Hello, Welcome to another episode of The Markma Show, where we talk about bitcoin, we talk about cryptocurrencies, we talk about the decentralized revolution that we're living through that we're witnessing right now, and it's apparent from a bunch of different standpoints. It's apparent where we can see the centralization of governments, the centralization of money, the centralation of healthcare, all of that at an all time I and at
the same time an equal and opposite reaction. It's being pushed back, it's being rejected everywhere, and we're seeing how centralized finances somewhat under attack from decentralized finance, except for it's more like centralized finances actually attacking the decentralized finance right now. I've been talking a lot about that UM
in some previous segments. I'm not gonna go super deep into it, but we can see that this supposed decentralized finances defied spaces under attack and potentially bringing down not just the cryptocurrency space, but a lot of the traditional finance space at all. But of course it's a traditional finance space that it's attacking it. UM, And there's just so much going on here UM because of this, Uh,
we'll call it a meltdown almost if you will. I mean, we see some of these cryptocurrency positions are down fifty sixty most of the defied protocols are down over eight percent, and then of course the bitcoin miners, UM, the exchanges like coin base are getting completely hammered. We saw this week. UM lots of earning reports have been coming out from all different types of companies and they're not looking good.
Most companies are losing lots of money, and one of them in the cryptocurrency spaces coin Base now coin base coin bas is one of the largest exchanges, one of the oldest exchanges. They've been helping people get into bitcoin since I think about twenty sixteen, maybe earlier. If I'm wrong, so apologizes I didn't look that up ahead of time. But they've been around a long time and they've helped millions and millions and millions of people get into bitcoin.
Of course, over the years, they started get into all the different cryptocurrency assets that are out there, and they're not really the biggest friends of bitcoin to say the least, which is why I typically like to UM send my bitcoin business over to Swan Bitcoin or River or companies
that are more friendly just specifically to bitcoin. But coin Base has moved into this kind of cryptocurrency casino, if you will, and they have been hit very, very hard, I believe partially because they have a massive amount of their money in those cryptocurrencies, as well as as prices have been continuing to fall. We basically have been off
of our high since last November. UM as the market has been continuing to fall, people don't want to buy as much, and they make their money from transactions from exchanges, and if people aren't doing that, they're not making much money. We saw we saw that the founder, the CEO s net worth has dropped from about almost fourteen billion in November of last year down to about two and a half billion today two point two billion today, which UM
two point two billions. Still a lot of money. I'm sure each of us would be happy to have that amount of money, but you know, you don't understand his whole situation, and losing that much could be bad, especially if you were levered up against that using debt at all, which I don't know if he was. I'm not using that speculation, but it seems like the hits on coin Base just continue to just continue to mount up on it. Now.
Coin Base is a publicly traded company. It's called coin c O I N. And part of their reports that they put out are, you know, obviously on their financials um explaining how they lost all their revenues. It wasn't too good, but some of the other parts that came out in their reports were much more alarming, to say the least. Now in bitcoin and probably in greater crypto you might hear as well, but we say, um in bitcoin,
not your keys, not your coins. So what does that mean? Well, if you don't have your keys, then somebody else does. And I mean somebody else has the keys? Who your own coins? Which means if you don't have the keys, you don't really have the coins. Whoever has the keys does um. And this is uh the information that came out on coin base in regards to that specifically, it's
pretty bad, it's pretty scary. It's been making big ripples around the cryptocurrency space, and I want to bring it to you because it is dangerous and you need to know about it now to kind of frame this up. If you don't know what I'm talking about, what the heck are keys I'm gonna give you a super high level view. Okay, Um, I'm not gonna spend a lot of time. There's a lot of channels and podcasts and shows that go in more depth into this. But let's
think about it like this. The oldest problem that mankind has had is how do I secure my property in a way that can't be stolen. That's the oldest problem that I know of. I guess where do I get food? That's probably an older problem, But one of the oldest problem that my kind has ad is how do I keep my food that I've stored up from being stolen? How do I protect my property from being stolen? And so, of course we we band together. You know, a couple
of guys get together. We make a village, we make a kingdom, we make a country. The role of United States is to protect the private property of its citizens. That's always the role. And so money has been the best store I'm sorry, gold has been the best storehold of wealth for thousands of thousands of years. And so we'd store our wealth in gold a little bit. We could bury it in that hide and the house, we could bury it in the in the yard, make a make a make a treasure map out to where we
