalyptic 563 00:28:11,440 --> 00:28:13,920 Speaker 1: life that they live today. But let's keep going, let's 564 00:28:13,960 --> 00:28:16,400 Speaker 1: talk about how it might actually I mean, that's great 565 00:28:16,400 --> 00:28:19,400 Speaker 1: for human flourishment. What about the environment, because supposedly it's 566 00:28:19,400 --> 00:28:21,800 Speaker 1: so bad for the environment, because apparently it uses so 567 00:28:21,880 --> 00:28:23,960 Speaker 1: much electricity, it's bad for the environment. I already broke 568 00:28:24,040 --> 00:28:27,320 Speaker 1: down how it's only using electricity that's already been made 569 00:28:28,160 --> 00:28:30,720 Speaker 1: and not being used. It's not doing anything that wasn't 570 00:28:30,760 --> 00:28:33,639 Speaker 1: already made, first of all. But what it's actually doing 571 00:28:33,920 --> 00:28:35,160 Speaker 1: is kind of going back to what I was saying 572 00:28:35,160 --> 00:28:38,920 Speaker 1: before the break. What capitalism does is capital and takes 573 00:28:39,080 --> 00:28:42,040 Speaker 1: private property and tries to use those those scarce resources 574 00:28:42,080 --> 00:28:46,480 Speaker 1: more efficiently. So it turns trash into treasure. Right kensy 575 00:28:46,480 --> 00:28:50,960 Speaker 1: and economics, When you print money, it creates waste, Capitalism 576 00:28:51,160 --> 00:28:56,200 Speaker 1: preserves it. Your company's profitability is the scorecard for how 577 00:28:56,240 --> 00:29:01,600 Speaker 1: efficient you are with your resources. So, for example, in 578 00:29:02,320 --> 00:29:07,200 Speaker 1: the United States, thankful to new technology that was called 579 00:29:07,360 --> 00:29:10,320 Speaker 1: fracking back in two thousand and eight, we discovered that 580 00:29:10,360 --> 00:29:12,920 Speaker 1: we can get more natural gas out of the ground 581 00:29:13,600 --> 00:29:16,880 Speaker 1: than we ever had imagined, and we have so much. 582 00:29:16,920 --> 00:29:19,400 Speaker 1: The United States has so much natural gas. It's so 583 00:29:19,560 --> 00:29:23,360 Speaker 1: abundant and so cheap that we don't even bother to 584 00:29:23,400 --> 00:29:26,000 Speaker 1: capture it. As a matter of fact, all throughout the 585 00:29:26,040 --> 00:29:29,160 Speaker 1: oil fields of the Midwest and the rest of the 586 00:29:29,240 --> 00:29:32,280 Speaker 1: US and into Canada, the natural gas comes out of 587 00:29:32,320 --> 00:29:34,200 Speaker 1: the out of an oil well. So they drove for oil. 588 00:29:34,320 --> 00:29:37,840 Speaker 1: Natural gas comes out of it. They don't even capture it. 589 00:29:37,840 --> 00:29:41,120 Speaker 1: It's worth so it's worth so little. It's so abundant 590 00:29:41,400 --> 00:29:45,200 Speaker 1: that it's not even captured. It's totally wasted. It's literally 591 00:29:45,280 --> 00:29:48,120 Speaker 1: just what they call vented. There's allowed to just seep. 592 00:29:48,160 --> 00:29:49,880 Speaker 1: It's just gas, right, so they allow it to vent 593 00:29:49,920 --> 00:29:52,880 Speaker 1: into the ecosystem, or they'll flare it where they'll actually 594 00:29:52,880 --> 00:29:54,760 Speaker 1: turn it on fire. And you might have seen pictures 595 00:29:54,760 --> 00:29:56,840 Speaker 1: like an oil field with like fire sticking them out 596 00:29:56,840 --> 00:29:59,920 Speaker 1: of these tubes. So they're either venting it or flaring. 