1 00:00:00,040 --> 00:00:02,160 Speaker 1: All right, welcome back. You are listening to the Mark 2 00:00:02,240 --> 00:00:05,760 Speaker 1: mo Show, and we are talking about bitcoin and the 3 00:00:05,920 --> 00:00:11,160 Speaker 1: decentralized revolution. I'm talking about a technological revolution that will 4 00:00:11,240 --> 00:00:14,520 Speaker 1: literally change the world, the largest opportunity that the largest 5 00:00:14,560 --> 00:00:17,640 Speaker 1: wealth transfer will ever see, and it will change every 6 00:00:17,680 --> 00:00:20,479 Speaker 1: area of life. Now, we are talking about a lot 7 00:00:20,520 --> 00:00:22,680 Speaker 1: of different things, and I wanted to get into specifically 8 00:00:22,880 --> 00:00:27,159 Speaker 1: on some of the things about perception and education. The 9 00:00:27,200 --> 00:00:29,360 Speaker 1: reason why I want to talk about that specifically is 10 00:00:29,400 --> 00:00:31,920 Speaker 1: because I believe that education is at the bottom of 11 00:00:32,040 --> 00:00:35,319 Speaker 1: almost everything in life. And so the problems with our 12 00:00:35,320 --> 00:00:38,159 Speaker 1: health is we're not educated properly. The problems with our 13 00:00:38,159 --> 00:00:41,599 Speaker 1: money is we're not educated properly. And I'm joined here 14 00:00:41,640 --> 00:00:44,559 Speaker 1: in the studio with my friend Brad, who just recently 15 00:00:44,680 --> 00:00:48,440 Speaker 1: ran a poll and he wanted to find out what 16 00:00:48,800 --> 00:00:53,400 Speaker 1: people thought of the financial system, money, bitcoin, etcetera. What 17 00:00:53,479 --> 00:00:58,320 Speaker 1: the differences were with demographics, ages, education levels and so forth. 18 00:00:58,360 --> 00:01:01,920 Speaker 1: And I was pretty mazed at the findings that were there, 19 00:01:02,240 --> 00:01:03,880 Speaker 1: and I want to go over I'm so Brad, thanks 20 00:01:03,920 --> 00:01:06,520 Speaker 1: so much for joining me today. You're welcome, sir, Thank 21 00:01:06,560 --> 00:01:10,280 Speaker 1: you for inviting me on. Yeah, so um, I thought 22 00:01:10,280 --> 00:01:12,000 Speaker 1: it was just so cool the way that you did it, 23 00:01:12,200 --> 00:01:15,520 Speaker 1: and um, really trying to understand I guess what people 24 00:01:15,560 --> 00:01:20,119 Speaker 1: were thinking and then kind of break them down by age, group, sex, etcetera. Um, 25 00:01:20,160 --> 00:01:22,440 Speaker 1: I guess give me a little bit more background onto 26 00:01:22,480 --> 00:01:24,000 Speaker 1: what it is that you were trying to do here 27 00:01:24,160 --> 00:01:27,400 Speaker 1: and what or what you did. Um. Yeah, man, Well, 28 00:01:27,480 --> 00:01:32,200 Speaker 1: so I am a bitcoin evangelists, and I think of 29 00:01:32,240 --> 00:01:36,920 Speaker 1: myself as a beginner mind type of person. I like 30 00:01:37,040 --> 00:01:39,080 Speaker 1: to put myself in the shoes of a normal person, 31 00:01:39,480 --> 00:01:42,600 Speaker 1: even though I've been in bitcoin since two thousand eleven. Um, 32 00:01:42,720 --> 00:01:45,920 Speaker 1: so maybe I'm not in the in the same like 33 00:01:46,400 --> 00:01:49,600 Speaker 1: newby mind as someone coming to bitcoin in two thousand 34 00:01:49,680 --> 00:01:52,120 Speaker 1: twenty one, but I want to understand the newbie mind. 35 00:01:53,000 --> 00:02:00,280 Speaker 1: So I ran this survey too kind of confirm some 36 00:02:00,360 --> 00:02:03,920 Speaker 1: things that I had assumptions on about what people think 37 00:02:03,960 --> 00:02:06,840 Speaker 1: about the money system, what people think about the stock market, 38 00:02:06,960 --> 00:02:10,440 Speaker 1: what people think about bitcoin, just just to get a 39 00:02:10,520 --> 00:02:13,960 Speaker 1: kind of an idea of what the different economic classes 40 00:02:14,280 --> 00:02:17,320 Speaker 1: and uh, you know, men versus women things like that 41 00:02:17,440 --> 00:02:21,960 Speaker 1: thought about bitcoin and the money system, and uh, we 42 00:02:22,040 --> 00:02:25,240 Speaker 1: all have our our like suspicions of what everybody thinks 43 00:02:25,280 --> 00:02:27,799 Speaker 1: and how people are educated on the financial system and 44 00:02:27,840 --> 00:02:30,200 Speaker 1: the money system. But it's good to kind of get 45 00:02:30,240 --> 00:02:32,680 Speaker 1: some confirmations and discover some new stuff. So that's why 46 00:02:32,960 --> 00:02:36,120 Speaker 1: I had this survey run, so that I could kind 47 00:02:36,120 --> 00:02:39,000 Speaker 1: of like have a bit more insight into maybe some 48 00:02:39,040 --> 00:02:41,240 Speaker 1: of the assumptions we have are wrong or maybe they 49 00:02:41,240 --> 00:02:43,800 Speaker 1: are all right. So yeah, that was the motivation, just 50 00:02:43,840 --> 00:02:46,560 Speaker 1: to kind of like test the hypothesis that like, say, 51 00:02:46,639 --> 00:02:49,520 Speaker 1: boomers just don't get bitcoin, or like women are so 52 00:02:49,600 --> 00:02:52,160 Speaker 1: conservative that they won't invest in bitcoin, or you know, 53 00:02:52,200 --> 00:02:54,520 Speaker 1: why are there's so many white males and bitcoin, Like 54 00:02:54,760 --> 00:02:57,760 Speaker 1: there's all these different things that go around in bitcoin. 55 00:02:57,880 --> 00:03:00,640 Speaker 1: It's like why do different groups think about the money 56 00:03:00,639 --> 00:03:03,320 Speaker 1: system different ways? And how do they instinctively think about it? 57 00:03:03,800 --> 00:03:05,960 Speaker 1: And they and and use that data so that we, 58 00:03:06,080 --> 00:03:10,240 Speaker 1: as bitcoin evangelists can craft our message to appeal to 59 00:03:10,280 --> 00:03:14,000 Speaker 1: the different groups of people to better educate them on 60 00:03:14,040 --> 00:03:16,799 Speaker 1: what bitcoin really is and how the money system is 61 00:03:16,840 --> 00:03:20,480 Speaker 1: screwing everybody. I I a couple of things were standing 62 00:03:20,520 --> 00:03:22,520 Speaker 1: out to be before you came on. While we're waiting 63 00:03:22,520 --> 00:03:24,880 Speaker 1: for you, I was chatting with my producer and engineer, 64 00:03:25,320 --> 00:03:28,720 Speaker 1: and um, I just uh, I asked him just a 65 00:03:28,720 --> 00:03:31,839 Speaker 1: couple of couple of questions. UM, and uh, the one 66 00:03:31,919 --> 00:03:35,320 Speaker 1: question was just what backs the U. S Dollar? What's 67 00:03:35,320 --> 00:03:36,760 Speaker 1: it backed by? That was like one of the questions 68 00:03:36,760 --> 00:03:38,760 Speaker 1: that you had. And uh, I'm not going to call 69 00:03:38,840 --> 00:03:40,360 Speaker 1: him up by name, but let's just say that both 70 00:03:40,360 --> 00:03:42,760 Speaker 1: of them got it wrong. So UM, that was that 71 00:03:42,880 --> 00:03:45,360 Speaker 1: was pretty telling, you know. UM, but I love the 72 00:03:45,400 --> 00:03:48,520 Speaker 1: way that you put this together by um one obviously 73 00:03:48,560 --> 00:03:52,320 Speaker 1: breaking them down by socio economic factors, ages, etcetera. But 74 00:03:52,480 --> 00:03:55,680 Speaker 1: also I love that way that you basically run them 75 00:03:55,720 --> 00:03:58,320 Speaker 1: through a set of questions and then by the time 76 00:03:58,400 --> 00:04:01,160 Speaker 1: that you've finished showing and then the answers to those 77 00:04:01,240 --> 00:04:03,920 Speaker 1: questions that you said, a large, large percentage of the 78 00:04:04,360 --> 00:04:06,840 Speaker 1: people that went through the poll actually had changed their mind. 79 00:04:08,200 --> 00:04:10,200 Speaker 1: Is that right? Yeah? That was the kind of initial 80 00:04:10,280 --> 00:04:13,280 Speaker 1: basis of it was like Ron Paul does this thing 81 00:04:13,320 --> 00:04:16,280 Speaker 1: on Twitter every year for since two thousands seventeen or 82 00:04:16,360 --> 00:04:19,760 Speaker 1: so where he posits the question on Twitter and puts 83 00:04:19,800 --> 00:04:21,560 Speaker 1: a little pole up. Now. I don't know if it's 84 00:04:21,600 --> 00:04:24,599 Speaker 1: Ron Paul or his marketing media media manager guy whatever, 85 00:04:24,640 --> 00:04:27,560 Speaker 1: but like Ron Paul's Twitter account, let's say, puts this 86 00:04:27,640 --> 00:04:31,040 Speaker 1: poll out where it says, if you were given a 87 00:04:31,120 --> 00:04:35,360 Speaker 1: windfall of cash, but or sorry, a windfall of ten 88 00:04:35,440 --> 00:04:38,560 Speaker 1: thousand dollars, but you had to choose to keep it 89 00:04:39,240 --> 00:04:42,440 Speaker 1: in somewhere for ten years. What would you choose? Would 90 00:04:42,480 --> 00:04:46,640 Speaker 1: you choose gold? Cash? Um? And I think that he 91 00:04:46,680 --> 00:04:49,320 Speaker 1: said bonds and bitcoin? Like it was basically like giving 92 00:04:49,360 --> 00:04:51,640 Speaker 1: people four options. If you had ten years, someone rich 93 00:04:51,680 --> 00:04:54,360 Speaker 1: relative gives you some money whatever it is, but you 94 00:04:54,440 --> 00:04:55,800 Speaker 1: got to leave it there for ten years, what are 95 00:04:55,800 --> 00:04:59,320 Speaker 1: you gonna choose? And uh, he runs the survey every 96 00:04:59,400 --> 00:05:05,400 Speaker 1: year and it's cool. It's a cool concept. So I thought, well, 97 00:05:05,440 --> 00:05:07,919 Speaker 1: I'd like to get a real survey done where we 98 00:05:07,960 --> 00:05:10,640 Speaker 1: ask people that question and then we take them through 99 00:05:10,680 --> 00:05:13,160 Speaker 1: a series of education about the financial system, and then 100 00:05:13,200 --> 00:05:15,560 Speaker 1: at the end ask them the same question again and 101 00:05:15,640 --> 00:05:18,440 Speaker 1: measure what the differences between people at the beginning who 102 00:05:18,440 --> 00:05:20,840 Speaker 1: would say cash, and then people at the end who 103 00:05:20,839 --> 00:05:24,760 Speaker 1: would drop cash for a bitcoin. Yeah. Yeah, so that's 104 00:05:24,760 --> 00:05:26,600 Speaker 1: like kind of the first question that you open up with, 105 00:05:26,640 --> 00:05:29,080 Speaker 1: which was so cool. By the way, you're listening to 106 00:05:29,080 --> 00:05:31,919 Speaker 1: the Mark Mo Show, we're talking about bitcoin, the decentralized Revolution. 