The Mark Moss Show Oct 06, 2021

thanks for sticking with me. I brought a couple of my good friends into the studio with me today because you know, I probably don't want to hear me talking for all this time, and so let's get some perspective. There's a couple of good stories I want to talk about. Lonely man, I got, I got Alex in with me in the studio. I got Jessica in this do with me.

What's up, guys, yo? What's up? Man? So? Uh yeah, you know, we just I was talking earlier just about some of this big news that's been going on in the bigcoin space, and um, one of the biggest pieces of news I saw this week was China always dominating the news headlines, and uh, it seems like they again again,

they've they've banned in the bitcoin. I think it's now the eighth or ninth time, I think at least, and what this year, this year, over the years, you know, and it's like, I mean, that's what it feels like. It's like, sorry, this just reminds me of that meme, you know, like, um, what is it? It was like this.

It was the South Park thing, like you where they're doing prink coals and it's like the it's the Chinese dude doing the prink coal and it's like, you know, we want to we wanna make scare someone into believing something so that they can sell something. I can't remember what the meme was. And it's like you know what, and the dudes like, but we just used this last week. It's just like all right, do it again. It's like all right, we're gonna do it again. It's like the

same thing again. So I actually didn't hear about this until I just saw the notes. I was like, okay, so didn't they just been like three weeks ago. But whatever, anything about it being banned in China or India any of that, it makes no difference. It's it's just like noise. Now it is noise, but I think it's also important for two reasons why I think it's important. So the first thing that's important to understand about them banning it again is the first thing is why why would they

do that? And that's one. And then and I think it's important because depending on why I understand, that will help you understand what maybe your country might be thinking about doing at some point. The other thing that is under important understand is that when you're looking at bear and bowl markets, Um, when markets stopped going down on bad news, you're kind of bottomed out right, and so, uh, this is big news again. China bands at all cryptocurrency band.

This is the final band. No one can trade it. But yet the market didn't even budge. And so to kind of your the both points of guys made like the market's kind of numb to it, like ninth time again, like a big deal. You know, kids, man, no kids, yeah, no, kids,

Like at this point, it's like all right, China. It's it's kind of like general reminds me of it's like a little tuddler, you know, just crying and crying and crying and crying, and um, you know, and then it's like no one cares anymore, Like it's all right, Like it's you know, we move on, No one cares keep crying, and like people have moved on with their lives. And I think they've got to come up with a new

sort of scare tactic. Maybe they should say China embraces bitcoin and then we'll all be like, oh, something's really up. Like that would scare me. If China turned around and said we're gonna make it a national currency, I'd be selling all my bitcoin like it's game over, I'm out of here like that. That would be a bad sign for me. Yeah. So definitely the markets are numb to it,

and I think that's okay. But um, the one piece I saw in this news article I wanted to just grab which was interesting was they said that um quote in order to safeguard people's properties and the most important

part and maintain economic, financial, and social order. And so it's like that piece, so they did it to a safewgard people's properties, yeah whatever, but maintain economic, financial, and social order and like, and when they say that basically there, it sounds like to me, what they're saying is that um, by people having the freedom to choose where they want to store their wealth and value or use what they want as money. That is a threat to the financial

and social order. I mean, is that what you guys are hearing? Obviously? I mean this sort of reminds me of like, you know, what, what does a prison god exist for? To maintain you know, proper order inside the prison, so that the prisoners don't run amuck. Like it's the same thing, like you know, I mean, that's that's the

first analogy that comes to mind to me. I don't I just what you think, but Jesus, well, I remember there were some theories before about when they make bitcoin illegal and bitcoin mining illegal, it was really just the states seizing control of operations because you can see there's something online where you can see all the active miners, and they allays built stay in China. It's not like they nest necessarily displaced by the you know, hundreds and thousands,

they're all still there. So what is making something illegal to Chinese citizens necessarily? Mean as far as China's continued participation in bitcoin, because I'm sure the government of China

