The Mark Moss Show Dec 15, 2021

that we've ever witnessed. And like I said, a lot, the future of humanity is going to be changed now. I don't say that lightly. As a matter of fact, I was just a guest on one of the biggest bitcoin podcast in and out there. It's called What Bitcoin Did, and I laid down a thesis in about two two and a half hours, which is a lot more than I can do with you on my radio here, and I laid out what I'm calling is the battle for the fate of humanity. Wow. That's pretty heavy, isn't it.

And I don't mean that in a hyperbole way. I mean that legitimately. I think that's really where we're at, and I think bitcoin is the tool that allows us to win that battle. For the Fate of Humanity. Again, it's a long interview. It's more than I can go over here. But if you just do a quick Google search mark Moss battle for the Fate of Humanity, what Bitcoin did, you will find that interview. But I'm trying to fill you in bit by bit each and every week.

I want this to be the most important, the most profitable point of your week. So make sure to uh set I ever set a calendar reminder on your phone right now for this channel this time, and join me. Now. After I just tell you how big that is, then I'm gonna go backwards a little bit and I'm gonna tell you about the price. Now. I say that reluctantly because I do believe the price is a short term distraction. The price is a short term distraction. I think it's

also what I call the bait and switch. People get sucked in um for the price and then they stay for everything else that it brings. But let's talk about the price for a minute, because it's all over the news this week because the price it's a bitcoin crashed. It crashed this week all the way down to the price that it was in October. Oh my gosh, I

can't believe it. Of course, I'm saying that sarcastically. So we're all the way back to where we were about October four, which is about two months of games that we kind of wiped off the plate, which sounds bad at first, but if we want to put that into perspective, March of last year, we're at about thirty five dollars and today we're sitting about forty eight thousand dollars. So still looking pretty good, but it doesn't really tell the

whole picture. What really tells a more accurate picture is when you look at it, you know, over this longer term time frame. And so I think if I explain this to you, gets a little bit of perspective. And so we were at you know, as low as like thirty now we're at dollars. But the perspective is that it ran from that thirty low up to about sixty four thousand dollars in um April of this year. And that was a pretty dramatic run. Now, it didn't go up in a straight line, as a matter of fact, UM,

it ran pretty hot and heavy. UM. In January the price dropped about eight percent UM. Then we saw, you know, run pretty hot and heavy again until February, and then the price dropped another and then it ran pretty hot and heavy until the next month March, where it dropped another uh and then it ran pretty hot and heavy till the next month where it dropped percent. Are you getting the idea every month? And then it ran pretty hot and heavy till the next month May eleven, where

it then dropped forty eight percent. So it got up to that high of about sixty four thousand, and then it dropped all the way down, all the way down to about thirty dollars, and then for about two about two and a half months, it sat in what we call a range, and basically this range where it just basically moved around thirty, you know, thirty five thousand dollars

for like two months straight. So when it's high up as sixty four thousand, all the way down to thirty thirty five thousand, and just stayed in that thirty range for two months, and then it took off again. When things build up, when when things consolidate, they start to build up energy and it builds for the next blast off. So it's kind of like, um, it's kind of like if you went out to like, uh, to go to

go exercise. Hopefully you're doing that if you're not to exercise and neone to go walk and uh, if you're walking, you could probably walk for a really long time. Right. But let's say that you ran, Let's say that you um ran at of your max. Well, you could still run pretty far, but eventually have to take a break. Well, let's say you that you sprinted. Let's say that you did it all out, sprint as fast as you could possibly go. Well, you couldn't run as far, and then

you have to take a break. You have to take a break and you have to catch your breath before you could run again. And that's kind of like the markets. When the markets go up at a very slow pace, they can do that for a long period of time, but when they run super fast and super hard, then they have to they have to catch their breath. And

that's kind of what happened. So then UM we saw it was into July July thirty one, UM it started taking off again and it went from um from about thirty thousand and um at at at the end of July, about thirty thousand in July, all the way to sixty nine thousand about two. Well, November twelve, that was a pretty good run. Now, of course it it had some pullback, so we saw um September six, it pulled back and then kept going um, you know, and and we saw

lots of those pullbacks. We saw October ninete it pulled back another fifteen percent, but it got up to six thousand dollar high and now it's pulling back. But what's interesting this time is now it looks like it's consolidating around the fifty thousand dollar range. So a couple of months ago it consolidated at thirty So year and a half ago was three thousand runt to sixty four, and

then it consolidated around a thirty thousand dollar level. It's pretty good then from thirty of last up to sixty nine, and it pulled back and now it looks like it's consolidated around a fifty dollar level. But you see it's the lower I'm sorry, the higher lows, the higher lows.

