Speaker 1: Welcome, Welcome, Welcome. You are listening to the Mark Ma Show.
Speaker 1: And of course, if you've been tuned in every week,
Speaker 1: you already know. We are talking about bitcoin, we're talking
Speaker 1: about cryptocurrencies, We're talking about the decentralized Revolution. I'm bringing
Speaker 1: you the most up to date information on a regular
Speaker 1: basis so you can stay informed, so you can take
Speaker 1: advantage of what is seriously, literally, I'm not trying to
Speaker 1: exaggerate the biggest opportunity that you'll ever see in your life,
Speaker 1: not just not just your life, in my life, but
Speaker 1: multiple generations. It's literally that big. It's a it's a
Speaker 1: technological revolution. It's already making people millionaires and billionaires, and
Speaker 1: you need to take advantage of this if you're not already.
Speaker 1: And so I'm trying to bring you that information each
Speaker 1: and every week so you can take advantage of it. Bitcoin,
Speaker 1: cryptocurrencies and the decentralized revolution. Now, just real quick, if
Speaker 1: you're listening, you know how important this is. You don't
Speaker 1: want to miss it, So grab your phone, put a
Speaker 1: reminder the station this time, this channel, and make sure
Speaker 1: to tune in with me each and every week, because
Speaker 1: I am going to be giving you is asymmetric information
Speaker 1: that means information most people don't have. You'll be more
Speaker 1: informed than most people. You'll be able to go to
Speaker 1: that party and you'll seem like the most knowledgeable guy
Speaker 1: there because you've been listening to the Markmas Show and
Speaker 1: I'm filling you in on the most important things. Now,
Speaker 1: let's just go ahead and jump right into it. Now.
Speaker 1: If you listen to me each and every week, you
Speaker 1: know I say over and over and over that the
Speaker 1: price is a short term distraction. All right, it's a
Speaker 1: short term distraction, but it's also what I like to
Speaker 1: call a loss leader. It's the bait and switch. It
Speaker 1: baits you in on the price. I'm hoping to make
Speaker 1: more U S dollars, I'm hoping to increase my US
Speaker 1: dollar stack. So it baits you in with hopes of
Speaker 1: getting rich, and then it switches you into understanding this
Speaker 1: is a tool for freedom. This is a tool to
Speaker 1: change the world for the better. It's going to be
Speaker 1: an amazing world on the other side of this when
Speaker 1: we have a bitcoin standard. Now, but let's talk about
Speaker 1: the price, because it is the bait and switch. It
Speaker 1: is the bait that brings you in. And of course,
Speaker 1: if you're paying attention to Bitcoin in the cryptocurrency space
Speaker 1: at all, then you probably already know by now, and
Speaker 1: if you don't, Bitcoin hit a new all time high
Speaker 1: this week. As a matter of fact, we got up
Speaker 1: over sixty eight thousand. I think we almost got to
Speaker 1: sixty nine thousand dollars sixty nine sixty nine thousand US dollars,
Speaker 1: that is, uh, the entire cryptocurrency markets market cap jumped
Speaker 1: up as well. We hit the three trillion dollar market cap,
Speaker 1: which is amazing. So the market cap basically means um
Speaker 1: all the existing token. So like with bitcoin, for example,
Speaker 1: there will never be more than twenty one million bitcoin,
Speaker 1: but right now there's somewhere about eighteen and a half
Speaker 1: a million that are already in circulation. The rest will
Speaker 1: come out at some point. And so you take the
Speaker 1: price of one bitcoin, so at sixty eight thousand, for example,
Speaker 1: UM times the existing supply UM, then you get the
Speaker 1: market cap. So right now hims the existing supply UM,
Speaker 1: then you get the market cap. So right now bitcoin
Speaker 1: is about sixty five thousand, there's about eighteen point eight
Speaker 1: million in circulation. So you take the sixty five thousand
Speaker 1: times the eighteen point eight and it gives you a
Speaker 1: market cap of about one point two trillion dollars. So
Speaker 1: that's kind of how that works. And just if you're wondering, now, um,
Speaker 1: one thing that's a little bit misleading about the market
Speaker 1: cap is it's the market cap, um, it's the price
Speaker 1: of the coin itself. Or so for if we're talking
Speaker 1: about ethereum, it's about forty seven hundred dollars, and there's
Speaker 1: about a hundred and sixty six uh forty seven hundred dollars,
Speaker 1: and there's about a hundred and eighteen million ethereum in circulation,
Speaker 1: and so then you would take the forty seven hundred
Speaker 1: times the hundred eighteen million in circulation gets you about
Speaker 1: a market cap of about five hundred and sixty one
Speaker 1: billion dollars. Now it's a little bit misleading about those numbers.
Speaker 1: Just so you know, is that tells you the dollar
Speaker 1: amount of one unit times the amount of circulating supply.
Speaker 1: No different if you're talking about Tesla stock or Facebook stock,
Speaker 1: or I guess I should say, now the Meta stock.
Speaker 1: I don't know if they've officially switched over yet, but um,
Speaker 1: you would take the price of that stock times the
Speaker 1: circulating supply. But it's a little bit misleading because what
Speaker 1: we typically like to do as investors, we want to
Speaker 1: know what the fully diluted supply is, the fully diluted
Speaker 1: market cap, So what does that mean. So we take
Speaker 1: the price of bitcoin at sixty four thousand or sixty
Speaker 1: five thousand times not the circulating supply which is about
Speaker 1: eighteen almost nineteen million, but times the fully diluted So
Speaker 1: with bitcoin there will never be more than twenty one million,
Speaker 1: So you take the twenty one million times the price,
Speaker 1: and that's a fully diluted market cap UM. When you're
Speaker 1: looking at stocks again, Tesla, Facebook, Google, et cetera, UM,
Speaker 1: they have they have a max right, they can't just
Speaker 1: create more Tesla stock out of thin air. Now sometimes
Speaker 1: they split it, but that doesn't make more of it,
Speaker 1: It just divides it more UM. And so you would
Speaker 1: talk typically talk about the fully diluted price UM. And
Speaker 1: it's important to understand because with cryptocurrencies, a lot of them,
Speaker 1: like etheroryum for example, we don't know how many there
Speaker 1: will be pausi for dramatic effect. There again, we don't
Speaker 1: know how many there will be. So if they always
Speaker 1: continue to make more and more more with no end insight,
Speaker 1: how do I know how much it's gonna be worth?
