The Mark Moss Show Dec 08, 2021

The question is are you I want you to be, which is why I'm doing this show, and which is why you should be tuning in each and every week so you can have the information that you need to have the right perspective to have the long term perspective. Now, I'm not a gambler, Um, I'm not a trader. I don't think that the average person should be gambling away. They're hard and an income and unfortunately, that's what we're

seeing in the marketplace today. UM. About a month ago, we saw options trading surpass stock trading for the first time in history. What does that mean? That means that we're in a gambler culture right now. We're in a gambler economy. Um. Options trading is gambling on the future price of an asset versus stock. Investing is like buying equity of a company, right, like warm buffet about Coca Cola sixty five years ago because it was a great company. It continues to pay lots of cash flow for him.

That's an asset, it's an investment. Um. Options trading is only gambling on which way the price is going to be. And the problem with options trading and gambling, crypto trading, you know, meme stocks, whatever it is, it's not providing any value to the world. Now, we're supposed to get money for the value that we provide. If you want to make more money, you have to provide more value. That's the way it works. Um, I should get paid for for solving somebody else's problem or need, right, And

that's how it works. When I got my investing career started, uh, I was eighteen, I bought U my first house. It was a bank owned repo at the time. Um, well still today, but at at the time, the bank's owned all these these houses out there with all these repossessed houses, and a lot of times these repossessed houses got thrashed like the people would throw you know, param up, tear out the kitchen, tear out the floors, et cetera, and um.

The banks couldn't sell these two regular retail people because banks won't make loans on houses that don't have kitchens or don't have floors in them, And so they needed somebody like me, an investor, to come in buy the house and then fix it up, make it look brand new again, and then it could be sold. So I was buying it, I was providing value, and then I was making money. So I was making money for the

value I was providing. But when you're trading stocks, you're trading cryptocurrencies, or you're training options, you're not providing value to anything. Are you doing? Trading one asked for another, trading trade and trade and trade and trading um, and so there's there's there's no value that's being provided by that. But that's just a sign of the times that we're in,

I think for the average person. For for for every story that you hear about somebody hitting it big and they bought sheibu inu and made five thousand percent um, there's another million people that bought a bunch of other coins that didn't and they bought shebu at the top and lost all their money and so um. There's also stories that people win in the lottery every day. But you don't rush out and buy all all your lottery

tickets either. Now, if you want to buy a couple lottery tickets, you know, more power to you do that. You want to go to Vegas and gamble a little bit, sure, go have some fun. Right, you want to go gamble and shebu we knew, go ahead and do that as well, But just know what you're doing, right. You wouldn't want to You wouldn't want to go buy You wouldn't take all the money you have and buy lottery tickets with it. Uh, Nor would you take all your money and go to Vegas.

But hopefully you wouldn't. And you definitely shouldn't take all your money and go buy these risky crypto assets or options trade either. And so really the best way is to buy trophy assets. I'm scarce assets that are gonna continue to go open value and you hold onto those. Um. You know, the stock markets averaged about a six to eight percent return, depend on if you look at it. You know what time period you look at it, sixty years,

eighty years, etcetera. UM and bitcoin has been averaging a two hundred percent compotent annual growth rate, which is way better two hundreds, way better than six. But for some reason in today's game of their economy, isn't that good anymore, I guess, And now people need to make I need to make two two hundred uh times on my money in in thirty days or it's no good. And unfortunately that's just a recipe for disaster. Um. But I want to give you the information that you need that you

can continue to hold. I mean, I've been telling people to buy a bitcoins since it was three hundred bucks, when it was three thousand bucks, when it was thirty thousand bucks, and every time it drops, people like, oh, Mark, you told me to hold this thing, and now it lost value. I'm mad. And it's like, oh you're mad. It dropped all the way to two thousand, right or whatever. But now it's in fifty six thousand. So that's what this information is for us. Why that's it's powerful, it's important.

