WEBVTT - China vs. Bitcoin 0:00:00.040 --> 0:00:02.120 Hello, and welcome back. You are listening to another episode 0:00:02.120 --> 0:00:04.920 of the Markmas Show, where we talk about the decentralized 0:00:04.920 --> 0:00:06.600 revolution each and every week, the way the world is 0:00:06.640 --> 0:00:10.719 swinging from centralization to decentralization. Of course, we look at 0:00:10.720 --> 0:00:13.320 it through the lens of politics, finance, and technology. That 0:00:13.400 --> 0:00:18.280 technology being the decentralized technology. We're talking about bitcoin, We're 0:00:18.280 --> 0:00:21.760 talking about cryptocurrencies, and that is changing the world right 0:00:21.760 --> 0:00:24.200 before our very eyes. You know, I try to bring 0:00:24.239 --> 0:00:27.040 to you, you know, some things, some some education so 0:00:27.120 --> 0:00:29.440 you can see things and understand things differently. And I 0:00:29.520 --> 0:00:31.480 like to bring to you some of the latest breaking 0:00:31.560 --> 0:00:33.440 news and headlines so you can stay up to date 0:00:33.920 --> 0:00:36.200 as this all plays out, so you can stay one 0:00:36.240 --> 0:00:38.400 step ahead, or as we call it, the investing world 0:00:38.440 --> 0:00:42.840 front running this information if you get it first. And man, 0:00:43.120 --> 0:00:44.920 there's no shortage of stuff happening in the world is 0:00:45.000 --> 0:00:47.959 changing rapidly right before our eyes. And one thing that 0:00:48.280 --> 0:00:52.280 really really really changed the entire world's kind of a 0:00:52.400 --> 0:00:56.880 landscape specifically, Um, well, it's both it's political, it's financial, 0:00:56.880 --> 0:01:00.560 and it's technology. Um. In China, um, they have been 0:01:00.840 --> 0:01:03.279 you know, they they manufacture a lot of a lot 0:01:03.280 --> 0:01:07.080 of the technology and China has been manufacturing the bitcoin 0:01:07.600 --> 0:01:11.959 mining computers, and so they've also they've also been running 0:01:11.959 --> 0:01:13.720 a lot of those bitcoin mining computers. They had cheap 0:01:13.800 --> 0:01:20.280 energy there in China, and last year they had over 0:01:20.360 --> 0:01:24.560 fifty percent, maybe as much as sixty percent of the 0:01:24.600 --> 0:01:29.320 bitcoin mining network in China. And China has been trying 0:01:29.319 --> 0:01:31.080 to ban bitcoin for a long time. As a matter 0:01:31.080 --> 0:01:33.479 of fact, I think they've banned it at least seven times. 0:01:33.480 --> 0:01:34.640 I don't have them all up in front of me 0:01:34.760 --> 0:01:36.800 right now. I think at least seven times. And they've 0:01:36.800 --> 0:01:39.680 banned it for people, they banned for exchanges, they banned 0:01:39.680 --> 0:01:42.520 it for for mining, et cetera. And so they banned it. 0:01:42.560 --> 0:01:44.200 It was like the final band. It's like, okay, we've 0:01:44.200 --> 0:01:45.839 banned everything now at this point, and all the miners 0:01:45.880 --> 0:01:48.160 had to pack up and move. The United States is 0:01:48.160 --> 0:01:50.680 one of the biggest beneficiaries of that. Most of us 0:01:50.760 --> 0:01:52.640 come back to the United States. It's also moved over 0:01:52.680 --> 0:01:54.880 into Europe as well. I think I don't have the 0:01:54.920 --> 0:01:56.720 data in front of me. I think the US now 0:01:56.800 --> 0:02:00.160 controls over thirty percent of the network, which is good. 0:02:00.240 --> 0:02:02.200 It's not as centralized as it was before with China 0:02:02.280 --> 0:02:07.280 having but What I thought was interesting this week is 0:02:07.320 --> 0:02:10.120 that a new report came out that had some pretty 0:02:10.160 --> 0:02:14.280 shocking data for me. And again, China has banned bitcoin 0:02:14.760 --> 0:02:17.640 at least seven times um. Last year they got rid 0:02:17.680 --> 0:02:20.120 of all the bitcoin mining. And one of the big 0:02:20.200 --> 0:02:22.880 questions I always get asked about bitcoin is, yeah, but 0:02:22.960 --> 0:02:25.520 what if the government's make it illegal or um. Maybe 0:02:25.520 --> 0:02:27.200 it's not even asked as a question, it's just said 0:02:27.200 --> 0:02:30.480 as a defeated victim mentality, which is like, what's the 0:02:30.520 --> 0:02:33.679 point the government is just going to make it illegal? Well, um, 0:02:33.720 --> 0:02:37.760 I think everybody would agree that China is the I mean, 0:02:37.840 --> 0:02:40.280 it's a communist country, right, It's in the name CCP right, 0:02:41.240 --> 0:02:44.880 Commonist Chinese Party, so it's a communist party. They control everything. 