WEBVTT - The Mark Moss Show Nov 15, 2021 0:00:00.160 --> 0:00:03.840 Welcome, Welcome, Welcome. You are listening to the Mark Ma Show. 0:00:03.960 --> 0:00:06.040 And of course, if you've been tuned in every week, 0:00:06.080 --> 0:00:08.600 you already know. We are talking about bitcoin, we're talking 0:00:08.640 --> 0:00:13.800 about cryptocurrencies, We're talking about the decentralized Revolution. I'm bringing 0:00:13.800 --> 0:00:16.880 you the most up to date information on a regular 0:00:16.960 --> 0:00:19.320 basis so you can stay informed, so you can take 0:00:19.320 --> 0:00:23.439 advantage of what is seriously, literally, I'm not trying to 0:00:23.440 --> 0:00:26.840 exaggerate the biggest opportunity that you'll ever see in your life, 0:00:27.360 --> 0:00:29.000 not just not just your life, in my life, but 0:00:29.160 --> 0:00:32.519 multiple generations. It's literally that big. It's a it's a 0:00:32.560 --> 0:00:37.360 technological revolution. It's already making people millionaires and billionaires, and 0:00:37.520 --> 0:00:40.239 you need to take advantage of this if you're not already. 0:00:40.560 --> 0:00:42.519 And so I'm trying to bring you that information each 0:00:42.560 --> 0:00:45.720 and every week so you can take advantage of it. Bitcoin, 0:00:45.920 --> 0:00:49.320 cryptocurrencies and the decentralized revolution. Now, just real quick, if 0:00:49.320 --> 0:00:51.800 you're listening, you know how important this is. You don't 0:00:51.800 --> 0:00:53.640 want to miss it, So grab your phone, put a 0:00:53.680 --> 0:00:56.160 reminder the station this time, this channel, and make sure 0:00:56.160 --> 0:00:57.640 to tune in with me each and every week, because 0:00:58.120 --> 0:01:01.360 I am going to be giving you is asymmetric information 0:01:01.360 --> 0:01:04.000 that means information most people don't have. You'll be more 0:01:04.000 --> 0:01:06.039 informed than most people. You'll be able to go to 0:01:06.080 --> 0:01:08.920 that party and you'll seem like the most knowledgeable guy 0:01:08.959 --> 0:01:11.080 there because you've been listening to the Markmas Show and 0:01:11.120 --> 0:01:13.600 I'm filling you in on the most important things. Now, 0:01:13.959 --> 0:01:16.000 let's just go ahead and jump right into it. Now. 0:01:16.400 --> 0:01:17.760 If you listen to me each and every week, you 0:01:17.800 --> 0:01:20.360 know I say over and over and over that the 0:01:20.400 --> 0:01:23.680 price is a short term distraction. All right, it's a 0:01:23.720 --> 0:01:27.039 short term distraction, but it's also what I like to 0:01:27.080 --> 0:01:30.280 call a loss leader. It's the bait and switch. It 0:01:30.360 --> 0:01:33.760 baits you in on the price. I'm hoping to make 0:01:33.800 --> 0:01:36.360 more U S dollars, I'm hoping to increase my US 0:01:36.440 --> 0:01:38.959 dollar stack. So it baits you in with hopes of 0:01:38.959 --> 0:01:43.840 getting rich, and then it switches you into understanding this 0:01:43.920 --> 0:01:46.679 is a tool for freedom. This is a tool to 0:01:46.920 --> 0:01:49.480 change the world for the better. It's going to be 0:01:49.480 --> 0:01:51.480 an amazing world on the other side of this when 0:01:51.480 --> 0:01:54.600 we have a bitcoin standard. Now, but let's talk about 0:01:54.600 --> 0:01:56.080 the price, because it is the bait and switch. It 0:01:56.160 --> 0:01:58.280 is the bait that brings you in. And of course, 0:01:58.640 --> 0:02:01.440 if you're paying attention to Bitcoin in the cryptocurrency space 0:02:01.480 --> 0:02:04.280 at all, then you probably already know by now, and 0:02:04.320 --> 0:02:08.440 if you don't, Bitcoin hit a new all time high 0:02:08.760 --> 0:02:10.880 this week. As a matter of fact, we got up 0:02:10.919 --> 0:02:13.760 over sixty eight thousand. I think we almost got to 0:02:13.919 --> 0:02:19.320 sixty nine thousand dollars sixty nine sixty nine thousand US dollars, 0:02:19.360 --> 0:02:24.200 that is, uh, the entire cryptocurrency markets market cap jumped 0:02:24.280 --> 0:02:27.520 up as well. We hit the three trillion dollar market cap, 0:02:27.760 --> 0:02:30.480 