The Mark Moss Show Mar 02, 2022

have some context. UM. Hopefully I'm your favorite listen of the week, and you should have a calendar reminder letting you know win um on. If you don't already, go ahead and grab your phone and put that for this date, this time on this channel, and make sure to join me. There's a lot of guys talking about politics, there's a lot of guys talking about finance. There's not a lot of guys putting it all together into the context that you need of what's going on today. And that's what

I'm trying to do for you each end every week. Now, you know, I talk about politics, finance, the intersection of those three politics, finance and technology, which for me is bitcoin and uh, like I said, when you put all three of those together, it starts to make a lot of sense. Now, UM, I don't typically spend a lot of time talking about the price of bitcoin because, in my opinion, the price is actually one of the least interesting things. I call it the great bait and switch.

People come to make money and they stay for the freedom. UM. So I like it at the baitan switch, and and I understand most people come for that. And so you know, while it's not the most interesting thing, uh, it is something to talk about, and right now it's very interesting, more interesting than normal because of what is going on in the world today. Specifically I'm talking about, um, the

Ukraine and Russia. So unless you're living under a rock, which I'm guessing you're not because you're listening to me, you know what's going on. Um. We basically had a full scale invasion of Russia, a full not an invasion, a takeover of Russia moving into Ukraine. I've been talking about this little bit as a matter of fact on my YouTube channel. UM. I made a video over four weeks ago and I predicted that Russia would in fact

invade Ukraine. And I said that over four weeks ago, which um, you know, up until even just a week or two ago, people thought they weren't um although the Biden ad men has been saying they were going to invade next Wednesday, next Thursday, they were going to invade UM. The problem is that nobody trust the government anymore. You kind of have this uh, this boy who cried wolf syndrome,

and we just don't know who to believe anymore. They just constantly lie all the time, and then they don't even go back and and uh and make you know, make even correct their mistakes or apologize. Even if they don't apologize, at least correct them right. And they don't. And so it's like they had to believe. But anyway, most people thought they wouldn't invade. I said they would four weeks ago. And the reason why I knew they would it's because the US is um, I don't know, impotent.

I mean, look at what happened in Afghanistan. We couldn't even we couldn't even hold off a couple of guys and pickup trucks with machine guns. We literally ran with our teletucreeen O Lakes. So so afraid that people were Americans were literally like hanging off the side of aircraft trying to get out of there. And so when you see when the world sees that happen, when you have a president that can't even put coherent sentences together, the

world sees that. Right Putin from Russia saw that, and he he challenged President Biden to a debate on the world stage. Why would he challenge him to a debate because he knows he can't even put a coherent sentence together. They see that the most powerful military in the history of the world couldn't even defeat some guys in pickup trucks with machine guns. They couldn't even get their people out of the country. And so what happens when that

happens right there? Um, if you're if you're following the law of the jungle, if you show a sign of weakness, guess what's gonna happen? Right, Someone's gonna come and eat your lunch. And so when that happens, and then, uh, you know, Russia says, well, shoot, maybe we should just go take Ukraine back. And we know the United States is gonna do anything about it. The United States is gonna threaten something, some sanctions whatever, um, but probably not.

Then you know they're not afraid to do that. So that. That's how I was able to predict that, and I predicted that they would and then I predicted that the US would, you know, slap some sanctions on them, and um, you know that way they feel like they saved a little bit of face, but like nothing was meaningful. And sure enough, you know, we saw Russia just march right in. What they did is actually a full scale attack. As

a matter of fact, they bombed the entire country. And I think it was kind of the shock and awe. I think it was probably a couple of things. Was like a shock and awe where they showed their power. So they, like I said, they bombed the entire country at one time. I don't know, I didn't count them up, twenty thirty locations at once, and it was it was devastating, right, it was a devastating shock and awe, and it was demoralizing.