597 00:30:00,120 --> 00:30:04,440 Speaker 1: That's waste. They're getting natural gas energy out of the 598 00:30:04,480 --> 00:30:09,080 Speaker 1: ground and literally lighting it on fire. That's wasting it. Right, 599 00:30:09,200 --> 00:30:11,720 Speaker 1: would you agree They've already done the work, it's already 600 00:30:11,720 --> 00:30:14,360 Speaker 1: coming out of the ground, and here they are either 601 00:30:14,640 --> 00:30:17,240 Speaker 1: letting it seep into the ecosystem or lighting on fire. Well, 602 00:30:18,560 --> 00:30:21,120 Speaker 1: what if we didn't waste it, what if we actually 603 00:30:21,160 --> 00:30:23,520 Speaker 1: captured it. Well, we don't capture it because, like I said, 604 00:30:23,600 --> 00:30:25,640 Speaker 1: the cost is too cheap at this point. But what 605 00:30:25,640 --> 00:30:27,520 Speaker 1: we can do, and what is being done has been 606 00:30:27,520 --> 00:30:29,840 Speaker 1: being done for a number of years now, is you 607 00:30:29,880 --> 00:30:31,920 Speaker 1: can go to these well heads where the natural gas 608 00:30:31,960 --> 00:30:34,320 Speaker 1: is coming off, and you can get a container full 609 00:30:34,320 --> 00:30:37,480 Speaker 1: of bitcoin mining computers and stick it at the wellhead 610 00:30:37,800 --> 00:30:41,480 Speaker 1: and run bitcoin mining. So a couple things happen. Now 611 00:30:41,520 --> 00:30:43,040 Speaker 1: you might say, well, why don't they just if they're 612 00:30:43,040 --> 00:30:44,480 Speaker 1: going to capture it there, why don't they just send 613 00:30:44,480 --> 00:30:47,360 Speaker 1: it to the pipeline. Because it's what we call stranded. 614 00:30:47,520 --> 00:30:50,680 Speaker 1: It's so far away from any infrastructure that it's not 615 00:30:50,840 --> 00:30:53,880 Speaker 1: profitable to capture it and bring it to the market 616 00:30:54,000 --> 00:30:56,400 Speaker 1: to run pipelines or whatever it is. And so there, 617 00:30:56,400 --> 00:30:58,560 Speaker 1: in this instance, the natural gas has been created, the 618 00:30:58,640 --> 00:31:01,240 Speaker 1: energy has been created. It's literally seeping into the ecosystem. 619 00:31:01,280 --> 00:31:04,480 Speaker 1: We're burning off, it's being wasted, and here they are 620 00:31:04,560 --> 00:31:08,400 Speaker 1: capturing it at the wellhead and turning it into economic power. 621 00:31:08,440 --> 00:31:12,720 Speaker 1: It's creating jobs, it's creating technology, it's creating economic activity 622 00:31:13,080 --> 00:31:15,080 Speaker 1: off of wasted energy. And it's not just that it's 623 00:31:15,240 --> 00:31:18,280 Speaker 1: using wasted energy. It's actually good for the environment. Because 624 00:31:18,520 --> 00:31:21,720 Speaker 1: if you're an environmentalist, then you probably believe that all 625 00:31:21,840 --> 00:31:25,840 Speaker 1: that gas seeping into the ecosystem isn't good methane gas 626 00:31:25,920 --> 00:31:28,480 Speaker 1: and whatever gas it has. So if they can capture 627 00:31:28,520 --> 00:31:31,160 Speaker 1: that and use it, it doesn't go into the environment. 628 00:31:31,440 --> 00:31:33,640 Speaker 1: So not only are they taking something that's already being 629 00:31:33,680 --> 00:31:36,880 Speaker 1: created and being wasted and utilizing it using the resources 630 00:31:36,880 --> 00:31:40,600 Speaker 1: more efficiently, they're actually saving it from going into the ecosystem, 631 00:31:40,720 --> 00:31:45,760 Speaker 1: which is good for the environment. Now that's one example 632 00:31:45,960 --> 00:31:48,720 Speaker 1: we've talked about, you know, starting entire new communities in 633 00:31:48,760 --> 00:31:51,960 Speaker 1: the poor and perverse nations that live in apocalyptic world. 