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Speaker 1: Hey, welcome back to another episode of The Mark Moss Show,

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Speaker 1: where we talk about the intersection of politics, finance, and technology,

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Speaker 1: which of course is bitcoin. We're talking about the decentralized

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Speaker 1: revolution that the world is going through. I am coming

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Speaker 1: to you from South Beach, Miami, Florida. I am here

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Speaker 1: for the Bitcoin two conference. It is going off. We

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Speaker 1: got forty people are expected to be here. Man, it's

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Speaker 1: growing fast. I am sitting down with Bitcoin's a You

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Speaker 1: can find him on Twitter at bitcoin z z a Y.

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Speaker 1: We're talking with Isaiah. He is the whole, or the author,

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Speaker 1: i should say, of the number one best selling book,

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Speaker 1: Bitcoin and Black America. What's up, a h. We actually

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Speaker 1: met in person for the first time in Miami. I

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Speaker 1: think it was December. Was it December of last year? November? Yeah,

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Speaker 1: we're at Michael Saylor's house having a barbecue. That was

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Speaker 1: pretty good. That was pretty good. Uh, you're a Scott Milcher, right.

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Speaker 1: I think he's around here around here somewhere. I'm supposed

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Speaker 1: to see him. Haven't seen him yet. Yeah, shout out

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Speaker 1: to Scott. Thanks for the invite. Great speaking with Sailor

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Speaker 1: and everybody. So yeah, that was cool. So it's a

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Speaker 1: bitcoin in Black America. Why you got to write a

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Speaker 1: book on that, because I wanted my community to make

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Speaker 1: sure we're a part of the new digital revolution and

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Speaker 1: we don't miss it the opportunity to build like we

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Speaker 1: did during the Internet age. I mean, my parents, uh,

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Speaker 1: and a lot of my older relatives, they didn't take

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Speaker 1: the Internet serious and they had the opportunity to build.

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Speaker 1: The nineties just kind of let it pass by. So

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Speaker 1: this time around, bitcoin is going to be mainstream, so

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Speaker 1: the black community has to be involved. That's all it is.

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Speaker 1: And one of the main things in our community that's

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Speaker 1: always been discussed as equal opportunity. What's more equal than bitcoin?

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Speaker 1: More work you put in more, big point, you get

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Speaker 1: better a life long time. Yeah, so you know I

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Speaker 1: preach the same thing, right Like I've for for a

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Speaker 1: dozen years. I've been researching transfers because two thous I

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Speaker 1: got my butt kicked and I lost all my wealth

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Speaker 1: and I found out all my wealth transferred to somebody else.

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Speaker 1: I didn't like that. So I've been studying these you know,

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Speaker 1: phenomenons of wealth transfers, how they work, what events set

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Speaker 1: set them up obviously, um, and you know volatility of

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Speaker 1: the markets like in two thoight causes it, but also

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Speaker 1: like new technology, to your point, there's a good opportunity here. Um.

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Speaker 1: And you you mentioned equal opportunity. I mean everyone has

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Speaker 1: the opportunity to jump in and jump in. It's open source,

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Speaker 1: it's permission list. Nobody needs permission, right, so everybody can

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Speaker 1: just jump in and take advantage of it. Um, So

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Speaker 1: it is an equal opportunity for everybody. Um. Do you

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Speaker 1: think that the black community needs like a special invite that, like,

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Speaker 1: I mean, don't we just want to tell everybody that's

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Speaker 1: equal opportunity to jump in? Uh? I wish it was

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Speaker 1: that way. Theoretically speaking, everybody should just get the message.

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Speaker 1: But practice a lot of times seeing a black face

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Speaker 1: it gets them more open to listening. And it's it's

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Speaker 1: sort of disheartening that people can't just get the information

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Speaker 1: and get it. But I understand how people work. So

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Speaker 1: what we saw was in two thousand nineteen black community

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Speaker 1: was least likely to use Big one in crypto and

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Speaker 1: then recent pole now we're more likely this year, which

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Speaker 1: I believe over the past few years, a lot of

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Speaker 1: the changes in the economy, COVID, a lot of the

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Speaker 1: market stuff started pushing towards big play more so I

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Speaker 1: realized that's what was needed. And of course long term

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Speaker 1: it's for everybody. So the message is gonna be Yeah,

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Speaker 1: it doesn't matter about race, religion, social status. But I

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Speaker 1: think these groups that were, you know, basically divided into

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Speaker 1: whatever subsection you put yourself into, they need a good

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Speaker 1: Bitcoin message, not the number go up, get rich tomorrow scheme.

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Speaker 1: So yeah, it's certainly nice to have somebody that you

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Speaker 1: can identify with. You know, I'm I'm. I grew up

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Speaker 1: racing dirt bikes. I love racing dirt bikes, and one

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Speaker 1: of the best dirt bike racers in the world. James

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Speaker 1: Stewart is a black guy, you know, and uh, you know,

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Speaker 1: once he got in and he he was the best.

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Speaker 1: I mean, he was insane, and you know, then it

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Speaker 1: just I think, you know, other black people, but I said,

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Speaker 1: oh well we can do that too, right and stuff.

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Speaker 1: So there's some of that. So I get that and

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Speaker 1: no different than any other you know, women, the same thing,

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Speaker 1: right if a woman can do it, like other women

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Speaker 1: are like, oh shoot, if they can do what I

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Speaker 1: can do too, So I guess the same thing there.

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Speaker 1: I can also say to the media, does a good

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Speaker 1: job of the portrayal of the bitcoin community being only

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Speaker 1: white males, and they use that as like a negative.

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Speaker 1: It's only white white males getting it's even exclusive, the

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Speaker 1: same exclusive club white males a getting rich again and

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Speaker 1: nobody else is in the market, which is um, that

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Speaker 1: is not something that is even remotely close. We have

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Speaker 1: a global market. Uh, And somehow the media message is

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Speaker 1: still the same. It's a bad evil white man taking

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Speaker 1: over again. And yeah, a little uh, a little disheartened

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Speaker 1: thing about that too. So yeah, let's talk about that

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Speaker 1: for a minute. Um, you're listening to the Mark Ma Show.

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Speaker 1: I'm sitting down with bitcoin z A. I'm talking with

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Speaker 1: Isaiah the author of Bitcoin Black. What was it Bitcoin

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Speaker 1: in Black America? Sorry, Bitcoin in Black America. Um, we're

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Speaker 1: talking about bitcoin. We're at the Bitcoin conference in Miami.

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Speaker 1: But um, let's go back to just you know, the

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Speaker 1: black and white thing or what not even black and white.

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Speaker 1: Just we're in a world today of identity politics and

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Speaker 1: they're trying to break us down by our identities. So

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Speaker 1: to your point, um, it's uh, you know, white men

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Speaker 1: to your point in bitcoin, but maybe two women is

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Speaker 1: just men in bitcoin. So it's like whatever they can divide. Hey,

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Speaker 1: men versus women, white men versus black men, gay men

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Speaker 1: versus straight men, I mean like religious, non religious, I

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Speaker 1: mean all of that still use the same subsections to

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Speaker 1: divide us up and then there and then they're trying

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Speaker 1: to break us down to the lowest common that. I'm

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Speaker 1: very well, it's like, well, I'm a woman, who, I'm

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Speaker 1: a black woman, who I'm a gay black woman. Well,

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Speaker 1: I'm like, just keep it, just keep it going, you know.

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Speaker 1: But um, but I like to say that we don't

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Speaker 1: align on identities, relign on values exactly right. You agree

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Speaker 1: with that absolutely, and I think more people need to

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Speaker 1: understand that that is how has always been. It's just

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Speaker 1: on the surface level. People have used those inviders to

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Speaker 1: put us in the groups. But once you get into groups,

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Speaker 1: you realized, I don't know, agree with these everybody, And yeah,

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Speaker 1: so you have to identify with people. I identify with bitcoinners.

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Speaker 1: That's pretty much it. And we identify with different groups

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Speaker 1: at different times. So I'm a surfer, so sometimes I'm

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Speaker 1: in my surfing group, but I don't agree with everybody

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Speaker 1: in on a surfing group, and I'm there because we

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Speaker 1: align on surfing. And then you know here, I'm in

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Speaker 1: a Bitcoin group and I'm align with these guys in

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Speaker 1: but I don't align with them on everything. And then

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Speaker 1: later I'm gonna go back and be in a California group.

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Speaker 1: And is that what should be thank for yourself? You

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Speaker 1: don't have to, you know, be a part of the

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Speaker 1: crowd and oh we all agree together and the whole

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Speaker 1: the bubble people put themselves in where everybody agrees, we're

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Speaker 1: here for this, we agree on this. Cool, and then

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Speaker 1: move on. Yeah. Yeah, do you think uh, I mean,

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Speaker 1: do you think that message has really been getting exaggerated

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Speaker 1: me and really trying to break us down from identities

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Speaker 1: you said? I think you said earlier like that's how

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Speaker 1: it used to be. Uh as far as the identity, well,

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Speaker 1: in my mind, that's how it used to be because

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Speaker 1: I don't see any oppression stopping anybody from anything. Uh.

