Speaker 1: All right, welcome back. You are listening to the Mark
Speaker 1: Mo Show. We're talking about bitcoin, We're talking about this
Speaker 1: decentralized revolution, We're talking about all the craziness that is
Speaker 1: going on in the world today. Um, there's no shortage
Speaker 1: of news headlines to talk about, and so today I
Speaker 1: want to bring you I want to get you caught
Speaker 1: up on the latest breaking news of what's happening. I'm
Speaker 1: joined in the studio today by Justine. You can find
Speaker 1: her on Twitter at Misshotel h O d L. That's
Speaker 1: right at Misshotel Justine Harper. Um, Justine, thanks for joining
Speaker 1: me today. Thanks so much for having me. Glad to
Speaker 1: be here. Yeah, I love I love talking to you.
Speaker 1: I love your takes on all these things and so
Speaker 1: UM anyway, I'm always happy when you can take a
Speaker 1: chance to join me. Um. And uh, yeah, there's just
Speaker 1: no shortage. I'm sure you've been probably your head spending
Speaker 1: trying to keep up with all the news that's going
Speaker 1: around lately. Yes, Um, it has been an insane week
Speaker 1: for news. Um, to the point where I've had to
Speaker 1: I don't know if you have this this issue where
Speaker 1: you have to like put all devices down, you get
Speaker 1: so sucked in where you have to actually actively tell
Speaker 1: yourself to walk away from it all. Very crazy week
Speaker 1: and in news for sure. Yeah, well, unfortunately I don't
Speaker 1: have the I don't have the ability to do that
Speaker 1: because I have to report on the news all the time.
Speaker 1: But to your voine and I I definitely understand. I
Speaker 1: was saying that earlier that I'm reminded of this quote
Speaker 1: by Vladimir Lenin where he said that there's decades where
Speaker 1: nothing seems to happen, and then there's days where decades
Speaker 1: seems to happen. And over the last probably two or
Speaker 1: three weeks, I mean really the last two years, but
Speaker 1: certainly the last two or three weeks, I mean, it's
Speaker 1: just really been escalating. And in regards to bitcoin, I
Speaker 1: mean it's just been thrust right onto the world stage. Yes, um,
Speaker 1: the bitcoin section has been on fire lately. I feel
Speaker 1: like every day we're talking about something new, and we
Speaker 1: almost sort of forget about whatever it was we were
Speaker 1: talking just a few days ago. In fact, when you
Speaker 1: invited me to come on, I was like, well, heck, like,
Speaker 1: what stories are we going to talk about? There's just
Speaker 1: so much, like there's so much happening that it's hard
Speaker 1: to Uh yeah, I keep my head on straight, and
Speaker 1: I'm sure yes, for you, it's even worse because this
Speaker 1: is what you're doing day and day out. I can,
Speaker 1: I can try to force myself to walk away from
Speaker 1: it occasionally, but I can't imagine how you're trying to
Speaker 1: keep up. So yeah, crazy times. Indeed, I'm wondering. You know,
Speaker 1: you work for a bitcoin company, Unchained Capital, which is
Speaker 1: a sponsor of the show, by the way, which is
Speaker 1: not why I have you on. I have you on
Speaker 1: because I like talking to you, But you do happen
Speaker 1: to work for Unchained Capital, which is a sponsor of
Speaker 1: the show. But you know, being a bitcoin company, obviously
Speaker 1: as a company, you guys have marketing, um, but bitcoin
Speaker 1: itself isn't isn't a company. I mean, it's just a
Speaker 1: it's a piece of code, right, it's a it's a code,
Speaker 1: and there is no marketing. But it seems like all
Speaker 1: this craziness is really doing some of the marketing for us.
Speaker 1: Have you noticed any kind of uptick from that, you think, Yeah,
Speaker 1: I mean we've seen a huge increase um one on
Speaker 1: self custody, which I think is I mean, I'm extremely
Speaker 1: passionate about self custody. I believe you are as well,
Speaker 1: and so any time they're sort of examples in the
Speaker 1: news of why individuals really, really truly need to hold
Speaker 1: the keys to their wealth. UM. I find that refreshing
Speaker 1: in a way that people are lead like understanding why
Speaker 1: it's important, and we do see an uptick from that.
Speaker 1: UM also moving funds off exchanges. Many times our clients
Speaker 1: are very new, so they need may need hands on support. Uh,
Speaker 1: they've never done a bitcoin transaction? How do they move
Speaker 1: these funds? Often exchange so they don't find themselves in
Speaker 1: a situation where they're cut off from their wealth. So
Speaker 1: we've definitely had an uptick in UM what we would call,
Speaker 1: I guess support questions and support help where we then
Speaker 1: walk a client through that UM. So yes, definitely. Uh.
Speaker 1: The News has been doing some marketing for us UM,
Speaker 1: but in that realm, it's like our focus is helping
Speaker 1: people plan their wealth for sure. Can you see or
Speaker 1: or can you even say, has there been an uptick
Speaker 1: from Canada? You know, one thing that we've had is
Speaker 1: a lot of people have questions, UM, you know, hey
Speaker 1: is unchanged going to work with the government to take
Speaker 1: away my bitcoin? Well? We don't hold your bitcoin, right.
Speaker 1: That's what makes us vastly different from like a centralized
Speaker 1: exchange is we have no custody of your bitcoin. What
Speaker 1: we're doing is helping to empower you to hold your bitcoin.
Speaker 1: So definitely have been a lot of questions that have
Speaker 1: come up regarding this that we've sort of had to
Speaker 1: reflect on. UM. I believe we had an article come
Speaker 1: out today. If it hasn't come out yet, it will
Speaker 1: be soon about sort of our stance on that UM.