0:02:45.160 --> 0:02:48.280 They control the internet. They have the Great Firewall of China, right, 0:02:48.320 --> 0:02:50.360 so people in China aren't allowed to go onto Facebook 0:02:50.440 --> 0:02:53.160 or Google or YouTube or any of that. They get 0:02:53.200 --> 0:02:55.080 around it with VPNs and whatnot, but they're not allowed 0:02:55.120 --> 0:02:58.320 to access to any of that. So they're the most restrictive, 0:02:58.400 --> 0:03:00.560 the most control of the command of onomy. With a 0:03:00.639 --> 0:03:03.760 great firewall, They've banned bitcoin over and over and over 0:03:03.800 --> 0:03:05.600 and over. They got rid of all the bitcoin mining, 0:03:05.800 --> 0:03:08.560 and it's gone. Finally the seventh or eighth time, finally 0:03:08.560 --> 0:03:11.840 it's done. It's done. It's done right, not so quick. 0:03:12.520 --> 0:03:16.080 A new chain Analysis reports, so chain Analysis is a company. 0:03:16.080 --> 0:03:20.400 They used like ai AI software technology to um go 0:03:20.480 --> 0:03:23.880 across all the blockchain. So blockchains are typically open and 0:03:23.919 --> 0:03:27.080 somewhat transparent, so they can use this software to go 0:03:27.160 --> 0:03:28.920 and look at all this and they can tie it 0:03:28.960 --> 0:03:31.600 all back to transactions to kind of get some idea 0:03:31.639 --> 0:03:34.560 of what this data is telling them in A new 0:03:34.639 --> 0:03:39.920 Chain Analysis report shows last year's ban has not prevented 0:03:39.960 --> 0:03:43.600 the Chinese from using bitcoin, as the country's returned to 0:03:43.640 --> 0:03:48.800 the global adoption ranks in the top ten. Wow. So 0:03:49.360 --> 0:03:53.000 the most restrictive company country in the world, the Chinese 0:03:53.000 --> 0:03:56.600 Communist Party with the Great Firewall. They've banned it seven 0:03:56.640 --> 0:03:58.680 eight times, they kicked all the bitcoin miners out, but 0:03:58.760 --> 0:04:00.520 yet here they are back up on the countries with 0:04:00.560 --> 0:04:04.720 the highest level of bitcoin and cryptocurrency adoption in the world. 0:04:06.440 --> 0:04:10.200 It says Vietnam leads the world in overall adoption, while 0:04:10.320 --> 0:04:16.440 India has the highest number of centralized purchases. Blockchain analytics 0:04:16.440 --> 0:04:20.680 firm Chain Analysis has released its two global cryptocurrency Adoption Index. 0:04:20.760 --> 0:04:22.320 So if you want to go check out this data 0:04:22.360 --> 0:04:23.760 on your own, Remember I always like to bring you 0:04:23.800 --> 0:04:25.800 the data, right, I can give you opinions all day. 0:04:26.000 --> 0:04:27.480 I want to give you the receipts. So if you 0:04:27.520 --> 0:04:30.400 want to look up in these data to search Global 0:04:30.480 --> 0:04:33.800 Cryptocurrency Adoption Index. But I'm gonna give you the key 0:04:33.839 --> 0:04:38.200 points here. Basically, they detailed the global usage of bitcoin 0:04:38.200 --> 0:04:41.599 and cryptocurrencies in this formula, and they they rank them 0:04:41.600 --> 0:04:43.520 based off this formula. I'm not gonna dig deep into that, 0:04:43.560 --> 0:04:48.160 but basically, uh, one of the biggest alarming, the biggest 0:04:48.200 --> 0:04:53.279 shocking facts, the staggering information is that again China, after 0:04:53.400 --> 0:04:55.760 all the attempts they have done, they haven't been able 0:04:55.800 --> 0:04:57.520 to ban As a matter of fact, last year's ban 0:04:58.160 --> 0:05:01.240 um happened. But now it's back there, back in the 0:05:01.279 --> 0:05:05.360 top ten countries in the world for adoption. The US 0:05:05.440 --> 0:05:09.720 has risen to five where it was previously ranked eight. 