I do also like to say a lot of times that the price is a distraction, right, and so we know that it's going to continue going up, but the short term price is a distraction. Zoomed out. We can see the price always goes up, but short term it's a distraction. What we want to look at is we want to look at the growth of the network. We want to look at the development going on the network, and as long as we pay attention to that, as long as those things will continue to go up, then

the price will take care of itself. And we every day we're seeing new developments happening that are telling us that those two numbers are going up massive. Now, something big happened yesterday, and it's it's actually really big because it actually coincides with something else that was really big back in two thousand seventeen. So back in two thousand seventeen,

that was the crazy cryptocurrency bull run. From the beginning of twenty seventeen, I think Bitcoin was like a thousand dollars and by the end of Seen and end up as a twenty x in twelve months, which was insane. Ethereum did even better. Ethereum did even more than that,

and lots of smaller cryptocurrency. I had one cryptocurrency that went up a hundred thousand percent in that time frame, which is enough to turn five hundred bucks into five hundred thousands insane, but things were going hot and heavy. The market was going up, asked, you know, these cryptosis were going sky high. Uh, it was sucking in all

kinds of speculators. And and the more it goes up, the more money it starts sucking in, because humans were just motivated by two things were motivated by um, rushing to pleasure and running from pain. And so when everybody's making money and I'm not, I want that pleasure, so I'm rushing in. And so the more it goes up, the more people it sucks in, which then means the more it goes up, which means the more people sucks in.

It's kind of sulflfient prophecy. And so it continues going up. Now, right at the top, at the end of this December of two thousand seventeen, when the cryptocurrency markets were going hot and heavy and everything was going on, there was a coordinated attack, a coordinating attack that shut down the

cryptocurrency industry. And I'm sure a lot of you guys probably know that Bitcoin went dropped from you know, nineteen thousand down to like three thousand and Ethereum dropped and the entire cryptocurrency market crashed in a lot of you may not know that it was actually somewhat of a coordinated attack. And one of the big attack vectors was that markets stopped going up. Prices stop going up when

there's no more buyers. Markets also stopped going down when there's no more sellers, but markets stopped going up when there's no more buyers. So, as I'm saying, right, as the prices are going up, it's sucking more people, and it's sucking more people, and it's sucking more people in. But how do those people hear about it to get sucked in the first place? Right, Well, it's probably not a big surprise that the majority of people are on

social media these days, Facebook, Google, etcetera, YouTube, etcetera. Right, And so um, everyone's talking about it on social media like like everything else. And in in in December of two thousand seventeen, Facebook and Google banned all crypto advertising. You couldn't advertise it at all. We'll remember, markets stopped going up when there's no more buyers. And if no one can advertise, how is there going to be an awareness? And if there's no awareness, there's no new buyers coming in.

And that was one piece of the other piece of it was that UM a lot of the banks banned cryptocurrency U activity, so you couldn't transfer money from your bank account to your crypto account or or use credit cards to buy it. That was another another big piece. A lot of people think it was because the futures were launched in December seventeen. I don't know if that's necessarily the case. I think it was more of this coordinated attack. They took away the new buyers and so UM.

Since since basically the December of two seventeen, you haven't been able to ban or you haven't been able to advertise any type of cryptocurrency, and without that, you don't have the buyers. But something big change this week that changes all of that. It might be guessing what it is, but I'm not going to give it away. I want to tell you what that big piece of news was.

