1 00:00:00,040 --> 00:00:03,000 Speaker 1: Hey, everyone, Welcome to another episode of The Mark Maas Show, 2 00:00:03,000 --> 00:00:06,200 Speaker 1: where we are talking about bitcoin, we're talking about the 3 00:00:06,280 --> 00:00:12,040 Speaker 1: decentralized revolution. We're really focusing on the intersection of politics, finance, 4 00:00:12,119 --> 00:00:14,840 Speaker 1: and technology because that is the driving force of what 5 00:00:15,040 --> 00:00:18,759 Speaker 1: changes the world. You've probably heard before the saying, you 6 00:00:18,800 --> 00:00:21,759 Speaker 1: know from the great one Wayne Gretzky, that he was 7 00:00:21,800 --> 00:00:24,280 Speaker 1: so great because he always skated to where the puck 8 00:00:24,400 --> 00:00:27,120 Speaker 1: was going to pee. Uh. It's it's an often used 9 00:00:27,200 --> 00:00:29,680 Speaker 1: term in the investing world. We're trying to figure out 10 00:00:29,800 --> 00:00:31,560 Speaker 1: where the money is moving, and then of course you're 11 00:00:31,560 --> 00:00:34,040 Speaker 1: trying to position yourself to wherever that money is going 12 00:00:34,120 --> 00:00:35,760 Speaker 1: to be. You want to skate to where or move 13 00:00:35,760 --> 00:00:37,519 Speaker 1: your investments to where that money is going to be. 14 00:00:37,720 --> 00:00:40,560 Speaker 1: And from a from an even bigger standpoint than just money, 15 00:00:40,720 --> 00:00:44,519 Speaker 1: like I said, from political, financial, and technological those are 16 00:00:44,520 --> 00:00:46,840 Speaker 1: the forces that drive the world and so we're trying 17 00:00:46,880 --> 00:00:49,720 Speaker 1: to understand those each week, figure out what's happening, so 18 00:00:49,760 --> 00:00:53,960 Speaker 1: we understand how to position ourselves to not only survive 19 00:00:54,280 --> 00:00:56,920 Speaker 1: the changes, but actually to thrive. I want to build, 20 00:00:56,920 --> 00:01:00,080 Speaker 1: grow and protect our wealth as we do this, and 21 00:01:00,400 --> 00:01:03,680 Speaker 1: there is so much happening right now to stay on 22 00:01:03,760 --> 00:01:06,200 Speaker 1: top of So thanks for joining me. You should be 23 00:01:06,280 --> 00:01:07,880 Speaker 1: joining me each and every week. If you're new to 24 00:01:07,920 --> 00:01:10,920 Speaker 1: the show, uh and you don't already, please go ahead 25 00:01:11,000 --> 00:01:13,280 Speaker 1: and grab your phone and bookmark us for this date, 26 00:01:13,400 --> 00:01:15,360 Speaker 1: this time, this channel, and joined me each and every 27 00:01:15,400 --> 00:01:18,120 Speaker 1: week where we will fill you in, keep you up 28 00:01:18,120 --> 00:01:20,000 Speaker 1: to date on what's going on. I try to bring 29 00:01:20,040 --> 00:01:23,840 Speaker 1: you um the education pieces that you need. I say 30 00:01:23,880 --> 00:01:25,440 Speaker 1: over and over and over if you watch my YouTube 31 00:01:25,520 --> 00:01:28,880 Speaker 1: channel that I'm trying to change the way you think 32 00:01:28,920 --> 00:01:34,600 Speaker 1: about money, because almost everything you've learned is wrong. Unfortunately, 33 00:01:35,120 --> 00:01:37,120 Speaker 1: Henry Ford said over a hundred years ago that if 34 00:01:37,120 --> 00:01:41,120 Speaker 1: the American people knew how the banking system worked, there 35 00:01:41,120 --> 00:01:45,039 Speaker 1: would be a revolution before the morning. That means people 36 00:01:45,040 --> 00:01:48,480 Speaker 1: couldn't wait. They would instantly go out and and revolt right, 37 00:01:48,520 --> 00:01:51,760 Speaker 1: a revolution before morning. And of course that's why you 38 00:01:51,800 --> 00:01:54,000 Speaker 1: don't know a lot about the financial system. That's why 39 00:01:54,400 --> 00:01:57,960 Speaker 1: you don't know or what you have been told is wrong. 40 00:01:58,200 --> 00:02:00,120 Speaker 1: But don't worry, don't worry, don't worry. We're gonna fix that. 41 00:02:00,160 --> 00:02:01,600 Speaker 1: We're gonna fix that. Make sure you're tune in with 42 00:02:01,640 --> 00:02:03,480 Speaker 1: me each and every week, and I'm gonna give you 43 00:02:03,520 --> 00:02:06,080 Speaker 1: the education that we need. And one of the biggest 44 00:02:06,160 --> 00:02:10,280 Speaker 1: lessons that we have right now staring us all down, 45 00:02:10,400 --> 00:02:14,440 Speaker 1: or really more like smacking us in the face, is 46 00:02:14,440 --> 00:02:18,960 Speaker 1: what's going on um in Canada now. Um. Obviously, for 47 00:02:19,000 --> 00:02:21,160 Speaker 1: the last two years, we've seen nations all across the 48 00:02:21,160 --> 00:02:25,000 Speaker 1: world become more authoritarian, trying to control every aspect of 49 00:02:25,040 --> 00:02:28,320 Speaker 1: your life, telling you which business you can and can't do, 50 00:02:28,840 --> 00:02:32,000 Speaker 1: where you can and can't go, what you can and 51 00:02:32,040 --> 00:02:34,799 Speaker 1: can't wear, and what you can and can't even put 52 00:02:34,840 --> 00:02:37,399 Speaker 1: into your body. Now, when I grew up as a kid, 53 00:02:37,400 --> 00:02:42,440 Speaker 1: I thought that was communism. Today they're telling us that's democracy. My, my, my, 54 00:02:42,639 --> 00:02:45,560 Speaker 1: how things have changed. And so this has been happening 55 00:02:45,560 --> 00:02:47,680 Speaker 1: for the last two years, but it's really come to 56 00:02:47,919 --> 00:02:50,960 Speaker 1: ahead in the last couple of weeks up in Canada. 57 00:02:50,960 --> 00:02:52,520 Speaker 1: And I've been talking about this on the radio show 58 00:02:52,600 --> 00:02:54,200 Speaker 1: the last couple of weeks. So if you've been joining me, 59 00:02:54,520 --> 00:02:56,560 Speaker 1: you are ahead of most people. And of course most 60 00:02:56,560 --> 00:02:59,200 Speaker 1: people have been seeing this anyway, because how could you not, right, 61 00:02:59,720 --> 00:03:02,440 Speaker 1: But it's what I really want to talk about today, 62 00:03:02,639 --> 00:03:04,920 Speaker 1: is that it all can't kind of came to a 63 00:03:04,919 --> 00:03:07,880 Speaker 1: head since since I was with you last time and 64 00:03:07,880 --> 00:03:10,640 Speaker 1: it came to a head where UM people were donating 65 00:03:10,639 --> 00:03:12,720 Speaker 1: money on go fund me and then gives and Go, 66 00:03:13,080 --> 00:03:17,560 Speaker 1: which are fund raising platforms, and you know, people raise 67 00:03:17,600 --> 00:03:19,919 Speaker 1: funds for all different types of things. If you're sick, 68 00:03:20,000 --> 00:03:21,560 Speaker 1: you know, people can raise money for you, If you 69 00:03:21,560 --> 00:03:24,320 Speaker 1: have a nonprofit, you can raise money. UM. Throughout the 70 00:03:24,440 --> 00:03:27,640 Speaker 1: UM the last presidential election cycle when through the United 71 00:03:27,639 --> 00:03:30,520 Speaker 1: States we had Antifa and BLM, you know, protesting all 72 00:03:30,520 --> 00:03:32,680 Speaker 1: across the United States and burning down buildings, they did 73 00:03:32,760 --> 00:03:35,160 Speaker 1: Go fund me campaigns to bail them out of jail 74 00:03:35,200 --> 00:03:37,080 Speaker 1: and things like that. UM. And here we had in 75 00:03:37,120 --> 00:03:40,080 Speaker 1: Canada a peaceful protest and when I say peaceful, they 76 00:03:40,080 --> 00:03:43,480 Speaker 1: were literally waving flags and singing the national anthem and 77 00:03:43,520 --> 00:03:46,240 Speaker 1: had bouncy houses out. That's how dangerous it was. And 78 00:03:46,280 --> 00:03:50,360 Speaker 1: that's legally protected by the Constitution of Canada where they 79 00:03:50,360 --> 00:03:54,840 Speaker 1: can assemble. And then you had UM legally legal platforms 80 00:03:54,840 --> 00:03:56,600 Speaker 1: to raise money like gives, like gifts and go and 81 00:03:56,640 --> 00:04:01,040 Speaker 1: go fund me, and then they see st all the money. 