A Conversation with Justin Rezvani of Zion - podcast episode cover

A Conversation with Justin Rezvani of Zion

Mar 06, 202337 min
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Episode description

Mark is in Jackson Hole Wyoming for Bitcoin Ski Week rubbing elbows and hot toddy's with with movers and shakers in the crypto world and today he's got a treat - he's chatting with Justin Rezvani of Zion, listen in.

See omnystudio.com/listener for privacy information.

Transcript

Speaker 1

Hello, and welcome to another episode of the Markmas Show, where we talk about the decentralized revolution each and every week, talking about the way the world is changing, and of course we look at it through the lens of politics and finance and technology. And of course that technology we talk about is the Bitcoin decentralized network. We talk about that each and every week because it's technology that changes

the way the world work. It changes the way that we organize, we communicate, and so I like to bring to you, you know, some of the latest breaking news of education to help you think about things differently, learn to see the world differently, and of course some interesting guests so you can hear from some people other than me all the time. And so I'm coming to you from Jackson Whole, Wyoming, where I am in town a place that I've been dreaming of coming for a long

time because of the snow. And here I am, and we are here for a Bitcoin ski Week. Is the first of it's kind of two hundred and fifty approximately of the sort of I don't know, industry leading people that are kind of moved and shaking the bitcoin space. And we're talking about all types of good ideas and I managed to grab somebody to come sit on the radio with me, and that is Justin Resvanni. He is the founder of Zion app. And so Justin, thanks for

taking the time talking to me today. Thank yeah, man. I love getting together and hanging out. We've had amazing talks. The last couple of days, Justin and I got some amazing powder runs. Yeah, it's great. Snow, great snow. Oh man. The the benefit of doing like meetings like this and like a cool place like this, Like we got to hang out, we gotta do cool things, and then we get a snowboard. It's cool. It's cool doing life this way.

It's like we have work to do, very deep work, but then you can kind of expand the horizons play a little bit. Like I think as humans, we're here to have fun at the end of the day, Like imagine, like sometimes we take things too seriously and it's nice to just lay back and like, look, let's go ski and then talk about work at the same time. Well, I know, you know, this is kind of a different

than what I want to jump into. I want to talk about how decentralized networks and there's been several that have popped up lately, including zions. So I want to talk about that, but before we get into that, just for everybody listening, we're gonna talk about that and how decentralized networks will help us beat censorship and change censorship and communication and change the world. We'll talk about that, but before we get into that, just to the point

you said. Something I've been pounding on the table on is that today we have like all these people that are victims. I can't get ahead because the government, and I can't get ahead because of inflation. But it's like, we are not victims and we can build the life that we want. Sure, And you're certainly someone who's done that, right, I mean I think so. And I think it's very possible to do whatever you want. I think on this planet.

I mean, you can really push your boundaries and if you work hard enough and if you apply yourself in this weird way, you can almost get anything done that you want. You just have to expand your horizons. I think. I think people just don't expand their horizons. Yeah, So again, this is not what I want to talk about, but I do want to talk about this for a second. It's impromptu here, so people have these fears or they feel this and this this oppression that they think is

holding them back. Like, UM work a cubical job and I make forty thousand dollars a year and I'm stuck here and I get two weeks of vacation a year, and I'm too broke to go to Jackson Hole. So woe's me? I'm this victim. What's wrong with that viewpoint? And how could they maybe do something about that? I think that victim mentality doesn't push you forward in any way.

