WEBVTT - The Mark Moss Show Mar 04, 2022 0:00:00.240 --> 0:00:02.080 All right, welcome back. You are listening to the Mark 0:00:02.160 --> 0:00:04.480 Mo Show. We're talking about bitcoin, We're talking about this 0:00:04.559 --> 0:00:08.680 decentralized revolution, We're talking about all the craziness that is 0:00:08.720 --> 0:00:12.719 going on in the world today. Um, there's no shortage 0:00:12.760 --> 0:00:14.640 of news headlines to talk about, and so today I 0:00:14.680 --> 0:00:16.680 want to bring you I want to get you caught 0:00:16.760 --> 0:00:19.440 up on the latest breaking news of what's happening. I'm 0:00:19.520 --> 0:00:22.279 joined in the studio today by Justine. You can find 0:00:22.280 --> 0:00:25.640 her on Twitter at Misshotel h O d L. That's 0:00:25.720 --> 0:00:29.800 right at Misshotel Justine Harper. Um, Justine, thanks for joining 0:00:29.840 --> 0:00:31.920 me today. Thanks so much for having me. Glad to 0:00:31.920 --> 0:00:34.040 be here. Yeah, I love I love talking to you. 0:00:34.159 --> 0:00:36.000 I love your takes on all these things and so 0:00:36.400 --> 0:00:38.240 UM anyway, I'm always happy when you can take a 0:00:38.320 --> 0:00:41.080 chance to join me. Um. And uh, yeah, there's just 0:00:41.440 --> 0:00:43.920 no shortage. I'm sure you've been probably your head spending 0:00:43.920 --> 0:00:45.320 trying to keep up with all the news that's going 0:00:45.360 --> 0:00:49.000 around lately. Yes, Um, it has been an insane week 0:00:49.080 --> 0:00:51.320 for news. Um, to the point where I've had to 0:00:51.440 --> 0:00:53.160 I don't know if you have this this issue where 0:00:53.159 --> 0:00:55.640 you have to like put all devices down, you get 0:00:55.640 --> 0:00:58.240 so sucked in where you have to actually actively tell 0:00:58.280 --> 0:01:01.200 yourself to walk away from it all. Very crazy week 0:01:01.240 --> 0:01:04.480 and in news for sure. Yeah, well, unfortunately I don't 0:01:04.480 --> 0:01:06.560 have the I don't have the ability to do that 0:01:06.600 --> 0:01:08.399 because I have to report on the news all the time. 0:01:08.840 --> 0:01:11.319 But to your voine and I I definitely understand. I 0:01:11.400 --> 0:01:14.680 was saying that earlier that I'm reminded of this quote 0:01:14.680 --> 0:01:17.280 by Vladimir Lenin where he said that there's decades where 0:01:17.319 --> 0:01:20.280 nothing seems to happen, and then there's days where decades 0:01:20.280 --> 0:01:22.720 seems to happen. And over the last probably two or 0:01:22.760 --> 0:01:24.720 three weeks, I mean really the last two years, but 0:01:24.959 --> 0:01:26.679 certainly the last two or three weeks, I mean, it's 0:01:26.720 --> 0:01:31.319 just really been escalating. And in regards to bitcoin, I 0:01:31.319 --> 0:01:36.440 mean it's just been thrust right onto the world stage. Yes, um, 0:01:36.480 --> 0:01:40.280 the bitcoin section has been on fire lately. I feel 0:01:40.280 --> 0:01:42.880 like every day we're talking about something new, and we 0:01:42.920 --> 0:01:45.000 almost sort of forget about whatever it was we were 0:01:45.000 --> 0:01:47.600 talking just a few days ago. In fact, when you 0:01:47.640 --> 0:01:49.360 invited me to come on, I was like, well, heck, like, 0:01:49.520 --> 0:01:51.840 what stories are we going to talk about? There's just 0:01:51.960 --> 0:01:55.440 so much, like there's so much happening that it's hard 0:01:55.480 --> 0:01:57.560 to Uh yeah, I keep my head on straight, and 0:01:57.600 --> 0:02:00.360 I'm sure yes, for you, it's even worse because this 0:02:00.400 --> 0:02:02.120 is what you're doing day and day out. I can, 0:02:02.200 --> 0:02:04.080 I can try to force myself to walk away from 0:02:04.080 --> 0:02:06.840 it occasionally, but I can't imagine how you're trying to 0:02:06.920 --> 0:02:11.040 keep up. So yeah, crazy times. Indeed, I'm wondering. You know, 0:02:11.120 --> 0:02:14.280 you work for a bitcoin company, Unchained Capital, which is 0:02:14.360 --> 0:02:16.000 a sponsor of the show, by the way, which is 