Speaker 1: Hello, and welcome to another episode of The Mark Moss Show,
Speaker 1: where we're talking about bitcoin, We're talking about cryptocurrencies, and
Speaker 1: we're talking about the decentralized revolution that we are all
Speaker 1: living through right now, whether you whether you realize it
Speaker 1: or not, whether you realize it or not, it's happening
Speaker 1: and we're witnessing and a lot of people are getting
Speaker 1: ridiculously wealthy, building wealth that could last multiple generations. I am.
Speaker 1: The question is are you I want you to be,
Speaker 1: which is why I'm doing this show, and which is
Speaker 1: why you should be tuning in each and every week
Speaker 1: so you can have the information that you need to
Speaker 1: have the right perspective to have the long term perspective. Now,
Speaker 1: I'm not a gambler, Um, I'm not a trader. I
Speaker 1: don't think that the average person should be gambling away.
Speaker 1: They're hard and an income and unfortunately, that's what we're
Speaker 1: seeing in the marketplace today. UM. About a month ago,
Speaker 1: we saw options trading surpass stock trading for the first
Speaker 1: time in history. What does that mean? That means that
Speaker 1: we're in a gambler culture right now. We're in a
Speaker 1: gambler economy. Um. Options trading is gambling on the future
Speaker 1: price of an asset versus stock. Investing is like buying
Speaker 1: equity of a company, right, like warm buffet about Coca
Speaker 1: Cola sixty five years ago because it was a great company.
Speaker 1: It continues to pay lots of cash flow for him.
Speaker 1: That's an asset, it's an investment. Um. Options trading is
Speaker 1: only gambling on which way the price is going to be.
Speaker 1: And the problem with options trading and gambling, crypto trading,
Speaker 1: you know, meme stocks, whatever it is, it's not providing
Speaker 1: any value to the world. Now, we're supposed to get
Speaker 1: money for the value that we provide. If you want
Speaker 1: to make more money, you have to provide more value.
Speaker 1: That's the way it works. Um, I should get paid
Speaker 1: for for solving somebody else's problem or need, right, And
Speaker 1: that's how it works. When I got my investing career started, uh,
Speaker 1: I was eighteen, I bought U my first house. It
Speaker 1: was a bank owned repo at the time. Um, well
Speaker 1: still today, but at at the time, the bank's owned
Speaker 1: all these these houses out there with all these repossessed houses,
Speaker 1: and a lot of times these repossessed houses got thrashed
Speaker 1: like the people would throw you know, param up, tear
Speaker 1: out the kitchen, tear out the floors, et cetera, and um.
Speaker 1: The banks couldn't sell these two regular retail people because
Speaker 1: banks won't make loans on houses that don't have kitchens
Speaker 1: or don't have floors in them, And so they needed
Speaker 1: somebody like me, an investor, to come in buy the
Speaker 1: house and then fix it up, make it look brand
Speaker 1: new again, and then it could be sold. So I
Speaker 1: was buying it, I was providing value, and then I
Speaker 1: was making money. So I was making money for the
Speaker 1: value I was providing. But when you're trading stocks, you're
Speaker 1: trading cryptocurrencies, or you're training options, you're not providing value
Speaker 1: to anything. Are you doing? Trading one asked for another,
Speaker 1: trading trade and trade and trade and trading um, and
Speaker 1: so there's there's there's no value that's being provided by that.
Speaker 1: But that's just a sign of the times that we're in,
Speaker 1: I think for the average person. For for for every
Speaker 1: story that you hear about somebody hitting it big and
Speaker 1: they bought sheibu inu and made five thousand percent um,
Speaker 1: there's another million people that bought a bunch of other
Speaker 1: coins that didn't and they bought shebu at the top
Speaker 1: and lost all their money and so um. There's also
Speaker 1: stories that people win in the lottery every day. But
Speaker 1: you don't rush out and buy all all your lottery
Speaker 1: tickets either. Now, if you want to buy a couple
Speaker 1: lottery tickets, you know, more power to you do that.
Speaker 1: You want to go to Vegas and gamble a little bit, sure,
Speaker 1: go have some fun. Right, you want to go gamble
Speaker 1: and shebu we knew, go ahead and do that as well,
Speaker 1: But just know what you're doing, right. You wouldn't want
Speaker 1: to You wouldn't want to go buy You wouldn't take
Speaker 1: all the money you have and buy lottery tickets with it. Uh,
Speaker 1: Nor would you take all your money and go to Vegas.
Speaker 1: But hopefully you wouldn't. And you definitely shouldn't take all
Speaker 1: your money and go buy these risky crypto assets or
Speaker 1: options trade either. And so really the best way is
Speaker 1: to buy trophy assets. I'm scarce assets that are gonna
Speaker 1: continue to go open value and you hold onto those. Um.
Speaker 1: You know, the stock markets averaged about a six to
Speaker 1: eight percent return, depend on if you look at it.
Speaker 1: You know what time period you look at it, sixty years,
Speaker 1: eighty years, etcetera. UM and bitcoin has been averaging a
Speaker 1: two hundred percent compotent annual growth rate, which is way
Speaker 1: better two hundreds, way better than six. But for some
Speaker 1: reason in today's game of their economy, isn't that good anymore,
Speaker 1: I guess, And now people need to make I need
Speaker 1: to make two two hundred uh times on my money
Speaker 1: in in thirty days or it's no good. And unfortunately
Speaker 1: that's just a recipe for disaster. Um. But I want
Speaker 1: to give you the information that you need that you
Speaker 1: can continue to hold. I mean, I've been telling people
Speaker 1: to buy a bitcoins since it was three hundred bucks,
Speaker 1: when it was three thousand bucks, when it was thirty
Speaker 1: thousand bucks, and every time it drops, people like, oh, Mark,
Speaker 1: you told me to hold this thing, and now it
Speaker 1: lost value. I'm mad. And it's like, oh you're mad.