Speaker 1: Because what happens is um and and let me give
Speaker 1: you some examples of some real world so this week,
Speaker 1: UM so a little bit about me. By the way,
Speaker 1: you listening to the Markma Show talking about bitcoin and
Speaker 1: cryptocurrencies and the decentralized revolution. And I'm trying to bring
Speaker 1: you the information you need to get ahead. Um And
Speaker 1: I'm an investor. I've been a full time investor for
Speaker 1: over twenty five years. Um And this week I got
Speaker 1: into three private deals. So these are you know, venture
Speaker 1: venture around prep pre I p O kind of deals.
Speaker 1: And I want to know what price I'm investing at.
Speaker 1: So one of the deals I got into is a
Speaker 1: forty million dollar evaluation um And I want to know
Speaker 1: what that fully diluted is. And because what happens is
Speaker 1: once I buy it at that amount, they can't print more,
Speaker 1: they can't create more stock because it would dilute me.
Speaker 1: It would make my existing stock worth less. So you
Speaker 1: wouldn't want to do that, right, It makes sense if
Speaker 1: you held Tesla stock, you wouldn't want Tesla to go
Speaker 1: increase the amount of Tesla stock either. But cryptocurrencies are different,
Speaker 1: where most of these cryptocurrencies, we don't know what the
Speaker 1: fixed supply is. And to me, that's the problem, Right,
Speaker 1: how do I know what valuation I'm going for? So,
Speaker 1: for example, in this private deal, I'll talk about more
Speaker 1: about it later and maybe some different episodes. Um. And actually,
Speaker 1: if you want to hear more about some private deals
Speaker 1: I'm doing in these spaces, UM, send me a message
Speaker 1: on social media Twitter. I'm superactive on Twitter, Instagram at
Speaker 1: one Mark Moss and uh, you know, give me some
Speaker 1: feedback if you want to talk about more of that,
Speaker 1: I can. But basically my point is is I look
Speaker 1: at this company and I'm investing at a forty million
Speaker 1: dollar valuation. That's a lot for a startup, right, Well, shoot,
Speaker 1: how much could this startup be worth? Could it be
Speaker 1: worth five million? Four million? Could be could could have
Speaker 1: a ten x? Could it be worth a billion? Could
Speaker 1: have a twenty x? Right, And so I'm trying to
Speaker 1: say what could this company eventually be and then what
Speaker 1: would my return be if I if I held it
Speaker 1: until that point? Um? But I know that because they
Speaker 1: can't create more shares, So with bitcoin, they can't create
Speaker 1: more shares, and so I know, hey, bitcoin could absorb
Speaker 1: you know, the gold industry that's potential and dollars, could
Speaker 1: absorb the offshore banking industry that's um you know, thirty
Speaker 1: to forty trillion dollars. It could absorb the debt market.
Speaker 1: There's no two sillion dollars. And so eventually bitcoin could
Speaker 1: be worth you know, hundreds of tillions of dollars. And
Speaker 1: I know, based off the amount of tokens I have,
Speaker 1: what that will be worth. But if you're holding something else,
Speaker 1: another token that could just continue to print and print
Speaker 1: and print create more tokens, then it doesn't ever tell
Speaker 1: you what your valuation would because it's inflating spites devaluing
Speaker 1: you're holdings at the same time. So anyway, hopefully that
Speaker 1: that helps you out with your with a little bit
Speaker 1: of investing lesson. That's a that's an important thing, especially
Speaker 1: if you're gonna be putting your money into some of
Speaker 1: these these projects that are kind of like venture plays.
Speaker 1: But anyway, back to bitcoin. So we we did hit
Speaker 1: that you know, sixty eight sixty nine thousand price point
Speaker 1: this week, and then it quickly turned down like everybody
Speaker 1: was like no. As a matter of fact, it was
Speaker 1: about about sixty nine thousand dollars and then it just
Speaker 1: got rejected and went down and crashed, and uh, everybody's
Speaker 1: freaking out because it dropped all the way down to
Speaker 1: the price where it was like two days before. But
Speaker 1: you know, that's the thing. It's just volatile, and you
Speaker 1: gotta be gotta be willing to stomach those drops. But
Speaker 1: as I say, the price is a distraction because if
Speaker 1: you're with me to every week, you know there's two
Speaker 1: things that you need to be paying attention to in
Speaker 1: new technologies like cryptocurrencies, and that is one the network growth,
Speaker 1: how many users are coming on board, how fast is
Speaker 1: that network growing, And to how much development is being
Speaker 1: done on the technology itself. Obviously, if there's no developers
Speaker 1: and they're not developing anything new and it's dead, then
Speaker 1: it's I wouldn't expect to go up in value. And
Speaker 1: also if the users weren't increasing, I wouldn't expect to
Speaker 1: gop in value. So I watched those two things, and
Speaker 1: then the price will eventually get where the price is
Speaker 1: going to be. And this week we have had some massive,
Speaker 1: massive developments on those two levers, both the network growth
Speaker 1: and the development on the network, And uh, I'm gonna
Speaker 1: tell you what those are, because again, those are the
Speaker 1: things that you should be watching for. Um. So we'll
Speaker 1: talk about that. By the way, you're listening to the
Speaker 1: markma Show. We're talking about bitcoin, we're talking about cryptocurrencies,
Speaker 1: and we're talking about the decentralized revolution. I'm bringing you
Speaker 1: the latest news each and every week so you can
Speaker 1: take advantage of this asymmetical opportunity. Like I said, there's millionaires,
Speaker 1: there's billionaires being made. You can be one of them
Speaker 1: if you get in now. Now. I know a lot
Speaker 1: of people say it's too late. You know, I should
Speaker 1: have bought five years ago. Um, And I'll say that.