That's what we're looking at. If you look at bitcoin on a zoomed out chart, you'll see that every year since the beginning, for the last twelve years, the lowest point of every year, the lowest price of every single year has always been higher except for one year, and so that's what we're looking for, lower or higher lows, and that's what we're doing. So anyway, you know, it's down a little bit um, but it looks like it's

building up steam. As a matter of fact, that I was in Miami all last week doing a bunch of meetings and recording that show I was just talking about, and I was, um blessed to get to go to Michael Sailor's house. I went to Michael Sailor's house for a barbecue and it was pretty amazing. If have you guys have been following bitcoin, then of course he probably doesn't need any introduction. If you do need an introduction, he's probably one of the smartest guys UM in the

bitcoin space. He's m I t Um literally an M I t Rocket scientist UM. He owns more Bitcoin than any other person out there, and he continues to buy. And I had got to hang out out of barbecue his house. It's pretty cool, and we were talking about this specifically, and he basically said the exact same thing I'm telling you right now, which is it looks like

bitcoin is just pulled back. It looks like it's just building up some momentum, some some energy, and I expected to blast off again and so, um, you know, he's on the radio talking to you, but I'm able to interpret that for you. So that's kind of where we're at with the price. But remember the price is a short term distraction. What we're really looking for is two things. One, the growth of the network, is the network growing, and

two is the development on the network growing. Those are the two main things that we need to be watching out for. And as long as those two things are going good, then the price will take care of itself. So let's talk about those two things, because there has been some massive, massive, massive moves this week that I want to explain to you now talking about Michael Sailor

real quickly back to him. For example, Um, this morning he posted on Twitter that he micro Strategy, his company purchased an additional one thousand, four hundred and thirty four bitcoins for eighty two million dollars in cash at an average price of fifty seven thousand dollars per bitcoin. What that was As of twelve nine one, they hold over one hundred and twenty two thousand bitcoin. Now, you might

think that bitcoin is a scam. You might think the price of bitcoin is too expensive, but I would just ask you to check yourself. Are you smarter than Michael Sailor? Because I know a lot about bitcoin, I know a lot about economics, I know a lot about technology. There's no way I'm putting myself smarter than him. And he's buying at these prices. So I was at his house and barbecue. I told you what he said, and this is he posted this morning. He just bought another uh

eight two million dollars worth of bitcoin. But again, the prices the distraction. We want to look at the network growth and development, and there's been big developments on both those fronts. This week. I want to talk to you about By the way, you're listening to the Mark Mos Show. We're talking about bitcoin, we're talking about cryptocurrency, we're talking about the decentralized revolution. I want to tell you about why they're growing as fast as they are. What's happening.

So don't go away, I'm gonna be right back. All right, Welcome back. You are listening to the Mark ma Show where we're talking about bitcoin, we're talking about cryptocurrencies, and we are talking about the decentralized revolution. Of course, each end, every week I'm bringing you the latest information so you can participate, so you don't get left out on what I'm calling the biggest opportunity that you'll ever see in your lifetime, in multiple lifetimes. Now, before the break, we

were talking about the price UM. The price has created all the way back down to where it was in October wam wham um. But but it's it's consolidating at about a fifty dollar range, where a few months ago it can all at a thirty thousand dollar range. That's a pretty big difference. Um. I'm pretty happy to see a consultation at the fifty range UM. And so that's that's one piece of it. But again it's the development that the network growth and development that we want to

be watching. And so there's a lot of things that are happening on that front now. When I when we go and look back how I talked about how it it did get up to sixty had crashed all the way down to that thirty thousand dollar range. One of the biggest reasons why that happened is that China kicked all the bitcoin miners out of their out of their country now, Uh, that was one of the big things that people would criticize bitcoin for is that, well, you know,

