AI is Learning to Lie

want to talk about today is the money. The money is changing really fast, and it's changing for many reasons. One technology is changing money, but it's also changing politically, and not just politically like inside the United States or whatever country you're in, but geopolitically because money communicates or communicates value, but it coordinates economies. And as I talk about the decentralized revolution, we swing on a pendulum from

centralization to decentralization. And so for the last two hundred and fifty years, the pendulum has been swinging to centralization and we're peaked out. This globalization has peaked out. As a matter of fact that the Globalist Agenda at their Median last week in Davos, one of the big topics they talked about is that globalization is over? How does the world work when globalization is over? More importantly, what they're saying is how can we save the world. How

could we save the world from climate change? French President and Manu Macrone got up and said that we have to have a one world government. If we don't, how can we coordinate and fix climate change? And so, you know, that's their viewpoint. But if it's ending, and they know this, and they said, you know, how does this work in an age deglobalization? And so as the world globalizes, then the way that we trade changes and the way that

we use money and the world changes. And so as the world has been trading freely, right, we have these just in time supply chains interlacing the world. You know, you haven't your average iPhone as parts from six different continents in it. But as the world continues to break apart, as we continue to have less and less trust with each other, how do we continue to trade? And more importantly, the dollar, the dollar is the reserve currency of the world,

is the homogeney. Everybody in the world uses and accepts dollars, and the dollar has become a payment network. If anything else, well, the dollars lots of things. But if anything else, the dollar is a payment network. I can move dollars anywhere in the world. Anybody in the world takes those dollars. All the banks, all the remittance companies, they all use dollars. But that's changing because the world is decentralizing. And so to understand that, you kind of have to go back

to what I call first principles. You got to go back to the beginning and ask yourself what is money? Now. My good friend Robert Breedlove has a podcast titled What Is Money because it's a big subject, and he digs into this subject each and every episode, and you can go on and on and on, and so, like I said, we can know what is money. Money communicates value. It tells to each other how much things are worth. We don't want the money, We want the good, but we

need that money to get that good. It's the medium of exchange. So money is a medium exchange, and it's also a store of value. So again, we don't want money. We want the things that money buys us. But we'll hold money until we want those things that we want, right, and so we'll store our wealth, we'll store our value in the money until such a time as where to deploy that money, and then it's a medium of exchange

to get what we want. So what you have to understand in order to understand where the world is going. I'm going to explain to what Russia is doing right now, what China's doing right now, how the dollar is losing value,

and what comes next. But in order to understand that, you have to understand this basic fact of what is money, and so money is those things and what happens is money is emergent, it's it evolves, right, And so throughout history we've used all types of things as money, and even today we use all types of things as money

because all it is is an exchange. And so we've had feathers and rocks and seashells, and of course gold emerged evolved as the best form of money because it had the best attributes, and the best attributes are must be portable. A house isn't a good meet of money because I can't move a house with me. It must be divisible. Cows were, you know, good for bartering, but if I don't want a whole cow, I can't really

divide the cow up. It must be fungible, meaning if I even know I did chop up a cow, one part of the cow is not equal to the other part of the cow, right something one part of steak is better than another part of steak. It must be durable, but bananas make a horrible form of money because bananas don't last that long. Portable, divisible, durable, It also must be salable and recognizable, so people have to take it.

If we have chucky cheese tokens, and let's let's just do chucky cheese tokens as money, but nobody takes chuck e cheese tokens, so it wouldn't work really well. And so those are the attributes that allowed gold to emerge, and also must be scarce. You can't just have an unlimited amount of them. You have to control there mus be scarcity, and so gold emerged as that best. But the problem is that gold failed, and it's important to understand this because the world is trying to go back

to gold right now. But if you don't understand how gold failed, then you won't understand why going back to gold again and the world where in today isn't going to work again. So you have to understand that fact. And so gold failed because the world changed. So the world became more and more globalized, and so when I'm

living a small village, gold worked really well. But as the world globalized, going into the thirteen and fourteen hundreds, fourteenth and fifteenth century, we started doing more global trade. And the problem is that gold isn't very portable, and so if one country wanted to pay another country in gold, how do they do that? They loaded onto a ship and sell it across the ocean and have to worry about pirates and storms and sunken ships and all these things.

