The Mark Moss Show Nov 15, 2021

about cryptocurrencies, We're talking about the decentralized Revolution. I'm bringing you the most up to date information on a regular basis so you can stay informed, so you can take advantage of what is seriously, literally, I'm not trying to exaggerate the biggest opportunity that you'll ever see in your life, not just not just your life, in my life, but multiple generations. It's literally that big. It's a it's a

technological revolution. It's already making people millionaires and billionaires, and you need to take advantage of this if you're not already. And so I'm trying to bring you that information each and every week so you can take advantage of it. Bitcoin, cryptocurrencies and the decentralized revolution. Now, just real quick, if

you're listening, you know how important this is. You don't want to miss it, So grab your phone, put a reminder the station this time, this channel, and make sure to tune in with me each and every week, because I am going to be giving you is asymmetric information that means information most people don't have. You'll be more informed than most people. You'll be able to go to that party and you'll seem like the most knowledgeable guy there because you've been listening to the Markmas Show and

I'm filling you in on the most important things. Now, let's just go ahead and jump right into it. Now. If you listen to me each and every week, you know I say over and over and over that the price is a short term distraction. All right, it's a short term distraction, but it's also what I like to call a loss leader. It's the bait and switch. It baits you in on the price. I'm hoping to make more U S dollars, I'm hoping to increase my US

dollar stack. So it baits you in with hopes of getting rich, and then it switches you into understanding this is a tool for freedom. This is a tool to change the world for the better. It's going to be an amazing world on the other side of this when we have a bitcoin standard. Now, but let's talk about the price, because it is the bait and switch. It

is the bait that brings you in. And of course, if you're paying attention to Bitcoin in the cryptocurrency space at all, then you probably already know by now, and if you don't, Bitcoin hit a new all time high this week. As a matter of fact, we got up over sixty eight thousand. I think we almost got to sixty nine thousand dollars sixty nine sixty nine thousand US dollars, that is, uh, the entire cryptocurrency markets market cap jumped up as well. We hit the three trillion dollar market cap,

which is amazing. So the market cap basically means um all the existing token. So like with bitcoin, for example, there will never be more than twenty one million bitcoin, but right now there's somewhere about eighteen and a half a million that are already in circulation. The rest will come out at some point. And so you take the price of one bitcoin, so at sixty eight thousand, for example, UM times the existing supply UM, then you get the market cap. So right now hims the existing supply UM,

then you get the market cap. So right now bitcoin is about sixty five thousand, there's about eighteen point eight million in circulation. So you take the sixty five thousand times the eighteen point eight and it gives you a market cap of about one point two trillion dollars. So that's kind of how that works. And just if you're wondering, now, um, one thing that's a little bit misleading about the market cap is it's the market cap, um, it's the price

of the coin itself. Or so for if we're talking about ethereum, it's about forty seven hundred dollars, and there's about a hundred and sixty six uh forty seven hundred dollars, and there's about a hundred and eighteen million ethereum in circulation, and so then you would take the forty seven hundred times the hundred eighteen million in circulation gets you about a market cap of about five hundred and sixty one billion dollars. Now it's a little bit misleading about those numbers.

Just so you know, is that tells you the dollar amount of one unit times the amount of circulating supply. No different if you're talking about Tesla stock or Facebook stock, or I guess I should say, now the Meta stock. I don't know if they've officially switched over yet, but um, you would take the price of that stock times the

circulating supply. But it's a little bit misleading because what we typically like to do as investors, we want to know what the fully diluted supply is, the fully diluted

market cap, So what does that mean. So we take the price of bitcoin at sixty four thousand or sixty five thousand times not the circulating supply which is about eighteen almost nineteen million, but times the fully diluted So with bitcoin there will never be more than twenty one million, So you take the twenty one million times the price,

and that's a fully diluted market cap UM. When you're looking at stocks again, Tesla, Facebook, Google, et cetera, UM, they have they have a max right, they can't just create more Tesla stock out of thin air. Now sometimes they split it, but that doesn't make more of it, It just divides it more UM. And so you would

talk typically talk about the fully diluted price UM. And it's important to understand because with cryptocurrencies, a lot of them, like etheroryum for example, we don't know how many there will be pausi for dramatic effect. There again, we don't know how many there will be. So if they always continue to make more and more more with no end insight, how do I know how much it's gonna be worth? Because what happens is um and and let me give you some examples of some real world so this week,

UM so a little bit about me. By the way, you listening to the Markma Show talking about bitcoin and cryptocurrencies and the decentralized revolution. And I'm trying to bring you the information you need to get ahead. Um And I'm an investor. I've been a full time investor for over twenty five years. Um And this week I got into three private deals. So these are you know, venture venture around prep pre I p O kind of deals. And I want to know what price I'm investing at.