634 00:31:52,080 --> 00:31:54,440 Speaker 1: But what about even in California where I mentioned how 635 00:31:54,440 --> 00:31:56,080 Speaker 1: the power grid goes down all the time, or in 636 00:31:56,880 --> 00:31:58,680 Speaker 1: Texas where the power grid is going out all the time. 637 00:31:58,880 --> 00:32:01,600 Speaker 1: What about places like that, Well, in California or Texas 638 00:32:01,680 --> 00:32:04,280 Speaker 1: or places where the power grid is weak, we obviously 639 00:32:04,360 --> 00:32:08,120 Speaker 1: don't have enough electricity. That's a problem, which is why 640 00:32:08,160 --> 00:32:11,800 Speaker 1: in California, which is leading the charge on moving everybody 641 00:32:11,880 --> 00:32:14,959 Speaker 1: to ev vehicles in the summer, when the power starts 642 00:32:15,000 --> 00:32:18,080 Speaker 1: going blackouts, they tell people not to charge their ev vehicles, 643 00:32:18,480 --> 00:32:24,000 Speaker 1: which is insane. So what happens is, obviously, obviously during 644 00:32:24,280 --> 00:32:28,720 Speaker 1: the peak times in California they need more electricity, obviously, right, 645 00:32:28,800 --> 00:32:32,480 Speaker 1: so they could build an additional power plant, but they 646 00:32:32,480 --> 00:32:34,840 Speaker 1: may not need that power plant to run all the time. 647 00:32:35,000 --> 00:32:37,920 Speaker 1: So in places not California, they're not very smart. But 648 00:32:37,960 --> 00:32:39,800 Speaker 1: in other places like Texas, they run what's called a 649 00:32:39,880 --> 00:32:42,760 Speaker 1: peaker plant. So a peaker plant means when you hit 650 00:32:42,840 --> 00:32:45,600 Speaker 1: peak energy use, when you have a massive demand of 651 00:32:45,720 --> 00:32:48,240 Speaker 1: energy use, you have this backup plant that can produce 652 00:32:48,280 --> 00:32:52,360 Speaker 1: even more electricity. The problem is that, as you might imagine, 653 00:32:52,400 --> 00:32:57,360 Speaker 1: it's very expensive to build an entire new power plant 654 00:32:57,560 --> 00:33:01,640 Speaker 1: that never gets used. Talk about waste. I mean talk 655 00:33:01,680 --> 00:33:04,560 Speaker 1: about waste. I think about all that they have to 656 00:33:04,600 --> 00:33:06,800 Speaker 1: you know, clear all the tractors that have to you know, 657 00:33:06,920 --> 00:33:10,080 Speaker 1: grade the land, bulldoze the land, all the equipment, all 658 00:33:10,120 --> 00:33:12,520 Speaker 1: the materials that go into building out these power plants, 659 00:33:12,560 --> 00:33:15,120 Speaker 1: all the all the oil, all the energy, all the 660 00:33:15,160 --> 00:33:18,800 Speaker 1: cement metal, all that build that entire power plant, all 661 00:33:18,840 --> 00:33:21,880 Speaker 1: the cost, effort, time, labor, energy, and then it just 662 00:33:21,920 --> 00:33:25,040 Speaker 1: sits there dormant most of the year, only comes on 663 00:33:25,760 --> 00:33:29,280 Speaker 1: at the point where that peak overload is needed, that's 664 00:33:29,280 --> 00:33:33,080 Speaker 1: a waste. Well, what could they do with that? Well, 665 00:33:33,080 --> 00:33:34,880 Speaker 1: they can't just turn it on because they don't have 666 00:33:34,920 --> 00:33:37,120 Speaker 1: a buyer for the electricity. They could run the peaker 667 00:33:37,120 --> 00:33:39,560 Speaker 1: plant all the time, but who's going to buy the energy. 