Speaker 1: You know, the best time to plane a tree was
Speaker 1: twenty years ago, but the second best time to planet
Speaker 1: tree is today. And in five years from now, you'll
Speaker 1: be wishing you had bought cryptocurrencies today, five years before.
Speaker 1: So you're listening to the Mark More Show. When we
Speaker 1: come back, I'm gonna tell you what is going on
Speaker 1: with the network growth and the development on the network.
Speaker 1: So stick with me. I'll be right back. Hey, welcome back.
Speaker 1: You are listening to the Mark mass Show. We are
Speaker 1: talking about bitcoin, we're talking about cryptocurrencies, we're talking about
Speaker 1: the decentralized revolution. It's sweeping the world by storm. And
Speaker 1: if you're not paying attention, I don't know where the
Speaker 1: heck you have been. I mean, it is dominant, aiding headlines. Well,
Speaker 1: I guess there's plenty of other bad things going on
Speaker 1: in the world today. That's a that's taking up some
Speaker 1: headlines as well. But we're gonna focus on the good things.
Speaker 1: We're gonna talk about how we can change the world.
Speaker 1: We're gonna talk about how we can make some money
Speaker 1: along the way. And before the break, I was explaining
Speaker 1: how you know, the price is a distraction, but I
Speaker 1: talked about the price because of that bait and switch.
Speaker 1: But I was saying that the two things we really
Speaker 1: want to pay attention to our the network growth and
Speaker 1: the development that's being done on the network. And so
Speaker 1: those are the two things that we always want to
Speaker 1: be paying attention to. And so this week, man, I
Speaker 1: mean just every week. That's why you have to be
Speaker 1: paying attention to this. This week we had big news,
Speaker 1: big big, big time development is is going on and um,
Speaker 1: a matter of fact, what we saw this week a
Speaker 1: couple of big things. One Twitter, which is probably my
Speaker 1: favorite social media app, by the way, if you're following,
Speaker 1: if you're on Twitter, you should follow me one Mark Moss.
Speaker 1: That's just the number one Mark Moss. Sammy a message,
Speaker 1: tell me you heard me here. But the CEO of Twitter,
Speaker 1: Jack Dorsey, he is a big, big, big time Bitcoin bowl.
Speaker 1: We call him a bold meaning he's bullish, meaning he
Speaker 1: he believes in it. He's a he's long bitcoin and um,
Speaker 1: he's been long bitcoin. And Twitter announced that they are
Speaker 1: launching a dedicated crypto team. So the social media company
Speaker 1: said Wednesday it is assembling a team called Twitter t
Speaker 1: W t R Twitter Crypto to look into ways to
Speaker 1: help creators on the app to earn money or accept
Speaker 1: cryptocurrencies such as bitcoin for payment and other ways to
Speaker 1: use blockchain technology. Oh so they're gonna do a bunch
Speaker 1: of development on bitcoin for payment. Now, for some of
Speaker 1: you that have been tuned in each and every week,
Speaker 1: then you probably know that there is already a little
Speaker 1: bitcoin integration into Twitter. So I have it on my
Speaker 1: on my account. Most people do. And so again, if
Speaker 1: you're on Twitter, send me a message and maybe send
Speaker 1: me some stats. But basically right in Twitter, right on
Speaker 1: your profile, there's like a little icon that looks like
Speaker 1: a little bit of money, like a little dollar bill
Speaker 1: kind of and you can click on it and you
Speaker 1: can send either money dollars or you can send bitcoin
Speaker 1: back and forth to other users on Twitter. So it's
Speaker 1: already kind of in there. And so what they're saying
Speaker 1: in this in this release is that they're looking for
Speaker 1: ways that they can continue to do that to help
Speaker 1: creators on the app to earn more money. Let's talk
Speaker 1: about this, so that this is led by a new
Speaker 1: higher software engineer, Test Renaisson. It's gonna report to Twitter's
Speaker 1: chief technology officer, and they're looking to fill a couple
Speaker 1: of roles there, and they say they're gonna set the
Speaker 1: strategy for the future of crypto on Twitter. They see
Speaker 1: how big this is going to be and they are
Speaker 1: jumping in now. To to break this down a little bit,
Speaker 1: I want you to understand this. So first of all,
Speaker 1: we have the smartest people in the world coming into bitcoin.
Speaker 1: I mean the smartest investors. I mean I'm talking old
Speaker 1: dinosaurs like Ray Dalio and Stanley Druck and Miller and
Speaker 1: Paul Judor Jones. I mean, these are the titans. These
Speaker 1: are the biggest names I know. You know, Warren Buffett,
Speaker 1: but he's kind of he's kind of passed his prime
Speaker 1: the last couple of decades. He hasn't done too good.
Speaker 1: But like I'm talking the Druck and Miller. Maybe don't
Speaker 1: know these names if you don't not investing, but Radiality
Speaker 1: you probably heard of. They're all on bitcoin, They've all
Speaker 1: come over. And then you have some of the smartest
Speaker 1: tech people like Twitter, like Jack Dorsey and so I
Speaker 1: know a lot of you are listening to this right now,
Speaker 1: by the way, you're listening to the Mark Moa show.
Speaker 1: We're talking about bitcoin and cryptocurrencies, and you know a
Speaker 1: lot of you are like, ah, it's it's a fad,
Speaker 1: and know it's a scam, it's a joke, it's worthless,
Speaker 1: it's going to be illegal, you know whatever, all these things,
Speaker 1: and I would just ask you just to check your
Speaker 1: own bias. Right. So, as humans, humans are horrible investors.
Speaker 1: And the reason why humans are horrible investors is because
Speaker 1: we're emotional beings. And as emotional beings, humans are really
Speaker 1: motivated by only two things, and that is we're motivated
Speaker 1: by UH to move towards pleasure and away from pain.
Speaker 1: And we also have all these biases, and so we
Speaker 1: have like normal cy bias. We think whatever is happening
Speaker 1: now is normal and it will continue. And so we
Speaker 1: have all these biases. And so I know a lot
Speaker 1: of people think it's you know, I get five thousand
Speaker 1: comments a week across my soul for media. I see it.