So one of the deals I got into is a forty million dollar evaluation um And I want to know what that fully diluted is. And because what happens is once I buy it at that amount, they can't print more, they can't create more stock because it would dilute me. It would make my existing stock worth less. So you wouldn't want to do that, right, It makes sense if you held Tesla stock, you wouldn't want Tesla to go

increase the amount of Tesla stock either. But cryptocurrencies are different, where most of these cryptocurrencies, we don't know what the fixed supply is. And to me, that's the problem, Right, how do I know what valuation I'm going for? So, for example, in this private deal, I'll talk about more about it later and maybe some different episodes. Um. And actually, if you want to hear more about some private deals I'm doing in these spaces, UM, send me a message

on social media Twitter. I'm superactive on Twitter, Instagram at one Mark Moss and uh, you know, give me some feedback if you want to talk about more of that, I can. But basically my point is is I look at this company and I'm investing at a forty million dollar valuation. That's a lot for a startup, right, Well, shoot, how much could this startup be worth? Could it be worth five million? Four million? Could be could could have a ten x? Could it be worth a billion? Could

have a twenty x? Right, And so I'm trying to say what could this company eventually be and then what would my return be if I if I held it until that point? Um? But I know that because they can't create more shares, So with bitcoin, they can't create more shares, and so I know, hey, bitcoin could absorb you know, the gold industry that's potential and dollars, could absorb the offshore banking industry that's um you know, thirty to forty trillion dollars. It could absorb the debt market.

There's no two sillion dollars. And so eventually bitcoin could be worth you know, hundreds of tillions of dollars. And I know, based off the amount of tokens I have, what that will be worth. But if you're holding something else, another token that could just continue to print and print and print create more tokens, then it doesn't ever tell you what your valuation would because it's inflating spites devaluing

you're holdings at the same time. So anyway, hopefully that that helps you out with your with a little bit of investing lesson. That's a that's an important thing, especially if you're gonna be putting your money into some of these these projects that are kind of like venture plays.

But anyway, back to bitcoin. So we we did hit that you know, sixty eight sixty nine thousand price point this week, and then it quickly turned down like everybody was like no. As a matter of fact, it was about about sixty nine thousand dollars and then it just got rejected and went down and crashed, and uh, everybody's freaking out because it dropped all the way down to the price where it was like two days before. But you know, that's the thing. It's just volatile, and you

gotta be gotta be willing to stomach those drops. But as I say, the price is a distraction because if you're with me to every week, you know there's two things that you need to be paying attention to in new technologies like cryptocurrencies, and that is one the network growth, how many users are coming on board, how fast is that network growing, And to how much development is being

done on the technology itself. Obviously, if there's no developers and they're not developing anything new and it's dead, then it's I wouldn't expect to go up in value. And also if the users weren't increasing, I wouldn't expect to gop in value. So I watched those two things, and then the price will eventually get where the price is

going to be. And this week we have had some massive, massive developments on those two levers, both the network growth and the development on the network, And uh, I'm gonna tell you what those are, because again, those are the things that you should be watching for. Um. So we'll talk about that. By the way, you're listening to the markma Show. We're talking about bitcoin, we're talking about cryptocurrencies,

and we're talking about the decentralized revolution. I'm bringing you the latest news each and every week so you can take advantage of this asymmetical opportunity. Like I said, there's millionaires, there's billionaires being made. You can be one of them if you get in now. Now. I know a lot of people say it's too late. You know, I should have bought five years ago. Um, And I'll say that. You know, the best time to plane a tree was twenty years ago, but the second best time to planet