82 00:04:01,360 --> 00:04:04,480 Speaker 1: They stole the money. And what this is highlighted is 83 00:04:04,520 --> 00:04:10,600 Speaker 1: that it's not your money. Your money isn't at the 84 00:04:10,640 --> 00:04:15,320 Speaker 1: control of the banks or the leaders, right, so go 85 00:04:15,480 --> 00:04:18,320 Speaker 1: fund me, they seize that gifts and go they seize them. 86 00:04:18,440 --> 00:04:21,360 Speaker 1: Then they went to go seize everybody's bank account to 87 00:04:21,600 --> 00:04:24,200 Speaker 1: even participated. There's been all types of stories. I haven't 88 00:04:24,480 --> 00:04:27,360 Speaker 1: I haven't investigated everyone to find out if they're all true, 89 00:04:27,400 --> 00:04:29,000 Speaker 1: but I know collectively they are to who have talked 90 00:04:29,000 --> 00:04:30,960 Speaker 1: to many people that were there. There was a story 91 00:04:31,000 --> 00:04:33,359 Speaker 1: going around of a single mother who had donated I 92 00:04:33,400 --> 00:04:38,960 Speaker 1: think fifty dollars to illegal protest and had all her 93 00:04:38,960 --> 00:04:42,000 Speaker 1: accounts frozen and she couldn't feed her family. Um. I 94 00:04:42,400 --> 00:04:44,960 Speaker 1: spoke to another guy personally who was there and had 95 00:04:45,080 --> 00:04:48,440 Speaker 1: all his accounts frozen. He said, uh, he said, you 96 00:04:48,480 --> 00:04:52,160 Speaker 1: have no idea how hard it is to live when 97 00:04:52,160 --> 00:04:54,640 Speaker 1: you've been completely unbanked, when you've been kicked out of 98 00:04:54,680 --> 00:04:58,680 Speaker 1: the financial system. And uh, of course it's a problem, right, 99 00:04:58,720 --> 00:05:00,560 Speaker 1: you could imagine how hard that is to have all 100 00:05:00,600 --> 00:05:03,400 Speaker 1: your accounts frozen. Of course, it's not just a problem 101 00:05:03,400 --> 00:05:04,880 Speaker 1: in Canada. As a matter of fact, pur the you 102 00:05:04,960 --> 00:05:08,719 Speaker 1: in over two billion, so that's about two billion adults. 103 00:05:08,720 --> 00:05:10,600 Speaker 1: It's about more than half of the adults in the 104 00:05:10,640 --> 00:05:15,320 Speaker 1: world have no access to the financial system. So in 105 00:05:15,360 --> 00:05:17,039 Speaker 1: Canada they're find out how hard that is to to 106 00:05:17,080 --> 00:05:19,279 Speaker 1: operate without being in the financial system. But what we 107 00:05:19,360 --> 00:05:21,799 Speaker 1: found out is with bitcoin, and we say not your keys, 108 00:05:21,839 --> 00:05:24,120 Speaker 1: not your coin. What that means is if you don't 109 00:05:24,120 --> 00:05:28,039 Speaker 1: have possession of that, if you don't have custody of that, 110 00:05:28,760 --> 00:05:32,400 Speaker 1: then somebody else does. It's not really yours. They say, 111 00:05:32,760 --> 00:05:35,000 Speaker 1: I don't know. Possession is nine tenths of the law 112 00:05:35,080 --> 00:05:36,520 Speaker 1: or something like that. So you don't even have possessions. 113 00:05:36,520 --> 00:05:39,000 Speaker 1: Somebody else has has it. And so I want to 114 00:05:39,000 --> 00:05:41,000 Speaker 1: talk more about that. I'm gonna want to talk about 115 00:05:41,680 --> 00:05:43,919 Speaker 1: I'm not going to dive deep into the politics of 116 00:05:43,920 --> 00:05:45,919 Speaker 1: what's going on Canada. What I want to talk about 117 00:05:46,040 --> 00:05:49,440 Speaker 1: is where freedom really starts. And freedom starts with payments. 118 00:05:50,640 --> 00:05:52,719 Speaker 1: That's why we say if we can fix the money, 119 00:05:52,760 --> 00:05:58,039 Speaker 1: we can fix the world. All freedom starts with money. 120 00:05:58,120 --> 00:06:01,000 Speaker 1: Without freedom of money, you have no freedom. I'm gonna 121 00:06:01,000 --> 00:06:04,800 Speaker 1: explain that to you. I want to explain, um, how 122 00:06:04,839 --> 00:06:07,680 Speaker 1: they're encroaching on that because they don't want they want 123 00:06:07,680 --> 00:06:10,320 Speaker 1: to take away your freedom, and they realize the same thing. 124 00:06:10,360 --> 00:06:13,560 Speaker 1: If they can squeeze the payments, then they can control you. 125 00:06:13,920 --> 00:06:16,000 Speaker 1: We're gonna talk about that. We're gonna talk about how 126 00:06:16,040 --> 00:06:18,200 Speaker 1: this not your keys, not your coins thing, and so 127 00:06:18,320 --> 00:06:21,720 Speaker 1: how you can take custody and why they don't want 128 00:06:21,760 --> 00:06:23,760 Speaker 1: you to. We're gonna talk about that. And then I 129 00:06:23,800 --> 00:06:26,000 Speaker 1: want to talk about how if you're in one of 130 00:06:26,040 --> 00:06:29,520 Speaker 1: these areas like Canada, for example, or in another nation 131 00:06:29,640 --> 00:06:32,120 Speaker 1: where um, let's say that you're in Afghanistan and the 132 00:06:32,120 --> 00:06:34,200 Speaker 1: Taliban won't let you get money, or you're in Africa 133 00:06:34,320 --> 00:06:37,800 Speaker 1: or some Central American country like Venezuela. How if somebody 134 00:06:37,800 --> 00:06:40,600 Speaker 1: were to send you bitcoin and you can't exchange that 135 00:06:40,600 --> 00:06:43,359 Speaker 1: back for your local fiat currency like in Canada, what 136 00:06:43,560 --> 00:06:47,040 Speaker 1: you could do with it. I'm gonna give you actual 137 00:06:47,279 --> 00:06:50,200 Speaker 1: steps that you can do, uh to I guess be 138 00:06:50,560 --> 00:06:52,920 Speaker 1: sanctioned proof. Right, So we're gonna talk about all those things. 139 00:06:52,960 --> 00:06:56,799 Speaker 1: I got a big, big, big show and topic for you. Now. 140 00:06:57,160 --> 00:07:00,480 Speaker 1: Even if this doesn't affect you, maybe you don't care 141 00:07:00,480 --> 00:07:03,360 Speaker 1: about this, but maybe you should for a couple of reasons. Um, 142 00:07:03,400 --> 00:07:05,960 Speaker 1: if it can happen in Canada, it can happen anywhere, 143 00:07:06,200 --> 00:07:09,360 Speaker 1: all right. Let's step one. Step two is that maybe 144 00:07:09,400 --> 00:07:13,480 Speaker 1: you can take this information and pass it on. Maybe 145 00:07:13,560 --> 00:07:15,360 Speaker 1: you can help somebody else if you can, you know, 146 00:07:15,400 --> 00:07:17,600 Speaker 1: I mean, of course if you care about you know, 147 00:07:17,760 --> 00:07:19,920 Speaker 1: care about freedom and things like that, which I'm sure 148 00:07:19,920 --> 00:07:23,200 Speaker 1: you do if you're listening. And uh, you know, quoting 149 00:07:23,280 --> 00:07:25,160 Speaker 1: one of my favorite quotes from our one of our 150 00:07:25,240 --> 00:07:28,160 Speaker 1: the United States founding fathers, Samuel Adams, who said that 151 00:07:28,520 --> 00:07:31,400 Speaker 1: all it doesn't take a majority to prevail, but rather 152 00:07:31,480 --> 00:07:35,000 Speaker 1: a small, irate minority keen on setting brush fires in 153 00:07:35,040 --> 00:07:37,200 Speaker 1: the minds of men. So you can help me spread 154 00:07:37,240 --> 00:07:40,320 Speaker 1: this information. So I'm gonna give you that, um, and 155 00:07:40,520 --> 00:07:41,880 Speaker 1: like I said, give you this step by steps. We 156 00:07:41,920 --> 00:07:45,800 Speaker 1: have so much to cover, but like I said, it 157 00:07:45,960 --> 00:07:49,640 Speaker 1: really starts with the payments. And so really if you 158 00:07:49,760 --> 00:07:53,280 Speaker 1: kind of zoom out and see what's happening in the 159 00:07:53,320 --> 00:07:55,840 Speaker 1: world today and try to get context, that's why I 160 00:07:55,840 --> 00:07:58,960 Speaker 1: try to talk about this decentralized revolution. But in context 161 00:07:58,960 --> 00:08:01,120 Speaker 1: of what you see going on today and what you 162 00:08:01,120 --> 00:08:03,160 Speaker 1: see going on in the world today is that they're 163 00:08:03,200 --> 00:08:07,440 Speaker 1: trying to move us into a system of payment and 164 00:08:07,640 --> 00:08:12,840 Speaker 1: movement checkpoints. What does that mean? That means that in 165 00:08:12,960 --> 00:08:15,800 Speaker 1: order to use our money, they want to see every 166 00:08:15,800 --> 00:08:17,960 Speaker 1: single transaction in the United States. They try to pass 167 00:08:18,000 --> 00:08:20,840 Speaker 1: a law. UM in one of the bills a few 168 00:08:20,840 --> 00:08:23,440 Speaker 1: months ago. I've been talking about this where every single 169 00:08:23,480 --> 00:08:27,920 Speaker 1: American within a bank account over six dollars, they want 170 00:08:27,960 --> 00:08:31,040 Speaker 1: to shine a flashlight up your butt and see every 171 00:08:31,040 --> 00:08:37,119 Speaker 1: single transaction you make for six hundred bucks. They want gateways. 