still owns all kinds of bitcoin. Yeah, like my two cents here is like from what I understand, jokes aside, Like I mean, I actually didn't realize there was another band, but the last one was a genuine like crackdown on mining infrastructure and all that sort of stuff, and that was supposed to be the big band, and we actually saw the ramifications of that because we actually saw the hash rate drop right but now you know, the hash

rates uh picked up again and it's it's recovered. I don't think it's recovered the whole way, but like that, that was like in live action, a major attempt at an attack on the Bitcoin network, and the sort of the Bitcoin net was kind of like what complex systems do. It It absorbed the attack and then it rotted it around it, which is exactly what the network was supposed

to do. And and on a grand scale, you had exor hashes worth of like computing power reroute around the world in live action, and the network didn't skip a beat, like you know, we saw a bit of a slowdown on blocks, but then it kicked off again and it continued so so so that was like the biggest baseball bat that they could take and like whack, and nothing happened. So they're like, oh man, Jesus, this thing doesn't stop. So it's like, all right, quick, throw another band at

it this time. Let's like, you know that didn't work. Let's let's let's try what we did last year. Let's ban the traders again, and you know, the ability to hold and all this sort of stuff, and like you know, again, whatever a narrative they're going to give, like the prison narrative and the order narrative and the whatever narrative, it's like a crying toddler, like as I said, but it just doesn't do anything. It's it's you can't beat a

complex system by applying like a linear meth adtology. And that's where you know, all of these central plans and blah blah blah blah blah that we've always sort of

been talking about, they just can't like they can't win. Well, what it does do, though, is well, one thing that's interested about that comment is it's exactly what Christine Lagarde, who's pretty previously with the i m F and now with the International Entrey Fund, now with the European Central Bank, and she said, quoting her that innovation is a threat

to financial stability. And whoa did she say that she said, they don't want they don't want you having any workarounds and peer to peer payment methods and things where we can without there. You better not think, Jess, You better not think. You better not innovate. You better stay in your corner, madam. And really, it's not a threat to it's not a threat to financial stability. It's a threat to their financial monopoly. That's what it is. Hell yeah,

hell yeah, amen. And so I just think it's important to understand what they're really saying, because then it gives us insight into what they're really thinking and then, um, what may potentially be kind of the trigger points for other countries that control their own currencies, like the European Central Bank or like the United States Federal Reserve, where like they really want to take away that safety valve or that release valve right where they don't want to

allow people to escape. Well, it's kind of like imagine, imagine if you're on the Titanic. So so like I actually kind of feel for these guys because imagine if feel like you're on the Titanic and co back to this. Let's let's talk about the Titanic. I want to talk about the lifeboats, because that's an important thing that everybody needs to know. So, UM, well, I want to talk about the what we call the lifeboats and what does that mean because we're on a sinking ship like this Titanic. UM.

What those safety boats, those safety valves are. I want to talk about why potentially they don't want us to have those UM. And then UM, I also want to discuss between the three of us, UM, what do we think the United States is going to do about that? Do they want to take away the safety valves? They want to take away the life boats that we have as well. So we're gonna talk about those couple of things.

And then I also want to talk about what the uh, maybe we'll call him infamous um UM CEO of Tesla. We're talking about Elon Musk what he has to say about the government and taking away safety boats and safety vals. He was in an interview this week, UM, and he had some pretty interesting things to say. And I know there's a polarity some of us have different views about him, but it was interesting some of the comments that he said. So we're gonna talk about those things when we come back.

All right, you're back with the Mark Moss Show or I'm gonna bring to you the latest in bitcoin, cryptocurrency and the decentralized information, each and every week. Follow me on Twitter. I'm the number one Mark Moss at me. Asked me your questions and we'll talk about him next

week as well. I'm here with my good friends Alex Fetzky and Jessica Vaughan and we are talking about China banning bitcoin again for the eighth or ninth time, and specifically with the comment that they made about bitcoin being a threat to financial stability and order. And if we read between the lines, what they're really saying is that they don't want to allow people to have an outlet, a safety valve. They want everyone to stay on the

