1 00:00:00,160 --> 00:00:03,840 Speaker 1: Welcome, Welcome, Welcome. You are listening to the Mark Ma Show. 2 00:00:03,960 --> 00:00:06,040 Speaker 1: And of course, if you've been tuned in every week, 3 00:00:06,080 --> 00:00:08,600 Speaker 1: you already know. We are talking about bitcoin, we're talking 4 00:00:08,640 --> 00:00:13,800 Speaker 1: about cryptocurrencies, We're talking about the decentralized Revolution. I'm bringing 5 00:00:13,800 --> 00:00:16,880 Speaker 1: you the most up to date information on a regular 6 00:00:16,960 --> 00:00:19,320 Speaker 1: basis so you can stay informed, so you can take 7 00:00:19,320 --> 00:00:23,439 Speaker 1: advantage of what is seriously, literally, I'm not trying to 8 00:00:23,440 --> 00:00:26,840 Speaker 1: exaggerate the biggest opportunity that you'll ever see in your life, 9 00:00:27,360 --> 00:00:29,000 Speaker 1: not just not just your life, in my life, but 10 00:00:29,160 --> 00:00:32,519 Speaker 1: multiple generations. It's literally that big. It's a it's a 11 00:00:32,560 --> 00:00:37,360 Speaker 1: technological revolution. It's already making people millionaires and billionaires, and 12 00:00:37,520 --> 00:00:40,239 Speaker 1: you need to take advantage of this if you're not already. 13 00:00:40,560 --> 00:00:42,519 Speaker 1: And so I'm trying to bring you that information each 14 00:00:42,560 --> 00:00:45,720 Speaker 1: and every week so you can take advantage of it. Bitcoin, 15 00:00:45,920 --> 00:00:49,320 Speaker 1: cryptocurrencies and the decentralized revolution. Now, just real quick, if 16 00:00:49,320 --> 00:00:51,800 Speaker 1: you're listening, you know how important this is. You don't 17 00:00:51,800 --> 00:00:53,640 Speaker 1: want to miss it, So grab your phone, put a 18 00:00:53,680 --> 00:00:56,160 Speaker 1: reminder the station this time, this channel, and make sure 19 00:00:56,160 --> 00:00:57,640 Speaker 1: to tune in with me each and every week, because 20 00:00:58,120 --> 00:01:01,360 Speaker 1: I am going to be giving you is asymmetric information 21 00:01:01,360 --> 00:01:04,000 Speaker 1: that means information most people don't have. You'll be more 22 00:01:04,000 --> 00:01:06,039 Speaker 1: informed than most people. You'll be able to go to 23 00:01:06,080 --> 00:01:08,920 Speaker 1: that party and you'll seem like the most knowledgeable guy 24 00:01:08,959 --> 00:01:11,080 Speaker 1: there because you've been listening to the Markmas Show and 25 00:01:11,120 --> 00:01:13,600 Speaker 1: I'm filling you in on the most important things. Now, 26 00:01:13,959 --> 00:01:16,000 Speaker 1: let's just go ahead and jump right into it. Now. 27 00:01:16,400 --> 00:01:17,760 Speaker 1: If you listen to me each and every week, you 28 00:01:17,800 --> 00:01:20,360 Speaker 1: know I say over and over and over that the 29 00:01:20,400 --> 00:01:23,680 Speaker 1: price is a short term distraction. All right, it's a 30 00:01:23,720 --> 00:01:27,039 Speaker 1: short term distraction, but it's also what I like to 31 00:01:27,080 --> 00:01:30,280 Speaker 1: call a loss leader. It's the bait and switch. It 32 00:01:30,360 --> 00:01:33,760 Speaker 1: baits you in on the price. I'm hoping to make 33 00:01:33,800 --> 00:01:36,360 Speaker 1: more U S dollars, I'm hoping to increase my US 34 00:01:36,440 --> 00:01:38,959 Speaker 1: dollar stack. So it baits you in with hopes of 35 00:01:38,959 --> 00:01:43,840 Speaker 1: getting rich, and then it switches you into understanding this 36 00:01:43,920 --> 00:01:46,679 Speaker 1: is a tool for freedom. This is a tool to 37 00:01:46,920 --> 00:01:49,480 Speaker 1: change the world for the better. It's going to be 38 00:01:49,480 --> 00:01:51,480 Speaker 1: an amazing world on the other side of this when 39 00:01:51,480 --> 00:01:54,600 Speaker 1: we have a bitcoin standard. Now, but let's talk about 40 00:01:54,600 --> 00:01:56,080 Speaker 1: the price, because it is the bait and switch. It 41 00:01:56,160 --> 00:01:58,280 Speaker 1: is the bait that brings you in. And of course, 42 00:01:58,640 --> 00:02:01,440 Speaker 1: if you're paying attention to Bitcoin in the cryptocurrency space 43 00:02:01,480 --> 00:02:04,280 Speaker 1: at all, then you probably already know by now, and 44 00:02:04,320 --> 00:02:08,440 Speaker 1: if you don't, Bitcoin hit a new all time high 45 00:02:08,760 --> 00:02:10,880 Speaker 1: this week. As a matter of fact, we got up 46 00:02:10,919 --> 00:02:13,760 Speaker 1: over sixty eight thousand. I think we almost got to 47 00:02:13,919 --> 00:02:19,320 Speaker 1: sixty nine thousand dollars sixty nine sixty nine thousand US dollars, 48 00:02:19,360 --> 00:02:24,200 Speaker 1: that is, uh, the entire cryptocurrency markets market cap jumped 49 00:02:24,280 --> 00:02:27,520 Speaker 1: up as well. We hit the three trillion dollar market cap, 50 00:02:27,760 --> 00:02:30,480 Speaker 1: which is amazing. So the market cap basically means um 51 00:02:30,560 --> 00:02:33,560 Speaker 1: all the existing token. So like with bitcoin, for example, 52 00:02:33,560 --> 00:02:35,560 Speaker 1: there will never be more than twenty one million bitcoin, 53 00:02:36,200 --> 00:02:38,760 Speaker 1: but right now there's somewhere about eighteen and a half 54 00:02:38,800 --> 00:02:41,919 Speaker 1: a million that are already in circulation. The rest will 55 00:02:41,960 --> 00:02:43,560 Speaker 1: come out at some point. And so you take the 56 00:02:43,600 --> 00:02:46,359 Speaker 1: price of one bitcoin, so at sixty eight thousand, for example, 57 00:02:46,880 --> 00:02:50,160 Speaker 1: UM times the existing supply UM, then you get the 58 00:02:50,160 --> 00:02:53,680 Speaker 1: market cap. So right now hims the existing supply UM, 59 00:02:53,760 --> 00:02:56,639 Speaker 1: then you get the market cap. So right now bitcoin 60 00:02:56,800 --> 00:03:00,519 Speaker 1: is about sixty five thousand, there's about eighteen point eight 61 00:03:00,680 --> 00:03:02,919 Speaker 1: million in circulation. So you take the sixty five thousand 62 00:03:02,960 --> 00:03:04,760 Speaker 1: times the eighteen point eight and it gives you a 63 00:03:04,800 --> 00:03:08,880 Speaker 1: market cap of about one point two trillion dollars. So 64 00:03:08,919 --> 00:03:11,760 Speaker 1: that's kind of how that works. And just if you're wondering, now, um, 65 00:03:11,800 --> 00:03:13,640 Speaker 1: one thing that's a little bit misleading about the market 66 00:03:13,639 --> 00:03:17,400 Speaker 1: cap is it's the market cap, um, it's the price 67 00:03:17,440 --> 00:03:19,679 Speaker 1: of the coin itself. Or so for if we're talking 68 00:03:19,680 --> 00:03:22,799 Speaker 1: about ethereum, it's about forty seven hundred dollars, and there's 69 00:03:22,840 --> 00:03:27,400 Speaker 1: about a hundred and sixty six uh forty seven hundred dollars, 70 00:03:27,440 --> 00:03:31,920 Speaker 1: and there's about a hundred and eighteen million ethereum in circulation, 71 00:03:32,400 --> 00:03:34,000 Speaker 1: and so then you would take the forty seven hundred 72 00:03:34,000 --> 00:03:36,040 Speaker 1: times the hundred eighteen million in circulation gets you about 73 00:03:36,040 --> 00:03:38,640 Speaker 1: a market cap of about five hundred and sixty one 74 00:03:38,800 --> 00:03:41,760 Speaker 1: billion dollars. Now it's a little bit misleading about those numbers. 75 00:03:41,760 --> 00:03:45,160 Speaker 1: Just so you know, is that tells you the dollar 76 00:03:45,200 --> 00:03:49,360 Speaker 1: amount of one unit times the amount of circulating supply. 77 00:03:50,000 --> 00:03:52,760 Speaker 1: No different if you're talking about Tesla stock or Facebook stock, 78 00:03:52,880 --> 00:03:55,240 Speaker 1: or I guess I should say, now the Meta stock. 79 00:03:55,680 --> 00:03:57,760 Speaker 1: I don't know if they've officially switched over yet, but um, 80 00:03:57,760 --> 00:03:59,560 Speaker 1: you would take the price of that stock times the 81 00:03:59,600 --> 00:04:03,080 Speaker 1: circulating supply. But it's a little bit misleading because what 82 00:04:03,160 --> 00:04:05,120 Speaker 1: we typically like to do as investors, we want to 83 00:04:05,120 --> 00:04:08,960 Speaker 1: know what the fully diluted supply is, the fully diluted 84 00:04:08,960 --> 00:04:10,720 Speaker 1: market cap, So what does that mean. So we take 85 00:04:10,760 --> 00:04:13,120 Speaker 1: the price of bitcoin at sixty four thousand or sixty 86 00:04:13,120 --> 00:04:16,360 Speaker 1: five thousand times not the circulating supply which is about 87 00:04:16,400 --> 00:04:20,599 Speaker 1: eighteen almost nineteen million, but times the fully diluted So 88 00:04:20,600 --> 00:04:22,559 Speaker 1: with bitcoin there will never be more than twenty one million, 89 00:04:22,720 --> 00:04:25,760 Speaker 1: So you take the twenty one million times the price, 90 00:04:25,839 --> 00:04:28,400 Speaker 1: and that's a fully diluted market cap UM. When you're 91 00:04:28,400 --> 00:04:31,960 Speaker 1: looking at stocks again, Tesla, Facebook, Google, et cetera, UM, 92 00:04:32,040 --> 00:04:35,360 Speaker 1: they have they have a max right, they can't just 93 00:04:35,400 --> 00:04:37,760 Speaker 1: create more Tesla stock out of thin air. Now sometimes 94 00:04:37,800 --> 00:04:40,440 Speaker 1: they split it, but that doesn't make more of it, 95 00:04:40,440 --> 00:04:43,240 Speaker 1: It just divides it more UM. And so you would 96 00:04:43,279 --> 00:04:46,760 Speaker 1: talk typically talk about the fully diluted price UM. And 97 00:04:46,760 --> 00:04:49,680 Speaker 1: it's important to understand because with cryptocurrencies, a lot of them, 98 00:04:49,800 --> 00:04:52,440 Speaker 1: like etheroryum for example, we don't know how many there 99 00:04:52,440 --> 00:04:56,200 Speaker 1: will be pausi for dramatic effect. There again, we don't 100 00:04:56,200 --> 00:04:58,840 Speaker 1: know how many there will be. So if they always 101 00:04:58,880 --> 00:05:01,080 Speaker 1: continue to make more and more more with no end insight, 102 00:05:01,160 --> 00:05:02,720 Speaker 1: how do I know how much it's gonna be worth? 