172 00:08:37,160 --> 00:08:39,800 Speaker 1: They want to know what you're buying when you're buying it, 173 00:08:39,920 --> 00:08:43,000 Speaker 1: and you are allowed to buy this, you're not allowed 174 00:08:43,000 --> 00:08:44,800 Speaker 1: to buy this. You can do this with your money, 175 00:08:44,960 --> 00:08:46,760 Speaker 1: you can't do that with your money. So that that's 176 00:08:46,800 --> 00:08:49,040 Speaker 1: that's at the base of all freedom. Will talk about that, 177 00:08:49,160 --> 00:08:52,280 Speaker 1: and then it's movement gateways as well. All right, that's 178 00:08:52,280 --> 00:08:55,520 Speaker 1: the ultimate goal. Payment and movement gateways. And so the 179 00:08:55,559 --> 00:08:57,480 Speaker 1: movement gateways. What do I mean by that, Well, if 180 00:08:57,520 --> 00:08:59,360 Speaker 1: you live in the cities of like New York City 181 00:08:59,440 --> 00:09:02,360 Speaker 1: or San Francisco or even Los Angeles, you can't go 182 00:09:02,559 --> 00:09:06,200 Speaker 1: into places without being allowed. You have to show a past, 183 00:09:06,280 --> 00:09:09,120 Speaker 1: they have to scan it, and that's a gateway. They 184 00:09:09,120 --> 00:09:11,160 Speaker 1: can they know where you're at, where you're going, and 185 00:09:11,240 --> 00:09:13,480 Speaker 1: then of course once they do that, then they can 186 00:09:13,480 --> 00:09:16,480 Speaker 1: say where you're allowed to go and not go. Of course, 187 00:09:17,520 --> 00:09:19,760 Speaker 1: the payments are at the base of this, which is 188 00:09:19,760 --> 00:09:23,040 Speaker 1: why we say bitcoin fixes this, right, that is what 189 00:09:23,200 --> 00:09:26,000 Speaker 1: unlocks all of this. You're listening to the Mark Moa Show. 190 00:09:26,160 --> 00:09:28,200 Speaker 1: I have a lot more to cover about these parallel 191 00:09:28,240 --> 00:09:30,840 Speaker 1: systems and freedom with payments. So don't go away, all right, 192 00:09:30,840 --> 00:09:32,840 Speaker 1: welcome back. You are listening to the Mark ma Show, 193 00:09:32,880 --> 00:09:35,040 Speaker 1: and we are talking about bitcoin, We're talking about the 194 00:09:35,120 --> 00:09:39,200 Speaker 1: decentralized revolution. We're talking about all the craziness that is 195 00:09:39,240 --> 00:09:42,640 Speaker 1: going on in the world as we speak. Um. You know, 196 00:09:42,720 --> 00:09:45,560 Speaker 1: there's a quote from Vladimir Lenin somebody. I don't like 197 00:09:45,640 --> 00:09:47,840 Speaker 1: the quote, but I find myself quote because he said 198 00:09:47,880 --> 00:09:49,480 Speaker 1: some very interesting things. And one thing that he said 199 00:09:49,559 --> 00:09:54,040 Speaker 1: is that there's decades where nothing seems to happen, and 200 00:09:54,040 --> 00:09:58,000 Speaker 1: then there's days where decades seem to happen. And that's 201 00:09:58,000 --> 00:10:01,000 Speaker 1: exactly where we're at right now. It's was like days, 202 00:10:01,040 --> 00:10:06,040 Speaker 1: there's decades happening. Of course, every single day there's giant movements. 203 00:10:06,760 --> 00:10:10,920 Speaker 1: We see, uh, the whole escalation between Russia and Ukraine. Um, 204 00:10:10,960 --> 00:10:14,920 Speaker 1: now we're seeing escalation with China and Taiwan. Obviously in Canada, 205 00:10:14,960 --> 00:10:16,920 Speaker 1: it's supposed to be a free democracy. People are losing 206 00:10:16,920 --> 00:10:20,680 Speaker 1: their freedoms. What the heck is going on? Right? Like? 207 00:10:20,760 --> 00:10:23,720 Speaker 1: What's going on? And so we can put all of 208 00:10:23,720 --> 00:10:27,480 Speaker 1: this into context when we understand the intersection of these 209 00:10:27,480 --> 00:10:30,480 Speaker 1: things which we're talking about, um, but specifically going back 210 00:10:30,520 --> 00:10:32,679 Speaker 1: to what was going on in Canada, which of course 211 00:10:32,800 --> 00:10:34,360 Speaker 1: leads to the rest of the world. We were talking 212 00:10:34,360 --> 00:10:37,120 Speaker 1: about how these these protests, these peaceful protests that were 213 00:10:37,440 --> 00:10:43,680 Speaker 1: legally allowed by their constitution. UM. Prime Minister Trudeau past 214 00:10:43,880 --> 00:10:49,439 Speaker 1: emergency orders which then he believes supersedes all the law 215 00:10:49,480 --> 00:10:51,199 Speaker 1: of the land and allowed them to do whatever they want. 216 00:10:51,240 --> 00:10:53,920 Speaker 1: So then they jumped in. They started freezing bank accounts, 217 00:10:53,920 --> 00:10:59,280 Speaker 1: seizing money. UM. Anybody that was even closely um, related 218 00:10:59,320 --> 00:11:02,480 Speaker 1: to what was going on was getting their accounts frozen. UM. 219 00:11:02,559 --> 00:11:04,560 Speaker 1: Like I said, I heard about a single mother who 220 00:11:04,559 --> 00:11:07,080 Speaker 1: got her accounts frozen. I talked to somebody, um who 221 00:11:07,080 --> 00:11:09,760 Speaker 1: had all his accounts frozen. UM. Somebody else I know 222 00:11:09,880 --> 00:11:14,120 Speaker 1: had their brother worked as a doctor in Texas, a 223 00:11:14,240 --> 00:11:18,520 Speaker 1: doctor in Texas, and he was fired from his job 224 00:11:18,679 --> 00:11:22,200 Speaker 1: for donating to one of these crowdfunding things. And so 225 00:11:22,240 --> 00:11:26,520 Speaker 1: you see that all freedoms starts with the payments. That's 226 00:11:26,559 --> 00:11:29,680 Speaker 1: the key piece to understand there. There are no other 227 00:11:29,840 --> 00:11:37,359 Speaker 1: constitutional rights have any substance without having the freedom to transact. 228 00:11:38,240 --> 00:11:40,560 Speaker 1: You have to have the freedom to transact and so 229 00:11:40,600 --> 00:11:44,600 Speaker 1: we've seen this, uh illustrated super vividly for us through 230 00:11:44,679 --> 00:11:49,520 Speaker 1: what's happening with the truckers. So, UM, we can talk 231 00:11:49,520 --> 00:11:53,520 Speaker 1: about constitutional democracy. So you hear about you know, democracy 232 00:11:53,600 --> 00:11:57,040 Speaker 1: where the people vote and it's the voice of the people. Now, 233 00:11:57,080 --> 00:12:00,800 Speaker 1: first of all, the United States is a democracy. Let 234 00:12:00,840 --> 00:12:02,520 Speaker 1: me just tell you that right off the bat. The 235 00:12:02,600 --> 00:12:06,240 Speaker 1: United States is a republic all right. Um, Canada is 236 00:12:06,240 --> 00:12:08,800 Speaker 1: supposed to be a democracy. But basically you think of 237 00:12:08,800 --> 00:12:11,440 Speaker 1: the United States as a democracy because the people vote 238 00:12:11,440 --> 00:12:14,640 Speaker 1: and you're supposed to have, um, you know, whoever gets 239 00:12:14,640 --> 00:12:16,360 Speaker 1: the most amount of votes right when, So it's kind 240 00:12:16,360 --> 00:12:19,200 Speaker 1: of like a democracy. UM. I'm not going to dig 241 00:12:19,200 --> 00:12:22,120 Speaker 1: in deep into the connection into the into the democracy 242 00:12:22,240 --> 00:12:25,000 Speaker 1: version of the republic debate. I'm happy to do that, um, 243 00:12:25,040 --> 00:12:27,760 Speaker 1: if you would like to send me a message on Twitter, 244 00:12:27,960 --> 00:12:31,400 Speaker 1: UM number one, Mark Moss, just at one Mark Moss, 245 00:12:31,720 --> 00:12:33,080 Speaker 1: let me know if you want to dig into that 246 00:12:33,080 --> 00:12:35,480 Speaker 1: more on another show. I'm certainly happy to do that. 247 00:12:36,040 --> 00:12:39,240 Speaker 1: But in regards to what we're talking about right now today, 248 00:12:39,280 --> 00:12:43,840 Speaker 1: here we have uh, like I said, all free freedom 249 00:12:43,960 --> 00:12:48,000 Speaker 1: starts from the right to transact. Right, That's where it starts. 250 00:12:48,160 --> 00:12:51,599 Speaker 1: So let's say people have a fundamental right to speech, assembly, 251 00:12:52,040 --> 00:12:54,520 Speaker 1: religion and all those things. Right. People are supposed to 252 00:12:54,520 --> 00:12:58,240 Speaker 1: be innocent until proven guilty. Right. The states not supposed 253 00:12:58,240 --> 00:13:01,920 Speaker 1: to be allowed to punish people out due process, um, 254 00:13:01,920 --> 00:13:04,160 Speaker 1: which of course typically means that it's in a court 255 00:13:04,200 --> 00:13:06,440 Speaker 1: of law. And then the state would actually have to 256 00:13:06,559 --> 00:13:10,720 Speaker 1: prove that they've broken some laws. Um, and then you 257 00:13:10,800 --> 00:13:13,439 Speaker 1: have a right to defense. Of course, in Canada, they 258 00:13:13,440 --> 00:13:16,640 Speaker 1: were saying that lawyers that represented these people could be 259 00:13:16,760 --> 00:13:19,679 Speaker 1: found to be supporting a terrorist. But even terrorists are 260 00:13:19,679 --> 00:13:22,600 Speaker 1: supposed to have a right to do process. Now, if 261 00:13:22,600 --> 00:13:27,040 Speaker 1: you disagree with any of those principles, right, the speech, assembly, religion, 262 00:13:27,280 --> 00:13:30,360 Speaker 1: so forth, the right of people to be innocent until 263 00:13:30,400 --> 00:13:35,079 Speaker 1: proven guilty. If you disagree with those, I guess that's fine. Um, 264 00:13:35,120 --> 00:13:37,120 Speaker 1: that's just not the way that I see it. But 265 00:13:37,200 --> 00:13:40,960 Speaker 1: like I said, it all starts with the freedom to transact. 266 00:13:41,760 --> 00:13:45,280 Speaker 1: Without that, you have no rights, all right, And what 267 00:13:45,320 --> 00:13:47,080 Speaker 1: do I mean by that? Well, let's say that you 268 00:13:47,080 --> 00:13:49,679 Speaker 1: have freedom of speech. Okay, Well, to have freedom of 269 00:13:49,720 --> 00:13:53,320 Speaker 1: speech that might require, um that you have you know, 270 00:13:53,400 --> 00:13:55,800 Speaker 1: you're able to print out a pamphlet, um, you can 271 00:13:55,920 --> 00:13:59,200 Speaker 1: advertise Let's say that I could build a website that 272 00:13:59,240 --> 00:14:01,520 Speaker 1: I could go somewhere to like an assembly, and I 273 00:14:01,520 --> 00:14:06,680 Speaker 1: could talk. All of those things cost money. You might 274 00:14:06,720 --> 00:14:08,800 Speaker 1: say that we have a right to assembly. Right in 275 00:14:08,800 --> 00:14:11,960 Speaker 1: the United States, Constitutional Amendment guarantees us the right to assemble. 