which is amazing. So the market cap basically means um 0:02:30.560 --> 0:02:33.560 all the existing token. So like with bitcoin, for example, 0:02:33.560 --> 0:02:35.560 there will never be more than twenty one million bitcoin, 0:02:36.200 --> 0:02:38.760 but right now there's somewhere about eighteen and a half 0:02:38.800 --> 0:02:41.919 a million that are already in circulation. The rest will 0:02:41.960 --> 0:02:43.560 come out at some point. And so you take the 0:02:43.600 --> 0:02:46.359 price of one bitcoin, so at sixty eight thousand, for example, 0:02:46.880 --> 0:02:50.160 UM times the existing supply UM, then you get the 0:02:50.160 --> 0:02:53.680 market cap. So right now hims the existing supply UM, 0:02:53.760 --> 0:02:56.639 then you get the market cap. So right now bitcoin 0:02:56.800 --> 0:03:00.519 is about sixty five thousand, there's about eighteen point eight 0:03:00.680 --> 0:03:02.919 million in circulation. So you take the sixty five thousand 0:03:02.960 --> 0:03:04.760 times the eighteen point eight and it gives you a 0:03:04.800 --> 0:03:08.880 market cap of about one point two trillion dollars. So 0:03:08.919 --> 0:03:11.760 that's kind of how that works. And just if you're wondering, now, um, 0:03:11.800 --> 0:03:13.640 one thing that's a little bit misleading about the market 0:03:13.639 --> 0:03:17.400 cap is it's the market cap, um, it's the price 0:03:17.440 --> 0:03:19.679 of the coin itself. Or so for if we're talking 0:03:19.680 --> 0:03:22.799 about ethereum, it's about forty seven hundred dollars, and there's 0:03:22.840 --> 0:03:27.400 about a hundred and sixty six uh forty seven hundred dollars, 0:03:27.440 --> 0:03:31.920 and there's about a hundred and eighteen million ethereum in circulation, 0:03:32.400 --> 0:03:34.000 and so then you would take the forty seven hundred 0:03:34.000 --> 0:03:36.040 times the hundred eighteen million in circulation gets you about 0:03:36.040 --> 0:03:38.640 a market cap of about five hundred and sixty one 0:03:38.800 --> 0:03:41.760 billion dollars. Now it's a little bit misleading about those numbers. 0:03:41.760 --> 0:03:45.160 Just so you know, is that tells you the dollar 0:03:45.200 --> 0:03:49.360 amount of one unit times the amount of circulating supply. 0:03:50.000 --> 0:03:52.760 No different if you're talking about Tesla stock or Facebook stock, 0:03:52.880 --> 0:03:55.240 or I guess I should say, now the Meta stock. 0:03:55.680 --> 0:03:57.760 I don't know if they've officially switched over yet, but um, 0:03:57.760 --> 0:03:59.560 you would take the price of that stock times the 0:03:59.600 --> 0:04:03.080 circulating supply. But it's a little bit misleading because what 0:04:03.160 --> 0:04:05.120 we typically like to do as investors, we want to 0:04:05.120 --> 0:04:08.960 know what the fully diluted supply is, the fully diluted 0:04:08.960 --> 0:04:10.720 market cap, So what does that mean. So we take 0:04:10.760 --> 0:04:13.120 the price of bitcoin at sixty four thousand or sixty 0:04:13.120 --> 0:04:16.360 five thousand times not the circulating supply which is about 0:04:16.400 --> 0:04:20.599 eighteen almost nineteen million, but times the fully diluted So 0:04:20.600 --> 0:04:22.559 with bitcoin there will never be more than twenty one million, 0:04:22.720 --> 0:04:25.760 So you take the twenty one million times the price, 0:04:25.839 --> 0:04:28.400 and that's a fully diluted market cap UM. When you're 0:04:28.400 --> 0:04:31.960 looking at stocks again, Tesla, Facebook, Google, et cetera, UM, 0:04:32.040 --> 0:04:35.360 they have they have a max right, they can't just 0:04:35.400 --> 0:04:37.760 create more Tesla stock out of thin air. Now sometimes 0:04:37.800 --> 0:04:40.440 they split it, but that doesn't make more of it, 0:04:40.440 --> 0:04:43.240 It just divides it more UM. And so you would 0:04:43.279 --> 0:04:46.760 talk typically talk about the fully diluted price UM. And 0:04:46.760 --> 0:04:49.680 it's important to understand because with cryptocurrencies, a lot of them, 0:04:49.800 --> 0:04:52.440 like etheroryum for example, we don't know how many there 0:04:52.440 --> 0:04:56.200 will be pausi for dramatic effect. There again, we don't 0:04:56.200 --> 0:04:58.840 know how many there will be. So if they always 0:04:58.880 --> 0:05:01.080 continue to make more and more more with no end insight, 0:05:01.160 --> 0:05:02.720 how do I know how much it's gonna be worth? 