0:02:16.200 --> 0:02:17.519 not why I have you on. I have you on 0:02:17.560 --> 0:02:19.480 because I like talking to you, But you do happen 0:02:19.520 --> 0:02:21.160 to work for Unchained Capital, which is a sponsor of 0:02:21.200 --> 0:02:25.320 the show. But you know, being a bitcoin company, obviously 0:02:25.360 --> 0:02:28.120 as a company, you guys have marketing, um, but bitcoin 0:02:28.160 --> 0:02:30.480 itself isn't isn't a company. I mean, it's just a 0:02:30.520 --> 0:02:32.480 it's a piece of code, right, it's a it's a code, 0:02:32.480 --> 0:02:34.919 and there is no marketing. But it seems like all 0:02:34.919 --> 0:02:37.520 this craziness is really doing some of the marketing for us. 0:02:37.520 --> 0:02:41.000 Have you noticed any kind of uptick from that, you think, Yeah, 0:02:41.000 --> 0:02:43.560 I mean we've seen a huge increase um one on 0:02:43.639 --> 0:02:46.680 self custody, which I think is I mean, I'm extremely 0:02:46.680 --> 0:02:49.239 passionate about self custody. I believe you are as well, 0:02:49.360 --> 0:02:52.040 and so any time they're sort of examples in the 0:02:52.080 --> 0:02:55.400 news of why individuals really, really truly need to hold 0:02:55.440 --> 0:02:58.519 the keys to their wealth. UM. I find that refreshing 0:02:58.639 --> 0:03:01.480 in a way that people are lead like understanding why 0:03:01.520 --> 0:03:03.480 it's important, and we do see an uptick from that. 0:03:03.960 --> 0:03:07.720 UM also moving funds off exchanges. Many times our clients 0:03:07.720 --> 0:03:11.360 are very new, so they need may need hands on support. Uh, 0:03:11.400 --> 0:03:13.600 they've never done a bitcoin transaction? How do they move 0:03:13.639 --> 0:03:16.040 these funds? Often exchange so they don't find themselves in 0:03:16.040 --> 0:03:18.040 a situation where they're cut off from their wealth. So 0:03:18.320 --> 0:03:20.800 we've definitely had an uptick in UM what we would call, 0:03:20.800 --> 0:03:23.280 I guess support questions and support help where we then 0:03:23.320 --> 0:03:27.400 walk a client through that UM. So yes, definitely. Uh. 0:03:27.480 --> 0:03:31.080 The News has been doing some marketing for us UM, 0:03:31.120 --> 0:03:33.360 but in that realm, it's like our focus is helping 0:03:33.400 --> 0:03:36.480 people plan their wealth for sure. Can you see or 0:03:36.640 --> 0:03:39.200 or can you even say, has there been an uptick 0:03:39.280 --> 0:03:42.760 from Canada? You know, one thing that we've had is 0:03:42.800 --> 0:03:46.680 a lot of people have questions, UM, you know, hey 0:03:47.040 --> 0:03:51.040 is unchanged going to work with the government to take 0:03:51.080 --> 0:03:53.800 away my bitcoin? Well? We don't hold your bitcoin, right. 0:03:53.840 --> 0:03:56.480 That's what makes us vastly different from like a centralized 0:03:56.520 --> 0:03:59.040 exchange is we have no custody of your bitcoin. What 0:03:59.080 --> 0:04:01.760 we're doing is helping to empower you to hold your bitcoin. 0:04:02.160 --> 0:04:04.440 So definitely have been a lot of questions that have 0:04:04.520 --> 0:04:06.320 come up regarding this that we've sort of had to 0:04:06.480 --> 0:04:10.080 reflect on. UM. I believe we had an article come 0:04:10.080 --> 0:04:12.480 out today. If it hasn't come out yet, it will 0:04:12.520 --> 0:04:15.080 be soon about sort of our stance on that UM. 0:04:15.120 --> 0:04:17.280 But also yeah, I mean, we are very different than 0:04:17.320 --> 0:04:19.760 say in exchange, but we've gotten lots of questions about that, 0:04:19.800 --> 0:04:22.400 and lots of people wanted to move to self custody 0:04:22.440 --> 0:04:25.960 because of perhaps what they're seeing in Canada UM, and 0:04:26.000 --> 0:04:27.360 you know, they need some help with it. So that's 0:04:27.360 --> 0:04:29.640 where unchained comes in. I even had I made a 0:04:29.640 --> 0:04:32.880 tweet about this, but I had a wedding vendor actually 0:04:32.880 --> 0:04:34.719 reach out to me after realizing what I did for 0:04:34.720 --> 0:04:38.440 a living and essentially was like, hey, UM, I hold crypto. 