WEBVTT - Milestones In Bitcoin's Environmental Impact 0:00:00.040 --> 0:00:02.800 Hello, and welcome back to another episode of the Markmas Show, 0:00:02.800 --> 0:00:05.520 where we talk about the decentralized revolution. Of course, we 0:00:05.600 --> 0:00:07.840 talk about the way the world is changing, and of 0:00:07.840 --> 0:00:10.680 course we look at it through the lens of politics, finance, 0:00:10.800 --> 0:00:13.600 and technology, three driving forces. Of course, we look at 0:00:13.640 --> 0:00:16.919 the convergence of those three things. And I like to 0:00:16.960 --> 0:00:21.560 bring you some education, some breaking news, and some interesting guests. 0:00:21.560 --> 0:00:23.400 And today I want to cover some of the latest 0:00:23.440 --> 0:00:26.479 breaking news stories that I saw this week that caught 0:00:26.520 --> 0:00:28.680 my eye that I think you should be up on, 0:00:28.760 --> 0:00:31.479 that you should be understanding what's going on. Now, we'll 0:00:31.480 --> 0:00:36.800 start with the top. I mean, out of the three things, politics, finance, technology, 0:00:36.800 --> 0:00:39.960 the thing that really drives the world, changes the world 0:00:39.960 --> 0:00:43.200 more than anything else, is technology. And of course we're 0:00:43.240 --> 0:00:48.000 witnessing the decentralized revolution and we're witnessing the decentralized technology 0:00:48.040 --> 0:00:51.000 at the same time. And of course that is Bitcoin. Now. 0:00:51.040 --> 0:00:54.360 One of the biggest drawbacks, or I shouldn't say drawbacks, 0:00:54.600 --> 0:00:59.080 One of the biggest attack vectors by bitcoin's opponents is 0:00:59.120 --> 0:01:02.600 that it uses is too much energy. It waste energy, 0:01:02.680 --> 0:01:06.200 they say, and so they suppose it's a big problem. Now, 0:01:06.240 --> 0:01:11.600 First of all, it wastes energy. What does that even mean? Well, 0:01:11.640 --> 0:01:16.000 first of all, the amount of total energy that bitcoin 0:01:16.120 --> 0:01:20.920 uses is micro in comparison to the amount of energy 0:01:21.000 --> 0:01:22.640 used in the world, and it's micro compared to the 0:01:22.640 --> 0:01:26.240 amount of energy used for other things like what like 0:01:27.200 --> 0:01:29.720 clothes dryers, for example, use way more energy than the 0:01:29.720 --> 0:01:33.800 bitcoin blockchain does. And do you really need your clothes 0:01:33.880 --> 0:01:35.760 dried in a machine? Couldn't you just hang them up 0:01:35.800 --> 0:01:39.520 on a line in your backyard. The servers that power 0:01:39.680 --> 0:01:44.040 power YouTube uses more energy than the Bitcoin mind ecosystem, 0:01:44.120 --> 0:01:48.440 So it waste energy, supposedly, is what they say. But 0:01:48.520 --> 0:01:50.680 the amount of total amount of energy it uses period 0:01:50.760 --> 0:01:52.320 is less than lots of other things that I could 0:01:52.360 --> 0:01:54.800 easily argue would be a waste. But who's to say 0:01:54.840 --> 0:01:59.040 what is a waste? One's man's trash is another man's treasure. 0:01:59.080 --> 0:02:01.960 You might find that you need to go stare out 0:02:02.240 --> 0:02:05.040 into space for three hours a day, which is a 0:02:05.080 --> 0:02:08.280 total waste of your time in my opinion, But for you, 0:02:08.639 --> 0:02:13.480 it's what keeps you mentally sane, for example, And so 0:02:13.639 --> 0:02:16.320 what is waste? The one thing that I would argue 0:02:16.440 --> 0:02:20.560 potentially could be waste would be creating something that doesn't 0:02:20.600 --> 0:02:23.399 get used. So what do I mean by that? If 0:02:23.440 --> 0:02:26.799 I made a bunch of food and nobody ate it, 0:02:27.040 --> 0:02:29.000 and then I had to throw the food away, you 0:02:29.040 --> 0:02:33.320 could argue that might be a waste potentially because I 0:02:33.880 --> 0:02:37.000 made it and nobody used it. And so if we 0:02:37.040 --> 0:02:39.239 look at energy in that way, we could also say 0:02:39.240 --> 0:02:41.200 the same we look at the total amount of energy 0:02:41.320 --> 0:02:45.519 being created and then energy being created that's actually not 0:02:45.720 --> 0:02:48.280 used at all. Now, what do you mean why would 0:02:48.360 --> 0:02:51.080 energy be created but not used. Well, there's lots of 0:02:51.120 --> 0:02:54.720 power plants along around the world that create more power 0:02:55.480 --> 0:02:58.359 than the people drawing on that use and so there's 0:02:58.440 --> 0:03:02.880 wasted energy. And that's why places that California have the 0:03:02.960 --> 0:03:05.520 highest energy prices in the world, because we don't create 0:03:05.639 --> 0:03:07.919 enough energy for the amount of people using it and 0:03:07.919 --> 0:03:10.640 we have to import energy, so prices go up supply demand, right. 