WEBVTT - The Mark Moss Show Feb 07, 2022

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<v Speaker 1>All right, welcome back to another episode of the Mark

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<v Speaker 1>Moss Show where we talk about bitcoin, bitcoin, bitcoin, bitcoin,

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<v Speaker 1>and you know, other things as well, mainly talking about

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<v Speaker 1>the decentralized revolution and the way that the world is changing.

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<v Speaker 1>And I'm trying to help you put things into context

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<v Speaker 1>because the world seems crazy. At the financial markets on

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<v Speaker 1>the ready to melt down. You know, the Federal Reserve

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<v Speaker 1>is threatening to pull all the money back out after

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<v Speaker 1>the pumping in full of liquidity. We got politics are

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<v Speaker 1>getting crazy. We see the White Houses now turning against China.

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<v Speaker 1>We have wars in Ukraine that are potentially happening, and

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<v Speaker 1>all the while, what the heck is going on? And

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<v Speaker 1>more importantly, what is underneath all of this that's causing

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<v Speaker 1>this change, And of course that is the decentralized revolution.

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<v Speaker 1>The world is changing and if you don't understand it,

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<v Speaker 1>it could be devastating for you. But if you do

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<v Speaker 1>and you position yourself right, could be the biggest opportunity

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<v Speaker 1>of your life. And that's why you should be listening

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<v Speaker 1>to me each and every week. So if you haven't

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<v Speaker 1>already and you're not driving, pull up your phone, put

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<v Speaker 1>a reminder, make sure you're here with me. Each and

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<v Speaker 1>every week on this time at this channel. All Right,

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<v Speaker 1>it's gonna be the most important and the most profitable

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<v Speaker 1>part of your week. Now. I try to bring you

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<v Speaker 1>some education to help really build the foundation as you

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<v Speaker 1>understand what is going on, because I found out the

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<v Speaker 1>hard way back in two thou eight there was a

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<v Speaker 1>piece of my education that was missing and it cost

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<v Speaker 1>me dearly. So you gotta have the education. I bring

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<v Speaker 1>you the latest breaking news so you can keep up

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<v Speaker 1>on what is going on. And then I try to

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<v Speaker 1>bring you some important people and guests so you can

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<v Speaker 1>have some different insights. Um and I just have to

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<v Speaker 1>hear my point of view all the time. Anyway, Uh,

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<v Speaker 1>tune in each and every week, don't miss it. It's

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<v Speaker 1>the most important part of your week. And today I

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<v Speaker 1>am in the studio with Jessica Vaughan. She's back in

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<v Speaker 1>the studio with me again. Hey, Jessica, all right, thanks

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<v Speaker 1>for having me. Yeah. I always love here in your perspective.

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<v Speaker 1>And I want to talk about some of these news

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<v Speaker 1>headlines that are happening because every week there is just

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<v Speaker 1>so much going on in the space. And one story

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<v Speaker 1>in particular had caught my eye. I'm not sure if

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<v Speaker 1>you saw it or not, but um, it's a story

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<v Speaker 1>about Kanye West. Did you see this new story about

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<v Speaker 1>Kanye West. Um, everybody wants to know when n f T.

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<v Speaker 1>It's like the hottest thing going right now. N f T,

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<v Speaker 1>n f T n f T. And uh, I think

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<v Speaker 1>it was last week Paris Hilton came out and launched

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<v Speaker 1>some new n f T thing. Did you see that. Yeah,

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<v Speaker 1>I remember how she made her bitcoin insurance and then

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<v Speaker 1>it was all just a segue to n f T hood. Yeah,

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<v Speaker 1>And so like everybody's jumping on the bandwagon. Tom Brady

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<v Speaker 1>came into bitcoin. The next thing, you know, he's got

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<v Speaker 1>an n f T go on, and uh, you know,

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<v Speaker 1>I'm not mad about that. Um. People got collectibles. Um,

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<v Speaker 1>people have been buying baseball cards and stamps and coins forever.

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<v Speaker 1>And if you want to buy a collectible n f T,

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<v Speaker 1>more power to you. You know. UM, I know, uh,

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<v Speaker 1>some of your M M A fans have done some

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<v Speaker 1>n f T s and you've been uh, you know,

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<v Speaker 1>it's been pretty cool. I guess if you want on

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<v Speaker 1>that art. Um, but I saw Kanye West came out

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<v Speaker 1>and he said, quote, my focus is on building real

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<v Speaker 1>products in the real world end quote, which was pretty cool,

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<v Speaker 1>I thought, because you know, basically we have this uh metaverse, metaverse,

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<v Speaker 1>metaverse we have you know, Facebook changed his name to

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<v Speaker 1>the meta and uh, everything's in the meta We've seen

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<v Speaker 1>Adidas and under arm are these big brands are starting

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<v Speaker 1>to build out in the metaverse. Everybody wants to push

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<v Speaker 1>us into this world where we live under virtual reality.

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<v Speaker 1>UM and Kanye as a I think you call him

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<v Speaker 1>easy Oh yeah, yeah, yeah, so he said he put

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<v Speaker 1>this on I think on Twitter or Instagram and here

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<v Speaker 1>here's the full the full thing. He said, UM quote,

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<v Speaker 1>stop asking me to do n f T s. I'm

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<v Speaker 1>not finn a co sign So that I believe that

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<v Speaker 1>was in response to he us um filmed talking to

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<v Speaker 1>a paparazzi basically pitching them on the idea of cooperating

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<v Speaker 1>with celebrities UM as far as using the paparazzi footage

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<v Speaker 1>to sell n f T is because he's like, you

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<v Speaker 1>guys just harass us. Why would we Why don't we

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<v Speaker 1>find a way to be more cooperative? And then he

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<v Speaker 1>said something and about you know, like an n f

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<v Speaker 1>T type of thing. So so a paparazzi was like

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<v Speaker 1>trying to take photos or videos and then said something

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<v Speaker 1>like maybe propositioned them, like, hey, you could turn some

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<v Speaker 1>of this into an n f T or something like that. Well,

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<v Speaker 1>celebrities still want to have a good pr relationships with

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<v Speaker 1>even you know, these people that come and photograph them

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<v Speaker 1>against their will at the airport, that type of things.

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<v Speaker 1>So he's been having He's been recorded having some rather

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<v Speaker 1>interesting types of conversations with people. I don't know if

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<v Speaker 1>you saw the one about Kanye West where um, the

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<v Speaker 1>paparazzi was going to get his his car toad outside

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<v Speaker 1>and so he was trying to tell the partner to

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<v Speaker 1>the the to the to paparazzi. So the other one, hey,

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<v Speaker 1>like he's rolling, why don't you go save his car?

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<v Speaker 1>And but they don't have any cooperative type of elements.

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<v Speaker 1>So he's always like guiding and instructing people in these

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<v Speaker 1>strange situations. Okay, yeah, so thanks for providing that context

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<v Speaker 1>because I didn't know, but I guess it was the

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<v Speaker 1>second part that I that kind of caught my eye,

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<v Speaker 1>and he said, I'm not Finna co sign dot dot

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<v Speaker 1>dot for now. I'm not on that wave. I make

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<v Speaker 1>music and products in the real world, and um, yeah,

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<v Speaker 1>I don't know, it's just uh, I liked it. I

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<v Speaker 1>thought it was refreshing. Um, everyone's trying to make all

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<v Speaker 1>this virtual stuff, but like we still live in the

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<v Speaker 1>real world. It aligns with his usual takes these days,

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<v Speaker 1>which are always quite refreshing for somebody and entertainment. Yeah. So, um,

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<v Speaker 1>I mean, and it's interesting because you know, we see

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<v Speaker 1>all these celebrities who have cashed in on this big time,

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<v Speaker 1>um Justin Bieber as a whole collection of n f

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<v Speaker 1>T s. Um we say, uh, like I said, Paris Hilton, Um,

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<v Speaker 1>even Jimmy Fallon from TV has n f T s

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<v Speaker 1>that he's purchased. Everyone's kind of in his whole board

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<v Speaker 1>ape club, these apes or whatever. And so I guess

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<v Speaker 1>Easy has enough money or ye, I guess he's got

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<v Speaker 1>enough money. He doesn't need to do it. But like

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<v Speaker 1>I said, I thought I was I thought it was

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<v Speaker 1>just cool, just pushing back on this virtual world versus this, um,

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<v Speaker 1>you know, the real world anyway, which of course he

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<v Speaker 1>does is branding. Is all these you know, products like

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<v Speaker 1>shoes and clothing that type of thing. Yeah, yeah, and

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<v Speaker 1>I guess those are the real products in the real world. Yeah,

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<v Speaker 1>And I think that's what a lot of people are

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<v Speaker 1>missing in this where it's like we still need real products,

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<v Speaker 1>Like we still need shoes to wear. And that's cool

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<v Speaker 1>that Nike is gonna make them in the meta and

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<v Speaker 1>you can have virtual ones, but we still need real

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<v Speaker 1>shoes to put on our feet as well well. And

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<v Speaker 1>and Kanye is so profitable, um, through all his endeavors

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<v Speaker 1>that now he can sit back and solve problems that

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<v Speaker 1>he has a personal interest in and ignore the things,

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<v Speaker 1>the money making endeavors that don't really speak to him personally. Uh.