China controls all the mining. China could take over the network if they wanted. And you know, there was a little bit of truth to that. I mean, China did control over over fifty percent, maybe about sixty percent of all the bitcoin mining. And the way that this works is that the miners have to achieve consensus. So you need over of the network to agree to achieve consensus. UM. And so if if potentially six of the miners were

situated in China, UM, that was a weak point. Now, the reality is it's not the miners that control the networks, the nodes. However, you know, it's still was somewhat true. UM. But earlier this year, China kicked all the bitcoin miners out of their country, So we don't want you here anymore. Now. I made a video on my YouTube channel called China's second fatal Mistake I know about. It's about twenty minute video, and I talked about why I think this is their

second fatal mistake. Maybe I can explain to you on the radio at another time. Of course, you can go watch that video on my YouTube channel just Mark Moss and China second fatal mistake, but they kicked all the miners out. And basically it was the biggest attack the bitcoin network might have ever seen, where literally over half of the network was turned off almost overnight, like literally it was it was, it was at attack. It was

exactly what people's worst fear was happened. And and China attack the network, shut all the miners down and kick him out of the country. Now, the way that this works is that you buy a specially built purpose computer that UM puts its processing power, it's hash power onto the network and helps secure it. I and that's called hash power. That's the power of the network, and it's measured in um equa equa hash. All right, that's I'm not going to get deep into the technical side, but

that's that's how it's measured. And we saw that um it was at about a hundred and seventy five equa hash. That's how that's how many computers were plugged into the network and we're processing transactions at the time. Well, when China shut all their network down, we saw the network the hash rate drop all the way down to eighty four eighty four equash so about about in a half. Now, the Big Way network didn't skip a beat. As a matter of fact, it continued to pump out a block

by block by block every ten minutes. Now, you know, some of the some of the transactions slowed down a little bit, maybe you paid a little bit more for a transaction, but it continued to work over and over and over. However, imagine if a big network like Amazon, for example, if half their distribution were shut off overnight, how long would it take them to pick up all their distribution centers, move them across the world, set back up. What type of disruption would happen to the Amazon network?

I mean to be catastrophic? Right, Well, the Bitcoin network didn't skip a beat. And as a matter of fact, not only did it not skip a beat, it's now back up over where it was pre China crackdown. So

now we've seen all the hash power coming back. As a matter of fact, it's increased by a hundred and eight percent since June and then and the Bitcoin networks is is now performing the seven day ruling average of back to a hundred and seventy eight equa hash as of Wednesday, So it's right there where it was um, and I think that is a testament. I mean, it's one of the strong, longest examples that we can see

of the resiliency of the Bitcoin network. So a lot of people can tell you whatever they want about any of the other cryptocurrencies, but none of them have been tested ever like what the Bitcoin network has done over and over and over. So it was the worst attack that you could ever see happen, and and and it hurt the network. Like I said, it caused the hash rate the processing power to drop almost in half. But as of this week, it is back. Baby is back.

And so um, that's what I'm talking about. Is the network growing. Yes, we got more miners to come on board with more computers with more hash power, and we're bigger and stronger than we were before. The network is continuing to grow. It's awesome. So that's that's one big piece that we want to look at. Another big piece that we want to look at is the development on the network. What's happening on the development side, And there's

always big stuff happening there as well. So one of the big things that we see is a lot of people talk about when is cryptocurrency You're going to have more adoption. Or um, you know, cryptocurrency won't take off until it's easier to spend, right, Um, I need it needs to be easier to make transactions. Or um, when can I go to my store? When can I go down to the store and spend my cryptocurrency? I hear these things all the time, right, Well, those days are coming,

and they're coming fast and furious. As a matter of fact, we saw this week coin base announced So coin Bases probably I think it's the largest cryptocurrency exchange in the world. It's a publicly traded company. Um. They announced support for hardware wallet's starting with Ledger. So this is pretty cool. Now, if you've been tuned in each and every week, you hear me talk about security and securing your bitcoin, securing

your cryptocurrency. Now, the oldest problem that mankind has had since the beginning of time, the oldest problem in the world is how do I secure my property in a way that can't be stolen. Well, bitcoin fixed that problem because now I can store my own wealth, I can control my bitcoin, I can store my keys in a way that's cryptographic, is secured, and nobody can take from me. But when I put them onto an exchange like coin Base or any of these other ones. I'm losing custody

of my coins. I'm giving them to coin Base, and that creates something called counterparty risk. When I give it to them, I might not get it back. Well, that's a problem. So I don't like to put my money onto exchanges. I've told you some of my some of my losses, and some of my losses involved putting my money onto exchanges and not being able to get it back off again, it's a big risk. It happens to me.