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Speaker 1: It may be a little harder for you, maybe a

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Speaker 1: little easier for some people, but there's nothing stopping you today.

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Speaker 1: And I think that's the biggest message people need to get.

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Speaker 1: And the media is constantly trying to tell, uh, tell

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Speaker 1: people why they're oppressed, but why they can't do something,

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Speaker 1: which is the opposite message. You should be giving people.

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Speaker 1: I'm telling people why they can succeed and why you

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Speaker 1: do have equal opportunity. No more excuses. So what you're

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Speaker 1: gonna do now? And uh, I want to shout out

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Speaker 1: to Mark you, but I remember he did a interview

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Speaker 1: in the two thousands. He said the reason why I

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Speaker 1: have a state of the art locker room with TVs

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Speaker 1: and the best So no more excuses. I don't want

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Speaker 1: to hear. We can win the championship. You have everything.

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Speaker 1: You have the best doctors, you have the best medical staff, everything,

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Speaker 1: So no more excuses. And that's that's where I'm at now. Yeah. So, UM,

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Speaker 1: you have in front of you right there my new

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Speaker 1: book I just wrote with Alex Fetzki. It's called The

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Speaker 1: Uncommunist Manifesto. So we took the Commons Manifesto we wrote

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Speaker 1: it called the Uncommunist Manifesto. And in the Communis Manifesto

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Speaker 1: Carl Marks um, By the way, if you're listening to

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Speaker 1: check out Uncommunist dot com. We're still in the book

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Speaker 1: launch you can support UM Uncommunist dot com. But in

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Speaker 1: the original Commons Manifesto, Carl Marks talks about UM dividing

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Speaker 1: people by two classes, rich and poor, proletariat and boo

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Speaker 1: UZI I don't know what the definition is of rich

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Speaker 1: and poor, Like, at what point do you cross into

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Speaker 1: the booze bussie? And then if I happen to fall

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Speaker 1: into that kind of what does that automatically mean I'm

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Speaker 1: an oppressor? Like like, you just worked hard to make

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Speaker 1: a lot of money, you must be person. Yeah, now

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Speaker 1: I gotta be like like, but but at what point,

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Speaker 1: like you know what I mean? Like Biden says, they

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Speaker 1: won't attacks of a four thousand, but if you live

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Speaker 1: in like southern California, four in thousand doesn't go as

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Speaker 1: far as it does in Kansas, for example. Right, So

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Speaker 1: it's like, uh so dividing, dividing these things. But back

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Speaker 1: to kind of this identity, they break it down and

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Speaker 1: then they make the in in the comin ofesto, they

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Speaker 1: make the oppressed, the proletariat victims. You can't get ahead

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Speaker 1: because of these evil capitalists. You have nothing to offer

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Speaker 1: to the market. They say that the proletariat has nothing

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Speaker 1: to offer but their labor, and their labor won't ever

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Speaker 1: turn into capital. So hey, it's not your fault. You

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Speaker 1: don't have anything to offer. All you have is your labor,

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Speaker 1: they don't value that, and it's just like victim victim, victim,

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Speaker 1: victim victim, you know, and it's like, so if we

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Speaker 1: don't go take from these guys, then what are you

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Speaker 1: gonna do? And so that's really how they frame that up. Um,

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Speaker 1: you're listening to the Mark mos Show. I'm sitting down

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Speaker 1: with Isaiah Uh. You can find them on Twitter at

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Speaker 1: Bitcoin's a that z A. Y is the author of

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Speaker 1: the book Bitcoin and Black America, number one best selling book,

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Speaker 1: so you should check it out Bitcoin in Black America.

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Speaker 1: We're coming to you from the Bitcoin conference in Miami

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Speaker 1: about forties thou people are descending here. Um, we got

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Speaker 1: a lot more to dig into with bitcoin Esa when

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Speaker 1: we get back in a second, So do not go away,

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Speaker 1: all right, welcome back. You are listening to the Mark

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Speaker 1: Moa Show. We're talking about the intersection of politics, finance,

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Speaker 1: and technology, which of course is bitcoin, and it is

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Speaker 1: taking us into the decentralized revolution. The entire world is

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Speaker 1: changing as we speak, right before very eyes. We're talking

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Speaker 1: about before the break, this identity politics. Isaiah Bitcoin's wrote

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Speaker 1: this book, Bitcoin and Black America, and we're talking about

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Speaker 1: some of this identity politics. Um, and it coincides with

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Speaker 1: this book that I just wrote, which is the Uncommunist Manifesto,

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Speaker 1: because um, Karl Marks in the original Commons Manifesto also

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Speaker 1: kind of started this identity politics if you will. Um,

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Speaker 1: it wasn't black and white, it was rich and poor.

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Speaker 1: But it's kind of the same thing. Um. One of

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Speaker 1: the things that Alex and I addressed in that book

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Speaker 1: was why is that book? Why is that ideology so attractive? Then? Uh,

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Speaker 1: like you know, it's a hundred and seventy five years

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Speaker 1: and it just like the book won't go away like, um,

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Speaker 1: but it it. Why do you think ideas like identity

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Speaker 1: politics victimhood if you will are so attractive to certain

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Speaker 1: groups of people. Well, it's easier to complain and basically

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Speaker 1: say there's no way out and then say, well, everything

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Speaker 1: is somebody else's fault. It's always easier. It's easier to

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Speaker 1: be lazy that we just know how that is. That's

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Speaker 1: it exactly, And I've never really seen people work hard

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Speaker 1: and not succeed. It may take a little longer, Like

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Speaker 1: I said before, maybe some people had it easier, but

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Speaker 1: I don't see whether division and classes at division and

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Speaker 1: race how that is the reason why you're not succeeding.

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Speaker 1: That's that's that's market. Uh So, No, granted some people

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Speaker 1: might have it harder than others. We all we're all

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Speaker 1: dealt with different hands, exactly. Yes, And I think when

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Speaker 1: you see some of the international problems that we've seen

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Speaker 1: in other countries, you start to compare yourself. You're the

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Speaker 1: top ten percent if you have a car in the house,

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Speaker 1: I mean basically the top ten per cent of the world.

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Speaker 1: So it's it really depends on how you look at it. So, um,

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Speaker 1: I think that's easy. That's the low hanging fruit. Just

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Speaker 1: tell people they're victims and you don't have to ever

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Speaker 1: deal with them trying to succeed. Tell people they can succeed. Now,

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Speaker 1: all of a sudden, you have way more competition and

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Speaker 1: people who are actually confident in their abilities. So a

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Speaker 1: lot of times I think that's being used to suppress

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Speaker 1: people's mindset, which that's really all it takes is a

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Speaker 1: change of mindset to say I want to succeed, and

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Speaker 1: then once you have that, you have generations of people

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Speaker 1: telling them, oh, yeah, you can't succeed anyway, you can't

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Speaker 1: make it out of here anyway. So yeah, unfortunate, but

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Speaker 1: it does happen. I think that's a big reason that's

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Speaker 1: still going on. Yeah. Yeah, people just like to be

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Speaker 1: that victim. So if we bring this back to bitcoin

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Speaker 1: and back to your book, Um, so you're really encouraging

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Speaker 1: empowering black people, like, hey, this is opportunity. You have

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Speaker 1: any co opportunities permission list, everyone can join, you know,

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Speaker 1: get in, really get this wealth and benefit from that

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Speaker 1: wealth transfer. Um, which I like. So, Um, how's that

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Speaker 1: been received. It's been It's been pretty good. I have

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Speaker 1: had some pushback from a lot of people who it's

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Speaker 1: unfortunately some people don't want to be free. Yeah, it's

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Speaker 1: too much work. You can show somebody freedom and they'll

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Speaker 1: still say no, simply because they have to put work in. Uh.

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Speaker 1: And unfortunately, we're starting to see people, uh use other

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Speaker 1: reasons why they don't like bitcoin, Like for the first

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Speaker 1: time ever, the environmental things started coming up amongst people

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Speaker 1: that I've been on book tour and seen. So that

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Speaker 1: maybe just another reason why they don't want to get

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Speaker 1: into it or don't understand it. But it's been well received.

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Speaker 1: I had a book tour nationwide. Um, and I really

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Speaker 1: only have one person argue with me. It was funny.

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Speaker 1: By the end of argument, he already told me that, well,

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Speaker 1: I do own bitcoin, but I just wanted to go

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Speaker 1: back and forth. All right, well, but I have I

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Speaker 1: have seen it. I have seen the media angling bitcoin

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Speaker 1: where it's you know, to your point you made earlier,

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Speaker 1: just like white you know, old white rich guys kind

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Speaker 1: of thing or whatever. Um do you think if they

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Speaker 1: position it like that, then the black community wouldn't want

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Speaker 1: to adopt it, like, oh, it's for them, Like, we're

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Speaker 1: not gonna do that kind I think that's the play.