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<v Speaker 1>And that's just a testament to the power of success.

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<v Speaker 1>Now I know you're like a psych major or something

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<v Speaker 1>like that. Yeah, I have an underground in psych, a

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<v Speaker 1>self practicing psych psych major or something like that. Uh.

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<v Speaker 1>And and and easy somebody who you followed. Uh, he

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<v Speaker 1>might be a little crazy, Um this part of his

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<v Speaker 1>kind of psyche. He just like doesn't want to play

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<v Speaker 1>with that kind of stuff. Or do you think he's

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<v Speaker 1>really like trying to do big things, good things? I mean,

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<v Speaker 1>like in his talk about getting into politics and stuff

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<v Speaker 1>like that. I think he'll definitely end up doing the

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<v Speaker 1>n f T he's just saying for right now, that's

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<v Speaker 1>not at all my focus. He did, he did put

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<v Speaker 1>that word in there like for now. Yeah, yeah, of

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<v Speaker 1>course it's because, like I said, that was in response

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<v Speaker 1>to when he was on record, um talking about how

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<v Speaker 1>to update the paparazzi situation. So I think it was

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<v Speaker 1>in response to that, because then people had a bunch

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<v Speaker 1>of questions about n f T s when when he

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<v Speaker 1>said that on you know, and he gets put in

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<v Speaker 1>TNZ or whatever. Yeah. Hum. As a creator yourself, how

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<v Speaker 1>do you think about n f T S. Well, I

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<v Speaker 1>think to a large degree there um inevitable. There's enough

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<v Speaker 1>people that have forced behind it that it's it's going

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<v Speaker 1>to be something that it is a tool of a

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<v Speaker 1>tool that the state would like to see as far

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<v Speaker 1>as pushing people into a digital realm. So n f

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<v Speaker 1>T s are here to stay, I believe. Could you

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<v Speaker 1>just sub out the word n f T for a

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<v Speaker 1>collectible I mean that's what they are, right, I mean,

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<v Speaker 1>it's a whether I buy a stamp or I buy

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<v Speaker 1>a coin. They're both different, but they both represent a

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<v Speaker 1>collectible item. And so now one's a digital, one's a

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<v Speaker 1>paper that has sticky on the back, and one's a

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<v Speaker 1>metal one. And now one's a digital one, but they're

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<v Speaker 1>all three collectible. They're just trying to throw the full

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<v Speaker 1>force of celebrityhood behind um a new domain where people

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<v Speaker 1>aren't going to be putting strain on the physical world

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<v Speaker 1>as far as producing more. How many pairs of shoes

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<v Speaker 1>can you wear it once? How many houses can you

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<v Speaker 1>own and live in? Well, we got so much money

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<v Speaker 1>when also just throw it away and by whatever we can.

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<v Speaker 1>By the way, you're listening to the Mark Moa Show.

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<v Speaker 1>We're talking about bitcoin, cryptocurrencies in the decentralized revolution. We

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<v Speaker 1>are talking about some of the latest breaking news in

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<v Speaker 1>the space. Right now. I'm in the studio with Jessica Vaughan.

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<v Speaker 1>You can find her at Jessica Vaughan. UM. We are

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<v Speaker 1>we're talking about Kanye and his take on n f

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<v Speaker 1>T S. I got more coming up in a second,

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<v Speaker 1>so don't go away, all right, Welcome back. You are

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<v Speaker 1>listening to the Mark Moss Show, and we are talking

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<v Speaker 1>about bitcoin and cryptocurrencies in the decentralized revolution that is happening.

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<v Speaker 1>I'm in the studio with Jessica Vaughan and we are

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<v Speaker 1>talking about some of the latest breaking news of the

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<v Speaker 1>week and before the break, we were talking about what

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<v Speaker 1>Kanye West had to say about n f T S.

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<v Speaker 1>He said he wants to focus on building real world

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<v Speaker 1>products right now now. During the break, I was just

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<v Speaker 1>uh notified by my sound engineer and Jessica that I

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<v Speaker 1>was butchering his name. It's not Yea, it's ye So

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<v Speaker 1>uh now I don't look as old and out of

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<v Speaker 1>loop actually like Kanye's just without the con and then

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<v Speaker 1>in the beginning, all right, yeah, you call me Kanye

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<v Speaker 1>will know, Okay, it's not it's a Kanye got it,

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<v Speaker 1>got it, got it. That's that's how I remember trying

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<v Speaker 1>to I'm trying to correct it and make my sound

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<v Speaker 1>myself even look worse. Jeez. Anyway, um No, something else

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<v Speaker 1>that I saw this week I thought it was pretty

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<v Speaker 1>cool is that bitcoin. A lot of people think that

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<v Speaker 1>bitcoin doesn't have any use case. What's interesting with bitcoin

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<v Speaker 1>is that, um, bitcoin is really good for people on

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<v Speaker 1>the edges, not so much for people in the middle.

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<v Speaker 1>So what do I mean by that? So if you're

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<v Speaker 1>like a billionaire and you want to move major amounts

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<v Speaker 1>of money around, well, bitcoin is really cool because I

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<v Speaker 1>could send a billion dollars or a million dollars or

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<v Speaker 1>a hundred thousand dollars from my bed, in my underwear,

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<v Speaker 1>from my phone and you could have it instantly. So

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<v Speaker 1>if I want to move big amounts of money, if

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<v Speaker 1>I'm like a power user, there's a big use case

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<v Speaker 1>for that. Or if I'm on the the opposite end,

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<v Speaker 1>and let's say that I'm marginalized, I'm in El Salvador,

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<v Speaker 1>I'm in Afghanistan, I'm in Lebanon, where my money is

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<v Speaker 1>basically being I don't know if you saw what happened

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<v Speaker 1>in Lebanon this week. I know you're part Lebanese, but

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<v Speaker 1>basically they just seized everybody's money in the bank and

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<v Speaker 1>they're going to pay them back with a different currency

0:11:19.840 --> 0:11:22.760
<v Speaker 1>that's worth less um and So if you're in one

0:11:22.800 --> 0:11:25.200
<v Speaker 1>of those areas of the market, then having the ability

0:11:25.200 --> 0:11:27.360
<v Speaker 1>to get your money out is also good. But people

0:11:27.400 --> 0:11:30.360
<v Speaker 1>in the middle class, what do they care about bitcoin? Right?

0:11:30.679 --> 0:11:32.679
<v Speaker 1>And so they say bitcoin has no use case. My

0:11:32.720 --> 0:11:36.280
<v Speaker 1>dollars work pretty fine, um and and uh, that's starting

0:11:36.280 --> 0:11:38.040
<v Speaker 1>to change because those people in the middle now are

0:11:38.080 --> 0:11:42.480
<v Speaker 1>trading options on robin hood um and cryptocurrencies. They're starting

0:11:42.480 --> 0:11:45.400
<v Speaker 1>to see it. And then also people are being pushed

0:11:45.400 --> 0:11:47.800
<v Speaker 1>from the middle to the fringes as well. And that's

0:11:47.640 --> 0:11:50.200
<v Speaker 1>the story that has been I talked about it last

0:11:50.200 --> 0:11:52.520
<v Speaker 1>week as well. But this is the trucker convoy that's

0:11:52.520 --> 0:11:56.280
<v Speaker 1>going on in Canada. And so these people, truck drivers

0:11:56.440 --> 0:12:01.000
<v Speaker 1>Middle America, you know, blue collar. Um, most people just

0:12:01.160 --> 0:12:05.400
<v Speaker 1>want to be left alone. Probably right, Um, you're from Kansas,

0:12:05.440 --> 0:12:08.680
<v Speaker 1>you're from Middle America. I'm sure you've seen those truck drivers, right,

0:12:08.679 --> 0:12:11.880
<v Speaker 1>I mean, they're just blue collar workers and uh, they've

0:12:11.920 --> 0:12:15.079
<v Speaker 1>been pushed to the fringe. And so basically in Canada,

0:12:15.120 --> 0:12:17.600
<v Speaker 1>they've been told that they have to comply with mandates

0:12:17.960 --> 0:12:22.000
<v Speaker 1>or lose their jobs, can't feed their family, and they

0:12:22.040 --> 0:12:26.679
<v Speaker 1>went to block the roads and in order to help,

0:12:26.840 --> 0:12:29.160
<v Speaker 1>people have been showing their support and they've been giving

0:12:29.160 --> 0:12:31.760
<v Speaker 1>them money via go fund me. It's been so beautiful

0:12:31.800 --> 0:12:35.199
<v Speaker 1>to watch the support from the free world. Yeah, it's

0:12:35.240 --> 0:12:39.520
<v Speaker 1>been amazing to watch. And they've raised over ten million dollars,

0:12:39.640 --> 0:12:44.480
<v Speaker 1>which is amazing, which in comparison, Trudeau's campaign has raised

0:12:44.480 --> 0:12:47.680
<v Speaker 1>like three million in the first quarter of the year.