tree is today. And in five years from now, you'll be wishing you had bought cryptocurrencies today, five years before. So you're listening to the Mark More Show. When we come back, I'm gonna tell you what is going on with the network growth and the development on the network. So stick with me. I'll be right back. Hey, welcome back. You are listening to the Mark mass Show. We are talking about bitcoin, we're talking about cryptocurrencies, we're talking about

the decentralized revolution. It's sweeping the world by storm. And if you're not paying attention, I don't know where the heck you have been. I mean, it is dominant, aiding headlines. Well, I guess there's plenty of other bad things going on in the world today. That's a that's taking up some headlines as well. But we're gonna focus on the good things. We're gonna talk about how we can change the world. We're gonna talk about how we can make some money

along the way. And before the break, I was explaining how you know, the price is a distraction, but I talked about the price because of that bait and switch. But I was saying that the two things we really want to pay attention to our the network growth and the development that's being done on the network. And so those are the two things that we always want to be paying attention to. And so this week, man, I mean just every week. That's why you have to be

paying attention to this. This week we had big news, big big, big time development is is going on and um, a matter of fact, what we saw this week a couple of big things. One Twitter, which is probably my favorite social media app, by the way, if you're following, if you're on Twitter, you should follow me one Mark Moss. That's just the number one Mark Moss. Sammy a message, tell me you heard me here. But the CEO of Twitter, Jack Dorsey, he is a big, big, big time Bitcoin bowl.

We call him a bold meaning he's bullish, meaning he he believes in it. He's a he's long bitcoin and um, he's been long bitcoin. And Twitter announced that they are launching a dedicated crypto team. So the social media company said Wednesday it is assembling a team called Twitter t W t R Twitter Crypto to look into ways to help creators on the app to earn money or accept cryptocurrencies such as bitcoin for payment and other ways to use blockchain technology. Oh so they're gonna do a bunch

of development on bitcoin for payment. Now, for some of you that have been tuned in each and every week, then you probably know that there is already a little bitcoin integration into Twitter. So I have it on my on my account. Most people do. And so again, if you're on Twitter, send me a message and maybe send

me some stats. But basically right in Twitter, right on your profile, there's like a little icon that looks like a little bit of money, like a little dollar bill kind of and you can click on it and you can send either money dollars or you can send bitcoin back and forth to other users on Twitter. So it's already kind of in there. And so what they're saying in this in this release is that they're looking for ways that they can continue to do that to help

creators on the app to earn more money. Let's talk about this, so that this is led by a new higher software engineer, Test Renaisson. It's gonna report to Twitter's chief technology officer, and they're looking to fill a couple of roles there, and they say they're gonna set the strategy for the future of crypto on Twitter. They see how big this is going to be and they are jumping in now. To to break this down a little bit,

I want you to understand this. So first of all, we have the smartest people in the world coming into bitcoin. I mean the smartest investors. I mean I'm talking old dinosaurs like Ray Dalio and Stanley Druck and Miller and Paul Judor Jones. I mean, these are the titans. These are the biggest names I know. You know, Warren Buffett, but he's kind of he's kind of passed his prime the last couple of decades. He hasn't done too good.

But like I'm talking the Druck and Miller. Maybe don't know these names if you don't not investing, but Radiality you probably heard of. They're all on bitcoin, They've all come over. And then you have some of the smartest tech people like Twitter, like Jack Dorsey and so I know a lot of you are listening to this right now, by the way, you're listening to the Mark Moa show.

We're talking about bitcoin and cryptocurrencies, and you know a lot of you are like, ah, it's it's a fad, and know it's a scam, it's a joke, it's worthless, it's going to be illegal, you know whatever, all these things, and I would just ask you just to check your own bias. Right. So, as humans, humans are horrible investors. And the reason why humans are horrible investors is because

we're emotional beings. And as emotional beings, humans are really motivated by only two things, and that is we're motivated by UH to move towards pleasure and away from pain. And we also have all these biases, and so we have like normal cy bias. We think whatever is happening now is normal and it will continue. And so we have all these biases. And so I know a lot of people think it's you know, I get five thousand comments a week across my soul for media. I see it.