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Speaker 1: The chasm I'm waiting for is the fact that the

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Speaker 1: Democratic Party we vote like in our community, that's the

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Speaker 1: party that's pushing that bitcoin is not available for minorities,

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Speaker 1: or that it's environmental issue, or that is going to

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Speaker 1: cause uh or that is causing inflation, whatever they can

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Speaker 1: use to keep communities out of bitcoin, which is hilarious

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Speaker 1: because if you say you're for the people that voted

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Speaker 1: for you, why don't you push that message? So that

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Speaker 1: chasm is coming soon. There's a lot of black people

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Speaker 1: who understand that message is intcorrect. We have the information

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Speaker 1: there now, and that's gonna be interesting to see. I

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Speaker 1: think the next primary people are gonna start looking at

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Speaker 1: more people who have pro bitcoin. And it's on both

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Speaker 1: sides of the aisle. So yeah, it's really more about

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Speaker 1: economics at this point. Yeah, we've seen a lot of

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Speaker 1: very prominent black athletes, um come out like heavy pro bitcoin.

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Speaker 1: There was Wrestle of Kong. I think he was like

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Speaker 1: the big one. He was really pushing in. But here

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Speaker 1: at the bitcoin conference we have Serena Williams, Um, she

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Speaker 1: needs no introduction, and she's in investing into these big

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Speaker 1: wain companies. And then um, what's his name, the other

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Speaker 1: football or the Odell Beckham, Odell Beckham, he's here and

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Speaker 1: so we're starting to see that that's got to be helping.

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Speaker 1: I would imagine a lot. Yeah, definitely with marketing. Uh,

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Speaker 1: people look up to athletes, they look up to entertainers.

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Speaker 1: When they say it, they listen to them. But one

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Speaker 1: thing I would like to change in the black community

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Speaker 1: is that our quote unquote leaders are just entertainers and

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Speaker 1: people play sports. That's one thing I don't see a

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Speaker 1: lot in other communities. Or is that is that? Is

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Speaker 1: that true? Though? I mean we had a black president,

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Speaker 1: we have a black vice president. I mean exactly, Well

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Speaker 1: that's what I'm talking about what we consist stereotypically, what

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Speaker 1: we consider the people who influence the youth. And by

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Speaker 1: that I mean it's it's not a lot of businessmen,

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Speaker 1: it's not a lot of authors and economists in the

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Speaker 1: black community that are held that high right right right,

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Speaker 1: the community themselves are looking more up. And that's what

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Speaker 1: I would like to shift, is that real thought leaders

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Speaker 1: and the people changing things are at the top. That's

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Speaker 1: what you're listening to. And then entertainment, sports whatever, they're cool.

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Speaker 1: But unfortunately for right now, if you know Jay Z

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Speaker 1: or if somebody who's you know, pretty popular community says it,

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Speaker 1: their word is bigger than somebody like myself, which again

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Speaker 1: I've been in the space almost ten years, and uh,

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Speaker 1: you know, some of these famous people are just getting

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Speaker 1: in just now. You don't even know how to explain

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Speaker 1: anything to you. So hopefully that changes, but it is

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Speaker 1: needed because that is where we are right now. People

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Speaker 1: who look at social media and TV all times, so

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Speaker 1: that's what they look up to. So let's talk about

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Speaker 1: bitcoin a little bit and then back to the tie

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Speaker 1: back to the black community. But um, a lot of

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Speaker 1: times people look at bitcoin and and uh, well you

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Speaker 1: mentioned like um, entertainers and athletes, right, so like, um,

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Speaker 1: it seems like uh, and not specifically black community or

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Speaker 1: any any in identity, but just overall in the United States,

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Speaker 1: we're really starting to like demonize rich people like, oh,

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Speaker 1: Jeff Bezos, he's you know, he's greedy, he's a crook

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Speaker 1: or Elon Musk or whatever. Right, and we're demon demon

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Speaker 1: is enriched people. But then like in sports, like Lebron

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Speaker 1: James is like the best basketball player or whatever, and like, uh,

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Speaker 1: nobody demonizes Lebron James for being so good at basketball

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Speaker 1: making a bunch of money. So what do you think

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Speaker 1: the difference is, Like, why would somebody demonize, uh, someone

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Speaker 1: making a lot of money but not someone who dominates. Similarly,

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Speaker 1: but in sports, I think it's the thought process that

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Speaker 1: the rich should be giving back to whoever whoever doesn't

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Speaker 1: have it. It's this thought process. I think the media's

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Speaker 1: brain watched people into thinking that the wealth someone else

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Speaker 1: has should be redistributed, much like the communist original Communist

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Speaker 1: Manifesto was saying, and that if it isn't that they're evil,

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Speaker 1: people do in reality the money. You know, what about

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Speaker 1: Lebron James, he's super rich. Oh yeah, yeah, and I

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Speaker 1: don't get I mean, people like it because I think

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Speaker 1: they think he deserves it because he's the best of

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Speaker 1: what he does. But they don't look at Jeff bezos Hays,

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Speaker 1: the Lebron James for his industry or other CEOs as

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Speaker 1: the Lebron James. They don't know how much work they

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Speaker 1: put in in order to get to that point. Uh.

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Speaker 1: They see him on TV, and I think that's more

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Speaker 1: of the differences that oh, he's on TV, he's famous,

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Speaker 1: he should have this money, and then when somebody else

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Speaker 1: achieves something gets to billion their status, Uh, they usually

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Speaker 1: thinks himself, well, you had to step on somebody to

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Speaker 1: get there, or you had to do something the furious Unfortunately,

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Speaker 1: you know, I hope that's not people stop for us

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Speaker 1: this long term. But I think the rich have always

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Speaker 1: been looked at, is hated because a lot of the

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Speaker 1: Communist Manifesto has been pushed that thought process throughout education system.

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Speaker 1: I always hate the rich, even if you become one

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Speaker 1: of them. Uh, even if you become rich, people are

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Speaker 1: apologizing unless unless you're Jay Z or your Lebron James,

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Speaker 1: then they're not hated. And Jay Z is a billionaire.

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Speaker 1: No one's hating him over it. People like you, Yeah, yeah,

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Speaker 1: I well, you know, one is like you said, looked

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Speaker 1: up to um. One is not right, one is more famous,

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Speaker 1: one is not. One drives culture, one doesn't. I have

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Speaker 1: my own ideas about that. I'll tell you what I

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Speaker 1: think about it that in a minute, and we'll bring

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Speaker 1: it back to bitcoin, because I think it's an important

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Speaker 1: piece that I think bitcoin can fix. And like a

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Speaker 1: lot of other things, you're listening to the Markma Show,

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Speaker 1: I am sitting down with Isaiah bitcoin zas the author

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Speaker 1: of Bitcoin and Black America, and we are coming to

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Speaker 1: you from Miami Beach, Florida right now for the Bitcoin Conference.

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Speaker 1: About forty thou people coming into town for this. It

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Speaker 1: is growing fast. We talked about early on if you're

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Speaker 1: with us, Isaiah was talking about how this is a

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Speaker 1: big opportunity for black of my it's a big opportunity

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Speaker 1: for everybody. UM. And it is still early, so you

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Speaker 1: haven't missed your chance. Um, if you haven't bought some bitcoin,

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Speaker 1: I have five dollars worth. Buy five dollars worth. You're

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Speaker 1: gonna spend more than that on lunch. Get in, but

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Speaker 1: don't go away. We'll be right back with more. All right,

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Speaker 1: welcome back. You are listening to the Mark Mo Show.

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Speaker 1: We're talking about bitcoin. We're talking about the decentralized revolution

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Speaker 1: that is happening all across the world as we speak.

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Speaker 1: It's literally changing the world before varies. I'm coming to

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Speaker 1: you from Miami Beach from the Bitcoin Conference two and

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Speaker 1: I'm sitting down with Isaiah we're talking with he's on

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Speaker 1: Twitter at Bitcoin's a author of Bitcoin and Black America.

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Speaker 1: And before the break, we're kind of talking about it's

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Speaker 1: a big opportunity for Black America. That's that's his book

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Speaker 1: is about. It's a big opportunity for everybody. Um, And

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Speaker 1: we're talking about some some of this identity politics. It's

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Speaker 1: really separated the black community, but to separate everybody's sexes

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Speaker 1: and races and genders and preferences and all that today. Um,

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Speaker 1: but I was asking you, you know, uh, we're talking about, um,

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Speaker 1: why why you might look at Lebron James being so

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Speaker 1: good and uh and so rich and nobody demonizes him.