If you know, I wanted to pay somebody in gold from California to New York, it's very slow, and you have to get someone to drive it, security, all these things, and so it's not super portable. And so there was a new piece of technology that was created. And that new technology was created about the fourteen hundreds in Florence, Italy, and it was called wait for it, wait for it,

wait for it. It was called a ledger. And the ledger would then allow somebody, a trusted third party whoever controlled that ledger, to keep track of who had the gold. And so instead of actually having the gold, because gold is very hard and heavy to move around. Somebody would just say Mark has the gold, and then they would give it to you and say you have the gold, and that ledger was created. This allowed money to move really fast by putting debt on it. So I would

give my gold to this trusted third party. They would give me back a paper claim, and iou that would allow me whenever I wanted to go back and claim that gold, like a pawn shop or here I'm in Canada. I gave my jacket. We don't wear jackets really in California, but in here it's cold. I to wear a jacket, so I go to the restaurant and they take my coat from me and they give me a claim ticket. When I come back, I give my claim ticket to give my cote back. And so that's how it works.

I'd give them my gold, they'd keep track of who had the gold. But the problem is is what that did is its centralized gold, and all the gold ended up going into these banks. And in the early nineteen hundreds in the United States, all the gold was sitting in the banks and wear these dollars or paper gold certificates or claims IOUs and what happened is the government started printing way more of these paper claims than they

actually had gold. And by nineteen thirty three, the government owed so much gold, but they didn't have it because they printed all these fake claims. They told all these guys they had jackets when they didn't really have the jackets. They told those people they had gold when they didn't have the gold, and so they were in a bad situation.

So nineteen thirty three, Executive Order sixty one h two, the President declared all gold illegal to be owned by people, and all the gold that was in the bank, they seized it, they confiscated it. Okay, that's why it failed because gold is not portable. And now, fast forwarding to today, money as we know it, or dollars or the financial system is now becoming a weapon. And as a matter

of fact, it has always been a weapon. Governments have used money as a weapon for as long as as we know, whether that be using it too funded army to fight as a weapon or to steal arbitrarily from its people. And so the government can only tax people so much before people freak out. And so the way they tax you without you knowing it or without you objecting or getting mad is they do it through inflation, and as they print that money, they're basically stealing from you.

So it's been a weapon against us as the people. Governments use it to steal wealth from the people Zimbabwe, Venezuela, Turkey, on and on and on. It's gotten worse than it has gotten bigger than that, and it's been used not

just on its own people but to other nations. And so we can see where this really picked up steam in twenty fourteen when the United States and the intelligence community organized a coup in Ukraine and they overthrew the democratically elected governments of Ukraine to install their own government there. Of course, Russia didn't like that. They moved in to take over a part of Ukraine and so started the war in twenty fourteen, where then the United States weaponized

the financial system and applied sanctions to Russia. So when the US powers do that, they weaponize it. All right, I'm gonna be back with more. If you're just tuning in you're listening to the Mark Moss Show, we're talking about the decentralized Revolution, and I'm talking about the way that Russia and China and the bricks, nations are changing, the money, the dollars dying, and what's coming next. And I'm explaining to you from the ground up, so you can see clearly I got a whole lot to cover.

This is gonna be super fun, exciting and informative. So don't go away. I'll be right back with more in a minute. All right, welcome back. If you're just tune in, you're listening to the Mark Moss Show. We're talking about, of course, the decentralized Revolution, talking about the way that the world is decentralizing, the money is decentralizing, the dollar is losing its place in the world, and what comes next.

And so in order to understand what comes next, you have to understand what's happened in the past and the problems that we had. And so I explained the problems with gold, the centralization aspect of it. But now I'm talking about how the money is being used as a weapon. And so we saw again the governments the United States started weaponizing the dollar and more specifically the dollar network, the Swift system, the FX systems against Russia in twenty fourteen,

and they continue to do that. As a matter of fact, if the government started to censor anybody they don't like, Oh, censor you, censor you. Oh I don't like this policy, censor you, censor you. And it's it's a way to impose you know, these sanctions are a way to impose your will or basically steal arbitrarily from these governments. In twenty eighteen, there was an article written on CNBC by someone named Left and he said quote that the US was waging war on one tenth of the world. The

