Speaker 1: Hello, and welcome to another episode of the Mark Moss Show,
Speaker 1: where we talk about, of course, the decentralized revolution, talking
Speaker 1: about the way the world is changing. Of course we
Speaker 1: look at it through the lens of politics, finance, and technology.
Speaker 1: Of course, we're talking about how the world has become
Speaker 1: more and more centralized over time, which of course you
Speaker 1: see with the World Economic Form and the UN and
Speaker 1: the WHO and the WTO and on and on and on, IMF, etc.
Speaker 1: And the world is now breaking apart moving to a
Speaker 1: decentralized world. And we look at it, like I said,
Speaker 1: through the lens of politics, finance, and technology, because it's
Speaker 1: always technology that changes the world. And that technology that's
Speaker 1: really driving massive change to the world right now is
Speaker 1: the decentralized technology of bitcoin. And we're going to talk
Speaker 1: about that today, and specifically, we're going to talk about
Speaker 1: how you've been lied to, they've been lying to you,
Speaker 1: and we're going to break down three ways that bitcoin
Speaker 1: mining actually helps the environment and not hurts it. So
Speaker 1: you've been lied to, You've been told that bitcoin is horrible,
Speaker 1: it's a waste. Charlie Munger says, it's rat poison. All
Speaker 1: these things we're going to say who are they? Who
Speaker 1: are they that have lied to you? Well, the media
Speaker 1: is lying to you. What is their role in all
Speaker 1: of this. We're going to look at the very actual
Speaker 1: specific lies that they've told you. We're going to break
Speaker 1: those down. We're going to look at why those things
Speaker 1: they've said are completely wrong that We're going to look
Speaker 1: at specific ways that actually bitcoin is good counter to
Speaker 1: what they've said. We'll look at it from the lens
Speaker 1: of climate, the energy grids that we have across the
Speaker 1: country and the world, and then overall freedom and just
Speaker 1: overall you know, human humanity, human flourishment. It's a pretty
Speaker 1: pretty big thing. We're going to look at like what
Speaker 1: are they hiding and why is this happening? The massive
Speaker 1: opportunity that sits on the side of this, and of
Speaker 1: course I want to give you some new mental models
Speaker 1: to help you think through this, because you know, the
Speaker 1: old problem was getting enough information. Today the problem is
Speaker 1: that we have so much information, how do we discern it?
Speaker 1: And how do you understand the truth when you have
Speaker 1: so much propaganda coming down from you know, parties who
Speaker 1: have a vested interest in getting you to think another position.
Speaker 1: So we're going to break all of that down and more.
Speaker 1: It's a big show, so don't go away. If you're
Speaker 1: just tuning in, you're listening to the Mark Moss Show. Now.
Speaker 1: If you do miss any of it, don't worry. I
Speaker 1: got your back. You can always catch me on the podcast.
Speaker 1: Just search your favorite podcast player for the Mark Moss Show,
Speaker 1: and of course follow along on social media. Hit me
Speaker 1: up on Twitter at one Mark Moss or on Instagram
Speaker 1: at Mark Moss on either on one of those platforms.
Speaker 1: I'm probably on there way too much and I'd love
Speaker 1: to hear from you. Let me know what you think
Speaker 1: about the show, what kind of topics would like be
Speaker 1: to cover, and so much more. And while I'm asking,
Speaker 1: let me just ask. Can I please ask for a favor,
Speaker 1: just one small little favorite if I've earned that hopefully,
Speaker 1: would you please on your favorite podcast app just leave
Speaker 1: me a review, hopefully a good review, but either way,
Speaker 1: leave me a review, give me some stars, tell me
Speaker 1: what you think about the show. That would really help
Speaker 1: me out so much, would be so much to me,
Speaker 1: and I'll keep doing the best that I can to
Speaker 1: bring you this information. So let's go ahead and just
Speaker 1: jump right into it. Like I said, we're talking about
Speaker 1: how they have been lying to you and actually how
Speaker 1: it's all wrong. So let's break that down. So who
Speaker 1: are they? First of all, now you hear that thrown
Speaker 1: around a lot, like they are trying to do this,
Speaker 1: They are trying to take away freedom, they are trying
Speaker 1: to push CBDC they like, And so who are they?
Speaker 1: That's always a question that we want to ask. Now,
Speaker 1: unfortunately we don't always know exactly who they are, and
Speaker 1: that's by design. I had a guest on my show,
Speaker 1: doctor Robert Malone. Some of you guys might have seen that,
Speaker 1: and doctor Robert Malone he got kind of came to
Speaker 1: prominence because he was the inventor of the mRNA vaccine,
Speaker 1: which of course I'm sure you're familiar with at this point.
Speaker 1: And you know, then he gained a lot of notoriety
Speaker 1: because he was kind of speaking against the mRNA vaccine
Speaker 1: during the pandemic, etc. I had him on my show
Speaker 1: not to talk about that. What we talked about is
Speaker 1: something called the fifth generation of warfare. And doctor Malone
Speaker 1: is an amazing person, overall amazing guest, because his role
Speaker 1: really in the medical field in establishing vaccines, et cetera,
Speaker 1: was he was a clinical researcher, and he wrote papers
Speaker 1: that were submitted for reviews, etc. So his skill is researching,
Speaker 1: looking through mountains of data, understanding it, and then synthesizing
Speaker 1: it into papers and getting those submitted into medical logs, etc.
Speaker 1: So that's his skill, and boy is it paying off
Speaker 1: his ability to do research and see these things as amazing.
Speaker 1: But anyway, I had them on my show and we
Speaker 1: talked about something again called the fifth Generation of Warfare.
