The Mark Moss Show Nov 19, 2021

I try to explain to you what's going on and most importantly why you should care. You know, it's important to understand this you can take advantage of the opportunity. Otherwise, Um, if you don't understand, you get shaken out, like as we call them, the weekends, the paper hands that don't really understand what's at stake, what we're doing here. So, um, this week, I have a good friend actually sitting in the studio with me. I got Alex Fetzki. Let's love Alex.

What's up? Man, I am. I can look here in the eye now this is this is this is great. Yeah, man, this is ah, this is great. I love doing him in in uh in person and actually you're back at You were the first guest for the first episode that I did about six weeks ago. I think, so it's been that long. I think it's been I think it's been about six weeks. I think it was like the

first week of October, the last six weeks ago. Man. Honestly, well, we've both both been working so dang hard trying to save the world, right, dude, I have no idea where the time is going. So alex Is alex is a good friend. He's from Australia, but he's been on the run because Australia was locked down and he was out of the country and he hasn't been back. So he's living this digital nomad life, um, and working on building

a project on on bitcoin Amber. It's a new app that's going to revolutionize the way people, uh spend money online. We'll say that much. Um, I think it's pretty cool. How is how is uh? How is living a nomad life and trying to run a bitcoin company at the same time. It's um, it's act sleep. I'm gonna answer it this way. So I'm traveling with my girlfriend at

the moment, and it's really it's insane. How far go in the world is at the moment, because it's like every time we part, for example, we're not sure if we're ever going to see each other again. And it's it's it's so insane, Like I think about it now, it's like the first time I we you know, we we met in Costa Rica six months ago whatever it was. So then I left to come into the US and

I had no idea what was going to happen. It's like, you know, they weren't letting people across the land borders or this restriction, that restriction essential travel non essential travel, like you can't make heads and tails of anything. Um. And you know we had that experience, you know, coming across and then later it was from from Salvador back into the US, and then recently from um it's been

a republic as well. So it's just like it's absolutely insane where I mean, the government has managed to take something that used to be an enjoyable process travel and literally death made it most ugly, nerve wracking, anxiety creating process on the planet. Now lay at that with UM, we're trying to run a business, I mean luckily luckily and crush like you know what we're doing as a bitcoin company is digital in nature. So let's say I get stuck in Mexico or Costa Eco or wherever, I

can still work there. So long as I've so long as I have internet, you know, we can still run a business. And but it's just you actually can't make plans like human beings need to be able to make plans in order to make the future better, and you need to be able to execute on the plan at the moment. You have to have long term perspective. Anyway, we're we're we're sitting here recording right now, by the way,

you listening to Mark my show. We're talking about bitcoin, and I'm actually recording from Miami, Florida, not my home, um, and We're sitting here in a hotel suite with all the equipment on the on the on the counter, which is pretty cool. But I'm having a live event, the market Disruptors, live dot com m event happening here. And you know, my business managers like, no, we need to do it next next year. We don't have enough time

to get this planned. And because we kind of put it together in less than ninety days, and I'm like, I don't know if we can have it next year. I don't know where we'll even have it. Like the world is changing that fast, and just like you, like, um, nothing good comes quick. You have to have long term planning. And just to your point you said, um, the world is changing so fast, I would say traditionally that's a good thing. Like the world changing and adapting and transforming

and evolving is good. At the moment, it's not changing, So maybe what we can say is that it's not progressing anymore. The world is not progressing, like I would argue that things are getting worse every month or every quarter every year, Like there is complete uncertainty and an inability to make a plan more than three months out.

At the moment, you have no idea. What moronic idea the next politician who wants to make a name for himself is going to come up with when he rolls out of bed, and and you don't know what impact that's going to have on your business, your family, your your real estate, your house, your money, your bank account.

Uncertainty cross the board. It's it's madness uncertainty. So I was writing a bunch of copy on the plane over here this morning from Puerto Rico and I was writing about uncertainty, and so, UM, with uncertainty, you know, we don't know exactly how things are going to unfold. And I was saying, how, um, with uncertainty, the way to beat uncertainty is to have more options optionality, and so we have to have more options. I guess that's one way. How do you think about that? Well? So, so I

look at um. Tony Robbins has a really great framework for understanding human needs, right, and he breaks it up into certainty, uncertainty, significance, love, than growth, and contribution and each kind of like UM, part of a the polar on their spectrum. Right, So, uncertainty is the opposite of certainty. Now, you need to meet all needs in some way, shape or form, right now, most people, you know, they they

gravitate towards you know, particular needs. Most people find themselves in a certainty and significance needs, but they find you know, really poor vehicles to meet those, etcetera, etcetera. But uncertainly is an interesting one because a lot of people avoid uncertainty and they never sort of meet that. They end up you know, living quite drab lives, you know that are just sort of monotonous, and they feel comfortable because their desire for certainty is so much greater and uncertainty.

