Every New Law Means Less Freedom

technology that changes the world. And you know, we can look at the political social um things, we can look at the financial revolutions. They're all important um and a lot of people would do really well with them. But if you miss what's going on with the technology, then you're missing the bigger pictures. So we look at all three of the convergence of all three and we're examining what the heck is going on in the world today, how did we get here, and most importantly, where we

are going? So thanks for tuning in. We have a lot to cover on this show today. We're gonna look at what's going on in Europe with some new regulations, new laws of course, new things that you must comply with, and what what those things are. There's two big ones that are happening. What does this mean for bitcoin cryptocurrencies? What does it mean for you personally? Doesn't mean for

the world. Um, we're gonna look at that, and we're gonna look at some of these policies they're trying to put in place and what the bigger context of them are, how they've already been in place and most of the world for about the last two decades. The problems, the pros and cons of this, um, And let me just tell you it's it's a really big problem. That's a really big problem for you personally that you may be

not aware of. We're gonna talk about some new laws that California, which of course leads the United States, so it's coming to California. They're trying to get in California, which then of course would come for um, the rest of the United States and the world as well. Um. And then we're gonna look at some of something that happened this week that I'm a little speechless. It literally shook me to my core. Will just say that, Um, you know, the United States has known for a lot

of things. One thing in particular, and the the entire basis of one of the most important things in the United States. UM, basically got taken out this week and we're gonna talk about that and it all flows into each other. So a lot to cover this week. UM. And if you want to know how to manage yourself through this decentralized revolution that's happening, how to um, not just survive, but to thrive with your money, with your freedom, then don't go away. We're gonna talk about it now.

If you're not a regular listener, then what the heck are you even doing? Uh? If you're not driving, take a second, real quick, pull your phone out from your pocket and just put a calendar reminder. Make sure you're with me each and every week on this time, this channel, because you don't want to miss it. I'm gonna give

you the information you need to be equipped. And you know, you know, when you go out over the weekend and you go to the cocktail party, you might sound really smart by reciting a lot of information that we talked about. So it's a double win for you. So anyway, let's just jump right into it. Like I said, lots of stuff going on today, and uh, one of them, let's start with that. Let's start off the top here the regulations that are happening. Of course, regulations are rules, laws

that are being imposed. Now. You know, one view point that I have at my dad taught me when I was turning eighteen and I could start voting. As you said, you know, Mark, just remember every new law, whether you think it's good or bad, whether you like it or not, it's less freedom. Just think about it that way. So that's the way I think about it. Obviously, growing up in the United States, I believe you're probably listening to me from the United States. Um, we grew up in

the Land of the Free. What does that mean, Well, that means that we're free. We're free to express ourselves as individuals. We're free to pursue things and that lead to our own interests. We're free to choose paths and

options that lead to our own ends, our direction. I remember as a kid growing up in uh you know, still under the Cold War and learning about communism, because we actually used to learn that stuff when I was a kid, and we learned about communism you know over in the USS are over in Russia at the time. I remember just as a kid thinking like it sounded like the worst thing in the world. Like you don't even get to choose what you want as a profession. You mean, they tell you what you have to do

for work, Like you're not allowed to do anything. You can't if you do anything against the state, you get locked up in prison. Of course, at the time, they had the Gulag, the Russian Gulag, which was, um, you know, their prison system, and if you did anything against the state, they'd lock you up, you know. And I just remember growing up thinking how horrible that must be, because in the Land of the Free, we're free, we could do whatever we wanted. Um. But each one of these new laws,

these regulations, these rules, just takes that away. Now, some of them could be good, don't get me wrong. Like I would like a law. I would like a rule that says you can't kill me. You know, I'm totally up for that. I like that. As a matter of fact, nobody should be aggressive to anybody else. Right. That's a libertarian is a not a regressive principle, which means we should be free to do most things as long as we're not hurting somebody else. So of course I want

laws preventing you from hurting me. But I look at each rule and regulation that like that, and I try to be intellectually honest with myself to look at both sides of these situations. Now, I want to say just one last thing and then we're gonna because I want to get into so what's happened here in the highest levels of the United States. That's just I mean, it's still I still just can't get over. And we're gonna