They demoralized the people of Ukraine and on top of it, NATO, which is you know, the pack of countries in Europe. They didn't do anything. The US didn't do anything, and it was almost like Putin just walked right in and just ate their lunch, which is what happens in the jungle. When you show weakness. UM. So we saw that. Now, the reason why I'm talking about that is because as that happened over the last twenty four hours, we saw

the markets crashing, tanking UM. Not just bitcoin and cryptocurrencies, but most of the assets, the stock markets, UM, et cetera. Now, what's important to understand about this is it's not always what happens in the market is what it's what comes next. So what happens is as wars breaking out, that leads to a lot of uncertainty. What's gonna happen. We don't know, right, it's uncertainty. I don't know what's gonna happen. And so what happens is UM people start trying to make moves

based off of that. But the markets, the markets are called discounting mechanisms, so that means at UM people are discounting the future. So I'm making a move based off of what I think in the future. So I'm buying this stock or this cryptocurrency because i think it's worth more in the future. I'm gonna short because I think it's worth less in the future, or something like that. UM. And so what happens is when you see things happening

in the market. That means they're pricing things in. Um, So when the market started crashing, the markets were already pricing that in. By the time it happens, it's kind of too late. But um what a lot of people aren't really grasping is that typically, what we've seen throughout history is that markets actually tend to bottom when the invasion begins, and then it punishes the consensus view on

the market, so it bottoms when the invasion begins. So the invasion started and bitcoin and cryptocurrencies and all the markets started crashing. Now we can look back and we can see a chart of this happening in the Vietnam War. We can see it happening in the Goal for we can see it happened in the Aghanistan War. We can see it in the Iraq War. We can see it in the Crimean War, which was the time when last

time when Russia invaded Ukraine. And we can see that there's this bottoming moment every time the invasion happens, and then the markets rally. And so what's been happening is the last couple of weeks people have been rotating out of risk and they're moving in to more safe havens and value, which is why gold has been pumping and

bit woin has been going down things like that. However, it's kind of like this, uh you might have heard and investing it's uh, by the news right by the news sell the event, so um in advance of that, they're starting to position, but once the news happens, once the invasion happens, then the markets start pumping again. That's what history shows us through those wars, as I mentioned,

and of course today exactly shows that as well. So, like I said, we boughtomed as low as thirty four thousand and then pumped almost a back up to forty um by the news, right by the by the by the rumors, sell the news. I'm sorry, that's how that's how it goes. Now. Bitcoin was is low down is thirty two thousand all the way back about thirty days ago. So you know, thirty two thirty days ago was up to about thirty eight thousands time at the time of this,

and so it's you know, it's moving pretty good. But that's that's my opinion on that. I think that's why it happened. People were just kind of trying to position in advance. Now there's a lot of positive catalysts of what's going on. Obviously, Canada's front and center really bringing bitcoin to the world stage, showing the West, showing When I talk about the West, I'm talking about the United States and in Western Europe, showing the West why something

like bitcoin is needed. So typically, um in in in parts of Africa or Central America, Venezuela, they know why they need bitcoin. Nobody has to explain to them why they need it. But in the United States and Western Europe, people wonder why they need it. And of course, uh, Canada is doing their best to do the marketing and bringing it to the world stage. So there's a lot of catalyste to why I should go up in value. I think this weakness has really been around this uncertainty,

around the war. You listen to the Markma Show. I got a lot more coming up. Do not go away, I'll be right back. All right, welcome back. You are listening to the Markma Show. We're talking about bitcoin. We're talking about this decentralized revolution. We are talking about what is going on in the world today. It is extreme madness out there. If you have been paying attention at all, um and if you haven't, well you are. I know you are because you're listening to me right now. You're

hearing my voice. I like to say a quote from Iron Rand, she's one of my favorite authors. She wrote the book at Las Shrugged, The fountain Head and others. Um She said that you can choose to ignore reality, but you can't ignore the consequences of reality. That's what that means is that an ostrich can bury its head in the sand, but it won't keep it from being eaten. And so you can choose to not pay attention to what's going on right now in the world, but it's

not going to protect you from what's going on. And so you might as well be paying attention. And like I said, I know you are because you are listening to this right now. It's something that I spend all my time focusing on studying the news, talking about it on my YouTube channel, talking about it here with you guys on the radio each and every week to keep you up to date, because it can be disastrous if