I don't know a single person that has a net worth of over one hundred million dollars that complains about their victim even millions, Like like like let's say I don't. I don't know. I throughout a higher number there. But like I, no one that's made it has ever played that card. They've never done it. They just they just

pushed through and they persevere. So I think we're living in an age where information and content is one of the most valuable things that's available on the Internet, and you can figure out anything that you want if you just apply your mind to it. And I'll give a real example here. I did not know about bitcoin two and a half years ago. I owned it, but I had no idea the concept, And within eighteen months I'm

at these events. I'm running one of the largest lightning companies in the world, and it's just because of my extreme pressure to understand and be knowledgeable in the space. And now today we're gonna talk about decentralized networks and all that stuff. And I just think that we have this knowledge available to us. We have YouTube, we have

amazing people like you making content on the internet. You can learn a ton of stuff and you can synthesize that knowledge and provide value to someone else and create financial freedom for yourself. Like knowledge is not gapped anymore, Like you don't have to have a university degree to be smart about things. You can get out of that job if you choose to. But I think it's a function of laziness, Like we are a society that's fat

and lazy because we're comfortable. We've gotten too comfortable. And I think that, you know, the most successful people that I know constantly put themselves in comfortable situations to progress forward, because once life hits you in the face, you've already been prepared for it. Right. I go to the gym every day and destroy my body or go jump on this mound and do double black diamonds. Not because I necessarily enjoyed. Yes, I do, but I want to be uncomfortable.

When I did iron Man full time, I had no reason to do an iron Man right other than the fact that I want to push myself forward to do something very hard. I think everyone needs to apply that in their life and you'll get better. Yeah, something that I've been thinking about a channel I might have sent you to it. I've sent a bunch of people to it.

It's called Academy of Ideas on YouTube, and it's like a philosophy channel, and kind of like what we were talking about last night, how I always approach everything humbly because if I can learn one thing, and sometimes it's the same thing I've already heard, but it just hits me different. And he had this episode where he said that we should try to increase our power. And he said not power as in like power and control over people,

but power over ourselves. And so we should always be trying to increase our skill level, right, And he said that, he said, what we want is a formidable opponent. So I know you'd like to play pickaball for example, right, you don't want to play with someone who's a beginner, I can't hit the ball back. You want to play someone who's at least as good as you, but probably someone better than you because they make you better. So you want a formidable opponent. And so if you're going

to go to the gym, you don't want lightweights. You need heavier weights. You need a formidable opponent. And so what I got from this, as I it's been a couple weeks I've been thinking about this, is that in life we need a formidable opponent. We need the pressure to push back on us to make us go forward. And so the paradigm shift that I got from that piece of content was that rather than looking at adversity and hardships as something negative, I can't believe I have

to deal with this. I can't believe things are so hard. Why does it have to be like that? Instead, it's a formidable opponent. Thank you that I have this opportunity to push that heavyweight. Thank you that I have the opportunity to play a pickaball person. Thank you that I have this struggle, this problem that I have to figure out how to get over, because it's going to make me a better person, and without it, I'm only going to become a worse person. And I think that's about people.

People are so afraid of pushing these boundaries for themselves because inherently, our mind is always trying to keep us safe, right, That's what the mind is designed to do, and comfort. Comfort. It's designed for comfort because the mind was built in a society that didn't have hotel rooms and heaters and air conditioners and food at abundance. That's the way the mind was originally engineered. But now that we live in

a state of abundance, we have to seek discomfort. We have to go out of our way and seek discomfort in our lives. That's why we go to the gym, that's why we climb out, that's why we go into an ice bath, that's why we progress and all these things because you need to challenge the mind. The mind is not challenged enough, I believe. Yeah, that's the thing is and I think that's the concept, is that in order to excel, we must seek discomfort. So that was

our little ran too. It's not where we want to go, but it just kind of came in prompt you. But I do want to bring something up because I put this on my end Intagram yesterday, my story. If you're not following on Instagram, you should just at one Mark Moss check it out. What's yours? Justin? Justin Resvanni, Justin Revanni,