Speaker 1: But also yeah, I mean, we are very different than
Speaker 1: say in exchange, but we've gotten lots of questions about that,
Speaker 1: and lots of people wanted to move to self custody
Speaker 1: because of perhaps what they're seeing in Canada UM, and
Speaker 1: you know, they need some help with it. So that's
Speaker 1: where unchained comes in. I even had I made a
Speaker 1: tweet about this, but I had a wedding vendor actually
Speaker 1: reach out to me after realizing what I did for
Speaker 1: a living and essentially was like, hey, UM, I hold crypto.
Speaker 1: I I don't hold it on a key, I control
Speaker 1: UM and I really feel like with the current environment
Speaker 1: in Canada, like this is something I really need to do.
Speaker 1: Can you show me how and an exchange, I'll give
Speaker 1: you like a discount on your vendor services for your wedding.
Speaker 1: And it was just like wow, like this is really
Speaker 1: where we are at this point. Normal what we call
Speaker 1: Normy's right are actually like heck, I I really need
Speaker 1: to be off costading this stuff, even if they're just experimenting,
Speaker 1: experimenting quote unquote with with corypt. So definitely seen that
Speaker 1: in my personal life as well. Yeah. The one thing
Speaker 1: I say is that you know, um, there's like urgency, right,
Speaker 1: So like, um, I believe in chiropractic. Right, I've been
Speaker 1: going to chiropractic for you know, most of my life. Um,
Speaker 1: I believe in the benefits of it. Not everyone does.
Speaker 1: I do. Um. But even though I believe in it,
Speaker 1: and even though I like it, I don't go all
Speaker 1: the time. I typically only go when I'm in pain.
Speaker 1: And so there's like this something that has to like
Speaker 1: trigger this urgency, Like I don't have time to go
Speaker 1: to chiropractory, but if I'm in pain and everything gets
Speaker 1: dropped and I'm gonna go, right, And so we kind
Speaker 1: of have the same thing. And in the rest of
Speaker 1: our lives and so um where we've seen in the
Speaker 1: United States and Canada, in places like Western Europe that
Speaker 1: people like I don't really understand why bitcoin is important,
Speaker 1: but if you're in Venezuela or in Africa or something
Speaker 1: like that, you see it. Um. But now all of
Speaker 1: a sudden, like, what's not going on in Canada? Um,
Speaker 1: they've brought this urgency. And so when they're telling everybody
Speaker 1: they're going to freeze their bank account. Um. There's a
Speaker 1: video clip of going around of Jordan Peterson, who has
Speaker 1: become a biitcoin advocate, it seems like and um, there
Speaker 1: was a video clip of him and he said, Hey,
Speaker 1: I was getting some calls from some of my friends
Speaker 1: high up in the in the government, in the military,
Speaker 1: and they told me to get my money out of
Speaker 1: the bank. And so now that's all of a sudden,
Speaker 1: there's like this, uh, this urgency right now everybody has
Speaker 1: a big reason. Um. So it's it's been pretty good marketing, yeah,
Speaker 1: and I think that, I mean, it's as sad as
Speaker 1: it is to say, like, there are terrible things happening
Speaker 1: in this world, and I definitely would never cheer it on, right,
Speaker 1: So it's like this weird balance of I don't want
Speaker 1: there to be these things that make people scared that
Speaker 1: they need to do this thing. But I also don't
Speaker 1: want them to be in a situation where they can't
Speaker 1: access their wealth when they need to. And yeah, the
Speaker 1: stuff that happened in Canada was sort of a we
Speaker 1: know that these things have sort of been happening in
Speaker 1: countries perhaps that aren't right in front of us. Um,
Speaker 1: you know this is happening all over the world, but
Speaker 1: to see it in such a vast scale in Canada
Speaker 1: where we don't agree with what you're saying, we don't
Speaker 1: agree with your political stance. Um, I think even one
Speaker 1: and forget exactly who it was mentioned, like if you
Speaker 1: support Trump, you may likely have your accounts frozen. Like
Speaker 1: this is insane. This is an insane aspect, no matter
Speaker 1: which side of the parties you find yourself on, Like,
Speaker 1: this is a line that has it in my opinion,
Speaker 1: been crossed in a country like Canada or the US
Speaker 1: on such a wide scale. So I think for a
Speaker 1: lot of people that definitely open their eyes of like,
Speaker 1: oh man, this could really happen. If this could happen
Speaker 1: to these individuals, it could happen to anyone. So yeah,
Speaker 1: I think it has definitely become a discussion. Um. And
Speaker 1: I mean I hate to say it's good marketing, but
Speaker 1: if my goal is to help as many people as
Speaker 1: possible hold their own keys so they can't be cut
Speaker 1: off from their wealth, then yes, this is helping to
Speaker 1: get people to wake up to the need to do
Speaker 1: so as well. I think your analogy is great. When
Speaker 1: it hurts, we we make a move, right um, and
Speaker 1: right now it's hurting. Yeah, when the when the urgency
Speaker 1: is high enough, right and so, um. You know when
Speaker 1: when you're in Venezuela and they inflate your currency by
Speaker 1: pent in a year, that's a pretty higher to see
Speaker 1: to get out of that currency into something else. Now,
Speaker 1: in the United States, the FED inflated our currency by
Speaker 1: about thirty Um. I don't like that. That's pretty high
Speaker 1: for me. Radalio says cash is trated pretty high for him.
Speaker 1: Not everybody's really feeling the pain. If you're in Lebanon
Speaker 1: and it's then you're pretty motivated, and so at some
Speaker 1: point everybody will be motivated. And of course, like I said, um,
Speaker 1: when the government tells you that you don't have the
Speaker 1: right to store your money in a way that we
Speaker 1: can't steal from you kind of makes me want to
Speaker 1: get my money banks. Kind of like in the United States,
Speaker 1: anytime they start talking about gun control, the sales of
Speaker 1: guns go through the roof, and it's kind of like
Speaker 1: this marketing UM. And so I think that's kind of
Speaker 1: what we're seeing. UM. A lot of stories I want
Speaker 1: to dig into US. I want to start transitioning, dig
Speaker 1: dig into a couple of these stories. One of them,
Speaker 1: specifically I want to talk to you about because it's
Speaker 1: specifically about self custodial wallets UM, which is which is
Speaker 1: a pretty big topic listening to the Mark mass Show.