0:05:09.880 --> 0:05:13.120 So we think about um, it being a US centric thing, 0:05:13.839 --> 0:05:17.000 and again what if the government makes it illegal. And 0:05:17.120 --> 0:05:20.200 of course the Biden administration put together an executive order 0:05:20.520 --> 0:05:22.240 to come out with this task force to come up 0:05:22.279 --> 0:05:25.280 with all these things about ways they can regulate cryptocurrencies, 0:05:25.640 --> 0:05:27.520 and so the US wants to do it as well, 0:05:27.920 --> 0:05:30.360 and what if they make it illegal. Well, the U 0:05:30.440 --> 0:05:33.120 s is was eighth in the world. There's a lot 0:05:33.160 --> 0:05:36.000 of countries out there. Per the U in there's like 0:05:36.040 --> 0:05:39.640 over a hundred and sixty countries. No, obviously not as 0:05:39.640 --> 0:05:42.960 big as the United States. But the point is the 0:05:43.000 --> 0:05:47.480 potentially the government could make it illegal for US citizens 0:05:47.560 --> 0:05:50.719 to own it, but they can't stop it. If China 0:05:50.760 --> 0:05:53.000 can't stop it, there's no hope that any other nation 0:05:53.080 --> 0:05:56.760 can stop it for that matter. But even again, even 0:05:56.760 --> 0:05:59.520 if the US did, uh, it's still alive and well 0:05:59.520 --> 0:06:00.840 and the rest of the world. Like I said that, 0:06:00.960 --> 0:06:02.760 the US was ranked eighth and now it's moved up 0:06:02.760 --> 0:06:04.760 to fifth. Now, a couple of things I saw on 0:06:04.800 --> 0:06:08.000 this report UM that I think are important. So one, 0:06:09.200 --> 0:06:14.880 it shows that overall adoption has has slowed worldwide in 0:06:14.960 --> 0:06:17.640 the bear markets. So what do I mean? So UM 0:06:17.720 --> 0:06:22.000 cryptocurrencies had their peak in November one. Since then they've 0:06:22.080 --> 0:06:26.279 drawn down a lot. Bitcoin is down I don't know 0:06:26.320 --> 0:06:32.120 six at least from that point. Other cryptocurrencies are down 0:06:32.200 --> 0:06:37.800 seventy eight or more. And so since November UM we're 0:06:37.839 --> 0:06:40.880 technically in a bear market technically, right, so we've fallen 0:06:40.920 --> 0:06:44.720 that far. But what it shows is that UM global 0:06:44.760 --> 0:06:48.919 adoption of cryptocurrency reached its current all time high in 0:06:49.279 --> 0:06:54.720 quarter two. Quarter two would be April May, June, April 0:06:54.760 --> 0:06:58.400 May and June. UM, that's when it reached its the 0:06:58.400 --> 0:07:01.279 adoption reach its all time high. Ins then adoption has 0:07:01.360 --> 0:07:06.640 moved in waves. It fell in quarter three when crypto 0:07:06.680 --> 0:07:10.080 prices declined, and then it rebounded in quarter four when 0:07:10.080 --> 0:07:13.840 we saw prices rebound to new all time highs. So 0:07:13.920 --> 0:07:16.840 in quarter three UM it fell, quarter four bound bounce 0:07:16.880 --> 0:07:19.560 back up, and so the prices went to new all 0:07:19.640 --> 0:07:22.440 time highs and we saw adoption reach on all time hiyes, 0:07:22.480 --> 0:07:25.560 of course, right, But it's important to note that global 0:07:25.560 --> 0:07:30.920 adoption remains well above it's pre Bowl market levels. So 0:07:30.960 --> 0:07:34.400 what it's saying is that we saw adoption reach a 0:07:34.480 --> 0:07:37.080 new all time high UM when the price at an 0:07:37.080 --> 0:07:39.320 all time high, and when the price dropped, the adoption 0:07:39.400 --> 0:07:42.400 level dropped a little bit as well, but it's maintained 0:07:42.520 --> 0:07:47.800 well above it's pre Bowl market levels. And I mean, 0:07:47.840 --> 0:07:49.840 for that matter, Bitcoin as has as well. Right, So 0:07:50.280 --> 0:07:53.360 UM in the March of bitcoin was at what thirty 0:07:53.400 --> 0:07:56.160 eight hundred dollars three thousand, eight hundred and today so 0:07:56.240 --> 0:07:59.960 it's twenty thousand. So bitcoin is also maintained its level 0:08:00.160 --> 0:08:03.720 above that as well. Many of these those attracted by 0:08:03.800 --> 0:08:06.960 rising prices twenty one stuck around and continue to invest 0:08:07.040 --> 0:08:10.680 a significant chuck chunk of their assets in digital assets. 