107 00:05:32,000 --> 00:05:34,400 Speaker 1: I'm with Brad Mills. Uh. You can find them on 108 00:05:34,440 --> 00:05:38,560 Speaker 1: Twitter at Brad Mills can M I L L S 109 00:05:38,640 --> 00:05:41,400 Speaker 1: can so follow him on Twitter ask him some questions 110 00:05:41,400 --> 00:05:44,239 Speaker 1: about this if you want. But in that question, basically 111 00:05:44,240 --> 00:05:46,560 Speaker 1: what you just kind of framed up you would ask, um, 112 00:05:46,600 --> 00:05:49,840 Speaker 1: if a wealthy person were to gift you ten tho dollars, uh, 113 00:05:49,880 --> 00:05:52,080 Speaker 1: and you get to choose how you accept it, and 114 00:05:52,120 --> 00:05:54,680 Speaker 1: it catches, you have to hold it there for ten years, Um, 115 00:05:54,760 --> 00:05:58,040 Speaker 1: what would you choose? Um? And And just that right 116 00:05:58,040 --> 00:06:01,640 Speaker 1: there was pretty telling. So for pretty six percent chose 117 00:06:01,760 --> 00:06:05,960 Speaker 1: US dollars, gold, eight percent stocks, and then the lowest, 118 00:06:05,960 --> 00:06:08,599 Speaker 1: the thirteen percent was bitcoin. But what I thought was 119 00:06:08,800 --> 00:06:12,640 Speaker 1: most interesting about that is as I dug into the 120 00:06:12,760 --> 00:06:16,760 Speaker 1: data behind the answers, I saw that, um, you know, 121 00:06:16,800 --> 00:06:19,520 Speaker 1: the boomers and Gen X were more likely for gold, 122 00:06:19,600 --> 00:06:22,280 Speaker 1: and the Gen gen X, millennials and Gen Z were 123 00:06:22,320 --> 00:06:25,080 Speaker 1: more likely for bitcoin. That wasn't shocking, But the one 124 00:06:25,120 --> 00:06:28,279 Speaker 1: that was was the SCS effects the socio economic and 125 00:06:28,320 --> 00:06:31,480 Speaker 1: it said that the wealthy were significantly more likely than 126 00:06:31,520 --> 00:06:35,559 Speaker 1: all other classes to invest in the bitcoin verses eight um. 127 00:06:35,640 --> 00:06:38,560 Speaker 1: And then the second part the low income and below 128 00:06:38,600 --> 00:06:43,960 Speaker 1: poverty line significantly more likely to choose US dollars. And 129 00:06:44,000 --> 00:06:47,520 Speaker 1: so that piece right there is like telling as to 130 00:06:47,720 --> 00:06:52,080 Speaker 1: why we consistently have this like growing gap of income inequality. 131 00:06:52,120 --> 00:06:56,000 Speaker 1: I think, yeah, for sure, man, it's definitely like that's 132 00:06:56,000 --> 00:07:00,520 Speaker 1: our assumption to that. You know, like rich people think 133 00:07:00,560 --> 00:07:04,200 Speaker 1: more about investing, and they're more educated on investing, so 134 00:07:04,240 --> 00:07:06,440 Speaker 1: of course they're going to choose something like bitcoin or 135 00:07:06,480 --> 00:07:09,200 Speaker 1: gold or stocks or whatever than someone who's like living 136 00:07:09,200 --> 00:07:12,800 Speaker 1: paycheck to paycheck and they can't afford to like hold 137 00:07:12,800 --> 00:07:16,080 Speaker 1: onto investments because they're just they're not educated and they 138 00:07:16,080 --> 00:07:19,120 Speaker 1: don't have the privilege I guess, to be able to 139 00:07:19,120 --> 00:07:22,280 Speaker 1: sit in investments when they got bills. So that wasn't 140 00:07:22,280 --> 00:07:25,840 Speaker 1: really surprising to me. What was what was more surprising 141 00:07:25,880 --> 00:07:29,600 Speaker 1: to me with with the results of like going through 142 00:07:29,680 --> 00:07:32,920 Speaker 1: the full education was, by the end of it, like 143 00:07:33,040 --> 00:07:36,600 Speaker 1: the poor people had choose chosen bitcoin, like on a 144 00:07:36,720 --> 00:07:41,559 Speaker 1: much broader basis than the other the other options because 145 00:07:41,560 --> 00:07:43,720 Speaker 1: most people just don't know about cash, they don't know 146 00:07:43,760 --> 00:07:46,000 Speaker 1: about what backs dollars, they don't know that it's lost 147 00:07:46,000 --> 00:07:50,560 Speaker 1: its purchasing power. So everybody across the spectrum increased to 148 00:07:50,600 --> 00:07:55,400 Speaker 1: bitcoin a lot when they're educated. But poor people also 149 00:07:55,480 --> 00:07:57,960 Speaker 1: were just you know, they just need some education, and 150 00:07:58,240 --> 00:08:00,679 Speaker 1: once they get educated, on how crap be the Internet 151 00:08:00,720 --> 00:08:03,920 Speaker 1: of the financial system is, and what a good opportunity 152 00:08:04,040 --> 00:08:07,120 Speaker 1: and um it is to kind of save in bitcoin. 153 00:08:07,920 --> 00:08:11,440 Speaker 1: They'll choose it just as well as a rich person. Yeah, 154 00:08:11,480 --> 00:08:13,880 Speaker 1: that's a great point. Um. So I want to get 155 00:08:13,920 --> 00:08:16,280 Speaker 1: into some of those questions that got people to change 156 00:08:16,280 --> 00:08:18,240 Speaker 1: their mind, because I'm I'm imagining we have a lot 157 00:08:18,280 --> 00:08:21,200 Speaker 1: of people listening who probably still aren't fully convinced, and 158 00:08:21,200 --> 00:08:23,760 Speaker 1: maybe if they get asked the same questions. But before 159 00:08:23,800 --> 00:08:25,280 Speaker 1: we do, I just going back to kind of that 160 00:08:25,320 --> 00:08:29,680 Speaker 1: first part um about the wealthier people were more into 161 00:08:29,720 --> 00:08:32,160 Speaker 1: investing in the in the lower income people weren't, and 162 00:08:32,160 --> 00:08:33,720 Speaker 1: and um, the piece I just want to kind of 163 00:08:33,720 --> 00:08:36,360 Speaker 1: emphasize on that is that the reason why we kind 164 00:08:36,360 --> 00:08:39,440 Speaker 1: of one of the main contributors to this income divide 165 00:08:39,440 --> 00:08:42,680 Speaker 1: of rich and poor is that the wealthy invest their money. 166 00:08:42,720 --> 00:08:46,440 Speaker 1: They buy real estate, they buy stocks, they buy um bitcoin, etcetera. 167 00:08:46,520 --> 00:08:48,760 Speaker 1: And those things go up in money as the Fed 168 00:08:48,880 --> 00:08:52,079 Speaker 1: keeps printing, uh, they go open dollar values, um. Whereas 169 00:08:52,320 --> 00:08:55,120 Speaker 1: unfortunately poor people they're just living off of wages which 170 00:08:55,120 --> 00:08:58,120 Speaker 1: are continuing to purchase less and less, and then they're 171 00:08:58,120 --> 00:09:00,720 Speaker 1: not buying any assets that go up in value, and 172 00:09:00,760 --> 00:09:04,000 Speaker 1: so they're kind of double screwed. Um. But we are 173 00:09:04,040 --> 00:09:07,120 Speaker 1: listening to the Mark Moss Show. I'm here with Brad Mills. 174 00:09:07,160 --> 00:09:10,200 Speaker 1: You can find them on Twitter at Brad Mills, can 175 00:09:10,400 --> 00:09:13,200 Speaker 1: m I l S. Can tweet Adam if you like 176 00:09:13,320 --> 00:09:16,480 Speaker 1: this poll. Um. And when we get back, I want 177 00:09:16,520 --> 00:09:18,920 Speaker 1: to find out what some of these questions were that 178 00:09:19,040 --> 00:09:22,600 Speaker 1: you think we're probably um, the most instrumental in changing 179 00:09:22,800 --> 00:09:25,720 Speaker 1: people's minds, UM. And then some of the more I 180 00:09:25,760 --> 00:09:29,160 Speaker 1: guess we'll say shocking types of questions and stuff like 181 00:09:30,200 --> 00:09:32,520 Speaker 1: what type of entity is the Federal Reserve or or 182 00:09:33,160 --> 00:09:35,800 Speaker 1: or what is backing dollars? I know I got some 183 00:09:35,840 --> 00:09:38,240 Speaker 1: people stumped with those already. So we'll be back in 184 00:09:38,280 --> 00:09:40,480 Speaker 1: just a second on the Mark Moa Show. Stay tuned. 