I've lost a lot of money. I'll tell you more about that story when my court case gets finished up here in a couple of weeks. Um, that's a big problem. And we saw this week that coin Base announced that it's going to support crypto hardware wallets starting with Ledger. All right, this is a really big deal that's going to continue to build the ecosystem. But then there's even bigger news, even bigger news that's going to help with this problem. Like I said, I, well, can I go

to a store and buy things with my crypto? Who even takes crypto? Right? Well, that got solved as well. So I want to tell you about that as well. Remember, we don't want to watch the price on a regular basis, We want to look at the price on a very zoomed out basis. But we do want to watch for on a regular basis is the growth of the network and the development on the network. And I talked about the hashway coming back, and now these two new things that coin Base rolled out, I think is going to

exponentially increase the market share of bitcoin and cryptocurrencies. Can tell you about those two things. By the way, you're listening to the Mark Moa Show, and of course we're if you're just tuning in. We're talking about bitcoin, we're talking about cryptocurrencies. We're talking about the de centralized revolution that we are living through that we're witnessing right now.

But we're talking about the growth of the network and how fast these are grow, right, how fast they're going to be changing the world, how fast adoption will come. Don't go away, I'll be right back. Hey, welcome back. You're listening to the markma Show. We're talking about bitcoin, we're talking about cryptocurrencies, we're talking about the decentralized revolution. Now, before the break, we were talking about kind of what I always talk about, which is stop looking at the

price every day. Uh, anybody's looking at any investment. I don't care what investment it is. If you're looking at on a daily or a weekly or a monthly basis, you're never gonna make it now unless you're a day trader, which I don't recommend. But you know, assets, especially ones that are are revolutionary, that are new, that are life changing, they take time to develop and so you have to give them time. So we don't want to look at the price on a regular basis. What we do want

to be watching out for is the news. We do want to be looking at the growth of the network and the development on the network. Now, I was talking about how um the bitcoin price, even though it's a distraction, is continuing to go higher. Even though it's down a little bit today, it's down at a higher level than it was down a few months ago. So that's that's

called higher lows. That's a good thing. But I was talking about and then I was talking abou how the hash rate for the bitcoin network has gotten back to its previous high before the China ban. That's super super bullish. But I was talking about coin base, which is the largest exchange, the publicly traded company, and now they want to support crypto hardware wallets. So a hardware wallet is a device that's like like a little USB drive treasure

or this one specifically that they started working with. It's called Ledger. So it's a little hardware wallet, like a little USB device, And what it does is it stores my private key. And basically the way that cryptocurrencies work is that I could have there's two addresses. There's imagine like at high school, Um, you have a locker and that locker is like C nineteen and I'm like, hey, my my locker C nineteen and goll put this envelope

in there. So that's my public address, and anybody can go put something in my my locker, but I hold the private key to open that locker. And that's how cryptocurrencies work. So I have a public address, any a public address and a big and send money, but I hold my private key that allows me to open that locker and transfer that money if I want to. And so if I have my money on an exchange like

coin based, then they hold my private key. But if I use a wallet like Ledger, then I hold my private key and I like to use it in a hardware wall like Ledger, because that private key never goes onto an internet connected device. It's on this little USB device. I plug it into my computer to sign the transaction to unlock it, and then I unplug it, so it's

never sitting on the computer. But the problem with coin bases or any exchange is when I give them when I when I put my my my assets on there, I'm giving them my key and there's a chance I don't get them back. Well, coin base now has an extension that allows me to connect my Ledger hardware wallet, so it allows me to maintain self custody, allows me to keep full control over my assets, but still be able to exchange them if I want to. And that

is pretty massive. Now, as I was saying before, the the the oldest problem that man kind has had since beginn time is how do I secure my assets in a way that don't are that that can't be stolen. And that's what cryptocurrency, that's what bitcoin solves. But again, every time I put them onto an exchange, I lose that UM. And so now this is a way where I can hold my own private key, UM, I can still exchange to have to put it on there, and

that is pretty amazing. That's the development that we're talking about now. This is scheduled to be rolled out in the first quarter of two, So don't log into your coin basic account when you when you're listening to me right now, I expect to have it in there. UM. But again, we're trying to pay attention to the development

that's going on, and this is massive development. Um. Coin based claims to have over seventy three million customers globally, over ten thousand institutions, over a hundred and eighty five thousand application developers. And every time I have to transfer my funds on or off of bitcoin or any exchange for that matter, there's risk I could put the number we're in wrong, a hacker could get it, something could happen. And if I never have to give up my private key,

I can hold it. It's pretty amazing. It's a really really big step for someone like coin based to roll out. I'm super bullish on it. But that is not all. That's not all. There's something even more. By the way, if you're just tuning in, you're listening to the Mark Moa show, we're talking about bitcoin. We're talking about cryptocurrencies.