103 00:05:02,880 --> 00:05:05,360 Speaker 1: Because what happens is um and and let me give 104 00:05:05,360 --> 00:05:08,040 Speaker 1: you some examples of some real world so this week, 105 00:05:08,360 --> 00:05:10,680 Speaker 1: UM so a little bit about me. By the way, 106 00:05:10,720 --> 00:05:12,839 Speaker 1: you listening to the Markma Show talking about bitcoin and 107 00:05:12,839 --> 00:05:15,440 Speaker 1: cryptocurrencies and the decentralized revolution. And I'm trying to bring 108 00:05:15,440 --> 00:05:17,720 Speaker 1: you the information you need to get ahead. Um And 109 00:05:17,760 --> 00:05:19,680 Speaker 1: I'm an investor. I've been a full time investor for 110 00:05:19,760 --> 00:05:22,840 Speaker 1: over twenty five years. Um And this week I got 111 00:05:22,880 --> 00:05:25,880 Speaker 1: into three private deals. So these are you know, venture 112 00:05:26,279 --> 00:05:28,520 Speaker 1: venture around prep pre I p O kind of deals. 113 00:05:29,360 --> 00:05:32,440 Speaker 1: And I want to know what price I'm investing at. 114 00:05:32,560 --> 00:05:34,160 Speaker 1: So one of the deals I got into is a 115 00:05:34,200 --> 00:05:37,200 Speaker 1: forty million dollar evaluation um And I want to know 116 00:05:37,240 --> 00:05:40,040 Speaker 1: what that fully diluted is. And because what happens is 117 00:05:40,080 --> 00:05:43,080 Speaker 1: once I buy it at that amount, they can't print more, 118 00:05:43,240 --> 00:05:45,240 Speaker 1: they can't create more stock because it would dilute me. 119 00:05:45,240 --> 00:05:47,880 Speaker 1: It would make my existing stock worth less. So you 120 00:05:47,880 --> 00:05:49,920 Speaker 1: wouldn't want to do that, right, It makes sense if 121 00:05:49,920 --> 00:05:51,640 Speaker 1: you held Tesla stock, you wouldn't want Tesla to go 122 00:05:51,680 --> 00:05:54,799 Speaker 1: increase the amount of Tesla stock either. But cryptocurrencies are different, 123 00:05:54,800 --> 00:05:57,359 Speaker 1: where most of these cryptocurrencies, we don't know what the 124 00:05:57,440 --> 00:06:00,480 Speaker 1: fixed supply is. And to me, that's the problem, Right, 125 00:06:00,560 --> 00:06:03,280 Speaker 1: how do I know what valuation I'm going for? So, 126 00:06:03,320 --> 00:06:06,000 Speaker 1: for example, in this private deal, I'll talk about more 127 00:06:06,160 --> 00:06:10,200 Speaker 1: about it later and maybe some different episodes. Um. And actually, 128 00:06:10,240 --> 00:06:12,080 Speaker 1: if you want to hear more about some private deals 129 00:06:12,120 --> 00:06:14,760 Speaker 1: I'm doing in these spaces, UM, send me a message 130 00:06:14,760 --> 00:06:18,440 Speaker 1: on social media Twitter. I'm superactive on Twitter, Instagram at 131 00:06:18,520 --> 00:06:20,960 Speaker 1: one Mark Moss and uh, you know, give me some 132 00:06:21,000 --> 00:06:22,400 Speaker 1: feedback if you want to talk about more of that, 133 00:06:22,520 --> 00:06:25,120 Speaker 1: I can. But basically my point is is I look 134 00:06:25,160 --> 00:06:27,919 Speaker 1: at this company and I'm investing at a forty million 135 00:06:27,920 --> 00:06:32,200 Speaker 1: dollar valuation. That's a lot for a startup, right, Well, shoot, 136 00:06:32,240 --> 00:06:34,960 Speaker 1: how much could this startup be worth? Could it be 137 00:06:35,000 --> 00:06:39,120 Speaker 1: worth five million? Four million? Could be could could have 138 00:06:39,160 --> 00:06:41,520 Speaker 1: a ten x? Could it be worth a billion? Could 139 00:06:41,560 --> 00:06:43,400 Speaker 1: have a twenty x? Right, And so I'm trying to 140 00:06:43,400 --> 00:06:45,960 Speaker 1: say what could this company eventually be and then what 141 00:06:46,000 --> 00:06:48,440 Speaker 1: would my return be if I if I held it 142 00:06:48,520 --> 00:06:51,480 Speaker 1: until that point? Um? But I know that because they 143 00:06:51,520 --> 00:06:55,360 Speaker 1: can't create more shares, So with bitcoin, they can't create 144 00:06:55,400 --> 00:06:57,920 Speaker 1: more shares, and so I know, hey, bitcoin could absorb 145 00:06:58,000 --> 00:07:00,400 Speaker 1: you know, the gold industry that's potential and dollars, could 146 00:07:00,400 --> 00:07:03,200 Speaker 1: absorb the offshore banking industry that's um you know, thirty 147 00:07:03,240 --> 00:07:05,960 Speaker 1: to forty trillion dollars. It could absorb the debt market. 148 00:07:06,000 --> 00:07:09,080 Speaker 1: There's no two sillion dollars. And so eventually bitcoin could 149 00:07:09,120 --> 00:07:11,880 Speaker 1: be worth you know, hundreds of tillions of dollars. And 150 00:07:12,000 --> 00:07:14,080 Speaker 1: I know, based off the amount of tokens I have, 151 00:07:14,240 --> 00:07:16,480 Speaker 1: what that will be worth. But if you're holding something else, 152 00:07:16,520 --> 00:07:19,080 Speaker 1: another token that could just continue to print and print 153 00:07:19,080 --> 00:07:21,960 Speaker 1: and print create more tokens, then it doesn't ever tell 154 00:07:22,000 --> 00:07:25,360 Speaker 1: you what your valuation would because it's inflating spites devaluing 155 00:07:25,800 --> 00:07:28,320 Speaker 1: you're holdings at the same time. So anyway, hopefully that 156 00:07:28,320 --> 00:07:30,040 Speaker 1: that helps you out with your with a little bit 157 00:07:30,040 --> 00:07:32,760 Speaker 1: of investing lesson. That's a that's an important thing, especially 158 00:07:32,760 --> 00:07:34,440 Speaker 1: if you're gonna be putting your money into some of 159 00:07:34,520 --> 00:07:37,880 Speaker 1: these these projects that are kind of like venture plays. 160 00:07:38,800 --> 00:07:40,760 Speaker 1: But anyway, back to bitcoin. So we we did hit 161 00:07:40,800 --> 00:07:43,600 Speaker 1: that you know, sixty eight sixty nine thousand price point 162 00:07:43,680 --> 00:07:47,720 Speaker 1: this week, and then it quickly turned down like everybody 163 00:07:47,800 --> 00:07:49,400 Speaker 1: was like no. As a matter of fact, it was 164 00:07:49,400 --> 00:07:52,240 Speaker 1: about about sixty nine thousand dollars and then it just 165 00:07:52,280 --> 00:07:56,360 Speaker 1: got rejected and went down and crashed, and uh, everybody's 166 00:07:56,360 --> 00:07:58,360 Speaker 1: freaking out because it dropped all the way down to 167 00:07:58,360 --> 00:08:00,640 Speaker 1: the price where it was like two days before. But 168 00:08:00,680 --> 00:08:02,080 Speaker 1: you know, that's the thing. It's just volatile, and you 169 00:08:02,160 --> 00:08:05,720 Speaker 1: gotta be gotta be willing to stomach those drops. But 170 00:08:06,000 --> 00:08:10,680 Speaker 1: as I say, the price is a distraction because if 171 00:08:10,680 --> 00:08:12,440 Speaker 1: you're with me to every week, you know there's two 172 00:08:12,480 --> 00:08:14,280 Speaker 1: things that you need to be paying attention to in 173 00:08:14,360 --> 00:08:19,560 Speaker 1: new technologies like cryptocurrencies, and that is one the network growth, 174 00:08:19,640 --> 00:08:21,600 Speaker 1: how many users are coming on board, how fast is 175 00:08:21,600 --> 00:08:25,800 Speaker 1: that network growing, And to how much development is being 176 00:08:25,840 --> 00:08:29,320 Speaker 1: done on the technology itself. Obviously, if there's no developers 177 00:08:29,360 --> 00:08:31,320 Speaker 1: and they're not developing anything new and it's dead, then 178 00:08:31,520 --> 00:08:33,320 Speaker 1: it's I wouldn't expect to go up in value. And 179 00:08:33,360 --> 00:08:35,439 Speaker 1: also if the users weren't increasing, I wouldn't expect to 180 00:08:35,480 --> 00:08:37,520 Speaker 1: gop in value. So I watched those two things, and 181 00:08:37,520 --> 00:08:39,640 Speaker 1: then the price will eventually get where the price is 182 00:08:39,679 --> 00:08:44,760 Speaker 1: going to be. And this week we have had some massive, 183 00:08:45,200 --> 00:08:49,120 Speaker 1: massive developments on those two levers, both the network growth 184 00:08:49,200 --> 00:08:52,880 Speaker 1: and the development on the network, And uh, I'm gonna 185 00:08:52,920 --> 00:08:54,800 Speaker 1: tell you what those are, because again, those are the 186 00:08:54,800 --> 00:08:58,600 Speaker 1: things that you should be watching for. Um. So we'll 187 00:08:58,600 --> 00:09:00,160 Speaker 1: talk about that. By the way, you're listening to the 188 00:09:00,160 --> 00:09:03,479 Speaker 1: markma Show. We're talking about bitcoin, we're talking about cryptocurrencies, 189 00:09:03,520 --> 00:09:06,120 Speaker 1: and we're talking about the decentralized revolution. I'm bringing you 190 00:09:06,640 --> 00:09:10,120 Speaker 1: the latest news each and every week so you can 191 00:09:10,160 --> 00:09:14,760 Speaker 1: take advantage of this asymmetical opportunity. Like I said, there's millionaires, 192 00:09:14,800 --> 00:09:18,640 Speaker 1: there's billionaires being made. You can be one of them 193 00:09:18,679 --> 00:09:20,440 Speaker 1: if you get in now. Now. I know a lot 194 00:09:20,440 --> 00:09:21,960 Speaker 1: of people say it's too late. You know, I should 195 00:09:21,960 --> 00:09:24,400 Speaker 1: have bought five years ago. Um, And I'll say that. 196 00:09:24,480 --> 00:09:25,760 Speaker 1: You know, the best time to plane a tree was 197 00:09:25,760 --> 00:09:27,880 Speaker 1: twenty years ago, but the second best time to planet 198 00:09:27,880 --> 00:09:30,920 Speaker 1: tree is today. And in five years from now, you'll 199 00:09:30,960 --> 00:09:34,959 Speaker 1: be wishing you had bought cryptocurrencies today, five years before. 