talk about that a little bit. But I think about I think about, you know, the Supreme Court in the United States, which has been on a tear this week making all types of laws, are actually repealing things we should say. And you know, the Constitution of the United States, which is the law of the land, is not a set of rules and regulations that prevents us from doing things. It's not what it is. So laws and regulations prevent you from doing things potentially to protect people whatever. We

can debate that some do, obviously, UM. But the Constitution, the law of the land of the United States, anyway, UM, is not a set of rules that we are restricted by that tell us how to act what we can you can't do, no, no, no. It's a set of rules that restrict the government on taking away our freedoms. So we need to think about it a little bit differently, and so we'll talk about some of the stuff that Supreme Court has been doing. But let's just jump back

to some of the news at hand. This week in Europe, would jump over to Europe for a minute. That these things are global you gotta understand it from a global um level. So in Europe, the European Union seeks a deal on a ground breaking I love the sound of that groundbreaking. It's so new, it's shattering, you can't believe it. To regulate cryptocurrencies. So they want to regular cryptocurrencies. Of course.

You know. One of the things I hear all the time is like, Oh, the government's gonna regulate bitcoin, And I'm like, really, they already do. As a matter of fact, bitcoin is the most regulated asset in the United States. I believe it's regulated by every single institution in the United States, the SEC, c MTC, fence in U, the I R S. Exactly, they've already all regulated. So what do you mean they're going to But of course, uh,

I guess they could do more regulations. It is already the most regulated here here we have more so the European Union on Thursday, will seek agreement on Like I said, there is a quote unquote groundbreaking rules for regulating crypto assets that says the deal would put the EU, the European Union, ahead of the global regulatory pack. Of course, everybody should everybody should try to win that race to be the most aggressive, the most heavy regulated country. That

seems like a badge of pride. By giving issues of crypto assets and providers of related services a passport a passport? What does that mean? So I have to now get approval. I have to receive a passport from the government. Now I'm gonna remind you of a quote from Iron Rand and from the book Atlas Shrug, which if you haven't read Atlas Shrug, you certainly should have talked about it quite extensively, because it basically tells you what's going on

in the world today. Um, if you don't like to read, there's a movie that you can make. Just google it. It's a pretty good movie. But she says that when you must seek permission to produce from men who produce nothing, that you know, we're at the end of a society. And so that's exactly what we have to now, we have to get quote unquote their words, a passport from we have to have now permission to produce. We have to get this passport from men who produced nothing. So

these regulators, they don't know what they're doing. They've never produced anything. It says here that the European Parliament in the U States meet to thrash out a deal in the markets in a crypto assets, which is called MIKA m I see a markets in crypto assets which could come into force around the end of three So we stop about a year and a half before these really take off. I want to explain to you what this

is and what this really means. And there's a second bill and regulation that the EU is trying to put through. And it's not just about Europe. This is what's happening in the United States as well. You need to understand that we're to talk about, like I said, some of these um bigger problems with the spills into that we're already seen in the financial system and and the damage has been done there, and we'll talk about like I said, I mean the big, big, big below that the United

States suffered this week. In this regard that and more. You listen to the Mark Moa show, talking about bitcoin, cryptocurrencies, the decentralized revolution, looking at politics, finance, and technology, trying to make sense of this crazy world today. I'll be back with all of that and more in a second, So don't go away, all right, Welcome back. You were

listening to an episode of the Markma Show. We're talking about, of course, each and every week, the decentralized revolution, the way the world is changing right before our eyes, being led of course by new technologies like bitcoin cryptocurrencies. And we're talking specifically about um starting at the top with some new laws that the European Union put into place, and of course what this means and how it could come to the United States and what it means for

the bigger picture. And so we're talking about the the European Union is meeting to hash out a deal on a new law called MIKA m I c A markets in crypto assets come into effect at end. And there's really three things that they're looking at, three issues remaining that they're that they want to deal with, and one is n f t S non fungible tokens. Two is supervision of this whole space. And then I'm gonna laugh a minute. Hang on the third one is energy consumption.

So let's think about that for a second. U n f T S supervision and energy consumption. So let let's start with that third one for a second energy consumption. So the European Commission would assess the energy footprint of crypto assets. Okay, do they regulate the energy footprint of everything? So?