0:04:38.800 --> 0:04:42.040 I I don't hold it on a key, I control 0:04:42.560 --> 0:04:45.120 UM and I really feel like with the current environment 0:04:45.160 --> 0:04:47.120 in Canada, like this is something I really need to do. 0:04:47.400 --> 0:04:49.720 Can you show me how and an exchange, I'll give 0:04:49.760 --> 0:04:52.119 you like a discount on your vendor services for your wedding. 0:04:52.160 --> 0:04:54.040 And it was just like wow, like this is really 0:04:54.400 --> 0:04:56.880 where we are at this point. Normal what we call 0:04:57.000 --> 0:04:59.640 Normy's right are actually like heck, I I really need 0:04:59.680 --> 0:05:02.440 to be off costading this stuff, even if they're just experimenting, 0:05:02.680 --> 0:05:06.120 experimenting quote unquote with with corypt. So definitely seen that 0:05:06.160 --> 0:05:08.360 in my personal life as well. Yeah. The one thing 0:05:08.440 --> 0:05:13.240 I say is that you know, um, there's like urgency, right, 0:05:13.320 --> 0:05:16.600 So like, um, I believe in chiropractic. Right, I've been 0:05:16.640 --> 0:05:19.320 going to chiropractic for you know, most of my life. Um, 0:05:19.360 --> 0:05:21.280 I believe in the benefits of it. Not everyone does. 0:05:21.360 --> 0:05:23.840 I do. Um. But even though I believe in it, 0:05:23.880 --> 0:05:26.200 and even though I like it, I don't go all 0:05:26.240 --> 0:05:28.640 the time. I typically only go when I'm in pain. 0:05:29.160 --> 0:05:30.839 And so there's like this something that has to like 0:05:30.880 --> 0:05:32.840 trigger this urgency, Like I don't have time to go 0:05:32.880 --> 0:05:35.560 to chiropractory, but if I'm in pain and everything gets 0:05:35.640 --> 0:05:37.600 dropped and I'm gonna go, right, And so we kind 0:05:37.600 --> 0:05:39.359 of have the same thing. And in the rest of 0:05:39.360 --> 0:05:42.040 our lives and so um where we've seen in the 0:05:42.120 --> 0:05:44.719 United States and Canada, in places like Western Europe that 0:05:44.800 --> 0:05:47.640 people like I don't really understand why bitcoin is important, 0:05:47.680 --> 0:05:50.440 but if you're in Venezuela or in Africa or something 0:05:50.480 --> 0:05:53.440 like that, you see it. Um. But now all of 0:05:53.480 --> 0:05:55.880 a sudden, like, what's not going on in Canada? Um, 0:05:55.920 --> 0:05:58.520 they've brought this urgency. And so when they're telling everybody 0:05:58.560 --> 0:06:01.840 they're going to freeze their bank account. Um. There's a 0:06:01.920 --> 0:06:05.320 video clip of going around of Jordan Peterson, who has 0:06:05.520 --> 0:06:08.320 become a biitcoin advocate, it seems like and um, there 0:06:08.360 --> 0:06:10.200 was a video clip of him and he said, Hey, 0:06:10.240 --> 0:06:12.240 I was getting some calls from some of my friends 0:06:12.320 --> 0:06:13.839 high up in the in the government, in the military, 0:06:14.080 --> 0:06:16.400 and they told me to get my money out of 0:06:16.400 --> 0:06:18.159 the bank. And so now that's all of a sudden, 0:06:18.200 --> 0:06:20.800 there's like this, uh, this urgency right now everybody has 0:06:20.839 --> 0:06:24.760 a big reason. Um. So it's it's been pretty good marketing, yeah, 0:06:24.800 --> 0:06:26.800 and I think that, I mean, it's as sad as 0:06:26.839 --> 0:06:29.159 it is to say, like, there are terrible things happening 0:06:29.200 --> 0:06:32.040 in this world, and I definitely would never cheer it on, right, 0:06:32.080 --> 0:06:34.159 So it's like this weird balance of I don't want 0:06:34.200 --> 0:06:36.479 there to be these things that make people scared that 0:06:36.520 --> 0:06:38.400 they need to do this thing. But I also don't 0:06:38.400 --> 0:06:40.320 want them to be in a situation where they can't 0:06:40.360 --> 0:06:42.600 access their wealth when they need to. And yeah, the 0:06:42.640 --> 0:06:45.160 stuff that happened in Canada was sort of a we 0:06:45.279 --> 0:06:47.680 know that these things have sort of been happening in 