But more important, they want to give you the context of what it's said and what I think happens from that, because a lot of times you read the headline UM and it's like, okay, yeah, whatever, but maybe you don't really unders and the impact of what this means. I want to tell you what that is. I want to give you the context of what that is. And then we're gonna talk about, um, the other big lever that

we need to be looking at. And there was something else that really really really was big this week, UM and on the other level that we should be watching the development, So I wanna talk about that as well. By the way, you're listening to the Mark Mo Show, of course, we're talking about bitcoin. If you're just tuning in, we talking about bitcoin, We're talking about cryptocurrencies. We're talking about the decentralized revolution. We're talking about the largest asymmetric

opportunity that you will ever witness in your lifetime. And if you get the right information, you can participate in it. So you know, don't go away. I'll bring it back. All right, Welcome back. You are back with me Mark Moss. You listen to the Mark Mo Show. We're talking about bitcoin, we're talking about cryptocurrencies, we are talking about the decentralized revolution that we're witnessing, and we're talking about um lots of things each and every week. We're talking about lots

of things that don't miss out. Uh, if you're not driving and pull out your phone, put a calendar reminder for this channel, this station, this time, and make sure you tune in with me each and every week. It's gonna be the most important part of your week. I can pretty much guarantee that for you, at least over a long period of time, it will be. So. Before the break, we were talking about how the prices is

a distraction. I said that all the time, UM, what we want to do is focus on the growth of the network, and we want to focus on the development on the network, and as long as those two things are happening in the price will continue to take care

of itself. I was talking about how in we you know, was the last really really crazy parabolic we call it bull run in the cryptocurrency markets, and UM big one went from a thousand to twenty thousand, and Ethereum and all the other ones you know went up even higher and UM but then in in December it was like a coordinated attack and Facebook and Google shut down. They banned all advertising, and markets stopped going up and there's

no more buyers. And so if you can't advertise, you can't you don't you don't get a lot of new buyers coming into the market. It's pretty simple. Well, this week we saw, uh, we saw that. Facebook retreats from the crypto ad band. Facebook on Wednesday announcedy's decision to reverse longstanding policy that prevented cryptocurrency companies from running ads

on its services. The move comes after the company tried and failed to launch a cryptocurrency that was intended to send money easily across the world via the company's services. And the company's new policy is huge for the crypto industry and will allow more keyword, will allow more retail investors to access cryptocurrencies than ever before. M hm. So if markets stopped going up when there's new no more buyers. They banned advertising, no more buyers came in, the market crashed.

Now the market's going back up and they are about to open the floodgates. Are you kidding me? Listen to what they said. The company's new policy is huge for the cryptodustry and will allow more retail investors to access cryptocurrencies than ever before. So with more buyers coming in, let me ask you a question, um, based off of this that I just read you, We're gonna dig into it a little bit more. But based off this, do you think there will be more people owning cryptocurrency in

the near future or less. Yeah, I'm guessing more, right. And if more people try to buy a fixed, limited amount of goods, what do you think happens? If you guess the price goes up, then you would be guessing right. That's exactly what happens. And so, um, let me read that to you one more time. The company's new policy is huge for the crypt industry and will allow more retail investors taxes cryptocurrency, so more they think it's gonna

be more. I think it's gonna be more. I think more people trying to cram into a limited amount of scarce goods is going to continue pushing the prices up. Is says that Facebook announced this decision to reverse longstanding policy. Um. And what's interesting is that it comes after the company, which, of course, by the way, Facebook is now called Meta. Um. It comes after they tried and failed to launch their

own cryptocurrency. So a lot of people, you know, speculated, including myself backen like, was this part of like some coordinated government kind of attack where like, hey, let's ban advertising, let's ban banking access, all those things at the same time, or was it really a competition thing where um, they were trying to launch their own cryptocurrency and they didn't want anyone advertising other ones because they were trying to slow those down so that they could launch their own.

If that makes sense, right, Like why would I allow someone else to advertise their product on my platform that's going to compete with my product? Like I wouldn't want that, right, neither would you? And so that there was also speculation, and it seems maybe that's the case because this this move comes after the company tried and failed to launch cryptocurrency, so UM they've kind of given up UM. The person that was leading the charge of that, his name was