So check us out on Instagram. But I put this on my story yesterday and it was a screen shot that someone else I saw on Twitter, and it says, if you make forty thousand per year and you spend eighty five percent and you invest fifteen percent in index fund that averages ten percent of return, after forty years, you're going to have three million dollars. And I said, this is the wrong way to think. I said, why spend the next forty years of your life making forty

thousand a year? Like, really, I'm going to work in a cubicle for forty years making forty grand, saving fifteen percent. Why not invest in yourself? Why not learn high value skills to learn how to make more money? It's never been easier. If you're just tuning in, you're listening to the Mark Mos show, we talk about the decentralized Revolution,

and I'm in the studio with Justin and Resvonni. We're gonna talk about decentralized networks and three that are popped up, including Zion in some other ones that Jack Dorsey just launched. We're gonna be back in a minute. I take a quick break. We're gonna talk more about that and show you how you can use these in what they are. So don't go away. We're gonna be right back in a second. All right, welcome back. If you just tune in,

you are listening to the Mark Moss Show. Of course, we talked about the decentralized revolutions here every week, and I am coming to you from Jackson Hole, Wyoming. I'm in studio with Justin Rezvani, the founder of Zion app just launched version two, just launched about two weeks ago. You should check it out. I'm building the community there. You can be on my community there. Tony Robbins is tweeting about it. I mean, come on, this is gonna

be really big. But anyway, I'm gonna just finish off what we were talking about before and we'll get into the decentralized networks. There's three that you should have on you on your radar, and so anyway, but back to this just for one second so I'd said before the break this tweet that I saw, you know, if you're making forty grand a year, and I'm just like, how how ridiculous that? And you made the case. You said

something if you have the motivation. And one of my favorite personal development gurus who I for a long time, this guy Brian Tracy, who wrote a book called The Psychology of Sales and talked about how if you want to be a great salesperson in this book, he said, you know, you can go learn all the information you need is out there, he said, But if you have

no motivation, I'm sorry, there's no hope for you. And me and my wife we still laugh about that line today ten years later or twelve years later, But that's the truth. If you have motivation, you can learn anything. You can improve your life, you can increase your skills, you can make more money. The very fact that other people can do it means that you should able to do it too, if you have the motivation for it. Right, absolutely, and I think you need enough motivation to leave right.

I think what's happening in society also is that we're in this comfort base layer. And this happens in relationships. This happens in jobs where that the benefit of leaving still hasn't counteracted to you. You You haven't realized that, Like, man, if I leave, then go try something else. I don't have enough motivation to do that. And sometimes people just need to be pushed a little bit more to say, you know what, this job is not fulfilling for me.

Let me go try something else. This relationship isn't perfect, let me try something else. So you need that motivation just to push you there to go to that next layer and say, you know what, I'm going to take a risk and go out. Yeah. Do you do ice baths every day? Every day? So that's a that's a

big thing that's been getting popular. I mean, so a story about ice bats is in twenty fourteen, I went and bought a chess freezer and I filled it up with water and I wired it in a way that would be turned off only one hour of the day I could unplug it. So this was before ice baths

were cool. I would wake up every morning at six am, no matter the temperature, and I jump in that thing to three to five minutes, and I like it was a thing for me, not because I needed the motivation to get into an ice bath was because it was my mental state that so no matter what, at seven in the morning, I'm gonna go in this thing, even though I don't want to and I'm uncomfortable, but to train the mind the reason why you need to go in the ice bath because you don't want to exactly,

it's I don't, I don't. Just for disclaimer, I don't do the ice bath. I love it. I mean I love it. I mean on my Instagram you'll see like I put people in ice bats that have never been in there. There's videos with a bunch of my friends have millions of views because they're like, this is the first time they were in this. It was actually just a chess freezer, like this was before it was cool.

And I was doing that since twenty fourteen. So yeah, I know Tony Robbins, who again has been tweeting about Zion app check it out Tony Robbins tweet Twitter or Zion. But anyway, he I had seen him say he you know, he has whatever fifteen houses around the world and he has an ice bath every single one, and he said something like, there's never been one single day that I

haven't tried to talk myself out of it. Of course, never once your mind is saying, like, because there's no reason for you to do this, because the mind is saying this is uncomfortable. I don't want to do this. But that's where greatness has created in the uncomfortable moments. I'll never forget my first full distance iron Man. It's

mile eighteen. Imagine, I've been up for ten hours racing and I don't want to finish these last six miles, But those six miles will change the rest of my life because it's the most uncomfortable thing to do when you've been running, biking, swimming for ten hours and you have to go for another two hours to finish, Like, what am I doing here? What am I? And that's when you train the mind to tell you who's in charge, because the mind takes over and thinks that it's in charge,