276 00:14:12,040 --> 00:14:13,920 Speaker 1: On Canada, they did as well, So we have a 277 00:14:14,000 --> 00:14:16,559 Speaker 1: right to assemble um. And in order to do that, 278 00:14:16,640 --> 00:14:20,000 Speaker 1: I might need to go to the place where they're assembling. 279 00:14:20,080 --> 00:14:21,520 Speaker 1: I might need to go there, and so I might 280 00:14:21,520 --> 00:14:23,920 Speaker 1: need to buy gas from my car, I might need 281 00:14:23,960 --> 00:14:25,360 Speaker 1: to take a train, I might need to book a 282 00:14:25,360 --> 00:14:27,920 Speaker 1: hotel room, I might need to whatever right. I might 283 00:14:27,920 --> 00:14:30,200 Speaker 1: need to get food when I'm there. All of those 284 00:14:30,240 --> 00:14:34,200 Speaker 1: things cost money. It requires me to have freedom to transact. 285 00:14:34,720 --> 00:14:36,480 Speaker 1: We might say that we have freedom of religion. As 286 00:14:36,480 --> 00:14:41,480 Speaker 1: a matter of fact, the Constitution guarantees that specifically. But 287 00:14:41,520 --> 00:14:43,840 Speaker 1: in order to have that freedom of religion, the church 288 00:14:43,920 --> 00:14:47,280 Speaker 1: might need to have like a space to meet, which 289 00:14:47,320 --> 00:14:50,040 Speaker 1: means they might need to pay for that space. They 290 00:14:50,120 --> 00:14:53,040 Speaker 1: might need to pay for salaries of people that work 291 00:14:53,080 --> 00:14:55,120 Speaker 1: in the church, and all those things. And all of 292 00:14:55,160 --> 00:14:59,760 Speaker 1: these things cost money. So without the freedom to transact, 293 00:15:00,000 --> 00:15:02,200 Speaker 1: how can I have any freedom and of course I 294 00:15:02,200 --> 00:15:03,880 Speaker 1: could go on and on and on, but I'm guessing 295 00:15:03,880 --> 00:15:06,280 Speaker 1: that you get the point by now. And so we're 296 00:15:06,320 --> 00:15:09,160 Speaker 1: seeing in Canada there is no freedom without that, and 297 00:15:09,560 --> 00:15:12,600 Speaker 1: regardless of where you're at, you probably have the same thing. Now, 298 00:15:12,840 --> 00:15:16,840 Speaker 1: this might seem that it's uh, you know, in today's 299 00:15:16,920 --> 00:15:18,280 Speaker 1: day and age, I guess this is how it is. 300 00:15:18,320 --> 00:15:19,960 Speaker 1: The government can just freeze your money, they can do 301 00:15:20,040 --> 00:15:22,760 Speaker 1: whatever they want. But really, if we look back, just 302 00:15:22,880 --> 00:15:26,080 Speaker 1: not even that far through a little bit of history, 303 00:15:26,160 --> 00:15:28,160 Speaker 1: this isn't the way that it's always been done. As 304 00:15:28,160 --> 00:15:32,440 Speaker 1: a matter of fact, for thousands of years, humans used 305 00:15:32,480 --> 00:15:35,440 Speaker 1: what was known as commodity money. So commodity money was 306 00:15:35,680 --> 00:15:40,440 Speaker 1: feathers or shells or beads, or rocks or gold. And 307 00:15:40,480 --> 00:15:44,520 Speaker 1: all those people kept those feathers, shells, rocks or gold 308 00:15:44,840 --> 00:15:48,280 Speaker 1: on their own. They self custody those things, and they 309 00:15:48,280 --> 00:15:51,320 Speaker 1: were able to transact freely with those shells, rocks, or 310 00:15:51,400 --> 00:15:54,240 Speaker 1: gold for thousands of years. That's the way it happened. 311 00:15:54,480 --> 00:15:57,320 Speaker 1: Those were non custodial. That means I had custody, I 312 00:15:57,360 --> 00:16:00,120 Speaker 1: didn't trust somebody else with them. They were decentralized. I 313 00:16:00,160 --> 00:16:03,840 Speaker 1: had rocks, You had rocks. They were not kyzed. Nobody 314 00:16:03,920 --> 00:16:06,600 Speaker 1: had I d I didn't have to sign a picture 315 00:16:06,680 --> 00:16:08,240 Speaker 1: up next to my passport and hold it up next 316 00:16:08,240 --> 00:16:11,160 Speaker 1: to a camera. That's how it's been for all of 317 00:16:11,160 --> 00:16:14,240 Speaker 1: you man for thousands of years. It's really only been 318 00:16:14,280 --> 00:16:18,120 Speaker 1: about the last twenty years or so that this whole 319 00:16:18,200 --> 00:16:21,920 Speaker 1: thing has started where you were now at the risk 320 00:16:21,960 --> 00:16:26,520 Speaker 1: of financial censorship. Right, Really it started back in two 321 00:16:26,560 --> 00:16:28,800 Speaker 1: thousand one. If we really want to put a put 322 00:16:28,800 --> 00:16:30,560 Speaker 1: a date on it, if we can just look back 323 00:16:30,600 --> 00:16:34,080 Speaker 1: at two thousand one, because before that we had actually 324 00:16:34,200 --> 00:16:37,200 Speaker 1: things put in like Bank Secrecy Act that actually guaranteed 325 00:16:37,240 --> 00:16:41,800 Speaker 1: our privacy and our freedom. But in two thousand one, UM, 326 00:16:41,840 --> 00:16:45,360 Speaker 1: you might recognize that date. It's the date when nine 327 00:16:45,400 --> 00:16:49,280 Speaker 1: eleven happened. It's the day when Americans lost more freedom 328 00:16:49,320 --> 00:16:51,520 Speaker 1: than any other date in history. And it wasn't just 329 00:16:51,560 --> 00:16:54,880 Speaker 1: Americans that lost freedom because in this in this Patriot Act, 330 00:16:54,880 --> 00:16:56,560 Speaker 1: there was all types of regulations that were put in 331 00:16:56,720 --> 00:17:00,840 Speaker 1: to regulate our our ability are free them to transact, 332 00:17:01,040 --> 00:17:04,680 Speaker 1: and that's anybody on the banking system. Because of course 333 00:17:04,760 --> 00:17:07,320 Speaker 1: the U S. Dollars the reserve currency of the world UM. 334 00:17:07,359 --> 00:17:10,040 Speaker 1: It operates the world's reserve system. The swift system, and 335 00:17:10,080 --> 00:17:13,159 Speaker 1: so anybody that banks on that, even other countries on 336 00:17:13,200 --> 00:17:16,280 Speaker 1: their own currencies are now being bullied or pushed or 337 00:17:16,359 --> 00:17:19,240 Speaker 1: regulated by US institutions to follow that. So really it's 338 00:17:19,280 --> 00:17:23,840 Speaker 1: two thousand and one, that's when everything changed. It's new. 339 00:17:24,880 --> 00:17:27,080 Speaker 1: We We've always been able to hold our own money, 340 00:17:27,160 --> 00:17:29,840 Speaker 1: We've always been able to have freedom to transact without 341 00:17:29,960 --> 00:17:32,560 Speaker 1: k y C until now, like I said, it's just 342 00:17:32,600 --> 00:17:36,080 Speaker 1: been the last twenty years, this institutional environment has shifted 343 00:17:36,280 --> 00:17:39,760 Speaker 1: into this non custodial money where now it's non custodial 344 00:17:39,800 --> 00:17:41,480 Speaker 1: meaning I don't have it, mean I keep it in 345 00:17:41,520 --> 00:17:44,560 Speaker 1: the bank, and when the bank has my money, they 346 00:17:44,600 --> 00:17:47,240 Speaker 1: have it. It's not mine anymore. I don't own it. 347 00:17:47,359 --> 00:17:51,520 Speaker 1: They owe it to me. And so just like when 348 00:17:51,560 --> 00:17:53,480 Speaker 1: they put all the gold in the banks and that 349 00:17:53,560 --> 00:17:55,560 Speaker 1: they sees the gold, now we have all the cash 350 00:17:55,560 --> 00:17:58,040 Speaker 1: in the bank. Now there's a lot more to come. 351 00:17:58,040 --> 00:17:59,760 Speaker 1: By the way, you're listening to the markma Show or 352 00:17:59,800 --> 00:18:03,760 Speaker 1: talking about bitcoin, the decentralized revolution, and we're talking about 353 00:18:03,800 --> 00:18:05,600 Speaker 1: what the heck is going on in the world today. 354 00:18:05,880 --> 00:18:08,440 Speaker 1: In context of this, I'm gonna talk about more about custody, 355 00:18:08,480 --> 00:18:10,639 Speaker 1: what you can do and how you can use it. 356 00:18:10,640 --> 00:18:12,639 Speaker 1: Don't go away. I'll be back with more. All right, 357 00:18:12,680 --> 00:18:14,720 Speaker 1: welcome back. You are listening to the markma Show, and 358 00:18:14,720 --> 00:18:17,680 Speaker 1: we are talking about bitcoin. We're talking about the decentralized revolution. 