It's a joke, it's a scam, it's a fad, it's worthless, all these things. But do you really think you're smarter than the CEO of Twitter? Do you? Because that would be a pretty boastful, prideful thing if you did, because they're probably the most cutting edge social media platform out there. Uh, you're probably not smarter than they are. I'm not. I'm certainly not. You're probably not smarter than Stanley Druckon Miller and Ray Dalio. You probably haven't studied financial markets, in

monetary the history of monetary systems like Ray Dalio. He's one of the best when it comes to history of monetary systems and credit cycles. That's his big thesis. So I know a lot about that as a matter of fact, that I do a lot of talk, a lot of thesis about cycles, and I get a lot of what I do from Ray Dalio. He's the master. So I haven't done as much research as as he has, so I'm definitely not smarter than him. And he sees it, Paul Tutor Jones sees it, Stanley Druckon Millers and Twitter

sees it. So you may think you're smart, you may think it's a joke of scam, a fat a trend, whatever. But again I would just ask you to your bias. All right, Now back to what they're saying here, I want to I want to pull this piece up. So they said that they're looking into ways to help creators on the app to earn money, all right, creators to

earn money. Now, the first thing that I want to say is that right now we're seeing this explosion of cryptocurrencies and they're promising to you know, save the world. Right we're gonna manage supply, let us on the supply chain with cryptocurrency, and we're gonna buy movie tickets with cryptocurrency and all these things. Right, well, we can already buy movie tickets like that that that's not really broken. And uh, I don't know the last time you got

excited about like a movie theater upgrading their software. But like I don't even know what software. Movie theaters run to sell tickets and frankly, I don't care. Frankly, I don't care. Right, Uh, what is being done here? This is a revolution with money and and that's that's what it says. Here. We'll help creators on the app to earn more money. It's the payments. The payments are the problem.

The payments are the problem in the world. So the dollar, the money system is concentrated by the Central Bank, by the Federal Reserve. They control the money supply. Remember back to my lesson talking about the market cap. Well, they can just print his many dollars they want whatever, and that steals the value from my dollars. And so that's

a problem. But also the censorship of my money. So for example, PayPal teamed up with the Anti Defamation League and they made a list of all these people that shouldn't be allowed to get payments. No, these are bad people. These are bad people. Uh they're right wing, their left wing whatever. Let's block payments to them like only fans. Uh, you know reported they were gonna lose like eight percent of their business. They were gonna stop doing uh you know,

adult material. We'll call it that. Um and I'm not here to say that was good or bad. But the point is is that who is anybody else to determine who can and can't get money? Right? And so really it's the payments, it's not the networks themselves. If we can fix the payments, I think everything else will fix itself. And that's exactly what they're attacking, right, That's exactly said creators on the app to earn money. So as a creator, I'm a content creator. I'm creating content talking to you

right now, and so, um, how do I get paid? Well, imagine if my followers, my fans, my subscribers could pay me directly for the content I provided, for the value that is provided to me. Right in the world, we get paid for the value we provide. So imagine if I was working so hard to provide value to my followers that they felt so inclined to send me money, to tip me money, and they do. I mean I do it on YouTube. I do like a power of

Power chat or whatever, and people can tip me money. Um, And so I work hard to provide them value and they pay me back directly and then I don't need intermediaries. I don't need people in the middle that is going to change the world. And the way it changes the world is now, I'm focused on trying to provide as much value as I can to you, and you can bring that value back to me, and that's what Twitter

is doing. But there's actually another strategy. You know, if you use these Twitter and Instagram and Facebook, you know the spam and impersonal accounts are out of control and they are going to fix that. I'm gonna explain that to you when I get back. You're listening to the Mark Moa Show. We're talking about bitcoin and cryptocurrencies and the decentralized revolution. I'll be right back. All right, welcome back. You are listening to the Mark ma Show and we're

talking about bitcoin. We're talking about cryptocurrencies, we're talking about decentralized revolution. And before the break, I was talking about how Twitter announced that they are assembling the team and they're launching an entire new crypto initiative and they said that they want to they're looking for ways to help

creators earn on the app. But what's really cool about this and I was kind of talking about, you know, how much of a revolution that's going to be when creators can get paid directly from the people that benefit from their content. Um. But um, you may not notice, but if you use Twitter or Facebook or YouTube, you'd probably have noticed by now that the amount of spam on there is out of control. Now, me being a content creator, I probably have dozens, at least douzens of

impersonator accounts every day. Um. And so there they copy my entire Twitter profile, my entire Instagram profile, my my YouTube profile, and they use my picture, they have my content, and then they start direct messaging people. By the way, let me give you a warning if you ever receive a d M, a direct message from Mark Moss on any of those platforms saying hello, how's your trading and investments going? Let me help you make more money by trading.