0:05:02.880 --> 0:05:05.360 Because what happens is um and and let me give 0:05:05.360 --> 0:05:08.040 you some examples of some real world so this week, 0:05:08.360 --> 0:05:10.680 UM so a little bit about me. By the way, 0:05:10.720 --> 0:05:12.839 you listening to the Markma Show talking about bitcoin and 0:05:12.839 --> 0:05:15.440 cryptocurrencies and the decentralized revolution. And I'm trying to bring 0:05:15.440 --> 0:05:17.720 you the information you need to get ahead. Um And 0:05:17.760 --> 0:05:19.680 I'm an investor. I've been a full time investor for 0:05:19.760 --> 0:05:22.840 over twenty five years. Um And this week I got 0:05:22.880 --> 0:05:25.880 into three private deals. So these are you know, venture 0:05:26.279 --> 0:05:28.520 venture around prep pre I p O kind of deals. 0:05:29.360 --> 0:05:32.440 And I want to know what price I'm investing at. 0:05:32.560 --> 0:05:34.160 So one of the deals I got into is a 0:05:34.200 --> 0:05:37.200 forty million dollar evaluation um And I want to know 0:05:37.240 --> 0:05:40.040 what that fully diluted is. And because what happens is 0:05:40.080 --> 0:05:43.080 once I buy it at that amount, they can't print more, 0:05:43.240 --> 0:05:45.240 they can't create more stock because it would dilute me. 0:05:45.240 --> 0:05:47.880 It would make my existing stock worth less. So you 0:05:47.880 --> 0:05:49.920 wouldn't want to do that, right, It makes sense if 0:05:49.920 --> 0:05:51.640 you held Tesla stock, you wouldn't want Tesla to go 0:05:51.680 --> 0:05:54.799 increase the amount of Tesla stock either. But cryptocurrencies are different, 0:05:54.800 --> 0:05:57.359 where most of these cryptocurrencies, we don't know what the 0:05:57.440 --> 0:06:00.480 fixed supply is. And to me, that's the problem, Right, 0:06:00.560 --> 0:06:03.280 how do I know what valuation I'm going for? So, 0:06:03.320 --> 0:06:06.000 for example, in this private deal, I'll talk about more 0:06:06.160 --> 0:06:10.200 about it later and maybe some different episodes. Um. And actually, 0:06:10.240 --> 0:06:12.080 if you want to hear more about some private deals 0:06:12.120 --> 0:06:14.760 I'm doing in these spaces, UM, send me a message 0:06:14.760 --> 0:06:18.440 on social media Twitter. I'm superactive on Twitter, Instagram at 0:06:18.520 --> 0:06:20.960 one Mark Moss and uh, you know, give me some 0:06:21.000 --> 0:06:22.400 feedback if you want to talk about more of that, 0:06:22.520 --> 0:06:25.120 I can. But basically my point is is I look 0:06:25.160 --> 0:06:27.919 at this company and I'm investing at a forty million 0:06:27.920 --> 0:06:32.200 dollar valuation. That's a lot for a startup, right, Well, shoot, 0:06:32.240 --> 0:06:34.960 how much could this startup be worth? Could it be 0:06:35.000 --> 0:06:39.120 worth five million? Four million? Could be could could have 0:06:39.160 --> 0:06:41.520 a ten x? Could it be worth a billion? Could 0:06:41.560 --> 0:06:43.400 have a twenty x? Right, And so I'm trying to 0:06:43.400 --> 0:06:45.960 say what could this company eventually be and then what 0:06:46.000 --> 0:06:48.440 would my return be if I if I held it 0:06:48.520 --> 0:06:51.480 until that point? Um? But I know that because they 0:06:51.520 --> 0:06:55.360 can't create more shares, So with bitcoin, they can't create 0:06:55.400 --> 0:06:57.920 more shares, and so I know, hey, bitcoin could absorb 0:06:58.000 --> 0:07:00.400 you know, the gold industry that's potential and dollars, could 0:07:00.400 --> 0:07:03.200 absorb the offshore banking industry that's um you know, thirty 0:07:03.240 --> 0:07:05.960 to forty trillion dollars. It could absorb the debt market. 