359 00:18:17,680 --> 00:18:21,000 Speaker 1: We're talking about the craziness that's going on in the 360 00:18:21,000 --> 00:18:24,400 Speaker 1: world today, in the in the in the political realm, 361 00:18:24,520 --> 00:18:28,840 Speaker 1: and the financial realm, and of course in technology. Understanding 362 00:18:28,840 --> 00:18:32,280 Speaker 1: all three of these things brings everything into context. All right, 363 00:18:32,280 --> 00:18:34,240 Speaker 1: now we're talking about before the break, we were talking 364 00:18:34,240 --> 00:18:36,840 Speaker 1: about what was going on in Canada and how they've 365 00:18:36,880 --> 00:18:41,880 Speaker 1: really brought to the entire world stage just how easy 366 00:18:42,040 --> 00:18:45,800 Speaker 1: is for the government's to uh, you know, basically freeze 367 00:18:45,800 --> 00:18:49,120 Speaker 1: your life, and they do that by freezing your bank accounts, 368 00:18:49,119 --> 00:18:51,560 Speaker 1: by freezing your money. I was making the case before 369 00:18:51,560 --> 00:18:54,520 Speaker 1: the break that without the free without the freedom to 370 00:18:54,680 --> 00:18:59,560 Speaker 1: transact our money, we have no freedom. That's why with bitcoin, 371 00:18:59,600 --> 00:19:01,000 Speaker 1: we say if we can fix the money, we can 372 00:19:01,040 --> 00:19:04,119 Speaker 1: fix the world, because it all starts with that. And 373 00:19:04,160 --> 00:19:06,600 Speaker 1: so I was breaking that down before the break. We 374 00:19:06,600 --> 00:19:08,200 Speaker 1: have a lot to cover, so I'm gonna keep moving 375 00:19:08,200 --> 00:19:11,119 Speaker 1: forward and I'm gonna go rehash all of that. But 376 00:19:11,160 --> 00:19:12,840 Speaker 1: I was basically saying that you can't have freedom of 377 00:19:12,840 --> 00:19:15,120 Speaker 1: speech if I can't afford to print pamphlets or build 378 00:19:15,119 --> 00:19:17,119 Speaker 1: a website. I can't have freedom of religion if I 379 00:19:17,119 --> 00:19:18,560 Speaker 1: can't afford to rent a space for my church. I 380 00:19:18,600 --> 00:19:20,399 Speaker 1: can't have freedom to assemble if I can't afford to 381 00:19:20,640 --> 00:19:22,479 Speaker 1: go to where that assembly is, if I can't buy 382 00:19:22,520 --> 00:19:25,200 Speaker 1: a bus ticket or a hotel room, right and then 383 00:19:25,200 --> 00:19:27,439 Speaker 1: I was making the case that for thousands of years, 384 00:19:28,440 --> 00:19:32,320 Speaker 1: humans use commodity money shells, rocks, gold, and it was 385 00:19:32,560 --> 00:19:35,840 Speaker 1: non ky seed. That's no your customer. That's when you 386 00:19:35,960 --> 00:19:37,399 Speaker 1: open up a bank, you have to fill out like 387 00:19:37,760 --> 00:19:39,760 Speaker 1: a whole pamphlet full of documents. If you want to 388 00:19:39,760 --> 00:19:42,280 Speaker 1: buy a bitcoin, you have to give them your mother's 389 00:19:42,320 --> 00:19:44,160 Speaker 1: maiden name and a picture of you with your passport 390 00:19:44,200 --> 00:19:46,560 Speaker 1: and your signature and all that. Um and and then 391 00:19:46,600 --> 00:19:49,040 Speaker 1: I was also saying that really it all started just 392 00:19:49,080 --> 00:19:51,960 Speaker 1: about twenty years ago in two thousand one during the 393 00:19:51,960 --> 00:19:56,320 Speaker 1: Patriot Act. And during that Patriot Act day basically took 394 00:19:56,320 --> 00:19:59,600 Speaker 1: away all of our freedom to transact. And just like 395 00:19:59,680 --> 00:20:01,639 Speaker 1: had we had to put all of our gold in 396 00:20:01,680 --> 00:20:03,920 Speaker 1: the banks up to nineteen thirty three, and then they 397 00:20:04,000 --> 00:20:06,919 Speaker 1: the United States government seize the gold. Um we can 398 00:20:06,960 --> 00:20:08,720 Speaker 1: also say the same thing. Now, all of our money 399 00:20:08,760 --> 00:20:10,600 Speaker 1: is in these banks, and when you put the money 400 00:20:10,600 --> 00:20:13,200 Speaker 1: in the bank, the money is not yours legally, this 401 00:20:13,280 --> 00:20:15,480 Speaker 1: is an important point. When you put that money in 402 00:20:15,520 --> 00:20:17,760 Speaker 1: your bank, you fill out a whole bunch of documents, 403 00:20:17,800 --> 00:20:20,160 Speaker 1: and one of those documents says that it's not your 404 00:20:20,160 --> 00:20:22,240 Speaker 1: money anymore. It's the bank's money and they owe you that. 405 00:20:22,320 --> 00:20:25,199 Speaker 1: And it's important for legal reasons that maybe why if 406 00:20:25,200 --> 00:20:27,480 Speaker 1: you've ever tried to wire money to a big woin exchange, 407 00:20:27,480 --> 00:20:30,680 Speaker 1: your bank may have told you know, because they can 408 00:20:30,720 --> 00:20:33,520 Speaker 1: do that because it's not your money. It's there's all right. 409 00:20:33,560 --> 00:20:37,040 Speaker 1: But um, you know, in this Patriot Act, they supposedly 410 00:20:37,160 --> 00:20:40,600 Speaker 1: put these uh new measures in place where you can't 411 00:20:41,040 --> 00:20:43,199 Speaker 1: move your money the way you see fit um, with 412 00:20:43,240 --> 00:20:46,719 Speaker 1: the goal of preventing money laundering and and you know, 413 00:20:47,119 --> 00:20:52,240 Speaker 1: stop terrorism and and reduce tax evasion, which sound great, right, 414 00:20:52,560 --> 00:20:55,000 Speaker 1: those are all things we want. They always put, you know, 415 00:20:55,040 --> 00:20:57,199 Speaker 1: these real nice names, and then of course they use 416 00:20:57,280 --> 00:20:59,800 Speaker 1: fear um. Sometimes they name them things like, you know, 417 00:20:59,840 --> 00:21:02,640 Speaker 1: like Save the Puppies Act, right, I mean, who doesn't 418 00:21:02,640 --> 00:21:05,840 Speaker 1: want to save puppies? Right? Or they say that you know, 419 00:21:05,880 --> 00:21:07,959 Speaker 1: if if we don't give up our rights to do this, 420 00:21:08,040 --> 00:21:11,080 Speaker 1: then you know, everyone could die things like that. So, um, 421 00:21:11,119 --> 00:21:14,200 Speaker 1: you know sure, money laundering, terrorism, those are those are 422 00:21:14,200 --> 00:21:17,040 Speaker 1: bad things. I guess right. I'm pretty sure we have 423 00:21:17,119 --> 00:21:21,600 Speaker 1: laws against those. So if people do bad things, then 424 00:21:21,640 --> 00:21:24,560 Speaker 1: we have laws for that. Do we need to do 425 00:21:24,680 --> 00:21:30,160 Speaker 1: things to prevent people from doing bad things that affect everybody? 426 00:21:31,600 --> 00:21:34,280 Speaker 1: Billions of people when there may be only a couple 427 00:21:34,359 --> 00:21:35,959 Speaker 1: of bad actors. Do we need to do do we need 428 00:21:35,960 --> 00:21:38,480 Speaker 1: to take away the freedoms and the rights of billions 429 00:21:38,480 --> 00:21:41,720 Speaker 1: of people because a couple of people might do bad things. 430 00:21:42,280 --> 00:21:46,320 Speaker 1: You know, I'm pretty sure terrorists also use cars, right, 431 00:21:46,400 --> 00:21:49,919 Speaker 1: they probably use phones. I bet you they even drink water. 432 00:21:51,160 --> 00:21:54,160 Speaker 1: Maybe we should take away water because terrorists drink water. 433 00:21:54,440 --> 00:21:58,240 Speaker 1: You see how crazy that is. Because a terrorist might 434 00:21:58,560 --> 00:22:02,480 Speaker 1: potentially maybe one day use this thing, we're gonna take 435 00:22:02,520 --> 00:22:06,440 Speaker 1: it away from everybody. That's basically how they're trying to work. 436 00:22:06,480 --> 00:22:09,080 Speaker 1: It's kind of like this pre crime. Uh, they may 437 00:22:09,160 --> 00:22:12,040 Speaker 1: do something wrong, and so that we should do something 438 00:22:12,119 --> 00:22:14,199 Speaker 1: and so and and it gets even worse than that 439 00:22:14,240 --> 00:22:16,800 Speaker 1: because then we have things happening in the United States 440 00:22:16,800 --> 00:22:20,760 Speaker 1: and other developed worlds where um, we see, you know 441 00:22:20,800 --> 00:22:23,040 Speaker 1: the United States and the EU where banks and payment 442 00:22:23,080 --> 00:22:25,439 Speaker 1: processes are actually starting to then cut off accounts of 443 00:22:25,640 --> 00:22:29,560 Speaker 1: businesses they don't like. So like, uh, maybe gun shops. 444 00:22:29,600 --> 00:22:31,600 Speaker 1: So in the United States where the Second Amendment, guns 445 00:22:31,600 --> 00:22:34,400 Speaker 1: are protected by that, Um, they're perfectly legal, but yet 446 00:22:34,440 --> 00:22:37,959 Speaker 1: they cut off their accounts or maybe like adult businesses, um, 447 00:22:38,000 --> 00:22:40,480 Speaker 1: whether that be you know online adult businesses. Will leave 448 00:22:40,480 --> 00:22:43,240 Speaker 1: it at that. But we've seen that cut off crypto businesses. 