sinking ship. And before we went to break, I know, Alex, you were talking about that safety boat, that kind of lifeboat analogy. So to jump back in on that, yeah, so so so. So the way I was going to try and frame it was to kind of like feel sorry for the maniacs, which is imagine you are on a sinking ship and you know that like you're you're

you're sinking and you're starting to panic. What you don't want is everybody to start freaking out and jumping on the lifeboats and going we're all going to die and sort of you know, sort of like going overboard and leaving. So so of course, like you know, they're freaking out. Now. Now, this is not what a courageous person does. This is what like the you know, a captain who would be

a loser does. And you know he'll be like, you know, we're all gone down together, um, and you know, wanting to kind of under the guise of, oh, we must maintain orderliness because we can somehow save the ship. And maybe it's neither. Maybe they don't think they're thinking. Maybe they think if we all just stay on here, uh, and if we all just you know, in solidarity, you know, be together with big brother, um, we we won't all die. And maybe they actually think that this thing is you know,

not unraveling. Um. You know, well, maybe they think they have a chance to survive. So it's like, don't get on the ship, don't freak everyone else out. Well what happens is it takes away their tools, right, So, like they want to control the monetary supply and they want to control the the interest rates. Um. But then when the interest rates get so low and the monetary supply

gets so high they're causing inflation. People want to leave. Um, but when people leave, they lose their controls because now they can't control people with the money and interest rates because people left, and so um, yeah, I guess it just sends the ship down even faster. The ship is already going down, and it just sends it down even faster.

I guess. Yeah, it's like the the only So so what I think what the biggest risk is is if they don't sort of use a heavy hand, even the people who help them pull the levis internally will be like, man, screw this, this place is you know, going to hell. I'm out of here. And then kind of because because they kind of need internal people to function as well. So I can appreciate the panic from a Christine Lagod

who apparently believes that innovation is going to kill us all. Um, you know, based on her hypothesis, we should be walking around with like, you know, loincloths. It's not that it kills us all innovation does. It's called creative destruction, right, So new creative kills the old way and it's supposed to. And so she is right, innovation does threaten the financial system because it's supposed to create a new, better way, which kills the old way. I want to jump over.

I'm really great. I'm really grateful that she said that, because it makes me feel like we're onto the right thing. Like, Okay, if if they're concerned that we can opt out of this behavioral modification tool that they're designing total dependency on Fiat currency, then then it means that we're doing the thing. Yeah, and and it means that they see this and and uh, you know when when something is so good, it just

it kills the old way because it's that much better. Now, I want to just jump gears a little bit, and then let's look at some some of the positivity. Now, if you're just tuning in right now, you're listening to the Mark Moa Show and talking about bitcoin, cryptocurrencies in the Decentralized Revolution, and we're talking about bitcoin being banned again by China. But um, that's why China and potentially other governments may want to ban it, but the it

also creates opportunities. And we talk about this like game theory, um, where if everybody wants to ban it, but a few countries make it legal, how it can actually work out really good for those countries, and so potentially maybe this could be a big opportunity for the United States. We have seen where when they shut down the mining a few months ago, a lot of those miners, a good majority of them moved to the United States. Big opportunity.

And so then the question becomes, will will the US follow in China's footsteps or will they embrace this opportunity. And I want to talk about something, and I want to I want to get Jesse's We're gonna get Jess's opinion on this one first. And this is Elon Musk, and he was interviewed by Kara Swisher. Good. She can take the opinion at the annual invite only Code conference. And I'm picking Jessica because I know she doesn't like to speak publicly about Elon Musk. So I'm gonna put

it there. But did you did you date him as well? Good? But he said, uh, you know. Elon Musk argued that global government should steer clear of trying to regulate bitcoin and cryptocurrency. That's what he argued. And he said, quote, I'm gonna read it to you. Quote it is not possible to I think destroyed crypto, but it is possible for governments to slow down it's advancement end quote. And then he went on to say, quote I would say do nothing end quote. So, jess what do you think