And your point about optionalities, that is a vehicle for managing uncertainty. Now we all need to meet in some way, shape or form, and being able to to live in an uncertain um, in an uncertain environment and still be internally certain is actually a rare skill and a very important skill. But in a world in which absolutely everything is uncertain, it's like it's it's kind of like running on top of quicksand like and you know, there's a there's a there's a dem nishing level of options. Like

I've become very comfortable with being uncertain. I haven't had a home base forever two years. Now, I'm you know, I live out of a suitcase. I'm super super light. UM. I have optionality in the fact that I can basically go everywhere. Um. I have um, you know, let's let's call it a paperwork that allows me to travel in all sorts of places. And and I've created as much optionality as I can and as much lightness, so I'm

not carrying lots of baggage metaphorically and literally speaking. But again it's you know, it's a gift in some senses, and it's taught me a very valuable skill at least for what I think will be really important over the coming five ten years. But I'm not. Um. Despite me having managed to cope and thrive in this scenario, it's not a nice way to live well because you can't.

You can't you can't plan. You know, you think of out I was in what I was writing today, I was saying, it's uh, probably probably not that much different than um, you know, war torn countries. You know, people in Syria or even recently in Afghanistan like grab what you can and hop on a plane and like I don't know where I'm going, and like there's like no certainty. Those people that can't plan for the future. UM. So you're listening to the markma Show. We're talking about bitcoin.

We're talking about this decentralized revolution that's happening. I'd like to talk about how bitcoin fixes this. Bitcoin fixes a big Bitcoin uh, gives us certainty in an uncertain world. Maybe, UM, I think maybe somehow bitcoin can fix not only that give us some certainty back, but also could fix um, some of these root causes. That's causing the uncertainty at the same time. So that's gonna be interesting conversation. Uh. So I want to talk about that. And then I

also want to talk about UM. This this guy that's been making quite a bit of noise for some reason, people are spread and around Twitter. I don't know why. UM, but but he's basically saying that crypto is an attack on the dollar. Um. It's an ideological driven attack on legitimacy of fiat currency. It's funny he calls fiat currency legitimate. Um. And and then he said, uh, an attack on the financial system. Um. And so I want to talk about that when we get back. He said it, he said

it's a sequel to the January six attack. UM. I think this guy's living off as Rocker. We're gonna talk about that. We're talking about how bit kin fixes this. We're gonna talk about how it gives us more certainty in an uncertain world. And we'll be right back. All right, welcome back. You are listening to the Mark Mos Show, and we are talking about bitcoin. We're talking about the

cryptocurrency movement, the decentralized revolution that's happening right now. I'm in the studio right now sitting down with my good friend Alex Fetzki. He's back again in the studio. I love sitting down with Alex because he has Uh man, you're you're one of the You're one of the deepest thinkers that I know. You're very thoughtful. Even as you're talking, I can tell you're you're delivering over your It's it's

pretty cool. I remember the first time. I remember I told you reading one of your original writings in the Bitcoin Times or whatever, and it was cool. And then, uh, then the first time I listened to you talking to Peter McCormick and you're like starting from the base build not it was, it was amazing. But getting back to kind of where we were talking about and before the break, talking about bitcoin and and how bitcoin fixes things, and we're talking about this crazy world that we're in where

we have all this uncertainty being forced upon us. Everything's being forced upon us right now. Um, you've created some optionality by being mobile and things like that, but it causes problems because now you're not planning. But so how does bitcoin fix that? Yeah? So I think let's think of it about across two dimensions. So number one is at the moment, and I'm writing an article, and this is how like bitcoin is therapy. We're buying Bitcoin is therapy.