Speaker 1: I'll be right back with more. All right, welcome back.
Speaker 1: You are listening to the markma Show and we're talking
Speaker 1: about bitcoin. We're talking about the decentralized revolution. We are
Speaker 1: talking about the craziness that is going around in the world,
Speaker 1: and not only how to make sense of it, well,
Speaker 1: I guess how to make sense of it so that
Speaker 1: we can navigate it properly to build, grow, protect our wealth, UM,
Speaker 1: and maintain our freedom. Right. All freedom starts with the
Speaker 1: ability to transact UM. Now before the break, well, I'm
Speaker 1: talking with Justine Harper. That's a mishotal that's M. S.
Speaker 1: H O D l Um and she's with me in
Speaker 1: the studio today. We were talking about, Um, you know
Speaker 1: the importance of being able to control our own money.
Speaker 1: Like I said, all freedom starts with the ability to transact.
Speaker 1: And um, the money in the bank legally isn't my money.
Speaker 1: And that's why sometimes many times for me, unfortunately the
Speaker 1: bank has blocked a wire transfer. Nope. For example, my
Speaker 1: banks in Puerto Rico, they've given me too many warnings
Speaker 1: and they said that I can't because I keep trying
Speaker 1: to send it to different places. I can't send it
Speaker 1: to any crypto businesses anymore. Um. I sent a wire
Speaker 1: just even here at my local bank in the US,
Speaker 1: at Wells Fargo to my sister and they said, do
Speaker 1: you know who this is? I said, yeah, it's my sister. No,
Speaker 1: but do you really know. I'm like, she's my blood. Yeah,
Speaker 1: but are you sure right? Um? And so they want
Speaker 1: to control that. So because they have my money, I
Speaker 1: don't control it. So we're talking about self custody. With bitcoin.
Speaker 1: It solves the oldest problem in the world, the oldest
Speaker 1: problem that mankind has had is how do I secure
Speaker 1: my property? So it's not stolen and uh, bitcoin fixes
Speaker 1: that and so we can custody ourselves very easily. Now
Speaker 1: what's interesting, Justine is I was seeing, you know, like
Speaker 1: I said, trying to keep up with all this news.
Speaker 1: There's an article that came out where it says regulators
Speaker 1: in Canada Warren crypto exchanges not to promote self custody wallets. Wow,
Speaker 1: So the Ontario Securities Commission sent tweets from coin Based
Speaker 1: CEO Brian I'm Strong and Cracking CEO Jesse Powell to
Speaker 1: the Canadian police because, supposedly, it says here in the article,
Speaker 1: tweets from the CEOs of coin Based and Cracking advocated
Speaker 1: self custody of digital assets and they're being looked at
Speaker 1: by the Royal Canadian Mounted Police for violating sanctions put
Speaker 1: in place to curb the trucker protests in the country. So, um,
Speaker 1: let's see. So they're helping people violate sanctions, or it
Speaker 1: says here offering advice on how to evade sanctions on
Speaker 1: funds because they're saying, if you don't want to have
Speaker 1: your bank accounts frozen, you should get your money out
Speaker 1: of the bank, and apparently telling people to get their
Speaker 1: money on the bank is evading sanctions on funds and
Speaker 1: what do you think about that? Well, it may not
Speaker 1: be a surprise to you or anyone else that I
Speaker 1: think this is um insanity, right, UM, And I think
Speaker 1: it shows very clearly that they understand that an individual
Speaker 1: who cannot be censored financially is a is something they
Speaker 1: should be concerned concerned about. They control us throughout money, right,
Speaker 1: this is how they can do everything. This is how
Speaker 1: they can invade, invade countries right through our assets, through
Speaker 1: our wealth. UM. And having the ability to opt out
Speaker 1: of that and not allow them to control as by
Speaker 1: their wealth, by our wealth, should scare them. Right. The
Speaker 1: idea that the Canadian government feels like they can tell
Speaker 1: a US company that they can't tell people this self
Speaker 1: custody is insane to me. I I actually laughed when
Speaker 1: I read that headline, and I was really proud of
Speaker 1: the of UM. You know, I don't say I'm proud
Speaker 1: of coin based often, UM, but I was proud of
Speaker 1: Brian and Jesse kind of surprises me often, but I
Speaker 1: was proud of them for essentially being like, no, you
Speaker 1: should move your funds, like this is definitely something you
Speaker 1: should do. The CEO of an exchange saying to move
Speaker 1: your funds off their exchange, I think is pretty phenomenal
Speaker 1: in my opinion, and does very much highlight really what
Speaker 1: we're up against when it comes to government entities having
Speaker 1: full control or banks, let's just say banks having full
Speaker 1: control of your assets. It's it's really not yours. As
Speaker 1: you mentioned, they get to decide how you use it,
Speaker 1: and if use it a way they don't agree with,
Speaker 1: they can cut you off from it very quickly with
Speaker 1: a with a stroke of a pen. Right. Um, but
Speaker 1: this isn't the first time they've done this, Right, this
Speaker 1: isn't the first time they said you can't hold your assets.
Speaker 1: We've saw that happen with gold. They tried to say, no,
Speaker 1: you can't. You can't custody your gold. You can't own that.