I mean, obviously we see they're trying to have like a transition away from fossil fuel cars, ice engines, internal combustion engine cars moving to electric vehicles, which we just moved the engine from the from the car and we moved to the side. Still have to have an engine to create the electricity or the energy. But do we regulate how much energy gold mining uses, or the Fiat money system or the banking system, or how about YouTube? Or how much clothes dryers use or washing machines? Do

we regulate any of that now? Um, for comparison's sake, Um, clothes dryers use way more energy than a bitcoin network does, for example. And what the heck do you need to close drive for I mean, you can't you just hang them in your backyard on a line, Like what a waste of energy to try to dry your clothes when they could just dry naturally. Right. What about YouTube? YouTube uses way more energy, and so what a waste of

your time just sitting there watching stupid videos? Right? So anyway, do they do they the energy footprint of all things? Of course not? And who are they to decide how you should be able to use your own energy? Now, the world that I grew up in, which wasn't near as technologically advanced as the one we have today, didn't have problems creating electricity. As a matter of fact, creating electricity has been known how to We've known how to do that for over a hundred years. It's pretty easy.

Anyone who can create electricity very very easily today. So the fact that we even have to deal with that, it's pretty crazy. But let's keep going into this bill. Um, So some other things that they want to do again, like I said, they want to look at n f T s and then they want more supervision over those things. Um. This has been you know a lot of the cryptocids come under pressure because of the collapse of this Terra Luna token, which I've been talking about for several weeks.

Terra Luna has basically led to this contagion downward spiral. We're seeing the entire cryptocurrency market cap falling down and celsius Um crashed out, and now it's spreading into new new form new firms like three A C. Except that are We're gonna talk more about that later. But that's the only that's only the first thing. That's this meek up bill M I, C A. But there's another one, and the European systemat Systemic Risk Board, the e s

RB sounds pretty serious. European Systemic Risk Board has deemed it quote unquote a matter of urgency to consider the need for additional regulatory measures and policy steps to adjust the potential threat that crypto assets could pose to the financial system. Huh so people being free to experiment and try new things, you know, a little bit of assets here, like, uh, what are we at? You know, a few billion dollars, a few hundred billion dollars. That's a threat to the

entire financial system. What about the central bankers creating trillions of dollars, manipulating the price of everything, price fixing, price fixing interest rates? What about that? What about the fact that Christine Legarde from the e c B or from the i m F, formerly of the ECB, now at the i m F. She said, I guess we didn't think through all the unintended consequences of printing all this money. That's a threat to the financi that's a threat to your way of life. It's a threat to my way

of life. It's the reason why, to her point, we didn't think through the unintended consequences. What unintended consequences was she talking about? Oh, you know, the price of natural gas going up by a thousand percent. We didn't think about that. We didn't think that we need natural gas to make fertilizer, which is needed to make food, and now we have potentially hundreds of millions of not billions of people starving to death. We didn't think about that.

That's those are the unintended consequences that she's talking about. Um, but supposedly if you and I we mess around with some free market stuff and some cryptocurrencies, that we're going to put the financial system at risk. We're talking hundreds

of chillions of dollars in the financial system. We're talking a little tiny speck of cryptocurrencies, and it's gonna put the whole financial system at risk, and we have to address that, even though we have Christine Leguard playing with everybody's lives and not just let's talk about the United States. J Powe just this week came out and said, Jerome Powell, for those of you that aren't keeping up here, Jerome Pow, who's head of the most powerful central bank in the world,

which is the Federal Reserve of the United States. He said, well, if there's one thing we've learned, it's that we don't know very much about controlling inflation. Hmm. So they're just willy nilly printing five trillion, six trillion, eight trillion dollars without understanding what they're even doing, which is putting the entire financial system at risk, which is of course, is driving home prices up, driving rents through the roof, driving your gas prices up two levels that you can't even

afford anymore. But a little bit of experiment around with some cryptocurrencies is a threat to the financial system. It's pretty rich coming from them, so of course they want additional regulatory measures to deal with that. Um It says they're responsible for ensuring the stability of the financial system in the EU and while crypto assets currently have a limited hold on the system. These risks could materialize quickly