Speaker 1: It's a joke, it's a scam, it's a fad, it's worthless,
Speaker 1: all these things. But do you really think you're smarter
Speaker 1: than the CEO of Twitter? Do you? Because that would
Speaker 1: be a pretty boastful, prideful thing if you did, because
Speaker 1: they're probably the most cutting edge social media platform out there. Uh,
Speaker 1: you're probably not smarter than they are. I'm not. I'm
Speaker 1: certainly not. You're probably not smarter than Stanley Druckon Miller
Speaker 1: and Ray Dalio. You probably haven't studied financial markets, in
Speaker 1: monetary the history of monetary systems like Ray Dalio. He's
Speaker 1: one of the best when it comes to history of
Speaker 1: monetary systems and credit cycles. That's his big thesis. So
Speaker 1: I know a lot about that as a matter of fact,
Speaker 1: that I do a lot of talk, a lot of
Speaker 1: thesis about cycles, and I get a lot of what
Speaker 1: I do from Ray Dalio. He's the master. So I
Speaker 1: haven't done as much research as as he has, so
Speaker 1: I'm definitely not smarter than him. And he sees it,
Speaker 1: Paul Tutor Jones sees it, Stanley Druckon Millers and Twitter
Speaker 1: sees it. So you may think you're smart, you may
Speaker 1: think it's a joke of scam, a fat a trend, whatever.
Speaker 1: But again I would just ask you to your bias.
Speaker 1: All right, Now back to what they're saying here, I
Speaker 1: want to I want to pull this piece up. So
Speaker 1: they said that they're looking into ways to help creators
Speaker 1: on the app to earn money, all right, creators to
Speaker 1: earn money. Now, the first thing that I want to
Speaker 1: say is that right now we're seeing this explosion of
Speaker 1: cryptocurrencies and they're promising to you know, save the world.
Speaker 1: Right we're gonna manage supply, let us on the supply
Speaker 1: chain with cryptocurrency, and we're gonna buy movie tickets with
Speaker 1: cryptocurrency and all these things. Right, well, we can already
Speaker 1: buy movie tickets like that that that's not really broken.
Speaker 1: And uh, I don't know the last time you got
Speaker 1: excited about like a movie theater upgrading their software. But
Speaker 1: like I don't even know what software. Movie theaters run
Speaker 1: to sell tickets and frankly, I don't care. Frankly, I
Speaker 1: don't care. Right, Uh, what is being done here? This
Speaker 1: is a revolution with money and and that's that's what
Speaker 1: it says. Here. We'll help creators on the app to
Speaker 1: earn more money. It's the payments. The payments are the problem.
Speaker 1: The payments are the problem in the world. So the dollar,
Speaker 1: the money system is concentrated by the Central Bank, by
Speaker 1: the Federal Reserve. They control the money supply. Remember back
Speaker 1: to my lesson talking about the market cap. Well, they
Speaker 1: can just print his many dollars they want whatever, and
Speaker 1: that steals the value from my dollars. And so that's
Speaker 1: a problem. But also the censorship of my money. So
Speaker 1: for example, PayPal teamed up with the Anti Defamation League
Speaker 1: and they made a list of all these people that
Speaker 1: shouldn't be allowed to get payments. No, these are bad people.
Speaker 1: These are bad people. Uh they're right wing, their left
Speaker 1: wing whatever. Let's block payments to them like only fans. Uh,
Speaker 1: you know reported they were gonna lose like eight percent
Speaker 1: of their business. They were gonna stop doing uh you know,
Speaker 1: adult material. We'll call it that. Um and I'm not
Speaker 1: here to say that was good or bad. But the
Speaker 1: point is is that who is anybody else to determine
Speaker 1: who can and can't get money? Right? And so really
Speaker 1: it's the payments, it's not the networks themselves. If we
Speaker 1: can fix the payments, I think everything else will fix itself.
Speaker 1: And that's exactly what they're attacking, right, That's exactly said
Speaker 1: creators on the app to earn money. So as a creator,
Speaker 1: I'm a content creator. I'm creating content talking to you
Speaker 1: right now, and so, um, how do I get paid? Well,
Speaker 1: imagine if my followers, my fans, my subscribers could pay
Speaker 1: me directly for the content I provided, for the value
Speaker 1: that is provided to me. Right in the world, we
Speaker 1: get paid for the value we provide. So imagine if
Speaker 1: I was working so hard to provide value to my
Speaker 1: followers that they felt so inclined to send me money,
Speaker 1: to tip me money, and they do. I mean I
Speaker 1: do it on YouTube. I do like a power of
Speaker 1: Power chat or whatever, and people can tip me money. Um,
Speaker 1: And so I work hard to provide them value and
Speaker 1: they pay me back directly and then I don't need intermediaries.
Speaker 1: I don't need people in the middle that is going
Speaker 1: to change the world. And the way it changes the
Speaker 1: world is now, I'm focused on trying to provide as
Speaker 1: much value as I can to you, and you can
Speaker 1: bring that value back to me, and that's what Twitter
Speaker 1: is doing. But there's actually another strategy. You know, if
Speaker 1: you use these Twitter and Instagram and Facebook, you know
Speaker 1: the spam and impersonal accounts are out of control and
Speaker 1: they are going to fix that. I'm gonna explain that
Speaker 1: to you when I get back. You're listening to the
Speaker 1: Mark Moa Show. We're talking about bitcoin and cryptocurrencies and
Speaker 1: the decentralized revolution. I'll be right back. All right, welcome back.