but it's not. You are. Your consciousness is what decide you're gonna do tomorrow. You're gonna jump at that ice bath, You're gonna change your job, You're gonna leave that bad relationship. Are you gonna progress your life forward? Because you have one chance at this? Yeah? Yeah, So that the big takeaway is that you have to do things that make you uncomfortable. You have to seek discomfort, You have to

seek discomfort. And now we all seek comfort and we want comfort and like, hey, you live a pretty comfortable damn life, right, and so do I. But we do things to take us out of that comfort zone from time to time. So I ride my dirt bike for eight days across the Mexican desert and full of danger, right, Or I spend two days in the back country on a motorcycle on a snowmobile bike, right, um, danger avalanches or you could break down, you could die, right, And

it's like those things to like make us be alive. Right. And also what it does, lets will transition this right. And also what it does is then in back to kind of making money forty times and all your job, it gives you the power to try and comfortable things in business. And so let's talk about that for a minute. So you previously had a social media company. We had

an influencer marketing business and influencer marketing platform business. Yeah, and so it was kind of built on technology and social media a little bit and marketing influencer and ended good with that. And then you had this idea to create this decentralized network, which is much harder because it's not essentially controlled thing now it's kind of depending on decentralized creators building that. That sounds pretty hard. Yeah, it's

a very hard problem. It's a very difficult problem. But I think my thing when I thought about this was I kind of semi retired after I sold my last business. I was like, you know, I have enough money to like basically be fine for the rest of my life. I'm not going to work anymore. But when I got like, I had this brain thing, and I talked about that in some other podcasts, and I was like, I got to try a really hard problem, Like I want to

solve something very difficult. So I went and found one of the hardest things I could solve, because there's already some guy trying to go to Mars. Someone else is building electric cars, Like, let me try to solve this problem. Speaking about that off topic, but Elon Musk has had like four or five billion dollar companies in the last five I think pomp just said this in every five years. For the past twenty years, he's built a billion dollar business.

No one's ever done that before, right, Like from PayPal to Tesla, to SpaceX, to the boring company solar City. I mean, he acquired solar City. But like those are the four that's gangster. The dude is gangster. Yeah, So

I want to talk about the decentralized network. So of course I talk about the decentralized revolution eation every week and how the world is breaking apart, how we've gone to the centralized world, a centralized world being a one of global cooperation and global governance, but also all of

our institutions have become centralized. And so as someone who's been on the Internet since the early days, it started very decentralized, but then it became very centralize where everything basically got controlled by Google and Facebook, etc. And now we've seen the problems that come from that, right, so now we've seen them misuse our data and censor us and all those types of things. And I talk about

the decentralized revolution, how the world is breaking apart. So no more global homogeny, no more global US dollar reserve system, but even our infrastructure we use, our messaging platforms and stuff is starting to get decentralized. I mean, is that sort of the revolution that you see within that space? Absolutely and I think we need to think about decentralization in three aspects. First is how do you decentralize your

authorization or identity online? The next thing is how do you think about decent decentralizing how messages are pushed out to many people? And the final pieces, how do you decentralize the money. Because these are the three elements that are required to truly build a network. You can't just have one of the pieces. You You can't just have decentralized identity without decentralized payments. You also can't have decentralized messaging without an identity on top of that service. And

then you can't have data storage. So you have to think about these problems I think in three prongs. Okay, now those are not the problems, those are the solutions to problems. I want to find out why should anybody care? So, like, we have good messaging apps or payment apps, all those things that you said, and we have those. Those are centralized solutions. So we obviously have Facebook, and we obviously have Twitter, and we obviously have cash app et cetera.