It's like it's this anchor of truth or it's almost like a pulse or a hotbeat that is consistent. A bitcoin block is mind on average every ten minutes, irrespective of what happened on the planet. You know, this politician says that, this idiot does that, this person does that, no one actually cares, Like sorry, whilst everyone may care, Bitcoin doesn't care. It's just this kind of this heartbeat. It's just code, exactly, but but it's it's more than

just code. It's it's it's literally a heartbeat in terms like I like to think a bit when as a time chain, not a blockchain, and so she used those words originally well before he used the word blockchain. But if we think about bitcoin, is this kind of this this pulse that is exists and it doesn't matter what happens in the world, we always have a pulse or

this anchor to to come back to um. It's it's almost like a it's like a tethered to sanity, right, you know, there's Kyle Yung used to discuss this as well. He said that the reason why a lot of people when they started studying psychology and mess with psychedelics and um, you know, decided to do past life regressions and everything. If they didn't have an anchor or a tether back

to reality, they would go off the deep end. And that was Young's theory about why Nittzsche went off the deep end um, which is quite an interesting analog to bitcoin at the moment, like everyone is lacking an anchor, Everyone is lacking a tether to something real and something that is always there irrespective of the madness that's happening. And for I think this is why I feel sorry for people who haven't discovered bitcoin yet. It's like, you know,

everything has become relative. We're living in the nightmare of a relative utopian dystopia where nothing everything is meaningless um, and everything is different every single day, and that drives humans crazy, like we need to have some sort of zone. Do you need to know that the ground is going

to be there before you start walking? And Bitcoin, for us, I think, is that tethered to to some sort of reality that is just pulsing in the background and it exists from the background noise of the universal most every ten minutes. Every every ten minutes, another hapens exactly, so it's alive. So that's one dimension. The other dimension is how bitcoin starts to reintroduce certainty into the world by

fixing the money right. So so it's the one that more people talk about I think that more people are familiar with. Is when you have a sound money that is fixed in supply, that is incorruptible, where the where the rules are fixed, so we're all playing by the same rules. We can actually have an effective game, We can plan long term, we can do things because we know that there's no debatement of the money. We know that someone is not going to co opt it and

control it. While you and I are working, the other person gets to push a button and make more money than will ever make no matter what we do with our lives. Like that, that unfairness of the game is removed. So so that's sort of like the second dimensional what

bitcoin does. So so it's like today, it's like a it's a it's a tether to to sanity that allows us to realize that, hey, you know there is some truth here, there's something you know there, and then long term it helps transform the incentives via which humanity operates, so that we can start to bring some certainty back into our lives again as opposed to the madness at

the moment. I think about when you were saying that, I was thinking about, you know, everything everything kind of breaks down to like economics and then like time being the most scarce thing. But I was thinking about, like Mesis talks about, like in economics there is no constant because you're always measuring one thing against another and those

things are always changing. But then all of a sudden, Bitcoin is like a constant, Like it's not changing because the supply of oil is changing, the supply of gold is changing, right, so whatever you're using to measure is always getting more and less, easier, more or whatever. But bitcoin is not. Yeah, in a way. But I think the maybe the constant. I don't think Australian economists talked about this a lot, but the constant that they kind of used I think was times like this thing that

it's like we're all bound by that constraint. So maybe they didn't talk about it as a constant. Maybe they talk about it more as a constraint and it's an equal constraint across all of us like, I mean, you got twenty four hours ago. I mean that's the one thing that we always have, right, Yeah, okay, yeah, I guess I hadn't thought about like that. So, um, so

back to how does it fix it? So then over a long enough period of time, it puts right now, this is all being driven by policy, right, All this uncertainty in the world, whether you can travel and out of a country, or whether you can fly on a plane, or whether you can open your business or whether you can have that job, is all based off of man's policy. And so I guess over a line of period of time, it creates like a constraint that then um basically doesn't

allow these politicians to have fun limited power to do that. Well, the idea is that it reintroduces consequence to decision making. So what's lacking at the moment is I can create a policy, and even if the policy is the dumbest policy on the planet, and it burns a bunch of money and destroys a bunch of businesses and everything, and the school card, which is our economy, starts to look bad, then what I do is I just go print some

more money top up the school card. Make it look better and lie myself out of realizing that there's a problem. And bitcoin removes that capacity because you just can't print it, you can't borrow from the future, you can't just randomly taxes like but reintroducing consequence. What ends up happening is we have to make better policies and make better decisions on our path to organizing ourselves as humans, because that's

what governing is, right, it's the organizational process. And at the moment, we're organizing ourselves blind, like literally blind, and then when it doesn't work, instead of actually fixing our behavior, we just lie to ourselves a little bit more and pretend it's okay. It's like flying a plane by removing the altimeter, and it's like the plane's telling you you're crushing and you're like, I have an idea, I'll remove

the altimeter. I'll pull it out. Yeah, I mean, I guess when you have no consequences, there's no there's no feedback loop. There there is, I mean, we can see it, but the consequences aren't enough, aren't severe enough that caused them to force you know, change of course, so obviously, um the inflation rate, you know, CPI was over six percent. It's obviously way higher than that. Supply chains are breaking down. I mean, we're seeing the consequences. But then they're just gaslightiness.