stash that gold. If we had a lot of gold, we might want to build a vault, um, build walls around it, higher security things like that. I've just spent a lot of time, effort, energy and money to secure that wealth, and then how would I move it? Right? It's very difficult. So that's one of the oldest problems that mankind has had, protecting my private property. Will bitcoins solve that problem? Now? How big will bitcoin be in the future, I don't know, But when you solve the
oldest problem that mankind has had, it's pretty massive. It's a pretty big deal. I don't know all the ways it's gonna affect things. I have a lot of ideas about that I talked about pretty regularly. But how does it do that? Well, it's or it protects it cryptographically using cryptography. It protects it and as long as I have my cryptographic key that allows me to transact with it, then I can do what I want. Think about bitcoin
as like this digital locker system. So you have a locker at the high school or the train station, airport, and in that locker you have a public address my locker c. Nineteen Hey, would you go put this envelope in my locker C. Nineteen That would be my public address. Well, then I also have a key, my private key, that allows me to get in that locker and move the contents.
So what you have with bitcoin or cryptocurrency is you have a public address and a private key, and having my private key allows me to have access to move those coins as I see fit. You never actually download them, they're living up there in the cloud. You just have that cryptographic key. Now, if you use a wallet on your phone, like an app wallet or hardware wallet, what those do is they store that key, and so by using my app it uses my key to to do
the transaction. Or if I use a hard wall and I can plug it into my computer to sign that transaction and then I can do whatever transfer I want from there. The problem is if I use someone like coin base, my coins are on coin Base, and what that means is they have my keys, and so we say not your key is not your coin. If I don't have my key, somebody else has it. Now the problem is, well, there's there's there's pros and cons. So if I have my own, then um, the securities on me.
If someone hacks my phone or I lose my key, that's on me. But if coin base does it, they can protect my key. But what if they decide not to give it back to me. What if the government says freeze that account? What if something like that happens. Well, um, if news came out disclosure came out today that it says uh in their disclosure says quote in the event of a bankruptcy customers. Um. Moreover, because custodio held cryptastics may be considered to be the property of a bankruptcy estate.
In the event of a bankruptcy, the cryptiastics we hold in custody on behalf of our customers could be subject to bankruptcy proceedings, and such customers could be treated as our general unsecured creditors. So what that means is that if they were to go through some sort of a bankruptcy type proceeding, then your assets that you think are your assets aren't actually yours. The assets that you think
are yours are there's they owe them to you. But in a bankruptcy proceeding they would be included in their sale and what you would get would be nothing. So if the government says, hey, freeze those assets. Hey, they don't allow them to withdraw anymore. Um, something like that would happen, or they'd get into financial problems like not having any revenue, being down something like that, and they were forced into a bankruptcy. They could potentially take your assets.
So as we say, not your keys, not your coin. Get your bitcoin off the exchange right now. UM. You can use a hardware wallet. I'd like to use treads or it's probably the easiest one. Cold card is probably the most secure one. You can use one of those, or you could use a UM constant years multi sticks set up like I used with unchained capital. That's what I'd recommend. But whatever you do, get your bitcoin off the exchanges. We've just found out that per coin bases
own UM statement. In the evident of bankruptcy, you could lose all your bitcoin. You're listening to the Markmas Show. We're talking about bitcoin, cryptocurrencies and the decentralized revolution, trying to help you navigate this world that we're going through right now. I have a lot more news about the world, the financial system and the risk that we are facing right now. So don't go away. I'll be right back, all right, welcome back. You are listening to another episode
of the Markmas Show. We're talking about bitcoin, we're talking about cryptocurrencies. We're talking about the decentralized revolution, and we focus on the changes that it's making too the world. So you can navigate this correctly and really like to look at um you know these three cycles that I talked about all the time, and it's the intersection of politics, finance, and technology. The converging of those three things is really
where the change is happening. So I let's look at like politics as relates to finance, and finances relates to politics, and off course we look at technology, which of course to me is bitcoin and cryptocurrencies. And so um man, there's some stuff going on today. Um we we saw this week the government put out its new numbers on inflation. It's trying to get a handle on inflation as fast as they can. That means the way they call it is they're trying to get a handled on prices going up.