Speaker 1: It dropped all the way to two thousand, right or whatever.
Speaker 1: But now it's in fifty six thousand. So that's what
Speaker 1: this information is for us. Why that's it's powerful, it's important.
Speaker 1: I do also like to say a lot of times
Speaker 1: that the price is a distraction, right, and so we
Speaker 1: know that it's going to continue going up, but the
Speaker 1: short term price is a distraction. Zoomed out. We can
Speaker 1: see the price always goes up, but short term it's
Speaker 1: a distraction. What we want to look at is we
Speaker 1: want to look at the growth of the network. We
Speaker 1: want to look at the development going on the network,
Speaker 1: and as long as we pay attention to that, as
Speaker 1: long as those things will continue to go up, then
Speaker 1: the price will take care of itself. And we every
Speaker 1: day we're seeing new developments happening that are telling us
Speaker 1: that those two numbers are going up massive. Now, something
Speaker 1: big happened yesterday, and it's it's actually really big because
Speaker 1: it actually coincides with something else that was really big
Speaker 1: back in two thousand seventeen. So back in two thousand seventeen,
Speaker 1: that was the crazy cryptocurrency bull run. From the beginning
Speaker 1: of twenty seventeen, I think Bitcoin was like a thousand
Speaker 1: dollars and by the end of Seen and end up
Speaker 1: as a twenty x in twelve months, which was insane.
Speaker 1: Ethereum did even better. Ethereum did even more than that,
Speaker 1: and lots of smaller cryptocurrency. I had one cryptocurrency that
Speaker 1: went up a hundred thousand percent in that time frame,
Speaker 1: which is enough to turn five hundred bucks into five
Speaker 1: hundred thousands insane, but things were going hot and heavy.
Speaker 1: The market was going up, asked, you know, these cryptosis
Speaker 1: were going sky high. Uh, it was sucking in all
Speaker 1: kinds of speculators. And and the more it goes up,
Speaker 1: the more money it starts sucking in, because humans were
Speaker 1: just motivated by two things were motivated by um, rushing
Speaker 1: to pleasure and running from pain. And so when everybody's
Speaker 1: making money and I'm not, I want that pleasure, so
Speaker 1: I'm rushing in. And so the more it goes up,
Speaker 1: the more people it sucks in, which then means the
Speaker 1: more it goes up, which means the more people sucks in.
Speaker 1: It's kind of sulflfient prophecy. And so it continues going up. Now,
Speaker 1: right at the top, at the end of this December
Speaker 1: of two thousand seventeen, when the cryptocurrency markets were going
Speaker 1: hot and heavy and everything was going on, there was
Speaker 1: a coordinated attack, a coordinating attack that shut down the
Speaker 1: cryptocurrency industry. And I'm sure a lot of you guys
Speaker 1: probably know that Bitcoin went dropped from you know, nineteen
Speaker 1: thousand down to like three thousand and Ethereum dropped and
Speaker 1: the entire cryptocurrency market crashed in a lot of you
Speaker 1: may not know that it was actually somewhat of a
Speaker 1: coordinated attack. And one of the big attack vectors was
Speaker 1: that markets stopped going up. Prices stop going up when
Speaker 1: there's no more buyers. Markets also stopped going down when
Speaker 1: there's no more sellers, but markets stopped going up when
Speaker 1: there's no more buyers. So, as I'm saying, right, as
Speaker 1: the prices are going up, it's sucking more people, and
Speaker 1: it's sucking more people, and it's sucking more people in.
Speaker 1: But how do those people hear about it to get
Speaker 1: sucked in the first place? Right, Well, it's probably not
Speaker 1: a big surprise that the majority of people are on
Speaker 1: social media these days, Facebook, Google, etcetera, YouTube, etcetera. Right,
Speaker 1: And so um, everyone's talking about it on social media
Speaker 1: like like everything else. And in in in December of
Speaker 1: two thousand seventeen, Facebook and Google banned all crypto advertising.
Speaker 1: You couldn't advertise it at all. We'll remember, markets stopped
Speaker 1: going up when there's no more buyers. And if no
Speaker 1: one can advertise, how is there going to be an awareness?
Speaker 1: And if there's no awareness, there's no new buyers coming in.
Speaker 1: And that was one piece of the other piece of
Speaker 1: it was that UM a lot of the banks banned
Speaker 1: cryptocurrency U activity, so you couldn't transfer money from your
Speaker 1: bank account to your crypto account or or use credit
Speaker 1: cards to buy it. That was another another big piece.
Speaker 1: A lot of people think it was because the futures
Speaker 1: were launched in December seventeen. I don't know if that's
Speaker 1: necessarily the case. I think it was more of this
Speaker 1: coordinated attack. They took away the new buyers and so UM.
Speaker 1: Since since basically the December of two seventeen, you haven't
Speaker 1: been able to ban or you haven't been able to
Speaker 1: advertise any type of cryptocurrency, and without that, you don't
Speaker 1: have the buyers. But something big change this week that
Speaker 1: changes all of that. It might be guessing what it is,
Speaker 1: but I'm not going to give it away. I want
Speaker 1: to tell you what that big piece of news was.
Speaker 1: But more important, they want to give you the context
Speaker 1: of what it's said and what I think happens from that,
Speaker 1: because a lot of times you read the headline UM
Speaker 1: and it's like, okay, yeah, whatever, but maybe you don't
Speaker 1: really unders and the impact of what this means. I
Speaker 1: want to tell you what that is. I want to
Speaker 1: give you the context of what that is. And then
Speaker 1: we're gonna talk about, um, the other big lever that
Speaker 1: we need to be looking at. And there was something
Speaker 1: else that really really really was big this week, UM
Speaker 1: and on the other level that we should be watching
Speaker 1: the development, So I wanna talk about that as well.
