The Mark Moss Show Nov 12, 2021

these asymmetric opportunities is by having a symmetric information. That means you've got to have information that most people don't have, which is why we bring that to you each and every week. Now I am joined in the studio by two of my really good friends. I got Kyle Wonderly and I got Jessica Vaughan. They are back with me again.

What's up, guys, what's up? Mark? Thanks for having me. Yeah, you know, man, I'm here talking about bitcoin each every week, and I love just having you guys on and just kind of talking about so so good to hear. There's always so much going on to talk about, so I know we have that. You know, um, Jessica's favorite guy in the world. We'll say, what's her favorite podcaster? We're talking about j r E. The Joe Rogan Show made Big News this week. Now, first of all, he made

big news because he is big news. Uh uh, Well, while mainstream media wants us to believe that that their mainstream, you know, CNN's mainstream. I pulled some stats, um, and CNN's biggest show, Anderson Cooper gets about six to seven hundred thousand views per video or per per episode or whatever. In the cove range, they get about a hundred and twenty five thousand per episode. Now, I'm not big time,

and I have videos that have more views than that. Um. Joe Rogan is big time and he gets about two hundred million views, so he's he's pretty big time. And uh and uh. You know, in the bitcoin community, we've been talking a lot about Lady. As a matter of fact, there's this tweet that keeps going around. Everyone's trying to get Michael Saylor to go on on Joe Rogan. Um, but big news, big, big nig news, guys. The world's most successful pod caster and comedian has accepted a bitcoin

payment of one hundred thousand dollars UM. He's talked about it in the past on his show, but now by accepting bitcoin as payment, it marks a definitive switch in stanch on his part. Um he said, he said, he said, Uh, someone said on a show said Joe got a deal for over a hundred thousand dollars. Cheff here said, and Joe said, it's not American money. What do you think about Joe getting a hundred thousand dollars? Yes, well, I'm sure that a hundred thousand dollars is just you know,

pocket changed to him, and that I'm sure. I'm sure he's been taking bitcoin in tips and crypto is um, well, everybody on the right seems to definitely get their tips already in crypto because we're we're believers, right. You know what I thought was funny, Mark, was did you watch that video the little clip? Did you? I just thought that I just saw the clip. Yeah, yeah, it was funny when I think it was, uh, what's the what's the guy's name? Uh, Amar Sheer or whatever his name was.

His name was dragging for him? What was it, safire? I think yes, it was bragging about the fact that he's getting under dollars and hundreds dollars in bitcoin and and and his reaction was, you know, he's like, uh, what did he say? Said he was not American money? Oh? Yeah, it's not American money, and it's almost like, you know,

he wants you to know. Uh, he doesn't want you to know that he's accepting bitcoin, but he does want you to know these things bigger because on his show, I've I watched a big, big time Joe Rogan fan Jica's too, but he's always kind of put bitcoin down or kind of said that it was a ponds I remember in the beginning, like the first time he heard about it, and I, you know, it's like a Ponzi scheme. I think that's a lot of people do that point they hear that it's at forty thousand, they know that

guy's got it a like five or ten bucks. It's kind of hard to, you know, accept the fact that you're getting in so late, right, so they just write

it off as a ponzi. But Joe Rogan so open mind did and learned so much through his guest, so you can see the evolution of his mind over the last couple of years, and now he's finally like, you know, well, there was a lot of external changes in the world too that necessitates bitcoin adopting at some point, though everybody capitulates that's what's cool as I have always respected Joe Rogan. I've watched him forever and learned so much from him.

But here's something that he didn't know, something that I knew more than Joe Rogan, which is like super rare. But he thought it was a ponzi. But eventually, due to everybody comes comes around capitulates. Yeah, I think, you know, I was saying earlier like, uh, I think as the Gandhi quote, which is like at first they ignore you, and then they laugh at you, then they fight you,

and then they join you. And uh, I was talking about on an earlier episode about Jamie Diamond from JP Morgan seen said if anybody even traded bitcoin, I'd fire him, and of course not JP Morgan's in Um, Joe Rogan maybe wasn't in the fighting so much, but he was maybe in the Joe in the laughing phase. But I think, um, you know, I think, as you said, Kyl, right, you can see his stance has kind of changed, and just him talking about it with a favorable you know, way

to talk about it. I mean, it just brings a lot of two million people. Hey, yeah, it's it's real. I mean the guy has like what eleven million subscribers, right, and you were talking about, uh, the reach of what was it, CNN, You were just talking about two million people a month. Oh their gig is up though, Yeah, yeah, yeah, mainstream media. And it's like, it's it's so obvious that that's not the mainstream media anymore. Like I'm in the gym. Uh.

