1 00:00:00,040 --> 00:00:02,080 Speaker 1: All right, I'm just gonna welcome you guys real quick. 2 00:00:02,120 --> 00:00:05,720 Speaker 1: You are listening to the brand new Mark Moss Show, 3 00:00:06,000 --> 00:00:07,880 Speaker 1: where I am going to take you through the world 4 00:00:07,960 --> 00:00:12,800 Speaker 1: of bitcoin, cryptocurrencies, this new system, the new financial system, 5 00:00:12,880 --> 00:00:15,040 Speaker 1: but even bigger than that. I'm gonna take you through 6 00:00:15,040 --> 00:00:18,040 Speaker 1: that each and every week into what I believe is 7 00:00:18,200 --> 00:00:23,040 Speaker 1: what I would call the biggest, the largest, a symmetric 8 00:00:23,239 --> 00:00:26,880 Speaker 1: opportunity that you'll ever see in your lifetime, that probably 9 00:00:26,880 --> 00:00:29,440 Speaker 1: several generations will ever see in their lifetime. Now, what 10 00:00:29,520 --> 00:00:35,279 Speaker 1: does that mean A symmetric opportunity, Well, investors, real investors 11 00:00:35,320 --> 00:00:38,120 Speaker 1: are looking for things they call a symmetric opportunities and 12 00:00:38,120 --> 00:00:41,559 Speaker 1: that means that it has more upside than downside. Right, 13 00:00:41,680 --> 00:00:44,279 Speaker 1: so symmetric would be there the same. We don't want that. 14 00:00:44,600 --> 00:00:47,760 Speaker 1: I want more reward than the potential risk that I'm 15 00:00:47,800 --> 00:00:51,560 Speaker 1: putting out now. The way to get a symmetric opportunities 16 00:00:51,600 --> 00:00:56,040 Speaker 1: in life is to have a symmetric information. You have 17 00:00:56,120 --> 00:01:00,240 Speaker 1: to know something that most people don't know. Otherwise would 18 00:01:00,240 --> 00:01:02,120 Speaker 1: be in the great majority, you'd be in the herd. 19 00:01:02,560 --> 00:01:05,200 Speaker 1: And uh, well, you're gonna find out in life that 20 00:01:05,440 --> 00:01:08,960 Speaker 1: usually being in the herd is not where you want 21 00:01:09,000 --> 00:01:11,680 Speaker 1: to be and if you want to get asymmetric opportunities, 22 00:01:11,920 --> 00:01:13,080 Speaker 1: then you don't want to be in the herd. You 23 00:01:13,120 --> 00:01:15,280 Speaker 1: need to be in front of the herd, right. You 24 00:01:15,280 --> 00:01:17,920 Speaker 1: want to get into that position before the herd gets 25 00:01:17,920 --> 00:01:20,959 Speaker 1: there and pushes that forward. And again, like I said, 26 00:01:21,000 --> 00:01:24,800 Speaker 1: the only way to do that is with a symmetric information, 27 00:01:24,800 --> 00:01:27,160 Speaker 1: which is what I'm going to bring to you each 28 00:01:27,200 --> 00:01:31,959 Speaker 1: and every week. And so write this down, bookmark this time, stamp. 29 00:01:32,000 --> 00:01:34,160 Speaker 1: You do not want to miss this because it could 30 00:01:34,200 --> 00:01:38,720 Speaker 1: be the biggest opportunity of your lifetime. So you don't 31 00:01:38,720 --> 00:01:41,400 Speaker 1: want to miss it. It's that important. So again, thanks 32 00:01:41,400 --> 00:01:43,200 Speaker 1: for joining the Mark Moss Show. And so today we're 33 00:01:43,200 --> 00:01:45,840 Speaker 1: gonna talk about bitcoin, we're gonna talk about cryptocurrencies, we're 34 00:01:45,840 --> 00:01:50,080 Speaker 1: gonna talk about the revolution. Now. I've been doing a 35 00:01:50,080 --> 00:01:52,360 Speaker 1: lot of work on my YouTube channel and on Twitter. 36 00:01:52,920 --> 00:01:54,480 Speaker 1: By the way, you can follow me on Twitter. It's 37 00:01:54,520 --> 00:01:57,080 Speaker 1: the number one Mark Moss and I talk about there's 38 00:01:57,240 --> 00:02:03,000 Speaker 1: three revolutions that are all converging right now. And these 39 00:02:03,000 --> 00:02:07,040 Speaker 1: are different revolutions. They're they're in different areas. Now. When 40 00:02:07,080 --> 00:02:10,280 Speaker 1: you're looking at financial markets, um typically we're looking for 41 00:02:10,400 --> 00:02:15,200 Speaker 1: things called indicators and indicators are things that we're hoping 42 00:02:15,360 --> 00:02:18,840 Speaker 1: tell us what the future holds. Now. The thing about 43 00:02:18,880 --> 00:02:21,520 Speaker 1: indicators is that you don't want to look at just 44 00:02:21,720 --> 00:02:25,200 Speaker 1: one indicator. You want to look at as many indicators 45 00:02:25,240 --> 00:02:27,880 Speaker 1: as you possibly can, and then you're looking for them 46 00:02:27,919 --> 00:02:30,720 Speaker 1: to kind of have this consensus. You're looking for them 47 00:02:30,760 --> 00:02:34,600 Speaker 1: to kind of show you that there's this agreement there. 48 00:02:34,840 --> 00:02:37,480 Speaker 1: And so when I'm looking at these three revolutions, I'm 49 00:02:37,520 --> 00:02:40,679 Speaker 1: also looking for indicators. And so what a lot of 50 00:02:40,720 --> 00:02:43,840 Speaker 1: people look at is they go, well, um, shoot, the 51 00:02:43,880 --> 00:02:47,320 Speaker 1: financial system is overstressed. We can see that inflation is 52 00:02:47,360 --> 00:02:50,280 Speaker 1: running sky high. You know, the United States Federal Reserve, 53 00:02:50,320 --> 00:02:52,399 Speaker 1: the Central Bank is you know, pumped in about eight 54 00:02:52,400 --> 00:02:56,320 Speaker 1: trillion dollars over the last eighteen months. We can see 55 00:02:56,320 --> 00:02:58,040 Speaker 1: that now the government in the United States is talking 56 00:02:58,040 --> 00:03:00,320 Speaker 1: about a shutdown because the that's then they have to 57 00:03:00,360 --> 00:03:02,120 Speaker 1: raise the death ceiling. And so we can see that 58 00:03:02,200 --> 00:03:05,960 Speaker 1: the financial system is, you know, it's about out of moves. 59 00:03:06,000 --> 00:03:07,919 Speaker 1: And if if we were playing a game, let's say 60 00:03:07,960 --> 00:03:10,960 Speaker 1: we were playing I don't know, scrabble, um, eventually you 61 00:03:11,080 --> 00:03:13,560 Speaker 1: run out of moves. And when everybody runs out of moves, 62 00:03:13,639 --> 00:03:16,480 Speaker 1: what do you do, Well, you reset the game. And 63 00:03:16,520 --> 00:03:19,440 Speaker 1: that's exactly what our financial system is doing. It's it's 64 00:03:19,440 --> 00:03:22,400 Speaker 1: time to reset the game. Um. And so that's one indicator. 65 00:03:22,520 --> 00:03:25,200 Speaker 1: But what other indicators are there? And so there's um 66 00:03:25,280 --> 00:03:28,520 Speaker 1: that those move on eighty year cycles, eighty year time frames, 67 00:03:28,560 --> 00:03:31,639 Speaker 1: all right, financial systems, financial revolutions work on about every 68 00:03:31,680 --> 00:03:34,840 Speaker 1: eighty year. So eighty years ago was the Bretton Woods Agreement. 69 00:03:34,880 --> 00:03:38,720 Speaker 1: That's when the whole world moved onto a gold standard. 70 00:03:39,520 --> 00:03:40,920 Speaker 1: All right. Now, I know we're gonna talk about bitcoin, 71 00:03:40,920 --> 00:03:43,360 Speaker 1: we talk about cryptocurrencies, but I'm trying to establish this 72 00:03:43,440 --> 00:03:45,640 Speaker 1: base for you. UM. Okay, So let's move on eighty 73 00:03:45,680 --> 00:03:49,760 Speaker 1: year cycles. Then there's another revolutionary cycle, um, and it's 74 00:03:49,800 --> 00:03:54,120 Speaker 1: a technological revolution cycle, and those move on fifty year 75 00:03:54,200 --> 00:03:59,280 Speaker 1: time frames. And a technological revolution is what we're talking 76 00:03:59,360 --> 00:04:02,920 Speaker 1: about right now. We're talking about something so big that 77 00:04:03,000 --> 00:04:07,200 Speaker 1: it literally changes all of humanity. It changes the course 78 00:04:07,240 --> 00:04:09,240 Speaker 1: of humanity. I know it's a big statement, but let 79 00:04:09,240 --> 00:04:11,240 Speaker 1: me prove it to you. So I'm not talking about 80 00:04:11,240 --> 00:04:13,880 Speaker 1: a new technology. I'm not talking about the iPhone. I'm 81 00:04:13,880 --> 00:04:16,320 Speaker 1: not talking about Uber or Airbnb, and those were cool, 82 00:04:16,800 --> 00:04:19,320 Speaker 1: but it didn't change humanity, right, I'm talking about something 83 00:04:19,400 --> 00:04:21,360 Speaker 1: so big it changes, of course, humanity. So there's been 84 00:04:21,440 --> 00:04:23,599 Speaker 1: five in the last two and fifty years. We can 85 00:04:23,640 --> 00:04:27,839 Speaker 1: go back to the Sevres with the Industrial Revolution, which 86 00:04:27,880 --> 00:04:30,599 Speaker 1: took people from the farms, from the from the cottage industry, 87 00:04:30,640 --> 00:04:33,160 Speaker 1: and it put them into factories and built cities. It 88 00:04:33,360 --> 00:04:38,240 Speaker 1: changed humanity. Approximately fifty years later we had the age 89 00:04:38,240 --> 00:04:42,560 Speaker 1: of steam engines and steel. So for all of humanity 90 00:04:42,600 --> 00:04:46,960 Speaker 1: we had manpower, some horsepower. Now we had steam engines 91 00:04:46,960 --> 00:04:49,440 Speaker 1: that allowed us to move big loads across the world. 