The Mark Moss Show - LIVE from Miami with Bitcoin Zay - podcast episode cover

The Mark Moss Show - LIVE from Miami with Bitcoin Zay

Apr 13, 202237 min
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Episode description

Mark Moss and Isaiah Jackson (aka Bitcoin Zay) are in Miami for the huge Bitcoin Conference and they discuss Zay's new book all about involving the black community in Bitcoin and digital finance.

 

 

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Transcript

Speaker 1

Hey, welcome back to another episode of The Mark Moss Show, where we talk about the intersection of politics, finance, and technology, which of course is bitcoin. We're talking about the decentralized revolution that the world is going through. I am coming to you from South Beach, Miami, Florida. I am here for the Bitcoin two conference. It is going off. We got forty people are expected to be here. Man, it's

growing fast. I am sitting down with Bitcoin's a You can find him on Twitter at bitcoin z z a Y. We're talking with Isaiah. He is the whole, or the author, i should say, of the number one best selling book, Bitcoin and Black America. What's up, a h. We actually met in person for the first time in Miami. I think it was December. Was it December of last year? November? Yeah, we're at Michael Saylor's house having a barbecue. That was

pretty good. That was pretty good. Uh, you're a Scott Milcher, right. I think he's around here around here somewhere. I'm supposed to see him. Haven't seen him yet. Yeah, shout out to Scott. Thanks for the invite. Great speaking with Sailor and everybody. So yeah, that was cool. So it's a bitcoin in Black America. Why you got to write a book on that, because I wanted my community to make sure we're a part of the new digital revolution and we don't miss it the opportunity to build like we

did during the Internet age. I mean, my parents, uh, and a lot of my older relatives, they didn't take the Internet serious and they had the opportunity to build. The nineties just kind of let it pass by. So this time around, bitcoin is going to be mainstream, so the black community has to be involved. That's all it is. And one of the main things in our community that's always been discussed as equal opportunity. What's more equal than bitcoin? More work you put in more, big point, you get

better a life long time. Yeah, so you know I preach the same thing, right Like I've for for a dozen years. I've been researching transfers because two thous I got my butt kicked and I lost all my wealth and I found out all my wealth transferred to somebody else. I didn't like that. So I've been studying these you know, phenomenons of wealth transfers, how they work, what events set set them up obviously, um, and you know volatility of the markets like in two thoight causes it, but also

like new technology, to your point, there's a good opportunity here. Um. And you you mentioned equal opportunity. I mean everyone has the opportunity to jump in and jump in. It's open source, it's permission list. Nobody needs permission, right, so everybody can just jump in and take advantage of it. Um, So it is an equal opportunity for everybody. Um. Do you think that the black community needs like a special invite that, like, I mean, don't we just want to tell everybody that's

equal opportunity to jump in? Uh? I wish it was that way. Theoretically speaking, everybody should just get the message. But practice a lot of times seeing a black face it gets them more open to listening. And it's it's sort of disheartening that people can't just get the information

and get it. But I understand how people work. So what we saw was in two thousand nineteen black community was least likely to use Big one in crypto and then recent pole now we're more likely this year, which I believe over the past few years, a lot of the changes in the economy, COVID, a lot of the market stuff started pushing towards big play more so I realized that's what was needed. And of course long term it's for everybody. So the message is gonna be Yeah,

it doesn't matter about race, religion, social status. But I think these groups that were, you know, basically divided into whatever subsection you put yourself into, they need a good Bitcoin message, not the number go up, get rich tomorrow scheme. So yeah, it's certainly nice to have somebody that you can identify with. You know, I'm I'm. I grew up racing dirt bikes. I love racing dirt bikes, and one

of the best dirt bike racers in the world. James Stewart is a black guy, you know, and uh, you know, once he got in and he he was the best. I mean, he was insane, and you know, then it just I think, you know, other black people, but I said, oh well we can do that too, right and stuff.

So there's some of that. So I get that and no different than any other you know, women, the same thing, right if a woman can do it, like other women are like, oh shoot, if they can do what I can do too, So I guess the same thing there. I can also say to the media, does a good job of the portrayal of the bitcoin community being only white males, and they use that as like a negative.

It's only white white males getting it's even exclusive, the same exclusive club white males a getting rich again and nobody else is in the market, which is um, that is not something that is even remotely close. We have a global market. Uh, And somehow the media message is still the same. It's a bad evil white man taking over again. And yeah, a little uh, a little disheartened thing about that too. So yeah, let's talk about that for a minute. Um, you're listening to the Mark Ma Show.