449 00:22:43,240 --> 00:22:46,840 Speaker 1: As I've said, those are perfectly legal businesses, and yet 450 00:22:46,840 --> 00:22:51,440 Speaker 1: the banks shut them off. Those are legal. They don't 451 00:22:51,440 --> 00:22:54,560 Speaker 1: have the right to do that, right. This is the 452 00:22:54,800 --> 00:22:58,000 Speaker 1: this is the way that they slowly start to take 453 00:22:58,160 --> 00:23:01,120 Speaker 1: away our freedoms. Now, if you think this is bad, 454 00:23:01,200 --> 00:23:05,160 Speaker 1: now just wait next. We have central bank digital currencies 455 00:23:05,320 --> 00:23:07,200 Speaker 1: c b d c s. As a matter of fact, 456 00:23:07,240 --> 00:23:09,040 Speaker 1: we know China has been working on for the last 457 00:23:09,040 --> 00:23:11,000 Speaker 1: two years. At the Olympics that they just had they 458 00:23:11,080 --> 00:23:13,159 Speaker 1: rolled it out in full scale release. We know the 459 00:23:13,200 --> 00:23:15,520 Speaker 1: United States, the Federal Reserve is working on their central 460 00:23:15,520 --> 00:23:17,520 Speaker 1: bank digital currency. They've been working on for at least 461 00:23:17,560 --> 00:23:19,520 Speaker 1: a year year and a half and they just put 462 00:23:19,520 --> 00:23:21,320 Speaker 1: it open for comment. A couple of weeks ago, so 463 00:23:21,320 --> 00:23:23,160 Speaker 1: they're getting really close to rolling that out. Of course 464 00:23:23,240 --> 00:23:27,000 Speaker 1: ECB European Central Bank as well, and with a cb 465 00:23:27,119 --> 00:23:30,280 Speaker 1: d C. If you think what they did in Canada 466 00:23:31,000 --> 00:23:34,520 Speaker 1: freezing people's accounts and anybody associated with them was bad, 467 00:23:35,560 --> 00:23:36,960 Speaker 1: we didn't tell you. See what happens with the central 468 00:23:36,960 --> 00:23:39,119 Speaker 1: bank digital currency. As a matter of fact, they're not 469 00:23:39,200 --> 00:23:41,719 Speaker 1: hiding this. They're not they're not trying to tell us 470 00:23:41,920 --> 00:23:43,399 Speaker 1: that that they're not going to do this. As a 471 00:23:43,400 --> 00:23:46,240 Speaker 1: matter of fact, Um, the head of the b i S, 472 00:23:47,200 --> 00:23:49,280 Speaker 1: which is the Bank of International Sentiments, which is the 473 00:23:49,359 --> 00:23:53,680 Speaker 1: central bank above all central banks, basically came out and 474 00:23:53,760 --> 00:23:58,880 Speaker 1: told us exactly that that cash is a problem because 475 00:23:58,880 --> 00:24:02,000 Speaker 1: they can't monitor it, they can't control it. But if 476 00:24:02,000 --> 00:24:04,760 Speaker 1: they have something like central bank digital currencies, they could. 477 00:24:04,800 --> 00:24:07,200 Speaker 1: They could see every single transaction and they could see 478 00:24:07,240 --> 00:24:12,480 Speaker 1: who associated with who transacted with who. So I might 479 00:24:12,560 --> 00:24:16,320 Speaker 1: have bought a sandwich for some guy who then donated 480 00:24:16,400 --> 00:24:19,639 Speaker 1: fifty bucks to a trucker and then because I'm in 481 00:24:19,640 --> 00:24:22,399 Speaker 1: the chain, I get my account shut. Now see how 482 00:24:22,400 --> 00:24:26,359 Speaker 1: that works. Um. Of course, you know these aspiring dictators 483 00:24:26,359 --> 00:24:29,920 Speaker 1: like Justin Trudeau. Um, I believe last week I played 484 00:24:29,920 --> 00:24:32,359 Speaker 1: a clip of him saying the country he admired the 485 00:24:32,359 --> 00:24:35,960 Speaker 1: most was China because it was a dictator. So that's 486 00:24:36,000 --> 00:24:38,080 Speaker 1: his own words. I'm not putting those words in his mouth. 487 00:24:38,119 --> 00:24:40,080 Speaker 1: That's what he said. But these power hungry people that 488 00:24:40,160 --> 00:24:43,520 Speaker 1: run for office, they love this right and it's it's 489 00:24:43,560 --> 00:24:46,080 Speaker 1: what what we might call mission creep. Um So in 490 00:24:46,080 --> 00:24:48,399 Speaker 1: two thousand one, nobody said the goal is to be 491 00:24:48,440 --> 00:24:52,240 Speaker 1: able to apply negative interest rates to your savings. But 492 00:24:52,280 --> 00:24:54,199 Speaker 1: yet and here we are central bank digital currencies will 493 00:24:54,200 --> 00:24:58,160 Speaker 1: allow them to do just that. Um you know, if hey, Mark, 494 00:24:58,240 --> 00:25:01,160 Speaker 1: you're saving too much, so we're gonna a negative interest rates. 495 00:25:01,200 --> 00:25:05,120 Speaker 1: So uh so you spend more and you over there 496 00:25:05,119 --> 00:25:07,200 Speaker 1: you're not saving enough, so we have positive interest rates. 497 00:25:07,240 --> 00:25:09,840 Speaker 1: They can do things like that, um or they could, 498 00:25:10,119 --> 00:25:11,880 Speaker 1: uh you know, they could do all kinds of things 499 00:25:11,880 --> 00:25:15,280 Speaker 1: like that. It's programmable if you will. And once you 500 00:25:15,359 --> 00:25:17,560 Speaker 1: start going down that path, that mission creep sets in 501 00:25:17,640 --> 00:25:21,680 Speaker 1: only gets worse and worse. And they might think that 502 00:25:21,760 --> 00:25:24,520 Speaker 1: your criminal, Like why do you need to withdraw five 503 00:25:24,560 --> 00:25:27,040 Speaker 1: thou dollars in cash? When I go why our money? 504 00:25:27,040 --> 00:25:29,159 Speaker 1: They say, who do you know who you're sending this 505 00:25:29,200 --> 00:25:30,960 Speaker 1: money to? Why are you sending to them all those 506 00:25:30,960 --> 00:25:33,280 Speaker 1: things right, and like I said, all of history it's 507 00:25:33,280 --> 00:25:37,879 Speaker 1: always been non custodio only now it's a problem. So 508 00:25:37,920 --> 00:25:41,040 Speaker 1: if we have constitutional rights, we need to have the 509 00:25:41,200 --> 00:25:45,960 Speaker 1: right to transact. Of course, that's what bitcoin fixes. As 510 00:25:45,960 --> 00:25:48,560 Speaker 1: long as we have our money in the bank, then 511 00:25:48,680 --> 00:25:50,760 Speaker 1: it's no longer our money, and they have the right 512 00:25:50,800 --> 00:25:53,919 Speaker 1: to do that, especially with the central bank digital currencies. 513 00:25:54,359 --> 00:25:57,240 Speaker 1: So how does bitcoin fix that? Well, Bitcoin is a 514 00:25:57,280 --> 00:26:00,119 Speaker 1: way that I can hold my money. I can have 515 00:26:00,320 --> 00:26:03,800 Speaker 1: custody of it myself. I don't have to allow somebody 516 00:26:03,840 --> 00:26:05,280 Speaker 1: else to hold that. So if the cash in my 517 00:26:05,320 --> 00:26:08,160 Speaker 1: bank is being held by the bank, um, but with bitcoin, 518 00:26:08,240 --> 00:26:11,600 Speaker 1: I can hold it myself. I can have custody of 519 00:26:11,600 --> 00:26:15,160 Speaker 1: that myself. And I would do that by holding access 520 00:26:15,200 --> 00:26:19,320 Speaker 1: to my private key. So it's it's not as difficult 521 00:26:19,320 --> 00:26:22,639 Speaker 1: as it sounds. Um. With bitcoin, you have to you 522 00:26:22,640 --> 00:26:24,720 Speaker 1: have a public address. It's like your bank account. I 523 00:26:24,720 --> 00:26:26,000 Speaker 1: can give you my bank account. You can go to 524 00:26:26,080 --> 00:26:28,359 Speaker 1: the bank and deposit money in my in my account, 525 00:26:28,960 --> 00:26:32,280 Speaker 1: but only I have access to move the money in 526 00:26:32,280 --> 00:26:34,119 Speaker 1: that account. If it was like a locker, would be 527 00:26:34,119 --> 00:26:36,240 Speaker 1: like a public locker c. Nineteen. You can go put 528 00:26:36,600 --> 00:26:39,119 Speaker 1: an envelope in my locker c. Nineteen But only I 529 00:26:39,240 --> 00:26:44,199 Speaker 1: have the private key that allows me to move that money. 530 00:26:44,640 --> 00:26:48,119 Speaker 1: And when I have that private key, no government, no person, 531 00:26:48,200 --> 00:26:51,520 Speaker 1: no thief, no robber, nobody can get access to that 532 00:26:51,600 --> 00:26:55,920 Speaker 1: to manipulate it and steal it or take it or 533 00:26:55,960 --> 00:26:58,600 Speaker 1: sees it only if they get excess the private key. 534 00:26:58,640 --> 00:27:02,680 Speaker 1: Of course, you might imagine they don't really like that 535 00:27:02,720 --> 00:27:09,359 Speaker 1: too much. Imagine the government um allowing you because you 536 00:27:09,400 --> 00:27:11,840 Speaker 1: know now you get your right from them supposedly. Imagine 537 00:27:11,840 --> 00:27:15,480 Speaker 1: the government now um deciding are allowing you that if 538 00:27:15,320 --> 00:27:19,280 Speaker 1: if you're even allowed to custody your own money. That's 539 00:27:19,280 --> 00:27:21,520 Speaker 1: exactly what regulators in Canada are doing. As a matter 540 00:27:21,560 --> 00:27:25,440 Speaker 1: of fact, they are sending out warnings about customing your 541 00:27:25,480 --> 00:27:27,240 Speaker 1: own money. I want to have more about that, and 542 00:27:27,280 --> 00:27:29,080 Speaker 1: then I'm gonna talk about how you can use this 543 00:27:29,160 --> 00:27:32,199 Speaker 1: bitcoin without going back into FIAT when they're trying to regulate. 