668 00:33:39,600 --> 00:33:42,520 Speaker 1: There's nobody there to buy it. So it's a big problem. 669 00:33:43,280 --> 00:33:46,480 Speaker 1: But what they can do is they so then so 670 00:33:46,560 --> 00:33:48,360 Speaker 1: then you might imagine it's a big problems. So guess what, 671 00:33:48,360 --> 00:33:51,120 Speaker 1: they don't build peaker plants. So in places like California, 672 00:33:51,320 --> 00:33:53,120 Speaker 1: we just go without power when we need it the most, 673 00:33:53,640 --> 00:33:55,920 Speaker 1: when it's the hottest, you know, and you need your 674 00:33:55,960 --> 00:33:57,920 Speaker 1: ace to come on, or it's nighttime but you need 675 00:33:57,920 --> 00:33:59,080 Speaker 1: your lights to come on so your kids can do 676 00:33:59,120 --> 00:34:02,080 Speaker 1: their homework. Shut it off because we can't afford to 677 00:34:02,080 --> 00:34:04,360 Speaker 1: build the pecker plants. But what if you could build 678 00:34:04,400 --> 00:34:08,120 Speaker 1: a picker plant and use all that energy while it's 679 00:34:08,160 --> 00:34:11,560 Speaker 1: being idle to mine bitcoin. So now as an investor, 680 00:34:11,600 --> 00:34:13,799 Speaker 1: we can put up money. We could spend the money 681 00:34:13,840 --> 00:34:16,799 Speaker 1: for the picker plant. We can now make money back 682 00:34:16,840 --> 00:34:20,880 Speaker 1: by mining bitcoin, and when the peak that piker plant 683 00:34:20,960 --> 00:34:23,719 Speaker 1: energy is needed on the grid, we just turn off 684 00:34:23,760 --> 00:34:26,640 Speaker 1: the bitcoin mining and just let them use the extra power. 685 00:34:27,160 --> 00:34:29,480 Speaker 1: Think about that. So now we've solved the big problem. 686 00:34:29,600 --> 00:34:31,720 Speaker 1: But there's a big problem all throughout the United States 687 00:34:31,760 --> 00:34:34,640 Speaker 1: where there's problems with and having an electricity. The answer 688 00:34:34,640 --> 00:34:36,799 Speaker 1: would be built picker plants. The problem is it's not 689 00:34:37,000 --> 00:34:40,040 Speaker 1: economical to do so. And now it's fixed that problem, 690 00:34:42,280 --> 00:34:45,160 Speaker 1: they're starting to get the idea. The one thing I'm 691 00:34:45,200 --> 00:34:46,759 Speaker 1: just going to continue to pound into your head is 692 00:34:46,760 --> 00:34:50,560 Speaker 1: that it is not wasting energy. Bitcoin only uses energy 693 00:34:50,600 --> 00:34:53,760 Speaker 1: that's already being wasted. And the reason why is because 694 00:34:54,120 --> 00:34:56,960 Speaker 1: all economics is actually super simple. It's all boiled down 695 00:34:56,960 --> 00:35:00,000 Speaker 1: to supply and demand. In California, the reason why there's 696 00:35:00,120 --> 00:35:03,200 Speaker 1: know bitcoin mining is because the power is too expensive. 697 00:35:03,680 --> 00:35:06,160 Speaker 1: Why is it too expensive. There's more people that want 698 00:35:06,200 --> 00:35:10,600 Speaker 1: to buy electricity than there is electricity available. So in 699 00:35:10,640 --> 00:35:13,080 Speaker 1: the summer months in California, at the top end of 700 00:35:13,120 --> 00:35:17,320 Speaker 1: our tiered system, you might pay forty five cents per 701 00:35:17,440 --> 00:35:21,640 Speaker 1: kill a WoT hour forty five cents. Bitcoin mining can 702 00:35:21,680 --> 00:35:24,279 Speaker 1: only survive. To be competitive, you need to be like 703 00:35:24,680 --> 00:35:27,040 Speaker 1: below five cents, and really most of the big bitcoin 704 00:35:27,080 --> 00:35:30,279 Speaker 1: mining facilities are under three cents. Well, how the heck 705 00:35:30,320 --> 00:35:33,960 Speaker 1: can they find three cent power when California is forty five. 706 00:35:34,840 --> 00:35:39,239 Speaker 1: It's easy because they're only buying electricity that is already 707 00:35:39,280 --> 00:35:42,680 Speaker 1: being created and not being purchased. There's back to supplying demand. 