you're not paying attention. However, it could be the biggest opportunity of your life if you play it the right way. It's something I spend so much time on One of the things I love about having this platform with the radio show is that I get to talk to lots of other people, very high level people, and I can really sharpen up my own game. I even hold my

own live event where I bring all these people together. Uh. You can find that at Market Disruptors Live dot com and UH we're having one coming up in a couple of months, and you can hear from them and try to make these own plans, because, like I said, you can ignore this, but it's not going to work out too well for you. You You need to understand what's going on with the rush of Ukraine. You need to understand

what's going on in Canada. Uh, you need to understand what's going on with the Federal Reserve, and UH you have to have understands in context of what's going on today. Now. UM some other headlines that we see, UM, I thought it was interesting as Canada is going after self custody um and they're even saying that some of these cryptocurrency exchange ceo s like coin Base and cracking CEOs are helping people evade sanctions by telling people they should custody

their own coins. We also saw the U S. Secret Service come out and make an announcement regarding bitcoin and cryptocurrencies, which I thought was pretty interesting because they came out and uh, you know Secret Service they regulate currencies and so cryptocurrencies as well, and uh. An announcement released last Friday, the US Secret Service said that the new initiative seeks to quote provide public awareness information on digital assets, security

and quote. Um. But what I liked about this is that at a time when we see um this villainizing or demonizing a bitcoin and cryptocurrencies, Like, how dare you think you have the right to hold your money, your assets, your property in a way that we can't seize. Um, That's that's what we're seeing for the most part. Right, you don't have the right to choose these things. Um. We saw a different message come from the Secret Service.

They said, Uh, the agency stress that quote, investments and transactions using cryptocurrencies and digital assets are not inherently criminal end quote. Imagine that investments, interns actions using cryptocurrencies are not inherently criminal. Duh Uh. While it seems so obvious, I like to at least see them saying that. It said, while noting that they provide quote new opportunities for those seeking to commit fraud or otherwise conceal further legal activities.

So it does create new opportunities for those seeking to commit fraud. Sure, there's fraud all kinds of ways. Every everything is a new opportunity to commit fraud. Um. I was talking to someone recently about trying to find a room for rent here in the local area, and they said, oh, I was talking about, like, oh, go on like Craigslist and look for rooms to rent, and they said, oh, you gotta be careful. There's so many scams, there's all

kinds of fraud going on there. So rooms for rent on Craigslist opportunity creates a new opportunity for those seeking to commit fraud. Um. So, Sure, digital assets also, I guess, could be a way to commit fraud. But guess what. Committing fraud is illegal. There's a crime. There's already laws for that. But per what they said is that I'm

transacting in cryptocurrencies is not inherent legal illegal. They went on to say that the U. S. Secret Service also noted that quote, cryptocurrencies continue to become more popular forms of payment and quote and for that reason, the agency must quote must also remain at the forefront of both educating the public and combatting financial fraud and quote so sure, UM, I don't know if it's their goal to educate the public. UM,

it's probably your responsibility to get your education. Wich of course, is why you're listening to me, and I'm I'm doing my best to bring that to you. UM. But UM, I guess it's not a bad idea to, you know, let people know about the fraud. UM. By the way, UM, if you follow me on social media, UM, if you don't, you should. You can find me on Twitter or Instagram. UM at one Mark Moss. That's the number one Mark Moss. But the problem is is the fraud is so bad

on there. So if you are following me, just be aware. UM, I have dozens of impersonators popping up on a daily basis. And if you follow me on Instagram and Twitter, which you should, one Mark Moss about, just be aware that you'll probably be messaged by impersonator accounts, and those impersonator accounts will probably ask you something like, UM, how's your trade going, how's your trading going? Something like that, And now, UM, I'm not a trader and I don't think you should

be a trader either. UM, certainly not going to send you a d M from another account asking you how your trading is going. So I'll educate you to be aware for fraud, be as those people are trying to scam you. And unfortunately, I know a lot of people who have have fell fallen for that, even people I know. It's just insane and it's a as a creator as somebody who's putting out content on YouTube and Twitter and Instagram, et cetera. It's a shame because those platforms have become

almost unusable for me. I get spammed so hard. My d M s get full of spam, all my comments get full of spam, and it's all people searching for fraud ways to defraud you. Um, they're gonna tell you they're gonna make you a bunch of money on your trading, and you should send them money and then they're gonna