The cost of goods and services is going up so fast that it's causing a real problem for people. And uh hooray they got it to slow down a little bit. We went from an eight percent increase of inflation or CPI or price inflation to eight point five and now back down to eight point three. Doesn't mean prices are reversing. What it means is that things are just going up a tad bit slower than they were before. Now what
is the government? What is it, you know, as central bank, the Federal Reserve doing to try to slow down this price appreciation while they're trying to slow down the financial markets. So the Federal Reserve has been stimulating the financial markets by doing two things. One by by bonds, by buying mortgage by securities, so propping up the debt markets. And two by lowering interest rates so people continue to borrow more and spend more money or creates more money into
existence through that debt. Now, what they're trying to do is they're trying to raise the interest rates because as they raise the interest rates, less money is created. Right Well, that's what they're telling you. And so your financial portfolios, your retirement accounts are melting down right now because the government is trying to suck some of the stimulus out that they put in. I mean, this is just absurd.
So they pump a bunch of money in by lowering rates, so people take on a bunch of debt and literally pumping money in the markets by buying debt, and then it starts going too hot, so they suck it back out, so they cause boom bust, boom bust. They lower rates and buy the debt, push it up, and they raise rates, and they suck the debt back out and they trying
to drop it back down. The problem is these boom and bust cycles keep getting bigger and bigger and bigger, and now they're causing the entire markets to melt down. You're watching your retirement accounts dwindle away. You're watching, um, everything including your DeFi protocol is dropping. We're watching most cryptocurrencies down, even bitcoins down in the last week. UM.
All those numbers were in the last week. And just when we think that it couldn't get worse, UM, when the government seemingly doesn't have any money or doesn't want to continue to push inflation by creating more money, UM, we can't deal with the problems that we even have in the United States, and so now we have all types of shortage things like that. We have the FEDS trying to do or the government trying to send forty billion dollars to Ukraine. What the heck does that mean?
Pretty interesting story that I was reading here this week talking about how Congress refuses to address our own crisiss we have in the States. Um, but yet we want to send more money to Ukraine. As a matter of fact, Um, they had only asked for the President Joe Biden only asked for thirty three billion. Now when I say, only to put that into perspective, we throw around billions and trillions like it's nothing anymore. It's insane. We lose sight of how big that is. If we put those numbers
into seconds. A million seconds was eleven days ago, a billion seconds it was thirty one years ago, so from eleven days to thirty one years and seconds. But a trillion seconds is thirty one thousand years. So a billion is thirty one years, a trillions thirty one thousand years. So to put that into perspective, they had only asked president, but only asked for thirty three million. But that wasn't enough. The U. S. House of Representatives said no, let's actually
give them more. Let's give them forty billion in US taxpayer dollars to Ukraine. Because you know taxpayers, us taxpayers, they're having a great time. I mean, shoot, your cost of living is going down, right, No, your cost of living is going up. So why not just raise taxes to the by administration? Of course, raised taxes and let's
just send that money to Ukraine. Sounds like a pretty good deal now, never mind the problems that we have here at home, Like the Department of Homeland Security admitted that they've let almost one million illegal aliens in through the southern border this year. Now, when, uh, when we tried to get four billion dollars to build the wall up down there to protect this invasion of a million people coming in the southern border, we couldn't find four
billion dollars in the budget. But now we can find forty billion dollars to go help another country with their border. Pretty interesting. Um, never mind record inflation, never mind federal deficits, um, never minded the AVAPT. Now this bill was quickly sent over there. Um. I'm not blaming it on one party or the or the other. It seems to be, um, a unanimous decision to send all this money over there. Question I like to have is like where does that