Speaker 1: By the way, you're listening to the Mark Mo Show,
Speaker 1: of course, we're talking about bitcoin. If you're just tuning in,
Speaker 1: we talking about bitcoin, We're talking about cryptocurrencies. We're talking
Speaker 1: about the decentralized revolution. We're talking about the largest asymmetric
Speaker 1: opportunity that you will ever witness in your lifetime. And
Speaker 1: if you get the right information, you can participate in it.
Speaker 1: So you know, don't go away. I'll bring it back.
Speaker 1: All right, Welcome back. You are back with me Mark Moss.
Speaker 1: You listen to the Mark Mo Show. We're talking about bitcoin,
Speaker 1: we're talking about cryptocurrencies, we are talking about the decentralized
Speaker 1: revolution that we're witnessing, and we're talking about um lots
Speaker 1: of things each and every week. We're talking about lots
Speaker 1: of things that don't miss out. Uh, if you're not
Speaker 1: driving and pull out your phone, put a calendar reminder
Speaker 1: for this channel, this station, this time, and make sure
Speaker 1: you tune in with me each and every week. It's
Speaker 1: gonna be the most important part of your week. I
Speaker 1: can pretty much guarantee that for you, at least over
Speaker 1: a long period of time, it will be. So. Before
Speaker 1: the break, we were talking about how the prices is
Speaker 1: a distraction. I said that all the time, UM, what
Speaker 1: we want to do is focus on the growth of
Speaker 1: the network, and we want to focus on the development
Speaker 1: on the network, and as long as those two things
Speaker 1: are happening in the price will continue to take care
Speaker 1: of itself. I was talking about how in we you know,
Speaker 1: was the last really really crazy parabolic we call it
Speaker 1: bull run in the cryptocurrency markets, and UM big one
Speaker 1: went from a thousand to twenty thousand, and Ethereum and
Speaker 1: all the other ones you know went up even higher
Speaker 1: and UM but then in in December it was like
Speaker 1: a coordinated attack and Facebook and Google shut down. They
Speaker 1: banned all advertising, and markets stopped going up and there's
Speaker 1: no more buyers. And so if you can't advertise, you
Speaker 1: can't you don't you don't get a lot of new
Speaker 1: buyers coming into the market. It's pretty simple. Well, this
Speaker 1: week we saw, uh, we saw that. Facebook retreats from
Speaker 1: the crypto ad band. Facebook on Wednesday announcedy's decision to
Speaker 1: reverse longstanding policy that prevented cryptocurrency companies from running ads
Speaker 1: on its services. The move comes after the company tried
Speaker 1: and failed to launch a cryptocurrency that was intended to
Speaker 1: send money easily across the world via the company's services.
Speaker 1: And the company's new policy is huge for the crypto
Speaker 1: industry and will allow more keyword, will allow more retail
Speaker 1: investors to access cryptocurrencies than ever before. M hm. So
Speaker 1: if markets stopped going up when there's new no more buyers.
Speaker 1: They banned advertising, no more buyers came in, the market crashed.
Speaker 1: Now the market's going back up and they are about
Speaker 1: to open the floodgates. Are you kidding me? Listen to
Speaker 1: what they said. The company's new policy is huge for
Speaker 1: the cryptodustry and will allow more retail investors to access
Speaker 1: cryptocurrencies than ever before. So with more buyers coming in,
Speaker 1: let me ask you a question, um, based off of
Speaker 1: this that I just read you, We're gonna dig into
Speaker 1: it a little bit more. But based off this, do
Speaker 1: you think there will be more people owning cryptocurrency in
Speaker 1: the near future or less. Yeah, I'm guessing more, right.
Speaker 1: And if more people try to buy a fixed, limited
Speaker 1: amount of goods, what do you think happens? If you
Speaker 1: guess the price goes up, then you would be guessing right.
Speaker 1: That's exactly what happens. And so, um, let me read
Speaker 1: that to you one more time. The company's new policy
Speaker 1: is huge for the crypt industry and will allow more
Speaker 1: retail investors taxes cryptocurrency, so more they think it's gonna
Speaker 1: be more. I think it's gonna be more. I think
Speaker 1: more people trying to cram into a limited amount of
Speaker 1: scarce goods is going to continue pushing the prices up.
Speaker 1: Is says that Facebook announced this decision to reverse longstanding policy. Um.
Speaker 1: And what's interesting is that it comes after the company, which,
Speaker 1: of course, by the way, Facebook is now called Meta. Um.
Speaker 1: It comes after they tried and failed to launch their
Speaker 1: own cryptocurrency. So a lot of people, you know, speculated,
Speaker 1: including myself backen like, was this part of like some
Speaker 1: coordinated government kind of attack where like, hey, let's ban advertising,
Speaker 1: let's ban banking access, all those things at the same time,
Speaker 1: or was it really a competition thing where um, they
Speaker 1: were trying to launch their own cryptocurrency and they didn't
Speaker 1: want anyone advertising other ones because they were trying to
Speaker 1: slow those down so that they could launch their own.
Speaker 1: If that makes sense, right, Like why would I allow
Speaker 1: someone else to advertise their product on my platform that's
Speaker 1: going to compete with my product? Like I wouldn't want that, right,
Speaker 1: neither would you? And so that there was also speculation,
Speaker 1: and it seems maybe that's the case because this this
Speaker 1: move comes after the company tried and failed to launch cryptocurrency,
Speaker 1: so UM they've kind of given up UM. The person
Speaker 1: that was leading the charge of that, his name was
Speaker 1: David Marcus. He announced UM this week that he was
Speaker 1: going to leave the company at the end of the year.