and suddenly, they say. The e s r B, which again is the European Systemic Risk Board, also hopes to identify cryptos possible systemic implications on the EU financial system. So, you know, look, if we think think, let's let's let's think about this from a higher level, a little bit more of a philosophical level. For example, freedom is not safe. Safe is not free. So what do I mean by that. Let's let's let's look at the lion. The lion is

the king of the jungle. The lion is the most powerful animal now in the jungle or in the in the Sahara plane, wherever it is right, it can kill anything. There's no there's no hunters, I mean other than man right at the top of the food chain. Now it's not it's free. It's free to do it at once, but it's not a it's not a safe life. So the lion has to fight other lions. You know, it doesn't know if it's going to get food. It could get you know, hunted, killed by human um. So it's

it's free, but it's not safe. Now we could take that lion, and we could put it into a cage, and we can keep that lion safe in a cage. We can give it one meal a day, and we can pump it full of antibiotics and it's safe. But it's certainly not free anymore. And so we can have all of these guardrails put around us where um, we're basically in a cage and they keep us safe from ourselves, but we're certainly not free. I'm not sure which side

you're on on that. I'd love to find out. I'd love for you to hit me up on social media at one Mark Moss at It's just the number one Mark Moss semi message. Let me know do you want to be free or do you want to be safe? I want to talk more about these regulations are put into place, and then I want to talk about the bigger problem that we're seeing in the United States, the backfiring of this and how this week, especially in California, it has backfired in a massive way. You could potentially

be at risk and what this means. You're listening to the Mark Moa show talking about the decent realized Revolution, talking about bitcoin, cryptocurrencies through the lens of politics, finance and technology. I got a lot more to cover in a minute when I come back, So don't go away, all right, welcome back. You're listening to the Markma Show. We're talking about the decentralized revolution. We're talking about bitcoin, cryptocurrencies changing the world and what's happening because of that.

Of course, we're looking at through the lens of politics, finance and technology, and we're talking about specifically laws and regulations that are being imposed by the EU. UM, and they're pretty vague. We don't know what we're gonna do, but we're gonna do something because we have to keep you safe. Now safe as a relative term. Um. You know, in the United States, we can go by as many lottery tickets as we want, which the chance of winning is basically none. We can of course, go to Vegas

and we can gamble away even with credit. Um, you know, all of our money. No big deal. UM, but heaven forbid you, you know, experiment around with some cryptocurrencies or something like that. Um. But what are some of the bigger implications of this? All right? So some of the things that they really want to get under control is um. Well, and the tools they would use to get stuff under control is to first get a handle on who it

is that is using these things. Right, So cryptocurrencies are kind of somewhat anonymous, meaning um, they go outside of the financial system, but the financial system is controlled. And there's two main things that they use to control the financial system or to track it. And that's one k y C. You might have heard that term before. The second one is a m L. So k y C is something called no your Customer, and a m L

is something known as anti money laundry. And are These two things were put into place after the two thousand one, nine eleven attack on the on the World Trade Centers UM, the patriotach was put into place UM. And while it was a tragic day for America being attacked and for the people that that unfortunately lost their lives there, it was an even more tragic day for the rest of Americans who lost more freed ums that day than anytime in all of history. And part of the freedoms that

we lost were the freedom to transact our own money. Now, without the freedom to transact, we have no freedom. So if I can't pay for certain things, I have no freedom right, so I have freedom to freedom of speech but if I can't pay to get a phone or a computer to go on the internet, or pay to build a website or print a flyer, how much freedom

of speech do I have? If I have freedom of of assembly, but if I can't pay to put gas in my truck to drive to the assembly, or pay for food when I get to the assembly, how do I freedom of assembly? I have freedom of religion, but if my church can't pay for a building, how do

we have freedom of religion? And so it all starts with the freedom of payments, and of course they've taken that away because they regulate something like I said, k y C a m L So k y C means that you have to know your customer, and that means that every financial institution has to know their customers. They have to know you. What's your name, what's your address, what's your I D, etcetera. Right, And so they've put

these relations on top of cryptocurrency. So if you want to go buy bitcoin or cryptocurrency at coin base or something like that, you have to put all your information in the system, uh, including taking a picture of your I D, uploading all of that. So it's done to the banking system and again this is new. Think think about for all of history, none of this was monitored. Right we had we used gold as money obviously for five thousand years, we used rocks and feathers, and if