money go? Pretty interesting? And that's what I want to want to talk about for a minute, where does that money go? Forty billion dollars sounds pretty good. UM, So it's hr the Ukraine Emergency Supplemental Appropriations Act. Forty billion dollars. How much of that goes into Zelensky's pocket? Now, Zelenski, Uh, you may or may not be aware. First of all, Um, I'm not pro putin, I'm not pro war, I'm not pro death. I like peace. But Ukraine is not a
peaceful democracy either. They were ranked ninety on a scale of uh in um in a rating of how corrupt they are. UM. Zelensky was an actor who came to power by putting his democratically elected people in prison and taking over power our Um. So, just just so you know that, and so we want to give them all this money. Let's take a look at where this goes. So we have, UM, let's see, we have sixty seventeen billion for Department of Defense Operation and maintenance, one million
for army missiles. We have another another billion, another million for defense working capital funds, fourteen million for defense health programs, fifty four million for c d C activities. Uh. I want to make sure nobody gets COVID over there. I suppose we have a billion for administration. That sounds pretty good, UM ten million for Department of State Capital Investment funds. I guess we need to invest into that. I mean, it's just insane. We have forty billion dollars that's going
into this giant black hall to all their friends. And so just remember that when they talk about UM they need to destroy the markets to prevent prices from going up, and then they just want to send a billion dollars over there to U crane UM. Learn to read between the lines. And of course I would recommend uh, if you're not happy with that, If you object with your taxpayer dollars going into that like I do, UH, maybe you should do something about it. You could talk about it.
You could write your local congressmend your representatives, and let them know how you feel about that. This is not a right or left position, in my opinion, this is an American taxpayer position. I want to know where the heck does my forty billion dollars go? And I can tell you that I object to where that money is going. So I thought you would just like to see where some of that crazy amount went. UM for additional funds
for munitionance procurement. I mean, I could just go on and on and on air four billion for foreign military financing programs. UM. Anyway, you listen to the Markmas Show. We're talking about UM, this decentralized revolution. This is part of the world breaking apart um, the the centralization of the world breaking apart of course, the United States is taking money that we should be using our own country and given to other countries to further break this down.
It's pretty and interesting to watch. UM you listen to the Markmas Show. I have a lot more to cover, so do not go away, all right, welcome back here, listening to the Mark ma Show. We're talking about bitcoin. We're talking about the decentralized revolution. We're talking about UM, the intersection of politics, finance and technology, trying to navigate this crazy world and make sense of it both financially. And what I like to I like to focus on
is UM what I call financial sovereignty. And so really it's about money and it's about sovereignty UM, which you can call freedom. I call sovereignty being able to direct my life as I see fit. And so we use money to give us that freedom. And so I like to look at things holistically so I can learn to navigate this, protect myself my family from it. Some of the things that's been interesting, UM paying attention to UM.
That's really been catching my eye all lately, and I've talked about quite a bit, is UM the way the entire world has been shaken up by Elon Musk's and his bid or his plan and to take over Twitter. Now it's interesting because as Twitter moved to censor and delete accounts, banned people, d platform people left and right. UM. When it was along with one political ideology, it was
perfectly fine. However, when somebody else comes on and says they want to open it up UM for more free speech, meaning that they want to take a much less aggressive stance on UM stopping what people say and even permanently banning people, that becomes a big problem. Now I look at this two ways. So Elon must says he wants to buy Twitter so he could open it up to more free speech. Okay, that's pretty good in my opinion.