Speaker 1: You are listening to the Mark ma Show and we're
Speaker 1: talking about bitcoin. We're talking about cryptocurrencies, we're talking about
Speaker 1: decentralized revolution. And before the break, I was talking about
Speaker 1: how Twitter announced that they are assembling the team and
Speaker 1: they're launching an entire new crypto initiative and they said
Speaker 1: that they want to they're looking for ways to help
Speaker 1: creators earn on the app. But what's really cool about
Speaker 1: this and I was kind of talking about, you know,
Speaker 1: how much of a revolution that's going to be when
Speaker 1: creators can get paid directly from the people that benefit
Speaker 1: from their content. Um. But um, you may not notice,
Speaker 1: but if you use Twitter or Facebook or YouTube, you'd
Speaker 1: probably have noticed by now that the amount of spam
Speaker 1: on there is out of control. Now, me being a
Speaker 1: content creator, I probably have dozens, at least douzens of
Speaker 1: impersonator accounts every day. Um. And so there they copy
Speaker 1: my entire Twitter profile, my entire Instagram profile, my my
Speaker 1: YouTube profile, and they use my picture, they have my content,
Speaker 1: and then they start direct messaging people. By the way,
Speaker 1: let me give you a warning if you ever receive
Speaker 1: a d M, a direct message from Mark Moss on
Speaker 1: any of those platforms saying hello, how's your trading and
Speaker 1: investments going? Let me help you make more money by trading.
Speaker 1: Just I'm telling you right now, that's not me. I'm
Speaker 1: not a trader. I don't I don't I don't trade.
Speaker 1: I don't think you should trade. I ain't gonna help
Speaker 1: you do it. So if you get a message just now,
Speaker 1: it's probably from an impersonator. But it's become a massive problem,
Speaker 1: and I mean a massive problem. And unfortunately, uh, like
Speaker 1: I said, as a creator, is happening to me all
Speaker 1: the time, and people are falling for this. I get
Speaker 1: messages from people all the time that say they lost
Speaker 1: five thousand dollars by sending it to these scammers, these impersonators.
Speaker 1: It's a serious problem. And what what makes me mad
Speaker 1: is that YouTube or or Twitter or whatever built they'll
Speaker 1: censor my account. They'll ban my account if I use
Speaker 1: one of these wrong words. They can see them even
Speaker 1: in my video. They'll transcribe the video, they'll know if
Speaker 1: I use the wrong word, and they'll ban me. Um.
Speaker 1: But they can't stop these It's pretty interesting. They can't
Speaker 1: stop that. I think they would be able to figure
Speaker 1: it out. But Bitcoin is solving that. So what happens
Speaker 1: is um there, they want to look for ways to
Speaker 1: integrate this. So what they all all they have to
Speaker 1: do is they have to put a little bit of
Speaker 1: a fee in there. So actually interesting story. UM. A
Speaker 1: lot of people think that bitcoin is kind of like
Speaker 1: my Space and eventually like Facebook will come along like
Speaker 1: one of these other ten thousand cryptocurrencies. Is the is
Speaker 1: the Facebook and and bitcoin is the dinosaur that is, um,
Speaker 1: you know, the old technology like PayPal, but that's I'm sorry,
Speaker 1: like MySpace, but that's just not true. As a matter
Speaker 1: of fact, they had been. There was I think about
Speaker 1: five or six different versions of cryptocurrencies before Bitcoin came along,
Speaker 1: starting from so for a decade there was about four
Speaker 1: five pretty notable UM attempts or five pretty notable UM attempts.
Speaker 1: One of the guys who who was one of the
Speaker 1: founders of bitcoin that helped write it, Adam Back. He
Speaker 1: was actually the the way that he kind of discovered
Speaker 1: that bitcoin could work is that he was trying to
Speaker 1: solve a problem with email spam, and he figured if
Speaker 1: he could put a little bit of a cost onto
Speaker 1: the email, it would prohibit spam. Because what spam does
Speaker 1: is they just blast everybody, right, and so if they
Speaker 1: had to pay even a little bit, like a like
Speaker 1: a fraction of a penny even it would be too
Speaker 1: cost prohibitive for them to do that. And so um,
Speaker 1: they're looking for ways they can do that. So in Twitter,
Speaker 1: for example, if they said to create an account, it's
Speaker 1: you know, ten Satoshi's which is like a you know,
Speaker 1: a tenth of a penny or something like that. Um,
Speaker 1: So it's it's not it doesn't really cost me or
Speaker 1: you anything, um, but it would be prohibited for spammers
Speaker 1: to do that. Or to send to send messages, it
Speaker 1: would cost you, you know, a fraction of a penny,
Speaker 1: which to me or you is no big deal, but
Speaker 1: to these spammers it would it would prohibit them from
Speaker 1: doing that. Now, of course, the problem is there's no
Speaker 1: way to send a fraction of a penny over the internet.
Speaker 1: There's no way to send a penny over the internet.
Speaker 1: You can't even send ten cents. As a matter of fact,
Speaker 1: I don't think you can send like less than a buck.
Speaker 1: You can, like it's like thirty five cents for for
Speaker 1: you know, transaction typically you know, you go to restaurants,
Speaker 1: they say, you can't even do a c h if
Speaker 1: it's like less than five dollars, right, So how do
Speaker 1: you send fifteen cents over the internet? You can't, And
Speaker 1: so bitcoin can fix that, And that's exactly what Twitter
Speaker 1: is kind of working on. As a matter of fact,
Speaker 1: there's a there's an app that I'm going to be
Speaker 1: moving into. It's one of the companies that I'm invested
Speaker 1: into and I'm gonna be working on, and it's called
Speaker 1: zion Um. I'm building a community on there. I'm not
Speaker 1: it's not fully built out yet, so stay tuned for that.
Speaker 1: But Zion is built on the Bitcoin network and it's
Speaker 1: it's right now. It's kind of like like Telegram. If
Speaker 1: you guys have used Telegram, which is also a dumpster
Speaker 1: fire for spam. Um, if you're on if you're on Telegram,
Speaker 1: if you're if you're in the cryptospace, you're probably on Telegram.
Speaker 1: And what happens is you get you get added to
Speaker 1: these new groups like I didn't join this group where
Speaker 1: it come from, and then you start to get spammed,
Speaker 1: and I mean it's just a dumpter dumpster fire. And
Speaker 1: so basically Zion is kind of like a Telegram where
Speaker 1: it's like basically kind of like one long feed and
Speaker 1: everyone can kind of communicate and talk between themselves. And
Speaker 1: then me as a content creator, I can have all
Speaker 1: my podcasts in there, so you can come in listen
Speaker 1: to my podcasts. You can community, you can you can
Speaker 1: chat back and forth with the community. But what's cool
Speaker 1: about it is because it's built on the Bitcoin network. Now,
Speaker 1: a lot of people think bitcoin is dumb and slow
Speaker 1: and stupid and there's way smarter ones out there today.