So I want to I want to talk more about the inherent problems with those and then how decentralized apps like Zion, like blue Sky could help solve that. So I want to come back to that in a second. If you're just tune in, you're listening to the Mark Moss Show. I'm sitting down with Justin Risvani. We are live in Wyoming, Jackson, Hawyoming at the Bitcoin ski Week conference. We're not gonna come back. We're gonna talk about, like I said, the problems from these centralized networks and how

there are solutions to those. We'll be back in a minute. Don't go away, We're gonna be right back in a second. All right, welcome back. If you just tune in, you are listening to the Mark Moss Show talking about the decentralized revolution. Like each and every week, I'm sitting down with Justin Rosvani. We are coming to you from Jackson Whole, Wyoming, in between some powder runs and some meetings and things

like that. It's been an amazing week. But we're talking about decentralized networks, and so you were talking about the problems. What you're talking about the problems and solving the problem. Sure, so let's talk about the actual problems we're trying to solve. So you mentioned messaging, you mentioned payments, and you mentioned ID. Yeah,

which one should we start with? Ident I think identity is a good one to start because imagine we have one point five billion people in the world that use a centralized Gmail account to log into everything on the internet. It probably use it to log into their bank account. Is the user name of their bank accounts probably a Gmail address. They called that like an sso I think, right, single single sign on, So you can log into most a lot of websites with either a Google or Facebook ID. Right.

But but I think the inherent problem with that is like Google owns that ID, not you, and they everything revolving around how the ID is managed is done in a centralized way by Google, which means that everything you log into with that address, they own the data too. They know the websites, they know how it was authorized, they know where it is. And this is the inherent

power of the data that Google has. So I believe that there's an opportunity to actually decentralize the identity and like own it for the first time on the web. But let's before we talk about the solution to that problem. The problem is then if Google, if I say something mean online, they don't, like they could shut off my account and then all those websites that I had access to with my Google Google account has now gone Yeah. Like like, what was really interesting I think yesterday was

Slack ban libs of TikTok's Slack account. Wow, they're like they're like Seth Seth, the founder of the Babylon Be tweeted this out. It's like, well, so this this messaging service can ban companies from using their technology. I get that it's fine, but that's like where we're at now, right, Like a Twitter account that basically just share stuff, like they don't produce any content, they just reshare stuff is banned from Slack. So the thing that they were using

to conduct to conduct business, they're now banned off of. Yeah, so that's the that's the inherent problem with centralized networks. The one thing I'd like to keep in mind is that while some of what you see is like extreme cases, at some point it may not be so extreme. The world is more polarized than ever before. So like, no matter which side of an argument you're on, there's someone on the other side. Absolutely your pro life, someone's pro choice.

You're a Republican someone's democrat, you're like liberal, someone's conservative, Like someone's always gonna be on the side. And so a lot of times you have to think about like, even though you may think, oh that's good, I'm glad they shut down, there's a tiptok well they're probably coming for you next. Yeah, right, and that's the problem. Okay, So so then the ID and then so if someone

could shut my ID off, they can deperson me. Yeah, basically you can no longer log into all those services that you were trying to log into, because what happens when you hit that forgot password button? Where does it go? Your email? Where's who? O's that email? They do exactly all of these roads, interestingly, lead to this one service for one point five billion people around the world. And then let's talk about the payments piece. So then the payments piece is, well, we can move money around. I

can send you money, you know you can. You can have a credit card processing account because my credit card, or I could use a PayPal But now we see like PayPal is taking twenty five hundred dollars out of people's accounts if they say something mean online. Yeah, they've worked with the Anti Defamation League to create a blacklist of all these accounts that should be banned for making payments. So, um, if you know, if only fans I believe had their

credit card account turned off or something like that. Right, So it's like, um, back to the same censorship problem. If I'm doing something they whoever they are, don't like, they take away my ability to transact sure and the ability to move value across the web. And remember some of these companies, like you mentioned only fans the payment

from the creator or the fan to the creator. Even on a Patreon for example, there's like six companies knees in between that transaction because there's like the credit card company, the credit card processor different than the credit card by the way, the website that hosts each of those companies, because the processor needs a server to run on. Then the credit card, and then the bank. The bank, like all of these things are arbiters and kind of centralized

authorities that take a little piece along the way. They all take a fee, and they all could censor you one hundred percent of one decides that we don't only want to do this is and I don't think people will realize how centralized the money system really is. Like we run on visa rails or MasterCard rails or swift rails, like, we use all these systems, and they're highly complex and

highly centralized. And the point that I always like to make, and you've probably heard me say it a bunch of times, is that without the freedom to transact, there is no freedom. That's it. Yeah. So even though in America we're guaranteed freedoms through the Constitution, like freedom of assembly, your freedom of speech, if I can't put gas in my truck to drive to the assembly, I can't assemble, right, Um, If I can't, if I can't pay for a computer or phone to go on social media, I have no speech.