185 00:09:41,040 --> 00:09:43,360 Speaker 1: All right, welcome back. You're listening to the Mark mo Show. 186 00:09:43,400 --> 00:09:48,400 Speaker 1: We're talking about bitcoin. We're talking about the decentralized revolution UM. 187 00:09:48,520 --> 00:09:51,560 Speaker 1: Not just a new technology, a technological revolution that will 188 00:09:51,640 --> 00:09:55,040 Speaker 1: literally change the way that humanity works. It will literally 189 00:09:55,120 --> 00:09:59,120 Speaker 1: change the future. We're talking about some education pieces. The 190 00:09:59,480 --> 00:10:01,640 Speaker 1: lack of education, I think is what causes a lot 191 00:10:01,679 --> 00:10:03,760 Speaker 1: of people to be held back and miss these opportunities. 192 00:10:03,920 --> 00:10:06,280 Speaker 1: I'm joined by Brad Mills. You can find them at 193 00:10:06,280 --> 00:10:09,199 Speaker 1: Twitter at Brad Mills can UM and he put together 194 00:10:09,240 --> 00:10:12,200 Speaker 1: this poll UM and through a series of questions, was 195 00:10:12,240 --> 00:10:14,240 Speaker 1: able to get some insight into kind of how people 196 00:10:14,280 --> 00:10:17,800 Speaker 1: are viewing it UM and then also kind of change 197 00:10:17,840 --> 00:10:22,000 Speaker 1: their perspective just by asking them questions. So, Brad, I'm 198 00:10:22,040 --> 00:10:24,040 Speaker 1: jumping back into this UM. I guess what are some 199 00:10:24,120 --> 00:10:26,040 Speaker 1: of the big questions that you think were maybe the 200 00:10:26,040 --> 00:10:29,000 Speaker 1: big needle movers. They're like what's back in the US 201 00:10:29,080 --> 00:10:32,760 Speaker 1: dollar for example, or UM. You know, I think it 202 00:10:32,880 --> 00:10:35,240 Speaker 1: was more so the because in the middle of the 203 00:10:35,320 --> 00:10:37,400 Speaker 1: survey we kind of take them down the rabbit hole 204 00:10:37,440 --> 00:10:39,760 Speaker 1: and we started asking them about like the stock market 205 00:10:39,840 --> 00:10:42,120 Speaker 1: and how the stock market has performed over the last 206 00:10:42,120 --> 00:10:45,839 Speaker 1: few decades. And I think that's what moved the needle 207 00:10:45,920 --> 00:10:49,360 Speaker 1: for the wealthier social economic classes that answered the survey, 208 00:10:49,480 --> 00:10:52,240 Speaker 1: because most you know, if you've been in the stock 209 00:10:52,280 --> 00:10:54,600 Speaker 1: market since the seventies, you probably would have got something 210 00:10:54,640 --> 00:10:56,679 Speaker 1: crazy after Get the numbers off my head right now, 211 00:10:56,679 --> 00:10:58,840 Speaker 1: but I think it's like a third X or something 212 00:10:58,880 --> 00:11:03,959 Speaker 1: on your dollar invest But if you adjust that for 213 00:11:04,160 --> 00:11:08,560 Speaker 1: inflation and purchasing power, loss of purchasing purchasing power. You know, 214 00:11:08,640 --> 00:11:12,280 Speaker 1: you're maybe up like three x or something, really not 215 00:11:12,400 --> 00:11:16,000 Speaker 1: that impressive over forty years of sitting in the stock market. 216 00:11:16,760 --> 00:11:19,160 Speaker 1: So there was that that was kind of it seemed 217 00:11:19,200 --> 00:11:25,200 Speaker 1: like the number of of of wealthy people who feel 218 00:11:25,320 --> 00:11:29,480 Speaker 1: confident in answering questions about the stock market and about 219 00:11:29,480 --> 00:11:33,240 Speaker 1: the financial system was really high. So a large percentage 220 00:11:33,240 --> 00:11:37,640 Speaker 1: of wealthy people we're we're basically telling us that, oh, yeah, 221 00:11:37,679 --> 00:11:40,160 Speaker 1: I know all about the stock market, I know about bitcoin, 222 00:11:40,280 --> 00:11:43,960 Speaker 1: I know about gold. But then when we were explaining 223 00:11:44,040 --> 00:11:47,200 Speaker 1: how once you would just for the drop and purchasing power, 224 00:11:47,440 --> 00:11:49,840 Speaker 1: you didn't really do that good and you didn't even 225 00:11:50,000 --> 00:11:53,720 Speaker 1: hold your purchasing power against gold in the last you know, 226 00:11:53,840 --> 00:11:57,000 Speaker 1: thirty or forty years if you had just saved in dollars. 227 00:11:57,600 --> 00:12:00,199 Speaker 1: And it was really shocking that people, like a lot 228 00:12:00,240 --> 00:12:03,120 Speaker 1: of people thought that the US dollar actually gained purchasing 229 00:12:03,160 --> 00:12:07,240 Speaker 1: power over the last thirty years. Like the majority of people, 230 00:12:08,200 --> 00:12:12,640 Speaker 1: um just have no clue about how the dollar loses 231 00:12:12,679 --> 00:12:16,760 Speaker 1: its value and how once you once you think in 232 00:12:17,160 --> 00:12:21,520 Speaker 1: purchasing power instead of dollars, you're actually treading water or 233 00:12:21,520 --> 00:12:24,400 Speaker 1: not doing very good. And and then when We would 234 00:12:24,400 --> 00:12:27,640 Speaker 1: then later ask them would you believe of us? Would 235 00:12:27,640 --> 00:12:30,040 Speaker 1: you believe us if we told you x, y or z. 236 00:12:30,240 --> 00:12:32,240 Speaker 1: We would educate them about like the performance of the 237 00:12:32,240 --> 00:12:35,640 Speaker 1: stock market. A lot of the rich people we're just 238 00:12:36,520 --> 00:12:40,360 Speaker 1: resistant to accepting that what we had just told them 239 00:12:40,440 --> 00:12:43,480 Speaker 1: was the truth. But the longer we go on the survey, 240 00:12:43,600 --> 00:12:47,320 Speaker 1: the more that we see people converting to this this 241 00:12:47,559 --> 00:12:50,400 Speaker 1: rabbit hole of information and education or teaching them about 242 00:12:50,440 --> 00:12:54,320 Speaker 1: purchasing power and wealth preservation versus just the number go 243 00:12:54,520 --> 00:12:57,880 Speaker 1: up of the stock market versus the actual amount of 244 00:12:57,920 --> 00:13:00,400 Speaker 1: things they can purchase with the with the money. And 245 00:13:00,440 --> 00:13:02,959 Speaker 1: then by the end of it, the uh, it was 246 00:13:03,000 --> 00:13:06,160 Speaker 1: pretty clear that the wealthy segment of people that answered 247 00:13:06,160 --> 00:13:09,400 Speaker 1: the survey were way overconfident. They thought they knew so 248 00:13:09,480 --> 00:13:13,360 Speaker 1: much about the dollar, the stock market, and bitcoin, and 249 00:13:13,400 --> 00:13:18,000 Speaker 1: then all their answers were consistently wrong. So it was 250 00:13:18,080 --> 00:13:20,480 Speaker 1: hilarious to see that come out through the survey. And 251 00:13:20,520 --> 00:13:22,760 Speaker 1: then by the end the wealthy people of course increased 252 00:13:22,760 --> 00:13:25,520 Speaker 1: that like their answer that they would choose bitcoin, by 253 00:13:25,600 --> 00:13:29,040 Speaker 1: quite a lot. The one thing that I've heard you 254 00:13:29,120 --> 00:13:31,600 Speaker 1: keep saying over and over, which is um start to 255 00:13:31,640 --> 00:13:34,560 Speaker 1: think about purchasing power and and I love that because 256 00:13:34,559 --> 00:13:36,960 Speaker 1: that's something that I continue to pound the table on. Um, 257 00:13:37,000 --> 00:13:39,000 Speaker 1: we need to start thinking of things in terms of 258 00:13:39,000 --> 00:13:41,800 Speaker 1: purchasing power, because right now everybody is thinking about things 259 00:13:41,800 --> 00:13:44,040 Speaker 1: in terms of US dollars. It's, you know, the half 260 00:13:44,040 --> 00:13:46,079 Speaker 1: of every transaction if you're in the United States, which 261 00:13:46,120 --> 00:13:49,079 Speaker 1: most people here listening are, And so I like to 262 00:13:49,120 --> 00:13:52,240 Speaker 1: ask people the question, like, right now in the US, 263 00:13:52,320 --> 00:13:55,840 Speaker 1: are is real estate expensive or is it cheap? And 264 00:13:55,880 --> 00:13:59,240 Speaker 1: I would ask people that question and they're like, uh well, 265 00:13:59,280 --> 00:14:03,000 Speaker 1: I'm like, well, in US dollars, it's very expensive. They've 266 00:14:03,040 --> 00:14:05,360 Speaker 1: never been more expensive. But what if we priced it 267 00:14:05,400 --> 00:14:10,280 Speaker 1: in gold or oil or bitcoin or something like that, Well, 268 00:14:10,280 --> 00:14:13,199 Speaker 1: then homes have actually never been cheaper, and so um, 269 00:14:13,200 --> 00:14:15,120 Speaker 1: you have to start thinking in terms of purchasing power. 