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Speaker 1: But if Jeff Bezos or Elon Musk gets rich, then

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Speaker 1: people dominates them. And I've I've thought about this quite

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Speaker 1: a bit, and I was thinking. It's that people view

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Speaker 1: the rules of basketball are fair. The rules of basketball

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Speaker 1: are fair, but everybody knows the rules of the financial

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Speaker 1: system are not fair. I know that for Lebron James

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Speaker 1: to be the best basketball player, he's played by the

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Speaker 1: same rules and guidelines as every other player. But I

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Speaker 1: look at these rich people in the financial system and

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Speaker 1: they have not played by the same rules. Now, um,

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Speaker 1: we're all we're all dealt with different hands. Lebron James

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Speaker 1: is genetically gonna. I'll never compete with him. I'm not

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Speaker 1: as dull as him. Yeah, you know. I mean I'll

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Speaker 1: never compete with him. Nor did I have parents like

423
00:19:54,080 --> 00:19:57,359
Speaker 1: he had. And his parents probably gave him good genetics,

424
00:19:57,400 --> 00:19:59,000
Speaker 1: and they probably pushed him from a young age, and

425
00:19:59,000 --> 00:20:01,560
Speaker 1: he's probably played, know, worked really hard his whole life.

426
00:20:01,800 --> 00:20:03,920
Speaker 1: I didn't have that. My parents didn't teach me. My

427
00:20:03,960 --> 00:20:06,040
Speaker 1: dad doesn't play basketball. He didn't teach me how to play.

428
00:20:06,400 --> 00:20:08,080
Speaker 1: My parents didn't push me to do that. So I

429
00:20:08,119 --> 00:20:12,679
Speaker 1: didn't have the same opportunity as him. Um, but I

430
00:20:12,720 --> 00:20:14,680
Speaker 1: could have. I mean, I still could have gone and

431
00:20:14,720 --> 00:20:17,639
Speaker 1: play basketball. I mean, there were kids in my neighborhood playing,

432
00:20:17,720 --> 00:20:20,199
Speaker 1: white kids playing basketball. I could have done it, but

433
00:20:20,240 --> 00:20:22,320
Speaker 1: I didn't. But I don't view that as wrong because

434
00:20:22,359 --> 00:20:23,760
Speaker 1: we played by the same rules. And so what do

435
00:20:23,760 --> 00:20:26,280
Speaker 1: you think about that? Oh? Yeah, well I didn't agree

436
00:20:26,280 --> 00:20:28,120
Speaker 1: with that. Like you said, people look at the financial

437
00:20:28,119 --> 00:20:32,520
Speaker 1: system think it's unfair in different spots. You look at basketball, football, baseball, whatever,

438
00:20:32,520 --> 00:20:34,920
Speaker 1: professional sports, they all play the same rules. So yeah,

439
00:20:34,920 --> 00:20:37,000
Speaker 1: I didn't agree with that. And I also think, uh,

440
00:20:37,280 --> 00:20:41,520
Speaker 1: anything that you're blessed with, like Lebron's ability, you know, size,

441
00:20:41,800 --> 00:20:45,439
Speaker 1: uh people, you know, anybody in the sports industry usually

442
00:20:45,440 --> 00:20:47,639
Speaker 1: blessed that way. Use what you have to get what

443
00:20:47,720 --> 00:20:50,320
Speaker 1: you want. And I think that's what people are misconstrolling

444
00:20:50,359 --> 00:20:52,280
Speaker 1: with the financial side, is people were using what they

445
00:20:52,280 --> 00:20:54,480
Speaker 1: had to get what they want. Um, they just didn't

446
00:20:54,520 --> 00:20:56,439
Speaker 1: play by the same set of rules. Yeah, and if

447
00:20:56,440 --> 00:20:58,720
Speaker 1: you look at basketball. Again, I'm not a basketball player,

448
00:20:58,760 --> 00:21:00,439
Speaker 1: so but I still have the analogy. But like you

449
00:21:00,520 --> 00:21:02,600
Speaker 1: have like a big player like Lebron and maybe a

450
00:21:02,640 --> 00:21:07,520
Speaker 1: little player like Curry, and they're totally different, but they

451
00:21:07,560 --> 00:21:09,679
Speaker 1: still have to abide by the same set of rules,

452
00:21:09,720 --> 00:21:13,240
Speaker 1: but the way they approached the game is different because

453
00:21:13,280 --> 00:21:15,600
Speaker 1: of their strengths and weaknesses they have. Even though the

454
00:21:15,680 --> 00:21:18,480
Speaker 1: rules are set, whereas in the financial system the rules.

455
00:21:18,480 --> 00:21:21,280
Speaker 1: The rules get changed today and so well, I will

456
00:21:21,280 --> 00:21:23,600
Speaker 1: say with Steph, I grew up with Stephan Charlotte, playing

457
00:21:23,640 --> 00:21:25,480
Speaker 1: basketball with him. I think I'm the last person to

458
00:21:25,520 --> 00:21:28,359
Speaker 1: beat him a three point Oh that's a big claim.

459
00:21:29,280 --> 00:21:33,119
Speaker 1: It's true. I beat him at his dad's camp. Uh.

460
00:21:33,119 --> 00:21:35,199
Speaker 1: But I will say about him is the advantage he

461
00:21:35,240 --> 00:21:37,760
Speaker 1: had was his dad playing NBA, So his dad knew

462
00:21:37,760 --> 00:21:39,760
Speaker 1: exactly what workouts to do for him and his brother

463
00:21:39,880 --> 00:21:41,800
Speaker 1: to be better than people who were small, you know,

464
00:21:41,840 --> 00:21:44,239
Speaker 1: other smaller guards. So they have sent it past everybody else.

465
00:21:44,240 --> 00:21:45,679
Speaker 1: So he used what you have, used what you have

466
00:21:45,800 --> 00:21:47,440
Speaker 1: to get where you're at. Because Lebron didn't have any

467
00:21:47,520 --> 00:21:50,680
Speaker 1: parents that playing the NBA, but he had the size advantage.

468
00:21:51,400 --> 00:21:53,840
Speaker 1: That's the thing. Yeah. The other thing I think about

469
00:21:53,880 --> 00:21:58,119
Speaker 1: two is that is that Alex Fetzki and my co

470
00:21:58,160 --> 00:22:00,639
Speaker 1: author of the book on Communist Manifesto again check it

471
00:22:00,640 --> 00:22:04,200
Speaker 1: out on commons dot com um. He says that if

472
00:22:04,359 --> 00:22:08,560
Speaker 1: we either have a fair rules and an unequal outcome,

473
00:22:09,600 --> 00:22:13,719
Speaker 1: or we have unequal rules and an equal outcome. So

474
00:22:13,840 --> 00:22:16,720
Speaker 1: if you want, if everyone has pushing equality in order

475
00:22:16,720 --> 00:22:18,920
Speaker 1: to get equality, then we have to treat people differently,

476
00:22:19,840 --> 00:22:22,920
Speaker 1: because if we treat everybody the same, then we get unequal,

477
00:22:23,880 --> 00:22:26,440
Speaker 1: which is how supposed to be. I mean, everybody should

478
00:22:26,440 --> 00:22:29,600
Speaker 1: have the equal opportunity, but there is no guarantee that

479
00:22:29,640 --> 00:22:31,560
Speaker 1: you're going to succeed. There's no guarantee that what you

480
00:22:31,600 --> 00:22:34,080
Speaker 1: do is gonna make sense. And you're right, you have

481
00:22:34,119 --> 00:22:36,560
Speaker 1: to treat people differently. And what that ends up doing

482
00:22:36,640 --> 00:22:39,400
Speaker 1: is you have people like, for example, I've literally had

483
00:22:39,400 --> 00:22:41,879
Speaker 1: white people tell me I'm oppressed and I'm looking at

484
00:22:41,880 --> 00:22:44,919
Speaker 1: them like, no, I'm not. That's kind of what I

485
00:22:44,920 --> 00:22:46,520
Speaker 1: had to get out of California. It's too many people

486
00:22:46,600 --> 00:22:49,080
Speaker 1: that just feel sorry for you just because of my race.

487
00:22:49,480 --> 00:22:51,040
Speaker 1: And that's the thing is like, now you have to

488
00:22:51,040 --> 00:22:53,040
Speaker 1: treat people like well, just because of this something, this

489
00:22:53,119 --> 00:22:55,960
Speaker 1: must be happening, and that's where you start getting into

490
00:22:56,440 --> 00:23:00,280
Speaker 1: Actually that is more biggoted than the other way. Treat

491
00:23:00,280 --> 00:23:02,520
Speaker 1: everybody the same and whatever the outcome is is it's

492
00:23:02,560 --> 00:23:04,880
Speaker 1: up to the individual person. So uh, you know, people

493
00:23:04,920 --> 00:23:07,920
Speaker 1: don't want to take responsibility for their actions. Accountability is

494
00:23:07,960 --> 00:23:11,639
Speaker 1: a huge issue in today's age. So yeah, that that

495
00:23:11,760 --> 00:23:14,119
Speaker 1: is how it works, and that's how it should as

496
00:23:14,160 --> 00:23:17,840
Speaker 1: far as The other thing though, too, is that if

497
00:23:17,840 --> 00:23:20,760
Speaker 1: everybody wants to quality, so they see Jeff Bezos or whatever,

498
00:23:20,800 --> 00:23:22,439
Speaker 1: and he's super rich, and like, why does he have

499
00:23:22,480 --> 00:23:24,399
Speaker 1: all that money? Like he should give me some of

500
00:23:24,400 --> 00:23:28,480
Speaker 1: that money? We should share equally. Well, um, Jeff Bezos,

501
00:23:28,520 --> 00:23:30,760
Speaker 1: I'm guessing. I don't know, but I'm guessing he probably

502
00:23:30,800 --> 00:23:34,239
Speaker 1: worked eighty hours a week for twenty years straight. So

503
00:23:34,280 --> 00:23:37,239
Speaker 1: does everybody? Should everybody equally have to work eighty hour

504
00:23:37,320 --> 00:23:38,919
Speaker 1: week for twenty years? Because I don't want to do

505
00:23:39,000 --> 00:23:42,399
Speaker 1: that exactly, Most people don't. I don't want to do that.