0:12:48.440 --> 0:12:50.600
<v Speaker 1>So Trudeau is like, ah, they're a fringe, you know,

0:12:50.600 --> 0:12:55.320
<v Speaker 1>they don't represent Canadians, um, But they have raised that

0:12:55.400 --> 0:12:58.360
<v Speaker 1>ten million dollars is more than every other political party

0:12:58.360 --> 0:13:03.319
<v Speaker 1>in Canada combined, so it's not just a fringe. But

0:13:03.360 --> 0:13:06.920
<v Speaker 1>then the two things happened. One go fund Me has

0:13:06.960 --> 0:13:10.040
<v Speaker 1>now locked up the funds and they won't release them.

0:13:10.080 --> 0:13:15.440
<v Speaker 1>And two um, the state of Ottawa has now as

0:13:15.520 --> 0:13:18.400
<v Speaker 1>now trying to make a move where they could maybe

0:13:18.480 --> 0:13:21.120
<v Speaker 1>seize the money. They're trying to angle where they could

0:13:21.120 --> 0:13:24.480
<v Speaker 1>actually like somehow I don't know, it's an oxymoron to say,

0:13:24.480 --> 0:13:26.360
<v Speaker 1>but legally take the money. I guess, well, if they

0:13:26.400 --> 0:13:29.200
<v Speaker 1>just call it a tax a hundred percent, then then

0:13:29.360 --> 0:13:31.440
<v Speaker 1>the government can do whatever they want with it. Well, know,

0:13:31.720 --> 0:13:33.920
<v Speaker 1>what these people are doing is illegal, and so we'll

0:13:33.960 --> 0:13:36.120
<v Speaker 1>just we'll just yeah, we'll just whatever. They just make

0:13:36.200 --> 0:13:38.760
<v Speaker 1>up some arbitrary thing and it's legal and we take it. Um.

0:13:38.960 --> 0:13:40.720
<v Speaker 1>The reason why I bring that up is because these

0:13:40.720 --> 0:13:43.160
<v Speaker 1>people in the middle middle class are being pushed to

0:13:43.320 --> 0:13:48.319
<v Speaker 1>the fringe. And now there's a use case for bitcoin, right,

0:13:48.600 --> 0:13:50.800
<v Speaker 1>and so it's it's it's for the people on the edge,

0:13:50.800 --> 0:13:52.800
<v Speaker 1>is not the middle, but the middle are being either

0:13:52.880 --> 0:13:55.440
<v Speaker 1>upgrading and becoming power users, or they're being pushed to

0:13:55.520 --> 0:13:57.560
<v Speaker 1>the fringe, which is what happened to these truck drivers. Well,

0:13:57.600 --> 0:13:59.840
<v Speaker 1>and there's such a wealth transfer right now, you know

0:14:00.600 --> 0:14:03.640
<v Speaker 1>COVID response forward till now, So more people are going

0:14:03.640 --> 0:14:08.000
<v Speaker 1>to see the use of bitcoin as they get poorer. Unfortunately. Yeah,

0:14:08.080 --> 0:14:10.760
<v Speaker 1>I mean small businesses are shuttered. If these guys had

0:14:10.800 --> 0:14:13.360
<v Speaker 1>put up a go fund me and collected money in bitcoin,

0:14:13.880 --> 0:14:16.800
<v Speaker 1>then it couldn't have been held, nor could the state

0:14:16.920 --> 0:14:20.600
<v Speaker 1>be threatening to seize that money. Yeah, getting some real

0:14:20.600 --> 0:14:23.240
<v Speaker 1>world education as to why you need bitcoin. Yeah, I

0:14:23.280 --> 0:14:26.000
<v Speaker 1>was talking. I went and spoke at this real estate

0:14:26.040 --> 0:14:28.080
<v Speaker 1>conference I think two weeks ago, a couple of weeks ago,

0:14:29.320 --> 0:14:31.480
<v Speaker 1>and uh, I met some some guy was on a

0:14:31.520 --> 0:14:34.640
<v Speaker 1>panel with and he was older than me. And uh,

0:14:34.680 --> 0:14:37.040
<v Speaker 1>he's like, oh, I know everything. I'm a what do

0:14:37.040 --> 0:14:39.840
<v Speaker 1>you say, I'm a I'm a computer engineer, I know everything,

0:14:39.880 --> 0:14:42.960
<v Speaker 1>blah blah blah. And bitcoin is worthless. All it is

0:14:42.960 --> 0:14:46.240
<v Speaker 1>is used for drug dealers and criminals. There's no use case,

0:14:46.360 --> 0:14:49.320
<v Speaker 1>as we told me. And I say, but doesn't that

0:14:49.480 --> 0:14:54.320
<v Speaker 1>prove the use case a criminal as anyone that the

0:14:54.360 --> 0:14:57.760
<v Speaker 1>government doesn't like, whoever they don't give a license to.

0:14:58.840 --> 0:15:01.240
<v Speaker 1>And uh, there were nothing wrong with driving a truck

0:15:01.240 --> 0:15:03.360
<v Speaker 1>and parking it, but now they don't like where you

0:15:03.360 --> 0:15:05.040
<v Speaker 1>park the truck, and now that's the crime, and so

0:15:05.080 --> 0:15:06.680
<v Speaker 1>now you're a criminal, and now they want to seize

0:15:06.680 --> 0:15:09.320
<v Speaker 1>your money. And now bitcoin has a use case well,

0:15:09.360 --> 0:15:12.280
<v Speaker 1>and the government is making criminals out of everyday people

0:15:12.560 --> 0:15:15.320
<v Speaker 1>more every day, so of course more people should be

0:15:15.360 --> 0:15:18.960
<v Speaker 1>seeing the use case for a bitcoin. Now. To be clear,

0:15:19.160 --> 0:15:21.440
<v Speaker 1>I don't like to align myself with any political party.

0:15:21.440 --> 0:15:22.960
<v Speaker 1>I'm for the party that gives me more freedom and

0:15:23.000 --> 0:15:25.320
<v Speaker 1>less government, whatever that is, whatever that means to you.

0:15:25.680 --> 0:15:27.160
<v Speaker 1>I'm not trying to make this into a political thing.

0:15:27.200 --> 0:15:29.960
<v Speaker 1>But what I do like is that, Um, we vote

0:15:29.960 --> 0:15:33.560
<v Speaker 1>with our money and so that's that's the ultimate vote

0:15:33.560 --> 0:15:36.600
<v Speaker 1>we have. UM. I think after the last presidential election cycle,

0:15:36.720 --> 0:15:38.920
<v Speaker 1>we can see that our vote means little to nothing

0:15:39.040 --> 0:15:43.880
<v Speaker 1>at this point. Um, but making yourself heard still means

0:15:43.920 --> 0:15:46.320
<v Speaker 1>something which the truck drivers have done, but even more

0:15:46.360 --> 0:15:49.720
<v Speaker 1>importantly than making themselves known, because, like I said, as

0:15:49.720 --> 0:15:53.160
<v Speaker 1>Trudeau is like, oh, they don't represent Canadians, they represent

0:15:53.200 --> 0:15:56.720
<v Speaker 1>a fringe. How do we know. How do we know

0:15:56.800 --> 0:15:58.360
<v Speaker 1>if that's true or not? How do we know if

0:15:58.360 --> 0:16:01.080
<v Speaker 1>not more Canadians? Are they going to run poll? Are

0:16:01.120 --> 0:16:04.120
<v Speaker 1>they going to go vote? No? But they did. They

0:16:04.200 --> 0:16:09.360
<v Speaker 1>raised money, and they raised three dollars to everyone that

0:16:09.440 --> 0:16:12.000
<v Speaker 1>Trudeau raised. Isn't that beautiful? How do they deny that?

0:16:12.040 --> 0:16:14.560
<v Speaker 1>If the mainstream media doesn't want to cover it, that's fine,

0:16:14.600 --> 0:16:18.120
<v Speaker 1>we'll cover it. Yeah, And so I just how do

0:16:18.200 --> 0:16:20.920
<v Speaker 1>the people get hurt? How is the voice of the

0:16:20.960 --> 0:16:24.000
<v Speaker 1>people to be known? Um? If we don't have a

0:16:24.040 --> 0:16:27.200
<v Speaker 1>free and fair election, if mainstream media doesn't give us

0:16:27.280 --> 0:16:30.200
<v Speaker 1>free information, how do we know? Well, we know through

0:16:30.200 --> 0:16:34.320
<v Speaker 1>a free market. And now these people can vote with

0:16:34.360 --> 0:16:37.080
<v Speaker 1>their dollars. Well, they voted with their dollars, and how

0:16:37.120 --> 0:16:40.480
<v Speaker 1>those dollars are going to be stolen? I really hope

0:16:40.520 --> 0:16:43.560
<v Speaker 1>that gets resolved in a favorable way. Yeah, I do too,

0:16:43.600 --> 0:16:45.920
<v Speaker 1>And hopefully if enough people like us are talking about it,

0:16:45.960 --> 0:16:49.440
<v Speaker 1>that brings enough attention and pressure onto um go fund

0:16:49.520 --> 0:16:50.920
<v Speaker 1>me and maybe able to do the right thing there.