200 00:09:35,440 --> 00:09:36,719 Speaker 1: So you're listening to the Mark More Show. When we 201 00:09:36,760 --> 00:09:39,320 Speaker 1: come back, I'm gonna tell you what is going on 202 00:09:39,400 --> 00:09:41,640 Speaker 1: with the network growth and the development on the network. 203 00:09:41,960 --> 00:09:44,800 Speaker 1: So stick with me. I'll be right back. Hey, welcome back. 204 00:09:44,840 --> 00:09:47,600 Speaker 1: You are listening to the Mark mass Show. We are 205 00:09:47,640 --> 00:09:50,679 Speaker 1: talking about bitcoin, we're talking about cryptocurrencies, we're talking about 206 00:09:50,679 --> 00:09:55,400 Speaker 1: the decentralized revolution. It's sweeping the world by storm. And 207 00:09:55,400 --> 00:09:57,320 Speaker 1: if you're not paying attention, I don't know where the 208 00:09:57,360 --> 00:10:01,760 Speaker 1: heck you have been. I mean, it is dominant, aiding headlines. Well, 209 00:10:01,800 --> 00:10:04,280 Speaker 1: I guess there's plenty of other bad things going on 210 00:10:04,280 --> 00:10:07,240 Speaker 1: in the world today. That's a that's taking up some 211 00:10:07,280 --> 00:10:09,199 Speaker 1: headlines as well. But we're gonna focus on the good things. 212 00:10:09,200 --> 00:10:11,400 Speaker 1: We're gonna talk about how we can change the world. 213 00:10:11,440 --> 00:10:12,920 Speaker 1: We're gonna talk about how we can make some money 214 00:10:12,920 --> 00:10:15,400 Speaker 1: along the way. And before the break, I was explaining 215 00:10:15,440 --> 00:10:17,600 Speaker 1: how you know, the price is a distraction, but I 216 00:10:17,640 --> 00:10:19,520 Speaker 1: talked about the price because of that bait and switch. 217 00:10:19,720 --> 00:10:21,000 Speaker 1: But I was saying that the two things we really 218 00:10:21,000 --> 00:10:22,840 Speaker 1: want to pay attention to our the network growth and 219 00:10:22,840 --> 00:10:26,240 Speaker 1: the development that's being done on the network. And so 220 00:10:26,280 --> 00:10:27,839 Speaker 1: those are the two things that we always want to 221 00:10:27,840 --> 00:10:30,320 Speaker 1: be paying attention to. And so this week, man, I 222 00:10:30,360 --> 00:10:32,080 Speaker 1: mean just every week. That's why you have to be 223 00:10:32,080 --> 00:10:35,200 Speaker 1: paying attention to this. This week we had big news, 224 00:10:35,360 --> 00:10:39,640 Speaker 1: big big, big time development is is going on and um, 225 00:10:39,760 --> 00:10:41,560 Speaker 1: a matter of fact, what we saw this week a 226 00:10:41,600 --> 00:10:44,240 Speaker 1: couple of big things. One Twitter, which is probably my 227 00:10:44,280 --> 00:10:46,920 Speaker 1: favorite social media app, by the way, if you're following, 228 00:10:46,960 --> 00:10:49,560 Speaker 1: if you're on Twitter, you should follow me one Mark Moss. 229 00:10:49,600 --> 00:10:52,440 Speaker 1: That's just the number one Mark Moss. Sammy a message, 230 00:10:52,440 --> 00:10:55,400 Speaker 1: tell me you heard me here. But the CEO of Twitter, 231 00:10:55,520 --> 00:10:59,280 Speaker 1: Jack Dorsey, he is a big, big, big time Bitcoin bowl. 232 00:10:59,440 --> 00:11:01,559 Speaker 1: We call him a bold meaning he's bullish, meaning he 233 00:11:01,559 --> 00:11:04,679 Speaker 1: he believes in it. He's a he's long bitcoin and um, 234 00:11:04,679 --> 00:11:07,760 Speaker 1: he's been long bitcoin. And Twitter announced that they are 235 00:11:07,880 --> 00:11:12,000 Speaker 1: launching a dedicated crypto team. So the social media company 236 00:11:12,000 --> 00:11:15,480 Speaker 1: said Wednesday it is assembling a team called Twitter t 237 00:11:15,800 --> 00:11:19,240 Speaker 1: W t R Twitter Crypto to look into ways to 238 00:11:19,320 --> 00:11:21,920 Speaker 1: help creators on the app to earn money or accept 239 00:11:21,920 --> 00:11:25,520 Speaker 1: cryptocurrencies such as bitcoin for payment and other ways to 240 00:11:25,640 --> 00:11:30,960 Speaker 1: use blockchain technology. Oh so they're gonna do a bunch 241 00:11:31,000 --> 00:11:35,959 Speaker 1: of development on bitcoin for payment. Now, for some of 242 00:11:36,040 --> 00:11:37,680 Speaker 1: you that have been tuned in each and every week, 243 00:11:37,720 --> 00:11:40,000 Speaker 1: then you probably know that there is already a little 244 00:11:40,040 --> 00:11:43,120 Speaker 1: bitcoin integration into Twitter. So I have it on my 245 00:11:43,600 --> 00:11:46,040 Speaker 1: on my account. Most people do. And so again, if 246 00:11:46,040 --> 00:11:47,840 Speaker 1: you're on Twitter, send me a message and maybe send 247 00:11:47,840 --> 00:11:51,360 Speaker 1: me some stats. But basically right in Twitter, right on 248 00:11:51,440 --> 00:11:53,760 Speaker 1: your profile, there's like a little icon that looks like 249 00:11:53,760 --> 00:11:55,520 Speaker 1: a little bit of money, like a little dollar bill 250 00:11:55,600 --> 00:11:57,080 Speaker 1: kind of and you can click on it and you 251 00:11:57,080 --> 00:12:01,079 Speaker 1: can send either money dollars or you can send bitcoin 252 00:12:01,360 --> 00:12:03,400 Speaker 1: back and forth to other users on Twitter. So it's 253 00:12:03,400 --> 00:12:05,320 Speaker 1: already kind of in there. And so what they're saying 254 00:12:05,320 --> 00:12:08,200 Speaker 1: in this in this release is that they're looking for 255 00:12:08,320 --> 00:12:10,480 Speaker 1: ways that they can continue to do that to help 256 00:12:10,559 --> 00:12:16,200 Speaker 1: creators on the app to earn more money. Let's talk 257 00:12:16,240 --> 00:12:17,760 Speaker 1: about this, so that this is led by a new 258 00:12:17,840 --> 00:12:20,960 Speaker 1: higher software engineer, Test Renaisson. It's gonna report to Twitter's 259 00:12:21,000 --> 00:12:24,080 Speaker 1: chief technology officer, and they're looking to fill a couple 260 00:12:24,120 --> 00:12:26,240 Speaker 1: of roles there, and they say they're gonna set the 261 00:12:26,360 --> 00:12:31,120 Speaker 1: strategy for the future of crypto on Twitter. They see 262 00:12:31,160 --> 00:12:33,120 Speaker 1: how big this is going to be and they are 263 00:12:33,400 --> 00:12:36,760 Speaker 1: jumping in now. To to break this down a little bit, 264 00:12:36,800 --> 00:12:39,480 Speaker 1: I want you to understand this. So first of all, 265 00:12:39,600 --> 00:12:43,640 Speaker 1: we have the smartest people in the world coming into bitcoin. 266 00:12:43,800 --> 00:12:46,480 Speaker 1: I mean the smartest investors. I mean I'm talking old 267 00:12:46,600 --> 00:12:50,360 Speaker 1: dinosaurs like Ray Dalio and Stanley Druck and Miller and 268 00:12:50,440 --> 00:12:53,120 Speaker 1: Paul Judor Jones. I mean, these are the titans. These 269 00:12:53,160 --> 00:12:55,360 Speaker 1: are the biggest names I know. You know, Warren Buffett, 270 00:12:55,360 --> 00:12:56,959 Speaker 1: but he's kind of he's kind of passed his prime 271 00:12:57,200 --> 00:12:58,800 Speaker 1: the last couple of decades. He hasn't done too good. 272 00:12:58,840 --> 00:13:01,640 Speaker 1: But like I'm talking the Druck and Miller. Maybe don't 273 00:13:01,640 --> 00:13:03,520 Speaker 1: know these names if you don't not investing, but Radiality 274 00:13:03,520 --> 00:13:06,800 Speaker 1: you probably heard of. They're all on bitcoin, They've all 275 00:13:06,840 --> 00:13:09,360 Speaker 1: come over. And then you have some of the smartest 276 00:13:09,360 --> 00:13:12,360 Speaker 1: tech people like Twitter, like Jack Dorsey and so I 277 00:13:12,400 --> 00:13:14,280 Speaker 1: know a lot of you are listening to this right now, 278 00:13:14,320 --> 00:13:15,760 Speaker 1: by the way, you're listening to the Mark Moa show. 279 00:13:15,760 --> 00:13:18,280 Speaker 1: We're talking about bitcoin and cryptocurrencies, and you know a 280 00:13:18,320 --> 00:13:20,640 Speaker 1: lot of you are like, ah, it's it's a fad, 281 00:13:20,800 --> 00:13:23,559 Speaker 1: and know it's a scam, it's a joke, it's worthless, 282 00:13:23,840 --> 00:13:26,120 Speaker 1: it's going to be illegal, you know whatever, all these things, 283 00:13:26,160 --> 00:13:27,920 Speaker 1: and I would just ask you just to check your 284 00:13:27,920 --> 00:13:32,120 Speaker 1: own bias. Right. So, as humans, humans are horrible investors. 