0:03:11.160 --> 0:03:13.560 But then there's areas around the country and around the 0:03:13.600 --> 0:03:16.280 world where they create more energy than it's being used, 0:03:16.280 --> 0:03:18.560 and so they're trying to sell it for anything they can. 0:03:18.919 --> 0:03:22.320 While in California on paying forty cents per kilowatt hour, 0:03:22.600 --> 0:03:24.079 there's places in the world that have it for self 0:03:24.120 --> 0:03:27.520 for two or three cents because nobody's buying it. So 0:03:27.560 --> 0:03:30.880 if we look at the amount of energy being created 0:03:31.080 --> 0:03:34.920 and not used, I could say that would be a waste. 0:03:35.440 --> 0:03:39.560 Bitcoin is only using a very small percentage of that energy. 0:03:39.920 --> 0:03:42.160 It uses the energy that's being created but not used, 0:03:42.440 --> 0:03:44.840 so it only uses a very micro amount. But on 0:03:44.880 --> 0:03:46.680 top of that, we saw that there was a major 0:03:46.760 --> 0:03:50.440 milestone that was talked about this week in that bitcoin 0:03:50.480 --> 0:03:54.480 mind is fueled by sustainable energy. As a matter of fact, 0:03:54.560 --> 0:03:57.320 there was this article that came out Cambridge Center for 0:03:57.360 --> 0:04:03.360 Alternative Finance study on Bitcoin Environmental impact, and it says 0:04:03.400 --> 0:04:06.880 that the sustainable energy use is at least fifty two 0:04:07.000 --> 0:04:09.680 and a half fifty two point six percent of bitcoin's 0:04:09.720 --> 0:04:13.960 mining total energy. So it says that if you care 0:04:14.000 --> 0:04:21.479 about ESG, then you might care that Bitcoin's adoption is 0:04:21.640 --> 0:04:27.320 all being done on sustainable energy. The Bitcoin Mining Council 0:04:27.360 --> 0:04:29.960 study found it uses fifty eight point nine percent of 0:04:29.960 --> 0:04:34.040 sustainable energy, so almost sixty percent. Now, for me, I 0:04:34.080 --> 0:04:36.840 think it's sort of ridiculous. I think this is the 0:04:36.960 --> 0:04:40.160 wrong number, wrong data to hone in on. However, for 0:04:40.200 --> 0:04:43.720 those people that for somehow feel that the amount of 0:04:43.960 --> 0:04:48.080 energy being used is bad, well then you can throw 0:04:48.080 --> 0:04:54.280 out that sixty percent of it is coming from sustainable uses. Now, 0:04:54.360 --> 0:04:55.800 the other point that I'd like to point out is, 0:04:55.839 --> 0:04:59.520 like I said, bitcoin doesn't compete for energy. Bitcoin bitcoin 0:04:59.560 --> 0:05:02.960 mining can't work in California because there's too much competition 0:05:03.000 --> 0:05:05.360 for energy the price is too high. Bitcoin mining can 0:05:05.400 --> 0:05:07.840 only work in areas where there's no competition, meaning there's 0:05:07.880 --> 0:05:10.160 too much power being produced because it needs to have 0:05:10.200 --> 0:05:13.880 two three four cent power. And so the amount all 0:05:13.920 --> 0:05:17.039 of the energy that bitcoin is being is consuming is 0:05:17.160 --> 0:05:20.840 using is the energy that would go to waste if 0:05:20.839 --> 0:05:24.960 bitcoin didn't didn't use it. Now, in regards to bitcoin mining, 0:05:25.000 --> 0:05:27.279 we saw that looking at the bitcoin price. I don't 0:05:27.279 --> 0:05:29.440 typically like to look at the bitcoin price. I think 0:05:29.480 --> 0:05:31.719 the price is the least interesting part. With new technology, 0:05:31.760 --> 0:05:33.800 we will look at the growth of the network and 0:05:33.880 --> 0:05:36.560 the development on the network. I