506
00:23:42,440 --> 00:23:44,679
Speaker 1: So like people think, well, equally, we should have the

507
00:23:44,680 --> 00:23:46,600
Speaker 1: same money, but equally, do you want to work as

508
00:23:46,600 --> 00:23:49,800
Speaker 1: hard as he did? Yeah? No, most people don't. And

509
00:23:49,840 --> 00:23:51,920
Speaker 1: that's the that's the bad part is people just see

510
00:23:51,960 --> 00:23:54,000
Speaker 1: the end result. They don't see all the long nights,

511
00:23:54,520 --> 00:23:57,159
Speaker 1: you know, all the times may almost want bankrupt, or

512
00:23:57,240 --> 00:23:58,720
Speaker 1: the idea was bad. They don't see all of that,

513
00:23:59,000 --> 00:24:01,359
Speaker 1: see the result and say, will how can how can

514
00:24:01,400 --> 00:24:03,240
Speaker 1: I get some of that? The funny thing is people

515
00:24:03,240 --> 00:24:06,560
Speaker 1: will complain about it and stuff Amazon account, Yeah you're

516
00:24:06,600 --> 00:24:09,560
Speaker 1: the one funding this, Yeah you know. I just think

517
00:24:09,560 --> 00:24:11,280
Speaker 1: if you really do have a problem with billionaires stop

518
00:24:11,320 --> 00:24:14,800
Speaker 1: using their products. Yeah, that's your protests, so to say, yeah,

519
00:24:14,840 --> 00:24:16,880
Speaker 1: but but but yeah, you just equally I don't want

520
00:24:16,880 --> 00:24:19,280
Speaker 1: to work out hard. And even back to the basketball analogy,

521
00:24:19,320 --> 00:24:22,040
Speaker 1: I mean, how much has Lebron you know, sweated and

522
00:24:22,119 --> 00:24:24,560
Speaker 1: played his whole life. I don't want to do that.

523
00:24:24,960 --> 00:24:27,520
Speaker 1: I have friends that have moved down to Central America

524
00:24:27,640 --> 00:24:30,920
Speaker 1: El salvad Or, Nicaragua. They live on the beach in

525
00:24:30,960 --> 00:24:32,680
Speaker 1: a hammock, and they fish and they serve all day

526
00:24:32,800 --> 00:24:35,800
Speaker 1: and they're perfectly happy with that. Why should they be

527
00:24:35,880 --> 00:24:38,720
Speaker 1: forced to go work eighty hour weeks for twenty weeks.

528
00:24:38,960 --> 00:24:41,119
Speaker 1: They shouldn't. They shouldn't, And if you don't want to,

529
00:24:41,480 --> 00:24:44,159
Speaker 1: then don't expect the same. Alcolm. Yeah, it's very simple.

530
00:24:44,359 --> 00:24:48,200
Speaker 1: It's simple. It's simple, and so I think that's bringing

531
00:24:48,200 --> 00:24:50,119
Speaker 1: it back to bitcoin. And so that's the advantage. So

532
00:24:50,119 --> 00:24:52,040
Speaker 1: if if we can, if we can be okay with

533
00:24:52,119 --> 00:24:56,119
Speaker 1: sports guys being better, more skill, more fame, more money,

534
00:24:56,720 --> 00:24:58,880
Speaker 1: because we view it as fair rules. If we can

535
00:24:58,920 --> 00:25:02,880
Speaker 1: bring fairness back to the financial rules, maybe we can

536
00:25:02,920 --> 00:25:05,679
Speaker 1: actually start to celebrate success again. Exactly. Yes, And I

537
00:25:05,680 --> 00:25:08,040
Speaker 1: think you think bitcoins are way more fair system. Absolutely

538
00:25:08,080 --> 00:25:11,000
Speaker 1: protocol is built every everybody can view it. As you said,

539
00:25:11,000 --> 00:25:14,840
Speaker 1: permission lists, open source, and uh, you get rewarded for

540
00:25:14,880 --> 00:25:16,800
Speaker 1: your time. That's the biggest thing I like. I like

541
00:25:16,840 --> 00:25:19,040
Speaker 1: about bitcoin is the time you put in for work.

542
00:25:19,119 --> 00:25:22,240
Speaker 1: You're rewarded as the value of bitcoin grows over time.

543
00:25:22,320 --> 00:25:23,919
Speaker 1: And I think that, what do you mean just like

544
00:25:23,960 --> 00:25:26,440
Speaker 1: in its savings, Yes, as a saving account, So you're

545
00:25:26,440 --> 00:25:29,440
Speaker 1: rewarded for the work that you put in. Whereas with inflation,

546
00:25:29,600 --> 00:25:31,439
Speaker 1: you can work really hard for thirty years and your

547
00:25:31,440 --> 00:25:33,640
Speaker 1: money has been constantly stolen from you over that time.

548
00:25:33,960 --> 00:25:36,040
Speaker 1: The bitcoin over the next thirty years, all of the

549
00:25:36,040 --> 00:25:39,159
Speaker 1: work you put in to get bitcoin will reward you

550
00:25:39,200 --> 00:25:42,000
Speaker 1: for your time. And you know, some people could have

551
00:25:42,040 --> 00:25:44,000
Speaker 1: the saving because of a sixty year old at twenty

552
00:25:44,080 --> 00:25:46,440
Speaker 1: years old right now, just because they decided to accept

553
00:25:46,480 --> 00:25:49,440
Speaker 1: bitcoin instead. So it rewards you for your time. And

554
00:25:49,560 --> 00:25:53,200
Speaker 1: it basically keeps in line with the ethos that people

555
00:25:53,200 --> 00:25:55,720
Speaker 1: that work and put in the work should be rewarded

556
00:25:55,800 --> 00:25:58,800
Speaker 1: as we all use the same system, which is reversed

557
00:25:58,880 --> 00:26:01,680
Speaker 1: right now. You actually punished being a worker right now

558
00:26:01,760 --> 00:26:05,760
Speaker 1: with inflation, hot taxes and things like that. Yeah, if

559
00:26:05,800 --> 00:26:07,879
Speaker 1: you think about that, um, you know, the division of

560
00:26:07,960 --> 00:26:09,719
Speaker 1: labor allowed me to be really good at one thing,

561
00:26:09,720 --> 00:26:10,919
Speaker 1: and you'd be really good at another thing, and then

562
00:26:10,960 --> 00:26:12,879
Speaker 1: we trade. And if I could be really good at

563
00:26:12,920 --> 00:26:15,879
Speaker 1: one thing, then I should I'm gonna cure cancer, for example, right,

564
00:26:15,880 --> 00:26:17,720
Speaker 1: and I I should be able to focus just on curing cancer.

565
00:26:18,080 --> 00:26:20,640
Speaker 1: But because our money system is so inflation or it's

566
00:26:20,720 --> 00:26:23,399
Speaker 1: literally stealing the value from us, and so rather than

567
00:26:23,440 --> 00:26:25,639
Speaker 1: me being the best brain surgeon or best you know,

568
00:26:25,680 --> 00:26:28,199
Speaker 1: curring cancer, um, I have to be part time that

569
00:26:28,480 --> 00:26:31,639
Speaker 1: and part time investor. And if I do two things,

570
00:26:31,640 --> 00:26:34,159
Speaker 1: I'm not really good at either one. And so no,

571
00:26:34,280 --> 00:26:36,239
Speaker 1: half my time is spent trying to invest just so

572
00:26:36,280 --> 00:26:39,080
Speaker 1: I don't lose my savings that melting ice cube. And

573
00:26:39,119 --> 00:26:41,160
Speaker 1: if you think about it like that, like think about

574
00:26:41,240 --> 00:26:44,280
Speaker 1: all the brain power that's just been sucked out of

575
00:26:44,280 --> 00:26:47,040
Speaker 1: the world, Like how much more advancement could we have

576
00:26:47,040 --> 00:26:49,159
Speaker 1: gotten if people could just be a brain surgeon as

577
00:26:49,160 --> 00:26:52,240
Speaker 1: opposed to being an investor. And and even to your point,

578
00:26:52,280 --> 00:26:54,160
Speaker 1: I mean people that are working that you just made

579
00:26:54,240 --> 00:26:56,040
Speaker 1: the point, like you know, people work twenty years and