92 00:04:49,720 --> 00:04:51,800 Speaker 1: And then we had steel. Before steel we could build 93 00:04:51,839 --> 00:04:54,120 Speaker 1: you know, brick buildings two stories high. Now we could 94 00:04:54,160 --> 00:04:57,920 Speaker 1: build skyscrapers, we could build bridges, etcetera, etcetera. Changed humanity. 95 00:04:58,240 --> 00:05:02,640 Speaker 1: Fast forwarding, we had the and mention of electricity. Now, 96 00:05:02,720 --> 00:05:06,320 Speaker 1: at the time, electricity was just like, um, you know, 97 00:05:06,360 --> 00:05:08,600 Speaker 1: it was kind of like a digital candle. Uh, you know, 98 00:05:08,640 --> 00:05:10,960 Speaker 1: what do we need electricity before? We have candles? Candles 99 00:05:10,960 --> 00:05:13,320 Speaker 1: have worked good for a long time. Right. The candle 100 00:05:13,360 --> 00:05:16,159 Speaker 1: makers came out in this uh you know, coordinated effort 101 00:05:16,160 --> 00:05:19,160 Speaker 1: to shut electricity down. We don't need electricity, we have candles, right. 102 00:05:19,160 --> 00:05:22,080 Speaker 1: They want to protect their interest, of course, electricity is 103 00:05:22,279 --> 00:05:24,520 Speaker 1: way bigger. At changed humanity and it allows us to 104 00:05:24,560 --> 00:05:26,080 Speaker 1: even do what we're doing today. You wouldn't even be 105 00:05:26,080 --> 00:05:27,599 Speaker 1: able to hear me right this minute if we didn't 106 00:05:27,600 --> 00:05:29,760 Speaker 1: have electricity. Right, it was much bigger than it was. 107 00:05:29,960 --> 00:05:32,800 Speaker 1: It was a replacement for candles at the time, but 108 00:05:32,880 --> 00:05:35,880 Speaker 1: it became something so much bigger. Fast forward, approximately another 109 00:05:35,880 --> 00:05:40,240 Speaker 1: fifty years, we have the age of oil, automobiles, and 110 00:05:40,360 --> 00:05:44,880 Speaker 1: mass production, and it changed humanity imagined for all of humanity. 111 00:05:45,080 --> 00:05:48,640 Speaker 1: People walked or rode horses and that was it. And 112 00:05:48,640 --> 00:05:51,359 Speaker 1: now they could drive, which means now they could transport 113 00:05:51,400 --> 00:05:54,360 Speaker 1: materials and they could ship things and all these things. Um, 114 00:05:54,400 --> 00:06:00,320 Speaker 1: it changed humanity. Fast forward was the age of the microprocessor, 115 00:06:00,400 --> 00:06:04,120 Speaker 1: which have brought us personal computers, which then allowed us 116 00:06:04,120 --> 00:06:07,159 Speaker 1: to have smartphones, allowed us to have the Internet again, 117 00:06:07,279 --> 00:06:09,920 Speaker 1: things like we're using right this minute that I'm broadcasting 118 00:06:09,960 --> 00:06:14,200 Speaker 1: to you from. And so you add plus fifty years, 119 00:06:14,240 --> 00:06:17,440 Speaker 1: which puts us to right now we're facing in the 120 00:06:17,600 --> 00:06:20,520 Speaker 1: technological revolution. So that's a fifty year cycle. Then there's 121 00:06:20,560 --> 00:06:22,360 Speaker 1: one more indicator. I'm going to break down and then 122 00:06:22,360 --> 00:06:25,880 Speaker 1: we'll jump in. The other indicator is what I would 123 00:06:25,920 --> 00:06:29,200 Speaker 1: call political or social or cultural revolutions, and those work 124 00:06:29,200 --> 00:06:32,400 Speaker 1: on about two hundred and fifty year time frames, and 125 00:06:32,440 --> 00:06:35,159 Speaker 1: about every two or fifty years we see a revolution. 126 00:06:35,400 --> 00:06:37,479 Speaker 1: So two or fifty years ago from now was the 127 00:06:37,520 --> 00:06:40,560 Speaker 1: American and the French Revolution. Two and fifty years before 128 00:06:40,680 --> 00:06:45,240 Speaker 1: that was the Protestant Reformation. What both of those represented, 129 00:06:45,240 --> 00:06:50,719 Speaker 1: those revolutions represented was um peak globalization or peak centralization, 130 00:06:50,760 --> 00:06:55,440 Speaker 1: and the world pushed back on that and moved to decentralization. 131 00:06:55,560 --> 00:06:58,279 Speaker 1: So um as this two and fifty year cycle pushing 132 00:06:58,360 --> 00:07:02,040 Speaker 1: back against centralization and even to decentralization is here two 133 00:07:02,080 --> 00:07:05,320 Speaker 1: and fifty year cycle, we'll have a fifty year technological 134 00:07:05,360 --> 00:07:08,839 Speaker 1: revolution that's giving us exactly what we need. So the 135 00:07:08,880 --> 00:07:13,680 Speaker 1: world's rejecting centralization to move to decentralization, and we have 136 00:07:13,840 --> 00:07:19,280 Speaker 1: a brand new technology that gives us decentralization at the 137 00:07:19,360 --> 00:07:21,400 Speaker 1: very time we need it now. The other thing to 138 00:07:21,440 --> 00:07:26,280 Speaker 1: keep in mind is that these technological revolutions drive financial markets. 139 00:07:26,280 --> 00:07:29,080 Speaker 1: And so what's interesting as the two or fifty year 140 00:07:29,080 --> 00:07:31,040 Speaker 1: revolution cycle is hitting at the same time as a 141 00:07:31,080 --> 00:07:35,280 Speaker 1: fifty year technological revolution cycle that then creates a new 142 00:07:35,280 --> 00:07:38,559 Speaker 1: financial market, the financial system on an eight year cycle 143 00:07:38,640 --> 00:07:41,080 Speaker 1: is also hitting at the same time converging and is 144 00:07:41,120 --> 00:07:45,320 Speaker 1: ready to be reset. When you converge all three of 145 00:07:45,400 --> 00:07:49,080 Speaker 1: these cycles, it creates the biggest disruption in the world. 146 00:07:49,440 --> 00:07:51,480 Speaker 1: And for a lot of people, if they're not paying attention, 147 00:07:51,600 --> 00:07:55,040 Speaker 1: is disastrous. But if you're paying attention, it can be 148 00:07:55,080 --> 00:07:58,040 Speaker 1: the biggest opportunity of your life. And that is what 149 00:07:58,080 --> 00:08:02,920 Speaker 1: we are talking about with bitcoin, with decentralization. And I 150 00:08:03,000 --> 00:08:05,320 Speaker 1: am going to tell you how to play this by 151 00:08:05,320 --> 00:08:08,800 Speaker 1: giving you this asymmetric information that you need so you 152 00:08:08,800 --> 00:08:12,680 Speaker 1: can take advantage of this asymmetric opportunity. All right, now, 153 00:08:12,920 --> 00:08:15,280 Speaker 1: I want to talk about some things so you can 154 00:08:15,360 --> 00:08:18,600 Speaker 1: kind of really understand how big this is. UM. Some 155 00:08:18,920 --> 00:08:23,000 Speaker 1: countries around the world are now talking about this. It 156 00:08:23,080 --> 00:08:25,600 Speaker 1: went from you know, I think it was Gandhi who said, 157 00:08:25,600 --> 00:08:27,480 Speaker 1: you know, first they laugh at you, then they try 158 00:08:27,520 --> 00:08:29,160 Speaker 1: to fight you, and then they finally joined you kind 159 00:08:29,160 --> 00:08:31,920 Speaker 1: of thing. And that's exactly what we've been seeing, you know, 160 00:08:32,040 --> 00:08:34,679 Speaker 1: for the last decade, we've watched bitcoin kind of grow 161 00:08:34,800 --> 00:08:38,000 Speaker 1: and a lot of people make fun of it. UM. 162 00:08:38,040 --> 00:08:40,200 Speaker 1: A lot of people think there's no use case for it, 163 00:08:40,240 --> 00:08:42,880 Speaker 1: there's no need for it. Then they're trying to fight 164 00:08:42,960 --> 00:08:45,920 Speaker 1: it and stop it. Um. You know, the governments are 165 00:08:45,920 --> 00:08:48,959 Speaker 1: trying to create regulations around it or make