0:08:11.400 --> 0:08:15.280 Another thing is that emerging markets dominate the index UM 0:08:15.320 --> 0:08:19.560 and so Vietnam, Philippines, Ukraine, India, Pakistan, Nigeria, Morocco, Nepal, Kenya, 0:08:19.640 --> 0:08:23.960 and Indonesia. And the reason why those adopted is because 0:08:23.960 --> 0:08:27.760 their currencies are blowing up. They're literally witnessing double digit inflation, 0:08:29.520 --> 0:08:32.520 eighty percent inflation, meaning their currencies are free falling so 0:08:32.640 --> 0:08:36.679 fast that they're losing purchasing power so fast. I mean, 0:08:36.720 --> 0:08:38.440 if you knew you were gonna lose eighty percent of 0:08:38.440 --> 0:08:41.320 your purchasing power in your local currency, why not go 0:08:41.400 --> 0:08:45.360 to cryptocurrency. It's gonna make it dropped too, but at 0:08:45.440 --> 0:08:47.480 least you had a bit better chance maybe, And so 0:08:47.520 --> 0:08:52.640 it makes sense when when countries have horrible currencies, people 0:08:52.679 --> 0:08:55.120 are going to find adoptions for them, will see in 0:08:55.120 --> 0:08:58.720 the emerging markets first. But it's also happening in the 0:08:58.800 --> 0:09:01.320 United States as well, you're listening to the markmas Show. 0:09:01.360 --> 0:09:04.120 We're talking about the Decentralized Revolution, talking about some of 0:09:04.120 --> 0:09:07.120 the latest breaking news, UM that's happened over the week 0:09:07.440 --> 0:09:09.960 that highlight how the world is changing. Of course, we 0:09:09.960 --> 0:09:13.760 talked about it through the lens of politics, finance, and technology, 0:09:14.640 --> 0:09:18.000 and even though the prices down of bitcoin, we know 0:09:18.080 --> 0:09:20.120 that the adoption levels are up. That's a great report. 0:09:20.160 --> 0:09:22.120 Hopefully enjoyed that. I got a lot more to cover 0:09:22.679 --> 0:09:25.000 some breaking news this week that you definitely want to 0:09:25.000 --> 0:09:27.000 know about, especially going into the midterm elections that are 0:09:27.000 --> 0:09:28.719 coming up, So you don't want to miss what's coming 0:09:28.760 --> 0:09:31.240 up next. Don't go away. I want to be right back. 0:09:31.840 --> 0:09:34.160 All right, welcome back. You are listening to the markma Show. 0:09:34.160 --> 0:09:37.439 We're talking about the decentralized Revolution, talking about the way 0:09:37.880 --> 0:09:41.360 the world is changing right before our very eyes. Of course, 0:09:41.880 --> 0:09:44.120 we look at it through politics, finance, and technology, and 0:09:44.160 --> 0:09:47.560 I really like to focus on the intersection of those 0:09:47.600 --> 0:09:52.400 three things and so they all work together obviously, right 0:09:52.440 --> 0:09:55.560 It's like, um, the Federal Reserve, the central banks, you know, 0:09:55.559 --> 0:09:59.200 they're being pressured by the political institutions, by the governments, 0:09:59.240 --> 0:10:02.360 and so whether it's the European Union pressuring the ECB, 0:10:02.600 --> 0:10:04.800 the European Central Bank, or it's the you know, the 0:10:04.880 --> 0:10:07.720 US government pressuring the Federal Reserve or whatever he filmed 0:10:07.720 --> 0:10:10.400 the blank. So it's very politically motivated. And of course, 0:10:10.720 --> 0:10:12.640 whatever the central banks decided to do, the markets are 0:10:12.679 --> 0:10:14.680 going to go up and down. So the political markets 0:10:14.679 --> 0:10:16.680 are going to drive the financial markets, and then with 0:10:16.840 --> 0:10:18.760 the technology that drives on top of that, so it's 0:10:18.760 --> 0:10:22.800 all connected here. And uh uh we have in the 0:10:22.880 --> 0:10:25.800 United States. Um, regardless of where you're in the world, 0:10:26.000 --> 0:10:30.000 this matters to you because the US dollars the reserve 0:10:30.040 --> 0:10:32.920 currency of the world. So whatever the whatever the US 0:10:32.960 --> 0:10:35.880 government pressures the Federal Reserve to do, and then whatever 0:10:35.920 --> 0:10:38.000 they do with the money affects you. No matter where 0:10:38.000 --> 0:10:40.760 you're in the world. Even if your nation works off 0:10:40.760 --> 0:10:44.880 a different type of currency, you're probably witnessing massive levels 0:10:44.880 --> 0:10:48.319 of inflation because of what's happening with the U S dollars. 