You know, it's a reference something about Joe Rogan. Everybody's heard of everywhere I go, Like even my like tattoo artist, he's got Joe Rogan playing every day everywhere you go, Joe Rogan. Like, people know Joe Rogan. But but how many of you ask the same people? Yeah, the same people. Do you watch Fox News? Do you watch CNN? You know, nine out of ten of the people that I too thought talked to that watched Joe Rogan don't watch the

normal everyday news. So you think, so mainstream is not the media, And you know, you know what else is also big mainstream is sports obviously, and of course Joe Rogan has that m M a kind of thing, which is which is big. But in other other sports news, Aaron Rodgers, quarterback of the Green Bay Packers, also agreed to get a portion of his pay paycheck in bitcoin as well, and that's another massive thing. And so Joe Rogan, I don't know. I don't know the full details around

why he got the hundred thousand. I don't know if that broken the story. But Aaron Rodgers is actually getting he has to be paid in bitcoin, which is pretty amazing. That's so awesome. I am not like a super football fan, but everybody's heard the name Aaron Rodgers. All right, Jessica, do you do you know who Aaron Rodgers is? Of course I do, Okay, alright, So I mean I've heard

of him, but I don't watch football. I don't know, but I remember hearing his name for the first time a few years back, and it was this little ten year old kid. He had an Aaron Rodgers jersey on, you know, and and uh, all the kids that are so enamored with Aaron Rodgers. That's big news, dude. Aaron Rodgers is like a superhero number one quarterback, you know,

like his reach just that's that's so massive. He's pretty conservative in disposition, so I would say that bitcoin is um a default position that he would appreciate, right, yeah, yeah, And I think like kind of to your point, guy, like especially in football, right, Like kids love the merch, right, so they're like wearing the jerseys and all that thing, and so like, uh, probably there's a lot of that

idolizing them and want to do things. And so when you see him like getting paid in bitcoin, I think that carries a lot of credibility. You know, I appreciate the signal of confidence for sure, exactly exactly. So I know. Also, Jess, you've hung out with Russell O Kong. He was kind of like the first football player to really start talking about getting paid in bitcoin. Um yeah, undred together. That

was a good one for bitcoin. Race car yeah, I mean yeah, so Bitcoin magazines or I'm sorry, Big Jack Mallers whatever, Bitcoin had the indie car, indie race car in the indie I think the car finished second in the race. So um yeah, it's it's reaching like all types of levels of trench. Man. I think there's a couple of basketball players are getting paid in bitcoin as well. I'm not mistaken. It's inevitable. Yeah, I get on the get on the trend, man, if you want to be relevant,

takes part of your salary in bitcoin. Right, It's not a friend, it's a revolution. Yeah, it's a revolution. I'm here with Jessica Vaughan at Jessica Vaughan on Twitter and Kyle Wonderlely at Kyle Wonderley on Twitter. He changed that to make it easier to go give him a follow, say what's up. We're talking about bitcoin, cryptocurrencies and the decentralized revolution. We're talking about how we're seeing more and more people choosing to get paid in bitcoin, may stream people,

not seeing in mainstream people. There is the information you need to know so you can take advantage of this giant shift in the world. Again, you listen to the Mark Moss Show talking about bitcoin, cryptocurrencies and the decentralized revolution, and we will be right back. Everyone. Welcome back. You are listening to the Mark Moss Show. We're talking about bitcoin, cryptocurrencies and this decentralized revolution. Literally the biggest opportunity you

will ever have in your life. And of course, the way that you participate in these asymmetric opportunities is by having asymmetric information, which is why you want to be with me each and every week. I'm joining the studio by two of my good friends, Kyle Wonderlely. You can find them on Twitter. At Kyle Wonderley. That's w n U N D E r l I. You'll find it. Uh. And let me just interact. If you watch the show last week, it was super underscore ruder. Course I did that.