it illegal, 166 00:08:49,160 --> 00:08:52,719 Speaker 1: like one country just did this week, albeit for the 167 00:08:52,840 --> 00:08:56,720 Speaker 1: ninth time. UM. And some countries are actually joining it 168 00:08:56,800 --> 00:08:58,679 Speaker 1: and adopting it. And so I'm gonna tell you about 169 00:08:58,679 --> 00:09:01,400 Speaker 1: that when we get I want I want to talk 170 00:09:01,400 --> 00:09:04,640 Speaker 1: to you about which countries are trying to regulate it, 171 00:09:04,760 --> 00:09:07,880 Speaker 1: which countries are trying to make it illegal, and which 172 00:09:07,960 --> 00:09:10,840 Speaker 1: countries are adopting it. And when you can understand more 173 00:09:10,880 --> 00:09:15,200 Speaker 1: importantly why this is happening, it will help you better 174 00:09:15,280 --> 00:09:18,200 Speaker 1: prepare for what you need to do to take advantage 175 00:09:18,240 --> 00:09:19,640 Speaker 1: of this. We'll talk about it when I get back 176 00:09:19,679 --> 00:09:22,600 Speaker 1: in just a second. All right, you are back listening 177 00:09:22,640 --> 00:09:27,600 Speaker 1: to the Mark Moths Show of talking about the revolution 178 00:09:27,880 --> 00:09:32,000 Speaker 1: of Bitcoin, of cryptocurrencies. And yeah, I'm not I'm not 179 00:09:32,559 --> 00:09:35,120 Speaker 1: I'm not trying to hype overhype this. I'm talking about 180 00:09:35,200 --> 00:09:39,280 Speaker 1: a revolution. If you missed the previous segment before the break, 181 00:09:39,480 --> 00:09:41,760 Speaker 1: well you missed out where I set the stage of 182 00:09:41,800 --> 00:09:45,440 Speaker 1: these three revolutionary cycles that are converging right now. But 183 00:09:45,480 --> 00:09:47,560 Speaker 1: we're gonna keep moving forward on this. You're listening to 184 00:09:47,559 --> 00:09:51,160 Speaker 1: the Mark mos Show talking about bitcoin and cryptocurrencies. And 185 00:09:51,200 --> 00:09:52,800 Speaker 1: really the reason why I want to talk to you 186 00:09:52,840 --> 00:09:55,199 Speaker 1: on this show about this is because it is the 187 00:09:55,240 --> 00:09:59,079 Speaker 1: biggest opportunity of your life, the biggest asymmetric opportunity of 188 00:09:59,080 --> 00:10:01,960 Speaker 1: your life. But in order to navigate this correctly, you 189 00:10:02,080 --> 00:10:05,080 Speaker 1: have to have the asymmetric information. You have to have 190 00:10:05,080 --> 00:10:07,920 Speaker 1: the information that most people don't have. So, um, going 191 00:10:08,000 --> 00:10:10,400 Speaker 1: back into where we're talking about it, you know, I 192 00:10:10,480 --> 00:10:14,080 Speaker 1: was saying, how you know Gandhi's statement of first they 193 00:10:14,160 --> 00:10:15,719 Speaker 1: laugh at you, you know, then they try to fight you, 194 00:10:15,760 --> 00:10:17,920 Speaker 1: and then they join you. And that's exactly what we've 195 00:10:17,920 --> 00:10:23,000 Speaker 1: seen this evolution of bitcoin take. And we've gone from that. Um, 196 00:10:23,160 --> 00:10:26,040 Speaker 1: we'll first they ignore you, then we moved to the 197 00:10:26,120 --> 00:10:29,200 Speaker 1: laughing at you. Everyone that's participated in this. Uh what 198 00:10:29,240 --> 00:10:33,199 Speaker 1: do they call it? Magic? Internet money? Are? They're ridiculous? Right, 199 00:10:33,240 --> 00:10:36,800 Speaker 1: Like I only trust things I can hold in my hand. Um. 200 00:10:37,160 --> 00:10:42,000 Speaker 1: You might hear the boomers talking about that, of course, anybody. Um, well, 201 00:10:42,320 --> 00:10:44,200 Speaker 1: I don't want to exclude people by age group, but 202 00:10:44,440 --> 00:10:46,920 Speaker 1: I think by this point most people realize that digital 203 00:10:46,960 --> 00:10:49,160 Speaker 1: things are in factor real It's a matter of fact, 204 00:10:49,760 --> 00:10:52,880 Speaker 1: over eight of our currency transactions that they are done digital. 205 00:10:52,960 --> 00:10:54,199 Speaker 1: So I don't know why people have a hard time 206 00:10:54,200 --> 00:10:58,560 Speaker 1: believing that magic digital money. Um. So they laughed at us. Um. 207 00:10:58,600 --> 00:11:00,560 Speaker 1: Of course, then they started to fight this, and so 208 00:11:00,640 --> 00:11:06,120 Speaker 1: we saw China come out and ban bitcoin, and then um, 209 00:11:06,120 --> 00:11:08,320 Speaker 1: they came out and banned it again, and then they 210 00:11:08,400 --> 00:11:10,120 Speaker 1: banned it again, and they banned it again. As a 211 00:11:10,160 --> 00:11:13,760 Speaker 1: matter of fact, Um, this week China came out and 212 00:11:13,800 --> 00:11:21,760 Speaker 1: said that they make all cryptocurrency transactions illegal. Now what's 213 00:11:21,760 --> 00:11:25,160 Speaker 1: interesting is I believe this is the eighth or ninth 214 00:11:25,360 --> 00:11:28,640 Speaker 1: time that China has banned it, and so I guess 215 00:11:28,679 --> 00:11:32,640 Speaker 1: the first thing I would say is, Hmmm, it must 216 00:11:32,679 --> 00:11:36,040 Speaker 1: be pretty hard to ban if they've banned it nine 217 00:11:36,160 --> 00:11:38,959 Speaker 1: times and they haven't even been able to get it done. 218 00:11:39,640 --> 00:11:41,720 Speaker 1: But of course they just continue to ramp it up 219 00:11:41,760 --> 00:11:45,120 Speaker 1: and ramp it up and ramp it up. And so. Um. 220 00:11:45,160 --> 00:11:48,199 Speaker 1: It was just a couple of months ago they banned 221 00:11:48,720 --> 00:11:53,000 Speaker 1: bitcoin mining and they pushed all the bitcoin miners out 222 00:11:53,000 --> 00:11:55,160 Speaker 1: of the country. I don't want to get deep into 223 00:11:55,200 --> 00:11:58,280 Speaker 1: the technical aspects of this for you guys that maybe 224 00:11:58,320 --> 00:12:00,120 Speaker 1: aren't up to speed on this, because it's really not 225 00:12:00,160 --> 00:12:04,000 Speaker 1: that important. Um. But um, in order for the bitcoin 226 00:12:04,080 --> 00:12:07,600 Speaker 1: network to work and to remain to keep its level 227 00:12:07,640 --> 00:12:13,040 Speaker 1: of decentralization. It's a decentralized technology, which means nobody controls it, 228 00:12:13,960 --> 00:12:15,920 Speaker 1: and we want that. We don't want anyone to control it. 229 00:12:16,400 --> 00:12:18,920 Speaker 1: And the reason why it's decentralized with nobody controlling it 230 00:12:19,000 --> 00:12:24,040 Speaker 1: is because, um, every anybody could and I do this, 231 00:12:24,080 --> 00:12:25,599 Speaker 1: and I would recommend you too as well, once you 232 00:12:25,679 --> 00:12:28,240 Speaker 1: learn about it. But anybody could run a copy of 233 00:12:28,280 --> 00:12:31,199 Speaker 1: the database and it's called a node, and it's about 234 00:12:31,200 --> 00:12:33,560 Speaker 1: three hundred gigabytes, it's not very big. On a small, 235 00:12:33,600 --> 00:12:36,360 Speaker 1: little portable hard drive smaller than your your iPhone, you 236 00:12:36,360 --> 00:12:38,240 Speaker 1: could run that and you just plug it into your 237 00:12:38,240 --> 00:12:40,160 Speaker 1: WiFi route and you can run your own note and 238 00:12:40,200 --> 00:12:42,880 Speaker 1: you run an entire copy of the database. And there's 239 00:12:43,320 --> 00:12:45,440 Speaker 1: people all over the world running them and that's what 240 00:12:45,640 --> 00:12:49,800 Speaker 1: keeps the network decentralized, so nobody can control it. And 241 00:12:49,840 --> 00:12:54,560 Speaker 1: then the miners are computers that actually helped process the transactions. Well, 242 00:12:54,600 --> 00:12:57,600 Speaker 1: one of the big gripes of people that want to 243 00:12:57,760 --> 00:13:02,199 Speaker 1: fight against bitcoin say that, well, but China had control 244 00:13:02,400 --> 00:13:06,120 Speaker 1: of the miners because they had over fifty one cent 245 00:13:06,440 --> 00:13:11,599 Speaker 1: of those miners there. Now, because it's decentralized, because everybody 246 00:13:11,640 --> 00:13:15,000 Speaker 1: can run their own copy of the database. In order 247 00:13:15,040 --> 00:13:18,559 Speaker 1: for a transaction to happen, because it's decentralized, the network 248 00:13:18,640 --> 00:13:22,880 Speaker 1: has to achieve consensus. That means the network has to 249 