I'm sitting down with bitcoin z A. I'm talking with Isaiah the author of Bitcoin Black. What was it Bitcoin in Black America? Sorry, Bitcoin in Black America. Um, we're talking about bitcoin. We're at the Bitcoin conference in Miami. But um, let's go back to just you know, the black and white thing or what not even black and white. Just we're in a world today of identity politics and

they're trying to break us down by our identities. So to your point, um, it's uh, you know, white men to your point in bitcoin, but maybe two women is just men in bitcoin. So it's like whatever they can divide. Hey, men versus women, white men versus black men, gay men versus straight men, I mean like religious, non religious, I mean all of that still use the same subsections to divide us up and then there and then they're trying

to break us down to the lowest common that. I'm very well, it's like, well, I'm a woman, who, I'm a black woman, who I'm a gay black woman. Well, I'm like, just keep it, just keep it going, you know. But um, but I like to say that we don't align on identities, relign on values exactly right. You agree with that absolutely, and I think more people need to understand that that is how has always been. It's just on the surface level. People have used those inviders to

put us in the groups. But once you get into groups, you realized, I don't know, agree with these everybody, And yeah, so you have to identify with people. I identify with bitcoinners. That's pretty much it. And we identify with different groups at different times. So I'm a surfer, so sometimes I'm in my surfing group, but I don't agree with everybody in on a surfing group, and I'm there because we align on surfing. And then you know here, I'm in a Bitcoin group and I'm align with these guys in

but I don't align with them on everything. And then later I'm gonna go back and be in a California group. And is that what should be thank for yourself? You don't have to, you know, be a part of the crowd and oh we all agree together and the whole the bubble people put themselves in where everybody agrees, we're here for this, we agree on this. Cool, and then

move on. Yeah. Yeah, do you think uh, I mean, do you think that message has really been getting exaggerated me and really trying to break us down from identities you said? I think you said earlier like that's how it used to be. Uh as far as the identity, well, in my mind, that's how it used to be because I don't see any oppression stopping anybody from anything. Uh. It may be a little harder for you, maybe a little easier for some people, but there's nothing stopping you today.

And I think that's the biggest message people need to get. And the media is constantly trying to tell, uh, tell people why they're oppressed, but why they can't do something, which is the opposite message. You should be giving people. I'm telling people why they can succeed and why you do have equal opportunity. No more excuses. So what you're gonna do now? And uh, I want to shout out to Mark you, but I remember he did a interview

in the two thousands. He said the reason why I have a state of the art locker room with TVs and the best So no more excuses. I don't want to hear. We can win the championship. You have everything. You have the best doctors, you have the best medical staff, everything, So no more excuses. And that's that's where I'm at now. Yeah. So, UM, you have in front of you right there my new book I just wrote with Alex Fetzki. It's called The Uncommunist Manifesto. So we took the Commons Manifesto we wrote

it called the Uncommunist Manifesto. And in the Communis Manifesto Carl Marks um, By the way, if you're listening to check out Uncommunist dot com. We're still in the book launch you can support UM Uncommunist dot com. But in the original Commons Manifesto, Carl Marks talks about UM dividing people by two classes, rich and poor, proletariat and boo UZI I don't know what the definition is of rich and poor, Like, at what point do you cross into

the booze bussie? And then if I happen to fall into that kind of what does that automatically mean I'm an oppressor? Like like, you just worked hard to make a lot of money, you must be person. Yeah, now I gotta be like like, but but at what point, like you know what I mean? Like Biden says, they won't attacks of a four thousand, but if you live in like southern California, four in thousand doesn't go as far as it does in Kansas, for example. Right, So

it's like, uh so dividing, dividing these things. But back to kind of this identity, they break it down and then they make the in in the comin ofesto, they make the oppressed, the proletariat victims. You can't get ahead because of these evil capitalists. You have nothing to offer to the market. They say that the proletariat has nothing to offer but their labor, and their labor won't ever turn into capital. So hey, it's not your fault. You

don't have anything to offer. All you have is your labor, they don't value that, and it's just like victim victim, victim, victim victim, you know, and it's like, so if we don't go take from these guys, then what are you gonna do? And so that's really how they frame that up. Um, you're listening to the Mark mos Show. I'm sitting down

with Isaiah Uh. You can find them on Twitter at Bitcoin's a that z A. Y is the author of the book Bitcoin and Black America, number one best selling book, so you should check it out Bitcoin in Black America. We're coming to you from the Bitcoin conference in Miami about forties thou people are descending here. Um, we got a lot more to dig into with bitcoin Esa when we get back in a second, So do not go away, all right, welcome back. You are listening to the Mark