We're talking about the decentralized revolution. We're talking about how the two most important things to watch out for when you're listening to the when you're paying attention to bitcoin and cryptocurrencies is the growth of the network, the users and the development that's happening, and says what we're talking about right now, and on top of the coin base and the Ledger news, there's something even bigger. And as I was saying earlier, one of the big things that

we hear is when is mass adoption gonna come? Like you still can't use cryptocurrencies to buy anything, you know, all these things. As a matter of fact, Christine Legarde, she's used to be ahead of the the i m F, the International Monetary Fund. Now she's head of the ECB, the European Central Bank. She went on the news though a week a week or two ago, and she said cryptocurrencies are not a currency full stop Like okay, like so full stop. So that means like what does that mean?

Full stop? So that means that I can't come back with a response I got that is like a mic drop or whatever. Anyways, she said cryptocurrencies are not a currency full stop well, currency is technically anything that can be used as a medium of exchange. A currency could be anything that could be used as a medium exchange. And you and I, if we're trading goods and services, we can decide what we wanted a medium exchange. It's not for her to tell us. It's not for anyone

to tell us. You and I, if we're doing exchange, we decide what the medium exchanges. So she said it's not a medium exchange, it's not a currency. Well she's wrong, because new news came out this week Ledger talking about Ledger Steel, they have debuted a new debit card that enables users to buy goods and services with their digital assets. What you mean, Christine, the Guard is wrong. It is it can be used a currency, That's what I'm saying.

This potentially opens the doors to wider adoption of crypto payment services. All right. They're calling this the Crypto Life Card, and it was introduced at ledgers UM meeting this week. And basically, when you use this Ledger hardware wallet, so again, this Harbor wallet stores my key and I have like this interface UM that I use it with, and the debit card is linked to this interface it's like a

desktop or mobile application. And then it allows me to use this this wallet in this interface to buy um

or or swap out different cryptocurrencies. And then the card UM this this debit card supports you know, it works in the ecosystem, and it supports um, bitcoin, ethereum and some stable coins all right, and the card holders anyone has the card, has the option of instantly converting their cryptocurrency into fiat for the purpose of spending it, as well as obtaining line of credit using your digital assets as collateral, so you can keep your bitcoin and then

if you want to make a purchase, at the point of purchasing, can automatically converted into Fiat for me, and then I can do that. Also, if I don't want to sell my bitcoin, if I don't want to convert it over, it will instantly give me a loan against

my bitcoin ethereum as collateral, which is pretty cool. So basically UM, I can just use my debic card any where I want, and on top of that, I can deposit my paycheck into this and then I can select which percentage of my income I want converted into Bitcoin, ethereum or stable coins, so I can have my paycheck directly deposit in there, and I say I want fIF in bitcoin, I want and ethereum and the rest I wanted stable coin or whatever. You can automatically do that.

So my, my, my, I'm getting paid in bitcoin that way and direct deposit, and then I have a debit card hooked at that, and then I can spend off of my bitcoin on my stable coin, or I don't have to spend my bitcoin. I can just borrow against my bitcoin to spend right on that. So that means I can go to any store anywhere that the visa card has accepted, which is pretty much everywhere in the world,

and I can spend directly from my bitcoin. So wait, wait, Christine the guard said it's not a currency, Well I share as he can use it now for buying anything I want. So all those people that are telling you it's never going to achieve any market penetration, never gonna achieve adoption because you can't go buy stuff with it,

well they're wrong. Um. This card is set to launch in the first quarter of two So if you're in the United States, Um, actually that's going out to the UK, France, and Germany first, and then it's gonna have a second quarter rollout in the United States. UM, so look forward to the the second quarter of next year in the United States. But there's there's This is just from Ledger. There's plenty of other ones that are available. This is not the

this is not the only one that's available. It was just big news that was out this week that I thought we would talk about, because remember, the two most important things to pay attention to our the growth of the network, how many users are using it, and the development and I think this handles both of those at the exact same time. Um, these payments are going to be a huge use case. You're listening to the Marketma Show.