I paid with gold, I used gold coins. There was no k y C. There was no databases that stored everybody's most personal information. And even when we got into the money the you know, the Fiat monetary system, you know after basically gold was seized in three and even then, even through one it wasn't really regulated. Now they're starting

to be more like bank secrecy acts. So than for example, um, they put in the policy where transactions of more than ten thousand dollars needed to um get that kise to get that that that information. But I'll have you understand that at the time when that rule is put into place, based off of inflation, that was equivalent to about eighty thou dollars of today's of dollars, and today's today ten thousand dollars is equivalent to you know whatever, I don't know,

a thousand dollars back back then. And so they've really just clamped down on what we can do. Now. This may sound like a good idea, to you, But is it really have you thought through the pros and cons of each one of these things to grab all of the information. Now, the first thing is to use the financial system, the global financial system. You have to be able to put your information in. You have to have the idea, you have to have the you know, the

government I D and all that. You have to have permission. Now that's a problem for people that don't have that information. Now, if you're in the United States, you might say, well,

everybody has that information, right. Well, let's see, there's a whole battle going on over voting, and supposedly it's a racist to ask people to show an I D to vote because supposedly, um, black people and minorities aren't smart enough to go get an I D. I think that's racist to insinuate that they're not smart enough to get an I D. But the point is is that the Democrats are so dug in on preventing, uh, preventing any type of policy that would require you to show an

ID to vote because supposedly it's racist minorities can't get an I D. Well, if they can't get an ID, then they can't get into the financial system. Think about that for a second. So is the financial system racist? You gotta you gotta look at it from both sides. Here you can't have your way and needed to your cake and need it too. Right now, this is just

the United States. What about the world now? Purther you in about half of the adults in the world today have no access to banking two reasons, well mainly just one reason. They don't have permission to join. Now either they don't have the required documents to join, or to they're from an area that doesn't allow them to join. So for example, you're a fifteen year old kid growing up in Iran, Um, you start, you create an Instagram account, you want to start a little business, but nope, you can't.

You can't join the global financial system because you're in a country that doesn't allow it. And so um, about half the adults in the world today have no access to the finance system because of policies like this. And so we have to think about risk and reward. How many people are we helping versus how many people are we hurting. So if we take a look at this, so like k y C know your customer is extremely dangerous and I would even go as far as to

say it's useless. Now. Um, the thing with money, first of all, is that money. If you lose it, you know, it sucks. Nobody wants to lose their money. But if you lose it, you can you can get money back, You can earn it back. What about your identity? If you lose your identity, can you get that back? When you when you're when all your personal information is exposed and sold on the dark web, do you get that back? Of course, the answer is no. Money is replaceable. Identity

is not. Once it's stolen, it's gone. Now does it get stolen? It happens all the time. So all these companies, all these cryptocurrency exchanges, all these banks, they're all storing to know your customer information and they could hack all the time. Experience led to one of the largest data breaches in the U S history, and the majority of Americans personal information, including their social Security numbers and their address and their mother's main names, were put onto the

dark web. Once that gets out there, it's gone. You don't get that back. What are they capturing all this information for? So are we doing more harm than good? Think about that for a second. Now. One of the best ways to protect yourself from identity to have just to understand the false assumptions of k y C. Right, So, like I said, it's supposed to prevent money laundering and terrorist financing because you know, your six dollars that the government wants to write late is going to lead to

all this terror terrorist financing. And never mind the billions of dollars that we actually give the terrorists, never mind the hundreds of billions of dollars or weapons that we gave the terrorists in Afghanistan, or the palates of cash that we gave them. Never mind that your six dollars could lead to terrorist financing. But the problem is is that this k y C endangers mean, it endangers you.