Moa Show. We're talking about the intersection of politics, finance, and technology, which of course is bitcoin, and it is taking us into the decentralized revolution. The entire world is changing as we speak, right before very eyes. We're talking about before the break, this identity politics. Isaiah Bitcoin's wrote this book, Bitcoin and Black America, and we're talking about

some of this identity politics. Um, and it coincides with this book that I just wrote, which is the Uncommunist Manifesto, because um, Karl Marks in the original Commons Manifesto also kind of started this identity politics if you will. Um, it wasn't black and white, it was rich and poor. But it's kind of the same thing. Um. One of the things that Alex and I addressed in that book

was why is that book? Why is that ideology so attractive? Then? Uh, like you know, it's a hundred and seventy five years and it just like the book won't go away like, um, but it it. Why do you think ideas like identity politics victimhood if you will are so attractive to certain groups of people. Well, it's easier to complain and basically say there's no way out and then say, well, everything is somebody else's fault. It's always easier. It's easier to

be lazy that we just know how that is. That's it exactly, And I've never really seen people work hard and not succeed. It may take a little longer, Like I said before, maybe some people had it easier, but I don't see whether division and classes at division and race how that is the reason why you're not succeeding. That's that's that's market. Uh So, No, granted some people might have it harder than others. We all we're all

dealt with different hands, exactly. Yes, And I think when you see some of the international problems that we've seen in other countries, you start to compare yourself. You're the top ten percent if you have a car in the house, I mean basically the top ten per cent of the world. So it's it really depends on how you look at it. So, um, I think that's easy. That's the low hanging fruit. Just tell people they're victims and you don't have to ever

deal with them trying to succeed. Tell people they can succeed. Now, all of a sudden, you have way more competition and people who are actually confident in their abilities. So a lot of times I think that's being used to suppress people's mindset, which that's really all it takes is a change of mindset to say I want to succeed, and then once you have that, you have generations of people telling them, oh, yeah, you can't succeed anyway, you can't

make it out of here anyway. So yeah, unfortunate, but it does happen. I think that's a big reason that's still going on. Yeah. Yeah, people just like to be that victim. So if we bring this back to bitcoin and back to your book, Um, so you're really encouraging empowering black people, like, hey, this is opportunity. You have any co opportunities permission list, everyone can join, you know, get in, really get this wealth and benefit from that wealth transfer. Um, which I like. So, Um, how's that

been received. It's been It's been pretty good. I have had some pushback from a lot of people who it's unfortunately some people don't want to be free. Yeah, it's too much work. You can show somebody freedom and they'll still say no, simply because they have to put work in. Uh. And unfortunately, we're starting to see people, uh use other reasons why they don't like bitcoin, Like for the first time ever, the environmental things started coming up amongst people

that I've been on book tour and seen. So that maybe just another reason why they don't want to get into it or don't understand it. But it's been well received. I had a book tour nationwide. Um, and I really only have one person argue with me. It was funny. By the end of argument, he already told me that, well, I do own bitcoin, but I just wanted to go back and forth. All right, well, but I have I

have seen it. I have seen the media angling bitcoin where it's you know, to your point you made earlier, just like white you know, old white rich guys kind of thing or whatever. Um do you think if they position it like that, then the black community wouldn't want to adopt it, like, oh, it's for them, Like, we're not gonna do that kind I think that's the play.

The chasm I'm waiting for is the fact that the Democratic Party we vote like in our community, that's the party that's pushing that bitcoin is not available for minorities, or that it's environmental issue, or that is going to cause uh or that is causing inflation, whatever they can use to keep communities out of bitcoin, which is hilarious because if you say you're for the people that voted for you, why don't you push that message? So that chasm is coming soon. There's a lot of black people

who understand that message is intcorrect. We have the information there now, and that's gonna be interesting to see. I think the next primary people are gonna start looking at more people who have pro bitcoin. And it's on both sides of the aisle. So yeah, it's really more about economics at this point. Yeah, we've seen a lot of very prominent black athletes, um come out like heavy pro bitcoin. There was Wrestle of Kong. I think he was like

the big one. He was really pushing in. But here at the bitcoin conference we have Serena Williams, Um, she needs no introduction, and she's in investing into these big wain companies. And then um, what's his name, the other football or the Odell Beckham, Odell Beckham, he's here and so we're starting to see that that's got to be helping. I would imagine a lot. Yeah, definitely with marketing. Uh, people look up to athletes, they look up to entertainers.