270 00:14:15,200 --> 00:14:17,200 Speaker 1: So it's uh so it's good that you could do that. 271 00:14:17,360 --> 00:14:19,560 Speaker 1: The other thing that you said that that also makes sense, 272 00:14:19,560 --> 00:14:22,600 Speaker 1: and I find this true, is um, the more educated 273 00:14:22,640 --> 00:14:26,040 Speaker 1: you are, Unfortunately, UM yeah, sometimes you you hold yourself 274 00:14:26,040 --> 00:14:27,920 Speaker 1: back because I hear from people the more educated they 275 00:14:27,920 --> 00:14:29,360 Speaker 1: are like oh I get it, I get it. I 276 00:14:29,360 --> 00:14:31,600 Speaker 1: get It's like digital gold shure, yeah whatever, Oh yeah, 277 00:14:31,640 --> 00:14:33,240 Speaker 1: I get it. It's kind of like digital cash. Okay, 278 00:14:33,320 --> 00:14:35,800 Speaker 1: I get it, and they think they get it, whereas 279 00:14:35,840 --> 00:14:37,920 Speaker 1: like you, you've been in since two thousand eleven, I've 280 00:14:37,920 --> 00:14:40,560 Speaker 1: been studying since two thousand fifteen, and I'm still trying 281 00:14:40,600 --> 00:14:42,720 Speaker 1: to figure it out, right, um, And so maybe the 282 00:14:42,840 --> 00:14:46,000 Speaker 1: rich are maybe too proud. I guess they're too proud 283 00:14:46,040 --> 00:14:48,440 Speaker 1: to admit it or what. I think it's just confidence. 284 00:14:48,520 --> 00:14:52,800 Speaker 1: I think that there the wealthy people are like displayed 285 00:14:52,840 --> 00:14:56,000 Speaker 1: a lot of confidence in their answers, but they were 286 00:14:56,080 --> 00:14:59,280 Speaker 1: confidently wrong, like they were wrong more than the lower 287 00:14:59,320 --> 00:15:01,600 Speaker 1: income class is Like, it was funny to see that 288 00:15:01,600 --> 00:15:04,600 Speaker 1: because even the wealthy people were answering the questions about 289 00:15:04,600 --> 00:15:07,680 Speaker 1: bitcoin as if they knew, like they would know the 290 00:15:07,760 --> 00:15:10,360 Speaker 1: value of bitcoin, because I think one of the questions 291 00:15:10,360 --> 00:15:12,840 Speaker 1: we had put up was compared to gold, like do 292 00:15:12,840 --> 00:15:15,880 Speaker 1: you think bitcoin's value as pert as a market cap 293 00:15:16,000 --> 00:15:18,880 Speaker 1: is bigger than gold? Is it smaller than gold? And 294 00:15:18,960 --> 00:15:22,000 Speaker 1: we give some numbers, and the wealthy segment of the 295 00:15:22,520 --> 00:15:27,800 Speaker 1: surveyor respondeds. We're answering confidently that you know, pretty much, 296 00:15:27,800 --> 00:15:29,840 Speaker 1: they thought they'd missed it, that bitcoin was already as 297 00:15:29,920 --> 00:15:32,160 Speaker 1: valuable as gold and it was not really like much 298 00:15:32,160 --> 00:15:35,160 Speaker 1: opportunity investing a bitcoin anymore, and then we would tell 299 00:15:35,200 --> 00:15:37,800 Speaker 1: them in the next question, like, actually, it's got a 300 00:15:37,880 --> 00:15:41,200 Speaker 1: twenty x to go if it's gonna catch up to gold. Um, 301 00:15:41,320 --> 00:15:43,120 Speaker 1: well that at the time of the survey, and now 302 00:15:43,120 --> 00:15:46,360 Speaker 1: it's more like a ten x. But and I think 303 00:15:46,400 --> 00:15:50,400 Speaker 1: that also increased the the you know, the the likelihood 304 00:15:50,400 --> 00:15:52,560 Speaker 1: that the person was going to accept choose bitcoin now 305 00:15:52,600 --> 00:15:56,920 Speaker 1: because wealthy folks, and this was across the board. People 306 00:15:56,960 --> 00:15:59,760 Speaker 1: thought bitcoin had already got this big, massive run and 307 00:15:59,760 --> 00:16:01,480 Speaker 1: there were too late to the game and they missed it. 308 00:16:02,240 --> 00:16:06,480 Speaker 1: And the other thing was that, um, across all social 309 00:16:06,520 --> 00:16:11,760 Speaker 1: economic classes, men, women, everything, more people knew that bitcoin 310 00:16:11,920 --> 00:16:15,600 Speaker 1: was not controlled by anybody than the dollar. Like people 311 00:16:15,800 --> 00:16:17,960 Speaker 1: people when we asked the question about the dollar, what 312 00:16:18,000 --> 00:16:20,240 Speaker 1: do you think controls printing of the US dollar? Who 313 00:16:20,240 --> 00:16:22,400 Speaker 1: do you think controls monetary policy of the US dollar? 314 00:16:23,360 --> 00:16:27,080 Speaker 1: More people said the wrong answer for that, But when 315 00:16:27,080 --> 00:16:30,000 Speaker 1: we asked about bitcoin, more people actually said the right answer. 316 00:16:30,040 --> 00:16:33,560 Speaker 1: They said nobody. So there's kind of an interesting thing 317 00:16:33,600 --> 00:16:38,200 Speaker 1: there that, like there's a lot of misinformation and confusion 318 00:16:38,240 --> 00:16:41,760 Speaker 1: about the entire money system, the stock market, how dollars 319 00:16:41,760 --> 00:16:44,680 Speaker 1: are made, who controls it what it's backed by, and 320 00:16:44,760 --> 00:16:48,200 Speaker 1: even bitcoin there's a lot of confusion there, but people 321 00:16:48,480 --> 00:16:53,760 Speaker 1: definitely consistently, once they're educated, choose bitcoin over all these 322 00:16:53,760 --> 00:16:56,600 Speaker 1: other things. Stocks, bonds, come out of these real estate everything. 323 00:16:56,920 --> 00:16:59,360 Speaker 1: Once they start learning, when go down the rabbit hole, 324 00:16:59,720 --> 00:17:03,720 Speaker 1: there's is good to see that. Yeah, I think maybe, Um, 325 00:17:03,760 --> 00:17:07,280 Speaker 1: you know the media that constantly attacks bitcoin and they 326 00:17:07,280 --> 00:17:09,600 Speaker 1: want to put out this fud, the fear uncertainty, in doubt. 327 00:17:09,720 --> 00:17:12,240 Speaker 1: They constantly talk about we don't even know who the 328 00:17:12,359 --> 00:17:15,720 Speaker 1: creator was, you know, who's Tosi nakamotive as he disappeared. 329 00:17:15,880 --> 00:17:18,399 Speaker 1: So they've probably helped a little bit on that side 330 00:17:18,520 --> 00:17:21,920 Speaker 1: educating there, But on the stuff that's that's really important, Um, 331 00:17:22,119 --> 00:17:25,320 Speaker 1: they they they've lacked obviously. I keep thinking about you 332 00:17:25,320 --> 00:17:27,280 Speaker 1: know Henry Ford's quote a hundred years ago that said, 333 00:17:27,280 --> 00:17:29,600 Speaker 1: if the if the people knew how the banking system worked, 334 00:17:29,640 --> 00:17:32,760 Speaker 1: there would be a revolution before the morning, like they 335 00:17:32,760 --> 00:17:35,120 Speaker 1: wouldn't wait to like like literally it happened overnight or 336 00:17:35,240 --> 00:17:38,480 Speaker 1: before the morning came. And um, so then I just think, well, 337 00:17:38,600 --> 00:17:40,399 Speaker 1: you know, with this lack of education, as we can 338 00:17:40,400 --> 00:17:44,840 Speaker 1: see from your poll, um, people have either been intensively 339 00:17:44,960 --> 00:17:47,800 Speaker 1: misled or withheld information from the worst case, you know, 340 00:17:47,840 --> 00:17:50,080 Speaker 1: where they've been straight out lied to UM. But I 341 00:17:50,080 --> 00:17:52,000 Speaker 1: want to jump into a couple more questions that you 342 00:17:52,040 --> 00:17:54,120 Speaker 1: have on this UM. You're you're listening to the Mark 343 00:17:54,200 --> 00:17:56,800 Speaker 1: Moa Show. We're talking about bitcoin. We're talking about the 344 00:17:56,800 --> 00:18:00,200 Speaker 1: decentralized Revolution. I'm here with Brad Mills who put together 345 00:18:00,280 --> 00:18:03,359 Speaker 1: this survey to find out what people know about bitcoin 346 00:18:03,520 --> 00:18:05,840 Speaker 1: and just the financial system overall. You can find them 347 00:18:05,920 --> 00:18:09,280 Speaker 1: at Brad Mills can on Twitter UM number one, Mark 348 00:18:09,359 --> 00:18:12,919 Speaker 1: Moss on Twitter UM. Send us a message, ask a question. 349 00:18:13,280 --> 00:18:14,920 Speaker 1: We'll make sure to get back to you on that. 350 00:18:15,440 --> 00:18:17,280 Speaker 1: When we come back, we're gonna talk about some of 351 00:18:17,320 --> 00:18:20,080 Speaker 1: these specific questions that can maybe change your mind. We'll 352 00:18:20,080 --> 00:18:22,240 Speaker 1: see if you can stump you on a few, so 353 00:18:22,240 --> 00:18:25,239 Speaker 1: we'll be right back. All right, Welcome back. You are 354 00:18:25,280 --> 00:18:27,120 Speaker 1: listening to the Mark Moss Show, and we are talking 355 00:18:27,119 --> 00:18:31,000 Speaker 1: about bitcoin. We're talking about the decentralized revolution. We're talking 356 00:18:31,040 --> 00:18:34,120 Speaker 1: about something so new, so revolutionary that it's literally going 357 00:18:34,200 --> 00:18:37,200 Speaker 1: to change the way the world works. And if you're 358 00:18:37,240 --> 00:18:39,639 Speaker 1: not paying attention, it might end up bad for you. 359 00:18:39,640 --> 00:18:41,320 Speaker 1: But if you're paying attention, it could be one of 360 00:18:41,320 --> 00:18:44,000 Speaker 1: the biggest opportunities of your life. I'm joined here with 361 00:18:44,040 --> 00:18:48,239 Speaker 1: Brad Mills at Brad mills Can on Twitter UM, and 362 00:18:48,280 --> 00:18:51,600 Speaker 1: we're talking about a pull that he recently ran, UM 363 00:18:51,720 --> 00:18:56,040 Speaker 1: asking people questions about the financial system and about bitcoin UM. 364 00:18:56,119 --> 00:18:58,280 