I believe in free speech. I believe in free speech because I believe that the truth is found through speech. The truth is found through discussion. I might think I have an idea. You might think you have an idea. We should openly discuss that idea. We should debate that idea. We should probably bring other people in on the discussion, and through that discussion, going back with ideas, we learned from each other, and eventually we find this understanding, we
find what the truth is. That's why free speech is so important. Free speech is is important for sharing those ideas, which then leads to progress, which then leads to more creativity, which the leads to more ingenuity and inventions and products
and services and so much more. Um However, apparently some people think that you're not smart enough to handle hearing things that you don't like to hear, and so it was interesting to see how uh mainstream media seemed to erupt over the fact that somebody would buy a social media platform to give it free speech. Now, what was interesting is when thousands of thousands of people have been d platformed, including the active sitting president of the United States,
people said, it's fine. Twitter is a private company. They can do what they want. It's not a tricky situation. I do believe that a private business should be able to do what they want. A private business is my private property. I should be able to do with that business what I want. If I want to serve this
customer or not, that should be up to me. Now, growing up, you would typically see like an establishment and say we reserve the right to refuse service, right, and so they should be able to they can choose what they do want to do. It's private business, and so they'd say, hey, Twitter, consens or whoever they wanted to
it's a private business. Um. I'm not gonna get super deep into that, but um, as soon as Elon Must wants to buy Twitter and actually take it from a publicly traded company to a private company, now that's a big problem. And now all of a sudden, it's not a private company anymore, which is pretty weird. But what's even weirder is so there's this uproar about freedom of speech,
which is very interesting to see. However, the contrast is that from the time that Elon Must decided to buy Twitter from he announced it, um, and I haven't actually looked at it for a minute. Here, let's take a look and see where we're at here. If I look at the price of Twitter, which I mean, it's still up quite a bit as a matter of fact, which is interesting as most of the tech stalks are way down.
So right now, Tesla, I'm sorry. Twitter is up forty eight percent from where from the time when he announced that he would buy it, So it's up now. This is up at a time when all the other um tech stocks are way down, which is pretty interesting. We can see, for example, over that same period, we can see where Facebook's at, which is about flat. It's about flat. Um it had gone up and come back down. Facebook's down.
We can see obviously all the big tech stalks are down, but Twitter is up almost fift So here's what this tells me. What this tells me is that the mainstream media is all up in arms about giving somebody freedom of speech, which is insane to me. However, the mainstream media represents a very small percentage of the market. The market, as represented through the financial markets are telling us something
completely different. Now, there's one reason why when you run polls to find out who's going to be president, they're typically way off. But we saw in the last presidential election cycle we had betting markets where people were betting on who would become the eventual winner of the election. The betting markets were extremely close, and the and the polls were way off. Why is that. Well, anybody can
say whatever they want to pull. But when it comes to putting your money where your mouth is, when you have skin in the game, when you have an incentive, you you choose much wiser, much closer. And so that's why the betting markets were different. So back to this. Mainstream media wants to tell you it's insane, No, we can't have free speech. How horrible is this? But the markets are telling us that they value free speech. The Twitter's up. Why, well, the markets are a discounting mechanism.
What does that mean? The markets discount they you try to buy something cheaper today than you think it will be worth in the future. So people were buying Twitter saying it will be worth more in the future because if Elon Musk can open it up for free speech, then we believe that will be more valuable in the future.
And so they're buying it. And so the market, like a betting market, put money where their mouth was, put skin in the game, and we saw the price of Twitter go up by more than But of course, um, the powers that be, if you want to call them that, are certainly not a fan of that. It was only within days or maybe a week or two after that was announced that then all of a sudden, the United States, the Biden administration, the Department of Homeless Security announces their
new Ministry of Truth. They want to tell you what's true because apparently you don't know and you're not smart enough to figure out. So they want to tell you what the Ministry of Truth was. And it's not just the United States, is a matter of fact, this is kicked off a firestorm of regulators. We see social media
regulations expand globally. As Elon Musk plans the Twitter takeover, he says, says there the countries are taking more steps to compel social media platforms to shield users, shield them. We gotta protect people from material that they deem harmful through standards that could affect Twitter. So if the government deems it to be harmful, then they need to protect you. Now.
One thing that's interesting about freedom of speech is that if you if, if, if you take away my freedom of speech so I can't say what I want, they're also punishing you. They're also taking away your freedom to hear. Think about that, I may lose my right to speech. You may lose your right to hear. We're both being punished in that. The good thing about hearing harmful content is that if you don't want to hear it, you don't have to see You also have freedom to hear it.