Speaker 1: And so he's leaving. They gave up, and what the heck,
Speaker 1: let's just open up crypto cryptocurrency advertising and then UM,
Speaker 1: let's open up the floodgates. In their own words, it's
Speaker 1: going to bring more more retail people into the space.
Speaker 1: I think that is going to be massive. I think
Speaker 1: it will be very, very very massive. UM. So anyway,
Speaker 1: that's big news. Now, remember what are the two things
Speaker 1: that we're looking at, Not the price, we're looking at
Speaker 1: the number of users, the growth of the network, and
Speaker 1: the development on the network. So this is going to
Speaker 1: increase the users, will increase the growth of the networks.
Speaker 1: That's that's a big piece of it. Um. The other
Speaker 1: big piece of it though, is not just the growth
Speaker 1: of the network, but it's the development on the network.
Speaker 1: So we want to see the development on the network,
Speaker 1: meaning um, you know, new technologies, um, new applications. But
Speaker 1: also we want to see like mind share development. So
Speaker 1: what do I mean by that. I mean like attracting
Speaker 1: the best, attracting the brightest people in the world over.
Speaker 1: So for example, I mean we've seen some of the
Speaker 1: brightest people in the world going to work in the
Speaker 1: in the in the bitcoin space. Um, rumors are that
Speaker 1: David that that David Marcus here potentially is leaving Facebook
Speaker 1: to also go work at maybe a new bitcoin or
Speaker 1: cryptocurrency company. We'll see what happens with that. But we
Speaker 1: want to continue to see these bright people quitting and
Speaker 1: leaving and coming to work on this. And so you know,
Speaker 1: I get across my social media, get thousands of comments
Speaker 1: every week, probably over five thousand comments weekend. I get
Speaker 1: lots of comments that like come on, Mark, cryptocurrencies are stupid,
Speaker 1: They're dumb, They're not backed by anything. It's a ponzi.
Speaker 1: It's gonna be made illegal. I mean, you name it.
Speaker 1: I've heard it all. I've heard it all thousands of times.
Speaker 1: And uh. One of my response is that I've been
Speaker 1: kind of given going back to lately, is like, Okay, uh,
Speaker 1: are you smarter than all these people, because like, let
Speaker 1: let me, let me let me fill you in on
Speaker 1: that before we get to that question, that we get
Speaker 1: to that answer. So we've seen some of the smartest,
Speaker 1: some of the brightest people in the world, some of
Speaker 1: the biggest investors in the world. Some people are like
Speaker 1: you have a Warren Buffett and Charlie Munger and into it.
Speaker 1: I'm like, yeah, but there are some ninety five and
Speaker 1: like so what right, Like there are two people, but
Speaker 1: some of the biggest and brightest investors in the world
Speaker 1: are into it, like Stanley Druckon Miller or Ray Dalio.
Speaker 1: Ray Dalio was actually against it, and now he's come
Speaker 1: around it. He's realized it's actually something big and important.
Speaker 1: Stanley druck and Miller, Ray Dalio, Paul Tutor Jones. I mean,
Speaker 1: these are some of these are legends in the Wall
Speaker 1: Street investing world, and they've all come onto it. We
Speaker 1: had Ray Dalio's company, Bridgewater Capital, which is the largest
Speaker 1: hedge fund in the world. The CFO left to go
Speaker 1: work for a bitcoin company. So when you have the
Speaker 1: CFO of the biggest hedge fund in the world leaving
Speaker 1: Wall Street to go work at a bitcoin company, what
Speaker 1: does that tell you? It tells me that it's growing
Speaker 1: at such a rapid rate that it's sucking in the
Speaker 1: mind share you have. As I as I've talked to
Speaker 1: many times before, the CEO of micro Strategy, Michael Saylor,
Speaker 1: one of the one of the smartest and very rich guy.
Speaker 1: UM they put all their money into bitcoin. UM. He's
Speaker 1: raised billions of dollars going to bigcoin. You have El
Speaker 1: Salad are using bitcoin. So when you see all that
Speaker 1: happening and you have your doubts, I get it right.
Speaker 1: Are you smarter than all of them? You're smarter than
Speaker 1: the smartest guys on Wall Street, You're smarter than the
Speaker 1: smartest guys in the business space. You're smarter than nations
Speaker 1: and governments. I'm not that I'm not that smart, and
Speaker 1: I'm I've been studying this for a long time. Maybe
Speaker 1: I'm just more humble. Maybe you should be more humble too.
Speaker 1: But there's even bigger news that happened this week, and
Speaker 1: this just kind of I don't want to put the
Speaker 1: nail on the coffin, but it's definitely another nail in
Speaker 1: the coffin. Um that really emphasized the point big, big,
Speaker 1: big news that not only is big news, but also
Speaker 1: it's going to be a massive catalyst. I wanna tell
Speaker 1: you about that. By the way, you're listening to the
Speaker 1: Mark mo Show. Of course, if you're just tune in
Speaker 1: and you haven't realized, we're talking about bitcoin, We're talking
Speaker 1: about cryptocurrencies. We're talking about the decentralized revolution that we're
Speaker 1: witnessing right now. It's the biggest opportunity to ever have
Speaker 1: in your lifetime. Don't go away, I'll be right back. Hello,
Speaker 1: and welcome back. You are listening to the markma Show,
Speaker 1: and we're talking about bitcoin, and we're talking about cryptocurrencies,
Speaker 1: and we are talking about the decentralized revolution. It's big.
Speaker 1: When I say decentralized revolution, I'm talking about a revolution.