Speaker 1: And then well some of the answers were what some 365 00:18:58,320 --> 00:19:03,280 Speaker 1: of the shocking things were and how people change their mind? UM. Brad, 366 00:19:03,359 --> 00:19:07,400 Speaker 1: you were talking about UM asking people about the performance 367 00:19:07,440 --> 00:19:09,960 Speaker 1: of assets. UM. I see one of the questions here 368 00:19:10,080 --> 00:19:11,520 Speaker 1: was you know, what do you think was a better 369 00:19:11,600 --> 00:19:14,680 Speaker 1: investment asset over the last ten years? UM? And it's 370 00:19:14,680 --> 00:19:19,160 Speaker 1: almost half the people thought gold UM. Almost people said 371 00:19:19,160 --> 00:19:24,000 Speaker 1: the stock market UM, and even fifteen people thought cash UM, 372 00:19:24,040 --> 00:19:26,960 Speaker 1: which is pretty amazing to me because I mean bitcoin 373 00:19:27,040 --> 00:19:30,399 Speaker 1: has averaged a two compounded annual growth rate over the 374 00:19:30,480 --> 00:19:33,959 Speaker 1: last ten years UM. And it seems like that's like 375 00:19:34,160 --> 00:19:36,880 Speaker 1: pretty well known, Like you see it. Even the news 376 00:19:36,960 --> 00:19:39,320 Speaker 1: is talking about it. Today's uh, you know, it's it's 377 00:19:39,400 --> 00:19:42,639 Speaker 1: kind of everywhere. Was that one shocking for you, No, 378 00:19:42,960 --> 00:19:46,720 Speaker 1: because it just goes to show that not many people 379 00:19:46,840 --> 00:19:51,280 Speaker 1: think really too hard about what backs money and the 380 00:19:51,359 --> 00:19:55,040 Speaker 1: relative value of bitcoin or anything really versus other things. 381 00:19:55,680 --> 00:19:58,560 Speaker 1: It's a really foreign concept. Most people just just kind 382 00:19:58,560 --> 00:20:00,199 Speaker 1: of like money is just part of their live and 383 00:20:00,200 --> 00:20:03,480 Speaker 1: they don't actually look deeply into it. So that was 384 00:20:03,760 --> 00:20:07,000 Speaker 1: that was not surprising for me to see that, but 385 00:20:07,359 --> 00:20:10,320 Speaker 1: it is it is really heartening again for me to 386 00:20:10,359 --> 00:20:13,960 Speaker 1: see that, like once these people do get educated. Like 387 00:20:14,000 --> 00:20:18,520 Speaker 1: in the next question, um, we asked them about what 388 00:20:18,560 --> 00:20:23,320 Speaker 1: do they think bitcoin's worth? Because like, no, like to 389 00:20:23,359 --> 00:20:25,879 Speaker 1: only twelve percent of the people that were asked that question, 390 00:20:25,960 --> 00:20:29,600 Speaker 1: like chose the right answer that they only twelve percent 391 00:20:29,640 --> 00:20:32,600 Speaker 1: of the people realized that bitcoin was the best investment 392 00:20:32,640 --> 00:20:35,960 Speaker 1: over the last decade. So ten percent of the people 393 00:20:36,040 --> 00:20:37,879 Speaker 1: just had no twelve percent of the people just had 394 00:20:37,920 --> 00:20:41,719 Speaker 1: no clue that bitcoin was was doing so well compared 395 00:20:41,760 --> 00:20:43,879 Speaker 1: to even the U. S. Stock market and gold and 396 00:20:44,160 --> 00:20:47,000 Speaker 1: you know, the dollar. So in the next question, that's 397 00:20:47,040 --> 00:20:49,120 Speaker 1: when we asked them, well, how much do you think 398 00:20:49,359 --> 00:20:52,480 Speaker 1: bitcoin is worth? Like do you think bitcoin's worth the 399 00:20:52,520 --> 00:20:54,919 Speaker 1: size of the real estate market, the size of the 400 00:20:55,000 --> 00:20:58,800 Speaker 1: gold market, which is eight trillion dollars. And then so 401 00:20:58,880 --> 00:21:03,320 Speaker 1: many people thought bick when was was overvalued by a 402 00:21:03,359 --> 00:21:07,320 Speaker 1: significant margin, Like barely anybody knew that bitcoin was such 403 00:21:07,359 --> 00:21:10,439 Speaker 1: a good opportunity right now. I like the way that 404 00:21:10,520 --> 00:21:13,280 Speaker 1: you asked that question though, because you've you've framed it, right, 405 00:21:13,320 --> 00:21:15,119 Speaker 1: So you said, if all the cash money in the 406 00:21:15,119 --> 00:21:17,880 Speaker 1: world is worth eighty trillion, if the gold is worth 407 00:21:17,920 --> 00:21:21,359 Speaker 1: eight trillion, right, if if real estates worth two trillion, 408 00:21:21,440 --> 00:21:23,119 Speaker 1: then what do you think all the bitcoin in the 409 00:21:23,119 --> 00:21:25,240 Speaker 1: world is worth? Um? Right, So you kind of you 410 00:21:25,320 --> 00:21:27,240 Speaker 1: kind of preframed it, Yeah, trying to give them a 411 00:21:27,240 --> 00:21:29,960 Speaker 1: little idea like the these this thing is worth this, 412 00:21:29,960 --> 00:21:31,720 Speaker 1: this thing is this big. How do you think bitcoin 413 00:21:31,920 --> 00:21:35,440 Speaker 1: performs here? Yeah? It was. Well. The reason why I 414 00:21:35,480 --> 00:21:37,199 Speaker 1: think that's important is, you know, if we were in 415 00:21:37,240 --> 00:21:40,040 Speaker 1: Silicon Valley. I know you're a you're a VC investor, 416 00:21:40,080 --> 00:21:42,480 Speaker 1: you're investing into a lot of these early stage bitcoin companies. 417 00:21:42,720 --> 00:21:44,520 Speaker 1: And if we were, you know, in in Silicon Valley 418 00:21:44,520 --> 00:21:46,560 Speaker 1: a decade ago, and people were pitching this on uber, 419 00:21:46,760 --> 00:21:48,040 Speaker 1: which most people, you know a lot of people have 420 00:21:48,119 --> 00:21:50,240 Speaker 1: turned down. You're trying to figure out like what is 421 00:21:50,280 --> 00:21:51,960 Speaker 1: it going to be worth? And you would look at like, well, 422 00:21:51,960 --> 00:21:54,200 Speaker 1: what are the markets that it's going to disrupt? So, 423 00:21:54,320 --> 00:21:56,399 Speaker 1: you know, taxi industry is this big Limon industry is 424 00:21:56,440 --> 00:21:58,480 Speaker 1: this big h you know van right here is this 425 00:21:58,480 --> 00:21:59,800 Speaker 1: big and if we can get five percent of each 426 00:21:59,840 --> 00:22:01,760 Speaker 1: you know, we could have this market share, um. And 427 00:22:01,800 --> 00:22:03,800 Speaker 1: so you kind of have to get that context. And 428 00:22:03,840 --> 00:22:05,720 Speaker 1: that's kind of what you did in this question. Most 429 00:22:05,760 --> 00:22:08,480 Speaker 1: people probably have no idea that there's two hundred trillion 430 00:22:08,520 --> 00:22:10,760 Speaker 1: dollars sitting in real estate, and a lot of people 431 00:22:10,800 --> 00:22:13,399 Speaker 1: probably don't want to be landlords. They only put it 432 00:22:13,440 --> 00:22:16,920 Speaker 1: there because it's losing money in the bank. Um. We're saying, 433 00:22:16,960 --> 00:22:19,880 Speaker 1: with eighty trillion in cash. When you start to look 434 00:22:19,880 --> 00:22:21,800 Speaker 1: at you know, four hundred tillion dollars worth of debt 435 00:22:21,880 --> 00:22:24,199 Speaker 1: or whatever, um, all of a sudden, then you go, 436 00:22:24,280 --> 00:22:28,479 Speaker 1: we'll shoot, bitcoin is actually tiny, Like it's actually like 437 00:22:28,680 --> 00:22:32,440 Speaker 1: super undervalued. I guess yeah. And that's why we saw 438 00:22:33,160 --> 00:22:36,400 Speaker 1: people such a crazy difference. And from the beginning when 439 00:22:36,400 --> 00:22:39,480 Speaker 1: we asked the question, the realm Paul inspired question, to 440 00:22:39,560 --> 00:22:42,160 Speaker 1: the end of the survey, after giving them all this information, 441 00:22:42,240 --> 00:22:45,439 Speaker 1: given them the comparing bitcoin to all the things that 442 00:22:45,440 --> 00:22:48,639 Speaker 1: they're familiar with but never looked deeply into. By the 443 00:22:48,760 --> 00:22:52,200 Speaker 1: end of the survey, the like across the board, everybody 444 00:22:52,240 --> 00:22:55,040 Speaker 1: was choosing bitcoin like twice as much or three times 445 00:22:55,040 --> 00:22:58,040 Speaker 1: as much UM. And most of it, most of the 446 00:22:58,080 --> 00:23:01,160 Speaker 1: difference came from cash. A lot of people just decided, well, actually, 447 00:23:01,200 --> 00:23:02,880 Speaker 1: I don't want to hold the cash for ten years, 448 00:23:03,119 --> 00:23:06,640 Speaker 1: I want some bitcoin. Um. Gold kind of held up 449 00:23:06,880 --> 00:23:09,639 Speaker 1: for sure, like people still wanted some stocks and some gold, 450 00:23:10,280 --> 00:23:12,879 Speaker 1: but it was a majority of the difference in the 451 00:23:12,880 --> 00:23:16,560 Speaker 1: the the answer came from people dropping cash and picking 452 00:23:16,640 --> 00:23:21,080 Speaker 1: up some bitcoin, and it was um. Surprisingly, gen zs, 453 00:23:21,200 --> 00:23:25,480 Speaker 1: the younger people who were one of the biggest demographics 454 00:23:25,520 --> 00:23:28,760 Speaker 1: that didn't realize what a good opportunity bitcoin was. And 455 00:23:28,800 --> 00:23:32,439 Speaker 1: it was obviously like boomers. That's what everybody assumes that 456 00:23:32,800 --> 00:23:36,440 Speaker 1: Boomers just don't get the new tech. They're into gold, um, 457 00:23:36,480 --> 00:23:39,400 Speaker 1: They're into real estate and stuff like that. Stocks, so 458 00:23:39,600 --> 00:23:42,960 Speaker 1: that was obvious from the beginning. The Boomers were very 459 00:23:43,000 --> 00:23:46,400 Speaker 1: like low compared to the other generations to choose bitcoin. 