US was waging war, and they're waging war economically. Now you may have heard these stats, but about over two billion adults in the world. Now there's about one eight billion people in the world, So two billion adults in the world have no access to banking. And the main reason why is because they're not allowed to They're not allowed to have access because the US dollar system is permission do you have to have permission in order to

use it, and so these they're not allowed to use it. So, for example, let's say that you're in Iran, you're a fifteen year old kid, you're super pro freedom, you're not happy with your government, and you're trying to make a better life for yourself, and so you start an Instagram account and you want to you know, sell e commerce or something. Well, you're not allowed to join the financial

system because your country is sanctioned. And so about one tenth of the world is sanctioned by by the United States or now today about one quarter one one out of every four people in the world today are under some form of US sanctions. I believe a week ago, a week or two ago, there was a big meeting held in Singapore and George Yao is the former Foreign Minister of Singapore. At the conference, he said, quote, if you weaponize the international financial system, alternatives will grow to

replace it. End quote. So if you weaponize the international finance system, alternators will go to replace it. Yes. Of course, if you kick people out of the financial system, then they can't use the dollar financial system. So what do they do Just go in a hole and die? Of course not. They just find another way to do financial transactions. They just find another way. If I'm having a party and I don't like some people at the party, I

kick you out. I kick you out. I kick you out to kick you out, and you guys all go form your own party. You all go somewhere else. One I have no more control over you. And two, you don't just go die, you go go somewhere else, you go create your own party. And that's exactly what happened. But really the world changed about a year ago February twenty twenty two, and the whole world was put on notice.

And of course I've been talking about this since then, but the world was really put on notice as it was escalating. As I said, from twenty fourteen twenty eighteen, you know, now to a quarter of the world's population. And you see, you know, Afghanistan had their central bank reserves stolen from the US. About eight billion dollars was taken. And I know, the Afghanistan they're bad people, right, blah

blah blah. But people, the people have their money in the bank and the bank puts it in the central bank. And so when the US took the central bank's money, sure, I mean maybe they were taking Taliban money, but they're also taking the people's money. Nobody bats and eye when it happens to Iran. I mean, they're bad people, right, and they don't bat an eye what happens in Afghanistan.

I mean they're bad people, right, But what about what it happens in February twenty twenty two, when the world's put on notice when there's three global superpowers in the world, three with nuclear weapons China, Russia, in the United States and Russia had their bank accounts seized. And what happened is when they got their bank account seized, every nation in the world was put on notice that, shoot, the dollar is not some neutral monetary system. As a matter

of fact, it can be taken at any given time. Now, a lot of people message me and ask me All the time I was at this conference, people were asking me, Mark, what about these bank bail in laws. I'm afraid that the money in the bank, they'll take it right in the bill in what should I do to protect myself? Well, that's basically what these nations are asking themselves, right, what do I do if the US takes my money? And so they have to start thinking about ways that they

can protect themselves. But more importantly, if they've been completely kicked out like Russia, they got to find new way to do transactions. And that's exactly what's happening. And so what I want you to understand though, is that this is a process and not an event. So people ask me all the time mark. When is this going to happen? Well, it is happening. It's happening. It's a process. When the US dollars took over from the pounds sterling, which was

the last major reserve currency, it was a process. It took about thirty years. We're going to process and we can witness. I've given you a couple of data points. Let me give you a couple more. So, what we know is that because Russia was forced out of the dollar, they've now made the Chinese yuan their reserve currency. So who's the reserve currency of the world, Well, it's the dollar for now. What's next, Well, Russia has made China the uan their reserves. A matter of fact, seventeen percent

of their reserves are in Chinese yuan. We have known friendly countries like the UAE, United Arab em Rights. The UAE. They have now begun issuing bonds, not in dollars like they have always done, but in their own currency, so they're out of the dollar. Egypt, which is again a very friendly country to the United States, has also started issuing bonds like they always do, but not in dollars. Instead,

they've issued five hundred million dollars in yuan Chinese yuan bonds. Israel, which is a big friendly, one of the biggest allies to the United States specifically in the Middle East, has also diversified their foreign exchange holdings into yuue. China and India are now doing mdals buying oil outside of the dollar. So these are actual facts and this is the process

we're seeing these things happen. But more importantly, the big things that are happening is that what we're seeing is that central banks are buying more gold than any time in the last fifty five years, which is previous to going off the gold standard. And why are they doing that Well, because they understand that the US dollar is a weapon nize system, and they're doing that to take steps to protect themselves. The problem is they don't understand

how gold failed in the past. The problem is they don't understand history properly, or more important, they don't understand tachnoledge and how the world's changing. And this might be the wrong move. So what am I talking about? Well, like I said, central banks are buying massive bounts of gold. We can see that Russia has decided in their central bank to double the amount of reserves they having gold. Typically they would hold twenty percent of their reserves in gold.