Speaker 1: I'm talking of a revolution that is going to change
Speaker 1: the way the world works. That's what a technological revolution
Speaker 1: does It's not a new technology that incrementally improves our
Speaker 1: way of life. No, no, no, no, Instead, it changes
Speaker 1: the way that the world works. Now we're talking about, um,
Speaker 1: we're talking about news in bitcoin and cryptocurrencies, and we're
Speaker 1: talking about how, uh, you know, ignore the short term
Speaker 1: price and rather you at the growth of the network
Speaker 1: and you and you look at the development on the network.
Speaker 1: I talked about this on a weekly basis, and I'm
Speaker 1: trying to keep you up to date on what those
Speaker 1: developments are. Because as long as those developments are still
Speaker 1: in play, as long as we're still growing the network,
Speaker 1: and as long as we're still growing the development, then
Speaker 1: don't worry about the price. Just know that things are
Speaker 1: gonna be okay over the long run. Now, if things
Speaker 1: suddenly turn for the worse and the development dies and
Speaker 1: the network starts to die, well then that's another story,
Speaker 1: and so we'll talk about that as well. But before
Speaker 1: the break, I was talking about how there was like
Speaker 1: this coordinated attack back in seen at the very height
Speaker 1: when cryptocurrencies were running hotter than ever. You know, bigcoin
Speaker 1: had gone from a thousand to twenty dollars, and cryptocurrencies
Speaker 1: and like Ethereum had gone even up more and right
Speaker 1: thing the December, there was this coordinated attack where Facebook
Speaker 1: and Google shut down all advertising and markets stopped going
Speaker 1: up when there's no more buyers, and if you can't advertise,
Speaker 1: you don't get any more buyers. Also, the banks had
Speaker 1: a coordinated attack where you couldn't get money into the
Speaker 1: cryptocurrency exchanges, and so if people again couldn't buy, the
Speaker 1: price stopped going up. Well um big news this week
Speaker 1: was that Facebook reversed that band and they're going to
Speaker 1: now allow companies to start advertising again. And remember markets
Speaker 1: stopped going down when there's no more buyers. This is
Speaker 1: about to bring a ton of new buyers into the space.
Speaker 1: So that's good. The network is going to not just
Speaker 1: continue to grow, but probably about to skyrocket. I mean,
Speaker 1: it's probably about to just launch off. But we also
Speaker 1: want to look at the development going on. I was
Speaker 1: talking about the mind share. I was talking about the
Speaker 1: types of people that are leaving the best jobs, the
Speaker 1: best companies in the world and that are now coming
Speaker 1: to work in the bitcoin um space. And so one
Speaker 1: of the big, big, big, big big news stories this
Speaker 1: week that really shook up the entire you know kind
Speaker 1: of tech world. Is that one of the I don't
Speaker 1: want to say most loved, but I don't know, one
Speaker 1: of the big names in in in the social media world.
Speaker 1: What will say that is Jack Dorsey's the founder of Twitter,
Speaker 1: CEO CEO of Twitter, and and he decided to step down.
Speaker 1: He's decided that he is no longer going to be
Speaker 1: part of Twitter, and he wants to focus all his
Speaker 1: time on the payments company Square, which is also his company.
Speaker 1: Square is a massive, massive company, and he wants to leave.
Speaker 1: He stepped down from Twitter, and now he's gonna go
Speaker 1: work full time at Square. But more than that um,
Speaker 1: Square is going to change its corporate name to block Block, Inc.
Speaker 1: The company said in the statement Wednesday that Square Crypto,
Speaker 1: which has had another division called Square Cryptos. They had
Speaker 1: Square and then Square Crypto and Square Crypto is also
Speaker 1: changed this name to be called Spiral and Square Crypto
Speaker 1: previously known as Square Crypto, now called Spiral is a
Speaker 1: subsidiary company of previously Square now block Um a subsidy
Speaker 1: of that, and it's focused on funding bitcoin development. That's
Speaker 1: that's its entire goal. All it does is fund bitcoin development. Now,
Speaker 1: remember one of the two things to be watching out
Speaker 1: for growth of the network, which we talked about with
Speaker 1: Facebook advertising and development on the network. So one of
Speaker 1: the best tech CEOs in the space left his job
Speaker 1: to go work on this full time. Let me read
Speaker 1: that again, focused on funding bitcoin? What bitcoin development? Yes,
Speaker 1: so again that's what we want to watch. So if
Speaker 1: we are continuing to grow the network with Facebook advertising,
Speaker 1: and we're continuing to have development on the network, the
Speaker 1: price will continue to take care of itself. Now, they
Speaker 1: say the new the name alludes to spirals focus, which
Speaker 1: of course is bitcoin as it continues to grow like
Speaker 1: a spiral from a single point, encompassing more and more
Speaker 1: space until it touches everything. That's what Square tweeted out.
Speaker 1: And they want they wanted to tweet the reason why
Speaker 1: they wanted to change the name. And this is a
Speaker 1: key piece. And uh, a lot of you guys might
Speaker 1: not love me after this, but I'm gonna tell you anyway.
Speaker 1: I'm gonna read it directly from them. It says, uh,
Speaker 1: once Square decided to rebrand, I'm reading the quote here
Speaker 1: from their website. We knew it was time for our
Speaker 1: own long overdue rebrand. This is Spiral's website, after all,
Speaker 1: Square Crypto was never the best name for our team.
Speaker 1: Having Square tied to its name drew a direct line
Speaker 1: between the corporate benefactor, which was Square. They're supposed to
Speaker 1: be independent. On the other hand, having Crypto in its
Speaker 1: name led to confusion as the company is focused solely
Speaker 1: on bitcoin. Solely on bitcoin, that's an important distinction, not Crypto.
Speaker 1: They had the name Crypto, but they wanted to change
Speaker 1: it from Square Crypto to Spiral to be separate from Square,
Speaker 1: but also because the company is focused solely on bitcoin.