steal it from you. So to what this what this article saying about the Secret Service, Um, yes, it does represent a new opportunity to commit fraud, just like a room for rent apparently is a new opportunity for committing fraud. So I think that's important to understanding and that's my public service announcement for you again. Follow me on Twitter and Instagram at one Mark Moss, but be aware of impersonator accounts asking you how your trading is going. That's

not me. But they went on to say this service article. UM this in July, so about two years ago, the agency created cyber Fraud Task Force, and the U. S. Secret Service Cyber Policy Advisor Jonah Force hill opine that the growing trend of cyber crimes is quote, is not a specific cryptocurrency issue. That's what he's saying is that cyber crimes are just crimes and it's just another opportunity they have. But he's saying, quote, it's not a specific

cryptocurrency issue. So it's not a cryptocurrency specific It's not cryptocurrency's fault. Cryptocurrency isn't responsible for this. People are going to do fraud with whatever they can do fraud with, right since the beegend of time they're trying to sell you gold. But it was really lead right there. There's all types of fraud. Um, it's not a specific cryptocurrency thing. People committing fraud also, like on Craigslist, also use craigslist.

They also use computers. They also use the Internet, they also use real estate. You see, they use all types of things for fraud. So it's not a cryptocurrency thing. And it says here this is an important piece. It says that last month blockchain analytics firm Chain Analysis said, so ch Analysis looks at all this data and they said that while crime involving cryptocurrencies did surge to a new high of fourteen billion, this activity represents just zero

point one of the total. So of all the transactions happening in cryptocurrencies, zero percent, zero point one might be some sort of illegal activity. Um. By the way, you're listening to the Markmas Show, we're talking about bit when we're talking about cryptocurrencies, we are talking about the decentralized revolution. We're talking about how to make sense of this craziness in the world today. Politics, finance, technology, it's all happening

right now. It's all converging right now, which is why the world is seeming to go crazy. But if you understand it from this long lens that I'm trying to help you with, it all makes sense. I have a lot more coming up. Do not go away, it's super important. I'll be right back with more. All right, welcome back. You are listening to the Mark Comma Show, and we are talking about we're talking about the craziness going on

in the world today. It's pretty crazy, isn't it. We're talking about bitcoin, We're talking about this decentralized revolution, We're talking about the the clash, We're talking about the the convergence of three technological revolutions, which are politics, technology, and finance. All three revolutions happening on a different scale, and they're all converging right now, which is why we have this

craziness going on. And I'm trying to put it all together for you to help you make sense, because the world is it's crazy right now, right, it's crazy now. Um, all of these things converging together is what's causing this craziness to happen. The world is going through this transition period and transition is not smooth. It's volatile. It goes up and down, up and down. And we're seeing this

kind of battle, if you will. Right, So, we're seeing over the last couple weeks in Canada, they're starting to try to crack down on your freedom, frees your bank account, seize your money, things like that. But the other parts of the world. Um, like in the United States. Um, they're passing laws to actually protect that. Pretty interesting we saw, um last year China got rid of all the bitcoin miners in the country and then the United States became

the largest bitcoin mining hub at the same time. Now, what we talked about with bitcoin is we talked about this game theory where you know, whoever moves first kind of wins kind of a thing. And that's kind of what we're seeing play out in real time. And what's interesting is while the US has become the biggest beneficiary, um, we're starting to see now Europe, the EU trying to follow in China's footsteps. What does that mean? Well, remember I said China, band this brand new technology. Now where

do I even start with this talking about band technology? Now? What technology? There's something known as creative destruction. So what that means is that when something new is created, there's a new innovation, it destroys the old way. This is not about politics, This is about progress. This is just how it works. Okay, Like in a forest, you would have to have the old trees or the underbrush would have to die so you can have new growth come.