And so it all freedoms come from the ability to transact, and so that that's like the most important one. And then so you said I d you said, uh, payments, and then you said messaging, messaging and data storage. I would I would put them together because it's effectively how is this message moved across devices on the web and

then more particularly, where is it stored when that happens? Okay, So then messaging, So again back to you know, accounts being banned on Twitter, right, Facebook shutting down accounts when when Um, there's two topics that I can't talk about on YouTube that I just try and stay super clear away from. And one was the elections, and the second was the pandemic and the medicine and all that which I can't even use that real word um, And so

I wouldn't stay say those things. When when they first started cracking down on the whole election thing, eight thousand accounts on YouTube were shut down within a week. So that's the messaging. So again, when you don't own your messaging, you're on somebody else's platform, then they have the ability to censor what you say. And these are we have to remember that all of these systems are just waled gardens, right like Twitter is a waled garden, Facebook is a

walled garden. YouTube and Google are all the war garden. They're all separately, and they can all separately decide do the messages are they even allowed to be sent within their own private networks? Even in the dms. Everything I've had dms get rejected where I can't send a link

or I can't send whatever even in a DM. I mean, something that's interesting to me is like we've gone to a place where hundreds of millions, Like there's a guy, the guy we just talked about, can basically go look at every DM we've ever sent to somebody else, and that, to me, that's gangster. That's crazy. Like he can look at him bad for potentially good for him, bad for everybody else. And everyone says, oh no, you can read everything.

This is not nothing's encrypted and their data. Like I think what people forget about these systems is like the language of my Instagram, my Twitter, my Facebook, my YouTube, it's actually not your anything. It's your log in that they can do whatever they want with and you pray

that they get your stuff out. Yeah, and even when you're using privacy apps like Signal or Telegram, it's still going through their server, which whatever they good guy double pinky swear promise not to do anything with it, but it's they're going through their server. Okay, so let's talk about So those are the problems. Now, I'll let you kind of think about how those problems could maybe apply

to your life at some point. Remember, I think adversarial, like, there's always gonna be some on of the other side of equations. So let's talk about some of the solutions to those problems. So should we start back at the top, which is I D sure? I mean, I think that one of the potential things that we're working on is this concept of a D I D right. So it's a decentralized identifier that you own through this set of

a private key. Like for example, if you go to a Zion dot fyi and you create an account on Zion, which you should do, which you should do. We're not creating an account on a database for you. What we're doing is we're assigning you twelve words. This is your private key, encrypted by these twelve words, and then we assign you a DID A did. Is this decentralized identifier that you own? Then we take that ID. Why is it decentralized because it's not sitting on a server that's

owned by Zion. It's actually held on the bitcoin block chain. So it's not holding like Facebook server or Twitter servers. Yeah, exactly, It's held on the Bitcoin block change and nobody controls or has access or exactly. So now now the Registar, the database that holds the identity, is the most secure immutable thing ever created. And now if we have this interoperable ID, that's where we see the big opportunities, This interoperable idea that can long into many applications because it's

not another world garden. Yeah, this is exciting. This is where we get into really exciting stuff thinking about the future because we have a new set of building blocks to build new things. We're gonna talk more about that in a minute. If you're just tune in, you're listening to the Mark Moss Show talking with Justin Risvoni, the founder of Zion dot fyi. You should check it out. We're gonna come back in a minute and talk to you more about these decentralized networks, a couple of them