Speaker 1: So we have one of the you know, best tech
Speaker 1: CEOs in the space. Let's create a Twitter and app
Speaker 1: that I use all the time, which, by the way,
Speaker 1: if you're not following me on Twitter, then you should.
Speaker 1: You can find me at the number one Mark Moss.
Speaker 1: That's just the number one at one Mark Moss. Send
Speaker 1: me a message let me know you heard from me here,
Speaker 1: which I've gotten many of you guys tweeting at me,
Speaker 1: so I appreciate that. I'd love to hear that you're
Speaker 1: listening to the show. Make sure to ask me questions
Speaker 1: always trying to answer them here for you. But I
Speaker 1: used I used Twitter all the time. It's a great app.
Speaker 1: And um, it's actually it's amazing. App I'm not gonna
Speaker 1: get into that rabbit hole right now, but he's left
Speaker 1: to go work, not just in the crypto space, in
Speaker 1: the bitcoin space, I'm talking about mind share. I'm talking
Speaker 1: about the brightest people in the world that's sucking it
Speaker 1: in just like gravity. And uh, you know, Off often
Speaker 1: said that I'm bullish on what happens when millions of
Speaker 1: entrepreneurs backs are against the wall. When you have people
Speaker 1: like Jack Dorsey coming to build on bitcoin, you better
Speaker 1: watch out. It is going to take off. We're about
Speaker 1: to see things change really really fast. And of course
Speaker 1: not just not just Jack Dorsey. The whole point is
Speaker 1: to um fund bitcoin development. So what they're doing is
Speaker 1: um what the what? What? What? What he's building now
Speaker 1: is um he says. I'll read it here again. So
Speaker 1: it says in the statement block is A is a
Speaker 1: new name, but our purpose of economic empowerment remains the same.
Speaker 1: No matter how we grow or change. We will continue
Speaker 1: to build tools to help increase access to the economy.
Speaker 1: So that's the key piece there, right, We will continue
Speaker 1: to build tools to help increase access. So what are
Speaker 1: we trying to do? Right? We want to grow the network,
Speaker 1: and we do that. If they build tools that increase access,
Speaker 1: then more people can come in and more people can
Speaker 1: develop on it, and those are the two things we
Speaker 1: have to be paying attention to. Hopefully you're falling along
Speaker 1: there at this point, UM, So that's really big news.
Speaker 1: Um Square is expected to change their name legally to
Speaker 1: block Inc. On December ten, but the company's ticker symbol
Speaker 1: sq is not going to change. It's gonna stay the same.
Speaker 1: And it says that Spiral is dedicated to building and
Speaker 1: funding open source projects aimed at making bitcoin the planet's
Speaker 1: preferred currency. All right, think about that? Maybe that again,
Speaker 1: Spiral is dedicated to building and funding open source projects
Speaker 1: aimed at making bitcoins the planet preferred currency. So more people,
Speaker 1: more network growth, and more development, UM is going to
Speaker 1: be happening. It's also like I was saying before, you know,
Speaker 1: I mean, I get thousands of comments, and I'm sure
Speaker 1: I got people listening now, UM saying come on, mark cryptocurrencies.
Speaker 1: Bitcoin it's gonna be banned. It's it's it's ponzi. It's
Speaker 1: worth nothing, there's nothing back in, it uses too much
Speaker 1: energy or whatever whatever excuse you want to throw at it,
Speaker 1: and I would just ask you to just check yourself
Speaker 1: with a little bit of humility, like really, like you
Speaker 1: just have a little bit of humility, check yourself, like
Speaker 1: are you smarter than Jack Dorsey? Are you smarter than
Speaker 1: Michael Sailor? Are you smarter than the president of El Salvador?
Speaker 1: Are you smarter than Paul Tutor Jones or Stanley druccon Miller.
Speaker 1: I'm certainly not. I believe that success leaves clues. I
Speaker 1: believe that you follow the successful people and you do
Speaker 1: similar things that they're doing, and you have similar results.
Speaker 1: And when I see um CEOs like Jack Dorsey's stepping
Speaker 1: down from the CEO role of Twitter to go work
Speaker 1: full time in bitcoin and to go work full time
Speaker 1: and making a bitcoin better product and more accessible to
Speaker 1: more people, then I am extremely bullish on that. What
Speaker 1: about you? By the way, you're listening to the Markma Show,
Speaker 1: of course we're talking about bitcoin. If you're just tune in,
Speaker 1: we're talking about bitcoin, We're talking about uh cryptocurrencies, we're
Speaker 1: talking about the decentralized revolution um, which the most important
Speaker 1: things in the world to be working on right now
Speaker 1: in my opinion, and of course in Jack Dorsey's opinion
Speaker 1: as well. I want to talk about some other big
Speaker 1: stuff that's been going on with the government that you
Speaker 1: don't want to miss, So don't go away, all right,
Speaker 1: welcome back. You're listening to the Markma Show where we're
Speaker 1: talking about bitcoin, of course, each and every week, Bitcoin, cryptocurrencies,
Speaker 1: the decentralized revolution. We're talking about something massive. We're talking
Speaker 1: about something that is going to change the world, going
Speaker 1: to reshape the world now. Um. You know we're we've
Speaker 1: been talking about the price, you know, being a kind
Speaker 1: of a short term distraction, and that as long as
Speaker 1: the network's growing, as long as development continues to happen,
Speaker 1: that we know it's going to continue to grow. You know,
Speaker 1: this is something that's super powerful, super important. I mean,
Speaker 1: it's going to make the world a better place, and
Speaker 1: not just a better place, an amazing place. I believe
Speaker 1: that as as bad or the badst things look, as dangerous,
Speaker 1: as dark as things seem to be right now today,
Speaker 1: there is so much hope and prosperity in front of us. Um.