0:10:48.320 --> 0:10:50.560 So all eyes are on the US markets, as they 0:10:50.600 --> 0:10:52.960 should be. And I've been talking about I mean, there's 0:10:52.960 --> 0:10:54.920 a lot of uncertainty in the air with what's happening 0:10:54.920 --> 0:10:57.120 with the markets. Um, you know, we we had a 0:10:57.160 --> 0:11:00.400 pretty big drop in you know, SMP five D, the NaSTA, etcetera. 0:11:00.480 --> 0:11:03.079 And now we've bounced about a fift retracement, which is 0:11:03.200 --> 0:11:08.200 textbook before the next crash comes down. And we don't know. 0:11:08.240 --> 0:11:10.480 But one thing that we do know is all eyes 0:11:10.520 --> 0:11:13.160 are on this mid term election that's coming up here 0:11:13.240 --> 0:11:17.400 in November in the United States. It might be and 0:11:17.440 --> 0:11:19.439 I know we say this a lot, and maybe because 0:11:19.440 --> 0:11:21.679 it's always true, but this might be one of the 0:11:21.720 --> 0:11:26.640 biggest elections that that will see. And the reason why 0:11:26.800 --> 0:11:31.920 is because if the if the Democrat Party, which which 0:11:31.960 --> 0:11:35.440 has control right now, if they can manage to get 0:11:35.480 --> 0:11:38.680 more control or maintain the control they have, then for 0:11:38.720 --> 0:11:40.120 the next two years, we're gonna be able to just 0:11:40.440 --> 0:11:44.120 slam through anything they want. The way the government set 0:11:44.200 --> 0:11:48.120 up is that we have um checks and balances, so 0:11:48.240 --> 0:11:52.760 one side doesn't just ramrod everything through um. If we 0:11:52.840 --> 0:11:55.400 can get the other party, the Republican Party, to get 0:11:55.440 --> 0:11:57.520 more control back, then we're going to have those checks 0:11:57.520 --> 0:12:00.920 and balances. Now, usually when it ms to voting, most 0:12:00.920 --> 0:12:04.160 people are concerned only about themselves, which is a problem. Right. 0:12:04.200 --> 0:12:07.120 The world used to be, uh the world. The United 0:12:07.160 --> 0:12:09.720 States was founded by people who cared about other people 0:12:09.760 --> 0:12:13.040 more than themselves. They came to this country, risking their 0:12:13.120 --> 0:12:17.480 lives for the betterment of future generations. And and not 0:12:17.520 --> 0:12:20.199 even that long ago, I mean even even I guess 0:12:20.240 --> 0:12:22.360 even still today we might we have immigrants coming to 0:12:22.400 --> 0:12:24.800 this country who are sacrificing everything and hoping for a 0:12:24.800 --> 0:12:27.319 better life for them and for their for the future generations. 0:12:27.320 --> 0:12:30.880 But really today, um, we see all our politicians like 0:12:30.960 --> 0:12:34.360 Nancy Pelosi. Um, you know, she's gotten famously rich. She 0:12:34.440 --> 0:12:37.000 beats every you know, every single hedge fund and and 0:12:37.000 --> 0:12:39.280 and the best investors in the world. She beats them 0:12:39.360 --> 0:12:41.520 because she has insider information. And so we see all 0:12:41.520 --> 0:12:43.720 these people that just out for themselves, like Joe Biden, 0:12:43.760 --> 0:12:46.120 you know, the big guy, big guy getting his kickbacks. Right, 0:12:46.120 --> 0:12:48.120 Everyone's looking out for themselves, and so that kind of 0:12:48.160 --> 0:12:50.040 sets the tone for the rest of the country. And 0:12:50.080 --> 0:12:51.440 so we see the rest of the country of voting 0:12:51.559 --> 0:12:57.160 for things that helped them as opposed to thinking about, um, 0:12:57.240 --> 0:12:59.200 hey this this is good for me. Yeah, it gives 0:12:59.200 --> 0:13:01.040 me a bunch more money, but what does that due 0:13:01.080 --> 0:13:03.679 to the country. What does that due to my kids? 0:13:03.800 --> 0:13:05.920 If if they print a bunch of money to offset 0:13:05.960 --> 0:13:08.120 this for me or they're gonna pay off my student loans. 