They've decided to double that to make it forty percent. It's a big move. That means they're going to be buying massive amounts of gold, which is why gold has been rallied. Gold rallied from you know, in the sixteen hundred to over nineteenhundred, almost pushing two thousand dollars an ounce. That's a really really big move for gold. More importantly, it's a big move for gold because gold is supposed to go up in a high inflation environment. But over the last six months or so, as gold has been

going up, inflation has been going down. It's not supposed to work that way. Gold goes up when inflation goes up. But now inflation has been going down and gold has been going up at the same time. Why is that And that's an important piece to understand, and part of it it's because of the central banks buying massive amounts of gold, including Russia. Now I want to tell you about what China is doing, and I want to explain why they're doing it. We're gonna talk about why it's

the wrong move, why it's the same wild problem. We're gonna talk about technology, and we're going to talk about where things are going from a very zoomed out view, and we'll talk about gold, and we're gonna talk about bitcoin and so much more. If you're just tuning in, you're listening to the Markmas Show, we talk about the decentralized revolution, the way the world is changing, so you can understand what's going more importantly, what you need to

be doing to protect yourself as this world changes. I'll be back with all that and more in a minute, so don't go away, all right. If you're just tune in, you're listening to the markma Show, we're talking about the decentralized Revolution, of course, each and every week, and we're specifically talking about how right now today in the world, the dollar system has become weaponized against Russia and other countries.

And now we're seeing central banks around the world buying more gold than anytime in history will least Fisch five years. And so we see the central banks we're buying massive amounts of gold and it's pushing gold's price higher, wall inflation is going down, and that typically doesn't happen. And part of that is because of this massive demand. I mean, come on, look, I say it all the time. Prices are driven by supply and demand. If you have more demand,

more buyers, then you have supply. Price goes up. And the opposite is true. If you have more supply than there are buyers, the price has to come down. It's very simple. Now. The gold market, you know, it's about twelve trillion dollars roughly, give or take. But that sounds like a big market, but it's really not that big because most of it's being held by central banks and it's put away. Then we have the jewelry market, so there's not a lot of gold to buy, and so

there's really not that much. It's it's a pretty inelastic market, and so a little bit of buying pressure can do a lot to the price. And so Russia doubling their reserve requirements from twenty to forty percent is a massive move. And what that's done is it's sort of I believe, is responsible for pushing the price of gold up at this low inflation environment. But more importantly, I think it's probably set a new floor price for gold, meaning there's a buyer now and they're trying to buy lots of

gold well supply demand. There's massive demand now and I don't see gold slipping back down much lower because of this massive band they set this price floor. And then on top of that, we have China just came out and announced the last two months in a row they've added over thirty metric tons each month, so a total of sixty metric tons of gold, which is a massive amount of gold. Potentially there could be five or six percent of what the gold is held in the United States,

and they did that in just two months. We know that China didn't just buy this gold, because you can't buy that much. The question is they've had it all along. Why are they just announcing now that they bought it or they have it? That's the question. What are they angling for? Right, They've had this gold all along, but they're just now telling us that they have it. So why why are they telling us this? Well, I believe they're telling us this for the same reason that Russia

is buying a whole bunch. And what they're trying to do is they're trying to shore up their financial system. They're trying to say, look, we have the gold, and they're doing this to put confidence confidence confidence. It always goes back to confidence. It goes to go back to trust. If they can build confidence in their financial system, they can get more people to use it. And so I talked about all these nations that are now starting to do bonds or put Chinese yuan onto their reserves or

denominate bonds in Chinese yu want. Now, people will only do that if they have confidence in it. Now, there's not a lot of confidence in China, all right, Nobody really trusts them. There's not a lot of transparency there. There's not a lot of confidence there. So China is working to try to bring some confidence there. And they're adding a bunch of gold. They're telling people they have