285 00:13:32,520 --> 00:13:34,880 Speaker 1: And the reason why humans are horrible investors is because 286 00:13:34,880 --> 00:13:38,640 Speaker 1: we're emotional beings. And as emotional beings, humans are really 287 00:13:38,679 --> 00:13:42,160 Speaker 1: motivated by only two things, and that is we're motivated 288 00:13:42,200 --> 00:13:45,920 Speaker 1: by UH to move towards pleasure and away from pain. 289 00:13:45,920 --> 00:13:48,240 Speaker 1: And we also have all these biases, and so we 290 00:13:48,280 --> 00:13:50,600 Speaker 1: have like normal cy bias. We think whatever is happening 291 00:13:51,280 --> 00:13:53,840 Speaker 1: now is normal and it will continue. And so we 292 00:13:53,880 --> 00:13:56,080 Speaker 1: have all these biases. And so I know a lot 293 00:13:56,120 --> 00:13:58,880 Speaker 1: of people think it's you know, I get five thousand 294 00:13:58,960 --> 00:14:01,480 Speaker 1: comments a week across my soul for media. I see it. 295 00:14:01,480 --> 00:14:04,400 Speaker 1: It's a joke, it's a scam, it's a fad, it's worthless, 296 00:14:04,440 --> 00:14:06,960 Speaker 1: all these things. But do you really think you're smarter 297 00:14:07,800 --> 00:14:11,320 Speaker 1: than the CEO of Twitter? Do you? Because that would 298 00:14:11,320 --> 00:14:14,680 Speaker 1: be a pretty boastful, prideful thing if you did, because 299 00:14:14,720 --> 00:14:18,720 Speaker 1: they're probably the most cutting edge social media platform out there. Uh, 300 00:14:18,840 --> 00:14:21,800 Speaker 1: you're probably not smarter than they are. I'm not. I'm 301 00:14:21,840 --> 00:14:24,600 Speaker 1: certainly not. You're probably not smarter than Stanley Druckon Miller 302 00:14:24,600 --> 00:14:28,240 Speaker 1: and Ray Dalio. You probably haven't studied financial markets, in 303 00:14:28,320 --> 00:14:31,080 Speaker 1: monetary the history of monetary systems like Ray Dalio. He's 304 00:14:31,080 --> 00:14:32,600 Speaker 1: one of the best when it comes to history of 305 00:14:32,600 --> 00:14:35,720 Speaker 1: monetary systems and credit cycles. That's his big thesis. So 306 00:14:36,240 --> 00:14:38,000 Speaker 1: I know a lot about that as a matter of fact, 307 00:14:38,000 --> 00:14:39,640 Speaker 1: that I do a lot of talk, a lot of 308 00:14:39,680 --> 00:14:42,200 Speaker 1: thesis about cycles, and I get a lot of what 309 00:14:42,240 --> 00:14:45,320 Speaker 1: I do from Ray Dalio. He's the master. So I 310 00:14:45,360 --> 00:14:47,520 Speaker 1: haven't done as much research as as he has, so 311 00:14:47,640 --> 00:14:49,600 Speaker 1: I'm definitely not smarter than him. And he sees it, 312 00:14:50,000 --> 00:14:53,080 Speaker 1: Paul Tutor Jones sees it, Stanley Druckon Millers and Twitter 313 00:14:53,120 --> 00:14:55,320 Speaker 1: sees it. So you may think you're smart, you may 314 00:14:55,360 --> 00:14:57,600 Speaker 1: think it's a joke of scam, a fat a trend, whatever. 315 00:14:58,560 --> 00:15:01,000 Speaker 1: But again I would just ask you to your bias. 316 00:15:01,080 --> 00:15:03,240 Speaker 1: All right, Now back to what they're saying here, I 317 00:15:03,240 --> 00:15:04,560 Speaker 1: want to I want to pull this piece up. So 318 00:15:04,600 --> 00:15:07,640 Speaker 1: they said that they're looking into ways to help creators 319 00:15:08,080 --> 00:15:11,320 Speaker 1: on the app to earn money, all right, creators to 320 00:15:11,360 --> 00:15:12,800 Speaker 1: earn money. Now, the first thing that I want to 321 00:15:12,840 --> 00:15:15,600 Speaker 1: say is that right now we're seeing this explosion of 322 00:15:15,640 --> 00:15:20,000 Speaker 1: cryptocurrencies and they're promising to you know, save the world. 323 00:15:20,080 --> 00:15:23,160 Speaker 1: Right we're gonna manage supply, let us on the supply 324 00:15:23,240 --> 00:15:26,360 Speaker 1: chain with cryptocurrency, and we're gonna buy movie tickets with 325 00:15:26,400 --> 00:15:30,640 Speaker 1: cryptocurrency and all these things. Right, well, we can already 326 00:15:30,640 --> 00:15:33,400 Speaker 1: buy movie tickets like that that that's not really broken. 327 00:15:33,800 --> 00:15:36,280 Speaker 1: And uh, I don't know the last time you got 328 00:15:36,320 --> 00:15:38,840 Speaker 1: excited about like a movie theater upgrading their software. But 329 00:15:38,880 --> 00:15:41,560 Speaker 1: like I don't even know what software. Movie theaters run 330 00:15:41,680 --> 00:15:46,360 Speaker 1: to sell tickets and frankly, I don't care. Frankly, I 331 00:15:46,360 --> 00:15:49,440 Speaker 1: don't care. Right, Uh, what is being done here? This 332 00:15:49,480 --> 00:15:52,800 Speaker 1: is a revolution with money and and that's that's what 333 00:15:52,840 --> 00:15:55,360 Speaker 1: it says. Here. We'll help creators on the app to 334 00:15:55,480 --> 00:15:59,080 Speaker 1: earn more money. It's the payments. The payments are the problem. 335 00:15:59,320 --> 00:16:02,200 Speaker 1: The payments are the problem in the world. So the dollar, 336 00:16:02,320 --> 00:16:05,920 Speaker 1: the money system is concentrated by the Central Bank, by 337 00:16:05,920 --> 00:16:08,760 Speaker 1: the Federal Reserve. They control the money supply. Remember back 338 00:16:08,800 --> 00:16:12,120 Speaker 1: to my lesson talking about the market cap. Well, they 339 00:16:12,120 --> 00:16:14,200 Speaker 1: can just print his many dollars they want whatever, and 340 00:16:14,200 --> 00:16:17,040 Speaker 1: that steals the value from my dollars. And so that's 341 00:16:17,040 --> 00:16:19,560 Speaker 1: a problem. But also the censorship of my money. So 342 00:16:19,640 --> 00:16:23,240 Speaker 1: for example, PayPal teamed up with the Anti Defamation League 343 00:16:23,240 --> 00:16:25,520 Speaker 1: and they made a list of all these people that 344 00:16:25,560 --> 00:16:28,040 Speaker 1: shouldn't be allowed to get payments. No, these are bad people. 345 00:16:28,080 --> 00:16:30,280 Speaker 1: These are bad people. Uh they're right wing, their left 346 00:16:30,320 --> 00:16:34,040 Speaker 1: wing whatever. Let's block payments to them like only fans. Uh, 347 00:16:34,120 --> 00:16:35,800 Speaker 1: you know reported they were gonna lose like eight percent 348 00:16:35,840 --> 00:16:38,520 Speaker 1: of their business. They were gonna stop doing uh you know, 349 00:16:38,680 --> 00:16:41,200 Speaker 1: adult material. We'll call it that. Um and I'm not 350 00:16:41,200 --> 00:16:42,640 Speaker 1: here to say that was good or bad. But the 351 00:16:42,680 --> 00:16:45,480 Speaker 1: point is is that who is anybody else to determine 352 00:16:45,480 --> 00:16:48,120 Speaker 1: who can and can't get money? Right? And so really 353 00:16:48,160 --> 00:16:50,960 Speaker 1: it's the payments, it's not the networks themselves. If we 354 00:16:51,000 --> 00:16:53,360 Speaker 1: can fix the payments, I think everything else will fix itself. 355 00:16:53,360 --> 00:16:56,720 Speaker 1: And that's exactly what they're attacking, right, That's exactly said 356 00:16:57,240 --> 00:17:00,000 Speaker 1: creators on the app to earn money. So as a creator, 357 00:17:00,080 --> 00:17:02,200 Speaker 1: I'm a content creator. I'm creating content talking to you 358 00:17:02,280 --> 00:17:06,400 Speaker 1: right now, and so, um, how do I get paid? Well, 359 00:17:06,440 --> 00:17:10,960 Speaker 1: imagine if my followers, my fans, my subscribers could pay 360 00:17:11,000 --> 00:17:14,040 Speaker 1: me directly for the content I provided, for the value 361 00:17:14,080 --> 00:17:17,200 Speaker 1: that is provided to me. Right in the world, we 362 00:17:17,280 --> 00:17:21,200 Speaker 1: get paid for the value we provide. So imagine if 363 00:17:21,280 --> 00:17:24,680 Speaker 1: I was working so hard to provide value to my 364 00:17:24,960 --> 00:17:28,800 Speaker 1: followers that they felt so inclined to send me money, 365 00:17:28,880 --> 00:17:30,720 Speaker 1: to tip me money, and they do. I mean I 366 00:17:30,760 --> 00:17:33,440 Speaker 1: do it on YouTube. I do like a power of 367 00:17:33,480 --> 00:17:35,800 Speaker 1: Power chat or whatever, and people can tip me money. Um, 368 00:17:35,840 --> 00:17:39,240 Speaker 1: And so I work hard to provide them value and 369 00:17:39,280 --> 00:17:42,040 Speaker 1: they pay me back directly and then I don't need intermediaries. 370 00:17:42,080 --> 00:17:44,480 Speaker 1: I don't need people in the middle that is going 371 00:17:44,520 --> 00:17:45,920 Speaker 1: to change the world. And the way it changes the 372 00:17:45,920 --> 00:17:48,320 Speaker 1: world is now, I'm focused on trying to provide as 373 00:17:48,400 --> 00:17:50,640 Speaker 1: much value as I can to you, and you can 374 00:17:50,720 --> 00:17:53,800 Speaker 1: bring that value back to me, and that's what Twitter 375 00:17:53,880 --> 00:17:56,520 Speaker 1: is doing. But there's actually another strategy. You know, if 376 00:17:56,520 --> 00:17:58,800 Speaker 1: you use these Twitter and Instagram and Facebook, you know 377 00:17:58,880 --> 00:18:03,760 Speaker 1: the spam and impersonal accounts are out of control and 378 00:18:03,840 --> 00:18:06,159 Speaker 1: they are going to fix that. I'm gonna explain that 379 00:18:06,160 --> 00:18:07,720 Speaker 1: to you when I get back. You're listening to the 380 00:18:07,720 --> 00:18:10,440 Speaker 1: Mark Moa Show. We're talking about bitcoin and cryptocurrencies and 381 00:18:10,440 --> 00:18:14,120 Speaker 1: the decentralized revolution. I'll be right back. All right, welcome back. 382 00:18:14,160 --> 00:18:16,120 Speaker 1: You are listening to the Mark ma Show and we're 383 00:18:16,160 --> 00:18:21,000 Speaker 1: talking about bitcoin. We're talking about cryptocurrencies, we're talking about 384 00:18:21,800 --> 00:18:25,840 Speaker 1: decentralized revolution. And before the break, I was talking about 385 00:18:25,880 --> 00:18:29,639 Speaker 1: how Twitter announced that they are assembling the team and 386 00:18:29,680 --> 00:18:32,800 Speaker 1: they're launching an entire new crypto initiative and they said 387 00:18:32,800 --> 00:18:34,760 Speaker 1: that they want to they're looking for ways to help 388 00:18:34,760 --> 00:18:38,119 Speaker 1: creators earn on the app. But what's really cool about 389 00:18:38,119 --> 00:18:39,840 Speaker 1: this and I was kind of talking about, you know, 390 00:18:39,920 --> 00:18:42,120 Speaker 1: how much of a revolution that's going to be when 391 00:18:42,200 --> 00:18:44,359 Speaker 1: creators can get paid directly from the people that benefit 392 00:18:44,400 --> 00:18:48,120 Speaker 1: from their content. Um. But um, you may not notice, 393 00:18:48,160 --> 00:18:51,280 Speaker 1: but if you use Twitter or Facebook or YouTube, you'd 394 00:18:51,320 --> 00:18:53,760 Speaker 1: probably have noticed by now that the amount of spam 395 00:18:53,840 --> 00:18:56,760 Speaker 1: on there is out of control. Now, me being a 396 00:18:56,800 --> 00:19:00,440 Speaker 1: content creator, I probably have dozens, at least douzens of 397 00:19:00,480 --> 00:19:03,920 Speaker 1: impersonator accounts every day. Um. And so there they copy 398 00:19:04,000 --> 00:19:07,320 Speaker 1: my entire Twitter profile, my entire Instagram profile, my my 399 00:19:07,480 --> 00:19:10,280 Speaker 1: YouTube profile, and they use my picture, they have my content, 400 00:19:10,280 --> 00:19:13,280 Speaker 1: and then they start direct messaging people. By the way, 401 00:19:13,840 --> 00:19:16,080 Speaker 1: let me give you a warning if you ever receive 402 00:19:16,160 --> 00:19:19,439 Speaker 1: a d M, a direct message from Mark Moss on 403 00:19:19,480 --> 00:19:24,119 Speaker 1: any of those platforms saying hello, how's your trading and 404 00:19:24,200 --> 00:19:27,959 Speaker 1: investments going? Let me help you make more money by trading. 