We're talking about bitcoin. We're talking about cryptocurrencies. We're talking about this decentralized revolution. We're literally witnessing history being made right now. I'm here with you each and every week giving you the news that you need to survive. And I have more coming up right away, So don't go away, all right, everyone, welcome back. You're listening to the Mark Moa Show. We're talking about bitcoin. We're talking about cryptocurrencies.

We're talking about the decentralized revolution that we're all living through. We're all witnessing in real time. It's the biggest opportunity you'll ever have in your life, that it's the biggest opportunity you will have in multiple lifetimes. And the way that you participate in these opportunities is by having information that most people don't have, which is I'm trying to bring to you each and every week. I'm trying to give you the education that you need to learn how

to navigate. I'm trying to give you the news that you need to stay on top of it. And of course I'm trying to make it fun. I'm trying to make it entertaining. I'm trying to bring you some of the best guests, some of the best experts in the world to give you even more perspective. And you know, so you don't get bored up here in my voice all the time. But you know, we've been talking about the growth of the network, the development on the network,

and some things that have been happening. Um, we talked about that before the break. We talked about how we're about to see some massive adoption. We're one of the biggest things, the biggest objections that people have to say is that, um, you know, you can't use bitcoin and cryptocurrencies. I can't use it to buy anything, no stores take it.

Blah blah blah blah blah. Well, Um, what I was talking about before the break is how um a new debit card is coming out where I can have I can choose to have my paycheck deposited directly deposited into my crypto account. I can decide how much I want to go into bitcoin, how much into ethereum, how much in the stable cooin, etcetera. And then I can use my visa debit card anywhere that visas accepted and spend right off my cryptocurrencies. And so that big objection that

everybody says, that's gone. And I think this is gonna be huge for the adoption of the space, which is pretty cool. Now, there is one big problem with this, which you don't hear talked about very often, but I'm was going to give it to you straight here, and that is that people say that, oh, yeah, the government's just going to regulate cryptocurrencies, and my response to that is yeah, they are. As a matter of fact, cryptocurrencies.

Bitcoin is the most regulated asset there is already. It's already all right, Um, the I R S ruled in that bitcoin is considered property and that they tax it like property. So that means that the that means that the I r S taxes bitcoin directly like they would tax stocks or gold or real estate or anything else

like that. UM, and so they're already regulating it. And so the problem with spending your cryptocurrency, your bitcoin or another cryptocurrency is that, because it's property, anytime you sell that cryptocurrency, it's a taxable event. And so if you're gonna go buy a cup of coffee for two bucks or five bucks or however much that a lot take

costs these days, that's a taxable event. And do you really want to go create all these little taxable events for all these little micro purchases and then have to deal with all that paperwork and have your account and deal with all that. For me, I say no. So while it's cool that I can go spend my crypto on anything that I want, UM, I don't really want to do that. I think. I think for me, I like to spend my feat and then I'll save my cryptocurrency.

So that's kind of the way that I focus on that. UM and some other big news that happened this week that I think is important. I've been I've been hit up a bunch on this information, so I thought I talked about it real quickly. Is that, you know, there's this mysterious inventor of cryptocurrency and a lot of people don't know who it is. Who is the inventor of bitcoin? And they say, you know, who is the Setoshi Nakamoto? And until we can figure out who the Toshi guy is,

I can't trust it. And to that I would say, well, can you tell me who the developer of the t c P i P protocol is that the entire Internet is built off of. Can you tell me the name of the top two engineers that worked on the Google search engine that you use every day? And of course, can you tell me who invented you know and whatever? And of course the answer is no. And so I

would say to that it doesn't really matter. But there's somebody by the name of Craig Right, who I hate to even mention because he's such a scammer and a fraudster, but he's been going around to everybody. He's Satoshi Nakamoto, he is the rightful owner of bitcoin, and um, all these things right and Um, it's pretty ridiculous in my mind. Um, if you look at all the things that Setoshi Nakamoto said, so, Um,