460 00:23:46,760 --> 00:23:48,760 Speaker 1: But after going through the survey, one of the most 461 00:23:48,840 --> 00:23:52,080 Speaker 1: surprising things that came out of this, honestly was the 462 00:23:52,160 --> 00:23:56,240 Speaker 1: idea that like the Boomers that went through the sermon survey, 463 00:23:56,400 --> 00:24:01,159 Speaker 1: they change their answer at a ray that was faster 464 00:24:01,280 --> 00:24:05,720 Speaker 1: than bigger and more impactful than any of the other generations. 465 00:24:05,760 --> 00:24:09,119 Speaker 1: So there was like a three sevent increase from the 466 00:24:09,119 --> 00:24:12,639 Speaker 1: beginning to the end in the boomer demographic, so it 467 00:24:12,760 --> 00:24:15,600 Speaker 1: kind of goes contrary contrary to the assumption that most 468 00:24:15,640 --> 00:24:17,560 Speaker 1: of us have a butt like boomers not. You know, 469 00:24:17,640 --> 00:24:20,720 Speaker 1: just let's just forget about educating the boomers, like like 470 00:24:20,760 --> 00:24:23,560 Speaker 1: Gray Scale runs the drop gold campaign, which is trying 471 00:24:23,600 --> 00:24:26,040 Speaker 1: to like convince the boomers to get rid of their gold, 472 00:24:26,119 --> 00:24:28,879 Speaker 1: and you know, I think from the results of the survey, 473 00:24:28,960 --> 00:24:31,359 Speaker 1: that might actually not be the best approach here, because 474 00:24:31,920 --> 00:24:34,520 Speaker 1: based on this survey result, if you just educate and 475 00:24:34,560 --> 00:24:36,800 Speaker 1: take them down the rabbit hole and show them what 476 00:24:36,840 --> 00:24:39,800 Speaker 1: a good opportunity bitcoin is and how well it's done 477 00:24:39,800 --> 00:24:41,800 Speaker 1: over the last decade and how it's poised to catch 478 00:24:41,880 --> 00:24:44,800 Speaker 1: up to gold, I think they'll just naturally kind of 479 00:24:44,840 --> 00:24:47,800 Speaker 1: get that and they'll they'll start to align with bitcoin, 480 00:24:48,400 --> 00:24:51,560 Speaker 1: rather than we come out come at them with adversarial 481 00:24:51,680 --> 00:24:54,879 Speaker 1: like drop bitcoin, you boomer. You know, let's let's just 482 00:24:54,920 --> 00:24:56,840 Speaker 1: try a little bit more to educate them and be 483 00:24:56,880 --> 00:25:01,320 Speaker 1: a little bit uh more convince singing our arguments and 484 00:25:01,400 --> 00:25:03,320 Speaker 1: maybe not trying to piss them off. I don't know, 485 00:25:03,359 --> 00:25:06,160 Speaker 1: that might help. Yeah, that's a that's a good point. 486 00:25:06,440 --> 00:25:08,760 Speaker 1: I like the question where you said, you know, if 487 00:25:08,800 --> 00:25:11,320 Speaker 1: if bitcoin succeeds. Do you think it could ever increase 488 00:25:11,680 --> 00:25:15,040 Speaker 1: to be worth the same amount as gold? Now before 489 00:25:15,200 --> 00:25:17,280 Speaker 1: before I say what the answer was on that, we 490 00:25:17,560 --> 00:25:20,240 Speaker 1: we do know that both JP Morgan and City Bank 491 00:25:20,280 --> 00:25:22,480 Speaker 1: have both put out guidance, both of them saying that 492 00:25:22,520 --> 00:25:27,200 Speaker 1: they think bitcoin will overtake gold. Um per this survey 493 00:25:27,880 --> 00:25:30,040 Speaker 1: of people think that it could overtake or be worth 494 00:25:30,080 --> 00:25:32,159 Speaker 1: as much or overtake gold. And so just to kind 495 00:25:32,200 --> 00:25:35,119 Speaker 1: of put that into perspective for everybody listening, that's about 496 00:25:35,160 --> 00:25:38,960 Speaker 1: a ten x from here today, I mean approximately right, 497 00:25:39,000 --> 00:25:41,080 Speaker 1: So I mean that's a JP Morgan and City Bank 498 00:25:41,119 --> 00:25:43,480 Speaker 1: both think that. About more than half of the survey 499 00:25:43,560 --> 00:25:45,359 Speaker 1: respondents thought that as well. And so I know a 500 00:25:45,359 --> 00:25:47,840 Speaker 1: lot of people think, um, they've missed the boat. It's 501 00:25:47,880 --> 00:25:50,320 Speaker 1: too late. I think a lot of these UH marketers 502 00:25:50,320 --> 00:25:53,280 Speaker 1: are saying, get the next bitcoin, right, get the next one. 503 00:25:53,800 --> 00:25:56,560 Speaker 1: But like per JP Morgan, City Bank and over half 504 00:25:56,560 --> 00:25:59,639 Speaker 1: of these respondents, um, they could go up ten x 505 00:25:59,680 --> 00:26:03,639 Speaker 1: from here. Yeah. And actually I ran the survey a 506 00:26:03,720 --> 00:26:07,160 Speaker 1: while ago and it was at this point I think 507 00:26:07,160 --> 00:26:09,800 Speaker 1: it was like twenty or thirty x or something even. 508 00:26:09,840 --> 00:26:13,800 Speaker 1: So as as bitcoin keeps going up, what we've seen 509 00:26:14,000 --> 00:26:18,480 Speaker 1: is definitely more people are dropping gold and they're choosing bitcoin. 510 00:26:18,680 --> 00:26:20,880 Speaker 1: It's it's you can see it in the charts. So 511 00:26:21,200 --> 00:26:24,120 Speaker 1: this is kind of playing out, and I wonder if 512 00:26:24,160 --> 00:26:27,840 Speaker 1: it's uh, I wonder what strategy is more effective at 513 00:26:27,960 --> 00:26:29,959 Speaker 1: at that. Is it like you know, like Michael Sailor 514 00:26:30,040 --> 00:26:33,600 Speaker 1: debating the gold bugs and stuff, or in gray scale 515 00:26:33,680 --> 00:26:37,399 Speaker 1: running the drop gold campaign. Is that really effective at 516 00:26:37,440 --> 00:26:39,679 Speaker 1: converting people to switch over to gold or is it 517 00:26:39,760 --> 00:26:44,679 Speaker 1: really just the number go up technology that bitcoin has 518 00:26:44,720 --> 00:26:48,080 Speaker 1: installed and it's just just a lot of fomo from 519 00:26:48,119 --> 00:26:50,959 Speaker 1: these folks who are now like waking up to the 520 00:26:51,000 --> 00:26:54,040 Speaker 1: idea that Okay, maybe this is digital gold and I 521 00:26:54,080 --> 00:26:56,040 Speaker 1: gotta look into it, and they're just going and getting 522 00:26:56,119 --> 00:27:01,760 Speaker 1: educated on it versus the adversarial like drop gold, you boomer. Yeah, Well, 523 00:27:01,800 --> 00:27:04,320 Speaker 1: I think I think the answer is it depends and 524 00:27:04,400 --> 00:27:08,199 Speaker 1: so per your data, differences in age, income level, and 525 00:27:08,240 --> 00:27:12,080 Speaker 1: even sex um respond differently, and so I think, you know, 526 00:27:12,119 --> 00:27:14,679 Speaker 1: bitcoin needs lots of different people talking about lots of 527 00:27:14,680 --> 00:27:17,399 Speaker 1: different things, and then people will find kind of the 528 00:27:17,440 --> 00:27:20,280 Speaker 1: areas that they kind of gravitate towards UM based off 529 00:27:20,320 --> 00:27:23,640 Speaker 1: of that UM. And I call Bitcoin the great bait 530 00:27:23,680 --> 00:27:26,160 Speaker 1: and switch because most people come in for the number 531 00:27:26,160 --> 00:27:28,439 Speaker 1: go up technology right, for the tow to make money. 532 00:27:28,840 --> 00:27:31,879 Speaker 1: But once they come in they start learning about it. Um. 533 00:27:32,040 --> 00:27:33,960 Speaker 1: Then they've been bathed in by the by the money 534 00:27:34,000 --> 00:27:36,520 Speaker 1: going up, and then they get they get switched into 535 00:27:36,800 --> 00:27:39,000 Speaker 1: learning that it can actually fix the world. It can 536 00:27:39,040 --> 00:27:42,160 Speaker 1: fix the money, print, take away the money, printer, fix 537 00:27:42,200 --> 00:27:44,560 Speaker 1: the money, fix the world, and so much more. Um, 538 00:27:44,600 --> 00:27:47,119 Speaker 1: you're listening to the Mark mo Show. I got Brad 539 00:27:47,240 --> 00:27:49,919 Speaker 1: mills on at Brad mills can We're talking about this 540 00:27:50,000 --> 00:27:54,160 Speaker 1: bitcoin survey, bitcoin education. I want to talk about, um, 541 00:27:54,200 --> 00:27:58,040 Speaker 1: what's growing on top of bitcoin when we come back. Um, 542 00:27:58,080 --> 00:28:00,960 Speaker 1: it's not just about money. It's not just digital cast, 543 00:28:01,000 --> 00:28:02,960 Speaker 1: not just digital gold. It's more than that. So we're 544 00:28:02,960 --> 00:28:05,520 Speaker 1: gonna be back in just one minute to talk about that, 545 00:28:05,560 --> 00:28:08,280 Speaker 1: and so stay tuned. All right, welcome back. You're listening 546 00:28:08,280 --> 00:28:10,320 Speaker 1: to the Mark Moa Show, and we are talking about 547 00:28:10,359 --> 00:28:15,960 Speaker 1: bitcoin and the decentralized revolution, which is something so big. 548 00:28:16,000 --> 00:28:19,080 Speaker 1: Not just a new technology, not the iPhone, not Uber Airbnb. 