Speaker 1: If you missed it, I'd highly recommend you go back
Speaker 1: and watch it again. Go back in the podcast, search
Speaker 1: back to Robert Malone Fifth Generation of Warfare, or you
Speaker 1: can catch it on YouTube. Just search Mark Moss, Robert Malone.
Speaker 1: You'll find it. But in this fifth Generation of Warfare,
Speaker 1: he basically talks about how the world has changed in
Speaker 1: its type of warfare and the world in the United States, etc.
Speaker 1: And really there's been five generations and I'm gonna break
Speaker 1: these down for you real quick so you can understand
Speaker 1: who they are. So in the first generation of warfare,
Speaker 1: you had you know, Mono Emano, you had man On Man. Right,
Speaker 1: I'm gonna come beat you up and take what you have.
Speaker 1: The second generation generation of warfare started to get a
Speaker 1: little bit more advanced. So then we start having like armies, right,
Speaker 1: So now we'd have armies that would meet each other
Speaker 1: on the battlefield and fight to the death or whatever
Speaker 1: until one side surrenders. The third generation of warfare is
Speaker 1: when we really started to get industrialization. So now we
Speaker 1: had aircraft carriers and jets and helicopters and tanks and
Speaker 1: all these things. And really that's when the United States
Speaker 1: really rose to prominence. So through World War One world
Speaker 1: War Two, those were both industrial led wars, so the
Speaker 1: US was able to out industrialize everybody else. We were
Speaker 1: able to make more war materials, more ships, more tanks,
Speaker 1: more bombs, etc. And we were able to dominate the
Speaker 1: world in that way. But then we went into the
Speaker 1: fourth generation of warfare. Now, the fourth generation of warfare
Speaker 1: really came out around the Vietnam War and it's continued
Speaker 1: on until now we're entering the fifth generation. But in
Speaker 1: the fourth generation of warfare, it was not any longer
Speaker 1: these massive armies or these massive industrialized armies, but instead
Speaker 1: it was in Vietnam, it was guerrilla warfare. So now
Speaker 1: was little groups attacking the one big group. And the
Speaker 1: problem with that was that you know, the US is
Speaker 1: this big, you know fighter, but then you have these small,
Speaker 1: little nimble fighters that come in and unfortunately, US didn't
Speaker 1: do too well over in Vietnam. The US didn't work
Speaker 1: in that type of warfare. As a matter of fact,
Speaker 1: per Malone's claims, I haven't actually gone back and verified
Speaker 1: this for myself, but it seems to be accurate. The
Speaker 1: United States has not won a war since we've moved
Speaker 1: into the fourth generation of warfare. They've never won a war.
Speaker 1: So what war have they won? I can't really think
Speaker 1: of one. We didn't win Vietnam, we didn't win after Iraq,
Speaker 1: we didn't have to win in Afghanistan. So we're not
Speaker 1: able to win that type of warfare. And now we're
Speaker 1: entering the fifth generation of warfare, and the fifth generation
Speaker 1: of warfare is now going into informational and psychological and
Speaker 1: even financial warfare. And it really signifies itself by having
Speaker 1: this nameless, faceless attack. So we all feel it. We
Speaker 1: can feel these things happening. We can feel the censorship,
Speaker 1: we can feel the manipulate, we can feel that we're
Speaker 1: being pitted against each other, but we don't know by
Speaker 1: who who is doing it, Where is it coming from,
Speaker 1: we don't know. And that's like this psychological warfare. So
Speaker 1: we feel the full court of press, but we don't
Speaker 1: know who it's coming from and where it's coming from.
Speaker 1: And again that's by design. That's the fifth generation of warfare. Again,
Speaker 1: go back and lists of the interview if you really
Speaker 1: want to dig into that. It's an amazing topic that
Speaker 1: we really dove deep into. But when we go back
Speaker 1: to asking the question who are they, we don't know.
Speaker 1: We don't know who they are, but we do know
Speaker 1: a few of the players. So for example, we know
Speaker 1: mainstream media's role in putting these lies out there, so
Speaker 1: we know that they are part of mainstream media. So
Speaker 1: for example, we have the New York Times, CNN, you know,
Speaker 1: Washington Post, Forbes, Atlantic Financial Times, etc. And so all
Speaker 1: of those mainstream outlets have sensationalized attacks on bitcoins, specifically
Speaker 1: around bitcoin's energy usage. We've seen numerous articles. I'm going
Speaker 1: to dig deep into some of these, but like some
Speaker 1: of the names of these articles they put out, for example,
Speaker 1: are like the real world costs of the digital race
Speaker 1: for Bitcoin. So just like think about that name that
Speaker 1: they put there, right, the real world costs for the
Speaker 1: digital race to bitcoin. Now, first of all, yes, there
Speaker 1: are costs. Everything in life has a cost benefit analysis.
Speaker 1: You do yourself no favor if you don't realize that
Speaker 1: everything in life has a cost to benefit analysis. It's
Speaker 1: pros and cons good and bad. Right, everything has that.
Speaker 1: In order for me to get a benefit, I must
Speaker 1: pay a cost. In order for me to get in shape,
Speaker 1: I must wake up on early and go do exercise. Right.
Speaker 1: In order for me to get in shape, I must
Speaker 1: pay the cost of you know, starving myself from sweets
Speaker 1: and snacks or whatever. Everything has a cost. Another one,
Speaker 1: bitcoin uses more electricity than many countries. How is that
Speaker 1: even possible? So very sensational and misleading. Yes, the price
Speaker 1: of bitcoin mining and more why bitcoin miners want to
Speaker 1: cast themselves as eco friendly. We can go on and
Speaker 1: on and on, but you can just tell by the
Speaker 1: title of these these these hit pieces, these propaganda pieces,
Speaker 1: you can already tell what their stance is. Of course,
Speaker 1: we've seen the government and the regulatory stance come out
Speaker 1: harsh against this as well, trying to look at that.