want to talk about 0:05:36.600 --> 0:05:39.600 two of those, both of those things. But the growth 0:05:39.600 --> 0:05:42.000 of the network would be both the amount of users, 0:05:42.120 --> 0:05:44.839 you know, the new wallets, the users that are using it, 0:05:45.080 --> 0:05:48.520 potentially merchants that are accepted in etc. But we'd also 0:05:48.600 --> 0:05:51.840 look at the growth of the network. And you can 0:05:51.880 --> 0:05:56.280 measure the growth of the network through the mining capacity, 0:05:56.320 --> 0:05:58.960 the hash power and so we can see that the 0:05:58.960 --> 0:06:02.600 bitcoin miners we're talking about with energy use, we can 0:06:02.640 --> 0:06:06.960 see that the bitcoin miners are actually have been actually 0:06:07.000 --> 0:06:11.680 outperforming bitcoin most recently on the price. Part of that's 0:06:11.680 --> 0:06:14.800 because the bitcoin miners got so oversold, they sold them 0:06:14.800 --> 0:06:18.039 off so much, and they're bouncing back faster. It's sort 0:06:18.040 --> 0:06:22.159 of like gold miners versus physical gold. So gold miners 0:06:22.160 --> 0:06:24.080 typically go up more than physical goal because of the 0:06:24.160 --> 0:06:27.120 leverage that they employ, and we're seeing sort of the 0:06:27.200 --> 0:06:31.440 same thing in bitcoin mining. But it's important not so 0:06:31.520 --> 0:06:33.760 much that it's outperforming bitcoin, but what I see as 0:06:33.800 --> 0:06:38.160 important is that the amount of hash rate expansion. So 0:06:38.200 --> 0:06:40.719 you measure computers by the amount of hash rate they have, 0:06:41.120 --> 0:06:43.279 and what we can see is that the hash rate 0:06:43.360 --> 0:06:46.039 has been going up. As a matter of fact, it's 0:06:46.120 --> 0:06:48.800 up by one hundred and twenty nine percent over the 0:06:48.920 --> 0:06:52.640 last year, which is pretty amazing. That's a massive growth. 0:06:52.680 --> 0:06:55.120 So the growth of the network. The miners not only 0:06:55.160 --> 0:06:58.320 support the transactions, but they support the security, and so 0:06:58.400 --> 0:07:01.000 the more miners that are on the bitcoin network, the 0:07:01.120 --> 0:07:03.919 more security it has, and we see that it is 0:07:04.040 --> 0:07:09.520 going through the roof, which is a good thing. Now, 0:07:09.600 --> 0:07:12.040 I also want to talk about the development on the network, 0:07:12.080 --> 0:07:13.760 because we also want to look at what is being 0:07:13.840 --> 0:07:16.920 developed on the network. Now. A company that I've been 0:07:16.920 --> 0:07:22.360 working with, Zion Zion app zio n just launched its 0:07:22.560 --> 0:07:26.640 version two, which uses the Bitcoin network. They launched it 0:07:26.720 --> 0:07:29.559 using what's what Jack Dorsey, the founder of Twitter, calls 0:07:29.800 --> 0:07:34.160 Web five and so basically Zion is a new social 0:07:34.200 --> 0:07:37.120 media app. You can download it now. To do it now, 0:07:37.280 --> 0:07:40.440 get your phone app, download the Zion app, and it 0:07:40.640 --> 0:07:43.760 uses the Web five standards. So you can have your 0:07:43.760 --> 0:07:49.160 own ID. It's called a d IDA Decentralized Online Identity 0:07:49.520 --> 0:07:54.040 d ID, and basically you can have your own ID 0:07:55.480 --> 0:07:58.840 that has all of your information, but you want that 0:07:58.920 --> 0:08:03.160 in a place that can be hacked or shutdown or censored. 0:08:03.480 --> 0:08:07.640 And so it uses the bitcoin blockchain, Bitcoin time chain 0:08:08.040 --> 0:08:12.640 to hash or to store that decentralized ID information. You 0:08:12.640 --> 0:08:15.920 wouldn't want to put that d ID into another blockchain 0:08:16.040 --> 0:08:18.559 like Ethereum or Cardano that could just change the rules 0:08:18.560 --> 0:08:21.280 and get censored, and so instead it goes into the 0:08:21.440 --> 0:08:27.160 Bitcoin time chain where it's censorship resistance. Now, Zion, like 0:08:27.200 --> 0:08:29.840 I said, just launched version to check it out. Ad 0:08:29.880 --> 0:08:31.920 me on there. I have a community. I'm setting up 0:08:31.920 --> 0:08:35.720 on there right now and