You also have freedom not to hear it. You can mute accounts on Twitter you don't like, you can block accounts on Twitter. You can you don't like, you can not follow them if you don't like them. It's very simple to do that. We don't need the government, but the government here was The regulators from Australia to European Union, India, Canada and the UK have recently introduced are or are now considering new rules for policing online content. I mean,
this is insane. Um. This is why we need bitcoin. We like to say bitcoin fixes this. And the reason why bitcoin fixes this is because it takes away the money. With the with the money, with freedom of money, we have freedom, and so we need to have freedom of money. We need to take away some of the power of them to be able to print all this money so they can build out these large regulatory bodies like this.
The government continues to get bigger and bigger and bigger because they're able to print more and more and more of their money. You're listening to the Mark Marchell will be right back with more. Don't go away, all right, welcome back here, listening to the markma Show. We're talking about we're talking about this decentralized revolution the world is
going through. We're talking about the intersection of politics, finance, and technology, and as the as the world goes through this decentralized revolution, which of course is being led by bitcoin and cryptocurrencies, it's the technology, the decentralized technology that's helping the world become more decentralized. It's not easy, it's not smooth. The centralized powers that be, the governments don't
want to give up that power and control. And so as they start, as it starts to slip through their fingers, they try to grab more harshly, and the more harshly they grab, the more starts to slip through their fingers. And it's this um, this reflexive loop that basically happens. And that's exactly what we're seeing today. So the powers that be, the governments of the world, started to lose
their narrative. What does that mean, Well, they want to control the information that you read, that you see, so they can control the narraive, they can control what you believe, what you think. The problem is, we had an Internet. We we had an invention called the Internet, and the Internet allows us to spread information and allows you to hear my voice and hear what I'm saying. And through
the Internet, Um, they've lost control. It was very easy when we all watched the same three news channels and we all read the same couple of newspapers. When we did that, it was super simple for them to control the narrative. It was cheap, it was easy. The returns on their violence were very high. The problem is, as the Internet um came, it allowed all this new alternative
media to grow up. And now we have you know, people like um, Joe Rogan and Tucker Carlson and these big, big channels that are getting way more views than mainstream media. And so they're losing the narrative on that, and so in order to try to regain control, they have to figure out any way they can to try to control and regulate that, and of course they'll put laws into place to do just that. Take away my right to talk,
so they can take away you're right, to hear. Now, you might be listening to this and saying, Mark, but look, there's crazy people like Alex Jones, and Alex Jones says things that are really dangerous, and we have to prevent these the dangerous people from saying these really dangerous things. Okay, do we You see, the truth is found through open discussion and through transparency. So if we had open and honest debate, Alex Jones could say something really crazy, for example,
and other people could come out and say that's not right. Now. I don't know about you, but I love to see debates and the reason why I love to see debates is because one person may say something that seems very convincing. They may be very certain about what they're saying, and I might believe that maybe I don't have a really educated opinion on that, But then I hear somebody else and I'm like, oh wait a minute, I thought about that.
That that right, And so through open discussion, through open debate, we can find that truth. The problem is that when you censor that, we never find it, and so now those voices are in the dark. Now they may be right, they may be wrong, but we may never know the reason why is because censorship does the exact opposite. It
doesn't bring more truth or more trust. So if you've ever had a business partner um that was embezzling from you, or a friend that was, you know, stealing from you, or a girlfriend, boyfriend's spouse, whatever, cheating on you, you know that confidence starts being lost. You start to think like, wow, what are these charges showing off my bank account? And is my partner doing this for that? Or who's my who's my significant other texting late at night? Right? And
you start to lose confidence, start to lose trust. Now, if you went to your business partner said hey, could we look at the bank account and look at a couple of these charges to see what they are? If they said yeah, sure, here's the receipts and whatever, they could restore that confidence through open, honest dialogue, through transparency. If you look at your significant other in bed and say, who the heck are you texting late at night and they said, oh, I'm not talking to my mom. Look
here's my text message, that would restore trust. If your business partner said, that's nothing for you to see. You you don't want to know that, don't look at that. That would almost just confirm what you already know. And so whenever you take away a person's right to talk, it looks bad. They're saying that ripping out a man's tongue does not prove him wrong. It only proves that
you have something to hide. And so the way that we build trust, the way that we build trust, the way that we find truth, the way that we discuss ideas is through open platforms and discussion. The other thing is that you know, I see some people on Twitter saying some insane, crazy things like they're like especially here in California the legislative but also all across twity. You can see like there's like a whole subset of people that are like trying to um change the age of consent.