Just I'm telling you right now, that's not me. I'm not a trader. I don't I don't I don't trade. I don't think you should trade. I ain't gonna help you do it. So if you get a message just now, it's probably from an impersonator. But it's become a massive problem, and I mean a massive problem. And unfortunately, uh, like I said, as a creator, is happening to me all

the time, and people are falling for this. I get messages from people all the time that say they lost five thousand dollars by sending it to these scammers, these impersonators. It's a serious problem. And what what makes me mad is that YouTube or or Twitter or whatever built they'll censor my account. They'll ban my account if I use one of these wrong words. They can see them even in my video. They'll transcribe the video, they'll know if I use the wrong word, and they'll ban me. Um.

But they can't stop these It's pretty interesting. They can't stop that. I think they would be able to figure it out. But Bitcoin is solving that. So what happens is um there, they want to look for ways to integrate this. So what they all all they have to do is they have to put a little bit of a fee in there. So actually interesting story. UM. A lot of people think that bitcoin is kind of like my Space and eventually like Facebook will come along like

one of these other ten thousand cryptocurrencies. Is the is the Facebook and and bitcoin is the dinosaur that is, um, you know, the old technology like PayPal, but that's I'm sorry, like MySpace, but that's just not true. As a matter of fact, they had been. There was I think about five or six different versions of cryptocurrencies before Bitcoin came along, starting from so for a decade there was about four five pretty notable UM attempts or five pretty notable UM attempts.

One of the guys who who was one of the founders of bitcoin that helped write it, Adam Back. He was actually the the way that he kind of discovered that bitcoin could work is that he was trying to solve a problem with email spam, and he figured if he could put a little bit of a cost onto the email, it would prohibit spam. Because what spam does is they just blast everybody, right, and so if they had to pay even a little bit, like a like a fraction of a penny even it would be too

cost prohibitive for them to do that. And so um, they're looking for ways they can do that. So in Twitter, for example, if they said to create an account, it's you know, ten Satoshi's which is like a you know, a tenth of a penny or something like that. Um, So it's it's not it doesn't really cost me or you anything, um, but it would be prohibited for spammers

to do that. Or to send to send messages, it would cost you, you know, a fraction of a penny, which to me or you is no big deal, but to these spammers it would it would prohibit them from doing that. Now, of course, the problem is there's no way to send a fraction of a penny over the internet. There's no way to send a penny over the internet. You can't even send ten cents. As a matter of fact, I don't think you can send like less than a buck.

You can, like it's like thirty five cents for for you know, transaction typically you know, you go to restaurants, they say, you can't even do a c h if it's like less than five dollars, right, So how do you send fifteen cents over the internet? You can't, And so bitcoin can fix that, And that's exactly what Twitter is kind of working on. As a matter of fact, there's a there's an app that I'm going to be

moving into. It's one of the companies that I'm invested into and I'm gonna be working on, and it's called zion Um. I'm building a community on there. I'm not it's not fully built out yet, so stay tuned for that. But Zion is built on the Bitcoin network and it's it's right now. It's kind of like like Telegram. If you guys have used Telegram, which is also a dumpster fire for spam. Um, if you're on if you're on Telegram, if you're if you're in the cryptospace, you're probably on Telegram.