Speaker 1: And so we're going to talk more about what the
Speaker 1: government is actually said, what the Biden administration has actually said,
Speaker 1: what the competitor attacks are influencer attacks, but you know
Speaker 1: they're coming from all over the place, and it's really
Speaker 1: hard to understand what to do. It's hard to understand
Speaker 1: what to do with your money, and so much more.
Speaker 1: If you're just tuning in, you're listening to the Mark
Speaker 1: Mass Show talking about the lies they're feeding you and
Speaker 1: how they're all wrong about bitcoin mining and more. We're
Speaker 1: gonna be back with more a minute. I gotta take
Speaker 1: a quick break. Don't go away, I'll bear back, all right,
Speaker 1: Welcome back. If you're just tune in, you are listening
Speaker 1: to the Mark Mass Show, of course, always talking about
Speaker 1: the decentralized revolution. Right now we're talking about specifically the
Speaker 1: ways they and who they are lying to you about
Speaker 1: bitcoin and bitcoin mining and how it's all wrong and
Speaker 1: we can see through it by the thin veiled attacks
Speaker 1: that they're doing. So again we were talking about for
Speaker 1: understanding who they are is very difficult, but in this context,
Speaker 1: we know they are the people that are putting out
Speaker 1: these hit pieces. So I named the New York Times, CNN, Forbes, Atlantic,
Speaker 1: et cetera. But we also have the Biden administration. We
Speaker 1: know specifically that the Biden administration, Biden himself if he's
Speaker 1: capable of it, most likely it's the administration. Biden supposedly
Speaker 1: signed some executive orders mandating that the government start to
Speaker 1: do investigations and research into bitcoin and cryptocurrencies and things
Speaker 1: like that. They wanted to analyze the implications and the
Speaker 1: initiatives behind it. What's going on with it? Is it
Speaker 1: a thread, how can we take it over? How can
Speaker 1: we produce something better? And all these types of things. Now,
Speaker 1: in this economic report that Biden put together, you know,
Speaker 1: there was a lot of language in there. It was
Speaker 1: titled the Economic Report of the President, And like I said,
Speaker 1: they wanted to supposedly look at the potential benefits of it.
Speaker 1: Of course it's not really what they were doing. But
Speaker 1: what they really wanted to look at is is this
Speaker 1: a threat to our financial monopoly? Could it effectively replace
Speaker 1: what we're doing? Is there a way that we could
Speaker 1: stop it if we wanted to, Is there a way
Speaker 1: that we could you know, co opt it, take it over?
Speaker 1: Things like that. That's actually what they are taking a
Speaker 1: look at. We know that we've seen many other people
Speaker 1: in the Bide administration following suit. We know Elizabeth Warren,
Speaker 1: Senator Elizabeth Warren. I always think about what Trump calls her,
Speaker 1: Senator Elizabeth Warren. She is now heading up what she's
Speaker 1: calling the anti Crypto Army Anti Crypto. It's amazing an
Speaker 1: American the land of the Free and American politicians running
Speaker 1: on a platform to take away freedoms. It's pretty crazy.
Speaker 1: And then we have what we you know what we've
Speaker 1: been talking about Operation Choke Point, where they're literally choking
Speaker 1: out these legally recognized businesses, cutting access off to the
Speaker 1: financial system. So we've seen that. We've also seen influencer
Speaker 1: tax attacks really really stepped up. So you know, whether
Speaker 1: that's you know, Warren Buffett. They always love to go
Speaker 1: to Warren Buffett and his partner Charlie Munger and ask
Speaker 1: them what they think about bitcoin. And of course, you know,
Speaker 1: they're in their nineties. They've made billions of dollars off
Speaker 1: the legacy financial system. My guess is they sort of
Speaker 1: like the financial the legacy financial system because it's worked
Speaker 1: very well for them. My guess is they would like
Speaker 1: the legacy financial system to continue because they've got it
Speaker 1: dialed in and they've got it figured out, and they're
Speaker 1: so influential now that they get the government to do
Speaker 1: their bidding and they get to benefit from that. So
Speaker 1: my guess is that they wouldn't be very favorable to
Speaker 1: any type of competition for that. So one, let's let's
Speaker 1: let's let's let's lock these down. So rule number one,
Speaker 1: when you're looking at this type of information coming out,
Speaker 1: you always want to be able to think critically about it.
Speaker 1: So one, who is telling me this information? So in
Speaker 1: this case Munger and Buffett, who's telling me that? What
Speaker 1: potential interest or incentives would they have? Well, they have
Speaker 1: deep ties to the legacy financial system, as I said.
Speaker 1: And then we want to be able to look and
Speaker 1: we want to be able to separate fact from opinion.
Speaker 1: All right, So if I'm looking at this piece from
Speaker 1: the Washington Post, I know it's the Washington Post. I
Speaker 1: know they're basically a mouthpiece for the CIA. I know
Speaker 1: it's most likely going to be propaganda. So when I
Speaker 1: read this post, I'm going to already have that frame
Speaker 1: in my mind. Then as I'm reading the information, I
Speaker 1: want to say, what is fact in here? And what
Speaker 1: is opinion? If I was reading something from RT, it'd
Speaker 1: be like, well, this is a Russian mouthpiece, So now
Speaker 1: I need to be aware of their biases. And if
Speaker 1: I'm reading it from Charlie Munger and Warren Buffett, I
Speaker 1: need to know and be aware of their biases as well.