So what's the bigger risk here? K y C encourages identity theft because it creates what we call honey pots. It gets to everybody's information and puts them into a database. And that's very attractive to hackers. Honeypot. They want to go get that. And these organizations that collect this information they're super vulnerable to hacks. We've seen it all the time,

over and over and over, and they get everything. They get your personal documents, they get your name, they get all of that, and then once they have that, they have it. So not only do you get hacked and it gets taken, but then it also helps them. So now these criminals have everybody's personal information, and so now they can go around and use that information to pass k y C on their own. So does k y

C actually prevent the criminals from doing criminal activity? No, as a matter of fact, it entices them to be more criminal still yours and then use that information to get around the very measures that are meant to protect you, protect us supposedly, but actually put us more in danger. I'm going to talk more about that and then go into some big stuff to happen this week that you

need to be aware of. You're listening to the Mark Moa show talking about the decentralized revolution, talking about bitcoin, cryptocurrencies of course, looking at through politics, finance, and technology. Going on a little bit of a ramp. But I got a lot more to cover in a minute. Like I said, I want to talk more about this k y C hack and what happened this week that has me really shaken up. We're back with that in morn a minute. Do not go away, all right, Welcome back,

you're listening to the markma Show. We're talking about the decentralized revolution, of course, monitoring as it progresses. Uh, how do we get here? What the going on? Where we're going? Well, it all is about the technology, so we're talking about that. Of course, we're looking at bitcoin, cryptocurrencies. We're talking about specifically today. Uh. To start at the top, these new regulations that the EU is trying to put in place, which of course they want to come for the rest

of the world United States. UM, A lot of this is more regulation, which of course includes UH knowing your customer k y C and a m L regulations where they gather all your information. They put them into these databases, harming putting everybody at risk to potentially maybe prevent a couple of people from doing some illegal things which are already illegal that they could do. Uh. You know in the United States, I guess I can't speak so much

for the rest of the world. You know, I grew up in a world in the United States where I thought we were innocent until proven guilty. So we have laws and we have rules that are in place. So if you do something illegal, there's you know, laws against that, and there's punishment. But when did we start putting in laws and rules and regulations that would prevent you from being able to do something illegal, Because then that that basically tells me that I'm guilty until proven innocent, but

I'm supposed to be innocent nil proven guilty. So they're gonna put every single person in the world at risk to prevent them from doing something that we already have laws against doing. And the percentage of people that would actually do something bad with it is so tiny, like

less than one percent. So we're gonna put of people at risk, at grave danger, have grave danger, people in grave danger, and inconvenience and additional costs and all those things to potentially stop half of one percent of people from maybe doing something bad that we already have laws against in the first place. Think about that for a minute. That seems like like a smart thing to do. So

does k YC. Like I said, it encourages scams, so one, it creates these honey pots of these these scammers want to go get it, they want to break into it, and then on top of it, now they have that information again, once it gets your mother's made name and your address and your date of birth and your middle initial all that you don't get that back, it's now forever on the dark web, you are forever compromised, forever.

It's a massive risk, grave danger, in my opinion, they could go mess up your credit and then anyone who's ever tried to get their credit fixed, you understand how big of a problem that is. I could take you years and years and years and tens of thousands of dollars and hundreds of hours of time to even try

to get resolved, even if you could. But then, like I said, then it goes to help the scammers because now these very policies that are putting you in danger, these k y C policies, now they have your information they can use to go get around those exact same things. That's what we have pol that's why we have we have laws against doing these things. But trying to create these arbitrary gateways and and and uh and checkpoints to get people to move through only keeps the law abiding

citizens out and the criminals in. And I'm not gonna talk about guns necessarily. Well, actually we're gonna talk about guns in a minute, but um, think about think about in the United States, right that we have the right to bear arms, um, and they say, well, we don't want guns in criminals hands because they could do something bad. Well, we have laws against those bad things that criminals would do. But also think about this, so like look at look

at Mexico for example, they don't have guns allowed in Mexico. Now, certain people, if you're like a farmer, you could qualify to get like one rifle so you could hunt or something like that. But for the most part, there's no guns allowed in Mexico. But what about all these like narcos and cartels because they have lots of guns and they shoot up people all the time. But but I thought guns were illegal. Oh, you mean the criminals have the guns, you see, So the average people doesn't have guns.