I changed that for this by right here Mark Moss. But if you still want to see uh, super rout stuff on YouTube, that is still their super red stuff on YouTube. There's the plug and uh and now that Kyle Stile the Spotlight. We also have Jessica Van no one, no one can steal her shine and you can find her at Jessica Gavan. Make sure to look her up. She is always putting some provocative things out there, uh to get you thinking thoughts. And we're talking about um,

you know, mainstream not CNN. We're talking about mainstream as in Joe Rogan, as in football stars like Aaron Rodgers choosing to get paid in bitcoin, which is big because you know, when you have a brand new technology of technological revolution like bitcoin or any any technological revolution for that matter, there's like this bell curve and you have like the inventors and the visionaries, and before you get to the early majority, there's this this chasm, and the

chasm has to be crossed, which means the mental shift has to happen in the majority for it to really hit the early majority, and in the late majority that goes to kind of parabolic run. And that's where we're at right now. We're right in that chasm. Um, And so I think with the E t F that makes it seem mainstream. Okay, it won't be won't be you know, won't be made illegal. Now, Uh, countries are adopting it. Um. And then you have Joe Rogan and Aaron Rodgers adopting it.

That's crossing the chasm, and Uh, I think it's just gonna take off from here. I think, Um, then you have the addition of you know, cash app, Venmo, PayPal all adding it. So now all these Aaron Rodgers fans and Joe Rogan fans here, but they can easily go buy it. I mean, is this just gonna absolutely blow it up? Or what? It's sort of like instant a super celebrity that's paid so much money. UM is almost

like an institution adopting bitcoins. So it's still not as great to me as you know, a hundred new bitcoiners that might share that same sort of payout that Aaron Rodgers were taking bitcoin. So I'd like to have more people in bitcoin with the same amount of bitcoin ownership that some super celebrity is going to get. But I do like the amount of reach that that has that message. And nobody pays these celebrities to um. You know, these influencers on such a grand scale, nobody pays them. They

do it because they truly believe in the revolution. And that's what's so beautiful about bitcoin. Yeah, I think what's gonna blow it up mark is square cash app. They're releasing a debit card for teenagers starting at thirteen. Now you can have a debit card. Did you see that. That's funny because k YC doesn't let you own bitcoin unless you're eighteen. Yes, and so they're working on that. I saw Jack Dorsey tweeted that out. Um. Somebody asked him what does that mean kids can buy bitcoin on

on the cash app? Said, nobody's working on it, but at least, you know, like a credit card. This has been an issue in our family. I've got three teenage girls, and I would they're all using Venmo. They're using Venmo. We don't get where a cashless family right, So when my daughter wants money for me, I send her Venmo and then she gets the cash from her friend, and then venmo's her friend. I just, uh, we've been we've been wanting a debit card for so long in this family.

It's it's gonna be awesome. And then within the app they're gonna see bitcoin, right, yeah, so that's huge. I mean kids across America. I like that the apps are gonna make it easier for people to get familiarized with bitcoin and and um have some um warming up to it, but it's still something we're gonna have to harness that new group of people and teach them the whole point about self customing. Somebody said it was like training wheels like this, you know, putting bitcoin on Venmo and all

this stuff was like training wheels. Did you see that mark? No? But I mean that's that's one way to look at it. But you know, what happened with the fiat money so well before the fit money system was gold goal is money for five thousand years. And what happens is, uh, gold is very clunky and heavy to use, so then you put it in the banks and then use paper goal certificates and what happened is over a period of time,

people started thinking of paper goal stificates as money. They were only representative of money, but they started to think of them as money specifically. And so I do see dangers. Maybe it's training wheels off look at it that way. Maybe that's a good thing. But like what I'm afraid of. Maybe what Jessica was kind of saying is that um if people start just thinking, well, this is just the way it's done, and then all over again. Yeah, they did that. They took the silver out of their um

coins before their downfall. Yeah, so then if people start thinking, so I get it's it's training was it's easy for them to get started, but they need to like eventually get off the training wheels, right, Yeah, and you mean to say that they need to get it sent off

of those platforms right self custody, Right, Yeah. I like those apps because they funnel they funnel awareness, but we have to capture that to teach them the whole point, you know, especially a community that likes the fact that it's you know, unconfiscatable, well not exactly unconfiscatable if you got it through cash app or some case, or you're one of these big megabanks, you know, false set and security.

I just spend on the talking about kind of like I had made a YouTube video about how I lost two million dollars worth of bitcoin um and uh, A big chunk of that was taken through an exchange, was sitting on in exchange and a big credible exchange, one of the biggest the United States. By that, Uh and uh, I mean it can it can just go. So there's there's there's always risk. But then I customed it myself.