Speaker 1: You you have to have that in a bank. So
Speaker 1: it is interesting to be seeing this again. Um, but
Speaker 1: I think it just highlights the importance of it, right, Like,
Speaker 1: we really need to get people to where they can
Speaker 1: self custody because there may be a time where these
Speaker 1: centralized exchanges are told no, nobody can move it off
Speaker 1: to a wallet they control. Um, So we got to
Speaker 1: get ahead of that for sure. Yeah, I mean to
Speaker 1: to what Justine's saying there, If you guys aren't caught
Speaker 1: up on your monetary history, then uh, for thousands of years,
Speaker 1: for basically all of all alternity humanity, gold has been
Speaker 1: money for about five thousand years. Gold is money. I
Speaker 1: mean we had rocks and seashells and feathers and things
Speaker 1: like that, um, but gold was money. And of course
Speaker 1: gold is big and heavy, so it doesn't real it's
Speaker 1: not easy to transact with. And so what happened is
Speaker 1: we put it in the banks, and then the banks
Speaker 1: gave us these paper gold receipts that were redeemable for
Speaker 1: that gold. And in Nree Act six two, UM, the government,
Speaker 1: the United States government went on what they called a
Speaker 1: bank holiday. I mean they went on holiday and you
Speaker 1: couldn't get your money out. And when they open back up,
Speaker 1: they seized all your gold. You were not allowed to
Speaker 1: get that gold out. And what's even worse than that
Speaker 1: is those those fake paper goldstificates, those redeemable certificates. They
Speaker 1: were no longer redeemable, but before they were worth of
Speaker 1: those redeemable certificates, twenty dollars were worth an ounce of gold.
Speaker 1: After they seized all your gold. It was thirty five
Speaker 1: of those paper goalsertificates for an ounce of gold, which
Speaker 1: means not only they seize it, not only they steal
Speaker 1: your gold, um and made you use these fake paper certificates. Um,
Speaker 1: they also devalue them at the same time. And so
Speaker 1: when you think this can't happen the United States, it
Speaker 1: already did. And the problem is is that once you
Speaker 1: give that money to somebody, whether it's the cash in
Speaker 1: your Canadian bank today or the gold that you put
Speaker 1: in the bank before, um, they seize your money. And
Speaker 1: so um, yeah, it's pretty it's pretty evident that we
Speaker 1: need to be able to do that. And I guess
Speaker 1: good on. Like you said, not a lot of things
Speaker 1: to praise a coin baseed for, but this is one
Speaker 1: of them. For sure. It actually pained me to say that,
Speaker 1: but hey, you gotta call it like we see it, right, Yeah, yeah,
Speaker 1: for sure. Have have you guys got any notices about
Speaker 1: a promoting self custody? We haven't. Actually, no, we have
Speaker 1: not had any notices of that. I think there will
Speaker 1: be sort of an educational lesson. I think it was
Speaker 1: was it numb nunchuck? I'm trying to think of the
Speaker 1: where sort of like we don't hold funds, like we can't.
Speaker 1: So it's sort of similar with us, like we don't
Speaker 1: hold funds. UM. So you can tell us we can't
Speaker 1: do so, but we don't. We're not holding funds. UM.
Speaker 1: I will say, I'm very proud to be a part
Speaker 1: of a company who believes in individual freedom and is
Speaker 1: willing to fight for them. UM. So I do think
Speaker 1: that if we came to that, UM, I would be
Speaker 1: proud of what our our company UM says or does.
Speaker 1: I guess it's a good way to put it. Yeah,
Speaker 1: what she was saying about Nunchuck, I don't know. I
Speaker 1: didn't do any research. I mean, do you know if
Speaker 1: that's legit or was that just kind of a meme
Speaker 1: going around. I'm not sure it wasn't. Actually it was
Speaker 1: like yeah, just go ahead. Yeah. It was like it
Speaker 1: looked like it was a response that like maybe the
Speaker 1: Canadian government had contacted Nunchuck and said, um, hey, you know,
Speaker 1: we need to access your customers funds or whatever, and
Speaker 1: it was like their response and it said, um, hey,
Speaker 1: you don't understand how bitcoin works, like, uh, not only
Speaker 1: won't we help you, we can't help you. Um And
Speaker 1: they said, but they said, but we could help you. Um,
Speaker 1: whenever I think you know your currency failed and you
Speaker 1: may want to move into bitcoin, I think we can
Speaker 1: help you. And it was like there's real snarky, kind
Speaker 1: of tongue in cheek response. But but but it was
Speaker 1: two things. One, it highlighted that the governments don't know
Speaker 1: anything about what they're talking about, because if they did,
Speaker 1: they would they would never have asked that in the
Speaker 1: first place. But then it also just highlighted the fact
Speaker 1: that these companies, if if done right, like what end
Speaker 1: chain does, it's not that they won't decide to censor you.
Speaker 1: I said they can't. And that's a big difference because
Speaker 1: um Jess Powell Jesse Powell from from Crack and I
Speaker 1: saw publicly on Twitter. UM he was asked like, hey,
Speaker 1: will crack and protect me from the government. He said, no,
Speaker 1: we can't. Don't expect us to. As a matter of fact,
Speaker 1: I'm telling you that we won't. The only way you
Speaker 1: can protect yourself is to get it off the exchange.
Speaker 1: And so that's kind of what Nunchuck was saying, is like, hey,
Speaker 1: we can't help you. We don't have access to that UM.
Speaker 1: And so anyway that was That was a great response.
Speaker 1: By the way, you're listening to the Mark Moa Show.
Speaker 1: We're talking about bitcoin, the decentralized Revolution. We're talking about
Speaker 1: the craziness going on in the world today. I'm in
Speaker 1: the studio with Justine Harper. You can find her on
Speaker 1: Twitter at miss Hotel. That's M. S h O d L.
Speaker 1: Talking about the latest breaking news headlines of the week
Speaker 1: and discussing them. Hopefully it's joable for you. I got
Speaker 1: a lot more news to get through. Don't go away,
Speaker 1: I'll be right back. Hey everyone, welcome back. You're listening
Speaker 1: to the Mark Moa Show. We're talking about bitcoin, We're
Speaker 1: talking about the decentralized revolution. We are talking about this
Speaker 1: rapidly changing world that we are living in them and
Speaker 1: it's literally changing right before our very eyes. Before the
Speaker 1: break up, I'm in the studio with Justine Harper. You
Speaker 1: can find her on Twitter at miss Hotel. That's M.