there's over sixty thousand people 0:08:35.720 --> 0:08:40.000 waiting to come on. It's we have funding from Aaron 0:08:40.080 --> 0:08:44.440 Rodgers from the Green Bay Packers. Tony Robbins is now 0:08:44.440 --> 0:08:47.240 promoting this. You can see on his Twitter he posted 0:08:47.280 --> 0:08:49.720 this the day. But basically what this opens up is 0:08:49.920 --> 0:08:53.839 the ability for you to own your own community by 0:08:53.920 --> 0:08:56.720 owning your own ID. So if you've been afraid of 0:08:56.960 --> 0:09:01.199 you know, YouTube or Twitter or somebody censoring you, with 0:09:01.240 --> 0:09:05.320 an app like Zion built on top of the bitcoin blockchain, 0:09:05.360 --> 0:09:07.160 you don't have to worry about that anymore, and you 0:09:07.200 --> 0:09:12.240 can move messages and bitcoin and money around seamlessly. Check 0:09:12.240 --> 0:09:15.360 it out Zion, and this is a massive development on 0:09:15.400 --> 0:09:17.559 the bitcoin blockchain. Remember we're looking at growth of the 0:09:17.600 --> 0:09:20.199 network and development on the network. If you're just tune in, 0:09:20.280 --> 0:09:22.360 you're listening to the Mark Moas Show, we're talking about 0:09:22.600 --> 0:09:26.600 the latest breaking news stories this week in the decentralized Revolution. 0:09:26.640 --> 0:09:28.439 I have a whole lot more stories to govern. When 0:09:28.440 --> 0:09:30.280 we come back, I gotta take a quick break. I'll 0:09:30.320 --> 0:09:32.280 be right back with more. You don't want to miss it, 0:09:32.320 --> 0:09:36.560 so I'll be right back, all right, Welcome back. If 0:09:36.600 --> 0:09:38.640 you're just tune in, you're listening to the Mark Moas Show. 0:09:38.679 --> 0:09:42.160 Of course, we're talking about the decentralized revolution. We're running 0:09:42.160 --> 0:09:45.160 through some of the latest breaking news stories and headlines 0:09:45.320 --> 0:09:46.720 to keep you up to date so you know what 0:09:46.760 --> 0:09:48.439 the heck is going on out there in the world. 0:09:48.760 --> 0:09:50.680 You know, I want you to sound like you're really 0:09:50.720 --> 0:09:52.520 smart and paying attention when you go to those parties 0:09:52.520 --> 0:09:54.960 over the weekend. And so looking at some of these 0:09:55.040 --> 0:09:58.080 news headlines. One story that I've been talking about a lot, 0:09:59.200 --> 0:10:01.240 and not just me, it's been all over If you 0:10:01.520 --> 0:10:04.760 look at alternative news sources, you see it being talked 0:10:04.760 --> 0:10:07.920 about all the time. And that is a CBDC or 0:10:07.960 --> 0:10:12.600 a central bank digital currency. Now I've been out here 0:10:12.640 --> 0:10:16.160 pounding the table on it because they're bad. They're very, 0:10:16.280 --> 0:10:22.760 very bad. But it's not certain. It's not a foregone 0:10:22.800 --> 0:10:27.280 conclusion that we're going to have CBDCs. So let me explain. 0:10:27.679 --> 0:10:32.439 A central bank digital currency is very bad because of 0:10:32.520 --> 0:10:36.560 what it can do. Now, just real quickly, about eighty 0:10:36.600 --> 0:10:40.679 percent of all dollar transactions are already done digitally. We 0:10:40.800 --> 0:10:44.480 already have a digital dollar, in my opinion, meaning we 0:10:44.600 --> 0:10:46.560 use our debit cards, our credit cards, or Venmo or 0:10:46.559 --> 0:10:49.480 PayPal or wire transfers, all of those things. It's already digital. 0:10:49.720 --> 0:10:52.079 We don't really carry cash around or use cash anymore, 0:10:52.120 --> 0:10:53.839 at least I don't. Some people still depend on a 0:10:53.880 --> 0:10:55.920 lot of cash, and so we're already doing all our 0:10:55.960 --> 0:10:59.640 transactions digitally. A CBDC is no different than the dollar 0:10:59.720 --> 0:11:02.480 that we have now, meaning it's still a fiat currency, 0:11:02.520 --> 0:11:04.280 meaning the government can still just create as much as 0:11:04.320 --> 0:11:07.520 they want, and it's still move digitally, just like we 0:11:07.559 --> 0:11:10.760 move our dollars digitally today. The reason why it's so 0:11:10.800 --> 0:11:14.560 bad is because right now today the government can't really 0:11:15.720 --> 0:11:17.440 they can track it. They can get all the data 0:11:17.440 --> 0:11:19.719 from this, They can subpoena information from the credit card 0:11:19.760 --> 0:11:22.880 companies and Venmo and things like that. But a CBDCs 0:11:22.960 --> 0:11:26.600 central bank digital currency can be programmed, meaning they can 0:11:26.720 --> 0:11:29.120 program the set of rules into the money before you 0:11:29.160 --> 0:11:31.520 even get it. So, for example, they give you stimulus. 