They want little kids to be able to consent to sexual acts. I mean, it is absolutely insane. I can't believe Twitter allows us to happen. They censor active stay in presidents, but they allow that to be talked about. It's in saying, however, now we see who these people are. Now we know who they are, we know exactly what they want, and we can call them out for who they are, and we know to discount what they say, and so on one hand, I would like, I don't
want to hear it. It bothers me that there's people that have those views. But at least we know who they are and then we can combat that. We can talk about that anyway. Back to this at hand, it says that, um, how content moderation rules would work at Twitter under Mr Musk remains unclear. Of course, it's always unclear. Um. He called the move a quote morally bad decision, and he said, quote if there are tweets that are wrong and bad, those should be either deleted or made invisible.
And a suspension or temporary suspension is appropriate, but not a permanent ban. But that's not good enough for the lawmakers. The European Digital Services Act, which was agreed to buy lawmakers in April, would compel platforms to swiftly address illegal content and offer a process for users to complain if they disagree with moderation decisions. So swiftly address illegal content. But what's illegal? What type of content would be illegal? That where some of this problem starts to line up,
it says um. A new law and Australia goes further, allowing an e Safety Commission to order platforms to remove certain content or face fines. What content and who's the who's the safety commission, who, who's determining what's safe and what isn't safe? It says um. We'll be keeping a close watch and making sure that Twitter and other platforms are taking the steps required under Australian law to address
online safety issues. Now, I think there's all things that we could agree are not safe, like child exploitation, for example. I think there's things that we could all agree to, But the problem is the rest becomes subjective. So we want to start banning hate speech. Well, let's say that. Um, let's say that I hate pineapple on pizza. I hate that and it grosses me out to even hear anybody talk about that. And I feel that it's violence because speech is violence now apparently, and I hate that. Now,
is that should that be considered hate speech? I use I use a ridiculous example, partly because that's how ridiculous things have become. But to show you that it's subjective, there's only a couple of things that we could all agree on, but the rest are all subjective. Now. The other thing is that we have laws against things. So for example, I think we all agree that child exploitation is wrong, and turns out it's actually illegal too. So if anybody we're actually talking about it, then there's a
crime and they can go do something about it. Hating um somebody because they're um, dumb or ugly isn't a crime. You don't have to choose to listen to that. We also have laws against a libel and slander. We also have those laws as well, so we already have laws it. As in the US, lawmakers have put forward multiple proposals for dealing with online content, though few have advanced the
mid debates over freedom of expression and censorship. Canada's government has also pledged to introduce legislation to address online content such as hate speak. And again, what is hate speech? And that is the point. We can't have these subjective things, um. And this just further goes to prove how the world is grasping to maintain power over centralization, mainly because they want to control the narrative, not so much because they
care about you. As I said, Twitter already makes it very easy to unfollow people, block people if I want to. I don't have to hear it. Um. But maybe I'm wrong I'd love to hear what you have to think. You can hit me up on social media at number one Mark Moss, find me on Twitter, I find me on on Instagram, whatever. At one Mark Moss. Send me
a message and let me know what you think. I'm here trying to help you make sense of this decentralized revolution that we're living through from a political, financial, and a technological standpoint. If you miss some of the show, you can catch it on the I Heart radio network. Just search Mark Moss I Heart Mark Moss Podcast and you'll find it there. UM and you can catch up on some of that We've covered so much today, including um, the Defy tokens, the Luna tokens, uh Defied protocol is
blowing up, what's happening to bitcoin. We've talked about Twitter. We've talked about so much and more so. If you missed any of that, go ahead and check it out and don't miss it next time. Put a reminder on your phone for this time this channel, and joined me each and every week. It's the most important part of your week, and that's what I got. Thanks so much for listening. I'll see you next week on The Mark Mos Show.