405 00:19:28,320 --> 00:19:30,440 Speaker 1: Just I'm telling you right now, that's not me. I'm 406 00:19:30,480 --> 00:19:33,000 Speaker 1: not a trader. I don't I don't I don't trade. 407 00:19:33,080 --> 00:19:34,600 Speaker 1: I don't think you should trade. I ain't gonna help 408 00:19:34,640 --> 00:19:36,679 Speaker 1: you do it. So if you get a message just now, 409 00:19:36,760 --> 00:19:40,120 Speaker 1: it's probably from an impersonator. But it's become a massive problem, 410 00:19:40,119 --> 00:19:43,199 Speaker 1: and I mean a massive problem. And unfortunately, uh, like 411 00:19:43,240 --> 00:19:44,679 Speaker 1: I said, as a creator, is happening to me all 412 00:19:44,680 --> 00:19:47,120 Speaker 1: the time, and people are falling for this. I get 413 00:19:47,119 --> 00:19:49,480 Speaker 1: messages from people all the time that say they lost 414 00:19:49,640 --> 00:19:53,280 Speaker 1: five thousand dollars by sending it to these scammers, these impersonators. 415 00:19:53,640 --> 00:19:55,879 Speaker 1: It's a serious problem. And what what makes me mad 416 00:19:56,000 --> 00:20:00,320 Speaker 1: is that YouTube or or Twitter or whatever built they'll 417 00:20:00,320 --> 00:20:02,840 Speaker 1: censor my account. They'll ban my account if I use 418 00:20:02,960 --> 00:20:06,600 Speaker 1: one of these wrong words. They can see them even 419 00:20:06,600 --> 00:20:08,919 Speaker 1: in my video. They'll transcribe the video, they'll know if 420 00:20:09,000 --> 00:20:12,160 Speaker 1: I use the wrong word, and they'll ban me. Um. 421 00:20:12,200 --> 00:20:15,120 Speaker 1: But they can't stop these It's pretty interesting. They can't 422 00:20:15,160 --> 00:20:16,600 Speaker 1: stop that. I think they would be able to figure 423 00:20:16,600 --> 00:20:21,000 Speaker 1: it out. But Bitcoin is solving that. So what happens 424 00:20:21,080 --> 00:20:23,840 Speaker 1: is um there, they want to look for ways to 425 00:20:23,840 --> 00:20:25,399 Speaker 1: integrate this. So what they all all they have to 426 00:20:25,440 --> 00:20:27,399 Speaker 1: do is they have to put a little bit of 427 00:20:27,440 --> 00:20:32,080 Speaker 1: a fee in there. So actually interesting story. UM. A 428 00:20:32,119 --> 00:20:34,000 Speaker 1: lot of people think that bitcoin is kind of like 429 00:20:34,040 --> 00:20:36,840 Speaker 1: my Space and eventually like Facebook will come along like 430 00:20:36,880 --> 00:20:39,359 Speaker 1: one of these other ten thousand cryptocurrencies. Is the is 431 00:20:39,400 --> 00:20:42,960 Speaker 1: the Facebook and and bitcoin is the dinosaur that is, um, 432 00:20:43,080 --> 00:20:46,040 Speaker 1: you know, the old technology like PayPal, but that's I'm sorry, 433 00:20:46,040 --> 00:20:48,960 Speaker 1: like MySpace, but that's just not true. As a matter 434 00:20:48,960 --> 00:20:51,879 Speaker 1: of fact, they had been. There was I think about 435 00:20:51,880 --> 00:20:56,640 Speaker 1: five or six different versions of cryptocurrencies before Bitcoin came along, 436 00:20:56,640 --> 00:20:59,800 Speaker 1: starting from so for a decade there was about four 437 00:21:00,000 --> 00:21:07,439 Speaker 1: five pretty notable UM attempts or five pretty notable UM attempts. 438 00:21:08,160 --> 00:21:11,440 Speaker 1: One of the guys who who was one of the 439 00:21:11,440 --> 00:21:14,560 Speaker 1: founders of bitcoin that helped write it, Adam Back. He 440 00:21:14,640 --> 00:21:17,760 Speaker 1: was actually the the way that he kind of discovered 441 00:21:17,800 --> 00:21:20,080 Speaker 1: that bitcoin could work is that he was trying to 442 00:21:20,080 --> 00:21:22,720 Speaker 1: solve a problem with email spam, and he figured if 443 00:21:22,760 --> 00:21:24,840 Speaker 1: he could put a little bit of a cost onto 444 00:21:24,840 --> 00:21:27,040 Speaker 1: the email, it would prohibit spam. Because what spam does 445 00:21:27,359 --> 00:21:29,800 Speaker 1: is they just blast everybody, right, and so if they 446 00:21:29,800 --> 00:21:31,639 Speaker 1: had to pay even a little bit, like a like 447 00:21:31,680 --> 00:21:33,840 Speaker 1: a fraction of a penny even it would be too 448 00:21:33,840 --> 00:21:36,560 Speaker 1: cost prohibitive for them to do that. And so um, 449 00:21:36,560 --> 00:21:38,919 Speaker 1: they're looking for ways they can do that. So in Twitter, 450 00:21:39,000 --> 00:21:41,480 Speaker 1: for example, if they said to create an account, it's 451 00:21:41,600 --> 00:21:43,960 Speaker 1: you know, ten Satoshi's which is like a you know, 452 00:21:44,000 --> 00:21:46,120 Speaker 1: a tenth of a penny or something like that. Um, 453 00:21:46,200 --> 00:21:48,119 Speaker 1: So it's it's not it doesn't really cost me or 454 00:21:48,119 --> 00:21:50,800 Speaker 1: you anything, um, but it would be prohibited for spammers 455 00:21:50,880 --> 00:21:53,800 Speaker 1: to do that. Or to send to send messages, it 456 00:21:53,800 --> 00:21:55,760 Speaker 1: would cost you, you know, a fraction of a penny, 457 00:21:55,920 --> 00:21:57,680 Speaker 1: which to me or you is no big deal, but 458 00:21:57,760 --> 00:21:59,520 Speaker 1: to these spammers it would it would prohibit them from 459 00:21:59,520 --> 00:22:02,080 Speaker 1: doing that. Now, of course, the problem is there's no 460 00:22:02,119 --> 00:22:04,560 Speaker 1: way to send a fraction of a penny over the internet. 461 00:22:04,600 --> 00:22:06,199 Speaker 1: There's no way to send a penny over the internet. 462 00:22:06,320 --> 00:22:09,000 Speaker 1: You can't even send ten cents. As a matter of fact, 463 00:22:09,080 --> 00:22:11,399 Speaker 1: I don't think you can send like less than a buck. 464 00:22:11,640 --> 00:22:14,399 Speaker 1: You can, like it's like thirty five cents for for 465 00:22:14,520 --> 00:22:16,680 Speaker 1: you know, transaction typically you know, you go to restaurants, 466 00:22:16,680 --> 00:22:18,119 Speaker 1: they say, you can't even do a c h if 467 00:22:18,160 --> 00:22:20,280 Speaker 1: it's like less than five dollars, right, So how do 468 00:22:20,320 --> 00:22:23,040 Speaker 1: you send fifteen cents over the internet? You can't, And 469 00:22:23,080 --> 00:22:26,159 Speaker 1: so bitcoin can fix that, And that's exactly what Twitter 470 00:22:26,240 --> 00:22:28,200 Speaker 1: is kind of working on. As a matter of fact, 471 00:22:28,240 --> 00:22:30,159 Speaker 1: there's a there's an app that I'm going to be 472 00:22:30,200 --> 00:22:32,679 Speaker 1: moving into. It's one of the companies that I'm invested 473 00:22:32,720 --> 00:22:34,440 Speaker 1: into and I'm gonna be working on, and it's called 474 00:22:34,560 --> 00:22:37,840 Speaker 1: zion Um. I'm building a community on there. I'm not 475 00:22:38,200 --> 00:22:40,760 Speaker 1: it's not fully built out yet, so stay tuned for that. 476 00:22:41,320 --> 00:22:44,720 Speaker 1: But Zion is built on the Bitcoin network and it's 477 00:22:44,760 --> 00:22:47,119 Speaker 1: it's right now. It's kind of like like Telegram. If 478 00:22:47,119 --> 00:22:49,320 Speaker 1: you guys have used Telegram, which is also a dumpster 479 00:22:49,400 --> 00:22:52,080 Speaker 1: fire for spam. Um, if you're on if you're on Telegram, 480 00:22:52,119 --> 00:22:54,600 Speaker 1: if you're if you're in the cryptospace, you're probably on Telegram. 481 00:22:54,880 --> 00:22:56,679 Speaker 1: And what happens is you get you get added to 482 00:22:56,720 --> 00:22:58,880 Speaker 1: these new groups like I didn't join this group where 483 00:22:58,920 --> 00:23:00,480 Speaker 1: it come from, and then you start to get spammed, 484 00:23:00,480 --> 00:23:02,800 Speaker 1: and I mean it's just a dumpter dumpster fire. And 485 00:23:02,800 --> 00:23:05,480 Speaker 1: so basically Zion is kind of like a Telegram where 486 00:23:05,480 --> 00:23:08,080 Speaker 1: it's like basically kind of like one long feed and 487 00:23:08,200 --> 00:23:10,840 Speaker 1: everyone can kind of communicate and talk between themselves. And 488 00:23:10,880 --> 00:23:12,600 Speaker 1: then me as a content creator, I can have all 489 00:23:12,640 --> 00:23:14,880 Speaker 1: my podcasts in there, so you can come in listen 490 00:23:14,880 --> 00:23:17,760 Speaker 1: to my podcasts. You can community, you can you can 491 00:23:17,840 --> 00:23:20,160 Speaker 1: chat back and forth with the community. But what's cool 492 00:23:20,160 --> 00:23:23,280 Speaker 1: about it is because it's built on the Bitcoin network. Now, 493 00:23:23,280 --> 00:23:24,960 Speaker 1: a lot of people think bitcoin is dumb and slow 494 00:23:25,000 --> 00:23:27,199 Speaker 1: and stupid and there's way smarter ones out there today. 