Speaker 1: S h O d L. We've been discussing some of
Speaker 1: these crazy news headlines. Were previously just talking about what's
Speaker 1: going on in Canada and how crazy that is up there,
Speaker 1: how they're literally telling people they're freezing, They're gonna freeze
Speaker 1: their accounts, seize their money, prevent them from transacting. And
Speaker 1: then you know, bitcoin is a center stage and everybody's
Speaker 1: looking at it. And then and then Canada comes goes
Speaker 1: after some of these uh uh exchanges like coin based
Speaker 1: and cracking and tells the CEO is like, hey, you
Speaker 1: can't be promoting for people to hold their money outside
Speaker 1: the bank. How dare you tell people they could actually
Speaker 1: get money out of the bank. I mean, that's just
Speaker 1: absolutely ridiculous. Um. But anyway, we discussed that and uh.
Speaker 1: But at the same time, what's interesting is, at the
Speaker 1: same time that's happening, it seems like there's uh, you know,
Speaker 1: this attack happening. And I think probably the attack vector,
Speaker 1: one of the EASi attack vectors, is going to be
Speaker 1: on that custody piece. Um. So one of the ways
Speaker 1: they want to attack bitcoin and cryptocurrency is tell you
Speaker 1: that you don't have the right to custody it. Um. Justine,
Speaker 1: I don't know if you saw, but there was a
Speaker 1: headline a news article that came out there's a representative
Speaker 1: Davidson from Ohio that's submitted a bill for um basically
Speaker 1: making it legal to self custody. I don't know did
Speaker 1: you see that at all. I did see it and
Speaker 1: saw his comments on it. I haven't gone in and
Speaker 1: specifically read the bill, um, but from my understanding, it
Speaker 1: was protecting the individual's right to self custody and asset
Speaker 1: like bitcoin. So from a high level overview, it sounds
Speaker 1: great and very much in my opinion, shows that even
Speaker 1: though I don't think most politicians or government understand bitcoin,
Speaker 1: we have a few good soldiers out there, you know,
Speaker 1: trying to at least, um, sort of protect our individual
Speaker 1: freedom to hold an asset like bitcoin. Yeah, I mean
Speaker 1: we're getting more and more by any but you know
Speaker 1: by the day. Um. So this is Ohio's it's called
Speaker 1: Keep your Coins Act. Important important in protecting self custody
Speaker 1: rights for Americans. So it's called Keep your Coins Act, um,
Speaker 1: which is pretty cool and uh to your point justin Yeah,
Speaker 1: I mean, we're getting more and more people that are
Speaker 1: jumping into this. Cynthia Loomis, who is doing a lot,
Speaker 1: She's in Wyoming, she's can speaking at the Bitcoin conference
Speaker 1: coming up here, the Bitcoin Converce two. But this Keep
Speaker 1: your Coin Act, unlike Canada, which is showing is U
Speaker 1: is a violation to these rights. And according to Ohio's
Speaker 1: Congressman Warren Davidson. He's addressing the recent developments in Canada
Speaker 1: where authorities are freezing crypto assets and uh. Davidson says
Speaker 1: that the proposed act can help prevent such occurrences in
Speaker 1: the United States, where authorities and regulatory agencies would freely
Speaker 1: decide to violate citizens rights to transact their personal assets.
Speaker 1: Um just for dissenting. He introduced the bill last week.
Speaker 1: If enacted, the act would prevent any federal agency from
Speaker 1: restricting citizens from spending their crypto and purchasing goods or
Speaker 1: services or on other personal use like spending it directly
Speaker 1: to other people. And it also seeks to protect transaction
Speaker 1: privacy for all peer to peer transactions. Hmm, imagine that, Um,
Speaker 1: in the Land of the Free, we actually have to
Speaker 1: pass a law that allows hoose people to have the
Speaker 1: right to transact purchased good services or send to other people. Yeah,
Speaker 1: do we need to pass a lot like that in
Speaker 1: the Land of the Free? I mean, what the heck
Speaker 1: is going on here? Justine? You know, I find it.
Speaker 1: It's it's kind of um disheartening in a way that
Speaker 1: when we say Land of the Free, my cynical self
Speaker 1: inside goes, Really, I can't even buy raw milk, right, Like,
Speaker 1: are we really the Land of the free at this? Yes?
Speaker 1: Exactly exactly, So it is. I agree with you. It's like,
Speaker 1: we shouldn't have to have this bill. But if I
Speaker 1: think about sort of a if I zoom out, you know,
Speaker 1: bitcoin can't be stopped. Nobody can stop you and I
Speaker 1: from transacting with bitcoin, but these on ramps can be
Speaker 1: stopped stopped. Right, So in a worst case scenario, if
Speaker 1: the US government decided to tell every exchange tomorrow, nobody
Speaker 1: can move funds off. That's bad for a lot of people, right. Um,
Speaker 1: So I do applaud this bill that it even starts
Speaker 1: a discussion. Maybe it leads to education. Um, maybe it
Speaker 1: leads to protecting. In my opinion, are God given right
Speaker 1: right um? And the fact that we have to have
Speaker 1: a bill to protect that right is insane to me.
Speaker 1: But I applaud it because hey, the world's a crazy
Speaker 1: place and maybe yeah we need that now. Um, but
Speaker 1: yes it is. It is kind of Uh, it is
Speaker 1: a comical thing to think about. In the Land of
Speaker 1: the Free, we need to build to say hey, oh yeah, okay,
Speaker 1: you can you can own your money, like you can
Speaker 1: hold it. That's totally fine. Yeah, And I don't know
Speaker 1: what kind of support it has, but I'm sure it'll
Speaker 1: get some pushed back, so that will be an interesting
Speaker 1: thing to watch as well. Yeah, for sure. I mean,
Speaker 1: it's just it's it's just crazy. I do say a
Speaker 1: tongue in cheek the Land of three, but I mean
Speaker 1: it's not supposed to be tongue in cheek. I mean,
Speaker 1: that's really what it is, or it was. They haven't
Speaker 1: changed the national anthem yet, but you know, I supposed
Speaker 1: to be the land of free, So it's crazy we
Speaker 1: have to pass a law that allows us to be free. Um.