0:06:47.920 --> 0:06:50.320 countries perhaps that aren't right in front of us. Um, 0:06:50.360 --> 0:06:52.320 you know this is happening all over the world, but 0:06:52.360 --> 0:06:54.200 to see it in such a vast scale in Canada 0:06:54.240 --> 0:06:56.719 where we don't agree with what you're saying, we don't 0:06:56.720 --> 0:06:59.640 agree with your political stance. Um, I think even one 0:06:59.760 --> 0:07:01.880 and forget exactly who it was mentioned, like if you 0:07:01.960 --> 0:07:05.880 support Trump, you may likely have your accounts frozen. Like 0:07:05.960 --> 0:07:08.440 this is insane. This is an insane aspect, no matter 0:07:08.520 --> 0:07:12.120 which side of the parties you find yourself on, Like, 0:07:12.200 --> 0:07:14.280 this is a line that has it in my opinion, 0:07:14.360 --> 0:07:17.360 been crossed in a country like Canada or the US 0:07:17.400 --> 0:07:19.440 on such a wide scale. So I think for a 0:07:19.440 --> 0:07:21.320 lot of people that definitely open their eyes of like, 0:07:21.400 --> 0:07:24.160 oh man, this could really happen. If this could happen 0:07:24.200 --> 0:07:26.680 to these individuals, it could happen to anyone. So yeah, 0:07:26.680 --> 0:07:30.320 I think it has definitely become a discussion. Um. And 0:07:31.240 --> 0:07:33.480 I mean I hate to say it's good marketing, but 0:07:33.560 --> 0:07:35.440 if my goal is to help as many people as 0:07:35.480 --> 0:07:38.240 possible hold their own keys so they can't be cut 0:07:38.240 --> 0:07:40.720 off from their wealth, then yes, this is helping to 0:07:41.040 --> 0:07:42.720 get people to wake up to the need to do 0:07:42.760 --> 0:07:45.040 so as well. I think your analogy is great. When 0:07:45.080 --> 0:07:47.800 it hurts, we we make a move, right um, and 0:07:47.920 --> 0:07:51.040 right now it's hurting. Yeah, when the when the urgency 0:07:51.160 --> 0:07:53.480 is high enough, right and so, um. You know when 0:07:53.520 --> 0:07:56.320 when you're in Venezuela and they inflate your currency by 0:07:57.760 --> 0:08:00.280 pent in a year, that's a pretty higher to see 0:08:00.320 --> 0:08:02.360 to get out of that currency into something else. Now, 0:08:02.400 --> 0:08:04.960 in the United States, the FED inflated our currency by 0:08:05.000 --> 0:08:09.480 about thirty Um. I don't like that. That's pretty high 0:08:09.480 --> 0:08:11.840 for me. Radalio says cash is trated pretty high for him. 0:08:12.040 --> 0:08:14.480 Not everybody's really feeling the pain. If you're in Lebanon 0:08:14.520 --> 0:08:18.640 and it's then you're pretty motivated, and so at some 0:08:18.720 --> 0:08:22.760 point everybody will be motivated. And of course, like I said, um, 0:08:22.960 --> 0:08:25.080 when the government tells you that you don't have the 0:08:25.160 --> 0:08:26.840 right to store your money in a way that we 0:08:26.920 --> 0:08:30.760 can't steal from you kind of makes me want to 0:08:30.800 --> 0:08:33.000 get my money banks. Kind of like in the United States, 0:08:33.040 --> 0:08:35.880 anytime they start talking about gun control, the sales of 0:08:35.920 --> 0:08:38.480 guns go through the roof, and it's kind of like 0:08:38.559 --> 0:08:40.920 this marketing UM. And so I think that's kind of 0:08:40.920 --> 0:08:44.120 what we're seeing. UM. A lot of stories I want 0:08:44.120 --> 0:08:46.880 to dig into US. I want to start transitioning, dig 0:08:46.960 --> 0:08:49.160 dig into a couple of these stories. One of them, 0:08:49.160 --> 0:08:51.640 specifically I want to talk to you about because it's 0:08:51.640 --> 0:08:56.640 specifically about self custodial wallets UM, which is which is 0:08:56.679 --> 0:08:59.000 a pretty big topic listening to the Mark mass Show. 0:08:59.040 --> 0:09:01.199 I'll be right back with more. All right, welcome back. 0:09:01.240 --> 0:09:03.600 You are listening to the markma Show and we're talking 0:09:03.640 --> 0:09:07.120 about bitcoin. We're talking about the decentralized revolution. We are 0:09:07.160 --> 0:09:10.160 talking about the craziness