a bunch of gold. They're being more truthful, and they're showing people they have the backing and people are responding. As I said, we're seeing now Israel diverse fight in the Juan. Egypt issued Juan bonds. Right have made you on seventy percent of the reserves. And so it's working. They're doing this, all right, this is a process, this

is what they're angling for. But here's the problem. The problem is is that they are trying to fix the problem with a very very old solution without realizing why this old solution failed and why it will fail again. It's the same old problem. So what am I talking about. Well, as I said, we're going into a whole new world. And now the fifteenth and sixteenth century was also a whole new world. But now we're going into an even bigger world than. As I say all the time, technology

is what changes the world. It changes the way the world organizes itself. So an example of this, I've said it before if you're a regular listener thing and then you've heard it. If you're not a regular listener, then please become one, and you you can tune in each and every week on this channel at this time. You can pull it your phone and put a reminder and make sure you tune in with me each and every week.

But basically, if you look back through thousands of years of history, you see how technology each change of the world. So an example of that would be for thousands of years, people rode horses, and in the Roman Empire, they'd ride horses the battle. In the Egyptian Empire, they'd ride horse to the battle, but they'd get off of those horses to fight. And that's why like in the Egyptian Empire,

they would use chariots. The horses would get them there in the chariot, then they would get off the horse and they had fight. But then there was a new invention, and it's it's argued when this invention actually happened, but it's not really argued of when it really came into place, and that's the stirrup, the horse stirrup, and it allowed a knight to get onto a horse with his armor

and allowed him to fight from the horse. And so there's you know, artifacts and some stuff that argued that the stirrup was invented earlier than about one thousand a d. However, really where it started changing the world was when knights

could fight from the horse. And the reason why that's important is because not allowed the feudal system to the centralization of the feudal system to grow, because now one knight could handle hundreds of serfs, and it allowed the power and the centralization of the feudal system to up. The kingdoms. I'm controlled by the knights and they could

control the many, the peasants and the serfs. But then about five hundred years later we had the gunpowder Revolution, and now one surf or peasant with a gun could take out a hundred knights, and then it broke the centralizing power of the monarchy and pushed people back into a more of a decentralized manner. So that's an example. And we have a new technology as well. And what am I talking about, Well, we're in the information age.

The Internet has changed the world now. Already in the fifteenth century we had that through global trade and we had to move into this ledger system. But today we live in an information age. You're listening to me right now over the internet or over the airwaves or something like that. So we're in this information age. And the problem is is that old money like gold doesn't work in the information age. What we've done is we've moved from the physical world with physical laws to informational or

man made rules, and that is the crux of the problem. Okay, So in a physical world, it's very simple, right If I have a gold token in my hand, everyone knows that Mark has the gold token in his hand, and if I hand it to you, everybody could see that. Everybody knows that you have the gold token in your hand. That's in a physical world. But in an information world.

Then we need to use something like a ledger, and the ledger would instead of being directly represented when I have it at my hand, now that the ledger indirectly reflects the state of things, and the ledger tells us who has the gold token in their hand. Ledgers are informational and they're centralized because somebody has to control the ledger. Tokens are inherently trustless. If I have it, I have it.

If you have it, you have it. Ledgers are not I have to trust whoever is controlling that ledger, and that is the crux of the problem. So if we zoom out and we take a look at things, what we can see is that, as I said, the world is deglobalizing. It was the big trend of Davos and the West. And as the world deglobalizes, we have less trust with each other and there's less liquidity. And this technology is opening up to give us a way to manage this, but it's not going backwards. Now about every

fifty years there's a technological revolution. That means there's a new technology that's so revolutionary it changes the course of humanity, and it drives all financial markets. And we're witnessing one right now. And the revolution is decentralization. That's the revolution, So not faster money. It's decentralization because as we move into this new world, we're moving from one of physical

a physical world, to an information world. And as the world decentralizes, we need stuff that can move around the world, and it needs to move permissionless. We can't get permission from every single little tiny country in the world to move in a globalized world where we have one world government and it kind of works, but in a decentralized or deglobalized world, it doesn't work. We need to be

permission list. It needs to be borderless, it needs to build a move seamlessly across the world, and it must be trustless. We don't want to put our trust in somebody controlling the ledger, because we see how well that worked out for Russia. You do one wrong move and you lose all your money, even if you're a global superpower with nuclear weapons. And it must have all the attributes of money. It must be portable, divisible, durable, salable, but most importantly, it must be neutral. It must be