David Marcus. He announced UM this week that he was going to leave the company at the end of the year. And so he's leaving. They gave up, and what the heck, let's just open up crypto cryptocurrency advertising and then UM, let's open up the floodgates. In their own words, it's going to bring more more retail people into the space. I think that is going to be massive. I think it will be very, very very massive. UM. So anyway,

that's big news. Now, remember what are the two things that we're looking at, Not the price, we're looking at the number of users, the growth of the network, and the development on the network. So this is going to increase the users, will increase the growth of the networks. That's that's a big piece of it. Um. The other big piece of it though, is not just the growth of the network, but it's the development on the network. So we want to see the development on the network,

meaning um, you know, new technologies, um, new applications. But also we want to see like mind share development. So what do I mean by that. I mean like attracting the best, attracting the brightest people in the world over. So for example, I mean we've seen some of the brightest people in the world going to work in the in the in the bitcoin space. Um, rumors are that David that that David Marcus here potentially is leaving Facebook to also go work at maybe a new bitcoin or

cryptocurrency company. We'll see what happens with that. But we want to continue to see these bright people quitting and leaving and coming to work on this. And so you know, I get across my social media, get thousands of comments every week, probably over five thousand comments weekend. I get lots of comments that like come on, Mark, cryptocurrencies are stupid, They're dumb, They're not backed by anything. It's a ponzi. It's gonna be made illegal. I mean, you name it.

I've heard it all. I've heard it all thousands of times. And uh. One of my response is that I've been kind of given going back to lately, is like, Okay, uh, are you smarter than all these people, because like, let let me, let me let me fill you in on that before we get to that question, that we get to that answer. So we've seen some of the smartest, some of the brightest people in the world, some of

the biggest investors in the world. Some people are like you have a Warren Buffett and Charlie Munger and into it. I'm like, yeah, but there are some ninety five and like so what right, Like there are two people, but some of the biggest and brightest investors in the world are into it, like Stanley Druckon Miller or Ray Dalio. Ray Dalio was actually against it, and now he's come around it. He's realized it's actually something big and important.

Stanley druck and Miller, Ray Dalio, Paul Tutor Jones. I mean, these are some of these are legends in the Wall Street investing world, and they've all come onto it. We had Ray Dalio's company, Bridgewater Capital, which is the largest hedge fund in the world. The CFO left to go work for a bitcoin company. So when you have the CFO of the biggest hedge fund in the world leaving Wall Street to go work at a bitcoin company, what

does that tell you? It tells me that it's growing at such a rapid rate that it's sucking in the mind share you have. As I as I've talked to many times before, the CEO of micro Strategy, Michael Saylor, one of the one of the smartest and very rich guy. UM they put all their money into bitcoin. UM. He's raised billions of dollars going to bigcoin. You have El Salad are using bitcoin. So when you see all that happening and you have your doubts, I get it right.

Are you smarter than all of them? You're smarter than the smartest guys on Wall Street, You're smarter than the smartest guys in the business space. You're smarter than nations and governments. I'm not that I'm not that smart, and I'm I've been studying this for a long time. Maybe I'm just more humble. Maybe you should be more humble too. But there's even bigger news that happened this week, and this just kind of I don't want to put the nail on the coffin, but it's definitely another nail in

the coffin. Um that really emphasized the point big, big, big news that not only is big news, but also it's going to be a massive catalyst. I wanna tell you about that. By the way, you're listening to the Mark mo Show. Of course, if you're just tune in and you haven't realized, we're talking about bitcoin, We're talking about cryptocurrencies. We're talking about the decentralized revolution that we're witnessing right now. It's the biggest opportunity to ever have

in your lifetime. Don't go away, I'll be right back. Hello, and welcome back. You are listening to the markma Show, and we're talking about bitcoin, and we're talking about cryptocurrencies, and we are talking about the decentralized revolution. It's big. When I say decentralized revolution, I'm talking about a revolution. I'm talking of a revolution that is going to change

the way the world works. That's what a technological revolution does It's not a new technology that incrementally improves our way of life. No, no, no, no, Instead, it changes the way that the world works. Now we're talking about, um, we're talking about news in bitcoin and cryptocurrencies, and we're talking about how, uh, you know, ignore the short term price and rather you at the growth of the network and you and you look at the development on the network.