Speaker 1: And then I have to separate fact from fiction. So
Speaker 1: what does Warren Buffett say about bitcoin? He says bitcoin
Speaker 1: is so stupid. He says it's rat poison. Okay, well,
Speaker 1: that's not fact. There's no fact in that. That's his opinion.
Speaker 1: I don't even know what that means. I guess it's
Speaker 1: bad it kills rats, I mean whatever. So that's certainly opinion. Okay,
Speaker 1: so we know who he is, what his are, and
Speaker 1: that's his opinion. I don't really care about his opinion
Speaker 1: in this matter because it's so biased. Right. We know Gates.
Speaker 1: Bill Gates says that he was gifted some and he
Speaker 1: immediately sold it again. Another person who has a lot
Speaker 1: to gain by having the government to continue to take
Speaker 1: over more and more control and grant him and his
Speaker 1: businesses billions and billions of dollars. Elon Musk, he doesn't
Speaker 1: really understand it. He says that he doesn't like it
Speaker 1: because it's not mind of renewable energy. I think you
Speaker 1: know he had that problem because he's obviously trying to
Speaker 1: sell ev cars, trying to push this kind of renewable
Speaker 1: energy world, and so I think he kind of has
Speaker 1: to say that to sort of bow down to to
Speaker 1: his investors and so much more like that. But let's
Speaker 1: take a look at some of these lies that they've
Speaker 1: told us. So, for example, they say that the bitcoin
Speaker 1: uses so much energy it's going to put a strain
Speaker 1: on energy grids, so people all around the country, you
Speaker 1: aren't going to have enough electricity. It's going to push
Speaker 1: the prices up so high. It's going to put so
Speaker 1: much strain on the grids, the grids will come down
Speaker 1: and people won't have enough energy. Well, let's see how
Speaker 1: that works. So in California, for example, over the last
Speaker 1: six seven years, California has shut down two of their
Speaker 1: three nuclear reactors. We've shut down natural gas electricity plants
Speaker 1: to move to renewables. So we've been building more and
Speaker 1: more and renewables in California. But every summer we have
Speaker 1: rolling blackouts. The grid isn't able to manage that, and
Speaker 1: we continually have rolling blackouts during the summer. I personally
Speaker 1: just had solar panels put on my house, and we're
Speaker 1: putting a generator in so I don't have to worry
Speaker 1: about my power going out when we have roe blackouts anymore.
Speaker 1: But that's not because of bitcoin mining. As a matter
Speaker 1: of fact, there is no bitcoin mining in California. And
Speaker 1: the reason why there's no bitcoin mining in California is
Speaker 1: because the price of electricity is way too high. It's
Speaker 1: way too expensive, so no one comes here. So the grid,
Speaker 1: the grid has been weakened by policies that California put
Speaker 1: in place. The grid has been weakened by shutting down
Speaker 1: nuclear reactors. The grid has been trying to move reliable
Speaker 1: sorts of energy to move to unreliable sources of energy
Speaker 1: like wind and solar, and that has caused grid problems.
Speaker 1: Not bitcoin mining. Now we can see in Texas you
Speaker 1: might point to but Texas. Look at Texas. They have
Speaker 1: all these bitcoin miners there and now they're having problems
Speaker 1: with their with their grid. I know, I also have
Speaker 1: a place in Texas. I know this winter my power
Speaker 1: went out for six days because of an ice storm.
Speaker 1: I know the summer before, power went out because it
Speaker 1: was too hot. And is that because of bitcoin mining
Speaker 1: because there's so much there. But the grid has been
Speaker 1: imbalanced in Texas long before bitcoin mining. As a matter
Speaker 1: of fact, bitcoin mining is helping to balance that grid.
Speaker 1: As a matter of fact. What's happening is, you know
Speaker 1: you need with electricity, you need you need a couple things. Well,
Speaker 1: i'm gonna'm gonna'm I'll go I'm gonna break that down.
Speaker 1: But let's just let's just dive down a little bit more.
Speaker 1: I'm gonna break that down. We'll come back to that.
Speaker 1: We also have been told that bitcoin emits way too
Speaker 1: much carbon, it's bad for the climate. Well, first of all,
Speaker 1: let me say something controversial for you here. You may
Speaker 1: not like this. I don't even think that's a I
Speaker 1: don't even think that's real. I don't believe that the
Speaker 1: carbon is one single thermostat you can control the temperature
Speaker 1: of the world on. I think that well, I don't think,
Speaker 1: I know. Factually, empirical evidence tells us that as we've
Speaker 1: produced more carbon, as the temperature of the Earth has
Speaker 1: gone up in the laste hundred years. From nineteen twenty
Speaker 1: to twenty twenty, human flourishment that the temperature of the
Speaker 1: world has gone about one point two degrees in the
Speaker 1: last one hundred years, and human flourishment has never been better,
Speaker 1: Life expectancy has tripled, wealth has increased, everything has gotten
Speaker 1: better as the temperature has gotten warmer. Now, I don't
Speaker 1: believe that the carbon emissions alone drives the temperature, but
Speaker 1: we do know factually that as the temperature went up,
Speaker 1: human life got better. We produce more food than we've
Speaker 1: ever produced before. So I don't even like that one.