Who the average people aren't going to do anything wrong, But the criminals who are going to do something wrong, uh,

do have the guns and they break the laws. And so that's kind of what we're talking about here, that the majority of people who would never do anything wrong, we're being um inconvenience in mass we're paying way higher fees, and we're put at risk in danger to potentially stop a couple of people who are already breaking laws that we already have in place UM and so k y C is completely useless from doing this, and so I

want you to understand that. So as you continue to hear talks about we need to regulate bitcoin and cryptocurrency more, we need to get information. We can't allow people to transfer bitcoin between themselves without us knowing who's there. That's what the EU wants to do. They want to make it where you can't transfer um bitcoin from one person to another without going through a financial institution, which is the whole point. It goes peer to peer sort of

like cash. Yeah, you know how I can hand you cash and that doesn't have to go to the institution where I could hand you gold before that sort of like that. They don't want that to happen. They wanted to be like Venmo, where you have to send everybody Venmo, so it goes through six checkpoints and gateways, so everybody gets their cut, everybody gets their feet, and they can tell you how you can spend your money. Sounds pretty good.

Now this is coming for the United States here I'm reading this or here in California, bill would require websites to verify users I d S so uh, California State legislator is looking at a bill to require websites and apps to authenticate the age of every user before allowing them to access um. It's aimed at protecting the children. Now, of course, who doesn't want to protect children. I have kids,

I want to protect children. There's a lot of things I want to protect children from that the freaking government is allowing people to do, like having transvestites at elementary schools. Like, I'm definitely not for that. I don't think kids should be sexualized. I'd like to protect children from that. So who wouldn't be for that? Of course? It's it's like calling a bill like the Save the Puppy Dogs Act. Who who's against saving puppy dogs? But it would in

effect end online a non amenity in the state. The bill is a B two two seven three. It's known as the California Age Appropriate Design Code Act, which sounds good because we're gonna protect the kids, right, So what it wants to do is protect your But what it is actually gonna do is change the Internet for everyone, because in order to determine who is a child, then the websites and apps are going to have to authenticate the age of all users. Before you can use the service.

So basically what it does it ends casual web browsing and it forces every company, every website, every app to now collect personal information on you so they can store it. And they don't want they don't want to store they're not capable of protecting it. Even the n s A of the government was hacked, Experience hacked, every single little app they have, the they have the they have the ability to protect my data. Of course they don't. I don't want to provide the information. They don't want to

collect information. But California wants to require them to do it because of course, we got to save the babies, right, I'm all for saving the babies. Like I said, I'm a father. I want to protect kids. But is this the way to do it? And it gets worse than that. So let's talk about what happened this week, because there's there's two things that happened that just is shaking me to my core. And so in the United States, we have three branches of government. Do you know what those are? Oh,

I can't hear anybody. So we have the we have the legislative right, we have the judicial. Do you understand how this is the judicial branch being the Supreme Court of the nation. Supreme Court, the highest level, the most esteemed, the most prestigious office in the United States. The rule of law. There's one thing the United States stands for. One thing that separates the United States from every country in the world is a rule of law. That's it.

Other countries don't have that. Venezuela, Iran, there's no Belarus, there's no rule of law. The United States has a rule of law. The Supreme Court of the United States has a rule of law. But we got leaks. Activists get in and they leak information on the most divisive and polarizing topics there are. That's pretty bad. One of the things of the Supreme Court. I'm talking about the rule v Wait. Of course, I'm not going to chime

in on that right now. But one of the things that the Preme Court recently pulled back was this right to have concealed weapons, which California was very angry about because it pulled back California's power over weapons. So the Attorney General in California, the Attorney general who's head of the what Department of Justice, said that they were going to push back and do everything they can to go

against what the Supreme Court has decided. The Attorney General, the head of the d J, and this week, somehow the do o J leaked all the personal information of all the concealed Carrey permit people in California, names, addresses, You get it. Now? Does that seem coincidental to you? But more importantly, why do they have that information in the first place. I'll leave that question for you to figure out. You're starting to get the big picture here.

You're listening to the Mark mos Show. Of course, we're talking about cryptocurrencies. We're talking about bitcoin, we're talking about the decentralized revolution, We're obviously talking about regular elations, and we're looking at it across the spectrum, across the spreads. You can understand these situations better. Would I like to stop one or two bad people? Of course I would do. I want to put people at risk to potentially maybe

stop a bad person who's gonna be bad anyway. For me, the answer is no. But I'd love to hear what you say. Well, you have to think. Hit me up on social media let me know. Thanks for listening to the Mark Wash Show. We'll be back with more later.