It's just progress. You had a hundred year old company like Kodak making film and then we got digital cameras. It was really you know, Instagram helped kill a Kodak, but really it was no keya phones taking photos that killed Kodak. And it's not against Kodak. No one was mad at Kodak. Film worked great for a hundred years, but then we just had digital cameras. You know. Um,

I'm kind of old. I got a couple of kids, and uh, you know, when my first daughter was born, we didn't really have phones that took all those pick cheers. When my other daughter was born, we did. And so there's like this big difference of like where our photos are and how many photos we have of each kid. Uh, it's kind of interesting. And so it's it's not it's not it's not political. Um, a hundred years ago, if I wanted to listen to Beethoven, I'd have to assemble

like a hundred person orchestra to play for me. And then we had Beethoven on us on a on a vinyl record, and then we had Beethoven on a CD. And now I just streamed the music. It's not about Hey, it's not it's not it's not political. It's not about about the about the the instrument or that orchestra. It wasn't against vinyl records. It's just progress. That's just what happens. We digitized music, we digitized books, we digitized magazines, and now money is just being digitized. It's just the way

it is. It's not about politics, but they want to make it political because they want to grab onto it. Now we've seen UM leaders from the ECB like Christine Leguarde. He said innovation is a threat to our financial stability. That's her quote, innovation. That's what you said, Innovation is a threat to our financial stability. No, no, no, no no, it's a threat to your financial monopoly. It's not political, Christine. It's just progress, just what happens. Of course, they don't

like that. They don't want to lose that, just like Code didn't. So what you see is UM. When Uber started disrupting the taxi industry, the taxi industry went to the government and they started to try to pass laws to prohibit Uber from taking out their business right try to protect themselves, and the government's doing the same thing. They want to protect theirselves, and so they're also trying

to pass the same thing we saw this week. We saw EU parliamentarians push limit, push to limit bitcoin use over energy concerns. A provision added to a draft regulatory package calls for the restriction of cryptocurrencies that use proof of work consensus mechanisms. So bitcoin uses proof of work, cryptocurrency uses proof of steak. I'm not gonna dig prett deep into this. I have before the difference of proof of work versus proof of stake. Those are the two

different consensus mechanisms. What does it? What does a consensus mechanism even mean? Well, Um, typically we've had centralized databases, so Facebook, Google, those are centralized databases. Experience the credit Agency is a centralized database. Those centralized databases get hacked and then your credit data goes all over the internet. The revolution that bitcoin brought us is a decentralized database. Instead of having one, now we have a million full

copies of the database. And so instead of the hacker hacking into one database and get everything, now they'd have to hack um all the databases or or they'd have to achieve consensus. So consensus means if there's a million databases, more than fifty one percent would have to achieve consensus. They would all have to agree on the same thing. And so now as a hacker, I'd have to hack into over half so UM in that example of a million databases, that have to hack into five hundred thousand

and one so I could achieve consensus. So there's two ways to do that. There's proof of work, which is the miners are plugged in and they're processing transaction using power. Proof of work, and then there's proof of steak. Now, why do they want to go after proof of work and not proof of steak. It's the energy, right, No, it's not the energy. They say, it's the energy. That's not really what it is. And I'll explain it a second.

They say it's the energy. But they really want to go after proof of work because they can't control it. They can't control it. Proof of steak they can control. Proof of steak is like a more of a centralized database that has a centralized leadership and has the nodes. The database is being run on centralized co location facilities like Amazon Web Services. They can control that. They can't control proof of work. That's why they're coming after it.

So it says here UM the markets and Crypto Association Regulatory Package for discussion includ is a provision that would limit use limit the use of consensus mechanism known as proof of work across the union's twenty seven member states. One proposed provision seeks to prohibit crypto services that rely on environmentally unsustainable consensus mechanisms starting January. I'm sorry January. Proof of work cryptocurrency mining is under the microscope of

regulators worldwide over energy concerns. Um. Yeah, the here is the quote. The Greens, the Greens and socialists, as you can imagine, are criticizing the proof of work concept and criticizing the energy use, saying that bitcoin needs more energy than the Netherlands. End quote. You know what else uses more energy than the Netherlands? YouTube does? Oh? You know what else does? Um? Clothes, dryers, dishwashers, Netflix, They also use more energy than the Netherlands. They also use more