Speaker 1: And then we have the energy comparison, so it uses
Speaker 1: more than an entire country, and things like that. So
Speaker 1: I'm going to break down some of those myths. Letter
Speaker 1: leading with I'm going to break those down, and then
Speaker 1: of course we'll talk about what this means on the
Speaker 1: other side, the big opportunity it's there, and then again
Speaker 1: like mental frameworks to think through this. I'm going to
Speaker 1: take a quick break. If he's tune and you were
Speaker 1: listening to the Mark Moss Show, of course talking about
Speaker 1: the decentralized revolution. Today we're breaking down some of these
Speaker 1: attacks on the bitcoin mining network. Gonna be back with
Speaker 1: more in a minute. Don't go away, I'll be right back,
Speaker 1: all right, Welcome back. If you just tune in, you
Speaker 1: were listening to the Mark Moss Show. We're talking about
Speaker 1: they who are they spreading fud, spreading misinformation in mainstream media,
Speaker 1: attacking bitcoin, attacking I wouldn't say cryptocurrency, just really attacking
Speaker 1: bitcoin specifically around the energy, the energy aspect of it.
Speaker 1: You know, you'll notice that kind of going back to
Speaker 1: the intro. If you were here for the beginning, you
Speaker 1: heard me talking about the fifth generation of warfare, and
Speaker 1: then the fifth generation of warfare, it's really like I said,
Speaker 1: it's more psychological, information driven and money driven, and in
Speaker 1: that they use fear as a way to gain control. Right.
Speaker 1: So during the pandemic, Hey, the whole world's going to die,
Speaker 1: so we have to lock everybody down. If you give
Speaker 1: us all this power, we can save you. And part
Speaker 1: of this fifth generation of warfare is usually these psychological
Speaker 1: levers to gain control, and we don't know really know
Speaker 1: who they are. Right And if you think about it,
Speaker 1: you already start to see the World Health Organization, the UN,
Speaker 1: and the World Economic re Forum are all talking now
Speaker 1: about climate emergencies, climate emergencies, climate emergency. As a matter
Speaker 1: of fact, the Biden administration is on board with a
Speaker 1: new resolution that's been put forth that would give the
Speaker 1: US sovereignty over to the UN currently it's just a resolution,
Speaker 1: but it would give power over to the UN that
Speaker 1: they would have control over the entire world, over every nation,
Speaker 1: including the US because they've laid their sovereignty down, including
Speaker 1: the US in any type of global emergency. When you
Speaker 1: look at what type of global emergencies they are, one
Speaker 1: of those is climate climate emergency. Another one is a
Speaker 1: cyber emergency, so if like a bunch of networks go down,
Speaker 1: and so they would use these things to do that.
Speaker 1: And so climate seems to be the big thing. Even
Speaker 1: the World Health Organization now has the power to manage
Speaker 1: every country, include the US, based on a health emergency,
Speaker 1: and they could say that climate is a problem for
Speaker 1: health as well. All right, so just just pay attention
Speaker 1: for that. But let's just take a look at some
Speaker 1: of these things here if we really want to kind
Speaker 1: of break this down. So if we look at like
Speaker 1: some energy comparisons, for example, because they say that bitcoin
Speaker 1: uses way too much energy, but when you examine bitcoin's
Speaker 1: energy usage, first of all, it's nowhere near what they
Speaker 1: said it was going to be. So for example, their
Speaker 1: Newsweek ran article here when is this dated in twenty seventeen.
Speaker 1: In twenty seventeen, Newsweek rand articles said, quote, bitcoin mining
Speaker 1: is on track to consume all of the world's energy
Speaker 1: by twenty twenty, all of it. Well, here were twenty
Speaker 1: twenty three, three years past that date, five years, six
Speaker 1: years past the time they wrote this, three years past
Speaker 1: that date, and guess what, it's not even using even
Speaker 1: it's not even using a fraction of the world's energy,
Speaker 1: not even a fraction. Bitcoin only uses a fraction of
Speaker 1: the energy that's being wasted. Now what is wasted mean?
Speaker 1: So who's to say what a waste is? You might
Speaker 1: sit there and like to look out at the ocean
Speaker 1: for two hours a day, and I might go, what
Speaker 1: a waste you are wasting your time? You should be
Speaker 1: working on higher value tasks. But maybe that's prayer and
Speaker 1: meditation to you, and maybe that's super high value to you,
Speaker 1: and maybe that's what allows you to be such a
Speaker 1: high achiever. So who am I to say that you
Speaker 1: are wasting your time by doing prayer meditation. I may
Speaker 1: not like it, and that's okay, that's on me, But
Speaker 1: that's not a waste. You can choose how you want
Speaker 1: to use your time. I should be able to choose
Speaker 1: how I want to use my electricity. If I'm using electricity,
Speaker 1: it's not a waste. Now, I might say what a
Speaker 1: waste would be is, let's say that I had a
Speaker 1: bunch of meat in the in the freezer and I
Speaker 1: pull it out of the freezer. It would last for
Speaker 1: a long time in the freezer, but I pull it
Speaker 1: out and I cook it all because I have a
Speaker 1: bunch of people coming over and then nobody shows up.
Speaker 1: Now all that food is now wasted because I made
Speaker 1: it and now it has to go in the trash. Okay,
Speaker 1: So if we look at it from that perspective, don't
Speaker 1: we do is we look at the energy it's being used,
Speaker 1: and we go all around the world. Energy is being
Speaker 1: created and not used. No one's using it. It's made,
Speaker 1: but no one's using it. That is a waste. Now,
Speaker 1: if you use that food for like, if I fed
Speaker 1: my dog with it, or I fed a homeless person
Speaker 1: with it, or I've fed my neighbor with it, who
Speaker 1: are you to say it's a waste? Oh, how could
Speaker 1: you waste that good steak on your dog? Well, my
Speaker 1: dog has to eat something. It's not a waste for me.
Speaker 1: A lot of people feed their dog chicken or whatever, right,
Speaker 1: so who are you to say it's a waste. It's
Speaker 1: my food. I'll do what I want. But if I
Speaker 1: threw it in the trash, that's kind of a waste.