708 00:35:42,840 --> 00:35:45,839 Speaker 1: There's more there's more supply than there is demand for it. 709 00:35:47,520 --> 00:35:54,400 Speaker 1: So bitcoin cannot waste energy. Bitcoin can only use energy 710 00:35:54,440 --> 00:35:58,799 Speaker 1: that's already going to be wasted. Now plugging in the 711 00:35:58,800 --> 00:36:02,720 Speaker 1: computers themselves, that doesn't release any emission. The whole argument 712 00:36:02,760 --> 00:36:08,439 Speaker 1: is about the energy overall, not about about creating the energy. 713 00:36:08,480 --> 00:36:10,680 Speaker 1: It's not about the actual computers running now. In a 714 00:36:10,719 --> 00:36:13,160 Speaker 1: lot of cases, what we're seeing now this is ingenius. 715 00:36:13,200 --> 00:36:16,880 Speaker 1: I met with a company who is in France, and 716 00:36:16,920 --> 00:36:19,600 Speaker 1: what they're doing is they're taking household appliances that already 717 00:36:19,680 --> 00:36:23,800 Speaker 1: use electricity, like, for example, space heaters. These use massive 718 00:36:23,800 --> 00:36:26,759 Speaker 1: amounts of electricity, and they're putting bitcoin mining into the 719 00:36:26,880 --> 00:36:29,480 Speaker 1: space heaters. So now I go to the store. I 720 00:36:29,480 --> 00:36:31,319 Speaker 1: can buy heater number one hundred bucks. I can buy 721 00:36:31,320 --> 00:36:33,319 Speaker 1: heater number two for a hundred bucks. But heater number 722 00:36:33,320 --> 00:36:36,120 Speaker 1: two gives me back twenty percent of my electricity bill 723 00:36:36,120 --> 00:36:39,920 Speaker 1: every single month. That's pretty good. It's offset electricity beal 724 00:36:39,960 --> 00:36:42,160 Speaker 1: I'm already going to buy the electricity. I'm already gonna 725 00:36:42,160 --> 00:36:44,200 Speaker 1: buy the heater, I'm already gonna heart my home. Why 726 00:36:44,239 --> 00:36:47,080 Speaker 1: not mine some bitcoin and get some money back. You're 727 00:36:47,080 --> 00:36:49,920 Speaker 1: starting to see how this works, and so they are 728 00:36:50,239 --> 00:36:54,520 Speaker 1: trying to spread this information for some other reason other 729 00:36:54,560 --> 00:36:57,160 Speaker 1: than energy. It's clearly not that. It's clearly not for 730 00:36:57,239 --> 00:37:00,120 Speaker 1: human flourishment. It's clearly not that. So what is it then? 731 00:37:00,400 --> 00:37:02,239 Speaker 1: Well then you have to go, well, shoot, they must 732 00:37:02,239 --> 00:37:04,359 Speaker 1: not want us to have our own money. Well then 733 00:37:04,400 --> 00:37:07,399 Speaker 1: why don't they want us to have our own money? 734 00:37:08,200 --> 00:37:10,320 Speaker 1: Now you're on the right path. You're asking the right questions. 735 00:37:10,520 --> 00:37:12,160 Speaker 1: I'll have to answer those on another time. If you're 736 00:37:12,160 --> 00:37:14,160 Speaker 1: just tuning, you're listening to the Mark Mos Show. We've 737 00:37:14,200 --> 00:37:19,600 Speaker 1: been talking about the latest breaking news in this decentralized revolution. 738 00:37:20,000 --> 00:37:21,640 Speaker 1: That's what we got today. Thanks so much for listening.