I had in a in a hot wallet on my phone and and that I lost money there too, and so it's it's dangerous, it's it's definitely, it's definitely difficult. And Jessica, I know it's still a jump you need to make yourself. I know, I'm with you, Jessica. I'm actually waiting so we can demo it for a video for a YouTube video or something. So yeah, but I would like to do that walk through because I don't

know anything about cold storage, but I'm certainly a believer. Well, I've got a Ledger and I've had it for a long time, and this past couple of years I haven't used it at all because I've gotten really used to just using like meta mask or so Flair, phantom All or whatever. Uh, and then using companies like Celsius and block Fire and just having them custody. But dude, after your story, Mark, dude, and after talking to you about it.

Oh man, I just got back from a trip and I have not got around to it yet, but that's the one on my top of my list. I've got to get the stuff off of these. Uh, they're not exchanges, but these other custodians I want to myself. I think, you know, most people, we've been brought up in the banking system, and we think that we kind of think of exchanges as banks, and um, you know, we think we'll just leave in the bank. But like, they're not.

They're not banks, and they don't ensure your bitcoin and if they do get hacked or it does get stolen. As a matter of fact, the problem that I'm in the lawsuit over is that they supposedly, when you sign up for an account, you click the boxes. As I read the terms, and in the terms they say, no matter what happens, period, we're not responsible. Even if one of our employees steals it from you, we're not responsible. And so of course my attorneys are like, wait a minute,

like that. You know, you can't just say that, but that, but that's what they say. And so there's uh more examples than you could imagine of of people losing bitcoin that way, and so you have to realize it's not now I think. I don't know if we talked about before, but the f d i C is now working with some banks to see how they could ensure bitcoin and

that could change things. By the way, you're listening to the Mark Mo Show, I'm going to do with two of my good friends, Kyle Wonderley at Kyle Wonderley and the lovely Jessica Von. You can find her at Jessica Van. Of course, I'm one Mark Moss on Twitter and Instagram. Send us a message, say you heard us on the radio, Send us a question, um, and we'll make sure to answer it. The Mark Mo Show, we're talking about bitcoin,

We're talking about cryptocurrencies. We're talking about the decentralized revolution, the biggest opportunity you will ever have in your lifetime. We'll be right back, all right, welcome back. You're listening to the Mark ma Show and we are talking about bitcoin and cryptocurrencies and the decentralized revolution and trying to help you out. I'm trying to give you the information you need to take advantage of the biggest opportunity you will ever see in your lifetime. And I'm in the

studio with two of my really good friends. Kyle Wonderley you can find him at Kyle Wonderley and of course Jessicavan you can find her at Jessica Van and I am one Mark Moss. If you can send us a message,

say what's up or something, ask a question. I don't know, but we're talking about um, obviously we're talking about bitcoin and crypto, but we're talking about how mainstream so athletes like Aaron Rodgers and Russell Kong and um Joe Rogan are getting paid in bitcoin and how easy it is for people to get in now with cash app and venmo and those types of things. But are they training wheels? Well, I guess they are training wheels. But is that a

good thing or a bad thing? Um, Ultimately you need to get off the training wheels eventually and learn to self custom your coins. I think that's kind of where we're app and uh, we're kind of explained some of the pitfalls with that, I think, you know, I think about it as I was talking about earlier. It's like, um, I believe that bitcoin solves the oldest problem of humanity, which is how do I secure my private property in

a way that can't be taken? And so it solves that problem which is massive, and we'll have this massive prosperity on the side if, um, if we shift the power of balance. So like if if one, if someone knows that they can get stronger, get a bigger army, they can just steal my wealth, and then I'm incentivized because I know someone can comes to my wealth. I'm

not incentivized to build and store wealth. And so one side is incentivized to steal and the other side is incentivized not to produce, so neither side is very productive. And if we can shift that power balance, shift the incentive structure. So now um, I'm incentivized to build value and save because I know my wealth can be stolen. And then the other side, instead of be incentivized to steal,

they're incentivized to provide me valuable goods and services. So now the whole world shifts into focused on providing valuable goods and services, solving problems, creating new technologies as opposed to one side stealing this side protecting. How big does that change the world? Well, I love the idea of bitcoiners being an available option for me with um looking for a parallel economic system UM so and the shared come the shared space of hard sound money lets me

know that their values somewhat aligned with mine. And if we're going to build something, I love building with bitcoiners and they're very entrepreneurial people by nature. Um but just agreeing on the fairness. I mean, you know, Wall Street's got its problems, and of course you know inflation and and all that. Just there's so many games people have played with UM fiat that it's it's exciting to build

with bitcoinners for sure. Yeah. I just I just think about man having everybody focused on you know, like being a being a business owner is not a greedy thing, right, the world wants to make them greedy, But like there's solving people's problems. If you don't solve someone's problems or provide value, you don't get paid in a traditional way.