I talked about this on a weekly basis, and I'm trying to keep you up to date on what those developments are. Because as long as those developments are still in play, as long as we're still growing the network, and as long as we're still growing the development, then don't worry about the price. Just know that things are gonna be okay over the long run. Now, if things suddenly turn for the worse and the development dies and the network starts to die, well then that's another story,

and so we'll talk about that as well. But before the break, I was talking about how there was like this coordinated attack back in seen at the very height

when cryptocurrencies were running hotter than ever. You know, bigcoin had gone from a thousand to twenty dollars, and cryptocurrencies and like Ethereum had gone even up more and right thing the December, there was this coordinated attack where Facebook and Google shut down all advertising and markets stopped going up when there's no more buyers, and if you can't advertise,

you don't get any more buyers. Also, the banks had a coordinated attack where you couldn't get money into the cryptocurrency exchanges, and so if people again couldn't buy, the price stopped going up. Well um big news this week was that Facebook reversed that band and they're going to now allow companies to start advertising again. And remember markets stopped going down when there's no more buyers. This is about to bring a ton of new buyers into the space.

So that's good. The network is going to not just continue to grow, but probably about to skyrocket. I mean, it's probably about to just launch off. But we also want to look at the development going on. I was talking about the mind share. I was talking about the types of people that are leaving the best jobs, the best companies in the world and that are now coming

to work in the bitcoin um space. And so one of the big, big, big, big big news stories this week that really shook up the entire you know kind of tech world. Is that one of the I don't want to say most loved, but I don't know, one of the big names in in in the social media world. What will say that is Jack Dorsey's the founder of Twitter, CEO CEO of Twitter, and and he decided to step down.

He's decided that he is no longer going to be part of Twitter, and he wants to focus all his time on the payments company Square, which is also his company. Square is a massive, massive company, and he wants to leave. He stepped down from Twitter, and now he's gonna go work full time at Square. But more than that um, Square is going to change its corporate name to block Block, Inc. The company said in the statement Wednesday that Square Crypto,

which has had another division called Square Cryptos. They had Square and then Square Crypto and Square Crypto is also changed this name to be called Spiral and Square Crypto previously known as Square Crypto, now called Spiral is a subsidiary company of previously Square now block Um a subsidy of that, and it's focused on funding bitcoin development. That's

that's its entire goal. All it does is fund bitcoin development. Now, remember one of the two things to be watching out for growth of the network, which we talked about with Facebook advertising and development on the network. So one of the best tech CEOs in the space left his job to go work on this full time. Let me read that again, focused on funding bitcoin? What bitcoin development? Yes,

so again that's what we want to watch. So if we are continuing to grow the network with Facebook advertising, and we're continuing to have development on the network, the price will continue to take care of itself. Now, they say the new the name alludes to spirals focus, which of course is bitcoin as it continues to grow like a spiral from a single point, encompassing more and more space until it touches everything. That's what Square tweeted out.

And they want they wanted to tweet the reason why they wanted to change the name. And this is a key piece. And uh, a lot of you guys might not love me after this, but I'm gonna tell you anyway. I'm gonna read it directly from them. It says, uh, once Square decided to rebrand, I'm reading the quote here from their website. We knew it was time for our own long overdue rebrand. This is Spiral's website, after all, Square Crypto was never the best name for our team.

Having Square tied to its name drew a direct line between the corporate benefactor, which was Square. They're supposed to be independent. On the other hand, having Crypto in its name led to confusion as the company is focused solely on bitcoin. Solely on bitcoin, that's an important distinction, not Crypto. They had the name Crypto, but they wanted to change it from Square Crypto to Spiral to be separate from Square, but also because the company is focused solely on bitcoin.