When they say it, they listen to them. But one thing I would like to change in the black community is that our quote unquote leaders are just entertainers and people play sports. That's one thing I don't see a lot in other communities. Or is that is that? Is that true? Though? I mean we had a black president, we have a black vice president. I mean exactly, Well that's what I'm talking about what we consist stereotypically, what

we consider the people who influence the youth. And by that I mean it's it's not a lot of businessmen, it's not a lot of authors and economists in the black community that are held that high right right right, the community themselves are looking more up. And that's what I would like to shift, is that real thought leaders and the people changing things are at the top. That's what you're listening to. And then entertainment, sports whatever, they're cool.

But unfortunately for right now, if you know Jay Z or if somebody who's you know, pretty popular community says it, their word is bigger than somebody like myself, which again I've been in the space almost ten years, and uh, you know, some of these famous people are just getting in just now. You don't even know how to explain anything to you. So hopefully that changes, but it is needed because that is where we are right now. People who look at social media and TV all times, so

that's what they look up to. So let's talk about bitcoin a little bit and then back to the tie back to the black community. But um, a lot of times people look at bitcoin and and uh, well you mentioned like um, entertainers and athletes, right, so like, um, it seems like uh, and not specifically black community or any any in identity, but just overall in the United States, we're really starting to like demonize rich people like, oh, Jeff Bezos, he's you know, he's greedy, he's a crook

or Elon Musk or whatever. Right, and we're demon demon is enriched people. But then like in sports, like Lebron James is like the best basketball player or whatever, and like, uh, nobody demonizes Lebron James for being so good at basketball making a bunch of money. So what do you think the difference is, Like, why would somebody demonize, uh, someone

making a lot of money but not someone who dominates. Similarly, but in sports, I think it's the thought process that the rich should be giving back to whoever whoever doesn't have it. It's this thought process. I think the media's brain watched people into thinking that the wealth someone else has should be redistributed, much like the communist original Communist Manifesto was saying, and that if it isn't that they're evil, people do in reality the money. You know, what about

Lebron James, he's super rich. Oh yeah, yeah, and I don't get I mean, people like it because I think they think he deserves it because he's the best of what he does. But they don't look at Jeff bezos Hays, the Lebron James for his industry or other CEOs as the Lebron James. They don't know how much work they

put in in order to get to that point. Uh. They see him on TV, and I think that's more of the differences that oh, he's on TV, he's famous, he should have this money, and then when somebody else achieves something gets to billion their status, Uh, they usually thinks himself, well, you had to step on somebody to get there, or you had to do something the furious Unfortunately, you know, I hope that's not people stop for us

this long term. But I think the rich have always been looked at, is hated because a lot of the Communist Manifesto has been pushed that thought process throughout education system. I always hate the rich, even if you become one of them. Uh, even if you become rich, people are apologizing unless unless you're Jay Z or your Lebron James, then they're not hated. And Jay Z is a billionaire. No one's hating him over it. People like you, Yeah, yeah, I well, you know, one is like you said, looked

up to um. One is not right, one is more famous, one is not. One drives culture, one doesn't. I have my own ideas about that. I'll tell you what I think about it that in a minute, and we'll bring it back to bitcoin, because I think it's an important

piece that I think bitcoin can fix. And like a lot of other things, you're listening to the Markma Show, I am sitting down with Isaiah bitcoin zas the author of Bitcoin and Black America, and we are coming to you from Miami Beach, Florida right now for the Bitcoin Conference. About forty thou people coming into town for this. It is growing fast. We talked about early on if you're with us, Isaiah was talking about how this is a big opportunity for black of my it's a big opportunity

for everybody. UM. And it is still early, so you haven't missed your chance. Um, if you haven't bought some bitcoin, I have five dollars worth. Buy five dollars worth. You're gonna spend more than that on lunch. Get in, but don't go away. We'll be right back with more. All right, welcome back. You are listening to the Mark Mo Show. We're talking about bitcoin. We're talking about the decentralized revolution that is happening all across the world as we speak.