00:13:22,960 --> 00:13:26,240 Speaker 1: agree that this transaction is valid. Again, not trying to 250 00:13:26,240 --> 00:13:29,640 Speaker 1: go super deep into this um, but because China had 251 00:13:29,720 --> 00:13:35,360 Speaker 1: over fifty of these miners, theoretically they could have potentially 252 00:13:35,440 --> 00:13:38,839 Speaker 1: maybe done some nefarious actions on the network. Well, a 253 00:13:38,840 --> 00:13:42,160 Speaker 1: couple of months ago, China kicked them all out of 254 00:13:42,200 --> 00:13:46,679 Speaker 1: the country, basically shut down over half of the network. Now, 255 00:13:46,760 --> 00:13:48,760 Speaker 1: they could have tried to coop it and take it over, 256 00:13:48,800 --> 00:13:52,040 Speaker 1: but instead they kicked them out. Um and we we 257 00:13:52,280 --> 00:13:55,240 Speaker 1: we witnessed in real time, but probably one of the 258 00:13:55,400 --> 00:14:01,920 Speaker 1: greatest technological marvels ever witnessed. M Imagine if Amazon, with 259 00:14:02,000 --> 00:14:06,040 Speaker 1: their global distribution centers and their global networks. Imagine if 260 00:14:06,080 --> 00:14:10,280 Speaker 1: half of Amazon's network shut down overnight and was forced 261 00:14:10,320 --> 00:14:14,600 Speaker 1: to relocate. What type of disruption do you think that 262 00:14:14,600 --> 00:14:18,120 Speaker 1: would take, what kind of how long do you think 263 00:14:18,120 --> 00:14:21,600 Speaker 1: that would take Amazon to literally pack up their distribution 264 00:14:21,680 --> 00:14:25,080 Speaker 1: centers and relocate them across the world, And what disruption 265 00:14:25,080 --> 00:14:27,400 Speaker 1: would that have to the Amazon distribution or network or 266 00:14:27,440 --> 00:14:30,440 Speaker 1: Coca cola or whatever. Well, we witnessed it happened on 267 00:14:30,440 --> 00:14:33,640 Speaker 1: the bitcoin network. Um, and all those miners left China 268 00:14:33,720 --> 00:14:35,800 Speaker 1: and got redistributed around the world. And you know, for 269 00:14:35,840 --> 00:14:39,120 Speaker 1: a month or two, um, we saw you know, transaction 270 00:14:39,160 --> 00:14:41,280 Speaker 1: times get a little bit more expensive or or take 271 00:14:41,320 --> 00:14:43,720 Speaker 1: a little bit longer. But it absorbed it pretty well. 272 00:14:44,520 --> 00:14:46,760 Speaker 1: Well that was a few months ago. Now, China came 273 00:14:46,760 --> 00:14:49,760 Speaker 1: out this week and said again that they want to 274 00:14:49,800 --> 00:14:53,480 Speaker 1: declare all transactions illegal. And they say, and I'm going 275 00:14:53,520 --> 00:14:55,680 Speaker 1: to quote them per their press release, it says, the 276 00:14:55,720 --> 00:15:00,640 Speaker 1: decision was made to quote in order to safeguards people's 277 00:15:00,800 --> 00:15:07,240 Speaker 1: properties and maintain keyps here and maintain economic, financial, and 278 00:15:07,320 --> 00:15:14,080 Speaker 1: social order end quote. See what they're saying here, did 279 00:15:14,080 --> 00:15:15,960 Speaker 1: you hear that part? Let me read it again. Quote 280 00:15:16,000 --> 00:15:19,880 Speaker 1: in order to safeguard people's properties and important part here 281 00:15:20,280 --> 00:15:26,280 Speaker 1: maintain economic, financial, and social order. End quote. Well, what 282 00:15:26,320 --> 00:15:31,000 Speaker 1: they're really saying is that people shouldn't have the ability 283 00:15:31,360 --> 00:15:35,479 Speaker 1: to choose whatever they want to store their wealth. And 284 00:15:35,520 --> 00:15:38,920 Speaker 1: what they're saying is that people shouldn't have the freedom 285 00:15:38,960 --> 00:15:43,320 Speaker 1: to use whatever they think is money. Because per what 286 00:15:43,360 --> 00:15:46,200 Speaker 1: they're saying here, if you're reading between the lines, what 287 00:15:46,320 --> 00:15:49,360 Speaker 1: this quote is saying is that if you use another 288 00:15:49,440 --> 00:15:54,760 Speaker 1: form of money, you'll disrupt the economic and financial and 289 00:15:54,880 --> 00:15:59,880 Speaker 1: social order. Now why is that all right? Why is 290 00:16:00,240 --> 00:16:03,280 Speaker 1: that happening? So, like I said earlier, the first thing 291 00:16:03,360 --> 00:16:05,240 Speaker 1: is uh, I mean, they're obviously having to ban it 292 00:16:05,360 --> 00:16:08,160 Speaker 1: multiple times, so the banning doesn't really work. But I 293 00:16:08,200 --> 00:16:11,520 Speaker 1: want to tell you what they actually mean by that piece. 294 00:16:11,880 --> 00:16:14,640 Speaker 1: There's something that I want to introduce to you. It's 295 00:16:14,680 --> 00:16:20,040 Speaker 1: called the Mundle Fleming tri lemma. All right, Now, a dilemma. 296 00:16:20,200 --> 00:16:22,600 Speaker 1: You're probably familiar with that word, right, It's a dilemma. Well, 297 00:16:22,640 --> 00:16:24,680 Speaker 1: I'm forced to choose one or the other. Well, a 298 00:16:24,760 --> 00:16:27,920 Speaker 1: tri lemma is similar, except for now there's three options 299 00:16:28,440 --> 00:16:31,600 Speaker 1: and you can't have all three. You've got to choose 300 00:16:32,160 --> 00:16:35,160 Speaker 1: between two out of the three. And that is what 301 00:16:35,440 --> 00:16:38,160 Speaker 1: China is facing. But it's not just China. You need 302 00:16:38,200 --> 00:16:43,160 Speaker 1: to understand this Mundal Fleming tri lemma because every nation 303 00:16:43,440 --> 00:16:46,640 Speaker 1: that controls their own money is going to be facing 304 00:16:46,720 --> 00:16:50,600 Speaker 1: the exact same try lemma, the exact same problem. And 305 00:16:50,600 --> 00:16:52,240 Speaker 1: so I want to explain that to you. But also 306 00:16:52,320 --> 00:16:55,320 Speaker 1: I want to talk to you about that even though 307 00:16:55,360 --> 00:16:58,080 Speaker 1: they've banned all the mining and kicked them out of 308 00:16:58,080 --> 00:17:04,040 Speaker 1: the country, and now they've may all cryptocurrency illegal. As 309 00:17:04,119 --> 00:17:08,920 Speaker 1: of yesterday, there's still almost a hundred and fifty bitcoin 310 00:17:09,080 --> 00:17:11,919 Speaker 1: nodes running in China. Remember I told you the nodes, 311 00:17:12,320 --> 00:17:15,360 Speaker 1: they run the entire copy of the database, and so 312 00:17:15,440 --> 00:17:18,200 Speaker 1: as of yesterday, at the time of this recording, there's 313 00:17:18,240 --> 00:17:21,800 Speaker 1: over a hundred about a hundred and fifty of these 314 00:17:21,800 --> 00:17:25,840 Speaker 1: bitcoin nodes running. And so I want to show you 315 00:17:25,880 --> 00:17:28,880 Speaker 1: that because it's it's important to understand the network cannot 316 00:17:28,920 --> 00:17:32,199 Speaker 1: be shut down. That's why it's a revolutionary And I 317 00:17:32,200 --> 00:17:33,960 Speaker 1: want to talk to you about this tri limit because, 318 00:17:34,000 --> 00:17:36,840 Speaker 1: like I said, if your country controls their own currency, 319 00:17:37,880 --> 00:17:41,639 Speaker 1: you know, the United States or Europe ECB, then you 320 00:17:41,680 --> 00:17:44,320 Speaker 1: need to understand this. We're gonna talk about that. I 321 00:17:44,320 --> 00:17:46,520 Speaker 1: want to I want to explain to you how this works. 322 00:17:46,560 --> 00:17:48,800 Speaker 1: And once you see how simple this is, you're gonna 323 00:17:48,800 --> 00:17:51,399 Speaker 1: be able to understand this for what it really is. 324 00:17:51,440 --> 00:17:53,159 Speaker 1: So I'm gonna be right back with you in a second. 325 00:17:53,480 --> 00:17:56,600 Speaker 1: All right, welcome back. Now you're listening to the brand 326 00:17:56,600 --> 00:17:59,960 Speaker 1: new Mark Moss Show, where I am going to be 327 00:18:00,119 --> 00:18:03,560 Speaker 1: bringing you the most up to date, most recent information 328 00:18:03,680 --> 00:18:07,600 Speaker 1: on bitcoin, on cryptocurrencies, and the state of the financial 329 00:18:07,760 --> 00:18:11,400 Speaker 1: system in the world today. Now, just real quick, real quick, 330 00:18:11,440 --> 00:18:13,320 Speaker 1: before you make up your mind if this is for 331 00:18:13,359 --> 00:18:15,119 Speaker 1: you or if it isn't, let me just tell you 332 00:18:15,119 --> 00:18:18,080 Speaker 1: real quick, this is and I'm going to continue to 333 00:18:18,119 --> 00:18:20,000 Speaker 1: prove this to you each and every week. This is 334 00:18:20,119 --> 00:18:24,080 Speaker 1: the biggest opportunity that you have ever seen in your lifetime. 