495 00:23:27,520 --> 00:23:29,000 Speaker 1: But as a matter of fact, all the developments being 496 00:23:29,000 --> 00:23:32,120 Speaker 1: done on bitcoin, and so this this app, Zion it's 497 00:23:32,160 --> 00:23:36,159 Speaker 1: literally built on the Bitcoin network. And so on Telegram, 498 00:23:36,200 --> 00:23:38,280 Speaker 1: when users are chatting back and forth to each other 499 00:23:38,359 --> 00:23:40,800 Speaker 1: or sending messages back and forth on Telegram, it goes 500 00:23:40,840 --> 00:23:43,760 Speaker 1: through Telegram servers. Wherever you're using WhatsApp, it goes through 501 00:23:43,800 --> 00:23:46,560 Speaker 1: what's app servers, right, um. But when you do it 502 00:23:46,600 --> 00:23:49,760 Speaker 1: over Zion, it doesn't go through Zion servers. Instead, it 503 00:23:49,800 --> 00:23:54,720 Speaker 1: actually goes peer to peer over the Bitcoin network. And 504 00:23:54,760 --> 00:23:58,560 Speaker 1: because bitcoin is censorship resistant, that means nobody can stop it, 505 00:23:58,600 --> 00:24:01,320 Speaker 1: block it, or prevent it. Nobody can see it, steal it, 506 00:24:01,400 --> 00:24:05,320 Speaker 1: or prevent it. So it's completely censorship resistance, completely sovereign. 507 00:24:06,320 --> 00:24:08,439 Speaker 1: So that's pretty cool. But but back to this kind 508 00:24:08,440 --> 00:24:11,359 Speaker 1: of integrating payments like what Twitter is doing, um, Zion 509 00:24:11,520 --> 00:24:13,159 Speaker 1: has already put that in because it's built on the 510 00:24:13,160 --> 00:24:16,200 Speaker 1: bitcoin network. It's it already natively has payments built in. 511 00:24:16,480 --> 00:24:19,800 Speaker 1: And so in order to join my community, I can say, yeah, 512 00:24:19,800 --> 00:24:22,000 Speaker 1: it's you know, it's ten stats. Uh. To put that 513 00:24:22,040 --> 00:24:27,960 Speaker 1: into perspective, about fifteen hundred one five hundred stats is 514 00:24:28,400 --> 00:24:31,720 Speaker 1: is about a dollar. Uh. To to even further explain that, 515 00:24:31,800 --> 00:24:37,680 Speaker 1: for you, um, a dollar is divisible into one hundred cents, right, 516 00:24:38,160 --> 00:24:43,320 Speaker 1: A bitcoin is divisible into one hundred million stats, same thing, 517 00:24:43,440 --> 00:24:46,800 Speaker 1: just a different denomination, a different, different divisible amount, And 518 00:24:46,880 --> 00:24:50,879 Speaker 1: so about a roughly thirteen to fifteen hundred stats equals 519 00:24:50,880 --> 00:24:53,520 Speaker 1: a dollar. So ten stats is nothing, right, it's a 520 00:24:53,600 --> 00:24:55,520 Speaker 1: fraction of a penny. But I can say, hey, it's 521 00:24:55,520 --> 00:24:57,919 Speaker 1: it's ten stats to join my community. And then in 522 00:24:58,000 --> 00:25:00,040 Speaker 1: order to post messages, you put up a ball and 523 00:25:00,880 --> 00:25:02,520 Speaker 1: a bond, like a bell bond. Right, if you're if 524 00:25:02,520 --> 00:25:04,040 Speaker 1: your body went to jail, you to bell amount, you 525 00:25:04,040 --> 00:25:05,400 Speaker 1: put the money up. If he shows up the court, 526 00:25:05,440 --> 00:25:06,960 Speaker 1: you get the money back. Right, So it's kind of 527 00:25:06,960 --> 00:25:09,119 Speaker 1: the same way where I can put up a bond, 528 00:25:09,160 --> 00:25:11,480 Speaker 1: I put up you know, ten SATs or fifty stats 529 00:25:11,520 --> 00:25:13,960 Speaker 1: to post the messages, and as long as those messages 530 00:25:13,960 --> 00:25:16,240 Speaker 1: are good, I I keep my bond. But if if 531 00:25:16,280 --> 00:25:20,200 Speaker 1: the community manager marks it as spam, I lose my money. 532 00:25:21,240 --> 00:25:23,000 Speaker 1: And again it's it's not a big amount, it's a 533 00:25:23,000 --> 00:25:26,760 Speaker 1: fraction of a penny, but it's enough to stop the spam. 534 00:25:26,800 --> 00:25:29,240 Speaker 1: And so it's a massive problem. Zion's got it fixed 535 00:25:29,520 --> 00:25:32,119 Speaker 1: because they're natively built on bitcoin, and it looks like 536 00:25:32,160 --> 00:25:34,080 Speaker 1: Twitter is trying to do the exact same thing. And 537 00:25:34,080 --> 00:25:37,239 Speaker 1: I applaud them because boy do we ever need it 538 00:25:37,359 --> 00:25:40,959 Speaker 1: more and more and and staying on this train of 539 00:25:41,400 --> 00:25:44,160 Speaker 1: development right again, the prices of distraction. We're looking at 540 00:25:44,200 --> 00:25:47,760 Speaker 1: network growth and we're looking at development on the network. 541 00:25:47,800 --> 00:25:50,920 Speaker 1: Those are the two things. And so um, this week, UM, 542 00:25:50,960 --> 00:25:54,760 Speaker 1: that wasn't the only big news that came out Twitter. 543 00:25:54,840 --> 00:25:57,399 Speaker 1: I mean, obviously Twitter jumping on and building building products 544 00:25:57,400 --> 00:26:00,960 Speaker 1: on it was really really big, But they're not the 545 00:26:01,000 --> 00:26:04,720 Speaker 1: only ones. And so we saw also this week, UM, 546 00:26:05,160 --> 00:26:10,600 Speaker 1: one of the founders of PayPal came out and said, um, hey, 547 00:26:11,119 --> 00:26:13,040 Speaker 1: you know, we think this is gonna be the next thing. 548 00:26:13,080 --> 00:26:16,400 Speaker 1: We think that that the cryptocurrencies are it. We think 549 00:26:16,440 --> 00:26:19,800 Speaker 1: that the dollar is dead, and they want to continue 550 00:26:19,800 --> 00:26:22,200 Speaker 1: building on it as well. And so I think that's 551 00:26:22,200 --> 00:26:24,840 Speaker 1: just important to understand that when you see companies like Twitter, 552 00:26:25,240 --> 00:26:28,520 Speaker 1: when you see companies like PayPal um integrating this building 553 00:26:28,560 --> 00:26:32,160 Speaker 1: on it again, that's the development. And when that development happens, 554 00:26:32,160 --> 00:26:34,920 Speaker 1: that builds value into the future because you know, as 555 00:26:34,960 --> 00:26:38,720 Speaker 1: those new products, as those new features come out, as 556 00:26:38,720 --> 00:26:41,720 Speaker 1: they're introduced, more people will use it, which then of 557 00:26:41,760 --> 00:26:43,879 Speaker 1: course brings back the first level, which is more users 558 00:26:44,160 --> 00:26:47,280 Speaker 1: and continues to build more values. So if that's making 559 00:26:47,320 --> 00:26:49,720 Speaker 1: sense to you, again, we're talking about bitcoin, we're talking 560 00:26:49,720 --> 00:26:52,800 Speaker 1: about cryptocurrencies, we're talking about the decentralized revolution, and you're 561 00:26:52,840 --> 00:26:56,600 Speaker 1: listening to the Mark Moss Show. I appreciate you hanging 562 00:26:56,600 --> 00:26:58,119 Speaker 1: out with me, and hopefully you hang out with me 563 00:26:58,200 --> 00:26:59,879 Speaker 1: each and every week at the same time on this 564 00:27:00,000 --> 00:27:04,080 Speaker 1: AIMS station, because this is literally the biggest opportunity you're 565 00:27:04,080 --> 00:27:06,240 Speaker 1: ever going to have in your life. It's that big, 566 00:27:06,760 --> 00:27:08,240 Speaker 1: and the only way you can take advantage of it 567 00:27:08,280 --> 00:27:11,600 Speaker 1: properly is by having the right information. If you have 568 00:27:11,640 --> 00:27:14,119 Speaker 1: the wrong information, you buy at the wrong time, you 569 00:27:14,160 --> 00:27:16,520 Speaker 1: sell at the wrong time, you don't understand what you're doing, 570 00:27:16,560 --> 00:27:18,600 Speaker 1: you don't get enough, you buy too little, you buy 571 00:27:18,600 --> 00:27:21,520 Speaker 1: too much, and so you don't make good decisions unless 572 00:27:21,560 --> 00:27:24,760 Speaker 1: you have good information. And I hate to tell you, 573 00:27:24,960 --> 00:27:27,720 Speaker 1: but most of the mainstream information you're getting is wrong. 