And the thing is they're saying the consequence is something else. They're like, oh, it's because because you haven't been vaccinated. It's because you uh, you know, adding to um global warming, they said. In my previous show, I was saying, they're they're saying the inflation is caused because of supply chains are breaking down. It's a well, it is it's a logistical problem. And I said, that's true, it is a logistical problem. But what is causing the logistical problem? So

it's like you have to go another layer back beyond that. Um. And then and so then they're just they're gasing and then and then they said, well, Americans just are buying too much stuff online. They need to change their buying habits, right, And they're always shifting the blame. Um, it's always derful. By the way, you're listening to the Mark Moa show, and I'm joined in the studio by my good friend Alex Fetzky. You can find him on Twitter at ghost

of Fetsky. He's a ghost because the Twitter got him on his first one. Uh, of course some one Mark Moss on Twitter. You can hit us up, send us, send us a message. We're talking about, UM, how we're living in this uncertain world and how we can get more certainty back. UM, and with more certainty allows us to plan further into the future and allows us to build a bigger, better life for everybody. UM. And bitcoin

can do that. Bitcoin can fix that. When we come back, I'm gonna talk about some of these comments that we're going around UM saying that bitcoin is an ideological driven attack on the legitimacy of fiat currency. We'll be right back with that. Hey, welcome back. You are listening to the Mark Moa Show. We are talking about bitcoin, of course, that's what we're talking about always. We're talking about bitcoin, We're talking about cryptocurrencies. We're talking about this decentralized revolution

that's literally changing the entire world. Every facet, every area of the world is changing, and for the better, i should say, and for the better. UM. I'm in the studio sitting down face to face with my good friend Alex Spetsky. What's up, Alex, Good to have you here. We're in we're in Miami. I'm getting ready for my first live event I'm hosting here Market Disruptors Live, dot Com Marketsers Live. Alex is going to be one of

the speakers there. Should be pretty awesome. We're talking about bitcoin. We were just talking about how, um, we have this world of uncertainty right now and how bitcoin could give us some certainty. Back. I liked what you said about we're in this ever shifting world and up is down and left his right, and boys or girls and who even knows anymore? Um, and so at least we have something that's like every ten minutes there's that block, So

that makes good sense. I want to shift gears a little bit um and talk about this guy that I don't know. For some reason, he's like a ted ted talk speaker. I don't know why. I don't know why people are are sharing his stuff all over therenet. It doesn't seem to be like anything big. But he said, I can't I'm not even gonna say his name. But I can't stress this enough. The crypto attack on the dollar is not strictly a pump and dump or a grift.

It's an ideological driven attack on the legitimate legitimacy of fiat currency, the Federal Reserve, and the incumbent financial system. Okay, let's tease that apart. So first of all, or do you want to finish well the first the first part, it's an attack on the it's not the crypto attack on the dollar is not strictly a pump and dump or a grift. It's an ideological driven attack on the legism legimacy a fiat currency in the in the finance system.

So a pump and dump, grift laur An attack. Okay, so um, Crypto is a pump and dump literally fundamentally speaking. So he's wrong about that. So let's let's find the nuance here. So he's absolutely wrong. Crypto is a pump and dump, he said, it's not strictly all. He's partially right and partially wrong there. So crypto is strictly a

pump and dump. Crypto is an industry that's been built around Bitcoin as a way for grifters to make money off sheep blemmings and you know people who want to get rich quick, like that squid coin last week or two weeks ago. Squid coin. I've seen one driving around called Flowaky mist literally the sign and says missed out on doge, come by flow key. Who listens to this? I mean, but people listen to it. So so crypto is fundamentally at the very core of it that may

the biggest pump and dump on the planet. It has nothing to do with the bitcoin now too, is to to the second piece of nuance. Bitcoin is fundamentally an attack ideologically driven. It is an ideologically driven attack like bitcoin is ideologically an attack and affront and incompatible um uh, an incompatible monetary network with what existed before, in the same way as Internet was an attack on the phone

line um and the way we communicated before. But in the same way as electricity and what Tesla built with the A C generator was an attack on candles. That that's the attack. But is it really an attack? Right? So I would say that the fiat money system or the legitimacy of yet I don't know it's legitimate, but it's it's fake. Right. But the fiat system is an attack on us. So it's an attack on us as savers. It steals our savings um, so it's an attack on us. UM.