335 00:18:24,080 --> 00:18:26,560 Speaker 1: And not just your lifetime or my lifetime, but even 336 00:18:26,760 --> 00:18:28,680 Speaker 1: like our kids and our parents and our grandparents. I'm 337 00:18:28,680 --> 00:18:34,840 Speaker 1: talking multigenerational because it's part of a fifty year technological revolution, 338 00:18:35,160 --> 00:18:38,000 Speaker 1: all right. Now. The way that you take advantage of 339 00:18:38,000 --> 00:18:43,120 Speaker 1: these massive opportunities asymmetric opportunities by having asymmetric information, information 340 00:18:43,119 --> 00:18:45,480 Speaker 1: that most people don't have, which is why I am 341 00:18:45,520 --> 00:18:48,480 Speaker 1: going to bring that to you each and every week. So, uh, 342 00:18:48,640 --> 00:18:51,280 Speaker 1: take note of what, what station, and what time you're 343 00:18:51,280 --> 00:18:53,480 Speaker 1: listening to this as of right now, and set to 344 00:18:53,480 --> 00:18:55,800 Speaker 1: your calendar reminder to tune in with me each and 345 00:18:55,800 --> 00:18:58,840 Speaker 1: every week, because I guarantee it will be worth your time. 346 00:18:59,640 --> 00:19:02,160 Speaker 1: It could change your life. Now, jumping back into where 347 00:19:02,160 --> 00:19:05,159 Speaker 1: we were before the break, we're talking about how China 348 00:19:05,240 --> 00:19:11,159 Speaker 1: has uh again banned bitcoin and band cryptocurrencies multiple times, 349 00:19:12,080 --> 00:19:14,240 Speaker 1: but a couple of things. One, I said that it's 350 00:19:14,240 --> 00:19:15,960 Speaker 1: not working and that's why they have to ban it 351 00:19:16,119 --> 00:19:18,480 Speaker 1: six and seven and eight and nine times, because it's 352 00:19:18,480 --> 00:19:21,359 Speaker 1: just they can't actually do it UM. And even after 353 00:19:21,400 --> 00:19:25,400 Speaker 1: they've done this final declaration of banning again UM, as 354 00:19:25,440 --> 00:19:28,720 Speaker 1: of yesterday, we can see that they're still over about 355 00:19:28,760 --> 00:19:31,720 Speaker 1: about a hundred and fifty bitcoin nodes that are still 356 00:19:31,800 --> 00:19:35,920 Speaker 1: running UM in China and so UM. You know, they 357 00:19:35,920 --> 00:19:38,439 Speaker 1: can tell you can't do it, but can they really 358 00:19:38,440 --> 00:19:40,840 Speaker 1: stop it. It's digital and that's something that there's something 359 00:19:40,880 --> 00:19:42,520 Speaker 1: to talk about, and I'd love to dig into that, 360 00:19:42,600 --> 00:19:44,560 Speaker 1: but I want to jump back to one other point, 361 00:19:45,080 --> 00:19:46,680 Speaker 1: and the point that I was talking about before we 362 00:19:46,680 --> 00:19:49,399 Speaker 1: went to the break is that there's something known as 363 00:19:49,440 --> 00:19:52,400 Speaker 1: the Mundo Flemming try limit. And you have to understand 364 00:19:52,440 --> 00:19:55,840 Speaker 1: this because this is the reason why China is trying 365 00:19:55,880 --> 00:19:59,920 Speaker 1: to ban it. This is the same reason why regardless 366 00:20:00,040 --> 00:20:02,720 Speaker 1: of what country you may be from, if they control 367 00:20:02,760 --> 00:20:06,320 Speaker 1: their own currency, they're facing the exact same try, lemma. 368 00:20:07,240 --> 00:20:09,360 Speaker 1: And so what is that try lemma? Let me break 369 00:20:09,400 --> 00:20:11,640 Speaker 1: it down for you. If you were with us before 370 00:20:11,680 --> 00:20:15,040 Speaker 1: the break, I said that the quote from China is 371 00:20:15,280 --> 00:20:20,720 Speaker 1: quote in order to safeguards people's properties and maintain economic, financial, 372 00:20:21,040 --> 00:20:24,720 Speaker 1: and social order. All right, So the trial emma helps 373 00:20:24,760 --> 00:20:27,560 Speaker 1: us understand why they said that piece. So the three 374 00:20:27,600 --> 00:20:30,359 Speaker 1: things are are First, a nation, like I said, I 375 00:20:30,400 --> 00:20:33,080 Speaker 1: can only keep two of these three policies at the 376 00:20:33,119 --> 00:20:35,600 Speaker 1: same time. So the first is a managed or a 377 00:20:35,760 --> 00:20:41,960 Speaker 1: fixed currency, um. The second is managing the interest rates, 378 00:20:42,920 --> 00:20:46,040 Speaker 1: and the third is free capital flowing in and out 379 00:20:46,040 --> 00:20:48,160 Speaker 1: with other nations. All right, So let me break those 380 00:20:48,200 --> 00:20:52,240 Speaker 1: down for you. So the first is uh is uh 381 00:20:52,400 --> 00:20:56,879 Speaker 1: the fixed currency. So you know nations uh, they're forced 382 00:20:56,880 --> 00:21:00,199 Speaker 1: to choose, right, they can have the good stuff that 383 00:21:00,320 --> 00:21:03,000 Speaker 1: evens out the economy. So it's the fixed currency and 384 00:21:03,320 --> 00:21:06,000 Speaker 1: managing interest rates. And so that's what you know, like 385 00:21:06,040 --> 00:21:08,560 Speaker 1: the United States or China does, right, They manage the 386 00:21:08,600 --> 00:21:11,440 Speaker 1: amount of money in the system. They try to manage 387 00:21:11,440 --> 00:21:16,040 Speaker 1: the currency the strength. You hear about nations um devaluing 388 00:21:16,080 --> 00:21:19,400 Speaker 1: their currencies against each other, right, And so they manage 389 00:21:19,440 --> 00:21:21,719 Speaker 1: the strength of their currency. Where they do that by 390 00:21:21,840 --> 00:21:24,680 Speaker 1: the amount of the currency that they produce, and they 391 00:21:24,760 --> 00:21:27,040 Speaker 1: also do it with interest rates. So in the United 392 00:21:27,080 --> 00:21:30,520 Speaker 1: States they've pushed interest rates down to basically zero. Most 393 00:21:30,560 --> 00:21:32,920 Speaker 1: of the other nations are at zero or even negative 394 00:21:32,920 --> 00:21:35,400 Speaker 1: at this point, um. And they do that. So they 395 00:21:35,440 --> 00:21:38,240 Speaker 1: manage the currency, they manage the interest rates. But then 396 00:21:38,920 --> 00:21:41,880 Speaker 1: the third pieces the free flowing capital in and out 397 00:21:41,880 --> 00:21:45,320 Speaker 1: of the country. And so any nation once money coming 398 00:21:45,440 --> 00:21:48,840 Speaker 1: in in, right, they want investment capital coming into the nation. 399 00:21:49,240 --> 00:21:52,399 Speaker 1: They want other nations to buy their debt by their bonds, 400 00:21:52,480 --> 00:21:56,080 Speaker 1: loan them money, etcetera. All right, but the problem is 401 00:21:56,520 --> 00:22:00,639 Speaker 1: the try lima. At some point those policy he's become 402 00:22:00,760 --> 00:22:03,359 Speaker 1: at odds with each other. And so let me give 403 00:22:03,359 --> 00:22:08,040 Speaker 1: you an example. When currency valuations or interest rates get 404 00:22:08,040 --> 00:22:12,840 Speaker 1: out of whack um. So, for example, interest rates go negative. 405 00:22:12,920 --> 00:22:16,359 Speaker 1: About half of the world's bonds right now are negative yielding, 406 00:22:16,440 --> 00:22:19,240 Speaker 1: meaning meeting when you loan the money, instead of getting 407 00:22:19,280 --> 00:22:22,520 Speaker 1: interest back, you're actually paying them tomorrow um. And so 408 00:22:22,560 --> 00:22:25,080 Speaker 1: what that means is that when when that happens, guess what, 409 00:22:25,240 --> 00:22:27,159 Speaker 1: I don't want to put my money in that country. 