574 00:27:28,320 --> 00:27:32,440 Speaker 1: I've been studying it, researching it, writing about it. I've 575 00:27:32,800 --> 00:27:36,359 Speaker 1: personally written and published over one thousand pages myself of 576 00:27:36,400 --> 00:27:39,280 Speaker 1: cryptocurrency research. And so you know, I know a couple 577 00:27:39,320 --> 00:27:41,119 Speaker 1: of things, and I'm trying to share my information with 578 00:27:41,160 --> 00:27:43,800 Speaker 1: you straight from my seven years of hard work. Are 579 00:27:43,920 --> 00:27:46,919 Speaker 1: right into your head. Each end every week on this channel, 580 00:27:47,200 --> 00:27:49,000 Speaker 1: you listen to the Mark Mass Show. I'm gonna be 581 00:27:49,080 --> 00:27:51,879 Speaker 1: right back telling you more about bitcoin and cryptocurrencies in 582 00:27:51,920 --> 00:27:55,200 Speaker 1: a second. All right, welcome back. You are back with 583 00:27:55,240 --> 00:27:57,680 Speaker 1: me again. You're listening to Mark Moss Mark Moss Show. 584 00:27:57,680 --> 00:28:00,240 Speaker 1: We're talking about bitcoin, We're talking about cryptocurrencies, we're talking 585 00:28:00,240 --> 00:28:03,960 Speaker 1: about the decentralized revolution. And each and every week I'm 586 00:28:04,000 --> 00:28:06,560 Speaker 1: trying to bring to you the most up to date 587 00:28:06,640 --> 00:28:10,080 Speaker 1: information so you have the right information that you need 588 00:28:10,280 --> 00:28:13,439 Speaker 1: to stay in the biggest trade, the most profitable trade 589 00:28:13,560 --> 00:28:15,640 Speaker 1: that you've ever been in. And of course that's understanding 590 00:28:15,680 --> 00:28:17,800 Speaker 1: the network growth and the development on the network. And 591 00:28:17,840 --> 00:28:22,160 Speaker 1: so for example, um, two months ago bitcoin had or 592 00:28:22,200 --> 00:28:24,440 Speaker 1: maybe it was back in May, so four or five 593 00:28:24,440 --> 00:28:26,760 Speaker 1: months ago, I guess at this point um bitcoin hit 594 00:28:27,240 --> 00:28:30,159 Speaker 1: hit its previous all time high of sixty five thousand, 595 00:28:30,359 --> 00:28:32,040 Speaker 1: and then it proceeded to crash all the way down 596 00:28:32,119 --> 00:28:35,560 Speaker 1: into thirty range. And so if you didn't know what 597 00:28:35,600 --> 00:28:37,159 Speaker 1: you were doing, let's say that you just you know, 598 00:28:37,280 --> 00:28:39,200 Speaker 1: your buddy told you to buy some and you did, 599 00:28:39,600 --> 00:28:41,440 Speaker 1: but you didn't know he didn't tell you why, he 600 00:28:41,440 --> 00:28:43,000 Speaker 1: didn't tell you what it was you kind of heard 601 00:28:43,040 --> 00:28:45,800 Speaker 1: some some some buzz online or something like that. You're like, 602 00:28:46,000 --> 00:28:47,440 Speaker 1: I'll take a flyer, what the heck? Right? And you 603 00:28:47,480 --> 00:28:49,960 Speaker 1: bought some at fifty sixty and then it drops all 604 00:28:50,000 --> 00:28:51,800 Speaker 1: the way to thirty five thousand. You might freak out 605 00:28:52,640 --> 00:28:54,800 Speaker 1: and you might go, oh, shoot, I can't believe it. 606 00:28:55,200 --> 00:28:57,920 Speaker 1: I don't why did I buy that. I'll just sell now, 607 00:28:58,000 --> 00:28:59,880 Speaker 1: I'll just I'll take my money and I'll just go home. 608 00:29:00,120 --> 00:29:01,680 Speaker 1: And you do, and you sell and you take a loss. 609 00:29:02,040 --> 00:29:05,640 Speaker 1: But if you understood what was going on, you wouldn't 610 00:29:05,680 --> 00:29:07,920 Speaker 1: be shaken out. And so we call that what we 611 00:29:07,960 --> 00:29:11,280 Speaker 1: call the weekends, or like paper hands, their weekends. They 612 00:29:11,400 --> 00:29:14,000 Speaker 1: can't hang on tight. And the reason why they can't 613 00:29:14,000 --> 00:29:16,000 Speaker 1: hang on tight is because they don't know what they're doing. 614 00:29:16,640 --> 00:29:19,640 Speaker 1: Before you ever buy any investments, you have to understand 615 00:29:20,000 --> 00:29:22,840 Speaker 1: a couple of things. One, what is it that I'm 616 00:29:22,880 --> 00:29:26,920 Speaker 1: buying and to what where do I think it's going? 617 00:29:27,120 --> 00:29:29,840 Speaker 1: And three what are the things that are going to 618 00:29:29,920 --> 00:29:33,160 Speaker 1: happen in order for it to get there? So, for example, 619 00:29:33,320 --> 00:29:35,800 Speaker 1: I've used a real estate as examples. Before I heard 620 00:29:35,800 --> 00:29:37,800 Speaker 1: they're going to build this new development outside of town 621 00:29:38,080 --> 00:29:40,960 Speaker 1: in five years. Okay, that's the why. So I'm gonna 622 00:29:40,960 --> 00:29:43,160 Speaker 1: go buy a piece of land nearby, that's the what. 623 00:29:43,720 --> 00:29:45,440 Speaker 1: And then how much is it gonna be worth? While 624 00:29:45,440 --> 00:29:46,920 Speaker 1: I think it's gonna be worth you know, X amount 625 00:29:46,960 --> 00:29:49,200 Speaker 1: when that new development is built. And so let's say 626 00:29:49,200 --> 00:29:51,000 Speaker 1: that the price of real estate went down in next year, 627 00:29:51,040 --> 00:29:53,600 Speaker 1: what I freak out and sell the land? Well maybe, 628 00:29:53,920 --> 00:29:55,400 Speaker 1: but I would need to see if those three things 629 00:29:55,440 --> 00:30:00,160 Speaker 1: were still true. Is that development still on track? Yes, okay, Well, 630 00:30:00,160 --> 00:30:02,080 Speaker 1: then I'm gonna stay. I'm gonna hold on. I'm not 631 00:30:02,120 --> 00:30:04,840 Speaker 1: gonna have paper weak hands. Sometimes people call him let 632 00:30:04,840 --> 00:30:07,920 Speaker 1: his hands. I'm gonna have diamond hands, strong hands that 633 00:30:07,960 --> 00:30:10,640 Speaker 1: are gonna hang on because I know what's going on. 634 00:30:10,680 --> 00:30:12,440 Speaker 1: And so if you know what's going on, then you 635 00:30:12,480 --> 00:30:15,080 Speaker 1: wouldn't have sold at thirty lost half your money, and 636 00:30:15,120 --> 00:30:16,400 Speaker 1: you would have stayed in it and you would be 637 00:30:16,400 --> 00:30:19,320 Speaker 1: sitting on new all time highs. And the problem is 638 00:30:19,320 --> 00:30:22,880 Speaker 1: is that most people have bad information. And they have 639 00:30:23,000 --> 00:30:27,040 Speaker 1: bad information for a couple of reasons. Typically there's two reasons. One, 640 00:30:28,200 --> 00:30:30,719 Speaker 1: they think they're too smart. What do I mean by that? 641 00:30:31,160 --> 00:30:34,080 Speaker 1: Almost the smarter people are, the smarter they are with 642 00:30:34,120 --> 00:30:37,360 Speaker 1: the economic system. Almost the harder time they have of 643 00:30:37,400 --> 00:30:39,720 Speaker 1: getting bitcoin, so they will be like they take a 644 00:30:39,720 --> 00:30:42,240 Speaker 1: look at it. Oh yeah, I get that, I understand it. 645 00:30:42,200 --> 00:30:45,440 Speaker 1: It's kind of like digital cash, or oh yeah, yeah, 646 00:30:45,440 --> 00:30:47,600 Speaker 1: I get it. I getah, it's like digital goals. Okay, sure, 647 00:30:47,640 --> 00:30:50,200 Speaker 1: I get that right. And so then they they think 648 00:30:50,320 --> 00:30:54,640 Speaker 1: they understand it because they're so smart, but they didn't 649 00:30:54,720 --> 00:30:57,080 Speaker 1: really ever take the time to put into it um 650 00:30:57,120 --> 00:30:59,080 Speaker 1: And then it goes to the second um problem, which 651 00:30:59,080 --> 00:31:00,760 Speaker 1: really they're actually kind of the same now that I 652 00:31:00,760 --> 00:31:03,080 Speaker 1: think about it. The other problem is that most people 653 00:31:03,120 --> 00:31:06,040 Speaker 1: aren't so they don't think they're so smart. They're just lazy. 654 00:31:06,640 --> 00:31:09,920 Speaker 1: They're just lazy. I mean, if you're staring at the 655 00:31:10,160 --> 00:31:14,959 Speaker 1: greatest opportunity of your life that could literally change your 656 00:31:15,040 --> 00:31:17,720 Speaker 1: entire life. I don't talk a lot about the amount 657 00:31:17,760 --> 00:31:20,480 Speaker 1: of money that I've made, uh know what I want to, 658 00:31:20,560 --> 00:31:25,080 Speaker 1: but let's just say that during during during the crypto 659 00:31:25,160 --> 00:31:29,440 Speaker 1: run from seventeen, I was writing a cryptocurrency research newsletter. 660 00:31:29,720 --> 00:31:31,560 Speaker 1: During the time I was publishing that newsletter, I put 661 00:31:31,560 --> 00:31:34,800 Speaker 1: out over twenty positions to my readers that went up 662 00:31:34,840 --> 00:31:39,600 Speaker 1: over one thousand per cent. The best call I ever 663 00:31:39,640 --> 00:31:42,680 Speaker 1: put out went up over a hundred thousand percent. That 664 00:31:42,720 --> 00:31:45,600 Speaker 1: turns five hundred bucks into half a million dollars. So 665 00:31:45,920 --> 00:31:48,600 Speaker 1: if you were sitting and if you were staring at 666 00:31:48,640 --> 00:31:50,960 Speaker 1: that kind of an opportunity in front of you, don't 667 00:31:50,960 --> 00:31:52,760 Speaker 1: you think it'd be worth a little bit of your 668 00:31:52,800 --> 00:31:56,080 Speaker 1: time to take a better understanding of it. But most 669 00:31:56,080 --> 00:31:59,680 Speaker 1: people don't. They're lazy, they don't pay attention. They or 670 00:31:59,680 --> 00:32:02,040 Speaker 1: they're so smart, which they're also kind of lazy, but 671 00:32:02,040 --> 00:32:03,520 Speaker 1: they're so smart they're blinded by it. So let me 672 00:32:03,520 --> 00:32:05,080 Speaker 1: give you an example of this. And so this is 673 00:32:05,080 --> 00:32:06,720 Speaker 1: the problem. This is what I'm trying to save you from. 674 00:32:06,760 --> 00:32:09,560 Speaker 1: By the way, you're listening to the Markmas Show talking 675 00:32:09,560 --> 00:32:13,240 Speaker 1: about bitcoin and cryptocurrencies in this decentralized revolution that's happening. 676 00:32:13,560 --> 00:32:15,240 Speaker 1: And I'm gonna give you an example because if you're 677 00:32:15,280 --> 00:32:17,920 Speaker 1: reading headlines. There's another problem that I have is today 678 00:32:17,960 --> 00:32:20,160 Speaker 1: people want to read the headlines and they don't even 679 00:32:20,160 --> 00:32:22,320 Speaker 1: bother to read the article. They just read the headline 680 00:32:22,320 --> 00:32:24,320 Speaker 1: and they think they understand it. But the problem is, 681 00:32:24,320 --> 00:32:28,120 Speaker 1: in today's clickbait world, usually the headlines are very misleading. 