And what happens is you get you get added to these new groups like I didn't join this group where it come from, and then you start to get spammed, and I mean it's just a dumpter dumpster fire. And so basically Zion is kind of like a Telegram where it's like basically kind of like one long feed and everyone can kind of communicate and talk between themselves. And then me as a content creator, I can have all my podcasts in there, so you can come in listen

to my podcasts. You can community, you can you can chat back and forth with the community. But what's cool about it is because it's built on the Bitcoin network. Now, a lot of people think bitcoin is dumb and slow and stupid and there's way smarter ones out there today. But as a matter of fact, all the developments being done on bitcoin, and so this this app, Zion it's

literally built on the Bitcoin network. And so on Telegram, when users are chatting back and forth to each other or sending messages back and forth on Telegram, it goes through Telegram servers. Wherever you're using WhatsApp, it goes through what's app servers, right, um. But when you do it over Zion, it doesn't go through Zion servers. Instead, it actually goes peer to peer over the Bitcoin network. And because bitcoin is censorship resistant, that means nobody can stop it,

block it, or prevent it. Nobody can see it, steal it, or prevent it. So it's completely censorship resistance, completely sovereign. So that's pretty cool. But but back to this kind of integrating payments like what Twitter is doing, um, Zion has already put that in because it's built on the bitcoin network. It's it already natively has payments built in. And so in order to join my community, I can say, yeah,

it's you know, it's ten stats. Uh. To put that into perspective, about fifteen hundred one five hundred stats is is about a dollar. Uh. To to even further explain that, for you, um, a dollar is divisible into one hundred cents, right, A bitcoin is divisible into one hundred million stats, same thing, just a different denomination, a different, different divisible amount, And so about a roughly thirteen to fifteen hundred stats equals a dollar. So ten stats is nothing, right, it's a

fraction of a penny. But I can say, hey, it's it's ten stats to join my community. And then in order to post messages, you put up a ball and a bond, like a bell bond. Right, if you're if your body went to jail, you to bell amount, you put the money up. If he shows up the court, you get the money back. Right, So it's kind of the same way where I can put up a bond, I put up you know, ten SATs or fifty stats to post the messages, and as long as those messages

are good, I I keep my bond. But if if the community manager marks it as spam, I lose my money. And again it's it's not a big amount, it's a fraction of a penny, but it's enough to stop the spam. And so it's a massive problem. Zion's got it fixed because they're natively built on bitcoin, and it looks like Twitter is trying to do the exact same thing. And I applaud them because boy do we ever need it more and more and and staying on this train of

development right again, the prices of distraction. We're looking at network growth and we're looking at development on the network. Those are the two things. And so um, this week, UM, that wasn't the only big news that came out Twitter. I mean, obviously Twitter jumping on and building building products on it was really really big, But they're not the

only ones. And so we saw also this week, UM, one of the founders of PayPal came out and said, um, hey, you know, we think this is gonna be the next thing. We think that that the cryptocurrencies are it. We think that the dollar is dead, and they want to continue building on it as well. And so I think that's just important to understand that when you see companies like Twitter, when you see companies like PayPal um integrating this building

on it again, that's the development. And when that development happens, that builds value into the future because you know, as those new products, as those new features come out, as they're introduced, more people will use it, which then of course brings back the first level, which is more users

and continues to build more values. So if that's making sense to you, again, we're talking about bitcoin, we're talking about cryptocurrencies, we're talking about the decentralized revolution, and you're listening to the Mark Moss Show. I appreciate you hanging out with me, and hopefully you hang out with me each and every week at the same time on this AIMS station, because this is literally the biggest opportunity you're

ever going to have in your life. It's that big, and the only way you can take advantage of it properly is by having the right information. If you have the wrong information, you buy at the wrong time, you sell at the wrong time, you don't understand what you're doing, you don't get enough, you buy too little, you buy too much, and so you don't make good decisions unless you have good information. And I hate to tell you, but most of the mainstream information you're getting is wrong.