Speaker 1: And it's all because we're gonna fix the money. We're
Speaker 1: gonna fix the world. Um. And that's a topic that
Speaker 1: we can dig into one another show. Um, and uh,
Speaker 1: a lot of you listening hopefully that that resonates with you.
Speaker 1: I know there's probably people listening right now that are going, Hey, Mark,
Speaker 1: how can we not telling me what um n f
Speaker 1: T to go by? Right? What about n f T
Speaker 1: s H what's the next hot um dog coin I
Speaker 1: can buy or whatever? Right? And um, you know, I
Speaker 1: might as well tell you what sports game? What what
Speaker 1: NFL game to bet on this weekend? Right? Or what
Speaker 1: lottery numbers you should go play? I mean that's that's
Speaker 1: basically what that is. And you know, while there's obviously
Speaker 1: a lot of money to be made there and and
Speaker 1: you know a lot of people are having some fun
Speaker 1: with it and it's cool tech and and and then
Speaker 1: there's gonna be some things there. I'm not putting that
Speaker 1: down at all as a matter of fact. I mean
Speaker 1: I'm I'm actually recording from Miami right now. And in
Speaker 1: Miami there's Art Week, and part of art Week was
Speaker 1: also there's n f T things going on. And I
Speaker 1: went down and hung out with some people down there
Speaker 1: and talking to a bunch of people and they're like, oh, yeah,
Speaker 1: n f T this, n f T that, And it's cool,
Speaker 1: you know, like the time. Oh, we can do n
Speaker 1: f T real estate n f T s in real estate.
Speaker 1: I'm like, okay, explain that to me. How does that work? Well,
Speaker 1: we we take we take you know, take a property,
Speaker 1: and then we return into tokens and and they're they're
Speaker 1: h n f T s and people can buy those.
Speaker 1: I'm like, okay, So like, but like I can own
Speaker 1: an apartment building in a in an LLC or or corporation,
Speaker 1: and then I could create a bunch of shares and
Speaker 1: sell the shares to right, yeah, but this is a
Speaker 1: it's I share with n f T. I'm like, but
Speaker 1: it's the same thing, right, Yes, the same thing. So
Speaker 1: you can call it a n f T, you can
Speaker 1: call it a share, you can call a stock, you
Speaker 1: can call it token, you call it whatever you want.
Speaker 1: It doesn't change things, right, it's not. It's not changing things.
Speaker 1: And it's not that not even technical n f T
Speaker 1: s Because if I create a if I take an
Speaker 1: apartment building, and if ID into tokens and sell Hunter
Speaker 1: tokens or Hunter thousand tokens or a million tokens, all
Speaker 1: of those tokens are actually fungible. That means each token
Speaker 1: is exchangeable for one of the token. They're not even
Speaker 1: n f t s. So there's a lot of buzz
Speaker 1: words you need to be careful of. Um. And hey,
Speaker 1: I'm all for it, man, I'm all for I'm all
Speaker 1: about freedom, about freedom of choice, freedom of expression, and um,
Speaker 1: you know, if you want to go gamble or do whatever,
Speaker 1: you know, I'm all for that. Um, you want to
Speaker 1: buy art and collectible is great, you know, go buy
Speaker 1: art and collectibles. I have nothing against that. It's just
Speaker 1: not going to change the world. It's just it's just
Speaker 1: not going to change the world. That's that's the thing.
Speaker 1: And um, you know, I want to change the world.
Speaker 1: We're we're literally witnessing the technology that is going to
Speaker 1: prove the world by so many measures that we can't
Speaker 1: even barely comprehend. And so well it's cool while you
Speaker 1: know you could instead of owning, you know, a share
Speaker 1: of Tesla stock in your e trade account, now you're
Speaker 1: share of Tesla stock still in the trade, but now
Speaker 1: it's on a blockchain. I mean, doesn't change that you
Speaker 1: still in Tesla stock, does it. It's not life changing, right,
Speaker 1: I'm talking about changing the world, man, and that and
Speaker 1: that's and that's why we're not You won't hear me
Speaker 1: telling you what you know, ape to go by n
Speaker 1: F T or whatever. So we're talking about bitcoin, you know,
Speaker 1: we'll talk about the cryptocurrency markets. Um. And uh. You
Speaker 1: know bitcoin has been going up a two compounded annual
Speaker 1: growth rate per year. I think it can continue doing
Speaker 1: that for quite a while. Um. Some of the some
Speaker 1: of the brightest people in the world that can continue
Speaker 1: doing that for a decade. UM. I think it's got
Speaker 1: an easy tent X in front of it in the
Speaker 1: next five years. And shoot, if I can text my
Speaker 1: money in five years, I'll take that all day of
Speaker 1: the week. Problem is, in today's world, that's not enough
Speaker 1: for some people, but hopefully for you it is because
Speaker 1: not only can you, not only do you have a
Speaker 1: potentially text opportunity in front of you, you can also
Speaker 1: make the world a better place. But we're gonna have
Speaker 1: to fight for it. We're gonna have to fight for it.
Speaker 1: The leaders, I'm not going to call them elites. I
Speaker 1: don't like that word anymore. They're not elites. I wouldn't
Speaker 1: hire any of those people that run any of my companies.
Speaker 1: They're not elite. They're not a leader anything. Their leaders
Speaker 1: they're they're kind of they're kind of set in policy.
Speaker 1: They're not gonna wanna allow change to happen. As a
Speaker 1: matter of fact, they've been coming out against it heavily.
Speaker 1: We saw, you know, Christine Laguarde, formerly of the I
Speaker 1: m F, now she works at the ECB, the European
Speaker 1: Central Banks. She said that innovation is a threat to
Speaker 1: our financial stability. No no, no, no, no, no no.