about Elon Musk's take on that right there? Well, his business plan for Tesla and and his own personal wealth. He he owns bitcoin, Tesla owns bitcoin, and he UM personally owns bitcoin, so of course he doesn't want to suggest to government to UM take an ax to his plan advancing forward with his business and his own personal wealth. Like why would he want anything different? And Um, I don't think that he spoke over um boisterously about it

or anything. And I think it's reflective of most people's opinions, especially in the crypto space. I mean, why why would you need to to Why would you need to suggest to government that they should take a heavy handed regulating something that you own? You don't want that? Of course, Yeah, I was. I'm grateful that um that was his take. Maybe maybe UM, the high regard people hold of him, they'll take that under consideration. Well, I think as an innovator,

he gets it right, so like he's an innovators. He's an inventing and he realizes that if an inventor had to go to the government to get permission before they created something, it would probably never happen. They say, like if the Right brothers had to get permission to old

an airplane, and probably never would have happened. And so I think Elon Musk recognizes that if the government puts this regulation on top of it, it's only going to stifle innovation, which, of course exactly what Christine Legarde was saying, they want to stop right. I personally hope that um Elon Musk is on the side of freedom. I know there's some some debate about that as far as him

being a polarizing figure. UM, but I think he's with freedom. Yeah. Well, we don't have to debate that so much as we can say that he's apparently, per his quotes here, he's definitely on the side of innovation, and so UM letting

innovation happen, which I think is important. Um. And speaking of innovation, there was another big thing that happened this week that I know both you and I got to participate in, which was pretty cool, and that is the the integration and we're seeing this, and and and I don't want to I don't want to understate this. UM and again, real quick before I tell you about that. UM, you're listening to the Mark mas Show on the Heart

Radio Network. And I want to talk about, UM, some innovation that happened this week with technology integration that is going to make a massive, massive impact. Some people are saying this could push bitcoin's price above three thousand dollars. But it's not even about that. It's paving the way for an entire new economy. UM, and we're gonna talk about that. I want to talk about the pieces of

technology that got integrated. UM. Like I said, Jess and I both got invited into this program and we've been using it. UM, I've been using it today. I want to explain that to you. But really I want to talk about how cool it is, but more importantly, how it changes the economy and most importantly, this incentive structure of providing value back and forth. We're gonna talk about this opportunity as soon as we get back. So I hang on, all right, you are back with the Mark

Moss Show. This is a brand new show where I talk about bitcoin, cryptocurrencies, The decentralized revolution and what I am calling the biggest opportunity that you'll ever see in your life, will ever see in multiple generations. And the best way to take advantage of asymmetric opportunities like this is by having a symmetric information. You have to know things that the majority of people don't know. You have

to be an early adopter. And so if you tune in with me each end, every week, you're going to have that information to participate to take advantage of this. So take a second, real quick, why you're listening, Pull act your phone. What a calendar reminder for this very time on this station? Come back every single week. Also, send me a tweet one Mark Moss the number one Mark Moss at me asked me a question. I'll make

sure answer on the show next week. Alright, So we are talking about we're switching gears on with my good friends Jessica Vaughan and Alex Fetzki, and um, we are talking about a new innovation that just happened this week, UM, that I think has massive implications for the way the world moves forward. And so let me explain that what

what that is? And so Jessica, Alex myself. We're content creators. Um. You can find us all on Twitter at Jessica Vaughan on and at ghosts Fetzki that's it, at Ghostski, at Jessicavan and of course at one morths you can find us there. And what's interesting is this new technology that happening. So this week Twitter rolled out some new innovation that has um integrated direct bitcoin payments into the Twitter app

and um what it's done. And I think they've also kind of parted up with sub stack and open Node, but mainly with Twitter and Strike. They've built an application away to put Twitter I'm sorry, put bitcoin payments right into Twitter and uh shout out to Jack Mallers, who's really leading the chart. And some of this innovation has invited me to the beta group, so thank you Jack, Um and Jessica. I got that installed today this morning, and already leading up to this show, I was starting