0:11:31.640 --> 0:11:33.560 They want to spend the money to stimulate the economy. 0:11:33.960 --> 0:11:36.920 So if you don't spend this money by Friday, you 0:11:37.000 --> 0:11:40.800 lose the money. Like China with a social credit score system, 0:11:40.840 --> 0:11:43.200 if you say mean things about the government, we take 0:11:43.240 --> 0:11:46.280 some of your money. If you're not saving enough, we 0:11:46.400 --> 0:11:48.319 give you positive interest rate. If you're saving too much, 0:11:48.360 --> 0:11:51.680 if you're hoarding, we have a negative interest rate. You 0:11:51.760 --> 0:11:55.400 can't you know, you've you've exceeded your meat allotment or 0:11:55.400 --> 0:11:58.120 your carbon allotment, and so you cut. You can't buy 0:11:58.160 --> 0:12:00.920 more meat, you can't buy more gasoline. You only get 0:12:00.960 --> 0:12:03.000 two plane trips per year, so you can't buy more 0:12:03.000 --> 0:12:06.480 plane trips, and so it's programmable in that way. Now, China, 0:12:06.679 --> 0:12:09.120 of course, being a communist country, has already rolled hers out, 0:12:10.160 --> 0:12:12.240 and other countries are trying to do the same. However, 0:12:12.480 --> 0:12:14.360 in the United States, where it seems like it's a 0:12:14.440 --> 0:12:18.280 foregone conclusion, and people in the United States already playing 0:12:18.280 --> 0:12:20.920 the victim card, like, oh, what can we do, There's 0:12:20.960 --> 0:12:23.360 nothing we can do. That's not true. As a matter 0:12:23.400 --> 0:12:26.760 of fact, there's a lot of pushback. Lots of lawmakers 0:12:26.800 --> 0:12:29.800 in the United States are pushing back against this. Been 0:12:30.040 --> 0:12:32.439 lots of legislation that has been proposed, and one of 0:12:32.480 --> 0:12:35.840 them came this week from good old Congressman Tom Emmer. 0:12:36.200 --> 0:12:39.200 He's a Republican from Minnesota, and this guy is on it. 0:12:39.280 --> 0:12:41.440 He has put a bunch of bills for it to 0:12:41.640 --> 0:12:45.040 really stop this down and basically the bill would effectively 0:12:45.080 --> 0:12:48.520 put an end to the debate over the creation of 0:12:48.559 --> 0:12:54.319 a Federal Reserve issued CBDC. Now, the Federal Reserve can 0:12:54.760 --> 0:12:58.839 control monetary policy, can control banking policy, but really it's 0:12:58.880 --> 0:13:02.520 the Treasury the government that has the ability to make money. 0:13:02.920 --> 0:13:06.280 So the Fed doesn't have the power to issue money. 0:13:06.600 --> 0:13:09.280 And Congressman Tom Emma has introduced a bill that would 0:13:09.280 --> 0:13:13.400 prohibit the Federal Reserve from actually issuing a CBDC directly 0:13:13.480 --> 0:13:19.400 to anyone. The bills titled the CBDC Anti Surveillance State 0:13:19.640 --> 0:13:24.920 Act and details that, except as specifically authorized under this Act, 0:13:25.200 --> 0:13:28.560 a Federal Reserve Bank may not offer products or services 0:13:28.600 --> 0:13:32.240 directly to an individual, or maintain an account on behalf 0:13:32.280 --> 0:13:35.680 of that individual, or issue a central bank digital currency 0:13:35.920 --> 0:13:38.959 to an individual. And it goes on further to say 0:13:39.040 --> 0:13:41.760 that the Board of Governors of the Federal Reserve System 0:13:41.920 --> 0:13:45.640 and the FMOC Committee may not use any central bank 0:13:45.679 --> 0:13:51.360 digital currency to implement monetary policy. It's pretty good now, 0:13:51.679 --> 0:13:53.920 he went on. He tweeted out saying that any digital 0:13:54.000 --> 0:13:57.719 version of the dollar must uphold our American values of privacy, 