So we have one of the you know, best tech CEOs in the space. Let's create a Twitter and app that I use all the time, which, by the way, if you're not following me on Twitter, then you should. You can find me at the number one Mark Moss. That's just the number one at one Mark Moss. Send me a message let me know you heard from me here, which I've gotten many of you guys tweeting at me, so I appreciate that. I'd love to hear that you're listening to the show. Make sure to ask me questions

always trying to answer them here for you. But I used I used Twitter all the time. It's a great app. And um, it's actually it's amazing. App I'm not gonna get into that rabbit hole right now, but he's left to go work, not just in the crypto space, in the bitcoin space, I'm talking about mind share. I'm talking about the brightest people in the world that's sucking it in just like gravity. And uh, you know, Off often said that I'm bullish on what happens when millions of

entrepreneurs backs are against the wall. When you have people like Jack Dorsey coming to build on bitcoin, you better watch out. It is going to take off. We're about to see things change really really fast. And of course not just not just Jack Dorsey. The whole point is to um fund bitcoin development. So what they're doing is um what the what? What? What? What he's building now

is um he says. I'll read it here again. So it says in the statement block is A is a new name, but our purpose of economic empowerment remains the same. No matter how we grow or change. We will continue to build tools to help increase access to the economy. So that's the key piece there, right, We will continue to build tools to help increase access. So what are we trying to do? Right? We want to grow the network,

and we do that. If they build tools that increase access, then more people can come in and more people can develop on it, and those are the two things we have to be paying attention to. Hopefully you're falling along there at this point, UM, So that's really big news. Um Square is expected to change their name legally to block Inc. On December ten, but the company's ticker symbol sq is not going to change. It's gonna stay the same.

And it says that Spiral is dedicated to building and funding open source projects aimed at making bitcoin the planet's preferred currency. All right, think about that? Maybe that again, Spiral is dedicated to building and funding open source projects aimed at making bitcoins the planet preferred currency. So more people, more network growth, and more development, UM is going to

be happening. It's also like I was saying before, you know, I mean, I get thousands of comments, and I'm sure I got people listening now, UM saying come on, mark cryptocurrencies.

Bitcoin it's gonna be banned. It's it's it's ponzi. It's worth nothing, there's nothing back in, it uses too much energy or whatever whatever excuse you want to throw at it, and I would just ask you to just check yourself with a little bit of humility, like really, like you just have a little bit of humility, check yourself, like are you smarter than Jack Dorsey? Are you smarter than Michael Sailor? Are you smarter than the president of El Salvador?

Are you smarter than Paul Tutor Jones or Stanley druccon Miller. I'm certainly not. I believe that success leaves clues. I believe that you follow the successful people and you do similar things that they're doing, and you have similar results. And when I see um CEOs like Jack Dorsey's stepping down from the CEO role of Twitter to go work full time in bitcoin and to go work full time and making a bitcoin better product and more accessible to more people, then I am extremely bullish on that. What

about you? By the way, you're listening to the Markma Show, of course we're talking about bitcoin. If you're just tune in, we're talking about bitcoin, We're talking about uh cryptocurrencies, we're talking about the decentralized revolution um, which the most important things in the world to be working on right now in my opinion, and of course in Jack Dorsey's opinion

as well. I want to talk about some other big stuff that's been going on with the government that you don't want to miss, So don't go away, all right, welcome back. You're listening to the Markma Show where we're talking about bitcoin, of course, each and every week, Bitcoin, cryptocurrencies, the decentralized revolution. We're talking about something massive. We're talking about something that is going to change the world, going

to reshape the world now. Um. You know we're we've been talking about the price, you know, being a kind of a short term distraction, and that as long as the network's growing, as long as development continues to happen, that we know it's going to continue to grow. You know, this is something that's super powerful, super important. I mean, it's going to make the world a better place, and

not just a better place, an amazing place. I believe that as as bad or the badst things look, as dangerous, as dark as things seem to be right now today, there is so much hope and prosperity in front of us. Um. And it's all because we're gonna fix the money. We're gonna fix the world. Um. And that's a topic that we can dig into one another show. Um, and uh, a lot of you listening hopefully that that resonates with you.