0:16:51.160 --> 0:16:53.680
<v Speaker 1>But my point is is that going to the polls

0:16:53.680 --> 0:16:56.800
<v Speaker 1>and voting doesn't matter. Trudeau says they're a fringe. We

0:16:56.840 --> 0:16:59.600
<v Speaker 1>don't know, Um, that's what he says. I don't know

0:16:59.600 --> 0:17:02.240
<v Speaker 1>how he is that he doesn't. Obviously, no one's going

0:17:02.240 --> 0:17:04.080
<v Speaker 1>to run in a poll door to door finding out.

0:17:04.600 --> 0:17:07.040
<v Speaker 1>But what we do know is that three to one.

0:17:07.040 --> 0:17:11.119
<v Speaker 1>They've outraised him. They voted with their money, but they

0:17:11.240 --> 0:17:14.480
<v Speaker 1>voted with the wrong money, right, they voted with the

0:17:14.480 --> 0:17:16.640
<v Speaker 1>wrong money. So now they can vote with bitcoin. They should.

0:17:16.720 --> 0:17:20.479
<v Speaker 1>And actually I've seen some bitcoin um funds have been started. Um,

0:17:20.600 --> 0:17:23.560
<v Speaker 1>two of my really good friends, Greg Fosse and Jeff

0:17:23.600 --> 0:17:25.920
<v Speaker 1>Booth have started up a bitcoin fund that's on a

0:17:26.000 --> 0:17:30.040
<v Speaker 1>multi signature setup, which means, um, three people have keys,

0:17:30.040 --> 0:17:32.280
<v Speaker 1>so not one person could you know, run away with

0:17:32.320 --> 0:17:36.119
<v Speaker 1>the money or anything like that. Um, they're good Canadian dudes. UM.

0:17:36.200 --> 0:17:38.840
<v Speaker 1>You're listening to the markma Show and we're talking about

0:17:38.920 --> 0:17:41.040
<v Speaker 1>some of the latest breaking news in the bitcoin space

0:17:41.080 --> 0:17:45.119
<v Speaker 1>that's going on right now. UM, trying to help you,

0:17:45.119 --> 0:17:46.840
<v Speaker 1>you know, trying to bring some context into what's going

0:17:46.880 --> 0:17:48.840
<v Speaker 1>on in this world today and trying to show you

0:17:48.880 --> 0:17:51.600
<v Speaker 1>how bitcoin can fix this. Which is kind of a joke,

0:17:51.680 --> 0:17:53.639
<v Speaker 1>but it's actually kind of true. I'm in the studio

0:17:53.640 --> 0:17:57.359
<v Speaker 1>with Jessica Van discussing these some really big stories coming

0:17:57.400 --> 0:18:00.639
<v Speaker 1>back stick around, don't go away, all right, welcome back.

0:18:00.760 --> 0:18:02.600
<v Speaker 1>You are listening to the Mark Mos Show, and we're

0:18:02.600 --> 0:18:06.480
<v Speaker 1>talking about bitcoin and cryptocurrencies in the decentralized Revolution. That's

0:18:06.520 --> 0:18:10.880
<v Speaker 1>happening right now. I'm bringing you the latest breaking news,

0:18:11.520 --> 0:18:13.280
<v Speaker 1>so you're up to date, up to the minute date,

0:18:14.000 --> 0:18:16.239
<v Speaker 1>you know. I want you to understand the play by

0:18:16.240 --> 0:18:18.320
<v Speaker 1>play so you don't get faked out of these markets.

0:18:19.200 --> 0:18:22.040
<v Speaker 1>And I also want to make you seem really smart

0:18:22.080 --> 0:18:23.840
<v Speaker 1>when you go to that party over the weekend and

0:18:23.920 --> 0:18:26.160
<v Speaker 1>you know everything that's going on. I'm in the studio

0:18:26.200 --> 0:18:28.840
<v Speaker 1>with Jessica Van Uh and we are discussing some of

0:18:28.840 --> 0:18:31.800
<v Speaker 1>these news headlines and Uh. During the break, they're still

0:18:31.800 --> 0:18:34.080
<v Speaker 1>giving me a hard time because I don't know who

0:18:34.200 --> 0:18:36.520
<v Speaker 1>Kanye West is or what is abbreviation his name is.

0:18:36.840 --> 0:18:40.000
<v Speaker 1>It's it's yea, not ye Sorry about that, um, but

0:18:40.040 --> 0:18:41.520
<v Speaker 1>they said, hey, that's a good thing because you probably

0:18:41.520 --> 0:18:43.480
<v Speaker 1>don't want to get your financial advice from somebody who

0:18:43.920 --> 0:18:45.760
<v Speaker 1>um knows how to pronounce his name. So I'm gonna

0:18:45.760 --> 0:18:47.679
<v Speaker 1>go with that. That makes me feel better, you know

0:18:47.760 --> 0:18:50.800
<v Speaker 1>the real answer is that, um man, I've always been

0:18:50.800 --> 0:18:53.919
<v Speaker 1>into music, like big time. I love music, um, But

0:18:54.000 --> 0:18:55.960
<v Speaker 1>over the over the last several years, it's like I

0:18:56.040 --> 0:18:59.719
<v Speaker 1>just listen to my podcast now, like podcasts and audiobooks.

0:18:59.720 --> 0:19:01.480
<v Speaker 1>Remember as a kid driving around with my parents and

0:19:01.520 --> 0:19:03.960
<v Speaker 1>my dad always listened to talk radio, and I hated it.

0:19:03.960 --> 0:19:06.560
<v Speaker 1>It's like so boring. Yeah, I remember as a kid

0:19:06.560 --> 0:19:09.639
<v Speaker 1>to all the am talk radio and all the white noise.

0:19:09.760 --> 0:19:12.399
<v Speaker 1>Yeah yeah, I hated the talk radio. It's just so boring.

0:19:12.480 --> 0:19:16.000
<v Speaker 1>And now here I am, uh doing talk radio. Everybody

0:19:16.040 --> 0:19:18.840
<v Speaker 1>grows up. Now now I'm doing talk radio. But hopefully

0:19:19.280 --> 0:19:20.720
<v Speaker 1>I'm not so bored. I'm trying to make it an

0:19:20.760 --> 0:19:24.280
<v Speaker 1>interesting even if I don't know who how to pronounce you. Ah.

0:19:24.640 --> 0:19:30.400
<v Speaker 1>But but back to uh, bitcoin and cryptocurrencies. You know, uh,

0:19:30.520 --> 0:19:33.360
<v Speaker 1>if you're new, I can see it's a little depressing.

0:19:34.080 --> 0:19:37.320
<v Speaker 1>The price of bitcoin and cryptocurrencies are down, big, down,

0:19:37.320 --> 0:19:38.879
<v Speaker 1>big time. As a matter of fact, the peak was

0:19:38.920 --> 0:19:42.000
<v Speaker 1>about November of last year. Bitcoin reached a high of

0:19:42.240 --> 0:19:45.600
<v Speaker 1>sixty nine thousand dollars, and I think at that at

0:19:45.600 --> 0:19:48.800
<v Speaker 1>this time, it's somewhere in the high thirties range, thirty

0:19:48.920 --> 0:19:52.640
<v Speaker 1>seven thirty eight ish or something like that. It's down

0:19:52.680 --> 0:19:56.080
<v Speaker 1>about most of the other big cryptocurrencies are down as

0:19:56.119 --> 0:20:00.359
<v Speaker 1>much as it seems like a blood bath. Um. But

0:20:00.520 --> 0:20:01.680
<v Speaker 1>you know, I wanted to just kind of bring a

0:20:01.680 --> 0:20:05.280
<v Speaker 1>little bit of perspective into that. Um. I saw that

0:20:06.280 --> 0:20:09.639
<v Speaker 1>according to Candice Browne and head of Global Research at

0:20:09.640 --> 0:20:13.360
<v Speaker 1>Bank of America Securities. The number of executives mentioning crypto

0:20:13.480 --> 0:20:18.679
<v Speaker 1>in earnings calls this quarter rose from seventeen to about

0:20:18.720 --> 0:20:22.280
<v Speaker 1>a hundred and forty seven in the most recent quarter.

0:20:22.920 --> 0:20:25.800
<v Speaker 1>So that's the number of executives mentioning crypto in their

0:20:25.840 --> 0:20:30.000
<v Speaker 1>earnings calls went from seventeen to a hundred and forty seven.