Bitcoin gives us an option out of that. It's a safety. So it's I look at more as a defensive move, um as opposed to an attack. It seems like a like an aggressive offensive move. Yeah, but I mean the best, the best defense is always an attack. Um So, So fundamentally speaking, like when something is incompatible, and I mean, look at what we are, what we are expousing in and for and about bitcoin, is that we are incompatible

with the old system. Like the way I kind of describe it as we've got this existing you know, the land that we're on here and this new one and this old one. The existing one is all burning down and it's you know, it's it's it's all broken, it's in tatters, and everything is confusing. It's kind of like that rickx sona ad, you know, where everyone's jumping up and down, like falling out of cars and out of

buildings and all sorts of crap. So whereas Bitcoin represents this kind of new promised land and they don't like it's it's like oil and water, they don't mix that they're fundamentally incompatible and ideologically speaking, um, bitcoin is like it says, look, I want nothing to do with the existing system. I want none of your your rules, your regulations, your your your processes, your corruption, your any of that.

So so, and in our bid to sort of bring it to life, we are fundamentally making fun of the existing system. I mean everything we do, we make fun of it, like that's what we do. So so insofar as um, that's an attack, he's right, Like we we are incompatible with with that and our very existence is a is you know, is a is a finger to its existence. I guess it. I guess it. You know, as you said, right, the best defense could be offense or vice versa. I guess it is offensive and defensive.

So it's it's defensive. So the Fiat money system an attack on me as a saver, me as an earner. If I'm trading my time for money, but they can go print money for free, they're steal They're putting me into slavery. So I'm defending myself against that. Um. But when I pull my money out of that system as defense, I'm also defunding them. And if I defund them, then

that's an attack. Boom. I guess so, um, I guess it's like you can't be in both systems at the same time, So moving too one is fundamentally attacking the fundamentally attacking the other. I want to bring this piece up. This is UM from the International Monetary Fund MHM, which is kind of a kind of essential bank up of central banks, if you will. This was written in two thousand and uh and uh. It says the liquidation of government debt. It's a working paper. High public debt often

produces the drama of default. Of course, they have too much debt, They're gonna default. But debt is also reduced through financial repression, which is a tax on bond holders and savers. So UM, it says via negative or below market real interest rates. So it's attacks on savers because of inflation, and its attacks on bond holders because they

impose negative interest rates. So it says, right here, this is their plan financial repression, right, and it says, um, with capital controls and regulatory restrictions created captive audience, a captive audience for government debt, including I'm sorry, limiting tax based erosion, uh slavery. Financial repression is most successful in

liquidating debt when accompanied by inflation. They literally spell out so so that's like say yeah, it says, it says trapped in the syste a captive audience for government debt. We capital controls and regulatory restrictions created a captive audience for government debt. So who's the attacker? Yeah, well this is um, this is why I think that. Didn't he have something else that he finished stuff? So then he said, um, well he said it's an ideological, ideological driven attack on

the legitimacy of FIAT currency. So that's kind of funny. Legitimacy. Um, well, but that's so. So this is actually where he's right, is like, it is an ideological, ideologically driven attack on the legitimacy FIAT because we are ideologically superior to FIAT. So as a result, we attacked the inferiority and the illegitimacy of FIAT. Right, so we we we actually reveal the curtains, so we're actually like almost like, um, what's

the what's the movie the Wizard of Oz? Right, we're pulling back the curtain and we're showing that it's it's not legitimate, and we're using the ideology of a bitcoin standard and a fixed money supply that it is incorruptible. As the way we unveil the illegitimacy of the PIAT thing. But anyway, yeah, and so then he went on and this is a part where we dig into he said, he said, it is the sequel to the g Anuary