Speaker 1: But as a matter of fact, all the developments being
Speaker 1: done on bitcoin, and so this this app, Zion it's
Speaker 1: literally built on the Bitcoin network. And so on Telegram,
Speaker 1: when users are chatting back and forth to each other
Speaker 1: or sending messages back and forth on Telegram, it goes
Speaker 1: through Telegram servers. Wherever you're using WhatsApp, it goes through
Speaker 1: what's app servers, right, um. But when you do it
Speaker 1: over Zion, it doesn't go through Zion servers. Instead, it
Speaker 1: actually goes peer to peer over the Bitcoin network. And
Speaker 1: because bitcoin is censorship resistant, that means nobody can stop it,
Speaker 1: block it, or prevent it. Nobody can see it, steal it,
Speaker 1: or prevent it. So it's completely censorship resistance, completely sovereign.
Speaker 1: So that's pretty cool. But but back to this kind
Speaker 1: of integrating payments like what Twitter is doing, um, Zion
Speaker 1: has already put that in because it's built on the
Speaker 1: bitcoin network. It's it already natively has payments built in.
Speaker 1: And so in order to join my community, I can say, yeah,
Speaker 1: it's you know, it's ten stats. Uh. To put that
Speaker 1: into perspective, about fifteen hundred one five hundred stats is
Speaker 1: is about a dollar. Uh. To to even further explain that,
Speaker 1: for you, um, a dollar is divisible into one hundred cents, right,
Speaker 1: A bitcoin is divisible into one hundred million stats, same thing,
Speaker 1: just a different denomination, a different, different divisible amount, And
Speaker 1: so about a roughly thirteen to fifteen hundred stats equals
Speaker 1: a dollar. So ten stats is nothing, right, it's a
Speaker 1: fraction of a penny. But I can say, hey, it's
Speaker 1: it's ten stats to join my community. And then in
Speaker 1: order to post messages, you put up a ball and
Speaker 1: a bond, like a bell bond. Right, if you're if
Speaker 1: your body went to jail, you to bell amount, you
Speaker 1: put the money up. If he shows up the court,
Speaker 1: you get the money back. Right, So it's kind of
Speaker 1: the same way where I can put up a bond,
Speaker 1: I put up you know, ten SATs or fifty stats
Speaker 1: to post the messages, and as long as those messages
Speaker 1: are good, I I keep my bond. But if if
Speaker 1: the community manager marks it as spam, I lose my money.
Speaker 1: And again it's it's not a big amount, it's a
Speaker 1: fraction of a penny, but it's enough to stop the spam.
Speaker 1: And so it's a massive problem. Zion's got it fixed
Speaker 1: because they're natively built on bitcoin, and it looks like
Speaker 1: Twitter is trying to do the exact same thing. And
Speaker 1: I applaud them because boy do we ever need it
Speaker 1: more and more and and staying on this train of
Speaker 1: development right again, the prices of distraction. We're looking at
Speaker 1: network growth and we're looking at development on the network.
Speaker 1: Those are the two things. And so um, this week, UM,
Speaker 1: that wasn't the only big news that came out Twitter.
Speaker 1: I mean, obviously Twitter jumping on and building building products
Speaker 1: on it was really really big, But they're not the
Speaker 1: only ones. And so we saw also this week, UM,
Speaker 1: one of the founders of PayPal came out and said, um, hey,
Speaker 1: you know, we think this is gonna be the next thing.
Speaker 1: We think that that the cryptocurrencies are it. We think
Speaker 1: that the dollar is dead, and they want to continue
Speaker 1: building on it as well. And so I think that's
Speaker 1: just important to understand that when you see companies like Twitter,
Speaker 1: when you see companies like PayPal um integrating this building
Speaker 1: on it again, that's the development. And when that development happens,
Speaker 1: that builds value into the future because you know, as
Speaker 1: those new products, as those new features come out, as
Speaker 1: they're introduced, more people will use it, which then of
Speaker 1: course brings back the first level, which is more users
Speaker 1: and continues to build more values. So if that's making
Speaker 1: sense to you, again, we're talking about bitcoin, we're talking
Speaker 1: about cryptocurrencies, we're talking about the decentralized revolution, and you're
Speaker 1: listening to the Mark Moss Show. I appreciate you hanging
Speaker 1: out with me, and hopefully you hang out with me
Speaker 1: each and every week at the same time on this
Speaker 1: AIMS station, because this is literally the biggest opportunity you're
Speaker 1: ever going to have in your life. It's that big,
Speaker 1: and the only way you can take advantage of it
Speaker 1: properly is by having the right information. If you have
Speaker 1: the wrong information, you buy at the wrong time, you
Speaker 1: sell at the wrong time, you don't understand what you're doing,
Speaker 1: you don't get enough, you buy too little, you buy
Speaker 1: too much, and so you don't make good decisions unless
Speaker 1: you have good information. And I hate to tell you,
Speaker 1: but most of the mainstream information you're getting is wrong.
Speaker 1: I've been studying it, researching it, writing about it. I've
Speaker 1: personally written and published over one thousand pages myself of
Speaker 1: cryptocurrency research. And so you know, I know a couple
Speaker 1: of things, and I'm trying to share my information with
Speaker 1: you straight from my seven years of hard work. Are
Speaker 1: right into your head. Each end every week on this channel,
Speaker 1: you listen to the Mark Mass Show. I'm gonna be
Speaker 1: right back telling you more about bitcoin and cryptocurrencies in
Speaker 1: a second. All right, welcome back. You are back with
Speaker 1: me again. You're listening to Mark Moss Mark Moss Show.