something that nobody can control. A decentralized ledger that nobody can control. All right, Now, if you're just tuning in, you're listening to the Mark Moss Show, and I'm explaining how the world is deglobalizing, decentralizing, and how this is going to change the money supply, and how all the moves of the central banks over the last several months are going back the wrong direction. I'm gonna be back

with more of that in a minute. You don't want to miss it, so don't go away, all right, Welcome back. If you're just tuning in, you're listening to the Mark Moss Show, we're talking about the centralized revolution, of course, each and every week, how the world is changing right before our very eyes. And I'm talking about how the central banks around the world are buying more gold than any time in history because they're trying to build a

new financial system. The US has weaponized the US dollar, They've weaponized it against all these nations, and they've really, I think crossed the rubicon, so to speak, jumped the shark, we might say. When they took away Russia's bank accounts, over five hundred billion dollars was seized and the whole world was put on notice, like shoot, if that can happen to Russia, it can happen to anybody. It was one thing when happened to these little small countries, but

what about us? And so now they're trying to stack all this gold And I'm explaining how the problem with gold is that centralization happens because it doesn't move over space. And so in this new world where we have deglobalization, we can't have something physical. We can't go back to the way things were because it failed because it didn't work. And so if we try to go back to the same system is going to fail for the exact same reason. You can't just go back and do the same thing again.

You have to fix the problem. Fixing the problem was going from a physical world of gold, moving physical gold to a informational based system of a ledger. But that solved that problem. Under the Brenton Woods Agreement, the US dollar system was a neutral payment system, so it's solve the problem of gold of that it doesn't settle over

time and space. But it then eventually created new problems, which is where we're at today, which is now whoever controls the ledger controls everything, and we have to trust them, and we're finding out over and over that we can't trust them. So that's the new problem. And the other problem is that as the US continues to kick everybody out of the system, those people are forced to go find their own system, build a new system. And that's

exactly what's happening. I just think they're building it the wrong way, and a new system is also emerging at the same time. And so as the world continues to break apart, as there's less trust, as we need to continue to have global trade, we need a decentralized ledger that nobody can control, that we don't have to trust anybody with. First of all, if you don't know what I'm talking about, I'm talking about bitcoin. So bitcoin is

a decentralized ledger that nobody can control. It's borderless. You can move it around the world seamlessly, instantly for free. It's borderless. It's permissionless. Anybody in any country, anywhere in the world could download an app on their phone and instantly have bitcoin and transact with bitcoin. Not so with dollars. As I said, about two billion adults in the world have no access because they don't have permission. They'll never

be able to get permission. It's borderless, it's permissionless, and it's trustless. I don't have to trust the bank not to steal my money. I don't have to trust the US government not to sanction me. I don't have to trust anybody because it's a decentralized ledger that nobody can control. Now, what about all the other twenty two thousands of cryptocurrencies, Mark, How do I know bitcoin is the right one? Well,

I was just speaking at this gold conference. It wasn't a gold conference, it was it was a mining conference, and they mined more than gold, but mostly gold. And I made the case to these gold guys. I said, gold is a metal, right, it's a precious metal. There's lots of precious metals, and there's lots of other metals that aren't considered precious as well, aluminum, steel, chromali. The

precious metals are palladium and platinum and silver. Right, So there's lots of precious metals, and there's not all metals or precious metals, and not all precious metals are gold. And so I could say gold is a metal, but really, when I'm talking about gold, I'm talking about gold. When I say that the central banks are buying more gold than any time in history. I'm not saying they're buying more metal. I'm saying they're buying gold. They're not buying aluminum,

they're not buying silver, they're not buying nickel. They're buying gold. And so we also say that about bitcoin. Now, bitcoin is a cryptocurrency, but when we talk about bitcoin, we're not talking about cryptocurrency. We're talking about bitcoin because bitcoin is different than all twenty two thousand cryptocurrencies, just like gold is different than every form of metal out there. Now, how is gold different than all the other metals out there, Well,

it has a different set of attributes. There's a different molecular, chemical, mineral makeup of gold that makes it different than all those other metals. It's also different in the fact that it's more scarce. Right, So there's different attributes that make goal different than all the other metals. Cold. It is metal,

but it's not the same as all the metals. Bitcoin is a cryptocurrency, but it's not the same as any of the other cryptocurrencies because it has different attributes, because it's borderless, because it's permissionless, because it's censorship resistant, because it's scarce. There's twenty one million. There will never be more than twenty one million. But Mark, what about etherium?