0:07:06.000 --> 0:07:09.080 There's no two sillion dollars. And so eventually bitcoin could 0:07:09.120 --> 0:07:11.880 be worth you know, hundreds of tillions of dollars. And 0:07:12.000 --> 0:07:14.080 I know, based off the amount of tokens I have, 0:07:14.240 --> 0:07:16.480 what that will be worth. But if you're holding something else, 0:07:16.520 --> 0:07:19.080 another token that could just continue to print and print 0:07:19.080 --> 0:07:21.960 and print create more tokens, then it doesn't ever tell 0:07:22.000 --> 0:07:25.360 you what your valuation would because it's inflating spites devaluing 0:07:25.800 --> 0:07:28.320 you're holdings at the same time. So anyway, hopefully that 0:07:28.320 --> 0:07:30.040 that helps you out with your with a little bit 0:07:30.040 --> 0:07:32.760 of investing lesson. That's a that's an important thing, especially 0:07:32.760 --> 0:07:34.440 if you're gonna be putting your money into some of 0:07:34.520 --> 0:07:37.880 these these projects that are kind of like venture plays. 0:07:38.800 --> 0:07:40.760 But anyway, back to bitcoin. So we we did hit 0:07:40.800 --> 0:07:43.600 that you know, sixty eight sixty nine thousand price point 0:07:43.680 --> 0:07:47.720 this week, and then it quickly turned down like everybody 0:07:47.800 --> 0:07:49.400 was like no. As a matter of fact, it was 0:07:49.400 --> 0:07:52.240 about about sixty nine thousand dollars and then it just 0:07:52.280 --> 0:07:56.360 got rejected and went down and crashed, and uh, everybody's 0:07:56.360 --> 0:07:58.360 freaking out because it dropped all the way down to 0:07:58.360 --> 0:08:00.640 the price where it was like two days before. But 0:08:00.680 --> 0:08:02.080 you know, that's the thing. It's just volatile, and you 0:08:02.160 --> 0:08:05.720 gotta be gotta be willing to stomach those drops. But 0:08:06.000 --> 0:08:10.680 as I say, the price is a distraction because if 0:08:10.680 --> 0:08:12.440 you're with me to every week, you know there's two 0:08:12.480 --> 0:08:14.280 things that you need to be paying attention to in 0:08:14.360 --> 0:08:19.560 new technologies like cryptocurrencies, and that is one the network growth, 0:08:19.640 --> 0:08:21.600 how many users are coming on board, how fast is 0:08:21.600 --> 0:08:25.800 that network growing, And to how much development is being 0:08:25.840 --> 0:08:29.320 done on the technology itself. Obviously, if there's no developers 0:08:29.360 --> 0:08:31.320 and they're not developing anything new and it's dead, then 0:08:31.520 --> 0:08:33.320 it's I wouldn't expect to go up in value. And 0:08:33.360 --> 0:08:35.439 also if the users weren't increasing, I wouldn't expect to 0:08:35.480 --> 0:08:37.520 gop in value. So I watched those two things, and 0:08:37.520 --> 0:08:39.640 then the price will eventually get where the price is 0:08:39.679 --> 0:08:44.760 going to be. And this week we have had some massive, 0:08:45.200 --> 0:08:49.120 massive developments on those two levers, both the network growth 0:08:49.200 --> 0:08:52.880 and the development on the network, And uh, I'm gonna 0:08:52.920 --> 0:08:54.800 tell you what those are, because again, those are the 0:08:54.800 --> 0:08:58.600 things that you should be watching for. Um. So we'll 0:08:58.600 --> 0:09:00.160 talk about that. By the way, you're listening to the 0:09:00.160 --> 0:09:03.479 markma Show. We're talking about bitcoin, we're talking about cryptocurrencies, 0:09:03.520 --> 0:09:06.120 and we're talking about the decentralized revolution. I'm bringing you 0:09:06.640 --> 0:09:10.120 the latest news each and every week so you can 0:09:10.160 --> 0:09:14.760 take advantage of this asymmetical opportunity. Like I said, there's millionaires, 0:09:14.800 --> 0:09:18.640 there's billionaires being made. You can be one of them 0:09:18.679 --> 0:09:20.440 if you get in now. Now. I know a lot 0:09:20.440 --> 0:09:21.960 of people say it's too late. You know, I should 0:09:21.960 --> 0:09:24.400 have bought five years ago. Um, And I'll say that. 0:09:24.480 --> 0:09:25.760 You know, the best time to plane a tree was 0:09:25.760 --> 0:09:27.880 twenty years ago, but the second best time to planet 0:09:27.880 --> 0:09:30.920 tree is today. And in five years from now, you'll 0:09:30.960 --> 0:09:34.959 be wishing you had bought cryptocurrencies today, five years before. 