Speaker 1: We're talking about bitcoin, We're talking about cryptocurrencies, we're talking
Speaker 1: about the decentralized revolution. And each and every week I'm
Speaker 1: trying to bring to you the most up to date
Speaker 1: information so you have the right information that you need
Speaker 1: to stay in the biggest trade, the most profitable trade
Speaker 1: that you've ever been in. And of course that's understanding
Speaker 1: the network growth and the development on the network. And
Speaker 1: so for example, um, two months ago bitcoin had or
Speaker 1: maybe it was back in May, so four or five
Speaker 1: months ago, I guess at this point um bitcoin hit
Speaker 1: hit its previous all time high of sixty five thousand,
Speaker 1: and then it proceeded to crash all the way down
Speaker 1: into thirty range. And so if you didn't know what
Speaker 1: you were doing, let's say that you just you know,
Speaker 1: your buddy told you to buy some and you did,
Speaker 1: but you didn't know he didn't tell you why, he
Speaker 1: didn't tell you what it was you kind of heard
Speaker 1: some some some buzz online or something like that. You're like,
Speaker 1: I'll take a flyer, what the heck? Right? And you
Speaker 1: bought some at fifty sixty and then it drops all
Speaker 1: the way to thirty five thousand. You might freak out
Speaker 1: and you might go, oh, shoot, I can't believe it.
Speaker 1: I don't why did I buy that. I'll just sell now,
Speaker 1: I'll just I'll take my money and I'll just go home.
Speaker 1: And you do, and you sell and you take a loss.
Speaker 1: But if you understood what was going on, you wouldn't
Speaker 1: be shaken out. And so we call that what we
Speaker 1: call the weekends, or like paper hands, their weekends. They
Speaker 1: can't hang on tight. And the reason why they can't
Speaker 1: hang on tight is because they don't know what they're doing.
Speaker 1: Before you ever buy any investments, you have to understand
Speaker 1: a couple of things. One, what is it that I'm
Speaker 1: buying and to what where do I think it's going?
Speaker 1: And three what are the things that are going to
Speaker 1: happen in order for it to get there? So, for example,
Speaker 1: I've used a real estate as examples. Before I heard
Speaker 1: they're going to build this new development outside of town
Speaker 1: in five years. Okay, that's the why. So I'm gonna
Speaker 1: go buy a piece of land nearby, that's the what.
Speaker 1: And then how much is it gonna be worth? While
Speaker 1: I think it's gonna be worth you know, X amount
Speaker 1: when that new development is built. And so let's say
Speaker 1: that the price of real estate went down in next year,
Speaker 1: what I freak out and sell the land? Well maybe,
Speaker 1: but I would need to see if those three things
Speaker 1: were still true. Is that development still on track? Yes, okay, Well,
Speaker 1: then I'm gonna stay. I'm gonna hold on. I'm not
Speaker 1: gonna have paper weak hands. Sometimes people call him let
Speaker 1: his hands. I'm gonna have diamond hands, strong hands that
Speaker 1: are gonna hang on because I know what's going on.
Speaker 1: And so if you know what's going on, then you
Speaker 1: wouldn't have sold at thirty lost half your money, and
Speaker 1: you would have stayed in it and you would be
Speaker 1: sitting on new all time highs. And the problem is
Speaker 1: is that most people have bad information. And they have
Speaker 1: bad information for a couple of reasons. Typically there's two reasons. One,
Speaker 1: they think they're too smart. What do I mean by that?
Speaker 1: Almost the smarter people are, the smarter they are with
Speaker 1: the economic system. Almost the harder time they have of
Speaker 1: getting bitcoin, so they will be like they take a
Speaker 1: look at it. Oh yeah, I get that, I understand it.
Speaker 1: It's kind of like digital cash, or oh yeah, yeah,
Speaker 1: I get it. I getah, it's like digital goals. Okay, sure,
Speaker 1: I get that right. And so then they they think
Speaker 1: they understand it because they're so smart, but they didn't
Speaker 1: really ever take the time to put into it um
Speaker 1: And then it goes to the second um problem, which
Speaker 1: really they're actually kind of the same now that I
Speaker 1: think about it. The other problem is that most people
Speaker 1: aren't so they don't think they're so smart. They're just lazy.
Speaker 1: They're just lazy. I mean, if you're staring at the
Speaker 1: greatest opportunity of your life that could literally change your
Speaker 1: entire life. I don't talk a lot about the amount
Speaker 1: of money that I've made, uh know what I want to,
Speaker 1: but let's just say that during during during the crypto
Speaker 1: run from seventeen, I was writing a cryptocurrency research newsletter.
Speaker 1: During the time I was publishing that newsletter, I put
Speaker 1: out over twenty positions to my readers that went up
Speaker 1: over one thousand per cent. The best call I ever
Speaker 1: put out went up over a hundred thousand percent. That
Speaker 1: turns five hundred bucks into half a million dollars. So
Speaker 1: if you were sitting and if you were staring at
Speaker 1: that kind of an opportunity in front of you, don't
Speaker 1: you think it'd be worth a little bit of your
Speaker 1: time to take a better understanding of it. But most
Speaker 1: people don't. They're lazy, they don't pay attention. They or
Speaker 1: they're so smart, which they're also kind of lazy, but
Speaker 1: they're so smart they're blinded by it. So let me
Speaker 1: give you an example of this. And so this is
Speaker 1: the problem. This is what I'm trying to save you from.
Speaker 1: By the way, you're listening to the Markmas Show talking
Speaker 1: about bitcoin and cryptocurrencies in this decentralized revolution that's happening.
Speaker 1: And I'm gonna give you an example because if you're
Speaker 1: reading headlines. There's another problem that I have is today
Speaker 1: people want to read the headlines and they don't even
Speaker 1: bother to read the article. They just read the headline
Speaker 1: and they think they understand it. But the problem is,
Speaker 1: in today's clickbait world, usually the headlines are very misleading.
Speaker 1: And so I get, you know, I break these things
Speaker 1: down into videos and they'll take a super complex subject,
Speaker 1: can break it down into like a twenty minute video,
Speaker 1: and people are like, hey, too long, too long, give
Speaker 1: me the short version. And I'm like, dude, if you
Speaker 1: can't even take twenty minutes understand this complex subject, you're
Speaker 1: never gonna make it. But let me give you an example.