0:13:08.160 --> 0:13:09.679 I love that. That's great for me. But is that 0:13:09.720 --> 0:13:11.640 going to cause more dissension in the United States or 0:13:11.640 --> 0:13:13.160 some people are going to be unhappy about that? Will 0:13:13.160 --> 0:13:15.640 be unfair? What happens if we print trillions and more dollars? 0:13:15.840 --> 0:13:17.920 Is that bad for the budget? Like instead of thinking 0:13:17.920 --> 0:13:20.240 about the implications for everybody, to think about it in 0:13:20.360 --> 0:13:23.040 terms of themselves. But one of the things that we 0:13:23.080 --> 0:13:24.920 think about, and one thing I think a lot a 0:13:24.920 --> 0:13:29.920 lot about, is that the aging demographics inside of politics. 0:13:30.440 --> 0:13:33.040 And so we can see specifically in the Democratic Party, 0:13:33.480 --> 0:13:37.680 the average age is like seventy years old something like that. 0:13:37.679 --> 0:13:39.080 I don't have the exact data in front of me, 0:13:39.480 --> 0:13:42.000 but but about that range, Whereas I think the average 0:13:42.000 --> 0:13:45.480 agent the Republican Party is uh forty six or something 0:13:45.520 --> 0:13:47.520 like that. Um. But the point is is that we 0:13:47.559 --> 0:13:49.880 have all these politicians that are getting very old, and 0:13:49.880 --> 0:13:51.880 they're making lots of laws that are going to be 0:13:51.920 --> 0:13:55.839 around forever, and they're gonna have massive implications for few generations, 0:13:55.840 --> 0:13:58.880 specifically around a time right now when we have a 0:13:59.000 --> 0:14:03.440 technological revolution happening. We have a brand new technology the 0:14:03.440 --> 0:14:06.240 world has never seen that's going to change the course 0:14:06.240 --> 0:14:09.560 of humanity. And we have very old people in power 0:14:10.760 --> 0:14:14.359 that are making rules and they don't understand the technology, 0:14:14.600 --> 0:14:16.960 nor do they understand the implications of it, nor do 0:14:17.000 --> 0:14:18.920 they even care about the greater good. They only care 0:14:18.920 --> 0:14:22.080 about themselves, and that's a big problem. So a lot 0:14:22.120 --> 0:14:25.520 of people that see this power of this new technology, 0:14:25.600 --> 0:14:30.280 like myself, we I care about getting people into power 0:14:30.280 --> 0:14:34.600 who do see the benefits of it, who do understand 0:14:34.600 --> 0:14:36.360 this could be a big benefit for the United States 0:14:36.360 --> 0:14:39.560 to have this technology, who do want to leave it 0:14:39.600 --> 0:14:42.560 open for innovation so our future generations can benefit from it. 0:14:42.640 --> 0:14:44.040 I care about that, and a lot of people either 0:14:44.120 --> 0:14:48.080 do too. And so coin base has created an app 0:14:48.320 --> 0:14:53.840 to track US politicians crypto friendliness ahead of the midterm elections. 0:14:53.960 --> 0:14:56.120 So if I'm going to vote for someone, I should 0:14:56.120 --> 0:14:58.560 do my research and I should find out does this 0:14:58.640 --> 0:15:04.000 person represent my trysts, does this person um? Does this 0:15:04.080 --> 0:15:07.080 person want to push forward policies that I think are 0:15:07.160 --> 0:15:11.240 the best or or not? And unfortunately, most people don't 0:15:11.320 --> 0:15:14.560 even think about that. They don't even ask themselves a question, 0:15:14.560 --> 0:15:18.640 and they certainly don't spend any time to investigate the answer. 0:15:19.800 --> 0:15:21.320 So a coin base is gonna help. They're gonna make 0:15:21.320 --> 0:15:24.480 it easy, They're gonna they're gonna let us users track 0:15:24.640 --> 0:15:28.520 how crypto friendly their local politicians are through its new 0:15:28.560 --> 0:15:31.640 trading app. So they launched a policy education initiative that 0:15:31.680 --> 0:15:34.320 includes a voter registration tool, so they can help you 0:15:34.320 --> 0:15:36.000 get voted, they can help you get caught up to 0:15:36.080 --> 0:15:38.240 date on what these politicians are. And they say the 0:15:38.240 --> 0:15:41.120 initiative will now be incorporated into the company's crypto trading app, 0:15:42.280 --> 0:15:44.360 and US users will be able to see quote a 0:15:44.440 --> 0:15:49.600 crypto