sixth attack. The sequel. UM. So he's liking to that, basically saying that it's you know, it's ah, it's left versus right. It's a political tool up in the traditional you know, political spectrum. I want to talk about that, UM and see see where that's where that fits. Is it Is it a right wing? Is it a left wing? Uh? If it attacks the system, does that make it political? We're gonna talk about that in a minute. UM, when we get back. You're listening to the Market show. I'm

in studio. I'm actually not in studio. I'm actually UM in a suite in Miami, Florida with my good friend Alex Fetzki. We're sitting here together talking. You can find him on the Ghost of Fetzki on Twitter. Of course. I'm one Mark Moss on Twitter. UM, hit us up, ask us a question. UM, We're gonna come right back. We're gonna talk. We're talking about UM is the dollar or sorry, is bi Q when an ideological driven attack? Um? And is the generous sixth, we were back. All right,

welcome back. You are listening to the Mark Ma Show, and we are talking about, of course bitcoin, each and every week, bringing to you the most up to date information. UM. I try to bring you the biggest news of the week, everything from what's going on with the price, what's going on with the technology, the network growth, what's going on with the development, what new technology companies are coming up, and then even deeper things like trying to understand idea

logically what bitcoin is doing. There's so many ways to try to understand bitcoin. I've been studying and writing and researching it for over seven years and I'm still trying to figure it out. And so tune in each and every week so you can start to get all these

different angles. It's a dynamic, it's multifaceted. I'm in the studio with my good friend Alex Petzky and we're talking about bitcoin being an ideological driven attack on the legitimacy of fiat currency, and so we talked about that before the break, but then there was a part where we kind of broke off from and he said it's a

sequel to the January six attack. UM, I don't really know the context that he's talking about there, but it sounds like he's basically trying to call it, Um I don't know, I don't know what do what do you think he's trying to say there? It's like a it's like a radical right wing movement or something. He's trying to paint it with something. I mean, I love it it terrorism or something exactly so, so they're gonna want to I mean, I've said for ages that they're going

to try to call bitcoins terrorists at some stage. So so he's kind of like the the attempt to start moving the overtson window in that direction, right. But um, I mean for me, I love it because I'm Australian and I don't even know what happened on January six,

then I couldn't care less. Um, But I mean to me, I mean, even if I wasn't Australian, I don't think anyone should kill us about what happened on some specific day that a bunch of people didn't like each other because of politics, because I mean, when has that, you know, not been the case? But I think where he where this whole argument falls flat on its face is doesn't a sequel mean that um it comes after Yeah, would be the next one. Yeah, I'm pretty sure bitcoin has

been around for about thirty years. What kind of a sequel s thoughts that in years before the January is like, what kind of an idiot says that. I'm sorry, but like this is just sort of the level of brain damage that these people have. Let's talk about that piece for a second. So before earlier, a couple of sections earlier, you were talking about how these people they can just keep making these policies and they just blame it on something else. And uh, we were obviously at the at

the end of a game. So when you play a game, whatever it may be, when I'm out of moves, I have no more moves. We have to reset the game. And the financial system is out of moves. So the central banks have two tools, right, they can interest rates and the money supply and interest rates are zero negative, so that that tools good money supply. We have four and that tools kind of done. So it's like the

system is broken. It's it has to be reset. And we're starting to see this, uh, this narrative popping up kind of what he's saying. And so we've seen Christine leguard say innovation is a threat to the financial um stability. Um, we've seen Janet Yellen coming out saying, you know, kind of the same thing. And so they're already saying like, hey, this is going to destroy the financial system, which it is, but it's not their fault. Is that we have a

better option, right or how do you see that? Well? Yes, So, so first they they what they do is they actually they're actually acknowledging the fact that they're out of moves, right. So, you know, Christine Lagarde acknowledges that innovation is moving forward and it's always going to happen and it's going to cause a problem to the existing system. This guy is acknowledging the fact that bitcoin is an ideological attack. Um. You know, he kind of confuses himself because he hasn't

done anythinking whatsoever on this. But you know, he uses the word crypto, which is the pump and dump component. But bitcoin is an ideological attack on the legitimacy of

the field system, which exactly what it is. Um. So, so first they admit that, but in doing so they then try and like create the Overton window or push the Overton window across to say that innovation and something like bitcoin and changing the system is a is a basically terrorism, and that will be the blame that that would be what they used to blame for the unraveling of the broken Tower of Babel, House of Cards, you know, house built on quicksand that they've that they've created. And