out there, how you can use them. So don't go away, we'll be right back with more. All right, welcome back. If you're just tune in, you are listening to the Mark Moss Show, and I'm sitting down with Justin Risvoni, the founder of Zion. You can check them out at Zion dot fyi. And we're coming to you from Jackson Whole, Wyoming beautiful Jackson Hole and taking just a long enough break to take a break from the snow to come

talk to you for a second. But we're talking about we've we've been framing up some of the problems and we're talking about some of the solutions. If you've missed any of this, check it out on the podcast just search the Mark Moss Show in any of your favorite podcast players, or on the Market Disruptors YouTube channel. Now back to so the d ID. It allows me to control my ID. So instead of signing in with Google or Facebook where they could shut me off, now I

control it and nobody can shut it down. And most importantly, you can log into many things because of this, Once applications realize like I don't have to build my own authorization server and I can use this open one, it actually makes it easier for developers to now use this

inherent an ID. You have one log into many applications. Right, That's the beauty of this idea of decentralized identification, and just not I don't want to spend a lot of time here, but just to think about the future implications of this. Talking with Daniel, one of one of the developers of this, you know, he was talking about I think, like, you know, he gave me the analogy of like if I had to change my mailing address and I have to notify however, many hundreds of people, and like still

mail goes to the wrong place. But imagine if every time someone to send me something a Christmas card or a package, they would just ping my did and it would tell them where to send it exactly. That's that's why this interoperable identifier that's on the web is really exciting. And by the way, this is not something we've made up a few months ago. There's a there's a there's a group called the W three C, the Worldwide Consortium. This is this is who sets all the standards for

the Internet. That's what made the Internet. Basically. They added in July that the new way to identify a user on the Internet is through a d I D. So this is not something that like Zion has made up or it's it's actually now become this interoperable standard for the web as important as email. And I think this is going to be something really really big that we're going to see in the next couple of years that

everyone is using. Yeah, I think it's amazing. I think, like I said, the way that I think about technology and try to extrapolate where it goes in the future is that we have a new set of building blocks. So if I handed you a deck of cards, you could build me like a TP or like a little house of cards. Right if I gave you a set of legos, you build something different. So like steel was

one of the technological revolutions. It was the third technological revolution, and it allowed us to build all our buildings and bridges. That was cool. We didn't know that we'd have space shuttles one day. But with that new set of building blocks, we were able to build new things. And the Bitcoin, the bitcoin blockchain, like the first killer application, is obviously money, but it's given us a new set of building blocks that allows us to build new things that we don't know.

And one is like a decentralized ID for example. Of course, now let's talk about some of these decentralized networks. So Jack Dorsey, the founder of Twitter, he left Twitter and he said that he wants to focus the rest of his life on bitcoin. He's launched a new version, a decentralized version of Twitter, which he started working on when he was still at Twitter, and it's called Blue Sky. It's in beta. I don't have access to it right now.

It's like a new version of Twitter. But there's there's a lot of social media is a very generic term, and so there's different types of social media network. So Twitter, for example, I can make a post, people can comment on it. Facebook, you know, has more like the same but also as like groups. YouTube obviously is just kind

of videos, right, So there's different types. So you have Jack Dorsey's this new Blue Sky, you have Nostre, which is now kind of like this decentralized Twitter almost as well. And then Zion is in sort of like a different category where it's more about like communities, where like I'm building the Mark Moss community by the way, so check it out. Download Zion dot fi and I'm gonna be

building my community there. But I can actually have a community similar to like Facebook groups or something, and Telegram, yes, and Telegram, so sort of like a Telegram where I could create a group and then we could join it everyone could talk within this. Sure, sure like building a community. And what's cool about that is you own that relationship through that idea that we talked about earlier. Yeah, or the way that I like to look at it is

actually like a decentralized only fans. Yeah, so like only fans obviously, I'm sure your first thought of that is like porn or something, right, But really it was a way for creators to create content directly for their community and get paid for it. So I can have a group, a Facebook group, a community there, but I have no way to really get paid. The people in my community have no way to pay me. So Only Fans was kind of this way where I could create my own