It's literally changing the world before varies. I'm coming to you from Miami Beach from the Bitcoin Conference two and I'm sitting down with Isaiah we're talking with he's on Twitter at Bitcoin's a author of Bitcoin and Black America. And before the break, we're kind of talking about it's a big opportunity for Black America. That's that's his book is about. It's a big opportunity for everybody. Um, And

we're talking about some some of this identity politics. It's really separated the black community, but to separate everybody's sexes and races and genders and preferences and all that today. Um, but I was asking you, you know, uh, we're talking about, um, why why you might look at Lebron James being so good and uh and so rich and nobody demonizes him. But if Jeff Bezos or Elon Musk gets rich, then people dominates them. And I've I've thought about this quite

a bit, and I was thinking. It's that people view the rules of basketball are fair. The rules of basketball are fair, but everybody knows the rules of the financial system are not fair. I know that for Lebron James to be the best basketball player, he's played by the same rules and guidelines as every other player. But I look at these rich people in the financial system and they have not played by the same rules. Now, um, we're all we're all dealt with different hands. Lebron James

is genetically gonna. I'll never compete with him. I'm not as dull as him. Yeah, you know. I mean I'll never compete with him. Nor did I have parents like he had. And his parents probably gave him good genetics, and they probably pushed him from a young age, and he's probably played, know, worked really hard his whole life. I didn't have that. My parents didn't teach me. My dad doesn't play basketball. He didn't teach me how to play. My parents didn't push me to do that. So I

didn't have the same opportunity as him. Um, but I could have. I mean, I still could have gone and play basketball. I mean, there were kids in my neighborhood playing, white kids playing basketball. I could have done it, but I didn't. But I don't view that as wrong because we played by the same rules. And so what do you think about that? Oh? Yeah, well I didn't agree with that. Like you said, people look at the financial

system think it's unfair in different spots. You look at basketball, football, baseball, whatever, professional sports, they all play the same rules. So yeah, I didn't agree with that. And I also think, uh, anything that you're blessed with, like Lebron's ability, you know, size, uh people, you know, anybody in the sports industry usually blessed that way. Use what you have to get what

you want. And I think that's what people are misconstrolling with the financial side, is people were using what they had to get what they want. Um, they just didn't play by the same set of rules. Yeah, and if you look at basketball. Again, I'm not a basketball player,

so but I still have the analogy. But like you have like a big player like Lebron and maybe a little player like Curry, and they're totally different, but they still have to abide by the same set of rules, but the way they approached the game is different because of their strengths and weaknesses they have. Even though the rules are set, whereas in the financial system the rules. The rules get changed today and so well, I will say with Steph, I grew up with Stephan Charlotte, playing

basketball with him. I think I'm the last person to beat him a three point Oh that's a big claim. It's true. I beat him at his dad's camp. Uh. But I will say about him is the advantage he had was his dad playing NBA, So his dad knew exactly what workouts to do for him and his brother to be better than people who were small, you know, other smaller guards. So they have sent it past everybody else. So he used what you have, used what you have

to get where you're at. Because Lebron didn't have any parents that playing the NBA, but he had the size advantage. That's the thing. Yeah. The other thing I think about two is that is that Alex Fetzki and my co author of the book on Communist Manifesto again check it out on commons dot com um. He says that if we either have a fair rules and an unequal outcome,

or we have unequal rules and an equal outcome. So if you want, if everyone has pushing equality in order to get equality, then we have to treat people differently, because if we treat everybody the same, then we get unequal, which is how supposed to be. I mean, everybody should have the equal opportunity, but there is no guarantee that you're going to succeed. There's no guarantee that what you do is gonna make sense. And you're right, you have

to treat people differently. And what that ends up doing is you have people like, for example, I've literally had white people tell me I'm oppressed and I'm looking at them like, no, I'm not. That's kind of what I had to get out of California. It's too many people that just feel sorry for you just because of my race. And that's the thing is like, now you have to treat people like well, just because of this something, this must be happening, and that's where you start getting into