410 00:22:27,240 --> 00:22:30,720 Speaker 1: So the money leaves, it starts to flow out of 411 00:22:30,760 --> 00:22:33,760 Speaker 1: that economy. But what happens when that happens, when all 412 00:22:33,800 --> 00:22:37,200 Speaker 1: the capital starts leaving the country, it sends the country 413 00:22:37,240 --> 00:22:40,639 Speaker 1: into what we'd call a death spiral. All right, And 414 00:22:40,680 --> 00:22:43,040 Speaker 1: We've seen this many times and looking at Asia and 415 00:22:43,080 --> 00:22:47,720 Speaker 1: the perfect example of that. But but the Chinese they 416 00:22:47,720 --> 00:22:49,600 Speaker 1: want it all, and so does the United States, and 417 00:22:49,640 --> 00:22:51,560 Speaker 1: so does the ECB. In every other country they want 418 00:22:51,560 --> 00:22:53,760 Speaker 1: it all, but of course per the try limit, they 419 00:22:53,800 --> 00:22:57,320 Speaker 1: can't have it. And so they want to manage their 420 00:22:57,320 --> 00:22:59,080 Speaker 1: currency in the interest rates. They want to keep a 421 00:22:59,160 --> 00:23:01,720 Speaker 1: grip on that, but they don't want the capital to 422 00:23:01,800 --> 00:23:06,440 Speaker 1: flow away. But that causes friction on the economy because 423 00:23:06,520 --> 00:23:11,080 Speaker 1: people myself, businesses, they're always going to try to maximize 424 00:23:11,080 --> 00:23:13,800 Speaker 1: our wealth. And so if if I'm stuck in a 425 00:23:13,840 --> 00:23:18,159 Speaker 1: currency that's losing value really quickly, like for example, the 426 00:23:18,440 --> 00:23:23,359 Speaker 1: US dollar lost over twenty five percent of it's purchasing 427 00:23:23,359 --> 00:23:25,440 Speaker 1: power last year. That means if you had a hundred 428 00:23:25,440 --> 00:23:27,120 Speaker 1: thousand dollars in the bank account last year, it buys 429 00:23:27,119 --> 00:23:30,840 Speaker 1: about seventy five thousand dollars worth of goods today. We'll shoot. 430 00:23:31,119 --> 00:23:33,600 Speaker 1: That doesn't sound very good, does it, which is why 431 00:23:33,680 --> 00:23:36,520 Speaker 1: people are rushing to buy other things now. If you're 432 00:23:36,520 --> 00:23:39,800 Speaker 1: in countries that have massive inflation like Lebanon for example, 433 00:23:39,840 --> 00:23:44,720 Speaker 1: that saw about pent inflation in a year, or Venezuela, 434 00:23:44,760 --> 00:23:48,800 Speaker 1: let's see inflation year you're trying to get out of 435 00:23:48,840 --> 00:23:51,480 Speaker 1: that currency and move into another currency. I don't want 436 00:23:51,480 --> 00:23:54,960 Speaker 1: to hold the Lebanon or the Venezuelan currency. All move 437 00:23:55,000 --> 00:23:58,639 Speaker 1: into the US dollar currency, right because that's not losing value. 438 00:24:00,280 --> 00:24:02,760 Speaker 1: But the more they do that, the more it crashes 439 00:24:02,800 --> 00:24:06,840 Speaker 1: the economy. So what do they do. Well, what they 440 00:24:06,880 --> 00:24:09,240 Speaker 1: do is they make it where it's impossible for you 441 00:24:09,280 --> 00:24:11,120 Speaker 1: to move your money out of the currency. It's what's 442 00:24:11,160 --> 00:24:13,520 Speaker 1: called capital controls. It's kind of the final stage that 443 00:24:13,560 --> 00:24:16,000 Speaker 1: any empire would have UM and they would do that. 444 00:24:16,080 --> 00:24:22,080 Speaker 1: And so if they can ban cryptocurrency, they can remove 445 00:24:22,119 --> 00:24:25,000 Speaker 1: away for people to get out of the Chinese currency. 446 00:24:25,160 --> 00:24:29,399 Speaker 1: That makes sense, That's exactly what's happening, uh in China. 447 00:24:29,440 --> 00:24:31,560 Speaker 1: Of course it's not easy to move into other currencies, 448 00:24:31,600 --> 00:24:33,440 Speaker 1: but people have been able to at least move into 449 00:24:33,480 --> 00:24:36,680 Speaker 1: bitcoin and cryptocurrencies, and so China doesn't want that. They 450 00:24:36,720 --> 00:24:40,000 Speaker 1: do not want an escape valve, an escape hap to 451 00:24:40,200 --> 00:24:41,959 Speaker 1: a life raft, whatever you want to call. They want 452 00:24:42,000 --> 00:24:44,920 Speaker 1: to keep people trapped in there. Now. It's also no 453 00:24:45,000 --> 00:24:48,440 Speaker 1: coincidence that China at the same time is rolling out 454 00:24:48,520 --> 00:24:51,600 Speaker 1: their own what we call central bank digital currency a 455 00:24:51,680 --> 00:24:54,919 Speaker 1: cbdc UM. They're calling an e c n Y a 456 00:24:54,960 --> 00:24:58,520 Speaker 1: digital renibby, And basically they're rolling this out there are 457 00:24:58,560 --> 00:25:00,199 Speaker 1: going to be the first nation in the world to 458 00:25:00,320 --> 00:25:03,880 Speaker 1: have their own central bank digital currency. Of course it's 459 00:25:03,880 --> 00:25:06,880 Speaker 1: controlled by the People's Bank of China. And they're gonna say, well, 460 00:25:06,920 --> 00:25:11,600 Speaker 1: it's just like bitcoin, it's just like cryptocurrencies, but it's 461 00:25:11,640 --> 00:25:17,119 Speaker 1: without all the risks. Well, what risks the risk to 462 00:25:17,200 --> 00:25:20,920 Speaker 1: the financial system, right, and so you can understand per 463 00:25:20,960 --> 00:25:25,080 Speaker 1: this trilemma. If they manipulate the currency and the interest rates, 464 00:25:25,080 --> 00:25:27,040 Speaker 1: then it's going to force people out of the currency 465 00:25:27,080 --> 00:25:30,439 Speaker 1: and and and stop flows in. And so I'll just 466 00:25:30,480 --> 00:25:33,080 Speaker 1: ask you, does the country that you're in, which I'm 467 00:25:33,080 --> 00:25:35,199 Speaker 1: guessing at this point you're listening from the United States, 468 00:25:36,000 --> 00:25:37,719 Speaker 1: and we have the United States Federal Reserve, do they 469 00:25:37,720 --> 00:25:41,320 Speaker 1: face the same problem. Well, let's see, they've added about 470 00:25:41,320 --> 00:25:43,560 Speaker 1: eight trillion dollars in the last year. They've pushed interest 471 00:25:43,600 --> 00:25:47,760 Speaker 1: rates to zero. And if people start moving their money 472 00:25:47,800 --> 00:25:51,840 Speaker 1: into different types of assets or currencies, then they'll find 473 00:25:52,040 --> 00:25:56,480 Speaker 1: themselves in the same problem. Right, If a lot of 474 00:25:56,480 --> 00:25:59,280 Speaker 1: people move, they got a problem on their hands, which, 475 00:25:59,320 --> 00:26:03,560 Speaker 1: of course is the point, right, it is the point. 476 00:26:03,680 --> 00:26:06,680 Speaker 1: We're not gonna get super deep into that. But understanding that, 477 00:26:07,080 --> 00:26:09,760 Speaker 1: then going back to this quote from China, you understand 478 00:26:09,840 --> 00:26:14,200 Speaker 1: what they're saying in order to safeguard or maintain economic 479 00:26:14,240 --> 00:26:17,399 Speaker 1: and financial and social order. So what China saying is 480 00:26:17,440 --> 00:26:21,560 Speaker 1: if everybody leaves our Chinese dollar and goes into cryptocurrencies, 481 00:26:21,840 --> 00:26:25,120 Speaker 1: it's going to disrupt social order because without our ability 482 00:26:25,200 --> 00:26:30,080 Speaker 1: to manipulate the monetary supply and manipulate people's behavior, then 483 00:26:30,160 --> 00:26:34,560 Speaker 1: we'll lose control over the financial and social order. And 484 00:26:34,600 --> 00:26:38,840 Speaker 1: so now you understand what that means. Um. Now that 485 00:26:38,920 --> 00:26:41,600 Speaker 1: you understand what that means, and you understand what countries 486 00:26:41,640 --> 00:26:44,760 Speaker 1: that you may be in that could cause bigger risk, 487 00:26:46,440 --> 00:26:49,280 Speaker 1: now let's look at the upside, right, Let's see what 488 00:26:49,520 --> 00:26:54,119 Speaker 1: the opportunities are for the US and for other people 489 00:26:54,200 --> 00:26:57,040 Speaker 1: as well, because, like I said, this is times of 490 00:26:57,040 --> 00:27:01,120 Speaker 1: alatility like this, um, Well, for some people that aren't 491 00:27:01,119 --> 00:27:03,520 Speaker 1: paying attention, it ends up it could be the biggest 492 00:27:03,680 --> 00:27:05,800 Speaker 1: disaster of their life. But for those that are paying 493 00:27:05,800 --> 00:27:09,000 Speaker 1: attention and even better position for it, it's the largest 494 00:27:09,040 --> 00:27:11,520 Speaker 1: opportunity of their life. And so I want to tell 495 00:27:11,560 --> 00:27:14,880 Speaker 1: you about that opportunity and more importantly, how to position 496 00:27:15,119 --> 00:27:17,680 Speaker 1: for that, which we will as soon as I come back. 497 00:27:17,760 --> 00:27:20,480 Speaker 1: Remember you are listening to the Mark Moss Show, and 498 00:27:20,520 --> 00:27:23,119 