sort of like a Patreon. I can create a community and if people like what I provide, they can pay me sure, And so only Fans is actually pretty cool, but the problem has been kind of taken over by porn, which, interesting enough, porn is the first use case of all new technology. So when the VCR first came out, it was only being used for porn. And the first thing that made the vcrgo mainstream was Disney finally made a

movie on it. But Disney didn't want to do it because it was known as porne, so Disney was afraid, but they finally did and it made a mainstream and what was the first use case of internet porn as well. But it sort of has this stigma, But now you have an opportunity to kind of give like these creators a place to go to have sort of that same kind of flexibility and get paid directly for their value ultimately.

And I think the thing about Only Fans is because of their legacy way they use payments, they take twenty percent of the transaction and Zion takes zero. Like to give you context, if you're a creator that's earning one hundred thousand dollars a month on Only Fans and you move your audience over to Zion, you keep twenty percent of that revenue directly. And the reason we can do that, and this is a twenty percent is a lot of money.

The reason we can do that is because we're optimizing an advanced payment rail system that's beyond a credit card, beyond using bitcoin effectively. Yeah, so I think it's amazing for that. Like I said, that's why I want to be moving over there. The one thing I think about as a content creator is, um, you know, I'm creating content on YouTube and I'm creating content on Instagram or whatever. But at any given time they want, they could just

shut me down, and like that's my life. Yeah, Like that's my career, right, Like that's where I drive all my revenue from, right, and like if they shut that down, like they shut me off with a light switch, and that affects my family. That affects my kids, and that's a big deal for me, So like I need to be I can't like have my whole life in the hands of some low level administrator at some company that I don't even know, that makes arbitrary rules based off

of who knows what. In any given time, with a flick of a switch, they could shut me off and I have no recourse, no appeal process, no legal and they could literally shut me off and ruin my kids lives. The amount of power and control has been given to these centralized institutions is just incredible when you start to think about it. Yeah, and because they don't just own the relationship, they own the distribution, They own where the

content goes because you're going through their portal. And I think the vision of where we think a decentralized Internet should go is Zion is building the tools to say, imagine Instagram, but you can take all your followers with you. That's I think the biggest breakthrough of all this technology is that now the way you reference an individual isn't through essential system. Is you can have this breakthrough and take all your fans with you. To the next one. Yeah.

I think that's a big breakthrough. Like yeah, and then I love the fact so back kind of this only fan example, a clean version of only fans. Yeah, of course, I think, um, you know, the ability to pay directly and so, and then not only does it do messaging, not only that I got to control my identifier, but we can actually send communication. And when we consider money as communication, payment as a communication community communicating value, so

we can exchange messages and communication seamlessly. Yeah. And also at the hardest money ever created. I mean last night with James, you saw how fast those transactions move like it's it's it's when you see it, you're like holy, Like when you see these two applications that have no relationship with each other, that can fund each other. Like last night, we funded James's wallet with cash app on my cash app. Cash app is not an app that

Zion has a partnership with. We have no relationship, there's no API, and within half a second the moment I hit the button, it imediately funded the Lightning wallet on the Zion side. I think that's the incredible nature of how this money moves peer to peer at the speed of light. Yeah, only fans requires a thirty days settlement process.

We were we require thirty milliseconds. Wow, it's really hard to think about where this goes, but I'm super bullish on it because, as I said, without the freedom to transact, there is no freedom. So first, private property rights. Second communication, we have to be able to communicate freely, openly, truthfully, both with our messaging as well as our money, and so decentralized networks is bringing that back. Zion dot Fyi

check it out. Check out Jack Dorsey's new Blue Sky that's opening up is going to open up an amazing opportunity and change the world in my opinion. If you're just doing in you're listening to the Markmas Show. We've been talking about the decentralized revolution in studio with Justin Rezvani from Zion dot Fyi. Check them out. I'm building my community there, that's what I got. Thanks so much for listening today. Shoot me a message, let me know if you've heard the show, ask me any questions you

have until next time. Thank you, thank you,

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