549 00:28:19,080 --> 00:28:22,400 Speaker 1: We're talking about technological revolution that will change the way 550 00:28:22,480 --> 00:28:24,879 Speaker 1: the world works, kind of like electricity. It wasn't just 551 00:28:24,960 --> 00:28:27,639 Speaker 1: a digital candle. I mean it was, but it became 552 00:28:27,720 --> 00:28:29,600 Speaker 1: so much more. And that's what we're sitting on right 553 00:28:29,600 --> 00:28:32,520 Speaker 1: now now when we're talking about bitcoin. UM. I know 554 00:28:32,560 --> 00:28:34,400 Speaker 1: a lot of people, and we talked about earlier before 555 00:28:34,400 --> 00:28:37,120 Speaker 1: the break about your poll and maybe the more educated 556 00:28:37,160 --> 00:28:40,280 Speaker 1: people are, they tend to maybe be overconfident, and oh, 557 00:28:40,320 --> 00:28:42,320 Speaker 1: I get it. I get it's like digital cash or 558 00:28:42,320 --> 00:28:44,840 Speaker 1: digital goal that whatever. I don't need that right, um, 559 00:28:44,880 --> 00:28:47,080 Speaker 1: But but it's so much more. Just like just like 560 00:28:47,120 --> 00:28:49,280 Speaker 1: electricity was a digital candle, it was that, or the 561 00:28:49,320 --> 00:28:52,240 Speaker 1: internet was a way to send electronic messages, it became 562 00:28:52,280 --> 00:28:54,920 Speaker 1: so much more. Um. One thing that I've been seeing 563 00:28:54,920 --> 00:28:57,560 Speaker 1: and I'm actually super encouraged by, is we're starting to 564 00:28:57,600 --> 00:29:00,760 Speaker 1: see the bitcoin network itself be a network that we're 565 00:29:00,760 --> 00:29:04,200 Speaker 1: seeing new technologies being built on. So for example, about 566 00:29:04,200 --> 00:29:06,160 Speaker 1: a month ago in Dallas, there was a hackathon and 567 00:29:06,200 --> 00:29:08,880 Speaker 1: someone like came up with like a phone that could 568 00:29:08,920 --> 00:29:12,280 Speaker 1: like call over the like bitcoin network. Um, there's a 569 00:29:12,280 --> 00:29:14,800 Speaker 1: couple like communities that are being built on there now 570 00:29:14,840 --> 00:29:18,840 Speaker 1: where people are chatting, um, streaming, you know, content things 571 00:29:18,880 --> 00:29:21,760 Speaker 1: like that. What do you think about like the future 572 00:29:21,840 --> 00:29:24,680 Speaker 1: of these these new types of technologies being built on 573 00:29:24,720 --> 00:29:29,920 Speaker 1: the Bitcoin network. So I am. I mean earlier you 574 00:29:29,960 --> 00:29:32,080 Speaker 1: said I was like a VC, right, I don't know 575 00:29:32,120 --> 00:29:34,240 Speaker 1: if that's a dirty word. Like sometimes I get a 576 00:29:34,240 --> 00:29:37,640 Speaker 1: bit of cognitive distance because like I came from poverty, 577 00:29:37,680 --> 00:29:39,600 Speaker 1: and I don't really have like that type of an 578 00:29:39,680 --> 00:29:43,320 Speaker 1: educational background or anything. I really came from like you know, 579 00:29:43,480 --> 00:29:47,360 Speaker 1: low income, uh, poor family on the East coast to Canada, 580 00:29:47,480 --> 00:29:50,440 Speaker 1: or it's high unemployment and stuff. And bitcoin was my 581 00:29:50,680 --> 00:29:54,600 Speaker 1: kind of my escape from all of that because I 582 00:29:55,040 --> 00:29:58,000 Speaker 1: started like I was an entrepreneur, so I you know, 583 00:29:58,120 --> 00:30:01,480 Speaker 1: I started hustling and making money and I so I 584 00:30:01,480 --> 00:30:04,080 Speaker 1: have an entrepreneurial mind. And when I started making money, 585 00:30:04,160 --> 00:30:06,600 Speaker 1: I started like looking at this as well, what am 586 00:30:06,640 --> 00:30:08,680 Speaker 1: I going to invest in? Like, I guess I should 587 00:30:08,720 --> 00:30:12,360 Speaker 1: get some stocks because that's what rich people do. And uh, 588 00:30:12,800 --> 00:30:15,480 Speaker 1: I'm like, but stocks are a Ponzi scheme. I don't 589 00:30:15,520 --> 00:30:18,160 Speaker 1: want to buy any stocks. And and it was like 590 00:30:18,200 --> 00:30:20,520 Speaker 1: around the time after the financial crisis, you know, the 591 00:30:20,600 --> 00:30:23,560 Speaker 1: two eight so I got really kind of down the 592 00:30:23,640 --> 00:30:27,480 Speaker 1: rabbit hole with like libertarianism and Ron Paul and gold 593 00:30:27,560 --> 00:30:30,840 Speaker 1: and all of that. So what I really wanted to 594 00:30:30,920 --> 00:30:34,160 Speaker 1: do was angel invest and um, so I started taking 595 00:30:34,200 --> 00:30:36,920 Speaker 1: some of my profits from my company where I was 596 00:30:36,960 --> 00:30:39,200 Speaker 1: an entrepreneur and I wanted to invest in other people 597 00:30:39,240 --> 00:30:41,760 Speaker 1: that have good ideas and and just kind of support 598 00:30:41,840 --> 00:30:45,360 Speaker 1: people and see people build out their vision. So it 599 00:30:45,360 --> 00:30:48,560 Speaker 1: took me ten years, but now I'm doing that thanks 600 00:30:48,560 --> 00:30:52,800 Speaker 1: to bitcoin. And my mission with my angel investing and 601 00:30:52,880 --> 00:30:56,720 Speaker 1: VC activities is I don't really want to do this 602 00:30:56,840 --> 00:30:59,360 Speaker 1: like the Silicon Valley type of VC where they're just 603 00:30:59,480 --> 00:31:02,200 Speaker 1: they're just like trying to get into these rounds and 604 00:31:02,240 --> 00:31:03,720 Speaker 1: they know they're going to dump it on the public 605 00:31:03,800 --> 00:31:07,080 Speaker 1: markets and to go public and make unicorns and get 606 00:31:07,080 --> 00:31:10,400 Speaker 1: a thousand X. I really care, like kind of like 607 00:31:10,440 --> 00:31:12,440 Speaker 1: what you were just saying, I really care about seeing 608 00:31:12,600 --> 00:31:16,479 Speaker 1: entrepreneurs build on bitcoin and and show the world what 609 00:31:16,520 --> 00:31:20,520 Speaker 1: bitcoin can do. So what I'm doing is kind of 610 00:31:20,560 --> 00:31:23,600 Speaker 1: like I'm kind of donating really like it's all the 611 00:31:23,600 --> 00:31:25,479 Speaker 1: way I look at it, like, I'm just I'm just 612 00:31:25,560 --> 00:31:29,239 Speaker 1: doing my duty as a bitcoiner. Two seed companies and 613 00:31:29,440 --> 00:31:33,040 Speaker 1: invest in bitcoin entrepreneurs who are resisting the urge to 614 00:31:33,080 --> 00:31:35,800 Speaker 1: go issue, and I c o or go issue with token, 615 00:31:36,240 --> 00:31:38,320 Speaker 1: and they're resisting that urge and they're staying true to 616 00:31:38,360 --> 00:31:41,479 Speaker 1: the mission of bitcoin because all the stuff that's happening 617 00:31:41,480 --> 00:31:44,600 Speaker 1: over in crypto world and on ethereum and all these blockchains. 618 00:31:45,080 --> 00:31:47,840 Speaker 1: That's all possible on bitcoin, and you can do it 619 00:31:47,880 --> 00:31:51,120 Speaker 1: without a token. But all the flashing lights and all 620 00:31:51,160 --> 00:31:53,760 Speaker 1: the Silicon Valley money and all this hedge fund money, 621 00:31:53,920 --> 00:31:57,400 Speaker 1: it's going. Most of it is going towards the crypto 622 00:31:57,520 --> 00:31:59,720 Speaker 1: stuff because there's all this foamo there. It's like dot 623 00:31:59,760 --> 00:32:03,960 Speaker 1: com two point oh. So what I like to see 624 00:32:04,200 --> 00:32:08,800 Speaker 1: is all these bitcoiners that are becoming wealthy and and 625 00:32:08,960 --> 00:32:12,760 Speaker 1: having their lives changed because they're their their conviction on bitcoin. 626 00:32:13,440 --> 00:32:16,680 Speaker 1: I like to see them investing in bitcoin only companies. 627 00:32:16,880 --> 00:32:19,680 Speaker 1: And it's been great man Like the last year especially, 628 00:32:19,920 --> 00:32:24,320 Speaker 1: you got bitcoin er ventures, Trammel Venture Partners, um. You've 629 00:32:24,320 --> 00:32:28,040 Speaker 1: got funds or charities like Brink, Bitcoin Open Sets, the 630 00:32:28,120 --> 00:32:34,360 Speaker 1: Human Rights Foundation, Um, there's Alice Alice uh. Block Stream 631 00:32:34,440 --> 00:32:37,720 Speaker 1: from block Stream's got a fund. Now there's thirty one 632 00:32:38,600 --> 00:32:43,320 Speaker 1: they There's there's like institutional investment going into bitcoin startups. 