Speaker 1: I'll be back in just a second. All right, you 499 00:27:23,119 --> 00:27:26,600 Speaker 1: are back with the brand new Mark Moss Show, where 500 00:27:26,640 --> 00:27:29,680 Speaker 1: I am bringing to you each and every week, literally 501 00:27:30,040 --> 00:27:34,000 Speaker 1: the biggest opportunity of your life, and not just your life, 502 00:27:34,000 --> 00:27:36,320 Speaker 1: not just my life. I'm talking about multiple generations and 503 00:27:36,359 --> 00:27:41,280 Speaker 1: of course I am talking about the technological revolution of bitcoin, 504 00:27:41,720 --> 00:27:47,919 Speaker 1: of decentralization of cryptocurrencies, and as I've been saying, it 505 00:27:48,040 --> 00:27:50,480 Speaker 1: is the biggest asymmetric opportunity of our life. We have 506 00:27:50,520 --> 00:27:52,760 Speaker 1: more upside than downside, and you get that by having 507 00:27:52,880 --> 00:27:55,399 Speaker 1: a symmetric information, which is what I'm gonna bring to 508 00:27:55,440 --> 00:27:58,400 Speaker 1: you each and every week. So make sure you have bookmarked. Uh, 509 00:27:58,520 --> 00:28:00,919 Speaker 1: put a put a put a time, a date on 510 00:28:01,000 --> 00:28:03,919 Speaker 1: your calendar right now while you're listening for the station 511 00:28:03,960 --> 00:28:07,479 Speaker 1: that it's on. All Right. The other thing, Uh, this 512 00:28:07,560 --> 00:28:09,239 Speaker 1: is a brand new show and I'm gonna bring you 513 00:28:09,400 --> 00:28:12,879 Speaker 1: so much value. It's going to change your life. And 514 00:28:12,920 --> 00:28:15,480 Speaker 1: what I'd love is if you tweet at me, Um, 515 00:28:15,480 --> 00:28:18,400 Speaker 1: I'm the number one. Mark Moss is the numeral one. 516 00:28:18,520 --> 00:28:20,600 Speaker 1: Mark Moss sent me a tweet, And if you ask 517 00:28:20,640 --> 00:28:23,399 Speaker 1: me a question, put hashtag Mark Moss Show and I 518 00:28:23,440 --> 00:28:27,120 Speaker 1: will answer your question on the radio on the next show. 519 00:28:27,119 --> 00:28:29,239 Speaker 1: All right, So I'd love to interact you. I'd love 520 00:28:29,240 --> 00:28:30,480 Speaker 1: to answer your questions. I want to know what you 521 00:28:30,480 --> 00:28:32,199 Speaker 1: want to hear about, because I want to bring you 522 00:28:32,240 --> 00:28:33,959 Speaker 1: the things you want to hear about. It's not about me, 523 00:28:34,000 --> 00:28:36,480 Speaker 1: it's about you, all right. I want to tell you 524 00:28:36,520 --> 00:28:37,800 Speaker 1: what I wish I could hear if I was on 525 00:28:37,840 --> 00:28:39,720 Speaker 1: the other side of table. Now back to where we 526 00:28:39,720 --> 00:28:44,240 Speaker 1: were talking about, um, you know, China band it again, 527 00:28:45,640 --> 00:28:48,160 Speaker 1: why they're not really able to shut it down. We 528 00:28:48,280 --> 00:28:53,160 Speaker 1: talked about why they need to shut this down, um, 529 00:28:53,200 --> 00:28:55,880 Speaker 1: and why other countries may need to shut this down 530 00:28:55,880 --> 00:28:58,440 Speaker 1: as well. I introduced the try limma to you, and 531 00:28:58,480 --> 00:29:01,200 Speaker 1: I explained to you what that try lima was. Now 532 00:29:01,280 --> 00:29:04,560 Speaker 1: jumping back into it, past the trilemma, I want to 533 00:29:04,600 --> 00:29:07,640 Speaker 1: explain to you what the opportunity is. And so China 534 00:29:07,720 --> 00:29:12,200 Speaker 1: has basically kicked all bitcoin mining and has now banned 535 00:29:12,240 --> 00:29:16,240 Speaker 1: all its people from participating in bitcoin and cryptocurrencies. Now, 536 00:29:16,320 --> 00:29:20,000 Speaker 1: a country cannot stop bitcoin. You can't stop it now. 537 00:29:20,040 --> 00:29:22,720 Speaker 1: Most countries know this. Many of the lawmakers in the 538 00:29:22,800 --> 00:29:26,840 Speaker 1: United States know this. They can't stop it. They can't 539 00:29:26,840 --> 00:29:30,080 Speaker 1: shut it down. The only thing they can do is 540 00:29:30,400 --> 00:29:33,560 Speaker 1: make it illegal for their own people, their own citizens, 541 00:29:33,600 --> 00:29:36,040 Speaker 1: to participate in so they can say, hey, if we 542 00:29:36,160 --> 00:29:37,840 Speaker 1: catch you, we'll put you in prison for life or 543 00:29:37,840 --> 00:29:40,640 Speaker 1: something like that. But they can't stop it. And so 544 00:29:40,760 --> 00:29:44,280 Speaker 1: really what they're doing is they're just preventing their people 545 00:29:44,880 --> 00:29:49,040 Speaker 1: from having this opportunity, and it just moves to what 546 00:29:49,120 --> 00:29:51,560 Speaker 1: I call the free part of the world right and 547 00:29:51,600 --> 00:29:54,080 Speaker 1: so UM for the it's a little bit of game 548 00:29:54,120 --> 00:29:56,560 Speaker 1: theory where if a few countries want to shut it down, 549 00:29:56,600 --> 00:29:59,480 Speaker 1: the countries that adopted are going to have this competitive advantage. 550 00:29:59,520 --> 00:30:04,120 Speaker 1: And so right now is this opportunity for the entire 551 00:30:04,200 --> 00:30:08,320 Speaker 1: United States. UM. China has just kicked all the mining out, 552 00:30:08,480 --> 00:30:11,480 Speaker 1: and where the majority of that mining, the computer processing 553 00:30:11,600 --> 00:30:16,280 Speaker 1: power has gone has been to the United States. Texas 554 00:30:16,320 --> 00:30:18,840 Speaker 1: has been one of the biggest beneficiaries of that. UM. 555 00:30:18,840 --> 00:30:21,959 Speaker 1: Texas has of course the oil industry, the energy industry, 556 00:30:22,040 --> 00:30:26,280 Speaker 1: so not just oil, but natural gas, etcetera. More energy 557 00:30:26,320 --> 00:30:28,720 Speaker 1: than they know what to do with, and they are 558 00:30:28,760 --> 00:30:31,680 Speaker 1: able to now take this natural gas that's being right 559 00:30:31,680 --> 00:30:35,360 Speaker 1: now at this moment completely wasted, literally wasted, literally being 560 00:30:36,040 --> 00:30:39,000 Speaker 1: m vented off into the atmosphere or flamed off. They 561 00:30:39,000 --> 00:30:42,600 Speaker 1: burn it and they can take that trash and turn 562 00:30:42,640 --> 00:30:45,480 Speaker 1: into treasure. They can take that trash, that natural gas, 563 00:30:45,520 --> 00:30:48,440 Speaker 1: and they can convert it into energy, into electricity that 564 00:30:48,480 --> 00:30:51,280 Speaker 1: can power the bitcoin network. And so that's why so 565 00:30:51,360 --> 00:30:53,720 Speaker 1: much of this that's left China has come to the 566 00:30:53,760 --> 00:30:56,760 Speaker 1: United States and specifically Texas. And so this is a 567 00:30:56,800 --> 00:31:01,120 Speaker 1: massive opportunity for the United States to come out ahead 568 00:31:01,160 --> 00:31:03,800 Speaker 1: on this UM. This is uh, you know, an order 569 00:31:03,840 --> 00:31:07,400 Speaker 1: of national security, right, I mean, throughout the beginning of 570 00:31:07,440 --> 00:31:12,960 Speaker 1: time UM nations really had the you know, the nations 571 00:31:13,000 --> 00:31:16,720 Speaker 1: that had natural resources were the ones that really came 572 00:31:16,760 --> 00:31:19,920 Speaker 1: out ahead, right if they had gold, if they had oil, etcetera. 