that is going around in the world, 0:09:10.480 --> 0:09:12.559 and not only how to make sense of it, well, 0:09:12.559 --> 0:09:13.920 I guess how to make sense of it so that 0:09:13.960 --> 0:09:17.840 we can navigate it properly to build, grow, protect our wealth, UM, 0:09:17.920 --> 0:09:21.200 and maintain our freedom. Right. All freedom starts with the 0:09:21.200 --> 0:09:25.280 ability to transact UM. Now before the break, well, I'm 0:09:25.320 --> 0:09:28.680 talking with Justine Harper. That's a mishotal that's M. S. 0:09:28.840 --> 0:09:31.640 H O D l Um and she's with me in 0:09:31.640 --> 0:09:34.000 the studio today. We were talking about, Um, you know 0:09:34.000 --> 0:09:36.600 the importance of being able to control our own money. 0:09:36.679 --> 0:09:39.560 Like I said, all freedom starts with the ability to transact. 0:09:39.960 --> 0:09:45.000 And um, the money in the bank legally isn't my money. 0:09:45.200 --> 0:09:48.400 And that's why sometimes many times for me, unfortunately the 0:09:48.440 --> 0:09:52.120 bank has blocked a wire transfer. Nope. For example, my 0:09:52.160 --> 0:09:54.200 banks in Puerto Rico, they've given me too many warnings 0:09:54.640 --> 0:09:56.559 and they said that I can't because I keep trying 0:09:56.600 --> 0:09:58.319 to send it to different places. I can't send it 0:09:58.360 --> 0:10:00.959 to any crypto businesses anymore. Um. I sent a wire 0:10:01.080 --> 0:10:02.719 just even here at my local bank in the US, 0:10:02.760 --> 0:10:05.000 at Wells Fargo to my sister and they said, do 0:10:05.000 --> 0:10:06.920 you know who this is? I said, yeah, it's my sister. No, 0:10:07.000 --> 0:10:09.840 but do you really know. I'm like, she's my blood. Yeah, 0:10:09.880 --> 0:10:11.920 but are you sure right? Um? And so they want 0:10:11.960 --> 0:10:14.679 to control that. So because they have my money, I 0:10:14.720 --> 0:10:17.200 don't control it. So we're talking about self custody. With bitcoin. 0:10:17.640 --> 0:10:20.520 It solves the oldest problem in the world, the oldest 0:10:20.559 --> 0:10:24.800 problem that mankind has had is how do I secure 0:10:24.880 --> 0:10:29.400 my property? So it's not stolen and uh, bitcoin fixes 0:10:29.440 --> 0:10:32.440 that and so we can custody ourselves very easily. Now 0:10:32.760 --> 0:10:35.200 what's interesting, Justine is I was seeing, you know, like 0:10:35.200 --> 0:10:36.920 I said, trying to keep up with all this news. 0:10:36.960 --> 0:10:40.439 There's an article that came out where it says regulators 0:10:40.440 --> 0:10:46.679 in Canada Warren crypto exchanges not to promote self custody wallets. Wow, 0:10:47.080 --> 0:10:50.480 So the Ontario Securities Commission sent tweets from coin Based 0:10:50.480 --> 0:10:54.560 CEO Brian I'm Strong and Cracking CEO Jesse Powell to 0:10:54.760 --> 0:10:59.440 the Canadian police because, supposedly, it says here in the article, 0:10:59.480 --> 0:11:02.839 tweets from the CEOs of coin Based and Cracking advocated 0:11:02.920 --> 0:11:06.400 self custody of digital assets and they're being looked at 0:11:06.440 --> 0:11:10.080 by the Royal Canadian Mounted Police for violating sanctions put 0:11:10.120 --> 0:11:15.199 in place to curb the trucker protests in the country. So, um, 0:11:15.280 --> 0:11:19.640 let's see. So they're helping people violate sanctions, or it 0:11:19.640 --> 0:11:23.400 says here offering advice on how to evade sanctions on 0:11:23.600 --> 0:11:26.959 funds because they're saying, if you don't want to have 0:11:27.000 --> 0:11:28.960 your bank accounts frozen, you should get your money out 0:11:28.960 --> 0:11:31.480 of the bank, and apparently telling people to get their 0:11:31.480 --> 0:11:34.640 money on the bank is evading sanctions on funds and 0:11:34.440 --> 0:11:37.120 what do you think about that? Well, it may not 0:11:37.240 --> 0:11:39.160 be a surprise to you or anyone else that I 0:11:39.160 --> 0:11:43.000 think this is um insanity, right, UM, And I think 0:11:43.000 --> 0:11:46.320 it shows very clearly that they