580
00:26:56,080 --> 00:26:57,520
Speaker 1: they save their money and at the end it's not

581
00:26:57,520 --> 00:27:00,480
Speaker 1: worth anything. This is it's crazy and now we're in

582
00:27:00,480 --> 00:27:03,520
Speaker 1: the gig economy. Nobody does one thing anymore, right, I mean,

583
00:27:03,600 --> 00:27:06,240
Speaker 1: I don't think anybody under twenty five has one single

584
00:27:06,320 --> 00:27:08,680
Speaker 1: job that they do. They have side hustles or things

585
00:27:08,680 --> 00:27:10,119
Speaker 1: that they do to make extra money. But you're right,

586
00:27:10,160 --> 00:27:11,720
Speaker 1: when inflation comes, you've got to get back on the

587
00:27:11,720 --> 00:27:14,560
Speaker 1: hampster wheel and keep it going. Yeah. Yeah, So if

588
00:27:14,560 --> 00:27:16,920
Speaker 1: you'll be able to just save your money now you

589
00:27:16,960 --> 00:27:18,959
Speaker 1: don't have to be this this forced investor, which is

590
00:27:19,040 --> 00:27:21,560
Speaker 1: definitely gonna change things as well. You're listening to the

591
00:27:21,560 --> 00:27:24,240
Speaker 1: markma Show. We're talking about bitcoin. If you haven't caught

592
00:27:24,280 --> 00:27:26,920
Speaker 1: on already, we're talking about the decentralized revolution that's changing

593
00:27:26,920 --> 00:27:28,359
Speaker 1: the world as we speak, and we're coming to you

594
00:27:28,440 --> 00:27:32,440
Speaker 1: from Miami for the Bitcoin two Conference. I am sitting

595
00:27:32,440 --> 00:27:34,640
Speaker 1: down with Isaiah you can find them on Twitter at

596
00:27:34,680 --> 00:27:36,640
Speaker 1: bitcoin z as, the author of one of the best

597
00:27:36,640 --> 00:27:40,800
Speaker 1: selling books for Bitcoin and Black America. We're gonna be

598
00:27:40,920 --> 00:27:43,679
Speaker 1: right back with more, so don't go away, all right,

599
00:27:43,680 --> 00:27:45,680
Speaker 1: Welcome back. You are listening to the Markmas Show. We're

600
00:27:45,720 --> 00:27:48,520
Speaker 1: talking about bitcoin and the decentralized revolution that is changing

601
00:27:48,600 --> 00:27:52,320
Speaker 1: the world right now. I'm sitting in Miami for the

602
00:27:52,320 --> 00:27:56,880
Speaker 1: Bitcoin Conference two, and uh, it's big. It's a big deal.

603
00:27:56,960 --> 00:28:00,439
Speaker 1: It's been amazing to see it rise. And uh uh

604
00:28:00,520 --> 00:28:01,760
Speaker 1: a couple of years ago it was like a few

605
00:28:01,800 --> 00:28:04,040
Speaker 1: thousand people. Last year's like fifteen thousand people. This year's

606
00:28:04,040 --> 00:28:07,280
Speaker 1: like forty people. It's amazing. It's a movement. It's growing,

607
00:28:07,320 --> 00:28:09,719
Speaker 1: but it's still not too late. I'm sitting down with Isaiah.

608
00:28:09,760 --> 00:28:11,520
Speaker 1: You can find them on Twitter at bitcoin z is

609
00:28:11,560 --> 00:28:15,119
Speaker 1: the author of Bitcoin Black America, and he is trying

610
00:28:15,160 --> 00:28:17,920
Speaker 1: to help bring more people into the space by helping

611
00:28:17,960 --> 00:28:22,000
Speaker 1: people understand it's permissionless. It's an equal opportunity for everybody.

612
00:28:22,400 --> 00:28:25,920
Speaker 1: Everybody has an opportunity. Now, Um, we're talking about um,

613
00:28:26,040 --> 00:28:27,600
Speaker 1: before the break, we're kind of using this kind of

614
00:28:27,600 --> 00:28:30,240
Speaker 1: football Um sorry but basketball analogy with the rich and

615
00:28:30,240 --> 00:28:32,080
Speaker 1: the poor and whatever, and we're talking about how there

616
00:28:32,119 --> 00:28:34,399
Speaker 1: was a fair set of rules. Maybe people would like

617
00:28:34,560 --> 00:28:37,040
Speaker 1: that system better, which of course they would, um, but

618
00:28:37,080 --> 00:28:38,880
Speaker 1: a lot of people would still say that bitcoin is

619
00:28:38,960 --> 00:28:41,840
Speaker 1: unfair because, um, you have the ability to buy a

620
00:28:41,880 --> 00:28:43,720
Speaker 1: bunch of bitcoin right now, and what about the poor

621
00:28:43,760 --> 00:28:45,760
Speaker 1: people that won't know about bitcoin in a year for

622
00:28:45,800 --> 00:28:47,440
Speaker 1: a year or two from now? What do you have

623
00:28:47,480 --> 00:28:49,520
Speaker 1: to say about that. Oh yeah, well, the fairness of

624
00:28:49,560 --> 00:28:51,680
Speaker 1: bitcoin doesn't come from how much you own, It comes

625
00:28:51,680 --> 00:28:55,560
Speaker 1: from the notes. The decentralization of bitcoin is that nobody

626
00:28:55,560 --> 00:28:57,160
Speaker 1: can change the rules. So if we all have the

627
00:28:57,160 --> 00:29:00,320
Speaker 1: same set of rules, everybody starts at different places, and

628
00:29:00,480 --> 00:29:03,240
Speaker 1: the accumulation of bitcoin can be You can be richer

629
00:29:03,240 --> 00:29:06,000
Speaker 1: than somebody and only buy a hundred bucks worth, but

630
00:29:06,080 --> 00:29:07,920
Speaker 1: you can also have less money and dollar cost average

631
00:29:07,960 --> 00:29:10,680
Speaker 1: over time and far outdo how much bitcoins in one has.

632
00:29:10,720 --> 00:29:13,360
Speaker 1: So just because people start at a certain place doesn't

633
00:29:13,360 --> 00:29:15,239
Speaker 1: mean that it's unfair. That people are buying as much

634
00:29:15,280 --> 00:29:17,840
Speaker 1: as possible and the rules can't be changed because you

635
00:29:17,840 --> 00:29:20,800
Speaker 1: have more bitcoin, that's the system. Where now big piece,

636
00:29:20,880 --> 00:29:22,920
Speaker 1: that's the huge piece. You have more money, you have

637
00:29:23,000 --> 00:29:25,400
Speaker 1: more influence, you can get you know, super PACs, you

638
00:29:25,400 --> 00:29:28,560
Speaker 1: can get uh lobbyists to change the rules and get

639
00:29:28,600 --> 00:29:30,600
Speaker 1: more money for yourself. Can't do that in a biitcoin, right,

640
00:29:30,680 --> 00:29:33,280
Speaker 1: no matter how much they own. Yeah, that's a big piece.

641
00:29:33,320 --> 00:29:38,160
Speaker 1: So unlike Bitcoin, the other fifteen thousand or whatever all

642
00:29:38,200 --> 00:29:41,600
Speaker 1: coins cryptocurrencies that are out there, most of most of those,

643
00:29:41,720 --> 00:29:45,120
Speaker 1: the big majority um run a different algorithm called proof

644
00:29:45,160 --> 00:29:49,040
Speaker 1: of steak um, and so whoever has the most tokens

645
00:29:49,200 --> 00:29:51,280
Speaker 1: can stake them and they get the votes and they

646
00:29:51,280 --> 00:29:53,280
Speaker 1: can do whatever they want with the network. And the

647
00:29:53,320 --> 00:29:55,240
Speaker 1: point that you're making is that with bitcoin you don't

648
00:29:55,280 --> 00:29:57,560
Speaker 1: have that ability. So just because you may own a

649
00:29:57,600 --> 00:29:59,920
Speaker 1: bunch of bitcoin doesn't mean you have any more influence

650
00:30:00,000 --> 00:30:02,240
Speaker 1: control over network anybody else. So yeah, Elon can't change

651
00:30:02,240 --> 00:30:04,320
Speaker 1: the rules anymore than I can. And he's rich man,

652
00:30:04,360 --> 00:30:06,239
Speaker 1: and you know, so that's the good thing. And I

653
00:30:06,280 --> 00:30:08,840
Speaker 1: still can't unsee. POS always looks like piece of ship,

654
00:30:10,280 --> 00:30:12,480
Speaker 1: but it also describes the system. Are you're doing is

655
00:30:12,520 --> 00:30:14,800
Speaker 1: a digital version of what we already have. And uh,

656
00:30:14,880 --> 00:30:16,880
Speaker 1: you're you're putting lipstick on a pig by saying yeah,

657
00:30:16,880 --> 00:30:18,960
Speaker 1: a proof of steak is great for the environment, is faster,

658
00:30:19,080 --> 00:30:21,560
Speaker 1: we can get more done. But what they don't tell

659
00:30:21,600 --> 00:30:23,920
Speaker 1: you is again the control is given up as soon

660
00:30:23,960 --> 00:30:26,400
Speaker 1: as you have a set of validators or a group

661
00:30:26,440 --> 00:30:29,560
Speaker 1: of people that have more money. Yeah. Yeah, And and

662
00:30:29,560 --> 00:30:32,280
Speaker 1: that goes back to the basket basketball analogy. And so

663
00:30:32,400 --> 00:30:35,880
Speaker 1: it's fair because the rules are fixed, and so in

664
00:30:35,960 --> 00:30:38,880
Speaker 1: a POS system, they can change the rules if they

665
00:30:38,920 --> 00:30:40,760
Speaker 1: have more votes. And so then we're back to a

666
00:30:40,800 --> 00:30:42,440
Speaker 1: situation like you said, just like what we have now

667
00:30:42,440 --> 00:30:44,960
Speaker 1: with the Federal Reserve. Yeah. I mean, if the monetary

668
00:30:44,960 --> 00:30:47,840
Speaker 1: policy is constantly changing, you don't have a monetary policy.