0:09:35.440 --> 0:09:36.719 So you're listening to the Mark More Show. When we 0:09:36.760 --> 0:09:39.320 come back, I'm gonna tell you what is going on 0:09:39.400 --> 0:09:41.640 with the network growth and the development on the network. 0:09:41.960 --> 0:09:44.800 So stick with me. I'll be right back. Hey, welcome back. 0:09:44.840 --> 0:09:47.600 You are listening to the Mark mass Show. We are 0:09:47.640 --> 0:09:50.679 talking about bitcoin, we're talking about cryptocurrencies, we're talking about 0:09:50.679 --> 0:09:55.400 the decentralized revolution. It's sweeping the world by storm. And 0:09:55.400 --> 0:09:57.320 if you're not paying attention, I don't know where the 0:09:57.360 --> 0:10:01.760 heck you have been. I mean, it is dominant, aiding headlines. Well, 0:10:01.800 --> 0:10:04.280 I guess there's plenty of other bad things going on 0:10:04.280 --> 0:10:07.240 in the world today. That's a that's taking up some 0:10:07.280 --> 0:10:09.199 headlines as well. But we're gonna focus on the good things. 0:10:09.200 --> 0:10:11.400 We're gonna talk about how we can change the world. 0:10:11.440 --> 0:10:12.920 We're gonna talk about how we can make some money 0:10:12.920 --> 0:10:15.400 along the way. And before the break, I was explaining 0:10:15.440 --> 0:10:17.600 how you know, the price is a distraction, but I 0:10:17.640 --> 0:10:19.520 talked about the price because of that bait and switch. 0:10:19.720 --> 0:10:21.000 But I was saying that the two things we really 0:10:21.000 --> 0:10:22.840 want to pay attention to our the network growth and 0:10:22.840 --> 0:10:26.240 the development that's being done on the network. And so 0:10:26.280 --> 0:10:27.839 those are the two things that we always want to 0:10:27.840 --> 0:10:30.320 be paying attention to. And so this week, man, I 0:10:30.360 --> 0:10:32.080 mean just every week. That's why you have to be 0:10:32.080 --> 0:10:35.200 paying attention to this. This week we had big news, 0:10:35.360 --> 0:10:39.640 big big, big time development is is going on and um, 0:10:39.760 --> 0:10:41.560 a matter of fact, what we saw this week a 0:10:41.600 --> 0:10:44.240 couple of big things. One Twitter, which is probably my 0:10:44.280 --> 0:10:46.920 favorite social media app, by the way, if you're following, 0:10:46.960 --> 0:10:49.560 if you're on Twitter, you should follow me one Mark Moss. 0:10:49.600 --> 0:10:52.440 That's just the number one Mark Moss. Sammy a message, 0:10:52.440 --> 0:10:55.400 tell me you heard me here. But the CEO of Twitter, 0:10:55.520 --> 0:10:59.280 Jack Dorsey, he is a big, big, big time Bitcoin bowl. 0:10:59.440 --> 0:11:01.559 We call him a bold meaning he's bullish, meaning he 0:11:01.559 --> 0:11:04.679 he believes in it. He's a he's long bitcoin and um, 0:11:04.679 --> 0:11:07.760 he's been long bitcoin. And Twitter announced that they are 0:11:07.880 --> 0:11:12.000 launching a dedicated crypto team. So the social media company 0:11:12.000 --> 0:11:15.480 said Wednesday it is assembling a team called Twitter t 0:11:15.800 --> 0:11:19.240 W t R Twitter Crypto to look into ways to 0:11:19.320 --> 0:11:21.920 help creators on the app to earn money or accept 0:11:21.920 --> 0:11:25.520 cryptocurrencies such as bitcoin for payment and other ways to 0:11:25.640 --> 0:11:30.960 use blockchain technology. Oh so they're gonna do a bunch 0:11:31.000 --> 0:11:35.959 of development on bitcoin for payment. Now, for some of 0:11:36.040 --> 0:11:37.680 you that have been tuned in each and every week, 0:11:37.720 --> 0:11:40.000 then you probably know that there is already a little 0:11:40.040 --> 0:11:43.120 bitcoin integration into Twitter. So I have it on my 0:11:43.600 --> 0:11:46.040 on my account. Most people do. And so again, if 0:11:46.040 --> 0:11:47.840 you're on Twitter, send me a message and maybe send 0:11:47.840 --> 0:11:51.360 me some stats. But basically right in Twitter, right on 0:11:51.440 --> 0:11:53.760 your profile, there's like a little icon that looks like 0:11:53.760 --> 0:11:55.520 a little bit of money, like a little dollar bill 0:11:55.600 --> 0:11:57.080 kind of and you can click on it and you 0:11:57.080 --> 0:12:01.079 can send either money dollars or you can send bitcoin 0:12:01.360 --> 0:12:03.400 back and forth to other users on Twitter. So it's 0:12:03.400 --> 0:12:05.320 already kind of in there. And so what they're saying 0:12:05.320 --> 0:12:08.200 in this in this release is that they're looking for 0:12:08.320 --> 0:12:10.480 ways that they can continue to do that to help 0:12:10.559 --> 0:12:16.200 creators on the app to earn more money. Let's talk 0:12:16.240 --> 0:12:17.760 about this, so that this is led by a new 0:12:17.840 --> 0:12:20.960 higher software engineer, Test Renaisson. It's gonna report to Twitter's 0:12:21.000 --> 0:12:24.080 chief technology officer, and they're looking to fill a couple 0:12:24.120 --> 0:12:26.240 of roles there, and they say they're gonna set the 0:12:26.360 --> 0:12:31.120 strategy for the future of crypto on Twitter. They see 0:12:31.160 --> 0:12:33.120 how big this is going to be and they are 0:12:33.400 --> 0:12:36.760 jumping in now. To to break this down a little bit, 0:12:36.800 --> 0:12:39.480 I want you to understand this. So first of all, 0:12:39.600 --> 0:12:43.640 we have the smartest people in the world coming into bitcoin. 0:12:43.800 --> 0:12:46.480 I mean the smartest investors. I mean I'm talking old 0:12:46.600 --> 0:12:50.360 dinosaurs like Ray Dalio and Stanley Druck and Miller and 0:12:50.440 --> 0:12:53.120 Paul Judor Jones. I mean, these are the titans. These 0:12:53.160 --> 0:12:55.360 are the biggest names I know. You know, Warren Buffett, 0:12:55.360 --> 0:12:56.959 but he's kind of he's kind of passed his prime 0:12:57.200 --> 0:12:58.800 the last couple of decades. He hasn't done too good. 0:12:58.840 --> 0:13:01.640 But like I'm talking the Druck and Miller. Maybe don't 0:13:01.640 --> 0:13:03.520 know these names if you don't not investing, but Radiality 0:13:03.520 --> 0:13:06.800 you probably heard of. They're all on bitcoin, They've all 0:13:06.840 --> 0:13:09.360 come over. And then you have some of the smartest 0:13:09.360 --> 0:13:12.360 tech people like Twitter, like Jack Dorsey and so I 0:13:12.400 --> 0:13:14.280 know a lot of you are listening to this right now, 0:13:14.320 --> 0:13:15.760 by the way, you're listening to the Mark Moa show. 0:13:15.760 --> 0:13:18.280 We're talking about bitcoin and cryptocurrencies, and you know a 0:13:18.320 --> 0:13:20.640 lot of you are like, ah, it's it's a fad, 0:13:20.800 --> 0:13:23.559 and know it's a scam, it's a joke, it's worthless, 0:13:23.840 --> 0:13:26.120 it's going to be illegal, you know whatever, all these things, 0:13:26.160 --> 0:13:27.920 and I would just ask you just to check your 0:13:27.920 --> 0:13:32.120 own bias. Right. So, as humans, humans are horrible investors. 0:13:32.520 --> 0:13:34.880 And the reason why humans are horrible investors is because 0:13:34.880 --> 0:13:38.640 we're emotional beings. And as emotional beings, humans are really 0:13:38.679 --> 0:13:42.160 motivated by only two things, and that is we're motivated 0:13:42.200 --> 0:13:45.920 by UH to move towards pleasure and away from pain. 0:13:45.920 --> 0:13:48.240 And we also have all these biases, and so we 0:13:48.280 --> 0:13:50.600 have like normal cy bias. We think whatever is happening 0:13:51.280 --> 0:13:53.840 now is normal and it will continue. And so we 0:13:53.880 --> 0:13:56.080 have all these biases. And so I know a lot 0:13:56.120 --> 0:13:58.880 of people think it's you know, I get five thousand 0:13:58.960 --> 0:14:01.480 comments a week across my soul for media. I see it. 0:14:01.480 --> 0:14:04.400 It's a joke, it's a scam, it's a fad, it's worthless, 0:14:04.440 --> 0:14:06.960 all these things. But do you really think you're smarter 0:14:07.800 --> 0:14:11.320 than the CEO of Twitter? Do you? Because that would 0:14:11.320 --> 0:14:14.680 be a pretty boastful, prideful thing if you did, because 0:14:14.720 --> 0:14:18.720 they're probably the most cutting edge social media platform out there. Uh, 0:14:18.840 --> 0:14:21.800 you're probably not smarter than they are. I'm