now the wind is coming and the wind is the problem. Mark, We must eliminate the wind because the wind is the terrorism. Yeah, and and and innovation is a threat and it always is. It's called creative destruction. So whenever a new way is created, destroys the old way. So cars were destruction of the buggy industry. Electricity was destruction of the candle industry, right and so um, but that's a good thing. If it wasn't better, it wouldn't survive, right. If the old way

was better, it would remain the way. But of course the new way is better. Um. And so really it's about protecting their kind of monopoly that they have. But yeah, I mean, what do you think that. I mean, I'm pretty sure they're gonna blame it on the on the destruction right when it when it collapses. Um. And they try to get the public sentiment on their side. I mean, what do you what do you think that looks like, here's what's going to happen that this is and I did.

I said this at the conference. I said that the line that will separate free humans from slaves is going to be those who hold central bank digital currencies versus those who hold bitcoin and the crypto, the entire crypto sphere, or the ones that are the leading cryptos, Cardano, whatever it's Cordon or whatever however pronounces it Ethereum or Cilano or whatever it else is. They will partner with the central banks because the central banks are too incompetent to

produce anything like that. They literally just blanket incompetent um. So they'll need to partner with the nerds to produce something. And the nerds are gonna get their finger in the ultimate pie, which is the ability to issue money, which is the ultimate many ridge that there is no other power better, so that they're going to create their little dystopian world coin or whatever it's gonna end up being called, and that thing will basically dictate when you can spend

your money, what you can spend your money for. If you say something online that they don't like or in the metaverse. You know, they'll pause your money, they'll give your money an expiry date, so that if you don't spend it in time, you know, it runs out of purchasing power. They'll do all this sort of stuff. And that is basically behavioral exactly literally so so so that is one option for people. And the other option is bitcoin as this free sovereign money where you actually own

the product of your labor. And because it exists, and it's like we use this in a podcast you and I UM did together. Is like the existing system is Icarus, and the fear network in the field system is the wax wings. It's jumped off the cliff already. UM. Gravity is reality and Bitcoin is the sun. And Bitcoin is melting those wings and they are going to blame it on Bitcoin as the thing that just melted these fake scam wax wings of the money, and when they fall,

it's going to be Bitcoin's fault. So I don't know, it's scary, Yeah, it's scary. The problem is is that you can't create money from thin air. You can't produce money, you can't steal somebody's labor, and that's what caused the system to fall. So even if you know, event eventually when it when it does collapse and they do try to blame it on bitcoin um and they try to kind of rebuild on this fake central bank digital currency, it's just still gonna be more of the same problem.

It will. But the thing is that this is where my concern for the long you know, for humanity's next big challenge is going to be is um is once we sort of separate ourselves away from them, you know, humanity really will be two classes. It'll be it'll be you know, well, they're working hard on doing that right now. You're you're you're your comrade there, I should say whatever your rulers down in Australia or New South Wales. I

mean they're trying to they've already openly admitted that. Well that in Queensland just rolled out there thing as well. It's like you can't even go to a hospital now. Well, in California, UM, I had surgery and February on my hip orthoscopic surgery and it's not that much better. A few months ago I had m R I and uh, they said that I'll do it remote while I was in Puerto Rico. Well, now they changed rules. You can't go to the hospital without UM. And and now they

won't do the phone consultation for me. Now now I have to go in and do it. But like Folio safety, Mack, we will kill you. Yeah, just say so. Anyway, man, this is some crazy stuff. I know, we're kind of going deep here. We're talking about, of course bitcoin, talking about this decentralized revolution. You listen to the Markmas Show. I'm in the studio with my good friend Alex Fetzky ghost of Fetzky on Twitter. I'm one Mark Moss on

Twitter as well. And UM, you know, I'm bringing to you the information you need to know each and every week. You know, we'll talk about the price, we'll talk about the technology, we'll talk about the growth, we'll talk about the you know, the user adoption. We'll talk about the bank's adoption. We'll talk about the technology growth. Um, but you need to understand it from a bunch of different angles.

It's difficult to grasp because you have to kind of know all these different disciplines game theory, philosophy, incentive structures, technology, monetary systems, history. I mean, you know at all, but I'm gonna bring it to you each and every week. So pull your phone out, put a put a reminder for this time for this channel to be back with me right here as we go through understanding Bitcoin de Centralized Revolution, I'm Mark Muss. Thanks for listening.