Speaker 1: So here's a business insider. Okay, business insider. This is
Speaker 1: a big website for for for financial people. Ken Griffin
Speaker 1: thinks bitcoin will be replaced by ethereum and says the
Speaker 1: reddit fueled conspiracy theories about his involvement in the GameStop
Speaker 1: saga are like a bad Saturday Night Live joke. So um,
Speaker 1: this guy said at else Kin Griffin, he said it's
Speaker 1: going to be replaced by a superior cryptocurrency like ethereum. Okay, well,
Speaker 1: he obviously doesn't understand what it is. Just based off
Speaker 1: of that comment, you can understand now you could easily
Speaker 1: say and really where most people that are, you know,
Speaker 1: somewhat educated wouldn't say that. That's like trying to compare
Speaker 1: an apple to an orange. Right, one doesn't really replace
Speaker 1: the other. Um, I might argue that we don't need oranges,
Speaker 1: we only want apples. Um, that's that's a that's a
Speaker 1: different story for a different time. Um, But what he's
Speaker 1: saying is that, uh, Griffin believes the next generation cryptocurrency
Speaker 1: based on the ethereums blockchain will likely to displace it
Speaker 1: due to its faster transactions per second, smaller energy footprint,
Speaker 1: and lower transactions cost. All right, so this is how
Speaker 1: ignorant he is. And I'm sorry to use that word.
Speaker 1: I know that might be a little bit strong. So again,
Speaker 1: let me read that again. Griffin believes, now this is
Speaker 1: this is a guy from Citadel. This guy is a billionaire, right,
Speaker 1: Like he's a baller, like, I mean, he knows way
Speaker 1: more about how to game the financial system we get
Speaker 1: rich than I do. But this is just an apparent
Speaker 1: blind spot, he says, um based on a theory, and
Speaker 1: blockchain will likely displace bitcoin due to it's faster transactions
Speaker 1: per second and lower transaction costs. So what he's missing
Speaker 1: is that the way technology works is actually the same
Speaker 1: way that money works. It works in layers. So gold
Speaker 1: is a base settlement, right, So if I was going
Speaker 1: to pay in gold, I have in gold. Eventually we
Speaker 1: got as hard as we did paper gold certificates. The
Speaker 1: paper goal certificates were easier to transact. That was a
Speaker 1: second layer. And then we got bank checks that's a
Speaker 1: third layer. Then we got credit and debit cards. That's
Speaker 1: a fourth layer. Then we hook Venmo to our credit cards.
Speaker 1: That's a fifth layer. So now that find down. The
Speaker 1: find system has five layers, right, and so each one
Speaker 1: gets faster. Gold still really slow. Paper gold is faster,
Speaker 1: but Venmo is the fastest. Well also Bitcoin and technology
Speaker 1: scales like that. So Bitcoin, or like the Internet, you
Speaker 1: have T C P I P, that's the protocol, and
Speaker 1: then you want email, okay, HTTPS you put that on
Speaker 1: top or I'm sorry SMTP, and then you want security,
Speaker 1: so you put HTTPS and that's layers and Bitcoin is
Speaker 1: the same way. So back to his his comment, um
Speaker 1: it will a bitcoin be displaced because Ethereum is faster
Speaker 1: transactions and lower transaction costs. So right now today um
Speaker 1: bitcoin has a second layer. It's called lightning, and I
Speaker 1: can already transact bitcoin faster and cheaper than any other
Speaker 1: cryptocurrency instant. I mean I'm talking like by the time
Speaker 1: you hit the button on your phone to send it,
Speaker 1: before you even release your finger off the button, the
Speaker 1: money is already there and it's done for one SAT. Remember,
Speaker 1: fifteen hundred stats is a dollar, so one sat is
Speaker 1: one of a dollar. Um. So he obviously doesn't even understand.
Speaker 1: Now this is not a big secret. Um. You probably
Speaker 1: are aware by now that the entire country of El
Speaker 1: Salvador has adopted bitcoin and you can go to Starbucks
Speaker 1: or McDonald's or the papoosas down in the corner and
Speaker 1: you can pay in bitcoin right now today. It's been
Speaker 1: that way since September. September seven's when the law into place,
Speaker 1: that it's been working since before that as well. I've
Speaker 1: been there personally and I've I've bought things there like
Speaker 1: a coffee or whatever with bitcoin, and I do on
Speaker 1: the Lightning network, and it's faster and cheaper. So for
Speaker 1: someone like this to have either either he's a liar,
Speaker 1: which probably is not the case. I'm not accusing of that,
Speaker 1: but he's ignorant. And so if you're getting information from
Speaker 1: people like that, you're gonna have a tough time. And
Speaker 1: that's exactly why I'm trying to come to you each
Speaker 1: and every week to give you the information you need
Speaker 1: so you don't get shaken out with your weak paper
Speaker 1: soft let his hands if I give you the right information,
Speaker 1: you can have strong diamond hands. There's a This isn't
Speaker 1: a financial advice in my opinion at this point. It's
Speaker 1: the best risk adjusted trade I've ever seen in my lifetime.
Speaker 1: There's easy ten x upside. Now a ten x upside
Speaker 1: a thousand percent. I mean, the stock markets average a
Speaker 1: six percent return. So you're saying, Mark, you say a
Speaker 1: thousand percent. Yeah, I'm saying a thousand percent. Uh. It's
Speaker 1: it's it's that big of an opportunity. And so that's
Speaker 1: why you want to tune in with me each and
Speaker 1: every week. So while you're at it, grab your phone,
Speaker 1: make sure to put a calendar reminder for this date,
Speaker 1: this time, this channel, and come back with me each
Speaker 1: and every week to the Mark Mass Show. We're talking
Speaker 1: about bitcoin, talking about cryptocurrencies. We're talking about the decentralized revolution.
Speaker 1: It's the most important part of your week. It will
Speaker 1: be the most profitable part of your week. I can
Speaker 1: tell you that. I'm Mark Moss. Thanks for listening.