Ethereum is now more deflationary, really well metallic, Buterin and Joseph Lubinin, guys that control it, have changed the monetary issues like three times in the last like two years. So they change it to be whatever they want. It's not trustless. I have to trust them. I have to trust them that they're not going to change the rules, but they do all the time. How can I trust them they do it all the time. They just did it, so I have to trust them. Bitcoin is trust lists,

Bitcoin is censorship resistant. It's peer to peer. I send it to you. Nobody can stop it blocking up venett but ethereum they could stop it. They just change the entire consis mechanism. All the servers sit on Amazon Web services. Amazon can just shut it off. And I'm not going to go into all that. You can do your own research. But bitcoin is different, just like gold is different than metal,

and so we need to have those attributes now. One of my favorite analysts Lennold, and she says that to equate crypto with bitcoin is to misunderstand both, and it's not just her, It's not just me. Fidality, one of the largest asset managers in the world, said that quote Bitcoin is fundamentally different from any other digital asset. No other digital asset is likely to improve upon Bitcoin. That's

what they said. It's secure, decentralized, sound digital money, and any improvement will necessarily face tradeoffs end quote that's from Fidelity. Any improvement will necessarily face tradeoffs. So the real revolution is decentralization. In order to improve on Bitcoin, you can't be more decentralized, which is what gives it the borderless permission list censorship resistant aspect because it's decentralized, and because you can't improve on decentralization, all the other twenty two

thousand cryptocurrencies try to trade off for something else. Well, we can't be more decentralized, so let's be I don't know, faster, but to get faster you're less decentralized, which gives it the sensor to resistant nature, which is exactly what the revolution is now. Bick can already be sent faster and cheaper than any of their cryptocurrency out there, so you can't really improve on that anymore either. They try to for many years but now with lightning network, you can't

do that. So what am I saying here? What I'm saying is that the world's changing and the dollar system is dying. Now. It's not going to die today, and it's not going to die this year. But it's a process, not an event. The dollar took over from the British pounds sterling one hundred years ago or nineteen forty four officially, but the British pounds sterling is still the third most

used currency in the world today. So even though the pound sterling was replaced one hundred years ago, it's still the third most use And so even though the dollar is losing and it's relevance doesn't mean it just disappears and goes away. When the dollars took over the pounds darling, it was the thirty year process. The dollars losing its relevancy over thirty year process doesn't mean it goes away altogether.

But also, as the world changes, you understand the problems it faces, and you understand that the solutions it needs are not going backwards back to gold. It's not that now the governments don't understand that completely, but you and I do. And what you and I want, as you know investors, is we want a couple of things. But ultimately what we're looking for is the difference or the mismatch of perception and reality. So bitcoine has been traded by Wall Street like a new you know, trade toy. Right.

They love it. It's supervolatile. They love to trade it back and forth like a tech stock. But it's not a tech stock, all right, It's not that it's trading like that today. But that's not what it is. It is a revolutionary technology that can fix this massive problem. There's a mismatch perception of reality. There's also a mismatch where central banks are going back to the relic of gold thinking that can solve their problem. But it can't because the problem is that we're an information age and

gold is a physical thing. I can't send it to you over the Internet. And even if I make a gold backed cryptocurrency or something like that, I would still have the exact same problem, which is I have to place trust in whoever has the ledger. Whoever has the ledger can manipulate that data or steal it from me at any time, just like the US did to Russia. So you and I have the advantage of knowing this today. You and I have the advantage of being an early

adopter and writing this out. You and I have the advantage of getting in early because we spot the mismatch of perception of reality both with the people, both with Wall Street and with the sovereign nations around the world. And we know that this is going to be a long process. This isn't going to happen this year, but

it's directionally happening right now. If you're just tuning in, you're listening to the Markmas Show talking about the decentralized Revolution, how the world is changing, how the money is changing, and how you need to look at things differently so you can get in front of this thing and prosper and have happiness. Hopefully you enjoyed that. Thanks so much for listening.