UM and so man if if governments were forced to provide valuable goods and services, and we were more focused on providing goods and services like the explosion of technologies and and and progress. I think it's hard to it's hard to imagine how big that could be. Well, they're not oriented towards solutions unfortunately, but if yeah, it would be a beautiful world. I like your utopian vision. Yeah, man, you know bitcoin, we can have it in a parallel economy.

We just need the power of choice and bitcoin provides that choice. Yeah. Yeah. The way I look at bitcoin in in in government, like you know, for for um El Salvador. You know, these countries that are going to be adopting it, making it legal, tender, it's gonna it's gonna require that government be responsible. Like that's you know, We've been a bitcoin for a while now, so it

got Bitcoin has made me more response. Well, bitcoin has had that effect on me where I'm like, I want to save I want to save this money, you know, like, uh, this this is a this is an inflation hedge um, you know, and and and the more the more you want to save money, the more you want bitcoin. Dude. Something clicked a couple of years ago, right, who wants to save dollars? Who wants to save money nobody. That's why we're spending them as fast as we can. So yeah, dude,

so we all have the same sickness. Like I don't respect the dollar, so I just spend it. I respect bits bitcoins so much that it makes me a responsible person, and it's going to do that for government to write like if if, if you can't just print your problems away and you actually have to have something valuable to spend to get something somebody to do something, you have to have the money to get them to do that. Yeah, responsible? What about? What about what about this? Kyle? Are nonpracticing

lawyer in the house? Um, so what about what about? When? Uh, I won't want to suit you? Why would I sue somebody if I can't if I can't collect money. Don't even get me started on the frivolous lawsuits. Dude. You don't think what I'm just saying, Like, like if if if I sue you and the judge says, yeah, you gotta pay them, Well, how do I collect if you tell the women that they're never going to participate in

marriage again, So don't tip them off to that. But you know what I mean, because like I get a judgment right, so the judge gives me a judgment, But how do I collect if your money is in bitcoin? If okay, the fourth out of the law, out of the hands of the well, the insurance companies are going to have to provide bitcoin right there. That's why I think in our lifetime it's less likely to replace the US dollar because the state's gonna, you know, put its

full force behind having that power over people. I see it as a parallel option for people that opt in, you know, voluntary um opting into bitcoin could be huge anyway, Like, it doesn't necessarily have to replace the dollar. I think the market will decide that if it's actually free, but it's so controlled by the government that you know, the market formerly known as the free market. Anyway, I would love bitcoin, but but government exists. What do we do

about the What do we do about that? It's growing, but it changes. It's well, it's grown by the minute, but it's gonna it's gonna change, right, It's government does not change. Sure. I mean the nature of the state. If you read Rothbard's Anatomy of the State, right, what is the state and the and and or you read the law, I mean both of them basically state that the purpose of the state is to control power, grow its power, and keep its power. But this just changes things.

It changes the incentive structure. Um. But I mean, I think the United States is like five or ten percent of the population of the world, and we have like of the attorneys in the world. Yeah, dude, that's the Fiat money for sure. That's because of the strength of

the dollar. That's because that mighty dollar. So the insurance company these you know, going back to like I'm trying to imagine this bitcoin standard world, this this world where we're only in bitcoin and we're not influenced by the dollar, and what that would do, Like because you asked me, you got my lawyer in mind thinking now, right, So so I was just thinking the the the number of frivolous lawsuits would have to go away, because the only

reason that these exist is because insurance companies are largely subsidized. Right, there's insurance money for days. That's what the whole um, the facade is of of the law, right, that's where the law that's where all these lawyers get all their money from insurance companies. But bitcoin requires everybody to be responsible and to only put put you know if you value money to only put that money where you know you're going to get an actual return. So dude, it's

hard to imagine. It's hard going standard world everything, so many things are gonna have to change. Anyway, Sorry about that, tirade, bro, don't take me back to uh my law, I'll school, I'll take you back to last It's just it's just, yeah, it's hard to imagine that. It's just when you change in central structures. By the way, you're listening to the Mark Moss Show, we're talking about bitcoin cryptocurrencies, Uh, the way they're going to change the world in this decentralized revolution.