682 00:32:28,640 --> 00:32:30,600 Speaker 1: And so I get, you know, I break these things 683 00:32:30,600 --> 00:32:33,320 Speaker 1: down into videos and they'll take a super complex subject, 684 00:32:33,360 --> 00:32:34,960 Speaker 1: can break it down into like a twenty minute video, 685 00:32:35,240 --> 00:32:37,600 Speaker 1: and people are like, hey, too long, too long, give 686 00:32:37,600 --> 00:32:40,320 Speaker 1: me the short version. And I'm like, dude, if you 687 00:32:40,320 --> 00:32:43,000 Speaker 1: can't even take twenty minutes understand this complex subject, you're 688 00:32:43,080 --> 00:32:45,600 Speaker 1: never gonna make it. But let me give you an example. 689 00:32:45,640 --> 00:32:48,560 Speaker 1: So here's a business insider. Okay, business insider. This is 690 00:32:48,600 --> 00:32:53,480 Speaker 1: a big website for for for financial people. Ken Griffin 691 00:32:53,720 --> 00:32:56,240 Speaker 1: thinks bitcoin will be replaced by ethereum and says the 692 00:32:56,280 --> 00:32:59,200 Speaker 1: reddit fueled conspiracy theories about his involvement in the GameStop 693 00:32:59,200 --> 00:33:02,920 Speaker 1: saga are like a bad Saturday Night Live joke. So um, 694 00:33:03,040 --> 00:33:05,239 Speaker 1: this guy said at else Kin Griffin, he said it's 695 00:33:05,280 --> 00:33:09,200 Speaker 1: going to be replaced by a superior cryptocurrency like ethereum. Okay, well, 696 00:33:10,200 --> 00:33:14,160 Speaker 1: he obviously doesn't understand what it is. Just based off 697 00:33:14,200 --> 00:33:17,680 Speaker 1: of that comment, you can understand now you could easily 698 00:33:17,760 --> 00:33:20,200 Speaker 1: say and really where most people that are, you know, 699 00:33:20,280 --> 00:33:23,320 Speaker 1: somewhat educated wouldn't say that. That's like trying to compare 700 00:33:23,320 --> 00:33:26,560 Speaker 1: an apple to an orange. Right, one doesn't really replace 701 00:33:26,640 --> 00:33:30,000 Speaker 1: the other. Um, I might argue that we don't need oranges, 702 00:33:30,040 --> 00:33:32,840 Speaker 1: we only want apples. Um, that's that's a that's a 703 00:33:32,840 --> 00:33:36,280 Speaker 1: different story for a different time. Um, But what he's 704 00:33:36,280 --> 00:33:39,760 Speaker 1: saying is that, uh, Griffin believes the next generation cryptocurrency 705 00:33:39,800 --> 00:33:42,520 Speaker 1: based on the ethereums blockchain will likely to displace it 706 00:33:42,600 --> 00:33:47,360 Speaker 1: due to its faster transactions per second, smaller energy footprint, 707 00:33:47,400 --> 00:33:50,560 Speaker 1: and lower transactions cost. All right, so this is how 708 00:33:50,600 --> 00:33:52,680 Speaker 1: ignorant he is. And I'm sorry to use that word. 709 00:33:52,720 --> 00:33:55,400 Speaker 1: I know that might be a little bit strong. So again, 710 00:33:55,480 --> 00:33:57,600 Speaker 1: let me read that again. Griffin believes, now this is 711 00:33:57,680 --> 00:34:00,280 Speaker 1: this is a guy from Citadel. This guy is a billionaire, right, 712 00:34:00,320 --> 00:34:02,520 Speaker 1: Like he's a baller, like, I mean, he knows way 713 00:34:02,560 --> 00:34:05,480 Speaker 1: more about how to game the financial system we get 714 00:34:05,560 --> 00:34:08,360 Speaker 1: rich than I do. But this is just an apparent 715 00:34:08,360 --> 00:34:11,400 Speaker 1: blind spot, he says, um based on a theory, and 716 00:34:11,400 --> 00:34:15,160 Speaker 1: blockchain will likely displace bitcoin due to it's faster transactions 717 00:34:15,200 --> 00:34:19,440 Speaker 1: per second and lower transaction costs. So what he's missing 718 00:34:19,640 --> 00:34:22,600 Speaker 1: is that the way technology works is actually the same 719 00:34:22,600 --> 00:34:26,200 Speaker 1: way that money works. It works in layers. So gold 720 00:34:26,520 --> 00:34:28,920 Speaker 1: is a base settlement, right, So if I was going 721 00:34:28,960 --> 00:34:31,239 Speaker 1: to pay in gold, I have in gold. Eventually we 722 00:34:31,400 --> 00:34:34,000 Speaker 1: got as hard as we did paper gold certificates. The 723 00:34:34,000 --> 00:34:36,319 Speaker 1: paper goal certificates were easier to transact. That was a 724 00:34:36,360 --> 00:34:38,759 Speaker 1: second layer. And then we got bank checks that's a 725 00:34:38,800 --> 00:34:40,839 Speaker 1: third layer. Then we got credit and debit cards. That's 726 00:34:40,840 --> 00:34:43,240 Speaker 1: a fourth layer. Then we hook Venmo to our credit cards. 727 00:34:43,239 --> 00:34:44,880 Speaker 1: That's a fifth layer. So now that find down. The 728 00:34:44,880 --> 00:34:47,680 Speaker 1: find system has five layers, right, and so each one 729 00:34:47,719 --> 00:34:51,040 Speaker 1: gets faster. Gold still really slow. Paper gold is faster, 730 00:34:51,520 --> 00:34:55,560 Speaker 1: but Venmo is the fastest. Well also Bitcoin and technology 731 00:34:55,560 --> 00:34:58,799 Speaker 1: scales like that. So Bitcoin, or like the Internet, you 732 00:34:58,840 --> 00:35:00,960 Speaker 1: have T C P I P, that's the protocol, and 733 00:35:00,960 --> 00:35:03,719 Speaker 1: then you want email, okay, HTTPS you put that on 734 00:35:03,800 --> 00:35:06,640 Speaker 1: top or I'm sorry SMTP, and then you want security, 735 00:35:06,719 --> 00:35:09,759 Speaker 1: so you put HTTPS and that's layers and Bitcoin is 736 00:35:09,800 --> 00:35:12,360 Speaker 1: the same way. So back to his his comment, um 737 00:35:12,400 --> 00:35:15,080 Speaker 1: it will a bitcoin be displaced because Ethereum is faster 738 00:35:15,160 --> 00:35:19,680 Speaker 1: transactions and lower transaction costs. So right now today um 739 00:35:19,800 --> 00:35:22,640 Speaker 1: bitcoin has a second layer. It's called lightning, and I 740 00:35:22,680 --> 00:35:28,640 Speaker 1: can already transact bitcoin faster and cheaper than any other 741 00:35:28,640 --> 00:35:32,160 Speaker 1: cryptocurrency instant. I mean I'm talking like by the time 742 00:35:32,200 --> 00:35:33,880 Speaker 1: you hit the button on your phone to send it, 743 00:35:33,920 --> 00:35:36,040 Speaker 1: before you even release your finger off the button, the 744 00:35:36,080 --> 00:35:39,800 Speaker 1: money is already there and it's done for one SAT. Remember, 745 00:35:39,880 --> 00:35:43,080 Speaker 1: fifteen hundred stats is a dollar, so one sat is 746 00:35:43,239 --> 00:35:50,160 Speaker 1: one of a dollar. Um. So he obviously doesn't even understand. 747 00:35:50,160 --> 00:35:53,240 Speaker 1: Now this is not a big secret. Um. You probably 748 00:35:53,239 --> 00:35:55,719 Speaker 1: are aware by now that the entire country of El 749 00:35:55,760 --> 00:35:58,960 Speaker 1: Salvador has adopted bitcoin and you can go to Starbucks 750 00:35:59,040 --> 00:36:01,719 Speaker 1: or McDonald's or the papoosas down in the corner and 751 00:36:01,760 --> 00:36:04,160 Speaker 1: you can pay in bitcoin right now today. It's been 752 00:36:04,320 --> 00:36:07,160 Speaker 1: that way since September. September seven's when the law into place, 753 00:36:07,200 --> 00:36:09,279 Speaker 1: that it's been working since before that as well. I've 754 00:36:09,280 --> 00:36:13,319 Speaker 1: been there personally and I've I've bought things there like 755 00:36:13,360 --> 00:36:16,239 Speaker 1: a coffee or whatever with bitcoin, and I do on 756 00:36:16,280 --> 00:36:18,880 Speaker 1: the Lightning network, and it's faster and cheaper. So for 757 00:36:18,920 --> 00:36:21,280 Speaker 1: someone like this to have either either he's a liar, 758 00:36:21,560 --> 00:36:23,480 Speaker 1: which probably is not the case. I'm not accusing of that, 759 00:36:23,680 --> 00:36:25,680 Speaker 1: but he's ignorant. And so if you're getting information from 760 00:36:25,680 --> 00:36:28,920 Speaker 1: people like that, you're gonna have a tough time. And 761 00:36:28,960 --> 00:36:30,600 Speaker 1: that's exactly why I'm trying to come to you each 762 00:36:30,600 --> 00:36:33,000 Speaker 1: and every week to give you the information you need 763 00:36:33,440 --> 00:36:36,480 Speaker 1: so you don't get shaken out with your weak paper 764 00:36:37,040 --> 00:36:40,320 Speaker 1: soft let his hands if I give you the right information, 765 00:36:40,680 --> 00:36:45,359 Speaker 1: you can have strong diamond hands. There's a This isn't 766 00:36:45,360 --> 00:36:48,239 Speaker 1: a financial advice in my opinion at this point. It's 767 00:36:48,280 --> 00:36:51,160 Speaker 1: the best risk adjusted trade I've ever seen in my lifetime. 768 00:36:51,400 --> 00:36:55,760 Speaker 1: There's easy ten x upside. Now a ten x upside 769 00:36:56,360 --> 00:36:59,400 Speaker 1: a thousand percent. I mean, the stock markets average a 770 00:36:59,440 --> 00:37:01,759 Speaker 1: six percent return. So you're saying, Mark, you say a 771 00:37:01,800 --> 00:37:05,399 Speaker 1: thousand percent. Yeah, I'm saying a thousand percent. Uh. It's 772 00:37:05,440 --> 00:37:07,560 Speaker 1: it's it's that big of an opportunity. And so that's 773 00:37:07,560 --> 00:37:08,840 Speaker 1: why you want to tune in with me each and 774 00:37:08,880 --> 00:37:10,839 Speaker 1: every week. So while you're at it, grab your phone, 775 00:37:11,400 --> 00:37:13,680 Speaker 1: make sure to put a calendar reminder for this date, 776 00:37:13,800 --> 00:37:16,000 Speaker 1: this time, this channel, and come back with me each 777 00:37:16,000 --> 00:37:17,600 Speaker 1: and every week to the Mark Mass Show. We're talking 778 00:37:17,600 --> 00:37:21,960 Speaker 1: about bitcoin, talking about cryptocurrencies. We're talking about the decentralized revolution. 779 00:37:22,120 --> 00:37:23,680 Speaker 1: It's the most important part of your week. It will 780 00:37:23,680 --> 00:37:25,520 Speaker 1: be the most profitable part of your week. I can 781 00:37:25,520 --> 00:37:28,560 Speaker 1: tell you that. I'm Mark Moss. Thanks for listening.