633 00:32:43,360 --> 00:32:46,120 Speaker 1: So it is really good to see that bitcoiners are 634 00:32:46,280 --> 00:32:50,320 Speaker 1: kind of starting their own angel investing syndicates and venture 635 00:32:50,360 --> 00:32:53,360 Speaker 1: capital groups and stuff to really direct capital and allocate 636 00:32:53,400 --> 00:32:57,280 Speaker 1: resources towards bitcoin entrepreneurs building on bitcoin. So I do 637 00:32:57,400 --> 00:32:59,479 Speaker 1: think that over the next few years we're gonna kind 638 00:32:59,480 --> 00:33:02,000 Speaker 1: of see what's coming out of this. Like you've got 639 00:33:02,000 --> 00:33:04,720 Speaker 1: things like Lolly and Fold and things that are like 640 00:33:04,760 --> 00:33:07,240 Speaker 1: consumer apps. You've got like Strike who's building out with 641 00:33:07,240 --> 00:33:09,400 Speaker 1: the peer to peer cash through the Lightning network. And 642 00:33:09,400 --> 00:33:12,640 Speaker 1: it's probably gonna be a unicorn someday because Jack Mallers 643 00:33:12,720 --> 00:33:16,160 Speaker 1: is just a beast. But then you've got um other 644 00:33:16,320 --> 00:33:19,600 Speaker 1: things like you were mentioning, like interesting other use cases 645 00:33:19,600 --> 00:33:23,040 Speaker 1: for Bitcoin. You've got third layers like entrepreneurs and bitcoin 646 00:33:23,080 --> 00:33:26,840 Speaker 1: developers and stuff are building like the Fabric protocol and 647 00:33:26,920 --> 00:33:29,120 Speaker 1: and these other layers on top of Bitcoin that are 648 00:33:29,160 --> 00:33:32,240 Speaker 1: interoperable with Lightning, Like that's years away. You've got people 649 00:33:32,240 --> 00:33:36,080 Speaker 1: who are building out bitcoin as an identity management system 650 00:33:36,120 --> 00:33:38,520 Speaker 1: to like be the new Internet, Like you could build 651 00:33:38,560 --> 00:33:41,840 Speaker 1: a new Internet on bitcoin with a third layer type 652 00:33:41,840 --> 00:33:45,680 Speaker 1: of solution. So none of this stuff needs tokens. Bitcoin 653 00:33:45,800 --> 00:33:49,440 Speaker 1: is the money, Bitcoin is the asset and the network. 654 00:33:50,000 --> 00:33:54,320 Speaker 1: And entrepreneurs that want to build on bitcoin, they used 655 00:33:54,360 --> 00:33:58,080 Speaker 1: to have basically a choice of like going broke selling 656 00:33:58,080 --> 00:34:00,800 Speaker 1: their bitcoin, missing the upside of bitcoin. To try to 657 00:34:00,800 --> 00:34:04,440 Speaker 1: build on bitcoin but thankfully now there's lots of angel 658 00:34:04,480 --> 00:34:08,560 Speaker 1: investors and stuff that are willing to fun bitcoin businesses 659 00:34:08,600 --> 00:34:09,960 Speaker 1: and you can see some of them on Bank to 660 00:34:10,000 --> 00:34:14,319 Speaker 1: the Future and sites like that. So yeah, as far 661 00:34:14,360 --> 00:34:17,760 Speaker 1: as like really cool useful I mean really cool unique 662 00:34:18,280 --> 00:34:21,440 Speaker 1: apps and stuff like that, most of its financial stuff 663 00:34:21,520 --> 00:34:23,640 Speaker 1: right now, there is some things like cool stuff like 664 00:34:23,800 --> 00:34:28,440 Speaker 1: Adam Curry is doing that that podcasting technology on Lightning Network. 665 00:34:28,760 --> 00:34:33,120 Speaker 1: A bunch of node running companies, um Gallowie Money is 666 00:34:33,160 --> 00:34:36,120 Speaker 1: doing something pretty interesting. They're doing like credit unions on 667 00:34:36,160 --> 00:34:38,960 Speaker 1: bitcoin through the Lightning Network, where communities kind of have 668 00:34:39,000 --> 00:34:42,160 Speaker 1: like bitcoin banks and nodes and they connect to the 669 00:34:42,160 --> 00:34:44,800 Speaker 1: credit union basically like they connect to the Bitcoin credit 670 00:34:44,920 --> 00:34:47,440 Speaker 1: union sort of thing that they're setting up. I mean, 671 00:34:47,480 --> 00:34:49,480 Speaker 1: this is this is like just the tip of the 672 00:34:49,520 --> 00:34:54,880 Speaker 1: iceberg for how big bitcoin can get and how decentralized 673 00:34:54,920 --> 00:34:57,480 Speaker 1: we can even make it even more. So I'm just 674 00:34:57,520 --> 00:34:59,239 Speaker 1: excited to see it. Like it kind of sucks to 675 00:34:59,280 --> 00:35:01,520 Speaker 1: see all the fra seen this happening over on on 676 00:35:01,600 --> 00:35:04,120 Speaker 1: the crypto side because it's a lot of dot com 677 00:35:04,200 --> 00:35:08,120 Speaker 1: two point oh bubbly nonsense. But then we got you know, 678 00:35:08,760 --> 00:35:12,480 Speaker 1: Jack from Twitter and uh, big companies like that that 679 00:35:12,520 --> 00:35:15,720 Speaker 1: are that are actually like aligning with the mission of bitcoin, 680 00:35:15,760 --> 00:35:19,760 Speaker 1: has peer to peer, decentralized cash, and a sound money, 681 00:35:19,880 --> 00:35:23,799 Speaker 1: like Austrian type of sound money. So it's really good 682 00:35:23,800 --> 00:35:28,520 Speaker 1: to see like that type of UM. They're they're not 683 00:35:28,600 --> 00:35:31,440 Speaker 1: just doing it for money, They're doing it for altruistic 684 00:35:31,480 --> 00:35:35,600 Speaker 1: reasons and principled reasons. So I'm more excited by seeing 685 00:35:35,600 --> 00:35:38,960 Speaker 1: that uptick than i am by like some unicorn company 686 00:35:38,960 --> 00:35:40,960 Speaker 1: that might go with thousand next on the stock market 687 00:35:41,080 --> 00:35:44,600 Speaker 1: or something like that. Well, I think the problem is that, 688 00:35:44,640 --> 00:35:46,759 Speaker 1: you know, with the I c O craze as you 689 00:35:46,840 --> 00:35:49,560 Speaker 1: kind of referred to UM, it's pretty easy for somebody 690 00:35:49,600 --> 00:35:52,000 Speaker 1: to go UM launch a token and go raised twenty 691 00:35:52,040 --> 00:35:54,440 Speaker 1: million bucks to go build out a project, but to 692 00:35:54,480 --> 00:35:56,880 Speaker 1: build an application that goes on top of the Bitcoin protocol. 693 00:35:56,920 --> 00:36:00,120 Speaker 1: Because there is no UM token, you can't just go 694 00:36:00,160 --> 00:36:01,840 Speaker 1: get twenty million dollars out at than air and so 695 00:36:01,880 --> 00:36:03,840 Speaker 1: then you're forced to kind of go the traditional route, 696 00:36:04,000 --> 00:36:06,200 Speaker 1: which is get the friends and family, get the angels, 697 00:36:06,239 --> 00:36:08,640 Speaker 1: get the get the venture capitalist, et cetera to invest 698 00:36:08,680 --> 00:36:11,600 Speaker 1: into your company. So it's, uh, it's the older, more, more, 699 00:36:12,120 --> 00:36:15,759 Speaker 1: you know, more older model UM that just it. It 700 00:36:15,800 --> 00:36:18,680 Speaker 1: takes longer, but of course all good things take time, UM, 701 00:36:18,760 --> 00:36:21,719 Speaker 1: and so UM rushing out to build UM. You know 702 00:36:21,719 --> 00:36:25,279 Speaker 1: your own token isn't probably the best long term sustainable 703 00:36:25,280 --> 00:36:28,839 Speaker 1: option UM. But that's great, Brad. I agree. I mean, 704 00:36:28,840 --> 00:36:32,000 Speaker 1: there's so much good things going on. I think it's 705 00:36:32,000 --> 00:36:33,399 Speaker 1: going to change the world, and I think it's gonna 706 00:36:33,400 --> 00:36:36,920 Speaker 1: be bigger than most people even realize. But you're listening 707 00:36:36,920 --> 00:36:39,160 Speaker 1: to the markma Show each week where I talk about 708 00:36:39,200 --> 00:36:42,040 Speaker 1: bitcoin and I talk about this decentralized revolution, really trying 709 00:36:42,040 --> 00:36:45,520 Speaker 1: to give you, UM the asymmetric information. That's information most 710 00:36:45,520 --> 00:36:49,080 Speaker 1: people don't know, so you can have the asymmetric opportunity 711 00:36:49,120 --> 00:36:51,759 Speaker 1: the upside that most people won't have. UM. I'm just 712 00:36:51,840 --> 00:36:54,080 Speaker 1: joined with Brad Mills. You can find them on Twitter 713 00:36:54,239 --> 00:36:57,319 Speaker 1: at Brad Mills. Can UM send him a message, send 714 00:36:57,400 --> 00:37:00,440 Speaker 1: him a question? UM one Mark Moss on Twitter also 715 00:37:00,480 --> 00:37:03,360 Speaker 1: add me and send me a question, Brad. Anything you 716 00:37:03,360 --> 00:37:06,560 Speaker 1: want to direct people to while I got you last minute? Yeah? Thanks. 717 00:37:06,600 --> 00:37:11,320 Speaker 1: I just finished this short film that is everybody's been 718 00:37:11,360 --> 00:37:14,680 Speaker 1: talking about it on Twitter and in my personal life. 719 00:37:15,000 --> 00:37:18,000 Speaker 1: It's called this Machine Greens dot com and it's a 720 00:37:18,280 --> 00:37:21,279 Speaker 1: really well done short film by a filmmaker friend of mine, 721 00:37:21,360 --> 00:37:24,000 Speaker 1: Jamie King, that talks about the truth behind the bitcoin 722 00:37:24,120 --> 00:37:26,440 Speaker 1: energy conversation, so you can get a bit bit more 723 00:37:26,560 --> 00:37:28,880 Speaker 1: educated on that you know, a bitcoin is bad for 724 00:37:28,920 --> 00:37:31,880 Speaker 1: the environment, myth that everybody seems to be falling for 725 00:37:32,840 --> 00:37:35,839 Speaker 1: this machine, greens. Go check it out. And that's it. 726 00:37:35,880 --> 00:37:38,080 Speaker 1: Thanks so much, Brad, We'll see you later. Thank you. 727 00:37:38,480 --> 00:37:40,319 Speaker 1: With that, I gotta wrap it up. Thanks for listening 728 00:37:40,360 --> 00:37:41,239 Speaker 1: to The Mark Mosch Show.