544 00:27:32,200 --> 00:27:33,760 Speaker 1: I'm gonna give you some exact steps you can do 545 00:27:33,800 --> 00:27:36,160 Speaker 1: with your bitcoin. You want to know about that. You're 546 00:27:36,200 --> 00:27:38,600 Speaker 1: listening to the Markma Show. We're talking about bitcoin, the 547 00:27:38,760 --> 00:27:42,719 Speaker 1: decentralized revolution, and how you can have freedom with your 548 00:27:42,720 --> 00:27:44,760 Speaker 1: own payments. I got a lot more to cover when 549 00:27:44,800 --> 00:27:47,320 Speaker 1: I get back. Don't go away, all right, welcome back. 550 00:27:47,359 --> 00:27:50,040 Speaker 1: You are listening to the Markma Show. We're talking about bitcoin, 551 00:27:50,119 --> 00:27:53,240 Speaker 1: We're talking about the decentralized revolution. We are talking about 552 00:27:53,640 --> 00:27:56,760 Speaker 1: the craziness of what is going on in the world today, 553 00:27:57,160 --> 00:28:01,000 Speaker 1: and of course how you can survive, not just survive, 554 00:28:01,080 --> 00:28:04,160 Speaker 1: but you can survive and thrive through this. Now before 555 00:28:04,200 --> 00:28:07,520 Speaker 1: the break for this show, I've been talking about um 556 00:28:07,560 --> 00:28:11,000 Speaker 1: looking at Canada as an illustration that's obviously front and center. 557 00:28:11,119 --> 00:28:12,439 Speaker 1: There's a lot more going on in the world, but 558 00:28:12,440 --> 00:28:15,600 Speaker 1: it's a perfect illustration of just how far and how 559 00:28:15,680 --> 00:28:18,960 Speaker 1: fast governments can move against you, and more importantly, what 560 00:28:19,000 --> 00:28:21,720 Speaker 1: we can do to protect ourselves. I was talking about 561 00:28:21,800 --> 00:28:27,680 Speaker 1: how without the freedom to transact, we have no freedom. 562 00:28:27,720 --> 00:28:29,040 Speaker 1: That's why we say, if we fix the money, we 563 00:28:29,080 --> 00:28:31,480 Speaker 1: fix what it's the it's the problem with the payments. 564 00:28:31,840 --> 00:28:35,200 Speaker 1: That's what we need to fix. You hear cryptocurrency trying 565 00:28:35,200 --> 00:28:38,920 Speaker 1: to solve like you know, uh, what we're gonna manage 566 00:28:39,000 --> 00:28:42,520 Speaker 1: let us on the supply chain, Like really, is that 567 00:28:42,560 --> 00:28:44,520 Speaker 1: what we need? We need to we need a better 568 00:28:44,560 --> 00:28:47,680 Speaker 1: way to manage supply chains. That's going to fix the world. No, 569 00:28:48,000 --> 00:28:51,920 Speaker 1: the problem is the money. We need the freedom to transact. Now. 570 00:28:52,600 --> 00:28:56,400 Speaker 1: I was talking about how for all of eternity, money 571 00:28:56,680 --> 00:28:58,520 Speaker 1: was free and there was no k y C. We 572 00:28:58,520 --> 00:29:00,680 Speaker 1: could use it however we wanted. We can cuss ourselves 573 00:29:00,880 --> 00:29:03,240 Speaker 1: whether it was feathers or rocks, or seashells or gold. 574 00:29:03,640 --> 00:29:06,320 Speaker 1: And really it wasn't until about UM two thousand one, 575 00:29:06,480 --> 00:29:08,680 Speaker 1: nine eleven is when things change, and so it's really 576 00:29:08,680 --> 00:29:10,800 Speaker 1: only been about twenty years that this is the way 577 00:29:10,840 --> 00:29:12,640 Speaker 1: it is. But it seems like it's just the way 578 00:29:12,680 --> 00:29:15,959 Speaker 1: it's always been. But that is not the case. And 579 00:29:16,000 --> 00:29:18,360 Speaker 1: we can change that. We can take back the power. 580 00:29:18,440 --> 00:29:21,000 Speaker 1: And we do that UM by using like bitcoin and 581 00:29:21,080 --> 00:29:24,280 Speaker 1: having custody of our ourselves. I was explained that before 582 00:29:24,320 --> 00:29:26,800 Speaker 1: the break. But of course they don't really like that. 583 00:29:28,160 --> 00:29:31,000 Speaker 1: The government's like, wait a minute, so you you now 584 00:29:31,040 --> 00:29:35,400 Speaker 1: have a way to hold your assets that we can't 585 00:29:35,440 --> 00:29:38,760 Speaker 1: inflate and steal from you. You mean that you can 586 00:29:38,800 --> 00:29:41,320 Speaker 1: now hold your wealth in a way that you could 587 00:29:41,400 --> 00:29:43,800 Speaker 1: send it to anybody and we can't stop it or 588 00:29:43,800 --> 00:29:46,840 Speaker 1: block it or prevent that. M we don't like that. 589 00:29:46,880 --> 00:29:50,200 Speaker 1: And as a matter of fact, as this whole thing 590 00:29:50,240 --> 00:29:53,440 Speaker 1: in Canada was um bringing it to the world stage. Really, 591 00:29:53,480 --> 00:29:56,160 Speaker 1: I like to say that, you know, bitcoin is Bitcoin 592 00:29:56,200 --> 00:29:58,520 Speaker 1: is a decentralized protocol. It's a it's a it's a 593 00:29:58,520 --> 00:30:03,120 Speaker 1: piece of software. There's no company, there's no founder, there's 594 00:30:03,120 --> 00:30:07,200 Speaker 1: no there's no marketing department. We don't need a marketing 595 00:30:07,200 --> 00:30:09,640 Speaker 1: department for bitcoin because the politicians are doing all the 596 00:30:09,680 --> 00:30:13,000 Speaker 1: marketing that we need them to do. Of course, they 597 00:30:13,080 --> 00:30:21,240 Speaker 1: can't stop drugs, right. Drugs have to be grown, cultivated, packaged, shipped, smuggled, distributed. 598 00:30:22,160 --> 00:30:25,640 Speaker 1: They can't even stop that something physical. How are they 599 00:30:25,680 --> 00:30:30,120 Speaker 1: going to stop something digital? Right? They can't. And even 600 00:30:30,200 --> 00:30:33,000 Speaker 1: more than that, when the government tells me, hey, we're 601 00:30:33,040 --> 00:30:34,920 Speaker 1: gonna have a war on drugs and you shouldn't do 602 00:30:35,000 --> 00:30:37,880 Speaker 1: drugs because they're bad for you, that doesn't make me 603 00:30:37,920 --> 00:30:41,240 Speaker 1: want to go do drugs. I see plenty of drug 604 00:30:41,240 --> 00:30:43,440 Speaker 1: addicts on the street around where I'm out in California. 605 00:30:43,600 --> 00:30:46,160 Speaker 1: I don't want to go do that. However, when they 606 00:30:46,200 --> 00:30:49,640 Speaker 1: tell me that I don't have the right to control 607 00:30:49,680 --> 00:30:51,640 Speaker 1: my own money and they can seize it and freeze 608 00:30:51,680 --> 00:30:54,440 Speaker 1: it whenever that whenever they want to, that kind of 609 00:30:54,480 --> 00:30:56,520 Speaker 1: makes me want to go get my money. Out of 610 00:30:56,560 --> 00:30:59,440 Speaker 1: the bank, right, that's why they're doing their own money 611 00:30:59,440 --> 00:31:02,200 Speaker 1: for their own from are their own promoting for us 612 00:31:02,360 --> 00:31:05,160 Speaker 1: And so what we saw as uh as this was happening, 613 00:31:05,200 --> 00:31:07,960 Speaker 1: of course, when they started announcing to everybody, I saw 614 00:31:08,200 --> 00:31:13,280 Speaker 1: a video from Jordan Peterson, and Jordan Peterson from Canada said, Hey, 615 00:31:13,280 --> 00:31:14,880 Speaker 1: I've been talking to a bunch of high level people 616 00:31:14,880 --> 00:31:16,800 Speaker 1: in the military and they told me that I need 617 00:31:16,840 --> 00:31:18,800 Speaker 1: to get my money out of the bank. That's what 618 00:31:18,880 --> 00:31:21,240 Speaker 1: Jordan Peterson said. So when they tell you we can 619 00:31:21,240 --> 00:31:23,840 Speaker 1: seize your money, freese your money, um, that makes you 620 00:31:23,880 --> 00:31:25,680 Speaker 1: want to go get it out of the bank um 621 00:31:25,720 --> 00:31:28,960 Speaker 1: and put it into bitcoin. And so we saw regulators 622 00:31:28,960 --> 00:31:34,120 Speaker 1: in Canada warned crypto exchanges not to promote self custodial wallets. 623 00:31:34,520 --> 00:31:36,720 Speaker 1: As a matter of fact, the Ontario Securities Commission sent 624 00:31:36,960 --> 00:31:40,720 Speaker 1: tweets from coin Based CEO Brian Armstrong and Cracking CEO 625 00:31:40,800 --> 00:31:44,080 Speaker 1: Jesse Pale to the Canadian police and said, look, they're 626 00:31:44,240 --> 00:31:48,520 Speaker 1: they're encouraging people to to hold their own assets in 627 00:31:48,520 --> 00:31:50,800 Speaker 1: a way we can't steal from them. That's basically what 628 00:31:50,800 --> 00:31:53,600 Speaker 1: they said. Tweets from CEOs of coin Based and Cracking 629 00:31:53,600 --> 00:31:56,960 Speaker 1: that advocated self custody of digital assets are being looked 630 00:31:56,960 --> 00:32:00,080 Speaker 1: at by the Royal Canadian Mounted Police for violating and 631 00:32:00,160 --> 00:32:04,360 Speaker 1: sanctions put in place to curb the trucker protests in 632 00:32:04,400 --> 00:32:09,720 Speaker 1: the country. They said, mean tweets. Imagine that. Imagine them 633 00:32:10,280 --> 00:32:13,160 Speaker 1: encouraging people to do that. Now. Uh shoot, I've sent 634 00:32:13,200 --> 00:32:15,040 Speaker 1: a bunch of tweets too. By the way, if you're 635 00:32:15,040 --> 00:32:16,480 Speaker 1: not following me on Twitter, you should. It's just the 636 00:32:16,480 --> 00:32:20,280 Speaker 1: one Mark Moss. But I