669
00:30:48,240 --> 00:30:52,480
Speaker 1: Because at this point the eighteen or whatever thousand cryptos,

670
00:30:52,520 --> 00:30:54,360
Speaker 1: most are going towards proof of steak so they can

671
00:30:54,400 --> 00:30:57,360
Speaker 1: keep control. It's really hard for people to unlearn the

672
00:30:57,400 --> 00:30:59,120
Speaker 1: idea that because I have more money, I should have

673
00:30:59,120 --> 00:31:01,160
Speaker 1: more Say, that's not how it should be. It should

674
00:31:01,160 --> 00:31:03,160
Speaker 1: be set of rules, fair for everybody, and then from

675
00:31:03,160 --> 00:31:06,200
Speaker 1: there do whatever work in that system. Yeah, yeah, exactly,

676
00:31:06,800 --> 00:31:08,720
Speaker 1: which is one of the reasons why the proof of

677
00:31:08,760 --> 00:31:11,200
Speaker 1: work which bigcoin runs on a proof of work consensus

678
00:31:11,560 --> 00:31:13,400
Speaker 1: that we're talking about, and um, that's one of the

679
00:31:13,440 --> 00:31:16,120
Speaker 1: reasons why I believe that it's being attacked right now,

680
00:31:16,240 --> 00:31:19,760
Speaker 1: like they're trying to discredit anyway they can, because they realize, well, shoot,

681
00:31:19,800 --> 00:31:21,320
Speaker 1: we can't control that. We need to keep it in

682
00:31:21,320 --> 00:31:23,240
Speaker 1: a system we can't control. Oh yeah, yeah, and we

683
00:31:23,280 --> 00:31:26,960
Speaker 1: see that constantly. Uh. You know, with the dose coin,

684
00:31:27,040 --> 00:31:28,760
Speaker 1: Hype and with some of these other coins hype you

685
00:31:28,760 --> 00:31:30,560
Speaker 1: would look at the wallets and then somebody would hold

686
00:31:30,560 --> 00:31:33,160
Speaker 1: fIF the tokens. Well, I wonder what they're gonna do.

687
00:31:33,240 --> 00:31:37,160
Speaker 1: You know, so I think people who think people mistake

688
00:31:37,240 --> 00:31:40,480
Speaker 1: is better, Uh, do not be fooled by you know,

689
00:31:40,800 --> 00:31:43,200
Speaker 1: what's shining that. It seems good, it seems like it's

690
00:31:43,200 --> 00:31:44,680
Speaker 1: great right now, but it's sort of like the tortoise

691
00:31:44,680 --> 00:31:47,040
Speaker 1: in the Hare. Hare runs fast, but it will run

692
00:31:47,040 --> 00:31:50,080
Speaker 1: out of energy. Way quicker toward us is bigcoin. Just

693
00:31:50,160 --> 00:31:52,840
Speaker 1: keep going steady, never gonna stop. So yeah, we'll end

694
00:31:52,880 --> 00:31:55,280
Speaker 1: up winning the race. But again that's that's how it

695
00:31:55,320 --> 00:31:59,080
Speaker 1: should be viewed. Yeah, jumping jumping back. I mean your

696
00:31:59,080 --> 00:32:02,000
Speaker 1: book obviously helping you know, bring what we call no

697
00:32:02,120 --> 00:32:04,320
Speaker 1: coiners and people who don't own ay coins trying to

698
00:32:04,320 --> 00:32:06,959
Speaker 1: turn these no corners into you know, buying it, believing

699
00:32:06,960 --> 00:32:10,360
Speaker 1: it in etcetera. I was talking with uh with shout

700
00:32:10,400 --> 00:32:12,640
Speaker 1: out to Luke. He helps me with some of my

701
00:32:12,720 --> 00:32:15,239
Speaker 1: research on my videos. UM we're talking the other day

702
00:32:15,240 --> 00:32:16,480
Speaker 1: and he was talking about what do you think is

703
00:32:16,520 --> 00:32:18,400
Speaker 1: the best way to orange bill people, which we say

704
00:32:18,400 --> 00:32:20,560
Speaker 1: orange pill, which means you know, introduced him to bitcoin

705
00:32:20,680 --> 00:32:23,239
Speaker 1: or convinced them to buy bitcoin over whatever you want

706
00:32:23,280 --> 00:32:26,040
Speaker 1: to call it. And Alex Fetzki, my co author of

707
00:32:26,080 --> 00:32:29,600
Speaker 1: that book, UM, the Uncommunist manifesto, which is on Kickstarter

708
00:32:29,760 --> 00:32:32,520
Speaker 1: right now. Another shameless plug. Check it out at Uncommunist

709
00:32:32,560 --> 00:32:36,520
Speaker 1: dot com. It's on Kickstarter right now. Um. But he

710
00:32:36,520 --> 00:32:40,360
Speaker 1: he gave some He gave a talk at Unconfiscatable recently

711
00:32:40,560 --> 00:32:44,200
Speaker 1: and he said that we don't need mass adoption because

712
00:32:44,240 --> 00:32:49,520
Speaker 1: the masses are always wrong. And uh, he said, the

713
00:32:49,560 --> 00:32:52,360
Speaker 1: masses will, they'll come eventually, but they'll come when they

714
00:32:52,400 --> 00:32:53,880
Speaker 1: don't have to think about it, just because everybody else

715
00:32:53,920 --> 00:32:55,200
Speaker 1: is doing it. And so back to the question to

716
00:32:55,280 --> 00:32:57,040
Speaker 1: Luke asked me, is like, how do we how do

717
00:32:57,080 --> 00:33:00,000
Speaker 1: we orange bill people? And uh, how do we introduce

718
00:33:00,240 --> 00:33:02,280
Speaker 1: to bitcoin? How do we convince them? Because most people

719
00:33:02,320 --> 00:33:04,880
Speaker 1: don't understand what money is. And if you don't know

720
00:33:04,920 --> 00:33:06,640
Speaker 1: what money is and why it's broken, then it's very

721
00:33:06,640 --> 00:33:10,280
Speaker 1: hard to understand why you might need an alternative. Um

722
00:33:10,320 --> 00:33:12,760
Speaker 1: and I and I said, well, you know the majority

723
00:33:12,800 --> 00:33:14,800
Speaker 1: of people, and it's some alarming number. I want to say.

724
00:33:14,840 --> 00:33:17,680
Speaker 1: It's like people don't have four hundred bucks for an

725
00:33:17,720 --> 00:33:21,760
Speaker 1: emergency expense. And I said, those people, they probably don't

726
00:33:21,760 --> 00:33:24,080
Speaker 1: need to worry about bitcoin. They need to figure out

727
00:33:24,080 --> 00:33:25,280
Speaker 1: how to get more than four hundred bucks in their

728
00:33:25,280 --> 00:33:28,720
Speaker 1: bankccount exactly. What's your opinion on that. Oh yeah, I've

729
00:33:28,720 --> 00:33:30,680
Speaker 1: said that to people plenty of times. If you don't

730
00:33:30,720 --> 00:33:32,400
Speaker 1: have the money to enter to the market, get a

731
00:33:32,400 --> 00:33:35,120
Speaker 1: second job, you know how to make more money or

732
00:33:35,240 --> 00:33:36,920
Speaker 1: what to do with that money so that you can

733
00:33:37,080 --> 00:33:38,479
Speaker 1: use it for a bitcoin. I mean, you can't buy

734
00:33:38,480 --> 00:33:40,760
Speaker 1: a dollar worth a bitcoin five dollars worth, which is fine,

735
00:33:41,360 --> 00:33:43,840
Speaker 1: But for most people who are in that situation, what

736
00:33:43,880 --> 00:33:48,040
Speaker 1: I remind them is, um, at a certain point, you

737
00:33:48,080 --> 00:33:50,040
Speaker 1: won't have a choice. And I think that's what people

738
00:33:50,040 --> 00:33:52,560
Speaker 1: don't understand is, like you said, mainstream always follows later,

739
00:33:53,000 --> 00:33:55,120
Speaker 1: just like now, the Internet used to be a choice.