Speaker 1: But to your point, Justine, I agree with you. I
Speaker 1: mean I do applaud Davidson in Ohio from putting that together,
Speaker 1: So I like that. Um. And it's interesting to see this. Uh,
Speaker 1: it's almost what I'm calling this balconization, and so balconization
Speaker 1: is and you know, the U, S, S, RFL and
Speaker 1: all these nations kind of broke apart, and it's kind
Speaker 1: of what we're seeing in the United States where we had,
Speaker 1: like the Biden administration put in these federal mandates and
Speaker 1: then states sued and said no that adn't happening right, um,
Speaker 1: and we're now. We saw the Biden administration said they're
Speaker 1: going to come out with executive orders to regulate cryptocurrencies.
Speaker 1: They haven't told us what those are yet. It's like
Speaker 1: an announcement of an announcement. We also saw the Treasury
Speaker 1: um um yelling said that they have now unlimited budget
Speaker 1: and power to regulate cryptocurrency, whatever that means, um, And
Speaker 1: so they're gonna regulate it. They're gonna do something like
Speaker 1: I said, probably this attack vector is gonna be this custody.
Speaker 1: But at the same time as they're saying that, we're
Speaker 1: seeing states moving to legalize it. So Colorado is to
Speaker 1: become the first state to accept cryptocurrency as payment for taxes,
Speaker 1: It says. Colorado will become the first state to accept
Speaker 1: cryptocurrency as payment for state taxes and fees, said Governor
Speaker 1: Jared Paulus. Paula said the state will take the digital
Speaker 1: coin payments and deposit the equivalent value in dollars into
Speaker 1: the States treasury. He said, quote in Colorado, we've been
Speaker 1: laying the groundwork to be the center of crypto innovation
Speaker 1: for for a number of years. We see it as
Speaker 1: a critical part of Colorado's overall innovation ecosystem, and then
Speaker 1: announcement comes as legislators in other states, including Arizona and
Speaker 1: California even are proposing laws which have ratified, would deem
Speaker 1: cryptocurrency and accepted form of payments statewide, not just for
Speaker 1: tax purposes. So while the United States the Biden admin
Speaker 1: might be moving to regulated, the states seem to be
Speaker 1: trying to make it legal. I mean, what do you
Speaker 1: think about this battle? I actually love the battle. I
Speaker 1: love keeping people honest. UM. I think this is the
Speaker 1: beauty of the United States of America, right, this is
Speaker 1: how it's supposed to be. Um. Each state can choose
Speaker 1: its own, um to a point, its own laws, in
Speaker 1: its own choices as far as what they want to do.
Speaker 1: And I think that for a long time, we never
Speaker 1: really saw state disagreeing with any sort of federal thing. Maybe,
Speaker 1: you know, maybe with marijuana, right we had some some
Speaker 1: states that have legalized it when as a federal law
Speaker 1: it was so illegal. So maybe that was the last
Speaker 1: time we saw the sort of occurring. But I like
Speaker 1: to see it. I think we do need that pushback,
Speaker 1: and I think it keeps everybody honest. And I think
Speaker 1: it sort of opens up sort of a you know,
Speaker 1: a free, free free market, right, I can choose what
Speaker 1: state I want to live on and live in. I
Speaker 1: can't speak anymore which state I whant to live in
Speaker 1: based on sort of what they believe and what they
Speaker 1: enforce and the you know, their local laws, and that's
Speaker 1: why it's supposed to be. UM. So I do love
Speaker 1: to see this. I'm very curious how this, how this occurs.
Speaker 1: I've always sort of said that I don't think the
Speaker 1: US government will ever ban bitcoin. It doesn't it's not
Speaker 1: in their best interest. They will tax it, and they
Speaker 1: will find a way to um benefit from it. And
Speaker 1: so I'm sort of I don't have the answers, UM,
Speaker 1: but I do like to see these sorts of things.
Speaker 1: I like to see the push. I like to see
Speaker 1: these conversations occur where it's senators and congressmen who have
Speaker 1: no idea what they're talking about, don't understand cryptocurrency whatsoever,
Speaker 1: sort of being schooled by those who do. UM. It's
Speaker 1: interesting for sure. So I'm I'm I'm excited to see it.
Speaker 1: I have questioned there had been some answer. They were
Speaker 1: creating their old legal tender Bitcoin, which I question if
Speaker 1: that's even legal. Um, And so it's an interesting time
Speaker 1: in the bitcoin world. But I do love to see
Speaker 1: these states sort of like entering the race, if you will. Yeah, yeah,
Speaker 1: I love the competition as well. That's the way it
Speaker 1: should be. The states should all be independent, which creates competition,
Speaker 1: and competition of course creates better product, service and prices
Speaker 1: for us. UM, not that we're customers, but maybe that
Speaker 1: we could be like customers. And of course the competition
Speaker 1: is even speeding up, worse than that or more than that,
Speaker 1: even internationally. Now, now you listening to the markma Show.