mean, I also said the 637 00:32:20,320 --> 00:32:22,640 Speaker 1: same thing. If if they're going to tell you that 638 00:32:22,760 --> 00:32:24,800 Speaker 1: we want to be able to freeze and seize your 639 00:32:24,800 --> 00:32:28,240 Speaker 1: money whenever we want take away your ability to feed 640 00:32:28,280 --> 00:32:31,960 Speaker 1: your family or pay your bills, then you should probably 641 00:32:32,040 --> 00:32:36,240 Speaker 1: get your money out before that happens, right, doesn't That 642 00:32:36,280 --> 00:32:39,959 Speaker 1: makes sense? But they don't like that. They don't like that. 643 00:32:40,000 --> 00:32:42,680 Speaker 1: The the Ontario Securities Commission OSC sent the tweets to 644 00:32:42,680 --> 00:32:45,320 Speaker 1: the police because it believed that the crypto executives were 645 00:32:45,400 --> 00:32:52,960 Speaker 1: offering advice on how to evade the sanctions. Imagine that, Uh, 646 00:32:53,040 --> 00:32:56,280 Speaker 1: they're offering advice on how to evade sanctions, as if 647 00:32:56,280 --> 00:33:00,920 Speaker 1: people didn't know. Again, no self custody, mean that I'm 648 00:33:01,040 --> 00:33:03,520 Speaker 1: the owner of that digital asset. I'm the owner of 649 00:33:03,520 --> 00:33:06,760 Speaker 1: that bitcoin. I hold the private key for that wallet, 650 00:33:07,080 --> 00:33:12,000 Speaker 1: and because I hold the key, then only I am 651 00:33:12,040 --> 00:33:15,600 Speaker 1: able to move that around. Now, representatives for Cracking and 652 00:33:15,600 --> 00:33:17,920 Speaker 1: coin base have said that the exchanges intend to comply 653 00:33:18,080 --> 00:33:21,200 Speaker 1: with the law. Both companies, however, have taken a public 654 00:33:21,240 --> 00:33:23,680 Speaker 1: stance that they believe money shouldn't be censored and users 655 00:33:23,760 --> 00:33:27,480 Speaker 1: should have protection from unjust seizure of assets. So, you know, 656 00:33:27,520 --> 00:33:29,680 Speaker 1: according to the law of the land, both in the 657 00:33:29,760 --> 00:33:32,880 Speaker 1: United States and Canada, they're supposed to go through this 658 00:33:33,040 --> 00:33:38,880 Speaker 1: due process. You're supposed to be innocent until proven guilty. 659 00:33:39,000 --> 00:33:41,320 Speaker 1: So who's breaking the law here? A right? If we 660 00:33:41,440 --> 00:33:46,960 Speaker 1: have a constitution that lays the law down. Um, Cracking 661 00:33:47,000 --> 00:33:49,480 Speaker 1: and coin based are saying this is unjust seizures. Now. 662 00:33:49,600 --> 00:33:53,600 Speaker 1: I did see a tweet on on Twitter, tweet on Twitter, 663 00:33:53,640 --> 00:33:57,560 Speaker 1: of course, and I saw someone tweet at the CEO 664 00:33:57,640 --> 00:34:00,920 Speaker 1: of Cracking and they said, hey, um, we see that 665 00:34:01,400 --> 00:34:04,040 Speaker 1: Canada is you know, starting to go after money and 666 00:34:04,080 --> 00:34:06,480 Speaker 1: try to freeze funds and seize funds and things like that. 667 00:34:06,880 --> 00:34:10,400 Speaker 1: And uh, is Cracking going to protect us or are 668 00:34:10,400 --> 00:34:14,080 Speaker 1: they going to turn us over to the authorities? Asked 669 00:34:14,080 --> 00:34:18,960 Speaker 1: They asked him this publicly on Twitter, and he said, UM, 670 00:34:19,160 --> 00:34:22,920 Speaker 1: we can't protect you. We will comply, we have to, 671 00:34:23,200 --> 00:34:26,879 Speaker 1: and so you should get your money off the exchange. 672 00:34:26,960 --> 00:34:29,360 Speaker 1: That's what he said. Uh. Now, I'm sure he probably 673 00:34:29,400 --> 00:34:31,239 Speaker 1: said lots of tweets and maybe he was promoting it more, 674 00:34:31,280 --> 00:34:33,200 Speaker 1: but in that specific tweet, he was asked the question 675 00:34:33,200 --> 00:34:35,200 Speaker 1: will you protect me or will you turn me into 676 00:34:35,200 --> 00:34:38,200 Speaker 1: the government, and he said, we can't. We cannot protect you, 677 00:34:38,280 --> 00:34:41,719 Speaker 1: So don't make us, don't trust us, don't rely on 678 00:34:41,800 --> 00:34:45,360 Speaker 1: us to protect you because we can't. You protect yourself. 679 00:34:46,040 --> 00:34:48,560 Speaker 1: You pull that off the exchange and you hold that 680 00:34:48,600 --> 00:34:52,399 Speaker 1: on your own. You secure your keys now real quickly. UM. 681 00:34:52,520 --> 00:34:54,320 Speaker 1: So now you have the bitcoin. Let's say you're a trucker. 682 00:34:54,320 --> 00:34:56,520 Speaker 1: You got donated bitcoin. What are you gonna do with it? 683 00:34:56,600 --> 00:34:59,360 Speaker 1: I can't turn it back into fiat. Um. There's not 684 00:34:59,440 --> 00:35:01,840 Speaker 1: very many play is in Canada that that allow me 685 00:35:01,880 --> 00:35:03,719 Speaker 1: to go buy things with bitcoin. So what am I 686 00:35:03,719 --> 00:35:06,920 Speaker 1: gonna do? Well? A couple of things you can do. Um, 687 00:35:06,960 --> 00:35:09,799 Speaker 1: there's websites set up so you can go to um 688 00:35:10,239 --> 00:35:13,719 Speaker 1: like bit refill for example, and you go to bit 689 00:35:13,880 --> 00:35:19,160 Speaker 1: refill dot com and you can basically take your bitcoin 690 00:35:19,320 --> 00:35:21,359 Speaker 1: and you can buy gift cards. So you can buy 691 00:35:21,440 --> 00:35:26,319 Speaker 1: gift cards from Amazon or Walmart or Sam's Club or 692 00:35:26,880 --> 00:35:29,640 Speaker 1: you name it. You can go to eBay or Uber 693 00:35:29,719 --> 00:35:33,960 Speaker 1: eats or lows or Uber or airlines or whatever pretty 694 00:35:34,040 --> 00:35:36,800 Speaker 1: much anything you can imagine. You can buy gift cards 695 00:35:36,800 --> 00:35:40,760 Speaker 1: with your bitcoin. So turn your bitcoin into buy stuff 696 00:35:40,760 --> 00:35:43,680 Speaker 1: on Amazon, buy food, things like that, everything that you need, 697 00:35:43,719 --> 00:35:46,279 Speaker 1: you can do it that way. UM. Also you can 698 00:35:46,320 --> 00:35:49,960 Speaker 1: go to Bitcoin Gift Cards dot Bitcoin dot com, same thing, 699 00:35:50,360 --> 00:35:53,360 Speaker 1: and you can take that bitcoin and turn it into 700 00:35:53,880 --> 00:35:57,560 Speaker 1: UM gift cards. You can also sell that. So then 701 00:35:57,600 --> 00:36:01,359 Speaker 1: there's like a website like packs fold p A X 702 00:36:01,480 --> 00:36:06,239 Speaker 1: f U L and I'm packsful. You can buy bitcoin UM. 703 00:36:06,280 --> 00:36:08,759 Speaker 1: You can buy bitcoin with Visa gift cards. You can 704 00:36:08,760 --> 00:36:11,600 Speaker 1: buy bitcoin with cash. You can buy bitcoin with with 705 00:36:11,680 --> 00:36:14,799 Speaker 1: gift cards. So if you have bitcoin, you could sell 706 00:36:14,880 --> 00:36:18,640 Speaker 1: it on packs full UM in exchange for cash or 707 00:36:18,680 --> 00:36:21,279 Speaker 1: in exchange for Visa gift cards. And this is done 708 00:36:21,360 --> 00:36:23,640 Speaker 1: peer to peer, all right, So you can do that 709 00:36:23,920 --> 00:36:26,440 Speaker 1: or you can just buy the gift cards yourself and 710 00:36:26,480 --> 00:36:30,440 Speaker 1: then go spend those. So there's these online peer to 711 00:36:30,520 --> 00:36:33,880 Speaker 1: peer marketplaces that people can exchange the bitcoin. They can 712 00:36:33,920 --> 00:36:36,279 Speaker 1: exchange gift cards and things like that, and you might 713 00:36:36,280 --> 00:36:38,439 Speaker 1: pay a little bit more of a fee, but it's 714 00:36:38,560 --> 00:36:41,319 Speaker 1: peer to peer. That means person to person, that means 715 00:36:41,600 --> 00:36:45,359 Speaker 1: not through these regulated entities. Um and so if you're 716 00:36:45,520 --> 00:36:47,760 Speaker 1: in Canada or anywhere in the world for that matter, 717 00:36:47,960 --> 00:36:51,080 Speaker 1: if you're an Afghanistan where the Taliban won't allow you 718 00:36:51,080 --> 00:36:53,480 Speaker 1: to have money, and somebody sends you bitcoin, these are 719 00:36:53,560 --> 00:36:55,879 Speaker 1: ways that you can get around it. Packs well, that's 720 00:36:55,960 --> 00:36:58,960 Speaker 1: p a x f u L, that's bit refill, that's 721 00:36:58,960 --> 00:37:01,480 Speaker 1: b I t r E f I l L. Check 722 00:37:01,560 --> 00:37:03,839 Speaker 1: those out. You're listening to the Mark Moss Show. We've 723 00:37:03,840 --> 00:37:06,719 Speaker 1: been talking about bitcoin, the decentralized revolution, and what's going 724 00:37:06,760 --> 00:37:10,600 Speaker 1: on with your payments and your money. Hopefully that makes sense. 725 00:37:10,920 --> 00:37:12,960 Speaker 1: Send me a tweet at one Mark Moss and let 726 00:37:13,000 --> 00:37:15,480 Speaker 1: me know. Of course, has always tune with me each 727 00:37:15,560 --> 00:37:17,880 Speaker 1: end every week. It's a pleasure being with you. Thanks 728 00:37:17,880 --> 00:37:18,320 Speaker 1: for listening.