Actually that is more biggoted than the other way. Treat everybody the same and whatever the outcome is is it's up to the individual person. So uh, you know, people don't want to take responsibility for their actions. Accountability is a huge issue in today's age. So yeah, that that is how it works, and that's how it should as far as The other thing though, too, is that if everybody wants to quality, so they see Jeff Bezos or whatever, and he's super rich, and like, why does he have

all that money? Like he should give me some of that money? We should share equally. Well, um, Jeff Bezos, I'm guessing. I don't know, but I'm guessing he probably worked eighty hours a week for twenty years straight. So does everybody? Should everybody equally have to work eighty hour week for twenty years? Because I don't want to do that exactly, Most people don't. I don't want to do that. So like people think, well, equally, we should have the same money, but equally, do you want to work as

hard as he did? Yeah? No, most people don't. And that's the that's the bad part is people just see the end result. They don't see all the long nights, you know, all the times may almost want bankrupt, or the idea was bad. They don't see all of that, see the result and say, will how can how can I get some of that? The funny thing is people will complain about it and stuff Amazon account, Yeah you're

the one funding this, Yeah you know. I just think if you really do have a problem with billionaires stop using their products. Yeah, that's your protests, so to say, yeah, but but but yeah, you just equally I don't want to work out hard. And even back to the basketball analogy, I mean, how much has Lebron you know, sweated and played his whole life. I don't want to do that. I have friends that have moved down to Central America

El salvad Or, Nicaragua. They live on the beach in a hammock, and they fish and they serve all day and they're perfectly happy with that. Why should they be forced to go work eighty hour weeks for twenty weeks. They shouldn't. They shouldn't, And if you don't want to, then don't expect the same. Alcolm. Yeah, it's very simple. It's simple. It's simple, and so I think that's bringing

it back to bitcoin. And so that's the advantage. So if if we can, if we can be okay with sports guys being better, more skill, more fame, more money, because we view it as fair rules. If we can bring fairness back to the financial rules, maybe we can actually start to celebrate success again. Exactly. Yes, And I think you think bitcoins are way more fair system. Absolutely protocol is built every everybody can view it. As you said, permission lists, open source, and uh, you get rewarded for

your time. That's the biggest thing I like. I like about bitcoin is the time you put in for work. You're rewarded as the value of bitcoin grows over time. And I think that, what do you mean just like in its savings, Yes, as a saving account, So you're rewarded for the work that you put in. Whereas with inflation, you can work really hard for thirty years and your money has been constantly stolen from you over that time.

The bitcoin over the next thirty years, all of the work you put in to get bitcoin will reward you for your time. And you know, some people could have the saving because of a sixty year old at twenty years old right now, just because they decided to accept bitcoin instead. So it rewards you for your time. And it basically keeps in line with the ethos that people that work and put in the work should be rewarded as we all use the same system, which is reversed

right now. You actually punished being a worker right now with inflation, hot taxes and things like that. Yeah, if you think about that, um, you know, the division of labor allowed me to be really good at one thing, and you'd be really good at another thing, and then we trade. And if I could be really good at one thing, then I should I'm gonna cure cancer, for example, right, and I I should be able to focus just on curing cancer.

But because our money system is so inflation or it's literally stealing the value from us, and so rather than me being the best brain surgeon or best you know, curring cancer, um, I have to be part time that and part time investor. And if I do two things, I'm not really good at either one. And so no, half my time is spent trying to invest just so

I don't lose my savings that melting ice cube. And if you think about it like that, like think about all the brain power that's just been sucked out of the world, Like how much more advancement could we have gotten if people could just be a brain surgeon as opposed to being an investor. And and even to your point, I mean people that are working that you just made the point, like you know, people work twenty years and they save their money and at the end it's not

worth anything. This is it's crazy and now we're in the gig economy. Nobody does one thing anymore, right, I mean, I don't think anybody under twenty five has one single job that they do. They have side hustles or things that they do to make extra money. But you're right, when inflation comes, you've got to get back on the hampster wheel and keep it going. Yeah. Yeah, So if you'll be able to just save your money now you don't have to be this this forced investor, which is

definitely gonna change things as well. You're listening to the markma Show. We're talking about bitcoin. If you haven't caught on already, we're talking about the decentralized revolution that's changing the world as we speak, and we're coming to you from Miami for the Bitcoin two Conference. I am sitting down with Isaiah you can find them on Twitter at bitcoin z as, the author of one of the best

selling books for Bitcoin and Black America. We're gonna be right back with more, so don't go away, all right, Welcome back. You are listening to the Markmas Show. We're talking about bitcoin and the decentralized revolution that is changing the world right now. I'm sitting in Miami for the Bitcoin Conference two, and uh, it's big. It's a big deal. It's been amazing to see it rise. And uh uh a couple of years ago it was like a few

thousand people. Last year's like fifteen thousand people. This year's like forty people. It's amazing. It's a movement. It's growing, but it's still not too late. I'm sitting down with Isaiah. You can find them on Twitter at bitcoin z is the author of Bitcoin Black America, and he is trying to help bring more people into the space by helping people understand it's permissionless. It's an equal opportunity for everybody.