Speaker 1: We're talking about the latest news headlines with Justine Harper,
Speaker 1: Miss Hotel. I got lots more to come, so don't
Speaker 1: go away, all right, Welcome back here, listening to the
Speaker 1: Mark Moa Show. We're talking about bitcoin. We're talking about
Speaker 1: the decentralized revolution. We're talking about what the heck is
Speaker 1: going on in the world today. We're talking about politics,
Speaker 1: We're talking about finance, We're talking about technology. We're talking
Speaker 1: about all those things, or really I should say the
Speaker 1: intersection of those things. And I'm in the studio today
Speaker 1: with Justine Harper. You can find her on Twitter at
Speaker 1: Misshotel that's M S h O d L. And we're
Speaker 1: talking about some of these latest breaking news headlines. It's
Speaker 1: kind of discussing it. UM. It's wacky stuff, it's interesting stuff,
Speaker 1: and all of that. Before the break, we're talking specifically
Speaker 1: about UM. We're seeing these states starting to compete. So
Speaker 1: while Canada's cracking down on on bitcoin and cryptocurrencies UM,
Speaker 1: and then the Biden admin and the Treasury says they're
Speaker 1: gonna start cracking down on it, we have states in
Speaker 1: the United States like Colorado, Arizona, and Texas moving to
Speaker 1: legalize it or or make it even legal tender. And
Speaker 1: Justine was saying how she likes it because it kind
Speaker 1: of creates this competition which kind of keeps everybody honest,
Speaker 1: which I agree. And it's even bigger than that. So
Speaker 1: not only are states competing, but we also have countries competing.
Speaker 1: So uh, if you've been listening to me and you
Speaker 1: haven't been living under a rock, then you already know
Speaker 1: by now that UM. Last year UM, the country of
Speaker 1: El Salvado became the first country to make it bitcoin,
Speaker 1: make make bitcoin legal tender. And now it looks like
Speaker 1: Mexico is starting to move in the same direction. Now,
Speaker 1: I believe it's Mexico's richest person in the world, Richard
Speaker 1: Ricardo Salinas. I think it is. I don't have it
Speaker 1: pulled up in front of me. Sorry if I butchered that.
Speaker 1: Um and he is a huge bitcoin proponent and he's
Speaker 1: going to start accepting bitcoin at all his stores. But
Speaker 1: it's not just rich people in Mexico using it. Now
Speaker 1: we have a Mexican senator that's introducing a bill to
Speaker 1: make bitcoin legal tender in Mexico. Indira Kempus recently featured
Speaker 1: in an interview and she was basically discussing her intention
Speaker 1: to propose a bill that would make bitcoin legal tender
Speaker 1: in Mexico. She's a Mexican senator from the state of
Speaker 1: Nuevo Leone and um. She said that the impact bitcoin
Speaker 1: has had in El Salvador and the inevitable benefits bitcoin
Speaker 1: has to offer the people of Mexico are important. She said,
Speaker 1: quote El Salvador is undoubtedly becoming the most important hub
Speaker 1: or laboratory in the world. About the future with bitcoin,
Speaker 1: She went on to say, it is clear to me
Speaker 1: that financial exclusion is one of the public problems that
Speaker 1: few of us have addressed with feasible alternatives, and that
Speaker 1: this type of technology allowing us to generate an alternative,
Speaker 1: a way, a solution so that millions of people can
Speaker 1: be included in the financial system. So what she's saying
Speaker 1: is that per the UN about two billion adults in
Speaker 1: the world, more than more than half the adults in
Speaker 1: the world have no access to the financial system. So, UM,
Speaker 1: if you have a smartphone these days, um, the world's
Speaker 1: pretty equal. Um, anywhere in the world, I could have
Speaker 1: an Instagram account or a YouTube channel, and I could
Speaker 1: learn anything, I could meet anyone, I could do anything.
Speaker 1: I can make money. A thirteen year old kid could
Speaker 1: have Instagram account make a hundred thousand dollars a year.
Speaker 1: But not if they're not not if they're removed from
Speaker 1: the banking system. And so that's really the key. And
Speaker 1: so what she's saying here is just like what El
Speaker 1: Salvador has done, it's create an alternative system to allow
Speaker 1: people to be including the financial system. What do you
Speaker 1: think about that, Justine, I think this is a positive,
Speaker 1: of course. Um. I mean, I know there were many
Speaker 1: of us last year when it was announced that al
Speaker 1: Salvador was going to begin, um create making bitcoin legal
Speaker 1: tender that we knew this was going to be the
Speaker 1: first step of many right, many countries. We're going to
Speaker 1: watch and see how it benefited Al Savador, which I
Speaker 1: think it has greatly, um, and they were going to
Speaker 1: fallow suit. Um. So I think that this is great
Speaker 1: for Bitcoin, of course, but I think this is great
Speaker 1: for the world. This is great for the citizens of
Speaker 1: Mexico as well as you know, the citizens of El Salvador.
Speaker 1: I think when we live in the West, we get
Speaker 1: very spoiled and we don't realize the things that we
Speaker 1: take advantage for every single day are not things people
Speaker 1: have access to elsewhere. Um, and decoin really solves a
Speaker 1: problem for them. So I I love to see it. Um.
Speaker 1: It's I feel like we all sort of knew this
Speaker 1: was going to happen. We were sort of taking bets
Speaker 1: on which country was going to do it right, And
Speaker 1: I'm very glad to see that it's Mexico because you know,
Speaker 1: many of their citizens struggle just on on daily things. Um.
Speaker 1: They don't have the access that they need to to
Speaker 1: be able to further their life in a positive way.
Speaker 1: And so I think I'm excited to see it. I
Speaker 1: hope it goes through. I hope they have success. And
Speaker 1: I think that's just the first of any I think
Speaker 1: it's only a matter of time before it goes through.
Speaker 1: I mean, I hope it goes through. I think it will,
Speaker 1: right maybe not this first go around. I was just
Speaker 1: down in Mexico last weekend. UM, down in Cancoon. I
Speaker 1: love it Mexico. We we typically spent about two months
Speaker 1: a year down there. I'm a surfer, so I chase
Speaker 1: waves down there all the time. But what I love
Speaker 1: about Mexico is you just kind of feel free down there.