understand that an individual 0:11:46.360 --> 0:11:51.120 who cannot be censored financially is a is something they 0:11:51.160 --> 0:11:54.400 should be concerned concerned about. They control us throughout money, right, 0:11:54.440 --> 0:11:56.200 this is how they can do everything. This is how 0:11:56.200 --> 0:12:00.440 they can invade, invade countries right through our assets, through 0:12:00.520 --> 0:12:03.920 our wealth. UM. And having the ability to opt out 0:12:03.920 --> 0:12:06.079 of that and not allow them to control as by 0:12:06.080 --> 0:12:09.720 their wealth, by our wealth, should scare them. Right. The 0:12:09.760 --> 0:12:12.640 idea that the Canadian government feels like they can tell 0:12:12.679 --> 0:12:16.679 a US company that they can't tell people this self 0:12:16.720 --> 0:12:19.760 custody is insane to me. I I actually laughed when 0:12:19.760 --> 0:12:21.679 I read that headline, and I was really proud of 0:12:21.679 --> 0:12:23.959 the of UM. You know, I don't say I'm proud 0:12:23.960 --> 0:12:26.360 of coin based often, UM, but I was proud of 0:12:26.520 --> 0:12:29.400 Brian and Jesse kind of surprises me often, but I 0:12:29.440 --> 0:12:31.240 was proud of them for essentially being like, no, you 0:12:31.280 --> 0:12:33.720 should move your funds, like this is definitely something you 0:12:33.720 --> 0:12:36.719 should do. The CEO of an exchange saying to move 0:12:36.760 --> 0:12:40.040 your funds off their exchange, I think is pretty phenomenal 0:12:40.160 --> 0:12:42.840 in my opinion, and does very much highlight really what 0:12:42.920 --> 0:12:46.320 we're up against when it comes to government entities having 0:12:46.360 --> 0:12:49.000 full control or banks, let's just say banks having full 0:12:49.040 --> 0:12:51.400 control of your assets. It's it's really not yours. As 0:12:51.400 --> 0:12:53.200 you mentioned, they get to decide how you use it, 0:12:53.240 --> 0:12:54.960 and if use it a way they don't agree with, 0:12:55.280 --> 0:12:57.120 they can cut you off from it very quickly with 0:12:57.240 --> 0:13:00.600 a with a stroke of a pen. Right. Um, but 0:13:00.640 --> 0:13:02.440 this isn't the first time they've done this, Right, this 0:13:02.480 --> 0:13:04.440 isn't the first time they said you can't hold your assets. 0:13:04.480 --> 0:13:06.440 We've saw that happen with gold. They tried to say, no, 0:13:06.559 --> 0:13:09.400 you can't. You can't custody your gold. You can't own that. 0:13:09.559 --> 0:13:11.200 You you have to have that in a bank. So 0:13:11.679 --> 0:13:16.160 it is interesting to be seeing this again. Um, but 0:13:16.280 --> 0:13:18.480 I think it just highlights the importance of it, right, Like, 0:13:18.600 --> 0:13:21.240 we really need to get people to where they can 0:13:21.320 --> 0:13:23.760 self custody because there may be a time where these 0:13:23.800 --> 0:13:27.160 centralized exchanges are told no, nobody can move it off 0:13:27.200 --> 0:13:29.559 to a wallet they control. Um, So we got to 0:13:29.559 --> 0:13:32.040 get ahead of that for sure. Yeah, I mean to 0:13:32.040 --> 0:13:33.959 to what Justine's saying there, If you guys aren't caught 0:13:34.000 --> 0:13:37.280 up on your monetary history, then uh, for thousands of years, 0:13:37.320 --> 0:13:41.320 for basically all of all alternity humanity, gold has been 0:13:41.320 --> 0:13:43.360 money for about five thousand years. Gold is money. I 0:13:43.360 --> 0:13:45.400 mean we had rocks and seashells and feathers and things 0:13:45.440 --> 0:13:48.720 like that, um, but gold was money. And of course 0:13:48.760 --> 0:13:50.640 gold is big and heavy, so it doesn't real it's 0:13:50.640 --> 0:13:52.760 not easy to transact with. And so what happened is 0:13:52.760 --> 0:13:54.360 we put it in the banks, and then the banks 0:13:54.360 --> 0:13:56.839 gave us these paper gold receipts that were redeemable for 0:13:57.240 --> 0:14:02.560 that gold. And in Nree Act six two, UM, the government, 0:14:02.600 --> 0:14:05.400 the United States government went on