energy than the bitcoin network. So you want to say the bitcoin network is waste energy? Well, why do you to close dryer? Can't you just hope? Can't you just hang your clothes on a on a rack in the backyard. They do that all over the world, Right, it's not about the energy. I've broken this down pretty deep before, but bitcoin goes to where energy isn't being used. It can only be profitable to mine bitcoin when you're using

energy that's already being wasted. So in California it's forty cents a kilo one hour in the summer at the top tier. Why because there's massive demand for that energy, so it's expensive. Bitcoin can't survive on forty cents what it needs three cents. Well, if it's forty cents of California, how the heck can you get it for three cents? Oh, because in some parts of the world there's more energy than there are people using it, so it's actually being

made and then not even being used. When you build out a power plant, it's going to produce a certain amount of energy, and you can't just turn it up and down like a knob. If I create this much, then that's how much gets created, and whether it's being used or not. So they're willing to sell that excess for so cheap, like three cents a What So bitcoin only uses energy that would otherwise go unused. It's not, it's not it's not taking energy from anybody. So this

is completely false. Of course it is. It's just they want to control it. You're listening to the Mark mos Show. We're talking about Bitcoin of the Decentralized Revolution. I'll be back with more. All right, welcome back. You are listening to the Mark Moa Show. We're talking about this crazy world that seems to have gone mad, but actually it's not. It's actually not if you understand what's going on. UM, you know, there's a there's a lot of crazy things

going on. A lot of it is is self inflicted, and there's also this big agenda that's happening. And I think if you step back, UM, it just kind of puts it into some clarity. I was talking about before the break, I was talking about how the you know, there's this tug of war, UM, this game theory playing out where we have nation states like El salvad are making bitcoin legal tender. We have China kicking out bitcoin miners, US as being the big beneficiary of taking on the

bitcoin miners. Now we have the EU to ban it. Now. The thing with bitcoin, um that China found out is that you can't stop bitcoin. Um. All you can do is stop your people from using bitcoin. So UM, you don't hurt the Bitcoin network. All you do is hurt yourself. All you do is hurt your people. All you do is hurt your country. And that's exactly what will happen to Europe if something like this work to go through. It would affect all the EU countries, which isn't good.

But of course, um, while it may seem like why would they do that if it's not good for them? If you're asking that question, you don't really understand how the world works, do you. Apparently not so if you're paying attention to how the world is working right now at this moment, of course, Uh, unless you've been asleep before or in a coma. You know that Russia has taken over Ukraine and it's an interesting thing to watch

because it seems like it's been brought on intentionally. I don't want to say intentionally, I would say unintentionally, but anybody seems to maybe could have seen this coming. A couple of things happened here, so let's see. Let's see, Um, the United States was in two thousand and eight, there was a new technology that was invented. Remember creative destruction, new technology progress. A new technology was invented by the

free markets, of course, not the government. And it was called fracking, and it allowed the United States that allowed the world to get energy out of places that didn't typically didn't already have enough energy, so that the whole world that operated on the theory called peak energy up till about two thou eight, and then we found out that we have more energy than we know what to

do with. And because of that, it allowed the United States to lower its carbon output by thirty percent, while the rest of the world was increasing their carbon output, especially Indian and China, the US reduced it's carbon emission by over Why well, because each type of fuel is more clean than next, so um burning very poor people and around the world will chop down trees and burn that wood. That's very bad for two reasons. One, the

trees aren't helping the environment by recycling the carbon. And to burning wood is the most polluting type of fuel. Now, once people move out of that, they start using oil, or I'm sorry, they would move up to coal. Now, coal is still dirty, but it's much much cleaner than burning wood, and it doesn't require cutting down the trees, so coal is much better. So if we can move people into a little bit more prosperity. Like coal, we can make a massive impact on the climate, a massive

positive impact on the climate. The next level up is oil. So then we can just drill a little tiny hole in the ground and we can get oil out. And now people don't have to mine and burn coal. So by moving people up the ladder into oil, we get even better climate control, we get less pollutants, and we still keep the trees that help recycle the carbon. The next level up from there is natural gas. The key word being natural. I mean it's in the ground and it just comes out, and we can take that and