0:20:30.000 --> 0:20:33.040
<v Speaker 1>So remember I talked about with new technologies the prices

0:20:33.040 --> 0:20:35.719
<v Speaker 1>of distraction. We want to look at the network growing,

0:20:35.760 --> 0:20:38.760
<v Speaker 1>are more people using it? And uh, Jessica, as we

0:20:38.760 --> 0:20:40.920
<v Speaker 1>talked about with the truckers, right, I mean there's a

0:20:40.960 --> 0:20:44.000
<v Speaker 1>big use case. We can see more people using it. Um,

0:20:44.040 --> 0:20:46.400
<v Speaker 1>that's pretty cool. And then we see here with this

0:20:46.480 --> 0:20:49.840
<v Speaker 1>we went from seventeen executives to a hundred and forty seven,

0:20:49.920 --> 0:20:54.320
<v Speaker 1>which was pretty amazing. UM. And then if we look

0:20:54.359 --> 0:20:56.879
<v Speaker 1>at just a couple of things, just in the first

0:20:57.240 --> 0:20:59.800
<v Speaker 1>quarter of this year of I'm sorry, in the first

0:20:59.800 --> 0:21:03.800
<v Speaker 1>month of two, we saw I'm not even gonna read

0:21:03.840 --> 0:21:05.240
<v Speaker 1>all these off I have a whole list here, but

0:21:05.280 --> 0:21:08.400
<v Speaker 1>Digital Assets raised five fifty million. Lennon based venture capital

0:21:08.480 --> 0:21:11.600
<v Speaker 1>firm Blossom four million, crypto exchange f t x rays

0:21:11.680 --> 0:21:15.520
<v Speaker 1>four million. Hong Kong. Metaverse startup raised three sixty million.

0:21:15.600 --> 0:21:19.320
<v Speaker 1>N f T Marketplace open ce raised, Privacy Focus Blockchain

0:21:19.440 --> 0:21:22.560
<v Speaker 1>hundred seventy five million, two hund million, hundred seventy million,

0:21:22.760 --> 0:21:26.040
<v Speaker 1>D fifty million, hundred ninety million, UM and on and

0:21:26.080 --> 0:21:29.760
<v Speaker 1>on and on. Just the top twelve raised over a

0:21:29.840 --> 0:21:33.600
<v Speaker 1>hundred million each in just one month. That's on top

0:21:33.640 --> 0:21:40.720
<v Speaker 1>of fifty other announcements that had funding in January alone. So, um,

0:21:40.800 --> 0:21:44.400
<v Speaker 1>I love that crypto is where we took our liquidity infusions.

0:21:44.600 --> 0:21:46.760
<v Speaker 1>I think I think that that was just a beautiful

0:21:46.800 --> 0:21:50.600
<v Speaker 1>thing to see. So I'm sure that's just some market correction. Yeah.

0:21:50.640 --> 0:21:52.440
<v Speaker 1>I mean if you look at um, if you look

0:21:52.440 --> 0:21:54.840
<v Speaker 1>at the Nasdaq, which is most of the tech stocks,

0:21:54.960 --> 0:21:57.560
<v Speaker 1>about half of the NAZAC is down, more than fifty

0:21:58.640 --> 0:22:03.440
<v Speaker 1>Meta got nailed old super hard. Their prices down. Netflix

0:22:03.480 --> 0:22:05.600
<v Speaker 1>is down, Spotify is down. I don't think it's because

0:22:05.600 --> 0:22:07.399
<v Speaker 1>of Joe Rogan. I think it Spotify is down just

0:22:07.400 --> 0:22:10.240
<v Speaker 1>because all that all that is down at the same time. Um,

0:22:10.320 --> 0:22:12.040
<v Speaker 1>doesn't that always happen in the spring? Is that a

0:22:12.040 --> 0:22:15.960
<v Speaker 1>little early, isn't it March? Well, Um, it's it's more

0:22:16.000 --> 0:22:18.400
<v Speaker 1>because the Federal Reserve is screwing with the markets right there,

0:22:18.440 --> 0:22:20.640
<v Speaker 1>threatening to suck all this money out and raise rates

0:22:20.680 --> 0:22:23.920
<v Speaker 1>on everybody, which they started in November they said that

0:22:23.960 --> 0:22:27.199
<v Speaker 1>they were going to do that, and not coincidentally, that

0:22:27.359 --> 0:22:31.160
<v Speaker 1>was the hot high we saw on cryptocurrencies as well. Um,

0:22:31.200 --> 0:22:33.720
<v Speaker 1>but yeah, to your point, right, like you see liquidity

0:22:33.800 --> 0:22:36.240
<v Speaker 1>leaving the traditional stock markets, but look how much went

0:22:36.320 --> 0:22:39.560
<v Speaker 1>in to the crypto marketplace and just the first month.

0:22:39.800 --> 0:22:41.920
<v Speaker 1>Well it's a set up for the leading logic that yes,

0:22:41.920 --> 0:22:44.600
<v Speaker 1>of course we want the FED to print more money. Yeah,

0:22:44.720 --> 0:22:47.240
<v Speaker 1>are we going to take that bait? Well, we do

0:22:47.320 --> 0:22:49.439
<v Speaker 1>want the Fed to print more money. So I you know,

0:22:49.640 --> 0:22:53.560
<v Speaker 1>as after two tho, after getting my butt kicked, Um,

0:22:53.640 --> 0:22:55.119
<v Speaker 1>I realized I was really good at making money, but

0:22:55.119 --> 0:22:56.960
<v Speaker 1>I didn't know what this whole financial world is about.

0:22:57.000 --> 0:22:58.560
<v Speaker 1>And so howd just been the last twelve years figuring

0:22:58.560 --> 0:23:01.560
<v Speaker 1>that out? And I became this gold bug and I'm like, no, like,

0:23:01.600 --> 0:23:03.959
<v Speaker 1>all this money printing is what's ruining the economy. They

0:23:03.960 --> 0:23:06.280
<v Speaker 1>can't just keep printing money. And like every time they

0:23:06.280 --> 0:23:08.159
<v Speaker 1>want to print more money, it's like, no, stop, you

0:23:08.160 --> 0:23:09.439
<v Speaker 1>can't do it. You don't know how bad things are

0:23:09.440 --> 0:23:11.560
<v Speaker 1>gonna get I'm at the point now, or I'm just

0:23:11.640 --> 0:23:16.240
<v Speaker 1>like just bring it. I'll shure in bigcoin faster. Yeah,

0:23:16.400 --> 0:23:18.320
<v Speaker 1>Like why why stop at one trillion? Can we just

0:23:18.359 --> 0:23:21.960
<v Speaker 1>print five? How about that? Right? Actually, as a matter

0:23:21.960 --> 0:23:26.560
<v Speaker 1>of fact, talking about printing money. So in two um

0:23:26.680 --> 0:23:30.679
<v Speaker 1>the it was the g f C, the Great Financial Crash.

0:23:30.840 --> 0:23:34.720
<v Speaker 1>The entire global financial system was crashing at the same time,

0:23:35.200 --> 0:23:37.719
<v Speaker 1>and the FED had to step in and save the day.

0:23:37.760 --> 0:23:41.800
<v Speaker 1>With seven hundred billion they saved The entire global finance

0:23:41.840 --> 0:23:44.159
<v Speaker 1>system was seven and it was like, oh my gosh,

0:23:44.160 --> 0:23:47.520
<v Speaker 1>that's so much money. Now they're thrown around trillions like

0:23:47.520 --> 0:23:50.480
<v Speaker 1>it's nothing, right, So it was seven hundre billion plus

0:23:50.440 --> 0:23:52.560
<v Speaker 1>there's ane other seven hundred bion and about one point

0:23:52.600 --> 0:23:55.960
<v Speaker 1>five trillion dollars is what was on the books. Well,

0:23:56.200 --> 0:23:59.120
<v Speaker 1>in America, it's still the land of the free kind

0:23:59.160 --> 0:24:01.399
<v Speaker 1>of And uh, there's something known as a Freedom of

0:24:01.440 --> 0:24:04.879
<v Speaker 1>Information Act, the FOI Request f A I A and

0:24:04.920 --> 0:24:07.560
<v Speaker 1>so we as a journalist or whatever, we have the

0:24:07.640 --> 0:24:11.239
<v Speaker 1>right to request information. And they've been trying to get

0:24:11.280 --> 0:24:14.199
<v Speaker 1>information from the FED to find out. The length of

0:24:14.240 --> 0:24:17.680
<v Speaker 1>time that they've been able to to stall is remarkable.

0:24:17.720 --> 0:24:20.719
<v Speaker 1>If you can put ten years pauses on information. Your

0:24:20.760 --> 0:24:25.760
<v Speaker 1>information isn't free exactly exactly. So, Um, they put this

0:24:25.800 --> 0:24:28.000
<v Speaker 1>request into the FED to get the information for what

0:24:28.080 --> 0:24:31.240
<v Speaker 1>happened after two and the FED tried to block it

0:24:31.280 --> 0:24:33.239
<v Speaker 1>to your point, tried to stall out kind of like

0:24:33.280 --> 0:24:35.840
<v Speaker 1>what the FDA or what fights are is doing? Right

0:24:35.840 --> 0:24:37.800
<v Speaker 1>now we have to wait what seventy five years to

0:24:37.840 --> 0:24:42.399
<v Speaker 1>get information on the efficacy of the vaccines. Um. So

0:24:42.520 --> 0:24:45.040
<v Speaker 1>much freedom, which is a whole another subject, but um,

0:24:45.840 --> 0:24:48.840
<v Speaker 1>same point though, right, so we have to wait seventy

0:24:48.880 --> 0:24:50.520
<v Speaker 1>five years. I don't know if it's fifty years now

0:24:50.600 --> 0:24:54.520
<v Speaker 1>or whatever, somewhere fifty years like what like we're taking

0:24:54.560 --> 0:24:57.000
<v Speaker 1>this now, like we need the information now seven five

0:24:57.040 --> 0:25:00.320
<v Speaker 1>years anyway. Um, So they FED fought it, fought it,

0:25:00.320 --> 0:25:03.159
<v Speaker 1>fought it, fought it. They pushed it out twelve years,

0:25:03.240 --> 0:25:06.680
<v Speaker 1>this data, and it finally got released. Finally it released.