It's literally gonna change everything, including the legal system, the insurance system. I mean, it's just hard to imagine. But when we change the power balance and the incentive structure, UM, I believe it just changes the world for the better. Um. And so um, you know it's gonna be the big opportunity, the biggest wealth frands for you've ever seen. And you want to participate, but you gotta make sure you get

good information. So that's why you want to tune in each and every week and hear us discuss all these different angles because um, you know, some people want to be I haven't explained to him in two minutes, like they're five years old, and it just can't do that. You need to put the time in, but I can guarantee it's worth it. You listen to Mark Moss. I'm with my good friends Kyle Wonderley at Kyle Wonderley and

Jessica Van at Jessica Van. Of course, I'm at one Mark Moss and we're here each week bring you the best information on bitcoin and cryptocurrencies and the decentralized revolution. And we're talking about the way it's going to change the world. When we come back, we're gonna break it down even more. So don't go away, all right, welcome back. You are listening to the Mark Moss Show, and we are talking about bitcoin, of course, cryptocurrencies and the decentralized revolution.

This is this will be the most important part of your week each and every week. Make sure to tune in with me. Make up make an appointment on your calendar for this channel this time and join me. I'm in the studio with two of my good friends, Kyle Wonderley at Kyle Wonderley and of course Jessica Van. You can find her at Jessica Van and I am at one. Mark Moss, shoot us a message, give us a follow say what's up, and uh, we're gonna keep talking about bitcoin.

We've covered a lot of ground. You've missed out a lot if you're just tuning in, But we're just talking about you know, bitcoin, the biggest thing in the world, has really changed the world. And before we went to the break, we were talking about how if you change the incentive structure, the balance balance, the power of balance and the incentive structure, how much does that change the world. Of course we don't know, but just hypothetically speaking, right,

if you, if you? If you, we're currently in a system where, um, you know, theft is incentivized by by the government, by theft and by force, and then the people are you mean taxes? Yeah? Well sure, taxes, yeah,

inflation is theft? Um? Well, and then I mean talking about taxes, right, I think we were talking about well, and then and then the people us we're not that incentivized because we know that our wealth can be stolen any time, and the government knows if they raise the taxes too high, then the people will be piste will overthrow.

They won't they won't pay whatever. And so what they do is instead of just raising your taxes, well, we'll just add more taxes to your death, you know, your your state taxes will add more taxes to your cap gains, uh, will tax or unrealized wealth. And they just keep trying to find ways to take more wealth as opposed to trying to find ways to provide more value. The sovereign individual talks about like a dairy cow, and the farmer keeps the dairy cow in a pin and takes as

much as much mooke as it once. But what happens when the cow can grow wings? Eric Jessica's got the book. What happens when the cow can grow wings and fly away? Right? And so when the state is forced to provide a valuable good in service and so yeah, I don't know, it's just I don't I don't know how big how much that changes the world. But it seems like it's going to be a much better place. That's my utopian vision for sure. Yeah, it's uh, it's fun to speculate,

it's fun. It's fun to think about a world that would be bitcoin only. I think, uh, I think the more that you do that the more of a bitcoinner you become. You know, Mark, I've listened to you and Jessica, and I know there are other bitcoinners that you connect with constantly. I've listened to you in spaces a number of times. And it's so crazy to me how much in common bitcoiners have once you understand bitcoin and you and you and invest your your time and energy into bitcoin,

it's so many. It's so funny how all these other little things in your life, like the way we eat, like our health regimen, you know, like the way you see politics, all these other things are like they all fall in line. It's such a it's such a cool community. Jessica, how has it changed the way of you politics? Yeah? Well, you know it was. It was a tool of UM political paradigm shift for me. And it was a uh um just a non violent productive means of me UM

funneling that energy, my revolutionary energy. Because complain all you want on the internet, but what you know, if you have an option to UM opt out by either moving like I live in Los Angeles, I could move and that would send you know, some sort of a message, but also pulling my FIAT out and signaling my confidence and talking about it because I'm basically, um, you know,

a bitcoin uh evangelist. Snow, that's my new job. Yeah, what about I think, Kyle, you were staying earlier about like you know, I think the bitcoin thing that like changes your time preference. Yeah, so you're talking about how you don't want to spend your bitcoin, right, you want to save it. But then it starts applying to every area where you start looking at a longer time preference within your health. I don't want to eat fiat food.