to get tips. People were literally sending me bitcoin and I have to say, you know, we learned about these things, we talked about them, and we have this viewpoint. But to see it, like when we are all down in Al Salvador, to see it, it gives you a different perspective, and so all of a sudden today I'm getting tips from are not honest people, but people that follow me on Twitter. Um, thank you for that. And it made me just think. It shifted my mindset on this a

little bit. And so think about this for a second, guys. Um, it made me think it's a new way of exchanging value. If I can give value to other people, they can directly pay me back, um with tips, without having any intermediaries, without anybody in the middle, without rent seekers. Now I got a lot of dollar tips. That was pretty cool. Someone sent me a five cent tip and whatever, five cents, that's cool. But there's no way to pay five cents normally. And so I just think it's hard for us to

imagine right now. But the way this is going to change content creators and this value exchange. What are your thoughts on that? Just well, I just got done while you were um, while you were talking, sending you a tip because I wanted to make that my first transaction because you bring me so much value. Of course, so I just set it up this morning, which is super exciting.

Thank thank you, Jack Malers. Um. So I'm just so excited because I just got to pay you in bitcoin and use the Lightning network third Strike, and I didn't have to part with any bitcoin. And to me that's the biggest part. Um, But how exciting is this? Imagine? What? Wait? What you just paid me in in bitcoin? No? I put I put some US dollars from my bank account in there, and I didn't even I didn't even have to. So somebody can tip me in bitcoin using this network

through Twitter and they don't have to have bitcoin. They don't They don't have to have any of that, you know, because we all want to huddle our bitcoin. Of course we're not trying to spend it right now. It's also the most world's most beautiful assets, so why would we want to spend it? Well, now I don't have to. But I get to use in participate in bitcoin, and support bitcoin in the network and support you without having to part with my bitcoin? How how crazy cool is that?

And I think this is so amazing also because um, when retail stores understand that they can let consumers who already have these digital wallets to let the consumers use that in their stores and now they don't have to pay these fees to Visa and MasterCard. That's a huge game changer. How exciting? Yeah, you're the checkout with Twitter.

You're listening to the Mark Moa show and we're talking about this brand new integration with Twitter and Lightning and Strike and really the way it changes the relationship of content creators and people that that absorb that content. And really it's the it's the incentive behind the value structure. And so even this morning, I started thinking myself, Shoot, how can I provide even more value? Like I literally found myself thinking that how can I provide even more

values so I get more tips? What do you think about that? Alex? Look, man, I've had a dream since I was young to to start my only fans page and now I can do it on Twitter and I don't even have to do it, Like I don't even have to build a page. It's um seriously, this is this is really cool. I What what can I say unless I get banned on Twitter again? Um? I think this will be a great way to like sort of generate some It's like a it's like a side hustle for the stuff that a lot of people do already.

And and and what makes it really interesting is that, like for traditional let let me put it this way ten fifty years ago, like before the internet really took off and blogs and all that sort of stuff. Let's say it's actually even been longer now, years ago, Like if you want to make money from generating content, you like literally had to work for a newspaper, You had to write a book, you know, you know, I had

to work for a radio station or or a TV station. Right, you have to be part of like the production apparatus.

And over the last two decades and a half decades, you know that that kind of the opportunities broadened and you were able to become like a blogger and things like that, and that particularly the last I'd say ten years, like blogging became Yeah, you're able to become a content creating influencer and use all those sort of things, but you're still sort of bound by getting paid from like via advertising or shilling something and like um, you know,

selling somebody else's product, and you know, referrals and affiliate systems and stuff like that. There was no direct way to monetize content because it's just uneconomical for people to pay you small amounts of money. So this thing like breaks all of that and and and for me, it's like bitcoin is a communication medium, and and I've always

said this, like on the more philosophical discussions that we have. It's, you know, bitcoin is pure perfect money, and money is like an energy transmission mechanism, you know, it's it's a communication medium. And this kind of takes bitcoins. Sorry, it takes Twitter's already broad network and allows us to not only use it to transmit uh speech and like abuse each other in a hundred and sixty characters, but it allows us to actually tip each other, and um, you know,