0:25:06.680 --> 0:25:09.960
<v Speaker 1>It's called the Levy Economics Institute of Barred College put

0:25:09.960 --> 0:25:11.720
<v Speaker 1>it out and it's a detailed look at the fed's

0:25:11.760 --> 0:25:15.000
<v Speaker 1>bailout of the financial system. Um. So, okay, this is

0:25:15.080 --> 0:25:18.400
<v Speaker 1>from two thousand seven to two thousand nine. So what

0:25:18.440 --> 0:25:21.560
<v Speaker 1>they told us, Jessica, is that they were going to

0:25:21.600 --> 0:25:24.000
<v Speaker 1>bail out the banks with seven hundred billion plus another

0:25:24.000 --> 0:25:26.320
<v Speaker 1>seven or about one point five trillion. That's what we're told.

0:25:26.800 --> 0:25:31.000
<v Speaker 1>Twelve years later, the FOIA finally comes out. It wasn't

0:25:31.000 --> 0:25:33.080
<v Speaker 1>one point five trillion. Do you have any idea how

0:25:33.160 --> 0:25:34.879
<v Speaker 1>much it was? Did you have you heard this story already?

0:25:35.359 --> 0:25:38.200
<v Speaker 1>H It was a mind boggling number. That was just

0:25:38.760 --> 0:25:45.080
<v Speaker 1>take a guess how much? Take a guess? Thirty trillion? Wow,

0:25:45.160 --> 0:25:48.159
<v Speaker 1>money is so imaginary to these people. They never planned

0:25:48.160 --> 0:25:50.159
<v Speaker 1>to pay back any of their debts. But what bothered

0:25:50.160 --> 0:25:52.840
<v Speaker 1>me most about that story was didn't the money go

0:25:53.040 --> 0:25:59.560
<v Speaker 1>to some other outside of America, some other countries? Oh yeah, yeah, yeah, yeah,

0:25:59.600 --> 0:26:02.000
<v Speaker 1>that was totally information. Yeah, billions and billions of dollars

0:26:02.080 --> 0:26:03.960
<v Speaker 1>went to other countries to bail them out as well.

0:26:04.000 --> 0:26:07.840
<v Speaker 1>We bailed out, you know, China, We build out most

0:26:07.840 --> 0:26:12.080
<v Speaker 1>of the European countries. They call it swap lines um,

0:26:12.119 --> 0:26:13.840
<v Speaker 1>So they swap out the bad debt for good debt

0:26:14.680 --> 0:26:20.359
<v Speaker 1>thirty trillion dollars, which is insane. Now we only know

0:26:20.400 --> 0:26:22.040
<v Speaker 1>about that twelve years later because of the Freedom of

0:26:22.040 --> 0:26:24.680
<v Speaker 1>Information Act. Now we think that the federal debt went

0:26:24.800 --> 0:26:27.480
<v Speaker 1>up by only a few trillion. So where did this

0:26:27.560 --> 0:26:32.439
<v Speaker 1>thirty trillion come from and where did it go? Like,

0:26:32.520 --> 0:26:35.160
<v Speaker 1>we don't know, we didn't know accountability with our money. Yeah,

0:26:35.200 --> 0:26:37.600
<v Speaker 1>we saw that the federal debt. So if you look

0:26:37.600 --> 0:26:40.080
<v Speaker 1>at the debt that the that the government shows we

0:26:40.119 --> 0:26:43.399
<v Speaker 1>went from twenty trillion dollars of debt government debt in

0:26:43.800 --> 0:26:47.439
<v Speaker 1>seventeen two. We just surpassed thirty trillion this week. So

0:26:47.480 --> 0:26:51.320
<v Speaker 1>from twenty to thirty in three years or four years.

0:26:51.359 --> 0:26:53.120
<v Speaker 1>But that's that's only that's the only part of the story,

0:26:53.160 --> 0:26:55.960
<v Speaker 1>because here's thirty trillion they spent from two thousand nine

0:26:55.960 --> 0:26:59.199
<v Speaker 1>and two years. Anyway, it's insane. You listen to the

0:26:59.200 --> 0:27:02.439
<v Speaker 1>markmas Show. We're talking about bitcoin, We're talking about the

0:27:02.440 --> 0:27:05.800
<v Speaker 1>decentralist revolution. We are talking about the latest breaking news

0:27:05.840 --> 0:27:07.480
<v Speaker 1>that's going on to keep you up to date. We're

0:27:07.520 --> 0:27:10.200
<v Speaker 1>just talking about the amount of money that the Fed

0:27:10.520 --> 0:27:12.480
<v Speaker 1>has printed that we just found out about this week

0:27:12.520 --> 0:27:15.080
<v Speaker 1>after twelve years of trying to get that information out

0:27:15.080 --> 0:27:17.760
<v Speaker 1>of them. Um again, they're listening to the Mark ma Show.

0:27:17.800 --> 0:27:20.119
<v Speaker 1>I'm in the studio with Jessica Vaughan talking about the

0:27:20.200 --> 0:27:23.360
<v Speaker 1>latest breaking news. I got some other big stories. I'm

0:27:23.359 --> 0:27:26.480
<v Speaker 1>saving the best for last. Um, you don't want to

0:27:26.480 --> 0:27:28.120
<v Speaker 1>miss this. You don't want to be in the dark,

0:27:28.280 --> 0:27:31.080
<v Speaker 1>so don't go away. Hey everyone, welcome back. You are

0:27:31.160 --> 0:27:33.120
<v Speaker 1>listening to the Mark ma Show, and we are talking

0:27:33.160 --> 0:27:36.520
<v Speaker 1>about bitcoin. We're talking about cryptocurrencies. We're talking about the

0:27:36.600 --> 0:27:40.680
<v Speaker 1>decentralized revolution that is happening right now, and right now

0:27:40.720 --> 0:27:43.480
<v Speaker 1>I'm talking about the latest breaking news that's happening, the

0:27:43.520 --> 0:27:45.280
<v Speaker 1>latest breaking news of the week, so you can be

0:27:45.440 --> 0:27:47.440
<v Speaker 1>up to date. Now. I tell you all the time

0:27:47.680 --> 0:27:50.040
<v Speaker 1>that the price is the least important thing to be

0:27:50.080 --> 0:27:52.359
<v Speaker 1>looking at. It's a distraction. What you should be looking

0:27:52.400 --> 0:27:55.159
<v Speaker 1>at is the the number of users on the network

0:27:55.240 --> 0:27:57.399
<v Speaker 1>and the development that's happening on the network. And so

0:27:57.440 --> 0:28:00.520
<v Speaker 1>those are things that I like to focus on each week. Um.

0:28:00.600 --> 0:28:03.040
<v Speaker 1>And as long as those things are tracking forward, then

0:28:03.080 --> 0:28:05.760
<v Speaker 1>you know we're going in the right direction. So talking

0:28:05.760 --> 0:28:07.640
<v Speaker 1>about those two things, I see a couple of things

0:28:07.640 --> 0:28:10.840
<v Speaker 1>happening this week. UM. I don't know if you saw this, Jessica,

0:28:10.880 --> 0:28:15.000
<v Speaker 1>but we saw one. Um. There's a few guys trying

0:28:15.040 --> 0:28:17.800
<v Speaker 1>to run for Governor Abbott's job in Texas as the

0:28:17.840 --> 0:28:23.920
<v Speaker 1>governor and uh, they're running on like a pro bitcoin platform.

0:28:24.080 --> 0:28:27.160
<v Speaker 1>I love to see it. Yeah, Alan West, I think

0:28:27.240 --> 0:28:30.720
<v Speaker 1>is one of them. Lieutenant I think is Lieutenant Allen West.