sentiment score for members of Congress, and so now 0:15:49.680 --> 0:15:52.480 you can see at least how they stack up on 0:15:53.120 --> 0:15:56.880 technology and cryptocurrencies. You can at least see that now 0:15:57.080 --> 0:15:59.000 as far as all any of the other issues, like 0:15:59.080 --> 0:16:03.040 how they are on passing stimulus or states rights or 0:16:03.400 --> 0:16:06.200 um uh, you know, upholding the Constitution or whatever it 0:16:06.240 --> 0:16:08.640 is that's important to you. Those things are pretty important 0:16:08.640 --> 0:16:10.960 to me, but you should still go find those on 0:16:11.000 --> 0:16:13.200 your own. But at least you're able to get this, 0:16:13.880 --> 0:16:16.880 uh for the sentiment stores of scores of how they 0:16:16.920 --> 0:16:19.760 are on cryptocurrency now. Coin Base says that they've been 0:16:19.760 --> 0:16:22.360 actively lobbying the US Congress for some time and they 0:16:22.400 --> 0:16:24.280 have been They've been kind of throwing their weight around 0:16:24.480 --> 0:16:27.240 trying to help push a new policies. One of which 0:16:27.240 --> 0:16:32.000 we covered recently was the Tornado cash protocol, and they 0:16:32.000 --> 0:16:33.560 have been pushing that in court and they've been making 0:16:33.560 --> 0:16:36.520 some headway. So um coin bas is not a company 0:16:36.560 --> 0:16:39.440 that's very well liked in the bitcoin space per se, 0:16:39.440 --> 0:16:41.720 because they pushed so many they trick so many people 0:16:41.760 --> 0:16:46.120 into buying all these other cryptocurrencies UM. But UM as 0:16:46.200 --> 0:16:47.840 much hate as I can throw their way, I also 0:16:47.880 --> 0:16:49.800 have to applaud them for at least pushing the envelope 0:16:49.800 --> 0:16:53.440 a little bit. They formed a political Action Committee and 0:16:53.520 --> 0:16:56.680 it says that the leaders we elect this November will 0:16:56.720 --> 0:17:02.600 be the ones making critical decisions about the future of cryptocurrency, 0:17:02.680 --> 0:17:05.080 and so um they want to help people see that. 0:17:05.200 --> 0:17:07.400 So um plenty of hate I can throw a coin 0:17:07.440 --> 0:17:10.000 bases way, but I have to applaud them for at 0:17:10.080 --> 0:17:15.520 least helping people get this information. Look, if if you 0:17:15.560 --> 0:17:18.199 don't know who you're voting for what you're voting on, 0:17:18.440 --> 0:17:22.240 just don't vote. Yeah, it's everybody's right, Sure, it's your right, 0:17:22.440 --> 0:17:23.879 But if you don't know what you're voting on, if 0:17:23.920 --> 0:17:26.040 you haven't spent the time to educate yourself. Then don't 0:17:26.040 --> 0:17:28.960 do it. Just don't. You don't. You don't have to. 0:17:29.560 --> 0:17:32.000 It's your right, but you're not obligated to. And if 0:17:32.040 --> 0:17:34.639 you don't have the information, then it's probably better that 0:17:34.720 --> 0:17:36.760 you just sit out. And I know that sounds a 0:17:36.800 --> 0:17:38.760 little bit harsh, and I'm not telling you to sit out. 0:17:39.040 --> 0:17:41.160 If you're not going to sit out, then educate yourself. 0:17:41.520 --> 0:17:44.960 Spend the time to learn both sides of the argument. 0:17:45.000 --> 0:17:47.639 Don't just read one side of argument, look at both. 0:17:48.200 --> 0:17:50.720 And if you care about the new technology of bitcoin 0:17:52.000 --> 0:17:54.680 and cryptocurrencies, and it makes sense to vote for someone 0:17:54.720 --> 0:17:58.440 who's pro who's friendly to that as opposed to trying 0:17:58.440 --> 0:18:02.280 to shut it down. Um, like so many others are. 0:18:02.440 --> 0:18:04.320 So check that out. Um, you're listening to the Mark 0:18:04.359 --> 0:18:06.760 Moa Show talking about the decentralized Revolution, talking about the 0:18:06.800 --> 0:18:09.120 hottest news of the week. I got a whole lot 0:18:09.119 --> 0:18:10.600 more to cover when I get back. You don't want 0:18:10.600 --> 0:18:12.439 to miss this, so don't go away. I'm gonna be 0:18:12.520 --> 0:18:14.879 right back, all right, Welcome back. You are listening to 0:18:14.920 --> 0:18:17.680 the Mark ma Show. We're talking about the decentralized Revolution, 0:18:18.000 --> 0:18:20.840 talking about the way the world is swinging from centralization 0:18:20.880 --> 0:18:23.280 to decentralization, and we look at it through the lens 0:18:23.280 --> 0:18:26.600 of politics, finance, and technology, and we've been hitting all 0:18:26.600 --> 0:18:29.520 those we've talked about each one of these subjects. Is 0:18:29.560 --> 0:18:32.400 they come through as they converge right at that at 0:18:32.440 --> 0:18:34.520 that mix. If you've missed any of it, don't worry. 