Everybody has an opportunity. Now, Um, we're talking about um, before the break, we're kind of using this kind of football Um sorry but basketball analogy with the rich and the poor and whatever, and we're talking about how there

was a fair set of rules. Maybe people would like that system better, which of course they would, um, but a lot of people would still say that bitcoin is unfair because, um, you have the ability to buy a bunch of bitcoin right now, and what about the poor people that won't know about bitcoin in a year for a year or two from now? What do you have to say about that. Oh yeah, well, the fairness of bitcoin doesn't come from how much you own, It comes

from the notes. The decentralization of bitcoin is that nobody can change the rules. So if we all have the same set of rules, everybody starts at different places, and the accumulation of bitcoin can be You can be richer than somebody and only buy a hundred bucks worth, but you can also have less money and dollar cost average over time and far outdo how much bitcoins in one has. So just because people start at a certain place doesn't

mean that it's unfair. That people are buying as much as possible and the rules can't be changed because you have more bitcoin, that's the system. Where now big piece, that's the huge piece. You have more money, you have more influence, you can get you know, super PACs, you can get uh lobbyists to change the rules and get more money for yourself. Can't do that in a biitcoin, right, no matter how much they own. Yeah, that's a big piece.

So unlike Bitcoin, the other fifteen thousand or whatever all coins cryptocurrencies that are out there, most of most of those, the big majority um run a different algorithm called proof of steak um, and so whoever has the most tokens can stake them and they get the votes and they can do whatever they want with the network. And the point that you're making is that with bitcoin you don't have that ability. So just because you may own a bunch of bitcoin doesn't mean you have any more influence

control over network anybody else. So yeah, Elon can't change the rules anymore than I can. And he's rich man, and you know, so that's the good thing. And I still can't unsee. POS always looks like piece of ship, but it also describes the system. Are you're doing is a digital version of what we already have. And uh, you're you're putting lipstick on a pig by saying yeah, a proof of steak is great for the environment, is faster,

we can get more done. But what they don't tell you is again the control is given up as soon as you have a set of validators or a group of people that have more money. Yeah. Yeah, And and that goes back to the basket basketball analogy. And so it's fair because the rules are fixed, and so in a POS system, they can change the rules if they have more votes. And so then we're back to a situation like you said, just like what we have now

with the Federal Reserve. Yeah. I mean, if the monetary policy is constantly changing, you don't have a monetary policy. Because at this point the eighteen or whatever thousand cryptos, most are going towards proof of steak so they can keep control. It's really hard for people to unlearn the idea that because I have more money, I should have more Say, that's not how it should be. It should be set of rules, fair for everybody, and then from

there do whatever work in that system. Yeah, yeah, exactly, which is one of the reasons why the proof of work which bigcoin runs on a proof of work consensus that we're talking about, and um, that's one of the reasons why I believe that it's being attacked right now, like they're trying to discredit anyway they can, because they realize, well, shoot, we can't control that. We need to keep it in a system we can't control. Oh yeah, yeah, and we

see that constantly. Uh. You know, with the dose coin, Hype and with some of these other coins hype you would look at the wallets and then somebody would hold fIF the tokens. Well, I wonder what they're gonna do. You know, so I think people who think people mistake is better, Uh, do not be fooled by you know, what's shining that. It seems good, it seems like it's great right now, but it's sort of like the tortoise in the Hare. Hare runs fast, but it will run

out of energy. Way quicker toward us is bigcoin. Just keep going steady, never gonna stop. So yeah, we'll end up winning the race. But again that's that's how it should be viewed. Yeah, jumping jumping back. I mean your book obviously helping you know, bring what we call no coiners and people who don't own ay coins trying to turn these no corners into you know, buying it, believing it in etcetera. I was talking with uh with shout out to Luke. He helps me with some of my

research on my videos. UM we're talking the other day and he was talking about what do you think is the best way to orange bill people, which we say orange pill, which means you know, introduced him to bitcoin or convinced them to buy bitcoin over whatever you want to call it. And Alex Fetzki, my co author of that book, UM, the Uncommunist manifesto, which is on Kickstarter right now. Another shameless plug. Check it out at Uncommunist