0:28:31.080 --> 0:28:32.760
<v Speaker 1>I forget the other guy's name. And they're running on

0:28:32.840 --> 0:28:35.200
<v Speaker 1>like this pro bitcoin platform. As a matter of fact,

0:28:35.240 --> 0:28:37.280
<v Speaker 1>what they're saying is they want to make bitcoin a

0:28:37.400 --> 0:28:39.880
<v Speaker 1>legal tender in the state of Texas. Well, it is

0:28:39.920 --> 0:28:42.640
<v Speaker 1>a United nation all its own, so or at least

0:28:42.640 --> 0:28:46.840
<v Speaker 1>they are going with the DNA of Texas as an

0:28:46.840 --> 0:28:50.040
<v Speaker 1>independent place. So I love that. And then we saw

0:28:50.120 --> 0:28:53.920
<v Speaker 1>in Arizona the same thing. They actually, I think already

0:28:53.960 --> 0:28:56.960
<v Speaker 1>wrote the bill to make bitcoin a legal tender in

0:28:56.960 --> 0:28:59.520
<v Speaker 1>the state of Arizona. I was so surprised that Arizona

0:28:59.600 --> 0:29:02.200
<v Speaker 1>came out of nowhere. And they must have been watching

0:29:02.240 --> 0:29:06.560
<v Speaker 1>all the conversational support that UM bitcoin has been giving to,

0:29:07.360 --> 0:29:10.920
<v Speaker 1>you know, Texas and and UM Florida. Well I figured

0:29:10.920 --> 0:29:12.880
<v Speaker 1>it would be one of them first. Well, growing up

0:29:12.880 --> 0:29:15.320
<v Speaker 1>in southern California, I've spent a lot of time in Arizona,

0:29:15.440 --> 0:29:19.400
<v Speaker 1>and they're their their freedom loving, gun toting, steak eating

0:29:19.440 --> 0:29:23.320
<v Speaker 1>people in Arizona. UM. After that the last election, it

0:29:23.440 --> 0:29:25.920
<v Speaker 1>was an interesting way for that state to go, wasn't it. Yeah.

0:29:26.360 --> 0:29:28.640
<v Speaker 1>Shout out to Megan McCain for that one. Yeah, but

0:29:29.200 --> 0:29:30.640
<v Speaker 1>you know, there's a lot of freedom lovers there, so

0:29:30.720 --> 0:29:32.840
<v Speaker 1>it wasn't a big surprise to me to see Arizona

0:29:32.880 --> 0:29:35.080
<v Speaker 1>come out with that. Um. You know, maybe it would

0:29:35.080 --> 0:29:37.640
<v Speaker 1>have been like Wyoming first or whatever. But anyway, so

0:29:37.680 --> 0:29:40.600
<v Speaker 1>we saw that, so Texas has kind of put this bill. Um,

0:29:40.640 --> 0:29:43.479
<v Speaker 1>then we saw Arizona. Now I've seen a lot of

0:29:43.760 --> 0:29:45.640
<v Speaker 1>people are also starting to jump on the bandwagon, but

0:29:45.680 --> 0:29:48.360
<v Speaker 1>I think they're just cloud chasers. So there was another

0:29:49.000 --> 0:29:52.280
<v Speaker 1>uh lady, I forget her name, and she's talking about

0:29:52.280 --> 0:29:55.760
<v Speaker 1>bitcoin and uh she's then she posted, oh, I've had

0:29:55.800 --> 0:29:58.520
<v Speaker 1>a ten thousand new followers, uh since I on Twitter,

0:29:58.560 --> 0:30:00.480
<v Speaker 1>since I started talking about bitcoin. Next thing, you know,

0:30:00.560 --> 0:30:06.080
<v Speaker 1>she's talking about uh she mentioned she and then she

0:30:06.120 --> 0:30:10.920
<v Speaker 1>mentioned like ethereum and then like so used using the

0:30:10.920 --> 0:30:12.920
<v Speaker 1>bitcoin as like a platform, and then and then kind

0:30:12.920 --> 0:30:15.400
<v Speaker 1>of bait and switching people. But the point that I

0:30:15.440 --> 0:30:18.120
<v Speaker 1>was looking at is that we saw that this week

0:30:18.200 --> 0:30:20.200
<v Speaker 1>that you know, this this governor race for Texas is

0:30:20.280 --> 0:30:22.120
<v Speaker 1>ramping up, and these people are talking about really running

0:30:22.120 --> 0:30:24.240
<v Speaker 1>on a bitcoin platform and using bitcoin is legal tender

0:30:24.560 --> 0:30:28.239
<v Speaker 1>um Arizona as well. But at the same time, the

0:30:28.280 --> 0:30:32.960
<v Speaker 1>federal level, good old, good old, the old Brandon administration

0:30:33.400 --> 0:30:36.640
<v Speaker 1>is trying to put an executive order that gives the

0:30:36.680 --> 0:30:42.760
<v Speaker 1>White House huge power and oversight over the cryptocurrency industry.

0:30:43.960 --> 0:30:45.800
<v Speaker 1>Um and not just from that now. We don't know

0:30:45.840 --> 0:30:48.720
<v Speaker 1>what this executive order is at this point. Um. He's

0:30:48.760 --> 0:30:51.360
<v Speaker 1>just put an executive order in place that says that

0:30:51.400 --> 0:30:53.280
<v Speaker 1>he's going to have all this power to do all

0:30:53.280 --> 0:30:56.840
<v Speaker 1>these things, but we don't even know what it is yet. Um.

0:30:56.880 --> 0:31:00.440
<v Speaker 1>The order would include the Treasury Department, the Commerce, UM Department,

0:31:00.720 --> 0:31:06.440
<v Speaker 1>National Science Foundation, and National Security agencies. It says the

0:31:06.520 --> 0:31:08.920
<v Speaker 1>government may expand its efforts to study and regulate the

0:31:09.120 --> 0:31:13.240
<v Speaker 1>two trillion dollar digital asset sector. UM. And so they're

0:31:13.280 --> 0:31:16.200
<v Speaker 1>doing that, and at the same time, the Treasury Department

0:31:16.960 --> 0:31:20.360
<v Speaker 1>is also trying to get a bill through which, as

0:31:20.360 --> 0:31:24.640
<v Speaker 1>it says here, would hand Treasury blank check to ban

0:31:24.880 --> 0:31:29.520
<v Speaker 1>crypto at exchanges. The provision is in the quote unquote

0:31:29.680 --> 0:31:33.320
<v Speaker 1>America Competes Act. You know, they got it. It's like

0:31:33.360 --> 0:31:37.040
<v Speaker 1>the Saving Puppies Act. Nobody's against saving puppies, of course, right, somebody,

0:31:37.120 --> 0:31:39.480
<v Speaker 1>nobody would have a problem with the Patriot Act. I mean,

0:31:39.600 --> 0:31:42.200
<v Speaker 1>aren't you all patriots, right, right? I mean, you're a

0:31:42.200 --> 0:31:45.160
<v Speaker 1>patriot Act, right, never mind that we lost more freedoms

0:31:45.160 --> 0:31:48.680
<v Speaker 1>in that patriarch than any other time in history. Um,

0:31:48.800 --> 0:31:50.520
<v Speaker 1>if they would have called it a Loss of Freedom Act,

0:31:50.520 --> 0:31:52.520
<v Speaker 1>they probably wouldn't have got as many people supporting. And

0:31:52.560 --> 0:31:56.720
<v Speaker 1>I'm guessing there's no truth in advertising. Well, basically you

0:31:56.840 --> 0:32:00.160
<v Speaker 1>countertrade it. It's kind of like every time Peter if

0:32:00.160 --> 0:32:05.160
<v Speaker 1>talks about bitcoin bad, you just buy a bitcoin and uh, actually, uh,

0:32:05.280 --> 0:32:09.480
<v Speaker 1>Jim Kramer, man, he has been getting hammered. Someone put

0:32:09.480 --> 0:32:11.880
<v Speaker 1>out like all the calls he's made on like an

0:32:11.960 --> 0:32:15.440
<v Speaker 1>MSNBC or whatever US. I'm sorry if that's throwing network,

0:32:15.920 --> 0:32:17.560
<v Speaker 1>but man, he's had You could have just count of

0:32:17.560 --> 0:32:19.120
<v Speaker 1>traded him to do really well. But it's kind of

0:32:19.160 --> 0:32:24.040
<v Speaker 1>like that. So um yeah, they're calling this the America

0:32:24.080 --> 0:32:26.000
<v Speaker 1>Competes Act and they're sticking all these things in there,

0:32:26.920 --> 0:32:29.840
<v Speaker 1>and uh, basically, this little clause they're putting in this

0:32:29.880 --> 0:32:34.680
<v Speaker 1>American Competes Act of two UM basically gives the Treasury

0:32:34.960 --> 0:32:39.760
<v Speaker 1>an unlimited ability to um basically prohibit any kind of

0:32:39.800 --> 0:32:44.920
<v Speaker 1>transaction it deems a concern it deems without any public

0:32:44.960 --> 0:32:47.479
<v Speaker 1>notice or input. Now we have bills that have been

0:32:47.520 --> 0:32:49.200
<v Speaker 1>put in place. Laws have been put in place, like

0:32:49.360 --> 0:32:54.480
<v Speaker 1>the Bank Secrecy Act that guarantee US privacy, and this

0:32:54.560 --> 0:32:56.960
<v Speaker 1>completely goes against any of them. And it's a blank check.