I want things that will give me long term health with my food, right, I want things that will build long term relationships I want and everything all of a sudden gets like more important at least I don't know. It seems like it gives you I can call like orange colored lenses and then everything just like, um, you start you stopped wanting the shortcuts and you really want to start kind of building and investing in your life, and in all those areas, it does remove and mitigate

your impulse quite a bit. Um. You know, I'll send you stocks or something and you're like, you know, this is this is great, but how is it going to outperform bitcoin? I'd rather just have more bitcoin and and now I hear your voice like echoing in my mind, you know, And it's good. It's good, it is. I don't I don't want to spend my dollars because I know I could just be buying bitcoin with those. So when we go to the grocery store, we go to Target. I used to be a pretty frivolous spender. Like we

have a pretty good budget every month, Mike. If whenever I'm going to the grocery store with say last my wife, I'm getting whatever I want, right, I just throw it in the I don't care what it costs, Like I like snow crab legs, right, since I I don't get hamburger meat now hamburger meat, I don't get much anymore. Everything I have goes to the bitcoin. So I'm way more of a saver than I've ever been in my life. Well, I think when you see, you know, bitcoin has been

the best performing nasset in history. It's been It's been compounded per year, So it's like, shoot, I could I could have the crab legs or this, this will be worth two or three times as much more money in a year from now. And it's like like I could go to Tabaroo on a surf trip. But that's fifteen grand, or that could be fifty grand next year if I

put in a bitcoin. Yeah. And you know what's what's unique about this, though, is that we're in a time period right now where this it's not always going to be like this. At some point we're gonna have full on adoption where bitcoin correct me if I'm wrong, Whiles, I mean, you know better than I do. But we're gonna get to a point where where we've gone through this long period of adoption, and maybe it takes five

or ten years or who knows. But then I think now that we have money, it behaves more like money, and it stops being so volatile, it stops growing so much, and uh, I think it becomes more like gold is right now kind of like not really, you have to think about it like this, So you either have you either have scarcity of money or scarcity of assets. So right now, we have unlimited amounts of money, so the

value accrues in the assets. But when we have a fixed supply cap of money, but growth and assets continue and we have the value of the growth of the money goes up. The value of accruing the money bitcoin. Bitcoin's price will keep going up because it always going to be the money will be divided by the amount of assets, and and right now with an um gonna supply right the assets go open value. That makes sense.

The government should like bitcoin as a store of value for you know, the cultists like us that UM put our money there now because um since they are actively gunning for personal property, they'd rather you get out of things like um um owning homes in that type of thing, So they should feel favorable about bitcoin in that way. At least it gets you out of that market. Mm hmm. Yeah, yeah,

it's interesting. It's like like, you know, humans are just we're really bad at imagine in the future because we can only imagine better versions of today. But if I can imagine a world where we all thought about providing value to two people as opposed to trying to take take take, you know, I think Kyle, we were talking

about last week. We're hanging out and how you know, all these people are trading cryptocurrencies or trading options on robin hood UM and for the first time option is are now have exceeded stocks and basically everyone's trading but they're not providing any value trading and trading trading, there's no value that's being created. And then what they're doing is they're increasing their dollar supply, and then they're going and trying to buy goods and services from other people.

And so it's actually it's a net drag on the economy, which is bad. I heard this morning. I heard this morning that people what was it, five percent of the people that quit their jobs. Dude, I can't you know what. Maybe I shouldn't even say this, but it's somewhere, you know, somebody could look it up. Five percent. I don't, I don't know. I heard it on the radio. Five percent of the people that quit their jobs. Um, five percent of those quit because they're making money in crypto. Yeah, yeah,

that's the well. And yeah, I saw I saw something similar. By the way, you're listening to the Mark Moss Show. We're talking about bitcoin, cryptocurrencies and the decentralized revolution. I'm in the studio with my good friends Kyle Wonderley, uh at Kyle Wonderley and Jessica Vaughan. At. Jessica Vaughn. Look us up. I'm one Mark Moss. Send us a message, say you heard it on the show. UM, we'll be back with more Bitcoin, cryptocurrency and decentralized revolution.