what they called a 0:14:05.440 --> 0:14:08.000 bank holiday. I mean they went on holiday and you 0:14:08.000 --> 0:14:10.160 couldn't get your money out. And when they open back up, 0:14:11.440 --> 0:14:13.480 they seized all your gold. You were not allowed to 0:14:13.480 --> 0:14:15.360 get that gold out. And what's even worse than that 0:14:15.760 --> 0:14:19.040 is those those fake paper goldstificates, those redeemable certificates. They 0:14:19.040 --> 0:14:22.040 were no longer redeemable, but before they were worth of 0:14:22.080 --> 0:14:24.960 those redeemable certificates, twenty dollars were worth an ounce of gold. 0:14:25.960 --> 0:14:28.680 After they seized all your gold. It was thirty five 0:14:28.880 --> 0:14:31.440 of those paper goalsertificates for an ounce of gold, which 0:14:31.440 --> 0:14:33.640 means not only they seize it, not only they steal 0:14:33.680 --> 0:14:37.440 your gold, um and made you use these fake paper certificates. Um, 0:14:37.480 --> 0:14:40.040 they also devalue them at the same time. And so 0:14:40.080 --> 0:14:42.760 when you think this can't happen the United States, it 0:14:43.040 --> 0:14:46.520 already did. And the problem is is that once you 0:14:46.600 --> 0:14:48.720 give that money to somebody, whether it's the cash in 0:14:48.760 --> 0:14:51.160 your Canadian bank today or the gold that you put 0:14:51.160 --> 0:14:53.480 in the bank before, um, they seize your money. And 0:14:53.520 --> 0:14:56.600 so um, yeah, it's pretty it's pretty evident that we 0:14:56.680 --> 0:14:58.800 need to be able to do that. And I guess 0:14:58.800 --> 0:15:01.080 good on. Like you said, not a lot of things 0:15:01.080 --> 0:15:03.040 to praise a coin baseed for, but this is one 0:15:03.080 --> 0:15:05.320 of them. For sure. It actually pained me to say that, 0:15:05.360 --> 0:15:08.480 but hey, you gotta call it like we see it, right, Yeah, yeah, 0:15:08.560 --> 0:15:11.000 for sure. Have have you guys got any notices about 0:15:11.000 --> 0:15:15.280 a promoting self custody? We haven't. Actually, no, we have 0:15:15.400 --> 0:15:17.640 not had any notices of that. I think there will 0:15:17.680 --> 0:15:20.000 be sort of an educational lesson. I think it was 0:15:20.240 --> 0:15:22.600 was it numb nunchuck? I'm trying to think of the 0:15:23.280 --> 0:15:25.800 where sort of like we don't hold funds, like we can't. 0:15:26.160 --> 0:15:28.000 So it's sort of similar with us, like we don't 0:15:28.000 --> 0:15:30.760 hold funds. UM. So you can tell us we can't 0:15:30.800 --> 0:15:33.760 do so, but we don't. We're not holding funds. UM. 0:15:33.840 --> 0:15:35.400 I will say, I'm very proud to be a part 0:15:35.440 --> 0:15:38.440 of a company who believes in individual freedom and is 0:15:38.440 --> 0:15:40.800 willing to fight for them. UM. So I do think 0:15:40.880 --> 0:15:44.240 that if we came to that, UM, I would be 0:15:44.280 --> 0:15:47.520 proud of what our our company UM says or does. 0:15:47.600 --> 0:15:49.040 I guess it's a good way to put it. Yeah, 0:15:49.080 --> 0:15:51.400 what she was saying about Nunchuck, I don't know. I 0:15:51.400 --> 0:15:53.000 didn't do any research. I mean, do you know if 0:15:53.000 --> 0:15:54.600 that's legit or was that just kind of a meme 0:15:54.600 --> 0:15:57.480 going around. I'm not sure it wasn't. Actually it was 0:15:57.520 --> 0:16:01.240 like yeah, just go ahead. Yeah. It was like it 0:16:01.280 --> 0:16:04.320 looked like it was a response that like maybe the 0:16:04.560 --> 0:16:08.160 Canadian government had contacted Nunchuck and said, um, hey, you know, 0:16:08.200 --> 0:16:10.600 we need to access your customers funds or whatever, and 0:16:10.640 --> 0:16:13.280 it was like their response and it said, um, hey, 0:16:13.520 --> 0:16:16.280 you don't understand how bitcoin works, like, uh, not only 0:16:16.320 --> 0:16:19.040 won't we help you, we can't help you. Um And 0:16:19.080 --> 0:16:21.600 they said, but they said, but we could help you. Um, 0:16:21.640 --> 0:16:23.960 whenever I think you know