740
00:33:55,240 --> 00:33:57,640
Speaker 1: You can choose these internet and be fine without it.

741
00:33:57,800 --> 00:34:00,080
Speaker 1: People did it for years, but at this point you

742
00:34:00,120 --> 00:34:03,080
Speaker 1: can't live without it. Yeah, imagine, I mean, can people

743
00:34:03,080 --> 00:34:04,720
Speaker 1: go to people's house if you don't have WiFi? Like,

744
00:34:04,760 --> 00:34:08,000
Speaker 1: what's wrong? I think that's pretty much I was going

745
00:34:08,080 --> 00:34:11,000
Speaker 1: to be with bigcoin of crypto because some people will

746
00:34:11,040 --> 00:34:12,960
Speaker 1: take that route, but and the and that's eventually the

747
00:34:13,000 --> 00:34:15,799
Speaker 1: masses will come exactly and they always come late. Yeah.

748
00:34:15,840 --> 00:34:18,440
Speaker 1: I was using this example and this when I have

749
00:34:18,560 --> 00:34:22,399
Speaker 1: some maybe contrary and takes on income inequality, but I

750
00:34:22,440 --> 00:34:24,799
Speaker 1: could say that income in equality is actually a good thing.

751
00:34:25,320 --> 00:34:27,040
Speaker 1: And and the reason why is, let's say in the

752
00:34:27,080 --> 00:34:31,840
Speaker 1: nineteen eighties, the rich people on Wall Street needed a

753
00:34:31,920 --> 00:34:34,000
Speaker 1: cell phone that there was no cell phone, and they

754
00:34:34,120 --> 00:34:37,680
Speaker 1: probably spent fifty dollars for this big old brick. But

755
00:34:37,760 --> 00:34:40,399
Speaker 1: because they needed it. I didn't need it at the time,

756
00:34:40,400 --> 00:34:42,319
Speaker 1: but they needed it, and they had the money for it,

757
00:34:42,440 --> 00:34:44,200
Speaker 1: they were able to buy that. And then that they

758
00:34:44,200 --> 00:34:46,799
Speaker 1: were able to invent that technology for them. And then

759
00:34:46,800 --> 00:34:49,800
Speaker 1: eventually he got down to twenty, and then the ten thousand,

760
00:34:50,000 --> 00:34:51,719
Speaker 1: and then the one thousand, and has more people got it,

761
00:34:51,880 --> 00:34:55,400
Speaker 1: got cheaper, cheaper, cheaper, and eventually now everybody has a phone.

762
00:34:55,920 --> 00:34:58,640
Speaker 1: And if it wasn't for them they having more income

763
00:34:58,640 --> 00:35:00,359
Speaker 1: than everybody else and more of a need for it,

764
00:35:00,640 --> 00:35:02,640
Speaker 1: we never would have had then then the average but

765
00:35:02,640 --> 00:35:05,279
Speaker 1: then of course America, being a rich country, got it.

766
00:35:05,560 --> 00:35:07,799
Speaker 1: And then after America got it, then now everyone in

767
00:35:07,840 --> 00:35:10,400
Speaker 1: Africa has it. And so you kind of need that

768
00:35:10,440 --> 00:35:13,960
Speaker 1: income in equality gap. And and and that also come

769
00:35:14,040 --> 00:35:17,719
Speaker 1: to your point. My my my first cell phone I

770
00:35:17,719 --> 00:35:21,719
Speaker 1: think was like or nineteen ninety six or something like that,

771
00:35:22,239 --> 00:35:24,400
Speaker 1: and it didn't even have not it didn't even have

772
00:35:24,440 --> 00:35:26,080
Speaker 1: letters that just had numbers on at this big old

773
00:35:26,080 --> 00:35:28,360
Speaker 1: whip antenna. And when I first got it, I was

774
00:35:28,520 --> 00:35:31,239
Speaker 1: doing a real estate investing in southern California, and so

775
00:35:31,280 --> 00:35:32,320
Speaker 1: I need a phone if I was out on the

776
00:35:32,400 --> 00:35:35,240
Speaker 1: job set or whatever. But like I never even carried

777
00:35:35,280 --> 00:35:36,960
Speaker 1: it with me because I didn't know anyone else that

778
00:35:37,080 --> 00:35:41,920
Speaker 1: had a phone. Yeah, right, and and so like I

779
00:35:41,960 --> 00:35:43,879
Speaker 1: didn't have to run around somewhere. You need a phone,

780
00:35:43,880 --> 00:35:45,759
Speaker 1: You need a phone. Adoption, adoption, get a phone. Get

781
00:35:45,880 --> 00:35:48,040
Speaker 1: Like I didn't have to do that. Like eventually, just

782
00:35:48,160 --> 00:35:50,239
Speaker 1: now you can't go without a phone. Yeah, and I

783
00:35:50,239 --> 00:35:51,640
Speaker 1: think that will be the same. You can't live without

784
00:35:51,680 --> 00:35:53,279
Speaker 1: a big point while at a certain point or at

785
00:35:53,320 --> 00:35:55,520
Speaker 1: least putting his savings in there or at least interacting

786
00:35:55,560 --> 00:35:57,319
Speaker 1: with the technology. It's going to be as a part

787
00:35:57,360 --> 00:36:00,799
Speaker 1: of our lives as anything else. Yeah, So so real

788
00:36:00,880 --> 00:36:02,920
Speaker 1: quickly and in a short spurt, Like what's the best

789
00:36:02,960 --> 00:36:05,040
Speaker 1: way to get involved? Then? For the people that are

790
00:36:05,080 --> 00:36:06,960
Speaker 1: kind of on the fence here, well, I would say,

791
00:36:07,040 --> 00:36:10,080
Speaker 1: first thing is education. Um, you have to, in my opinion,

792
00:36:10,080 --> 00:36:11,560
Speaker 1: you got to put in at least a hundred hours

793
00:36:11,560 --> 00:36:14,120
Speaker 1: to be considered a new because it's such a deep

794
00:36:14,200 --> 00:36:18,080
Speaker 1: rabbit hole. It goes in history, politics, cryptography, math. I mean,

795
00:36:18,120 --> 00:36:20,160
Speaker 1: it's so much that goes into it. You can't understand

796
00:36:20,160 --> 00:36:22,919
Speaker 1: this industry unless you put the time in. So first

797
00:36:22,920 --> 00:36:24,279
Speaker 1: thing is you have to put in the work. The

798
00:36:24,320 --> 00:36:27,440
Speaker 1: second thing is meet network, go to conferences with people

799
00:36:27,640 --> 00:36:29,400
Speaker 1: who have the answers, because I know some people that

800
00:36:29,440 --> 00:36:31,440
Speaker 1: are you know, right on the cusp. I've seen it

801
00:36:31,480 --> 00:36:33,600
Speaker 1: a lot on my book tour. They had one question

802
00:36:33,760 --> 00:36:35,279
Speaker 1: and I answered it on the book tour and they

803
00:36:35,280 --> 00:36:37,280
Speaker 1: instantly bought Big Point after it. But they said nobody

804
00:36:37,280 --> 00:36:39,239
Speaker 1: else could answer it before. So go to meet ups.

805
00:36:39,560 --> 00:36:42,440
Speaker 1: You always usually meet somebody that has the answers that

806
00:36:42,480 --> 00:36:45,160
Speaker 1: you're looking for. So put in the work. Um, go

807
00:36:45,239 --> 00:36:47,399
Speaker 1: to meetups, meet people, and then lastly get some skin

808
00:36:47,440 --> 00:36:50,160
Speaker 1: in the game. Nothing makes you study study it more

809
00:36:50,160 --> 00:36:52,600
Speaker 1: on when your money is at stakes. That's what I've

810
00:36:52,600 --> 00:36:55,799
Speaker 1: always encouraged people don't just study it without entering the market. No, No,

811
00:36:55,880 --> 00:36:58,799
Speaker 1: by a little bit, see how it works. Uh, send

812
00:36:58,840 --> 00:37:01,240
Speaker 1: and received tw different wallets. That's how you get involved.

813
00:37:01,400 --> 00:37:03,399
Speaker 1: Cool man. When you're listening to the Mark Moas show,

814
00:37:03,440 --> 00:37:06,000
Speaker 1: we're talking about bitcoin and the decentralized revolution. I'm sitting

815
00:37:06,000 --> 00:37:08,080
Speaker 1: down with Isaiah. You can find him on Twitter at

816
00:37:08,120 --> 00:37:11,600
Speaker 1: bitcoin's a check out his number one bestseller book, Bitcoin

817
00:37:11,719 --> 00:37:14,960
Speaker 1: and Black America. And that's what I got for you today.

818
00:37:14,960 --> 00:37:15,840
Speaker 1: Thanks so much for listening.