not. I'm 0:14:21.840 --> 0:14:24.600 certainly not. You're probably not smarter than Stanley Druckon Miller 0:14:24.600 --> 0:14:28.240 and Ray Dalio. You probably haven't studied financial markets, in 0:14:28.320 --> 0:14:31.080 monetary the history of monetary systems like Ray Dalio. He's 0:14:31.080 --> 0:14:32.600 one of the best when it comes to history of 0:14:32.600 --> 0:14:35.720 monetary systems and credit cycles. That's his big thesis. So 0:14:36.240 --> 0:14:38.000 I know a lot about that as a matter of fact, 0:14:38.000 --> 0:14:39.640 that I do a lot of talk, a lot of 0:14:39.680 --> 0:14:42.200 thesis about cycles, and I get a lot of what 0:14:42.240 --> 0:14:45.320 I do from Ray Dalio. He's the master. So I 0:14:45.360 --> 0:14:47.520 haven't done as much research as as he has, so 0:14:47.640 --> 0:14:49.600 I'm definitely not smarter than him. And he sees it, 0:14:50.000 --> 0:14:53.080 Paul Tutor Jones sees it, Stanley Druckon Millers and Twitter 0:14:53.120 --> 0:14:55.320 sees it. So you may think you're smart, you may 0:14:55.360 --> 0:14:57.600 think it's a joke of scam, a fat a trend, whatever. 0:14:58.560 --> 0:15:01.000 But again I would just ask you to your bias. 0:15:01.080 --> 0:15:03.240 All right, Now back to what they're saying here, I 0:15:03.240 --> 0:15:04.560 want to I want to pull this piece up. So 0:15:04.600 --> 0:15:07.640 they said that they're looking into ways to help creators 0:15:08.080 --> 0:15:11.320 on the app to earn money, all right, creators to 0:15:11.360 --> 0:15:12.800 earn money. Now, the first thing that I want to 0:15:12.840 --> 0:15:15.600 say is that right now we're seeing this explosion of 0:15:15.640 --> 0:15:20.000 cryptocurrencies and they're promising to you know, save the world. 0:15:20.080 --> 0:15:23.160 Right we're gonna manage supply, let us on the supply 0:15:23.240 --> 0:15:26.360 chain with cryptocurrency, and we're gonna buy movie tickets with 0:15:26.400 --> 0:15:30.640 cryptocurrency and all these things. Right, well, we can already 0:15:30.640 --> 0:15:33.400 buy movie tickets like that that that's not really broken. 0:15:33.800 --> 0:15:36.280 And uh, I don't know the last time you got 0:15:36.320 --> 0:15:38.840 excited about like a movie theater upgrading their software. But 0:15:38.880 --> 0:15:41.560 like I don't even know what software. Movie theaters run 0:15:41.680 --> 0:15:46.360 to sell tickets and frankly, I don't care. Frankly, I 0:15:46.360 --> 0:15:49.440 don't care. Right, Uh, what is being done here? This 0:15:49.480 --> 0:15:52.800 is a revolution with money and and that's that's what 0:15:52.840 --> 0:15:55.360 it says. Here. We'll help creators on the app to 0:15:55.480 --> 0:15:59.080 earn more money. It's the payments. The payments are the problem. 0:15:59.320 --> 0:16:02.200 The payments are the problem in the world. So the dollar, 0:16:02.320 --> 0:16:05.920 the money system is concentrated by the Central Bank, by 0:16:05.920 --> 0:16:08.760 the Federal Reserve. They control the money supply. Remember back 0:16:08.800 --> 0:16:12.120 to my lesson talking about the market cap. Well, they 0:16:12.120 --> 0:16:14.200 can just print his many dollars they want whatever, and 0:16:14.200 --> 0:16:17.040 that steals the value from my dollars. And so that's 0:16:17.040 --> 0:16:19.560 a problem. But also the censorship of my money. So 0:16:19.640 --> 0:16:23.240 for example, PayPal teamed up with the Anti Defamation League 0:16:23.240 --> 0:16:25.520 and they made a list of all these people that 0:16:25.560 --> 0:16:28.040 shouldn't be allowed to get payments. No, these are bad people. 0:16:28.080 --> 0:16:30.280 These are bad people. Uh they're right wing, their left 0:16:30.320 --> 0:16:34.040 wing whatever. Let's block payments to them like only fans. Uh, 0:16:34.120 --> 0:16:35.800 you know reported they were gonna lose like eight percent 0:16:35.840 --> 0:16:38.520 of their business. They were gonna stop doing uh you know, 0:16:38.680 --> 0:16:41.200 adult material. We'll call it that. Um and I'm not 0:16:41.200 --> 0:16:42.640 here to say that was good or bad. But the 0:16:42.680 --> 0:16:45.480 point is is that who is anybody else to determine 0:16:45.480 --> 0:16:48.120 who can and can't get money? Right? And so really 0:16:48.160 --> 0:16:50.960 it's the payments, it's not the networks themselves. If we 0:16:51.000 --> 0:16:53.360 can fix the payments, I think everything else will fix itself. 