Speaker 1: And it's interesting, is I spend, like I said, a
Speaker 1: lot of time down there, and every time I come
Speaker 1: home from Mexico, back to the Land of the Free,
Speaker 1: I feel less free down there. It's like it just
Speaker 1: seems so open and free. Um. But yet here at home,
Speaker 1: every think so restrictive. UM. But also, if you look
Speaker 1: back really over the last two years, you know, when
Speaker 1: the whole world went into the state of lockdown, if
Speaker 1: you will, Mexico remained one of the freest places in
Speaker 1: the world. They were one of the first places in
Speaker 1: the world to have no restrictions of any type of
Speaker 1: mandate anything like that. And so um, It kind of
Speaker 1: makes sense that they would do this as as somebody
Speaker 1: who's free. Now, also, you know nations that are not
Speaker 1: on the US dollar or I should say, um, yeah,
Speaker 1: they have their own currency. They can't They can kind
Speaker 1: of create it, but um, they don't have the dollar
Speaker 1: system to protect it. Kind of makes sense that they
Speaker 1: may adopt that sooner than later. Um, we'll have to see. Now,
Speaker 1: there was a report I saw from Fidelity that said
Speaker 1: they think or they forecast that at least two more
Speaker 1: nations will will create a legal tender of bitcoin this year. Uh,
Speaker 1: do you have any guests on that. I don't. It's
Speaker 1: one of those come on prediction. I don't. I mean,
Speaker 1: I don't know. It's one of those things where I've
Speaker 1: I've picked up I've looked at a map and been like, Okay,
Speaker 1: who's it going to be? Because I feel like there
Speaker 1: was this time where we as bit quarters for like,
Speaker 1: all right, who's it going to be next? And I
Speaker 1: don't know. I think, Um, I think South America makes
Speaker 1: a lot of sense. Um. I would love to see
Speaker 1: somewhere like Africa do it. Honestly, Um, I I would
Speaker 1: love to see these these nations that are sort of
Speaker 1: put under the thumb of of I'm not going to
Speaker 1: call the United States a dictatorship, of course, but I
Speaker 1: feel like we sort of like push our thumb on
Speaker 1: other nations often and control them. And a lot of
Speaker 1: it's due to money. Um. I'll try to speak carefully there,
Speaker 1: but I think that if some of these countries could
Speaker 1: have the freedom of not being held under the US
Speaker 1: dollar in one way, shape or another and sort of
Speaker 1: be empowered through bitcoin, it would it would solve so
Speaker 1: many issues. UM. So I would love to see that.
Speaker 1: I would say, I don't have any guesses though, see
Speaker 1: this is this is the thing I'm not I'm not
Speaker 1: good at that part. But it's like I'm rooting for it,
Speaker 1: and I have all these hopes, but I don't know
Speaker 1: if I have any guesses. What are your guesses? Um?
Speaker 1: You know, I would say I could, I could see
Speaker 1: maybe even three. I think two or three is probably
Speaker 1: a pretty good number. I mean that's what Fidelity said. Um,
Speaker 1: I think somewhere in the two to three range. I think,
Speaker 1: you know, a lot of these Central American countries seem
Speaker 1: like they're pretty close. A lot of it really depends
Speaker 1: on what happens with bitcoin. This year. So obviously the
Speaker 1: prices down um quite a bit right now. Um, I
Speaker 1: think we're actually pump pump pretty hard this morning. It
Speaker 1: really sold off yesterday because of the whole war breaking
Speaker 1: off with them with Russia and Ukraine, and it dropped
Speaker 1: all the way down to about thirty four thousand, but uh,
Speaker 1: it pumped all the way back up to over almost
Speaker 1: forty thousand again. UM. So you know, a lot of
Speaker 1: it depends on what happens with that. I think if
Speaker 1: the price starts moving again, I think there's it's maybe
Speaker 1: we'll get on the high side of more countries adopting,
Speaker 1: and if we stayed lower, maybe maybe on the lower side. Um,
Speaker 1: you know, kind of see what happens from there. Um.
Speaker 1: But while other countries seem to be adopting it, So
Speaker 1: China got rid of bitcoin, all the coin minors, the
Speaker 1: United States become the big beneficiary, and then um, now
Speaker 1: you know we have the United States, individual states trying
Speaker 1: to bring it on. Um. Now we see some some
Speaker 1: stuff over in the EU. They're talking about banning bitcoin
Speaker 1: because of energy concerns over there. I mean, it's just insane.
Speaker 1: So it's like, well, it's this game theory that we
Speaker 1: talked about while nations are moving into it, and then
Speaker 1: we have other nations that want to be kicking themselves
Speaker 1: out of it. Um So, I think that's gonna be
Speaker 1: super interesting. Um So, I don't know. I guess I
Speaker 1: would say, you know, I think the developed worlds of
Speaker 1: basically the US and the West and Western Europe have
Speaker 1: the most to lose, so they're gonna be the last.
Speaker 1: Um the nations. I think, you know, probably more of
Speaker 1: the Central American ones, even maybe some South American ones.
Speaker 1: You're a gay Paraguay. Um maybe Brazil. Brazil has been
Speaker 1: talking about it. Um I don't know. We can get
Speaker 1: three or four. But anyway, you're listening to the Markmas show.
Speaker 1: We're talking about bitcoin. Of course, we're talking about the
Speaker 1: decentralized revolution. I've been in the studio with Justine Harper.
Speaker 1: You can find her on Twitter at ms hotel that's
Speaker 1: M S h O d L. She works with unchained Capital,
Speaker 1: which helps you custody or bitcoin, which is what we've
Speaker 1: been talking about today. She's perfectly suited for that. Give
Speaker 1: her a follow, send her a message, tell you heard
Speaker 1: her on the show. Uh, if you're not following me,
Speaker 1: you should. That's at number one. Mark Moss, we just
Speaker 1: broke down the latest breaking news for you of the week.
Speaker 1: Thanks so much for listening.