0:32:57.040 --> 0:32:59.400
<v Speaker 1>But what's interesting about this is at the same time

0:32:59.440 --> 0:33:02.520
<v Speaker 1>as the White House is going to put an executive

0:33:02.600 --> 0:33:04.280
<v Speaker 1>order in place that gives them this massive power we

0:33:04.280 --> 0:33:06.000
<v Speaker 1>don't even know what it is, and the Treasury is

0:33:06.040 --> 0:33:09.360
<v Speaker 1>also doing this, we have states that are trying to

0:33:09.400 --> 0:33:13.480
<v Speaker 1>make it legal. Tender. That's that's kind of a setting

0:33:13.560 --> 0:33:16.800
<v Speaker 1>up a fight. Well, I mean the entire Balkanization. I mean,

0:33:16.800 --> 0:33:19.000
<v Speaker 1>we're just watching it, watching it happen. I mean, when

0:33:19.000 --> 0:33:22.959
<v Speaker 1>the federal government is telling states just disregard, you know,

0:33:23.520 --> 0:33:27.120
<v Speaker 1>Supreme Court rulings that they don't like, what are we

0:33:27.160 --> 0:33:31.520
<v Speaker 1>gonna do other than just exercise federalism to a which

0:33:31.560 --> 0:33:35.000
<v Speaker 1>deeper degree. Know, the Balconization is something that you know,

0:33:35.040 --> 0:33:37.400
<v Speaker 1>I've been talking a lot about and um, it's it's

0:33:37.400 --> 0:33:40.680
<v Speaker 1>definitely happening, right so um, and it's been happening for

0:33:40.720 --> 0:33:43.200
<v Speaker 1>a long time. So in the state of California, for example,

0:33:44.480 --> 0:33:47.960
<v Speaker 1>it's like a sanctuary state. So basically, um, the state

0:33:48.080 --> 0:33:52.080
<v Speaker 1>has decided that it will not uh enforced a federal

0:33:52.520 --> 0:33:56.120
<v Speaker 1>guidelines on immigration. Right, So nope, we don't care what

0:33:56.120 --> 0:33:57.440
<v Speaker 1>the federal laws are. We're not going to do it.

0:33:57.480 --> 0:33:59.200
<v Speaker 1>As a matter of fact, we're going to go directly

0:33:59.240 --> 0:34:02.040
<v Speaker 1>against it. Well, of course that's our history with legalizing

0:34:02.080 --> 0:34:07.360
<v Speaker 1>marijuana in the state. And sure, and my suspicion is

0:34:07.400 --> 0:34:10.920
<v Speaker 1>that this continues to get, uh grow more and more

0:34:10.960 --> 0:34:12.879
<v Speaker 1>and more, you know, and I think we'll probably start

0:34:12.920 --> 0:34:16.000
<v Speaker 1>to see this almost tipped for tat where a blues

0:34:16.120 --> 0:34:18.759
<v Speaker 1>like so So Texas did like that abortion law where

0:34:18.800 --> 0:34:21.280
<v Speaker 1>they said, hey, we're gonna find anybody who gets an abortion,

0:34:21.320 --> 0:34:23.440
<v Speaker 1>and then we'll see a blue state go okay, then

0:34:23.480 --> 0:34:26.520
<v Speaker 1>we'll find anybody who has a gun, right and then

0:34:27.280 --> 0:34:30.400
<v Speaker 1>and and it's definitely just so that they are driving

0:34:30.440 --> 0:34:33.120
<v Speaker 1>people out of these places where they want to have

0:34:33.200 --> 0:34:38.399
<v Speaker 1>complete in um, you know, unchallenged political control. Yeah, it's

0:34:38.400 --> 0:34:43.720
<v Speaker 1>like a new type of gerrymandering, but ideological. Yeah, it's interesting. Well,

0:34:43.880 --> 0:34:46.640
<v Speaker 1>what happens is at the at the end, when things

0:34:46.800 --> 0:34:48.480
<v Speaker 1>start changing, you get a lot of faltilities. So in

0:34:48.480 --> 0:34:52.880
<v Speaker 1>the financial market, mostly a financial analyst most of my channels,

0:34:53.840 --> 0:34:57.360
<v Speaker 1>and uh, whenever you get the price runs up hig high, high, higher,

0:34:57.400 --> 0:34:59.640
<v Speaker 1>it goes in like this parabolic run before it like

0:34:59.680 --> 0:35:01.520
<v Speaker 1>has a low off top and it crashes and at

0:35:01.520 --> 0:35:04.200
<v Speaker 1>the top it gets very volatile. It goes up and down,

0:35:04.280 --> 0:35:05.800
<v Speaker 1>up and down, and that's kind of what we're seeing.

0:35:05.840 --> 0:35:09.840
<v Speaker 1>We're in this blowoff top and uh, it's becoming very volatile.

0:35:09.880 --> 0:35:12.480
<v Speaker 1>And I'm suspecting that we're going to see more the

0:35:12.560 --> 0:35:15.360
<v Speaker 1>states fighting against the Federal Reserve. And I think it

0:35:15.400 --> 0:35:19.239
<v Speaker 1>really started back, maybe started sooner, but in the last

0:35:19.239 --> 0:35:21.840
<v Speaker 1>election cycle, we saw a lot of challenges go to

0:35:21.880 --> 0:35:23.520
<v Speaker 1>the Supreme Court. Supreme courtse I, no, that's up to

0:35:23.560 --> 0:35:25.520
<v Speaker 1>the states, and now we're going to deal with that UM.

0:35:25.600 --> 0:35:27.120
<v Speaker 1>And now we're starting to see that more and more.

0:35:27.320 --> 0:35:31.120
<v Speaker 1>We saw I don't know half a dozen half of

0:35:31.160 --> 0:35:33.840
<v Speaker 1>the United States, I think, like filed lawsuits against the

0:35:33.840 --> 0:35:35.960
<v Speaker 1>Fed on like mandates that they put into place, if

0:35:35.960 --> 0:35:39.760
<v Speaker 1>you remember that UM. And now while the White House

0:35:39.920 --> 0:35:42.600
<v Speaker 1>executive orders and the Treasury trying to ramp up regulations

0:35:42.600 --> 0:35:46.239
<v Speaker 1>on cryptocurrencies, we have Arizona and Texas saying no, we're

0:35:46.239 --> 0:35:50.000
<v Speaker 1>gonna make it legal tender. So interesting. I don't know

0:35:50.080 --> 0:35:52.799
<v Speaker 1>what's gonna happen, but it's it's interesting, and we're gonna

0:35:52.800 --> 0:35:55.840
<v Speaker 1>be updating on this all the time. Now, in my opinion,

0:35:56.719 --> 0:35:59.920
<v Speaker 1>it's awesome. I love to see this. Well, it's awesome

0:36:00.080 --> 0:36:02.840
<v Speaker 1>if you're a portable person who hasn't anchored somewhere on

0:36:02.880 --> 0:36:05.640
<v Speaker 1>your family farm, because then you can just move where

0:36:05.800 --> 0:36:09.520
<v Speaker 1>it is that you belong. Yeah, I mean that's true. Uh,

0:36:09.560 --> 0:36:11.680
<v Speaker 1>it is unfortunate for people that don't have that ability

0:36:11.680 --> 0:36:13.080
<v Speaker 1>if there are a tree and they can't move, but

0:36:13.120 --> 0:36:15.120
<v Speaker 1>most people, most people aren't trees well, and I feel

0:36:15.200 --> 0:36:18.080
<v Speaker 1>so bad for people can't afford to move. I mean, now,

0:36:18.080 --> 0:36:19.520
<v Speaker 1>if you live on a farm, then you're probably not

0:36:19.520 --> 0:36:21.239
<v Speaker 1>affected by any of this, So you're probably okay if

0:36:21.239 --> 0:36:23.319
<v Speaker 1>you're on a farm. But other than that, yeah, it is.

0:36:23.360 --> 0:36:25.680
<v Speaker 1>It is unfortunate, and unfortunately, the poor people are the

0:36:25.719 --> 0:36:27.719
<v Speaker 1>ones who suffer the most through these things. They're the

0:36:27.719 --> 0:36:29.440
<v Speaker 1>ones that feel the effects of inflation the most. But

0:36:29.960 --> 0:36:33.719
<v Speaker 1>in my opinion, through my research, my thesis is that

0:36:33.800 --> 0:36:37.720
<v Speaker 1>what breaks this trend of going to authoritarianism is competition,

0:36:38.200 --> 0:36:40.880
<v Speaker 1>and we need the states to be able to compete.

0:36:41.120 --> 0:36:43.880
<v Speaker 1>We can't have all this federalism. We need the states

0:36:43.880 --> 0:36:45.880
<v Speaker 1>to be able to compete and then we can truly

0:36:45.960 --> 0:36:48.439
<v Speaker 1>vote with our feet and our money. Now you're listening

0:36:48.480 --> 0:36:50.560
<v Speaker 1>to the markmas Show, we're talking about bitcoin, We're talking

0:36:50.600 --> 0:36:54.600
<v Speaker 1>about this decentralized revolution that's happening right now, and I'm

0:36:54.640 --> 0:36:57.200
<v Speaker 1>showing you how it's playing out in real time with

0:36:57.480 --> 0:37:00.520
<v Speaker 1>the federal governments trying to crack down, the eights trying

0:37:00.520 --> 0:37:03.680
<v Speaker 1>to exert their power and their rights, and uh, I'll

0:37:03.760 --> 0:37:05.520
<v Speaker 1>keep you up to date. Thanks for listening to The

0:37:05.560 --> 0:37:06.160
<v Speaker 1>Mark Mars Show.