Speaker 1: Innovation is a threat to their financial monopoly. It's not
Speaker 1: a threat to the financial stability. It's a threat to
Speaker 1: their stranglehold. We saw this week Hillary Clinton came out
Speaker 1: saying bitcoin, um undermines the financial system. We saw the
Speaker 1: I m F. I'm sorry, the the Bank of England
Speaker 1: came out and said, uh, Wren, Wren to El Savador, Hey,
Speaker 1: this this, this could destabilize the financial system, and so um.
Speaker 1: You know what I would say to that is that, um,
Speaker 1: you have this entire financial system that's protected by the
Speaker 1: largest military in the world and the largest bureaucratic system
Speaker 1: in the world, and the largest financial system in the world,
Speaker 1: and Wall Street and the dollar reserve system in the
Speaker 1: eurosystem and all of that, and they're worried about an
Speaker 1: open source piece of code undermining that all the might
Speaker 1: of the power of the mightiest army and military in
Speaker 1: the history of the world, with all the people and
Speaker 1: all that, and an open source piece of code. So
Speaker 1: I would just keep that into perspective and be prepared
Speaker 1: for UM, you know a lot of this. UM. I don't.
Speaker 1: I don't want to use the word disinformation, but it is.
Speaker 1: It's disinformation, um that that's coming out. So this week
Speaker 1: there's an article I'm just kind of looking at here
Speaker 1: and it's bitcoin mining is growing dirtier than coal. Big
Speaker 1: here comes the bitcoin fud. Watch out. It's gonna boil
Speaker 1: the oceans, it's gonna it's gonna ruin the air, it's
Speaker 1: gonna ruin the environment, and blah blah blah, blah blah.
Speaker 1: And the one thing I would just say to this
Speaker 1: is it's it's it's it's an easy answer. And so
Speaker 1: I want to just address this piece because this is
Speaker 1: one of the biggest attack vectors that I think bitcoin faces,
Speaker 1: because everything is going to becoming a climate emergency at
Speaker 1: this point, and so bitcoin the single biggest expense is
Speaker 1: by electricity. I have to mind, right, they're saying that
Speaker 1: used toomuch electricity. I have to buy electricity, and that's
Speaker 1: my biggest expense, and so to make more profit, I
Speaker 1: have to get my electricity costs down. Most of bitcoin
Speaker 1: is mining on electricity that costs about five cents or less. Now,
Speaker 1: in California in the summer, you're paying about forty cents
Speaker 1: per killer. What hour um for mining on bitcoin you
Speaker 1: need to be about five cents or less. Now in
Speaker 1: some places it's it's two and a half cents or
Speaker 1: three cents. Now, how the heck do you get three
Speaker 1: cent power when it's forty cents in California, Well, it's easy.
Speaker 1: The reason why you get three cent power is because
Speaker 1: it's power that nobody's using. It's power that's being wasted.
Speaker 1: It's power that would be completely wasted if it wasn't
Speaker 1: being used. That's why it's so cheap. It's not cheap
Speaker 1: in California because there's too much demand for it. But
Speaker 1: in some places they built a new um energy source,
Speaker 1: a new hydro electric dam or something, and there's nobody
Speaker 1: using the power, and so hey, we'll give it away
Speaker 1: for practically free if it does come, take it right,
Speaker 1: And so bitcoin is you pick up the miners, you
Speaker 1: move them anywhere you want in the world, and you
Speaker 1: go to where the power is the cheapest. And then
Speaker 1: where the power is the cheapest is where the power
Speaker 1: is wasted. So there's a huge, huge, huge amount of
Speaker 1: power energy that's being wasted every single year because of
Speaker 1: you know, projects that were built and there's just not demand,
Speaker 1: not enough demand there, you know, for whatever reason, the
Speaker 1: town never grew um or whatever, right, and so there's
Speaker 1: just all this excess demand our supply, and so bitcoin
Speaker 1: just moves there and you use that up. So is
Speaker 1: it used a lot of energy, Yes, but it's not
Speaker 1: using it's not stealing energy from people that need it,
Speaker 1: like in California. It's only using energy that's being completely
Speaker 1: wasted and was already going to be wasted even if
Speaker 1: bitcoin didn't go there and use it um. And so
Speaker 1: just keep that in mind. We can we there's there's
Speaker 1: a lot of ways that actually bitcoin will even improve
Speaker 1: the energy system and actually could drive the cost of
Speaker 1: energy down for everybody and even make renewable energy work.
Speaker 1: Renewable energy as a disaster on its own, because it's intermittent,
Speaker 1: it's unreliable, but there's ways that we could use bitcoin
Speaker 1: to even make it more reliable. And so just keep
Speaker 1: that in mind whenever you hear this fud uh if
Speaker 1: you're if you're uncertain in doubt, UM that UM it
Speaker 1: doesn't waste energy. As a matter of fact, it only
Speaker 1: uses wasted energy. It's a different way to look at it.
Speaker 1: In UH, in Texas, they're using flared off natural gas,
Speaker 1: which is typically just either burned into the atmosphere or
Speaker 1: vented in the atmosphere, which is probably not very good,
Speaker 1: and now they're capturing it and using it, so it's
Speaker 1: actually a net good and not bad. So that's a
Speaker 1: that's some good information. I just saw this article came
Speaker 1: out this week and it's a constant attack factor. I
Speaker 1: wanted to fill you in on that, and I just
Speaker 1: want to keep giving you the information each and every
Speaker 1: week so you can profit from the Bitcoin revolution. That's here.
Speaker 1: Of course, you listen to the Mark Mass Show. We're
Speaker 1: talking about the bitcoin revolution, we're talking about cryptocurrencies, we're
Speaker 1: talking about the decentralized revolution. Bringing you the most up
Speaker 1: to date information you need each and every week. It's
Speaker 1: the most profitable part of your week. Thanks for listening.