573 00:31:20,440 --> 00:31:22,680 Speaker 1: And now energy is one of those things. And having 574 00:31:22,720 --> 00:31:26,080 Speaker 1: the ability to mind bitcoin is a big opportunity, and 575 00:31:26,120 --> 00:31:28,680 Speaker 1: not just for the country, but also for the people 576 00:31:29,000 --> 00:31:31,800 Speaker 1: of the United States as well. And so which way 577 00:31:31,840 --> 00:31:34,040 Speaker 1: will the United States go? We'll have to wait and 578 00:31:34,080 --> 00:31:38,000 Speaker 1: see my opinion. And I've done several videos on this topic, 579 00:31:38,000 --> 00:31:42,680 Speaker 1: specifically on my YouTube channel UM talking about how one 580 00:31:42,880 --> 00:31:45,960 Speaker 1: why the US would not want to why it would 581 00:31:45,960 --> 00:31:48,800 Speaker 1: really hurt the United States if they made it illegal UM. 582 00:31:48,880 --> 00:31:51,120 Speaker 1: And even more importantly, how they couldn't do it even 583 00:31:51,160 --> 00:31:54,880 Speaker 1: if they tried. UM. And so I think or maybe 584 00:31:55,000 --> 00:31:59,120 Speaker 1: I'm hopeful, but I think I'm hopeful that I think 585 00:31:59,120 --> 00:32:02,120 Speaker 1: that the United States seize this opportunity. I know there's 586 00:32:02,160 --> 00:32:04,800 Speaker 1: at least a few dozen lawmakers in the government in 587 00:32:04,800 --> 00:32:07,560 Speaker 1: the United States right now that understand this, uh, this 588 00:32:07,640 --> 00:32:12,840 Speaker 1: opportunity that's available, and they want to jump on this. UM. Now, 589 00:32:12,960 --> 00:32:14,560 Speaker 1: by the way, you're listening to the Mark Maas Show, 590 00:32:14,600 --> 00:32:17,000 Speaker 1: brand new show. I'm gonna bring to you the latest 591 00:32:17,080 --> 00:32:21,360 Speaker 1: information on bitcoin and cryptocurrencies in the decentralized Revolution each 592 00:32:21,360 --> 00:32:24,160 Speaker 1: and every week, so I give you the asymmetric information 593 00:32:24,280 --> 00:32:28,000 Speaker 1: you need to have the asymmetric opportunity now. UM, if 594 00:32:28,000 --> 00:32:30,600 Speaker 1: you're not following me on Twitter, send me a tweet 595 00:32:30,760 --> 00:32:33,720 Speaker 1: one Mark Moss at me there, ask me a question 596 00:32:34,000 --> 00:32:35,680 Speaker 1: and I will make sure to answer it on my 597 00:32:35,720 --> 00:32:38,960 Speaker 1: next show. All right now, UM. On top of this 598 00:32:39,040 --> 00:32:42,800 Speaker 1: opportunity that we have, UM, right, UM, or the United 599 00:32:42,800 --> 00:32:45,760 Speaker 1: States could have, they could really come up with China 600 00:32:45,840 --> 00:32:49,120 Speaker 1: kicking it out UM. But at the same time they 601 00:32:49,160 --> 00:32:51,640 Speaker 1: could not write and the United States also is faced 602 00:32:51,640 --> 00:32:54,480 Speaker 1: with the same try Lemma, the China is and so 603 00:32:54,680 --> 00:32:57,080 Speaker 1: what will they do in regards to that? Try Lemma. Now, 604 00:32:57,120 --> 00:32:59,280 Speaker 1: they could try to regulate it out of existence. Again, 605 00:32:59,280 --> 00:33:00,840 Speaker 1: they can't shut it down own, but they could make 606 00:33:00,880 --> 00:33:04,480 Speaker 1: it very difficult or impossible for the American people to 607 00:33:04,520 --> 00:33:08,200 Speaker 1: participate in it. UM this week was something interesting. Um 608 00:33:08,280 --> 00:33:14,800 Speaker 1: the uh I'll call him maybe infamous, the infamous leader 609 00:33:14,920 --> 00:33:17,600 Speaker 1: of Tesla. I'm talking about Elon Musk. I'm not sure 610 00:33:17,640 --> 00:33:20,880 Speaker 1: if he's famous or infamous or whatever. You make up 611 00:33:20,880 --> 00:33:24,440 Speaker 1: your own mind on that, but um, he's he's pretty outspoken, 612 00:33:24,520 --> 00:33:26,720 Speaker 1: to say the least. I think his Twitter account as 613 00:33:26,760 --> 00:33:30,440 Speaker 1: I don't know, forty million followers, so he's he's pretty 614 00:33:30,440 --> 00:33:32,520 Speaker 1: well known in that space. And you know, he's been 615 00:33:32,520 --> 00:33:37,760 Speaker 1: pretty outspoken in the cryptocurrency space overall. And you know, 616 00:33:40,160 --> 00:33:42,840 Speaker 1: I'm not a super big fan. I think he's been 617 00:33:43,160 --> 00:33:48,240 Speaker 1: saying some things without all the education, and he should 618 00:33:48,320 --> 00:33:50,960 Speaker 1: probably know that he moves markets and might try to 619 00:33:50,960 --> 00:33:54,440 Speaker 1: be a little more responsible. That being said, he was 620 00:33:54,560 --> 00:33:59,320 Speaker 1: interviewed this week UM with Kara Swisher for the invite 621 00:33:59,360 --> 00:34:04,760 Speaker 1: only Code conference in Beverly Hills, California, and during that conversation, 622 00:34:04,840 --> 00:34:10,160 Speaker 1: Elon Musk argued that global governments should steer clear of 623 00:34:10,200 --> 00:34:14,080 Speaker 1: trying to regulate bitcoin and cryptocurrencies. He said, quote it 624 00:34:14,200 --> 00:34:18,320 Speaker 1: is not possible to I think, destroy crypto, but it 625 00:34:18,400 --> 00:34:23,600 Speaker 1: is possible for governments to slow down its advancement end quote. 626 00:34:24,160 --> 00:34:26,759 Speaker 1: And so what he's saying there is uh And and 627 00:34:26,760 --> 00:34:28,839 Speaker 1: then he went on to say they asked him whether 628 00:34:28,880 --> 00:34:31,360 Speaker 1: the US government should be involved in bitcoin and crypto regulation. 629 00:34:31,440 --> 00:34:36,360 Speaker 1: Must responded, quote, I would say do nothing. End quote. 630 00:34:36,560 --> 00:34:39,640 Speaker 1: And the reason why is we need innovation. If the 631 00:34:39,719 --> 00:34:42,400 Speaker 1: right brothers who invented the airplane, by the way, if 632 00:34:42,440 --> 00:34:45,640 Speaker 1: the right brothers had to go ask permission if they 633 00:34:45,680 --> 00:34:49,040 Speaker 1: could try to invent an airplane, it never would have happened. 634 00:34:49,400 --> 00:34:52,719 Speaker 1: Innovation needs to move in a way that it can 635 00:34:52,760 --> 00:34:55,840 Speaker 1: grow without that. The Internet, for example, would have never 636 00:34:55,880 --> 00:34:59,920 Speaker 1: survived if it hadn't been for the government actually passing 637 00:35:00,120 --> 00:35:03,560 Speaker 1: laws to prevent liability to allow it to grow. And 638 00:35:03,640 --> 00:35:06,759 Speaker 1: so this innovation will only stifle the growth. Now in 639 00:35:06,880 --> 00:35:09,080 Speaker 1: China's case, that's what they want as a matter of fact. 640 00:35:09,120 --> 00:35:12,720 Speaker 1: Christine Lagarde from the e c B the UM European 641 00:35:12,719 --> 00:35:17,319 Speaker 1: Central Bank, she said, quoting her quote, UM innovation threatens 642 00:35:17,400 --> 00:35:21,560 Speaker 1: our financial stability, Well, doesn't it? Doesn't threatens financial stability, 643 00:35:21,560 --> 00:35:25,439 Speaker 1: it threatens their financial monopoly. Um but pearly on Musk, 644 00:35:25,480 --> 00:35:29,680 Speaker 1: I would agree, let innovation happen. We need innovation. It's 645 00:35:29,719 --> 00:35:33,640 Speaker 1: that important. And so I definitely would agree with um 646 00:35:33,840 --> 00:35:37,920 Speaker 1: elon Musk on that one. China is going the other way. 647 00:35:37,960 --> 00:35:42,240 Speaker 1: I think the US will be on the open side. 648 00:35:42,239 --> 00:35:44,160 Speaker 1: I hope. So it still is America the land of 649 00:35:44,200 --> 00:35:46,560 Speaker 1: the Free, and I hope that is the case that 650 00:35:46,680 --> 00:35:49,640 Speaker 1: they take. But remember, like I said, at first they 651 00:35:49,760 --> 00:35:51,920 Speaker 1: laugh at you, then or they ignore you. Then they 652 00:35:51,960 --> 00:35:54,440 Speaker 1: laugh at you, then they fight you, and then eventually 653 00:35:54,640 --> 00:35:58,040 Speaker 1: they join you. We've seen countries like El Savador now 654 00:35:58,120 --> 00:36:01,560 Speaker 1: announce it as legal tender. All right, So you're listening 655 00:36:01,560 --> 00:36:03,200 Speaker 1: to the Mark Mos Show where I talk about bitcoin, 656 00:36:03,239 --> 00:36:07,160 Speaker 1: cryptocurrencies and the biggest opportunity you'll ever have in your lifetime. 657 00:36:08,120 --> 00:36:10,040 Speaker 1: I got a couple of friends coming on. I'm gonna 658 00:36:10,080 --> 00:36:11,759 Speaker 1: bring some friends on. We're gonna talk about some other 659 00:36:11,840 --> 00:36:14,560 Speaker 1: news that's happening. So you're in the you're aware of 660 00:36:14,600 --> 00:36:16,600 Speaker 1: what's happening. We're gonna discuss these. You get a little 661 00:36:16,640 --> 00:36:18,759 Speaker 1: bit more insight than just me some fun discussion. It's 662 00:36:18,760 --> 00:36:22,000 Speaker 1: gonna be really fun um and so I'd love to 663 00:36:22,080 --> 00:36:24,600 Speaker 1: see what they have to say. Um, bring this latest 664 00:36:24,600 --> 00:36:26,879 Speaker 1: news to you. So I'm gonna be right back. Stay 665 00:36:26,880 --> 00:36:29,600 Speaker 1: tuned with the Mark Moss Show and I'll be back 666 00:36:29,640 --> 00:36:30,440 Speaker 1: in just a second