dot com. It's on Kickstarter right now. Um. But he he gave some He gave a talk at Unconfiscatable recently and he said that we don't need mass adoption because the masses are always wrong. And uh, he said, the masses will, they'll come eventually, but they'll come when they don't have to think about it, just because everybody else is doing it. And so back to the question to Luke asked me, is like, how do we how do we orange bill people? And uh, how do we introduce

to bitcoin? How do we convince them? Because most people don't understand what money is. And if you don't know what money is and why it's broken, then it's very hard to understand why you might need an alternative. Um and I and I said, well, you know the majority of people, and it's some alarming number. I want to say. It's like people don't have four hundred bucks for an emergency expense. And I said, those people, they probably don't

need to worry about bitcoin. They need to figure out how to get more than four hundred bucks in their bankccount exactly. What's your opinion on that. Oh yeah, I've said that to people plenty of times. If you don't have the money to enter to the market, get a second job, you know how to make more money or what to do with that money so that you can

use it for a bitcoin. I mean, you can't buy a dollar worth a bitcoin five dollars worth, which is fine, But for most people who are in that situation, what I remind them is, um, at a certain point, you won't have a choice. And I think that's what people don't understand is, like you said, mainstream always follows later, just like now, the Internet used to be a choice. You can choose these internet and be fine without it. People did it for years, but at this point you

can't live without it. Yeah, imagine, I mean, can people go to people's house if you don't have WiFi? Like, what's wrong? I think that's pretty much I was going to be with bigcoin of crypto because some people will take that route, but and the and that's eventually the masses will come exactly and they always come late. Yeah. I was using this example and this when I have some maybe contrary and takes on income inequality, but I could say that income in equality is actually a good thing.

And and the reason why is, let's say in the nineteen eighties, the rich people on Wall Street needed a cell phone that there was no cell phone, and they probably spent fifty dollars for this big old brick. But because they needed it. I didn't need it at the time, but they needed it, and they had the money for it, they were able to buy that. And then that they

were able to invent that technology for them. And then eventually he got down to twenty, and then the ten thousand, and then the one thousand, and has more people got it, got cheaper, cheaper, cheaper, and eventually now everybody has a phone. And if it wasn't for them they having more income than everybody else and more of a need for it, we never would have had then then the average but then of course America, being a rich country, got it. And then after America got it, then now everyone in

Africa has it. And so you kind of need that income in equality gap. And and and that also come to your point. My my my first cell phone I think was like or nineteen ninety six or something like that, and it didn't even have not it didn't even have letters that just had numbers on at this big old whip antenna. And when I first got it, I was doing a real estate investing in southern California, and so I need a phone if I was out on the

job set or whatever. But like I never even carried it with me because I didn't know anyone else that had a phone. Yeah, right, and and so like I didn't have to run around somewhere. You need a phone, You need a phone. Adoption, adoption, get a phone. Get Like I didn't have to do that. Like eventually, just now you can't go without a phone. Yeah, and I

think that will be the same. You can't live without a big point while at a certain point or at least putting his savings in there or at least interacting with the technology. It's going to be as a part of our lives as anything else. Yeah, So so real quickly and in a short spurt, Like what's the best way to get involved? Then? For the people that are kind of on the fence here, well, I would say,

first thing is education. Um, you have to, in my opinion, you got to put in at least a hundred hours to be considered a new because it's such a deep rabbit hole. It goes in history, politics, cryptography, math. I mean, it's so much that goes into it. You can't understand this industry unless you put the time in. So first thing is you have to put in the work. The second thing is meet network, go to conferences with people who have the answers, because I know some people that

are you know, right on the cusp. I've seen it a lot on my book tour. They had one question and I answered it on the book tour and they instantly bought Big Point after it. But they said nobody else could answer it before. So go to meet ups. You always usually meet somebody that has the answers that you're looking for. So put in the work. Um, go to meetups, meet people, and then lastly get some skin in the game. Nothing makes you study study it more

on when your money is at stakes. That's what I've always encouraged people don't just study it without entering the market. No, No, by a little bit, see how it works. Uh, send and received tw different wallets. That's how you get involved. Cool man. When you're listening to the Mark Moas show, we're talking about bitcoin and the decentralized revolution. I'm sitting down with Isaiah. You can find him on Twitter at bitcoin's a check out his number one bestseller book, Bitcoin

and Black America. And that's what I got for you today. Thanks so much for listening.

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