I've been studying it, researching it, writing about it. I've personally written and published over one thousand pages myself of cryptocurrency research. And so you know, I know a couple of things, and I'm trying to share my information with you straight from my seven years of hard work. Are right into your head. Each end every week on this channel, you listen to the Mark Mass Show. I'm gonna be right back telling you more about bitcoin and cryptocurrencies in

a second. All right, welcome back. You are back with me again. You're listening to Mark Moss Mark Moss Show. We're talking about bitcoin, We're talking about cryptocurrencies, we're talking about the decentralized revolution. And each and every week I'm trying to bring to you the most up to date information so you have the right information that you need to stay in the biggest trade, the most profitable trade that you've ever been in. And of course that's understanding

the network growth and the development on the network. And so for example, um, two months ago bitcoin had or maybe it was back in May, so four or five months ago, I guess at this point um bitcoin hit hit its previous all time high of sixty five thousand, and then it proceeded to crash all the way down

into thirty range. And so if you didn't know what you were doing, let's say that you just you know, your buddy told you to buy some and you did, but you didn't know he didn't tell you why, he didn't tell you what it was you kind of heard some some some buzz online or something like that. You're like, I'll take a flyer, what the heck? Right? And you bought some at fifty sixty and then it drops all

the way to thirty five thousand. You might freak out and you might go, oh, shoot, I can't believe it. I don't why did I buy that. I'll just sell now, I'll just I'll take my money and I'll just go home. And you do, and you sell and you take a loss. But if you understood what was going on, you wouldn't be shaken out. And so we call that what we call the weekends, or like paper hands, their weekends. They

can't hang on tight. And the reason why they can't hang on tight is because they don't know what they're doing. Before you ever buy any investments, you have to understand a couple of things. One, what is it that I'm buying and to what where do I think it's going? And three what are the things that are going to happen in order for it to get there? So, for example, I've used a real estate as examples. Before I heard they're going to build this new development outside of town

in five years. Okay, that's the why. So I'm gonna go buy a piece of land nearby, that's the what. And then how much is it gonna be worth? While I think it's gonna be worth you know, X amount when that new development is built. And so let's say that the price of real estate went down in next year, what I freak out and sell the land? Well maybe, but I would need to see if those three things were still true. Is that development still on track? Yes, okay, Well,

then I'm gonna stay. I'm gonna hold on. I'm not gonna have paper weak hands. Sometimes people call him let his hands. I'm gonna have diamond hands, strong hands that are gonna hang on because I know what's going on. And so if you know what's going on, then you wouldn't have sold at thirty lost half your money, and you would have stayed in it and you would be sitting on new all time highs. And the problem is is that most people have bad information. And they have

bad information for a couple of reasons. Typically there's two reasons. One, they think they're too smart. What do I mean by that? Almost the smarter people are, the smarter they are with the economic system. Almost the harder time they have of getting bitcoin, so they will be like they take a look at it. Oh yeah, I get that, I understand it. It's kind of like digital cash, or oh yeah, yeah, I get it. I getah, it's like digital goals. Okay, sure,

I get that right. And so then they they think they understand it because they're so smart, but they didn't really ever take the time to put into it um And then it goes to the second um problem, which really they're actually kind of the same now that I think about it. The other problem is that most people aren't so they don't think they're so smart. They're just lazy. They're just lazy. I mean, if you're staring at the greatest opportunity of your life that could literally change your

entire life. I don't talk a lot about the amount of money that I've made, uh know what I want to, but let's just say that during during during the crypto run from seventeen, I was writing a cryptocurrency research newsletter. During the time I was publishing that newsletter, I put out over twenty positions to my readers that went up over one thousand per cent. The best call I ever put out went up over a hundred thousand percent. That

turns five hundred bucks into half a million dollars. So if you were sitting and if you were staring at that kind of an opportunity in front of you, don't you think it'd be worth a little bit of your time to take a better understanding of it. But most people don't. They're lazy, they don't pay attention. They or they're so smart, which they're also kind of lazy, but they're so smart they're blinded by it. So let me give you an example of this. And so this is

the problem. This is what I'm trying to save you from. By the way, you're listening to the Markmas Show talking about bitcoin and cryptocurrencies in this decentralized revolution that's happening. And I'm gonna give you an example because if you're reading headlines. There's another problem that I have is today people want to read the headlines and they don't even bother to read the article. They just read the headline

and they think they understand it. But the problem is, in today's clickbait world, usually the headlines are very misleading. And so I get, you know, I break these things down into videos and they'll take a super complex subject, can break it down into like a twenty minute video, and people are like, hey, too long, too long, give me the short version. And I'm like, dude, if you can't even take twenty minutes understand this complex subject, you're