0:13:58.440 --> 0:14:05.000 individual sovereignty, and free market competitiveness. Anything less opens the 0:14:05.000 --> 0:14:09.120 door to the development of a dangerous surveillance tool. So 0:14:09.160 --> 0:14:11.640 he gets it. He gets it. So we still have 0:14:12.360 --> 0:14:15.600 lots of good people in the government fighting the fight, 0:14:15.679 --> 0:14:18.400 trying to uphold, as he said, American values of privacy, 0:14:18.640 --> 0:14:23.200 individual sovereignty, and free market competitiveness. Now, there's been lots 0:14:23.200 --> 0:14:25.000 of other representatives that are getting on board with this, 0:14:25.120 --> 0:14:29.560 of course, mostly Republicans. Barry Loudermilk, who's Republican from Georgia, 0:14:29.600 --> 0:14:32.520 released a statement saying that he was quote proud to 0:14:32.600 --> 0:14:37.040 join forces with Rep. Emmer. We also have Rep. Andy Biggs, 0:14:37.040 --> 0:14:41.040 a Republican from Arizona, on board, explaining that quote unelected 0:14:41.080 --> 0:14:45.000 bureaucrats are driving us to an authoritarian state that can't happen, 0:14:45.360 --> 0:14:50.440 and so it is not a foregone conclusion. CBDCs are 0:14:50.520 --> 0:14:52.920 not here, and there's still a lot that we can 0:14:52.960 --> 0:14:55.760 do to push back on them. One of them is 0:14:56.720 --> 0:14:58.800 I know you don't want to hear this. It may 0:14:58.800 --> 0:15:00.800 seem like a waste of your time, but you can 0:15:01.120 --> 0:15:05.680 call or write your local lawmakers and tell them what 0:15:05.720 --> 0:15:08.880 you think about this. Because they do care about getting reelected, 0:15:08.880 --> 0:15:10.840 they should care what you have to say. And there's 0:15:10.880 --> 0:15:12.520 lots of people doing a good job. Tell them they're 0:15:12.600 --> 0:15:14.720 doing a good job. Tell them that they need to 0:15:14.720 --> 0:15:16.800 get on board with this if that may be the 0:15:16.880 --> 0:15:20.840 case now. Also other lawmakers pushing this forward is in Wyoming. 0:15:21.840 --> 0:15:26.720 The Wyoming legislator passed a bill protecting bitcoin private keys 0:15:26.760 --> 0:15:30.560 from courts. So with cryptocurrency, there's two keys. There's a 0:15:30.640 --> 0:15:32.640 public key, which is like your public address, like your 0:15:32.640 --> 0:15:34.880 bank account. I can give you my bank account right now. 0:15:34.960 --> 0:15:36.800 You can go deposit money in my bank account. That's 0:15:36.800 --> 0:15:38.640 my public address. It's like a locker. I give you 0:15:38.680 --> 0:15:40.800 my locker riders you can go slip an envelope in there. 0:15:40.960 --> 0:15:42.840 But then there's a private key that allows me to 0:15:42.960 --> 0:15:46.600 open that locker and move the contents. And so Wyoming 0:15:46.680 --> 0:15:50.920 legislator passed a bill protecting the private key from courts. 0:15:51.320 --> 0:15:52.840 It says that the state of Wyoman has passed a 0:15:52.880 --> 0:15:56.640 bill that protected citizens from having to disclose their private keys. 0:15:58.800 --> 0:16:01.000 It just needs to be signed by the governor now, 0:16:01.120 --> 0:16:03.600 so it's already been approved by the state Senate and 0:16:03.840 --> 0:16:06.880 the House of Representatives, it's way to be signed by 0:16:06.920 --> 0:16:09.920 the governor. So if you're in Wyoming, you should reach 0:16:09.920 --> 0:16:12.120 out to the governor's office and leave them a bill. 0:16:12.440 --> 0:16:14.600 But the bill states that no person should be compelled 0:16:14.640 --> 0:16:17.000 to produce a private key or make a private key 0:16:17.080 --> 0:16:21.640 known to any other person in any civil, criminal, administrative, legislature, 0:16:21.720 --> 0:16:23.880 or other proceeding in the state that relates to a 0:16:23.920 --> 0:16:31.520 digital asset. Pretty amazing. So, while most of the governments 0:16:31.520 --> 0:16:33.760 of the world are continuing to try to get you 0:16:33.840 --> 0:16:37.000 to give up all of your privacy, all of your 0:16:37.000 --> 0:16:41.480 ability to have any private property control that in Europe, 0:16:41.680 --> 0:16:45.000 the ECB