Speaker 1: And it goes back to the energy. Who's to say
Speaker 1: if you're using energy is a waste. But if I
Speaker 1: create it and it doesn't get consumed, that's a waste.
Speaker 1: And that's exactly what's happening. So bitcoin uses only a
Speaker 1: very small fraction of the energy that's already being created
Speaker 1: and not used. It's already been made, it's gonna go
Speaker 1: to waste. No one's using it, so bitcoin might as
Speaker 1: well use a little bit of that. And that's where
Speaker 1: really this big piece kicks in that people need to understand.
Speaker 1: And the reason why it's important to understand that is
Speaker 1: because this is what will allow for more human flourishment.
Speaker 1: What do I mean by that, Well, you might imagine
Speaker 1: it's not cheap to set up electricity. That's why most
Speaker 1: of the world doesn't have it. Now, the world of
Speaker 1: Comic Forum in the UN and the who want to
Speaker 1: paint this apocalyptic future, they say that if the word
Speaker 1: per the IPCC report was what they say per the
Speaker 1: IPC's report, the temperature of the world will go up
Speaker 1: by one point two degree celsius in the next hundred years. Okay,
Speaker 1: that's what the IPC report says, but they didn't say
Speaker 1: that the whole world is gonna end. They just said
Speaker 1: it's gonna go up. It's everybody else's extrapolating from that
Speaker 1: piece of data. But again, like I said earlier, if
Speaker 1: we look back empirically the last one hundred years, the
Speaker 1: temperature did go up one point two percent, and it's
Speaker 1: been better. But let's continue pulling on this for a second.
Speaker 1: So they said that that will happen, and so we
Speaker 1: must reduce the electricity because there will be apocalyptic future.
Speaker 1: But as my friend Alex Epstein, who wrote the book
Speaker 1: Fossil Future, likes to point out, for three billion people
Speaker 1: living today, it's already apocalyptic, whatever your vision is of apocalyptic,
Speaker 1: like this Mad Max scenario right where like these roving
Speaker 1: bands of people are roaming around looking for resources like
Speaker 1: food and gas. That's life for like three billion people
Speaker 1: right now today. They don't have it. There's babies that
Speaker 1: die every single day because they can't go to the
Speaker 1: their mother can't go to the hospital and have a
Speaker 1: sonogram or ultrasound. There's babies dying every single day because
Speaker 1: there's no electricity where they can put the baby into
Speaker 1: an incubator if they're born prematurely. In every single day,
Speaker 1: billions and billions of people are living in apocalyptic life
Speaker 1: because they don't have energy. Now, how could we fix that?
Speaker 1: How could we get them energy? Well, why don't we
Speaker 1: go build an electricity plant there, a nuclear power plant,
Speaker 1: a gas substation, whatever it is. Well, it takes a
Speaker 1: lot of money. It takes a lot of money, and
Speaker 1: there's not enough demand to buy all that energy that
Speaker 1: gets created. So who's going to go invest the money
Speaker 1: to put that power plant in if there's nobody there
Speaker 1: to use the energy. It's sort of like this Chicken
Speaker 1: or the egg type of scenario. So here's where bitcoin
Speaker 1: helps out. So I could go into this African nation
Speaker 1: and build this hydro electric dam, which might cost you know,
Speaker 1: one hundreds of millions of dollars, But who's going to
Speaker 1: invest that money if there's no return. It could take
Speaker 1: decades before enough people move into that region to buy
Speaker 1: that electricity. So what they could do is they can
Speaker 1: set that hydroelectric dam up today and today it can
Speaker 1: be mining bitcoin and that gives the investors a return
Speaker 1: on their money. Then slowly but surely, people start to
Speaker 1: flock to that area, new towns, new commerce is set up,
Speaker 1: there's people that are finally living there, buying electricity. At
Speaker 1: some point there's enough demand from people and businesses, et
Speaker 1: cetera to buy the electricity that the bitcoin mining just
Speaker 1: shuts off. Now all those people are there, flourishing, having
Speaker 1: their best life. They have hospitals now, and all because
Speaker 1: it started because bitcoin was helped able to offset that.
Speaker 1: Then bitcoin just moves to the next town and let's
Speaker 1: set up power there, and then the same thing happens
Speaker 1: as the people move there, as life flourishes, bitcoin mining
Speaker 1: moves on to the next place that could never have
Speaker 1: happened without it. Now again, but it wastes so much.
Speaker 1: It uses electric uses less electricity than household clothes dryers
Speaker 1: do in the United States. Why do you waste electricity
Speaker 1: drying your clothes and a dryer? Why don't you just
Speaker 1: hang them on a clothes line in your backyard. It
Speaker 1: uses less electricity than YouTube uses for their servers. Why
Speaker 1: are you watching all these videos online? What a waste
Speaker 1: of time. You're starting to get the point now it
Speaker 1: does more than just that. Now, what capitalism is and
Speaker 1: this has people have this misunderstood, which is why I
Speaker 1: wrote the book The Uncommunist Manifesto, which, by the way,
Speaker 1: shameless plug. If you haven't bought it, you certainly should,
Speaker 1: The Uncommunist Manifesto to try to help people understand this
Speaker 1: a little bit better. But what capitalism is and isn't
Speaker 1: is it's me using my resources to be more efficient. Right,
Speaker 1: I want to better use my natural resources efficiently because
Speaker 1: I understand they're scarce. That's what capitalism does. I'm gonna
Speaker 1: come back. I'm gonna talk about more about that in detail,
Speaker 1: you know, because it's important to understand this if you
Speaker 1: want to get this right now. If you're just tuning in,
Speaker 1: you're listening to the Mark Mass Show, we're talking about
Speaker 1: they lying to you about bitcoin and so much more.