there was tons of message boards and and things. There's actually something called the Book of Satoshi where they've collected all the contributions to the message boards that he made of these things and they put it into a book. And if you look at the things that he said, the things that he did, Um, and now you look at this guy Craig right, clearly not the same person. So Nakamoto created the greatest um technological achievement in the history of the world, has created a massive amounts of

wealth and gave it away for free. Gave it away for free. This guy is trying to claim that he is that guy and uh and take it over and take control over it. So so Toca Nakamoto created something open, decentralized, something that nobody can control, and gave it away for free. This guy is trying to pretend that he owns it and he wants to take it over and control it. I think that pretty much goes against everything that it

was started for. But this week, the reason why I bring it up is this week there was a big case in Florida where um, basically, um, this guy Craig Right, and he had another partner and Dave Kleiman and Dave Climon is now deceased, but his family was going after Craig Right and saying that Craig Right owes him a bunch of money that he never paid him, and this and that, and Craig Right it's like, no, that's not true,

and sitting with this his big battle. So Craig Right is fighting a bunch of lawsuits all over the place. He's he's fighting lawsuits. Um, And I think at the end of the day, in my opinion, the reason why he's doing this is that Bitcoin. I talked about this before, but Bitcoin was forked in two thousand seventeen, and so they made a copy of the database and they created bitcoin cash. And if if when Bitcoin was forked into bitcoin cash, anybody that owned Bitcoin now owned one Bitcoin

and one bitcoin cash token. And then when bitcoin cash was forked eventually to bitcoin SV, anyone who owned one bitcoin cash got one Bitcoin SV. Well, Craig Right was one of the founders of bitcoin SV and the original tokens that were locked up from Setoshi Nakamoto that are worth hundreds of billions of dollars um that those tokens have never been used. Those tokens have never been moved because to Toshi is gone, he's disappeared. Nobody has access

to that. Those keys are lost, and so of course everybody says, hey, Craig, right, if you're really a Tocian Lacamoto, then where's your keys? Sign a transaction, prove that you prove that, you prove that you are him. If if you're really him, then you can sign the transaction right,

prove it. And of course he can't do that. But I think what happens is um I talked about in a previous episode how these smaller chains, smaller blockchains, they can be easily taken over if you just get enough hash power, and when you take over the network to take over the blockchain, you can roll back transactions. And I think what he's trying to do. And this is shout out to Stacy Herbert from from Orange Bill Pod with Max Kaiser. She's the one that gave me this thesis.

But I agree with her, and I think what's happening is if he can prove that he is actually or if a court would say that he is a Tocian Kamoto. Um, then he might have the legal grounds to roll back the bitcoin SV chains. The bitcoin SV chain is so small that with just a little bit of hash power, you can roll it backwards, and he could gain access to all those coins that were created because of the

fork of the fork. Now if he did that now without any legal president, without the courts agreeing to that, of course, anybody that holds the big WINSV is going to sue him to eternity. But if he can get the courts to agree, oh yeah, I think, yeah, you probably are Statocian Kamoto, then he could prove a legal claim as to why he should be allowed to do that, and then he could get access to all those tokens, which could be billions of dollars. I think that's his

master plan. But anyway, back to the story at hand. So this week, um, this, this, this went to court and uh in Florida, the judge declared that uh, um no, uh, he doesn't he doesn't win this case. The case didn't question, didn't even consider the question of Satoshi's real identity, and the plaintiff, Ira climon Um was suing on behalf of the brother Dave climbing and basically said that. Um, the court said, know right, you're a fraud, and as a

matter of fact, you owe Climbing now a hundred million dollars. Um, you know, for all the problems that you've caused for them. So the judge actually ruled that this guy, Craig Right, owes the climbing family a hundred million dollars. And now Setoshi Nakamoto, I'm sorry, Craig Right, pretending to be Stoshi, is now coming out saying this was a big success for me. Um, this was great. Um, wait a minute, didn't she just get ordered to pay a hundred million dollars?

But he says, no, this is great because they didn't say that I wasn't Setoshi Nakamoto. So his his scam continues on. UM, I bring this to light only because people have asked me about it. I just want you to be aware that this is just a big scam and I would ignore it from that point forward. UM. So that's the news that we have for the week. You're listening to the Mark Moa show. We're talking about bitcoin, we're talking about cryptocurrencies, we're talking about the decentralized revolution. Um,

I'm here with you each and every week. Thanks so much for listening,