I know there's probably people listening right now that are going, Hey, Mark, how can we not telling me what um n f T to go by? Right? What about n f T s H what's the next hot um dog coin I can buy or whatever? Right? And um, you know, I might as well tell you what sports game? What what NFL game to bet on this weekend? Right? Or what lottery numbers you should go play? I mean that's that's

basically what that is. And you know, while there's obviously a lot of money to be made there and and you know a lot of people are having some fun with it and it's cool tech and and and then there's gonna be some things there. I'm not putting that down at all as a matter of fact. I mean I'm I'm actually recording from Miami right now. And in Miami there's Art Week, and part of art Week was

also there's n f T things going on. And I went down and hung out with some people down there and talking to a bunch of people and they're like, oh, yeah, n f T this, n f T that, And it's cool, you know, like the time. Oh, we can do n f T real estate n f T s in real estate. I'm like, okay, explain that to me. How does that work? Well, we we take we take you know, take a property, and then we return into tokens and and they're they're h n f T s and people can buy those.

I'm like, okay, So like, but like I can own an apartment building in a in an LLC or or corporation, and then I could create a bunch of shares and sell the shares to right, yeah, but this is a it's I share with n f T. I'm like, but it's the same thing, right, Yes, the same thing. So you can call it a n f T, you can call it a share, you can call a stock, you can call it token, you call it whatever you want. It doesn't change things, right, it's not. It's not changing things.

And it's not that not even technical n f T s Because if I create a if I take an apartment building, and if ID into tokens and sell Hunter tokens or Hunter thousand tokens or a million tokens, all of those tokens are actually fungible. That means each token is exchangeable for one of the token. They're not even n f t s. So there's a lot of buzz

words you need to be careful of. Um. And hey, I'm all for it, man, I'm all for I'm all about freedom, about freedom of choice, freedom of expression, and um, you know, if you want to go gamble or do whatever, you know, I'm all for that. Um, you want to buy art and collectible is great, you know, go buy art and collectibles. I have nothing against that. It's just not going to change the world. It's just it's just not going to change the world. That's that's the thing.

And um, you know, I want to change the world. We're we're literally witnessing the technology that is going to prove the world by so many measures that we can't even barely comprehend. And so well it's cool while you know you could instead of owning, you know, a share of Tesla stock in your e trade account, now you're share of Tesla stock still in the trade, but now it's on a blockchain. I mean, doesn't change that you

still in Tesla stock, does it. It's not life changing, right, I'm talking about changing the world, man, and that and that's and that's why we're not You won't hear me telling you what you know, ape to go by n F T or whatever. So we're talking about bitcoin, you know, we'll talk about the cryptocurrency markets. Um. And uh. You know bitcoin has been going up a two compounded annual growth rate per year. I think it can continue doing

that for quite a while. Um. Some of the some of the brightest people in the world that can continue doing that for a decade. UM. I think it's got an easy tent X in front of it in the next five years. And shoot, if I can text my money in five years, I'll take that all day of the week. Problem is, in today's world, that's not enough for some people, but hopefully for you it is because not only can you, not only do you have a potentially text opportunity in front of you, you can also

make the world a better place. But we're gonna have to fight for it. We're gonna have to fight for it. The leaders, I'm not going to call them elites. I don't like that word anymore. They're not elites. I wouldn't hire any of those people that run any of my companies. They're not elite. They're not a leader anything. Their leaders they're they're kind of they're kind of set in policy. They're not gonna wanna allow change to happen. As a matter of fact, they've been coming out against it heavily.

We saw, you know, Christine Laguarde, formerly of the I m F, now she works at the ECB, the European Central Banks. She said that innovation is a threat to our financial stability. No no, no, no, no, no no. Innovation is a threat to their financial monopoly. It's not a threat to the financial stability. It's a threat to their stranglehold. We saw this week Hillary Clinton came out

saying bitcoin, um undermines the financial system. We saw the I m F. I'm sorry, the the Bank of England came out and said, uh, Wren, Wren to El Savador, Hey, this this, this could destabilize the financial system, and so um.