Speaker 1: Be back with more a minute, don't go away, I
Speaker 1: take a quick break. We're back. Hi, welcome back. If
Speaker 1: you're just tune in, you're listening to the Mark Mass Show,
Speaker 1: we're talking about the lies they've been telling to you
Speaker 1: about bitcoin, specifically around bitcoin mining, and we've been breaking
Speaker 1: them down one by one by one. We were just
Speaker 1: talking about how it actually helps billions of people around
Speaker 1: the world get energy and save them from this apocalyptic
Speaker 1: life that they live today. But let's keep going, let's
Speaker 1: talk about how it might actually I mean, that's great
Speaker 1: for human flourishment. What about the environment, because supposedly it's
Speaker 1: so bad for the environment, because apparently it uses so
Speaker 1: much electricity, it's bad for the environment. I already broke
Speaker 1: down how it's only using electricity that's already been made
Speaker 1: and not being used. It's not doing anything that wasn't
Speaker 1: already made, first of all. But what it's actually doing
Speaker 1: is kind of going back to what I was saying
Speaker 1: before the break. What capitalism does is capital and takes
Speaker 1: private property and tries to use those those scarce resources
Speaker 1: more efficiently. So it turns trash into treasure. Right kensy
Speaker 1: and economics, When you print money, it creates waste, Capitalism
Speaker 1: preserves it. Your company's profitability is the scorecard for how
Speaker 1: efficient you are with your resources. So, for example, in
Speaker 1: the United States, thankful to new technology that was called
Speaker 1: fracking back in two thousand and eight, we discovered that
Speaker 1: we can get more natural gas out of the ground
Speaker 1: than we ever had imagined, and we have so much.
Speaker 1: The United States has so much natural gas. It's so
Speaker 1: abundant and so cheap that we don't even bother to
Speaker 1: capture it. As a matter of fact, all throughout the
Speaker 1: oil fields of the Midwest and the rest of the
Speaker 1: US and into Canada, the natural gas comes out of
Speaker 1: the out of an oil well. So they drove for oil.
Speaker 1: Natural gas comes out of it. They don't even capture it.
Speaker 1: It's worth so it's worth so little. It's so abundant
Speaker 1: that it's not even captured. It's totally wasted. It's literally
Speaker 1: just what they call vented. There's allowed to just seep.
Speaker 1: It's just gas, right, so they allow it to vent
Speaker 1: into the ecosystem, or they'll flare it where they'll actually
Speaker 1: turn it on fire. And you might have seen pictures
Speaker 1: like an oil field with like fire sticking them out
Speaker 1: of these tubes. So they're either venting it or flaring.
Speaker 1: That's waste. They're getting natural gas energy out of the
Speaker 1: ground and literally lighting it on fire. That's wasting it. Right,
Speaker 1: would you agree They've already done the work, it's already
Speaker 1: coming out of the ground, and here they are either
Speaker 1: letting it seep into the ecosystem or lighting on fire. Well,
Speaker 1: what if we didn't waste it, what if we actually
Speaker 1: captured it. Well, we don't capture it because, like I said,
Speaker 1: the cost is too cheap at this point. But what
Speaker 1: we can do, and what is being done has been
Speaker 1: being done for a number of years now, is you
Speaker 1: can go to these well heads where the natural gas
Speaker 1: is coming off, and you can get a container full
Speaker 1: of bitcoin mining computers and stick it at the wellhead
Speaker 1: and run bitcoin mining. So a couple things happen. Now
Speaker 1: you might say, well, why don't they just if they're
Speaker 1: going to capture it there, why don't they just send
Speaker 1: it to the pipeline. Because it's what we call stranded.
Speaker 1: It's so far away from any infrastructure that it's not
Speaker 1: profitable to capture it and bring it to the market
Speaker 1: to run pipelines or whatever it is. And so there,
Speaker 1: in this instance, the natural gas has been created, the
Speaker 1: energy has been created. It's literally seeping into the ecosystem.
Speaker 1: We're burning off, it's being wasted, and here they are
Speaker 1: capturing it at the wellhead and turning it into economic power.
Speaker 1: It's creating jobs, it's creating technology, it's creating economic activity
Speaker 1: off of wasted energy. And it's not just that it's
Speaker 1: using wasted energy. It's actually good for the environment. Because
Speaker 1: if you're an environmentalist, then you probably believe that all
Speaker 1: that gas seeping into the ecosystem isn't good methane gas
Speaker 1: and whatever gas it has. So if they can capture
Speaker 1: that and use it, it doesn't go into the environment.
Speaker 1: So not only are they taking something that's already being
Speaker 1: created and being wasted and utilizing it using the resources
Speaker 1: more efficiently, they're actually saving it from going into the ecosystem,
Speaker 1: which is good for the environment. Now that's one example
Speaker 1: we've talked about, you know, starting entire new communities in
Speaker 1: the poor and perverse nations that live in apocalyptic world.
Speaker 1: But what about even in California where I mentioned how
Speaker 1: the power grid goes down all the time, or in
Speaker 1: Texas where the power grid is going out all the time.
Speaker 1: What about places like that, Well, in California or Texas
Speaker 1: or places where the power grid is weak, we obviously
Speaker 1: don't have enough electricity. That's a problem, which is why
Speaker 1: in California, which is leading the charge on moving everybody
Speaker 1: to ev vehicles in the summer, when the power starts
Speaker 1: going blackouts, they tell people not to charge their ev vehicles,
Speaker 1: which is insane. So what happens is, obviously, obviously during
Speaker 1: the peak times in California they need more electricity, obviously, right,
Speaker 1: so they could build an additional power plant, but they
Speaker 1: may not need that power plant to run all the time.