and the EU Commission, they're trying to pass 0:16:45.080 --> 0:16:48.040 legislation to make it where you can't have a private key, 0:16:48.080 --> 0:16:51.120 where you can't hold your private property in a way 0:16:51.160 --> 0:16:54.280 that keeps it safe. But here in Wyoming, they're trying 0:16:54.320 --> 0:16:57.560 to pass a bill that says no government, no state, 0:16:57.640 --> 0:16:59.760 no court could ever force you to give up your 0:16:59.760 --> 0:17:02.320 private key. So you can see the difference that we 0:17:02.440 --> 0:17:04.919 have here. And while I know a lot of you 0:17:04.960 --> 0:17:08.560 feel that this is a it's a losing battle, that that, 0:17:08.880 --> 0:17:11.560 like I said, we're all victims here, we're not. It's 0:17:11.640 --> 0:17:14.200 not over yet. There's still a lot of people fighting 0:17:14.320 --> 0:17:18.040 the good fight. A couple other things I saw this 0:17:18.080 --> 0:17:23.520 week where we saw that Sam Bankman freed from FTX. 0:17:23.920 --> 0:17:29.160 He got charged with making three hundred illegal political contributions 0:17:29.200 --> 0:17:33.960 to the tune of tens of millions of dollars. Turns 0:17:33.960 --> 0:17:38.359 out he got charged with conspiracy. So all your conspiracy theorists, 0:17:38.680 --> 0:17:40.840 there's actually such a thing as conspiracy. As a matter 0:17:40.840 --> 0:17:43.320 of fact, there is a law against it. And now 0:17:43.520 --> 0:17:46.160 Sam Bankman, freed from FTX, has been charged with even 0:17:46.240 --> 0:17:51.080 more counts of conspiracy for giving money illegally, twelve counts 0:17:51.080 --> 0:17:55.240 of conspiracy to making three hundred political contributions. Will be 0:17:55.240 --> 0:17:58.320 interesting to see if they pull those contributions back from 0:17:58.359 --> 0:18:01.040 the bankruptcy court. I just tune in. You're listening to 0:18:01.080 --> 0:18:04.200 the Mark Moss Show. We're talking about the decentralized Revolution. 0:18:04.240 --> 0:18:07.000 Talking through some of the latest breaking news headlines this 0:18:07.040 --> 0:18:09.440 week so you can understand how the world is changing. 0:18:09.880 --> 0:18:11.679 Now I got a lot more to talk about on 0:18:11.720 --> 0:18:15.120 a global stage, some big developments you do not want 0:18:15.119 --> 0:18:16.840 to miss. Somebody be right back with that in a minute, 0:18:16.880 --> 0:18:21.720 So don't go away. I'll be right back, all right, 0:18:21.720 --> 0:18:23.760 Welcome back. If you just tune innywhere listening to the 0:18:23.840 --> 0:18:27.040 Mark Moss Show. We talk about the decentralized revolution. Of course, 0:18:27.560 --> 0:18:29.639 talking about how the world is changing, and we look 0:18:29.680 --> 0:18:33.200 at it through the lens of politics, finance, and technology. 0:18:33.880 --> 0:18:36.399 And we're running through some of the latest breaking news 0:18:36.440 --> 0:18:38.840 headlines of the week. And one of the news headlines 0:18:38.840 --> 0:18:41.399 that we've already been talking about, so it's been going on. 0:18:41.440 --> 0:18:44.560 It's one of the biggest news stories is the trained 0:18:44.680 --> 0:18:48.800 develment that happened in Ohio. Now I've talked about it before. 0:18:48.960 --> 0:18:50.919 You know, there's a lot of information that continues to 0:18:50.920 --> 0:18:52.880 come out. We're still trying to figure out what's going 0:18:52.920 --> 0:18:57.360 on here. There's lots of wild speculation about what's going on, 0:18:58.119 --> 0:18:59.800 and then we have some sort of facts. I think 0:18:59.800 --> 0:19:01.879 it's important to understand. I think I think it was 0:19:02.160 --> 0:19:04.480 last week I framed it up on the show talking 0:19:04.520 --> 0:19:07.960 about how really I think a lot of what's going 0:19:08.000 --> 0:19:12.160 on with train derailments, food processing plans blowing up, fuel 0:19:12.240 --> 0:19:16.479 refineries blowing up, and things like that, the FAA, you know, 0:19:16.600 --> 0:19:18.960 shutting down, planes not running on time, a lot of it. 0:19:19.960 --> 0:19:22.320 You know, it's easy to go conspiratorial here and think 0:19:22.359 --> 