your currency failed and you 0:16:23.960 --> 0:16:26.000 may want to move into bitcoin, I think we can 0:16:26.040 --> 0:16:27.720 help you. And it was like there's real snarky, kind 0:16:27.720 --> 0:16:30.640 of tongue in cheek response. But but but it was 0:16:30.680 --> 0:16:33.120 two things. One, it highlighted that the governments don't know 0:16:33.160 --> 0:16:35.880 anything about what they're talking about, because if they did, 0:16:35.880 --> 0:16:37.760 they would they would never have asked that in the 0:16:37.800 --> 0:16:40.520 first place. But then it also just highlighted the fact 0:16:40.560 --> 0:16:43.280 that these companies, if if done right, like what end 0:16:43.320 --> 0:16:46.600 chain does, it's not that they won't decide to censor you. 0:16:47.360 --> 0:16:50.000 I said they can't. And that's a big difference because 0:16:50.520 --> 0:16:53.280 um Jess Powell Jesse Powell from from Crack and I 0:16:53.320 --> 0:16:55.960 saw publicly on Twitter. UM he was asked like, hey, 0:16:56.000 --> 0:16:58.200 will crack and protect me from the government. He said, no, 0:16:58.760 --> 0:17:02.200 we can't. Don't expect us to. As a matter of fact, 0:17:02.240 --> 0:17:04.760 I'm telling you that we won't. The only way you 0:17:04.800 --> 0:17:07.320 can protect yourself is to get it off the exchange. 0:17:07.359 --> 0:17:09.360 And so that's kind of what Nunchuck was saying, is like, hey, 0:17:09.520 --> 0:17:13.360 we can't help you. We don't have access to that UM. 0:17:13.359 --> 0:17:15.200 And so anyway that was That was a great response. 0:17:15.600 --> 0:17:17.640 By the way, you're listening to the Mark Moa Show. 0:17:17.640 --> 0:17:20.640 We're talking about bitcoin, the decentralized Revolution. We're talking about 0:17:20.640 --> 0:17:22.879 the craziness going on in the world today. I'm in 0:17:22.880 --> 0:17:25.080 the studio with Justine Harper. You can find her on 0:17:25.080 --> 0:17:28.399 Twitter at miss Hotel. That's M. S h O d L. 0:17:28.720 --> 0:17:31.480 Talking about the latest breaking news headlines of the week 0:17:31.760 --> 0:17:34.119 and discussing them. Hopefully it's joable for you. I got 0:17:34.200 --> 0:17:35.880 a lot more news to get through. Don't go away, 0:17:35.880 --> 0:17:38.480 I'll be right back. Hey everyone, welcome back. You're listening 0:17:38.480 --> 0:17:40.479 to the Mark Moa Show. We're talking about bitcoin, We're 0:17:40.520 --> 0:17:43.840 talking about the decentralized revolution. We are talking about this 0:17:44.200 --> 0:17:47.320 rapidly changing world that we are living in them and 0:17:47.320 --> 0:17:50.200 it's literally changing right before our very eyes. Before the 0:17:50.240 --> 0:17:52.760 break up, I'm in the studio with Justine Harper. You 0:17:52.800 --> 0:17:55.080 can find her on Twitter at miss Hotel. That's M. 0:17:55.160 --> 0:17:57.800 S h O d L. We've been discussing some of 0:17:57.800 --> 0:18:01.360 these crazy news headlines. Were previously just talking about what's 0:18:01.359 --> 0:18:03.880 going on in Canada and how crazy that is up there, 0:18:04.080 --> 0:18:06.960 how they're literally telling people they're freezing, They're gonna freeze 0:18:06.960 --> 0:18:10.520 their accounts, seize their money, prevent them from transacting. And 0:18:10.560 --> 0:18:13.600 then you know, bitcoin is a center stage and everybody's 0:18:13.600 --> 0:18:16.120 looking at it. And then and then Canada comes goes 0:18:16.160 --> 0:18:19.760 after some of these uh uh exchanges like coin based 0:18:19.760 --> 0:18:22.240 and cracking and tells the CEO is like, hey, you 0:18:22.359 --> 0:18:25.280 can't be promoting for people to hold their money outside 0:18:25.280 --> 0:18:29.280 the bank. How dare you tell people they could actually 0:18:29.280 --> 0:18:30.560 get money out of the bank. I mean, that's just 0:18:30.600 --> 0:18:34.359 absolutely ridiculous. Um. But anyway, we discussed that and uh. 0:18:34.440 --> 0:18:36.320 But at the same time, what's interesting is, at the 0:18:36.359 --> 0:18:40.399