we can convert that into very clean energy. It's the cleanest form, much cleaner than burning wood, much better than cleaning burning coal, better than oil. We have natural gas, and that's what's allowed the United States to reduce this

carbon output um. In Europe though, because uh and the article I read earlier, the greenies, the socialists, they want to tell you that you can't even use natural gas, and so we've had an energy crisis happening all throughout Europe, where in the Netherlands they sit on massive amounts of natural gas, but you know, because of the environment, they

don't want to get out of the ground anymore. In the UK, they have massive amounts of natural gas and they don't want to get out of the ground anymore either, because you know the environment. Um, The problem is that while you may not want to get that clean natural gas out of the ground, people still need energy. People don't need to heat their homes. We also need that natural gas to make c O two and fertilizer. Well what do we need to go to and fertilizer for? Oh?

For food? What do we need food for? Well, you already know the answer to that. And so they've literally purposely decided to shut down their natural gas in the Netherlands in the UK and instead we don't want to get it because the environment, but we'll gladly just buy it from somebody else who's getting it and ruining the environment. It doesn't make any sense that that's like, that's like I can't commit murders, but I'll hire someone to commit

murder for me. Like what's the difference, right, So I'm not gonna get the energy. Instead, I'm gonna turn my own energy off and I'll just buy it all from you. And so the the EU has made themselves dependent on Russia. So when Russia said, you know, when the U S thinks they're gonna Russia will move into Ukraine and that NATO will be strong and the U S will stand up to them. No, they won't. How can they. They've decided to turn their energy off and become dependent on Russia.

And we saw this week that Russia just marched right in and took out Ukraine. This was caused intentionally. Now there's three superpowers in the world. We have Russia, we have China, we have the US. And typically what happens when there's three, like a three person game of poker. In a three person game of poker, if you don't know who the fool is, that's you. So what happens typically in a three game person game of poker is

two people would would team up against one. And so the United States has done really well with working with Russia against China, or working with China against Russia and keeping um staying in the middle of that. But what happened is we saw through the Trump administration that before Trump took office, we had this fake steal dossier that was put together that's found through the Durham Reports, and they drummed up this fake news about this Russia collusion

and made Russia the bad guy. And even though this was completely fake, drummed up and paid for by the Clinton campaign, we saw that because of that, the Trump administer station couldn't talk to Russia at all. So because they hated this guy so bad, they've paid the creative fake dossier and because of that at villainized Russia, which then prevented Trump from talking to Russia his whole term, or else he would be you know, they would say that it was it was legit, and so we basically

had to put Russia in the cold. And what happened is by putting Russia in the cold, Russia and China have now teamed up and now the United States finds themselves the odd man out. So not only has the United States pushed itself out because of that, at the same time, then the EU has made itself dependent on Russia for the energy self inflicted. You could have seen this coming, right, it seems like it. Now, why do

I bring this up? I mean, this is obviously a political situation, but I bring it up because this is what the EU is doing right now with bitcoin as well. They can't shut it down just like they shut their own natural gas down and they're just depending on Russia to produce natural gas. They want to shut their own bitcoin mining down, Okay, great, but they're just gonna be dependent on somebody else doing bitcoin mining for them. You see how that plays out. It's like the same thing

over again. This situation was self inflicted, it's not. They're not just a victim that didn't just happen. These are because policy decisions that were made brought us down this road, and the same policy decisions are being made again today. And what is Einstein's definition of insanity is doing the same thing expecting different results. If you do the same thing,

you're probably gonna have the same result. And if you continue to make these same policy decisions to ban energy like they did, or to now ban proof of work mining consensus mechanisms, it doesn't make it go away. Banning energy doesn't make the need for energy go away. Banning bitcoin mining doesn't make it go away. It just gives the power to somebody else. That makes sense. Hopefully, hopefully it does. I'd love to hear what you think. You can send me a message on Twitter at one Mark Moss.

That's at one Mark Moss love to hear from you, and I'd love to hear what you say. Tell me I'm an idiot, but tell me why or tell me I'm right. Either way, I'd love to hear what you have to say. Um and uh. You listen to the Mark bas Show. We're talking about bitcoin, the decentralized revolution, and bringing sense to the world today. Thanks so much for listening.