0:18:34.760 --> 0:18:36.520 You can check it out on the podcast. Just search 0:18:36.600 --> 0:18:39.000 Mark Moss podcast on your favorite player, or check me 0:18:39.000 --> 0:18:41.879 out on YouTube. Just search Market Disruptors on on YouTube 0:18:41.920 --> 0:18:44.120 and you can find my videos there. You can find 0:18:44.240 --> 0:18:45.840 find the podcast, but you can watch me on video. 0:18:46.320 --> 0:18:48.600 And you know, one of the things we talked about 0:18:48.640 --> 0:18:50.760 is the way the world is breaking apart. Right we 0:18:50.800 --> 0:18:54.119 have this centralized control, the centralized entities that you in 0:18:54.320 --> 0:18:57.679 the World Economic Forum, the I M f right, the dollar, homogeny, 0:18:57.840 --> 0:19:01.720 all these things, but that's all breaking apart. Russia, China 0:19:01.800 --> 0:19:03.840 and the bricks nations are challenging that, trying to move 0:19:03.920 --> 0:19:06.200 us from a singular polar world for a multipolar world. 0:19:07.440 --> 0:19:09.520 And it's all happening right before our very eyes. And 0:19:09.560 --> 0:19:12.200 if and if you don't pay attention to the actual signpost, 0:19:12.320 --> 0:19:15.359 maybe you're missing it. But it's important to understand because 0:19:15.400 --> 0:19:19.960 the world is breaking apart. But as it's breaking apart um, 0:19:20.000 --> 0:19:24.240 you know, a cornered animal, especially a wounded cornered animal, 0:19:24.880 --> 0:19:27.960 it's very dangerous. They know they're wounded, they know they're 0:19:27.960 --> 0:19:30.320 probably gonna die their corner. They've got nothing to lose, 0:19:30.320 --> 0:19:33.479 and they're very dangerous. And that's where, uh, the central entities, 0:19:33.520 --> 0:19:36.320 these these nations states are. They realize that they've lost 0:19:36.320 --> 0:19:38.680 the narrative, they realize that their time is short and 0:19:38.720 --> 0:19:41.600 they're gonna do everything they can to squeeze and hang 0:19:41.640 --> 0:19:44.320 onto that power. And that's exactly what's happening, and we're 0:19:44.359 --> 0:19:46.679 seeing it big over in Europe right now. I made 0:19:46.720 --> 0:19:49.840 a video on my YouTube channel recently talking about the 0:19:49.880 --> 0:19:52.439 European Union on the verge of breaking up. You can 0:19:52.480 --> 0:19:55.000 just search Mark Moss on YouTube and find that. Maybe 0:19:55.000 --> 0:19:57.879 search Mark Moss uh European Union breaking up, something like that, 0:19:57.920 --> 0:20:02.440 you'll probably find it. But we're witnessing again the centralization 0:20:02.480 --> 0:20:05.600 of the European continent under the European Union, and now 0:20:05.640 --> 0:20:09.160 that's threatening to be broken up and back to independent states, 0:20:09.200 --> 0:20:11.679 back to the thesis that I have. And one of 0:20:11.720 --> 0:20:15.400 the biggest catalysts for this is this energy crisis that's 0:20:15.400 --> 0:20:18.720 happening right now, and of course they're trying to fix 0:20:18.720 --> 0:20:24.000 this energy crisis, but they're also intentionally causing the energy crisis. 0:20:24.400 --> 0:20:28.159 It's pretty interesting. How can you cause the problem and 0:20:28.200 --> 0:20:30.600 continue to cause the problem, continue to double down on 0:20:30.680 --> 0:20:32.399 causing the problem, but at the same time try to 0:20:32.440 --> 0:20:36.920 fix it. The answers you can't. If you're if you're 0:20:36.920 --> 0:20:38.400 trying to figure out an answer, the answer is yet, 0:20:38.440 --> 0:20:42.720 you can't. You can't ride two horses with the same butt. 0:20:43.400 --> 0:20:46.280