never gonna make it. But let me give you an example. So here's a business insider. Okay, business insider. This is a big website for for for financial people. Ken Griffin thinks bitcoin will be replaced by ethereum and says the reddit fueled conspiracy theories about his involvement in the GameStop saga are like a bad Saturday Night Live joke. So um, this guy said at else Kin Griffin, he said it's going to be replaced by a superior cryptocurrency like ethereum. Okay, well,

he obviously doesn't understand what it is. Just based off of that comment, you can understand now you could easily say and really where most people that are, you know, somewhat educated wouldn't say that. That's like trying to compare an apple to an orange. Right, one doesn't really replace the other. Um, I might argue that we don't need oranges, we only want apples. Um, that's that's a that's a

different story for a different time. Um, But what he's saying is that, uh, Griffin believes the next generation cryptocurrency based on the ethereums blockchain will likely to displace it due to its faster transactions per second, smaller energy footprint, and lower transactions cost. All right, so this is how ignorant he is. And I'm sorry to use that word. I know that might be a little bit strong. So again, let me read that again. Griffin believes, now this is

this is a guy from Citadel. This guy is a billionaire, right, Like he's a baller, like, I mean, he knows way more about how to game the financial system we get rich than I do. But this is just an apparent blind spot, he says, um based on a theory, and blockchain will likely displace bitcoin due to it's faster transactions per second and lower transaction costs. So what he's missing is that the way technology works is actually the same

way that money works. It works in layers. So gold is a base settlement, right, So if I was going to pay in gold, I have in gold. Eventually we got as hard as we did paper gold certificates. The paper goal certificates were easier to transact. That was a second layer. And then we got bank checks that's a third layer. Then we got credit and debit cards. That's a fourth layer. Then we hook Venmo to our credit cards.

That's a fifth layer. So now that find down. The find system has five layers, right, and so each one gets faster. Gold still really slow. Paper gold is faster, but Venmo is the fastest. Well also Bitcoin and technology scales like that. So Bitcoin, or like the Internet, you have T C P I P, that's the protocol, and then you want email, okay, HTTPS you put that on top or I'm sorry SMTP, and then you want security, so you put HTTPS and that's layers and Bitcoin is

the same way. So back to his his comment, um it will a bitcoin be displaced because Ethereum is faster transactions and lower transaction costs. So right now today um bitcoin has a second layer. It's called lightning, and I can already transact bitcoin faster and cheaper than any other cryptocurrency instant. I mean I'm talking like by the time you hit the button on your phone to send it, before you even release your finger off the button, the

money is already there and it's done for one SAT. Remember, fifteen hundred stats is a dollar, so one sat is one of a dollar. Um. So he obviously doesn't even understand. Now this is not a big secret. Um. You probably are aware by now that the entire country of El Salvador has adopted bitcoin and you can go to Starbucks or McDonald's or the papoosas down in the corner and you can pay in bitcoin right now today. It's been that way since September. September seven's when the law into place,

that it's been working since before that as well. I've been there personally and I've I've bought things there like a coffee or whatever with bitcoin, and I do on the Lightning network, and it's faster and cheaper. So for someone like this to have either either he's a liar, which probably is not the case. I'm not accusing of that, but he's ignorant. And so if you're getting information from

people like that, you're gonna have a tough time. And that's exactly why I'm trying to come to you each and every week to give you the information you need so you don't get shaken out with your weak paper soft let his hands if I give you the right information, you can have strong diamond hands. There's a This isn't a financial advice in my opinion at this point. It's the best risk adjusted trade I've ever seen in my lifetime. There's easy ten x upside. Now a ten x upside

a thousand percent. I mean, the stock markets average a six percent return. So you're saying, Mark, you say a thousand percent. Yeah, I'm saying a thousand percent. Uh. It's it's it's that big of an opportunity. And so that's why you want to tune in with me each and every week. So while you're at it, grab your phone, make sure to put a calendar reminder for this date, this time, this channel, and come back with me each and every week to the Mark Mass Show. We're talking

about bitcoin, talking about cryptocurrencies. We're talking about the decentralized revolution. It's the most important part of your week. It will be the most profitable part of your week. I can tell you that. I'm Mark Moss. Thanks for listening.