Speaker 1: So in places not California, they're not very smart. But
Speaker 1: in other places like Texas, they run what's called a
Speaker 1: peaker plant. So a peaker plant means when you hit
Speaker 1: peak energy use, when you have a massive demand of
Speaker 1: energy use, you have this backup plant that can produce
Speaker 1: even more electricity. The problem is that, as you might imagine,
Speaker 1: it's very expensive to build an entire new power plant
Speaker 1: that never gets used. Talk about waste. I mean talk
Speaker 1: about waste. I think about all that they have to
Speaker 1: you know, clear all the tractors that have to you know,
Speaker 1: grade the land, bulldoze the land, all the equipment, all
Speaker 1: the materials that go into building out these power plants,
Speaker 1: all the all the oil, all the energy, all the
Speaker 1: cement metal, all that build that entire power plant, all
Speaker 1: the cost, effort, time, labor, energy, and then it just
Speaker 1: sits there dormant most of the year, only comes on
Speaker 1: at the point where that peak overload is needed, that's
Speaker 1: a waste. Well, what could they do with that? Well,
Speaker 1: they can't just turn it on because they don't have
Speaker 1: a buyer for the electricity. They could run the peaker
Speaker 1: plant all the time, but who's going to buy the energy.
Speaker 1: There's nobody there to buy it. So it's a big problem.
Speaker 1: But what they can do is they so then so
Speaker 1: then you might imagine it's a big problems. So guess what,
Speaker 1: they don't build peaker plants. So in places like California,
Speaker 1: we just go without power when we need it the most,
Speaker 1: when it's the hottest, you know, and you need your
Speaker 1: ace to come on, or it's nighttime but you need
Speaker 1: your lights to come on so your kids can do
Speaker 1: their homework. Shut it off because we can't afford to
Speaker 1: build the pecker plants. But what if you could build
Speaker 1: a picker plant and use all that energy while it's
Speaker 1: being idle to mine bitcoin. So now as an investor,
Speaker 1: we can put up money. We could spend the money
Speaker 1: for the picker plant. We can now make money back
Speaker 1: by mining bitcoin, and when the peak that piker plant
Speaker 1: energy is needed on the grid, we just turn off
Speaker 1: the bitcoin mining and just let them use the extra power.
Speaker 1: Think about that. So now we've solved the big problem.
Speaker 1: But there's a big problem all throughout the United States
Speaker 1: where there's problems with and having an electricity. The answer
Speaker 1: would be built picker plants. The problem is it's not
Speaker 1: economical to do so. And now it's fixed that problem,
Speaker 1: they're starting to get the idea. The one thing I'm
Speaker 1: just going to continue to pound into your head is
Speaker 1: that it is not wasting energy. Bitcoin only uses energy
Speaker 1: that's already being wasted. And the reason why is because
Speaker 1: all economics is actually super simple. It's all boiled down
Speaker 1: to supply and demand. In California, the reason why there's
Speaker 1: know bitcoin mining is because the power is too expensive.
Speaker 1: Why is it too expensive. There's more people that want
Speaker 1: to buy electricity than there is electricity available. So in
Speaker 1: the summer months in California, at the top end of
Speaker 1: our tiered system, you might pay forty five cents per
Speaker 1: kill a WoT hour forty five cents. Bitcoin mining can
Speaker 1: only survive. To be competitive, you need to be like
Speaker 1: below five cents, and really most of the big bitcoin
Speaker 1: mining facilities are under three cents. Well, how the heck
Speaker 1: can they find three cent power when California is forty five.
Speaker 1: It's easy because they're only buying electricity that is already
Speaker 1: being created and not being purchased. There's back to supplying demand.
Speaker 1: There's more there's more supply than there is demand for it.
Speaker 1: So bitcoin cannot waste energy. Bitcoin can only use energy
Speaker 1: that's already going to be wasted. Now plugging in the
Speaker 1: computers themselves, that doesn't release any emission. The whole argument
Speaker 1: is about the energy overall, not about about creating the energy.
Speaker 1: It's not about the actual computers running now. In a
Speaker 1: lot of cases, what we're seeing now this is ingenius.
Speaker 1: I met with a company who is in France, and
Speaker 1: what they're doing is they're taking household appliances that already
Speaker 1: use electricity, like, for example, space heaters. These use massive
Speaker 1: amounts of electricity, and they're putting bitcoin mining into the
Speaker 1: space heaters. So now I go to the store. I
Speaker 1: can buy heater number one hundred bucks. I can buy
Speaker 1: heater number two for a hundred bucks. But heater number
Speaker 1: two gives me back twenty percent of my electricity bill
Speaker 1: every single month. That's pretty good. It's offset electricity beal
Speaker 1: I'm already going to buy the electricity. I'm already gonna
Speaker 1: buy the heater, I'm already gonna heart my home. Why
Speaker 1: not mine some bitcoin and get some money back. You're
Speaker 1: starting to see how this works, and so they are
Speaker 1: trying to spread this information for some other reason other
Speaker 1: than energy. It's clearly not that. It's clearly not for
Speaker 1: human flourishment. It's clearly not that. So what is it then?
Speaker 1: Well then you have to go, well, shoot, they must
Speaker 1: not want us to have our own money. Well then
Speaker 1: why don't they want us to have our own money?
Speaker 1: Now you're on the right path. You're asking the right questions.
Speaker 1: I'll have to answer those on another time. If you're
Speaker 1: just tuning, you're listening to the Mark Mos Show. We've
Speaker 1: been talking about the latest breaking news in this decentralized revolution.
Speaker 1: That's what we got today. Thanks so much for listening.