0:16:53.360 --> 0:16:56.720 And that's exactly what they're attacking, right, That's exactly said 0:16:57.240 --> 0:17:00.000 creators on the app to earn money. So as a creator, 0:17:00.080 --> 0:17:02.200 I'm a content creator. I'm creating content talking to you 0:17:02.280 --> 0:17:06.400 right now, and so, um, how do I get paid? Well, 0:17:06.440 --> 0:17:10.960 imagine if my followers, my fans, my subscribers could pay 0:17:11.000 --> 0:17:14.040 me directly for the content I provided, for the value 0:17:14.080 --> 0:17:17.200 that is provided to me. Right in the world, we 0:17:17.280 --> 0:17:21.200 get paid for the value we provide. So imagine if 0:17:21.280 --> 0:17:24.680 I was working so hard to provide value to my 0:17:24.960 --> 0:17:28.800 followers that they felt so inclined to send me money, 0:17:28.880 --> 0:17:30.720 to tip me money, and they do. I mean I 0:17:30.760 --> 0:17:33.440 do it on YouTube. I do like a power of 0:17:33.480 --> 0:17:35.800 Power chat or whatever, and people can tip me money. Um, 0:17:35.840 --> 0:17:39.240 And so I work hard to provide them value and 0:17:39.280 --> 0:17:42.040 they pay me back directly and then I don't need intermediaries. 0:17:42.080 --> 0:17:44.480 I don't need people in the middle that is going 0:17:44.520 --> 0:17:45.920 to change the world. And the way it changes the 0:17:45.920 --> 0:17:48.320 world is now, I'm focused on trying to provide as 0:17:48.400 --> 0:17:50.640 much value as I can to you, and you can 0:17:50.720 --> 0:17:53.800 bring that value back to me, and that's what Twitter 0:17:53.880 --> 0:17:56.520 is doing. But there's actually another strategy. You know, if 0:17:56.520 --> 0:17:58.800 you use these Twitter and Instagram and Facebook, you know 0:17:58.880 --> 0:18:03.760 the spam and impersonal accounts are out of control and 0:18:03.840 --> 0:18:06.159 they are going to fix that. I'm gonna explain that 0:18:06.160 --> 0:18:07.720 to you when I get back. You're listening to the 0:18:07.720 --> 0:18:10.440 Mark Moa Show. We're talking about bitcoin and cryptocurrencies and 0:18:10.440 --> 0:18:14.120 the decentralized revolution. I'll be right back. All right, welcome back. 0:18:14.160 --> 0:18:16.120 You are listening to the Mark ma Show and we're 0:18:16.160 --> 0:18:21.000 talking about bitcoin. We're talking about cryptocurrencies, we're talking about 0:18:21.800 --> 0:18:25.840 decentralized revolution. And before the break, I was talking about 0:18:25.880 --> 0:18:29.639 how Twitter announced that they are assembling the team and 0:18:29.680 --> 0:18:32.800 they're launching an entire new crypto initiative and they said 0:18:32.800 --> 0:18:34.760 that they want to they're looking for ways to help 0:18:34.760 --> 0:18:38.119 creators earn on the app. But what's really cool about 0:18:38.119 --> 0:18:39.840 this and I was kind of talking about, you know, 0:18:39.920 --> 0:18:42.120 how much of a revolution that's going to be when 0:18:42.200 --> 0:18:44.359 creators can get paid directly from the people that benefit 0:18:44.400 --> 0:18:48.120 from their content. Um. But um, you may not notice, 0:18:48.160 --> 0:18:51.280 but if you use Twitter or Facebook or YouTube, you'd 0:18:51.320 --> 0:18:53.760 probably have noticed by now that the amount of spam 0:18:53.840 --> 0:18:56.760 on there is out of control. Now, me being a 0:18:56.800 --> 0:19:00.440 content creator, I probably have dozens, at least douzens of 0:19:00.480 --> 0:19:03.920 impersonator accounts every day. Um. And so there they copy 0:19:04.000 --> 0:19:07.320 my entire Twitter profile, my entire Instagram profile, my my 0:19:07.480 --> 0:19:10.280 YouTube profile, and they use my picture, they have my content, 0:19:10.280 --> 0:19:13.280 and then they start direct messaging people. By the way, 0:19:13.840 --> 0:19:16.080