0:19:25.359 that you know, someone's out to sabotage everything. The government's 0:19:25.359 --> 0:19:28.240 attacking us or teriffs are attacking it, which which is possible, 0:19:28.640 --> 0:19:31.000 but it's also possible that a lot of it might 0:19:31.040 --> 0:19:36.600 just come down to aging infrastructure. And as I was 0:19:36.720 --> 0:19:40.720 framing up the age of incompetence, and so we're now 0:19:40.760 --> 0:19:45.640 at a point where I reported last week people in Baltimore, 0:19:45.840 --> 0:19:48.200 I think twenty six schools nobody could pass math. In 0:19:48.680 --> 0:19:51.200 Chicago fifty five schools, not one single person could pass 0:19:51.240 --> 0:19:54.119 math or reading in a lot of these schools. Today 0:19:54.400 --> 0:19:58.560 they're at m I saw another report that there really 0:19:58.600 --> 0:20:02.600 have been no increase in education since the third grade. 0:20:03.000 --> 0:20:04.600 And so we're at this point where we have this 0:20:04.680 --> 0:20:06.800 age of incompetence, where people are able to pass high 0:20:06.800 --> 0:20:08.880 school without being able to read it write, And we're 0:20:08.920 --> 0:20:13.120 no longer advancing people based off of merit. We're now 0:20:13.200 --> 0:20:16.720 advancing people based off of identity, which obviously is a problem. 0:20:16.840 --> 0:20:20.320 Sho always be the best person for the job. And 0:20:20.320 --> 0:20:23.080 then on top of that, we're also forcing people to 0:20:23.119 --> 0:20:25.840 work in areas where maybe they shouldn't work. And so 0:20:26.359 --> 0:20:28.920 if I really really really want to get this position, 0:20:30.040 --> 0:20:34.000 like I heard from pilots for example, and so you know, 0:20:34.000 --> 0:20:35.680 people used to dream of growing up one day and 0:20:35.680 --> 0:20:38.040 to being a pilot, but now because of affirmative action 0:20:38.040 --> 0:20:41.280 and other identity politics. We're pushing people to become pilots 0:20:41.280 --> 0:20:44.160 who don't really want to be, and so that's going 0:20:44.200 --> 0:20:47.320 to lead to mistakes and job fatigue and problems. So 0:20:47.440 --> 0:20:49.119 there's a lot of that, but really I'll chalk up 0:20:49.119 --> 0:20:52.320 to the age of incompetence. But going back to this 0:20:52.920 --> 0:20:54.920 the New York Times, which again you should always be 0:20:55.040 --> 0:20:57.320 very suspect of anything The New York Times the Washington 0:20:57.359 --> 0:21:00.400 Post puts out because they're going to be very, very 0:21:00.560 --> 0:21:03.320 very leaning to one side of the aisland, and you 0:21:03.320 --> 0:21:05.919 should also be very weary, or not weary, but at 0:21:05.960 --> 0:21:08.879 least think critically about information you get from information on 0:21:08.880 --> 0:21:11.560 the other side. I remember always trying to separate the 0:21:11.600 --> 0:21:13.720 fact from opinion. But the New York Times put out 0:21:13.720 --> 0:21:16.679 this piece talking about how the Ohio train is it 0:21:16.800 --> 0:21:19.320 really a Chernobyl two point zero? You know, they're talking 0:21:19.320 --> 0:21:25.880 about how influencers across the political spectrum have basically overblown 0:21:26.680 --> 0:21:29.280 how bad this could be. Now, we do know there 0:21:29.359 --> 0:21:32.040 was a controlled burn of toxic materials. We do know 0:21:32.119 --> 0:21:35.000 that filled the air. We do see the pictures that 0:21:35.160 --> 0:21:39.439 is like this giant plume of black smoke. We do 0:21:39.560 --> 0:21:43.440 know that it's spread to Canada and New York. So 0:21:43.880 --> 0:21:48.439 those are fitter facts, right. We do know that water 0:21:48.560 --> 0:21:51.359 and soil got covered with those chemicals. We do know 0:21:51.480 --> 0:21:54.080 that lots of animals and fish have died, So we 0:21:54.080 --> 0:21:58.440 do know that that's all fact. Now how bad is it, Well, 0:21:58.520 --> 0:22:00.960 that's where we have to kind of go to some speculation. 0:22:01.280 --> 0:22:04.320 We do know the facts, we won't know a lot 0:22:04.320 --> 0:22:06.200 of the fact of how bad it is until later. 0:22:06.400 --> 0:22:08.000