You know what I would say to that is that, um, you have this entire financial system that's protected by the largest military in the world and the largest bureaucratic system in the world, and the largest financial system in the world, and Wall Street and the dollar reserve system in the eurosystem and all of that, and they're worried about an open source piece of code undermining that all the might of the power of the mightiest army and military in

the history of the world, with all the people and all that, and an open source piece of code. So I would just keep that into perspective and be prepared for UM, you know a lot of this. UM. I don't. I don't want to use the word disinformation, but it is. It's disinformation, um that that's coming out. So this week there's an article I'm just kind of looking at here and it's bitcoin mining is growing dirtier than coal. Big

here comes the bitcoin fud. Watch out. It's gonna boil the oceans, it's gonna it's gonna ruin the air, it's gonna ruin the environment, and blah blah blah, blah blah. And the one thing I would just say to this is it's it's it's it's an easy answer. And so I want to just address this piece because this is one of the biggest attack vectors that I think bitcoin faces, because everything is going to becoming a climate emergency at this point, and so bitcoin the single biggest expense is

by electricity. I have to mind, right, they're saying that used toomuch electricity. I have to buy electricity, and that's my biggest expense, and so to make more profit, I have to get my electricity costs down. Most of bitcoin is mining on electricity that costs about five cents or less. Now, in California in the summer, you're paying about forty cents per killer. What hour um for mining on bitcoin you need to be about five cents or less. Now in some places it's it's two and a half cents or

three cents. Now, how the heck do you get three cent power when it's forty cents in California, Well, it's easy. The reason why you get three cent power is because it's power that nobody's using. It's power that's being wasted. It's power that would be completely wasted if it wasn't being used. That's why it's so cheap. It's not cheap

in California because there's too much demand for it. But in some places they built a new um energy source, a new hydro electric dam or something, and there's nobody using the power, and so hey, we'll give it away for practically free if it does come, take it right, And so bitcoin is you pick up the miners, you move them anywhere you want in the world, and you go to where the power is the cheapest. And then where the power is the cheapest is where the power

is wasted. So there's a huge, huge, huge amount of power energy that's being wasted every single year because of you know, projects that were built and there's just not demand, not enough demand there, you know, for whatever reason, the town never grew um or whatever, right, and so there's just all this excess demand our supply, and so bitcoin just moves there and you use that up. So is it used a lot of energy, Yes, but it's not using it's not stealing energy from people that need it,

like in California. It's only using energy that's being completely wasted and was already going to be wasted even if bitcoin didn't go there and use it um. And so just keep that in mind. We can we there's there's a lot of ways that actually bitcoin will even improve the energy system and actually could drive the cost of energy down for everybody and even make renewable energy work.

Renewable energy as a disaster on its own, because it's intermittent, it's unreliable, but there's ways that we could use bitcoin to even make it more reliable. And so just keep that in mind whenever you hear this fud uh if you're if you're uncertain in doubt, UM that UM it doesn't waste energy. As a matter of fact, it only uses wasted energy. It's a different way to look at it.

In UH, in Texas, they're using flared off natural gas, which is typically just either burned into the atmosphere or vented in the atmosphere, which is probably not very good, and now they're capturing it and using it, so it's actually a net good and not bad. So that's a that's some good information. I just saw this article came out this week and it's a constant attack factor. I wanted to fill you in on that, and I just want to keep giving you the information each and every

week so you can profit from the Bitcoin revolution. That's here. Of course, you listen to the Mark Mass Show. We're talking about the bitcoin revolution, we're talking about cryptocurrencies, we're talking about the decentralized revolution. Bringing you the most up to date information you need each and every week. It's the most profitable part of your week. Thanks for listening.