like it's it's I think it's a big deal. Man, it's a big deal. I think it's even bigger than that, right, So I think it's well, yeah, it's it's a it's the start of something so much larger, right exactly. And that's that's my point, at the start of something so much larger. And it's kind of like, you know, in my first segment, I was talking about these technological revolutions. How when electricity came out, I mean electricity, it was like it was like a digital candle, Like, I don't

need a digital candle. Candles work fine, well we did, we didn't just need an electric electric candle, but where electricity allows to dave and so the way this fundamentally shifts. And we always talk about with bitcoin how it changes the incentive structure, and so right, Charlie Munger says, show me the incentives, I show you the outcome, and so

it changes this incentive structure. Um to, Like I said, even myself this morning, I found myself thinking, how could I provide even more value, which of course I always try and do, um, but but I think that's big. And then the other thing is a lot of people

don't know is that. Um. Recently, I think in the last month or two, PayPal teamed up with the Anti Defamation League, and per the Anti Defamation League, they're going to make a list of everybody that they think shouldn't be able to get payments, and they will provide that PayPal and PayPal is now we're going to censor all payments to anybody on this list. And even bigger than that, they agree to share this list with all the other

finance payment companies out there. And so, oh, Alex, you talk about this, or wiki leaks, we can't pay this, or you talk about this, or your country doesn't allow this, and so um, this is peer to peer content creation, and I think it's the start of this of incentive shift, uh, this pay for content, pay for value, value transfer UM, and it's so much bigger. So I want to talk about that in just a second, talk about maybe we

can spend a minute forecasting where that can go. Because as I've been saying UM on the Mark wah Show on the Heart Radio Network, that having this a symmetric information is what allows you to have this a symmetric upside, which is, as I've been saying, the biggest opportunity we'll ever see. So we'll be back with that in just a second. All right, you are back listening to the

Mark Moa Show. Thanks so much for joining me, where I am going to talk about bitcoin, cryptocurrencies, the decentralized revolution and literally the biggest opportunity that you will ever see in your lifetime, multiple lifetimes and generations. And the only way that you can have the full opportunity benefit from this is by having information that the majority, what I might call the herd, doesn't have yet. And so

tunting with me each and every week. Set your calendar right now, market for this time this channel, and come back with me each and every week I'm with my good friends Jessica Vaughan at Jessica Vaughan on Twitter and Alex Fetzkis at Ghost of Fetzki. Of course I am um at one. Mark Moss send us a tweet, ask us a question. We'll try to answer it next week

when we come back. But we were in the middle of talking about how I hate to say the biggest because man, all these shifts are just so massive and it's hard to imagine where they're going. But this week we're talking about how Twitter rolled out in conjunction with strike um, the ability to send bitcoin two people on Twitter and UM, the way that it changes the in centrastructure, and so like UM, it's kind of like if we

were watching this like futuristic. You know, we watched one of these movies in the future and they go back in time and when they go back in time, they say, don't touch anything because if you even touch the smallest thing, it could you know, completely change the future. And so we understand from that, like this small shift, like what

could that mean in the future. And so we were talking about the ability to you know, change in CenTra structure where now we can provide more value get paid directly back for the value that we provide from from the people who received the value, as opposed to needing this third party advertiser in the middle that we may or may not agree with UM And even more importantly, it allows us, especially in today's day and age, which is more and more canceled culture and you know, we

can't have tolerance for people anymore, and paypals teaming up with the Anti Defamation League to block payments to people. UM and Bitcoin is sensor ship resistant. I can't be censored if I want to send myay someone or someone's a sendilay to me, it doesn't matter what PayPal or a d L has to say about it. Censorship resistant. I know, I actually want to say something about that. Yeah, I was gonna so I actually have a thing about

the sensori of resistance that I want to say. But before I say that, I just want to kind of put my opinion about paper, like I I hate PayPal Voice tated PayPal. I think it's really crap product, because I mean, even just let's let's put aside the the financial censorship that they have, it's just the really bad UM app. Like I remember I was trying to sell a speaker while I was in Germany. Um that I bought and the dude can aime he um he he,

I think he no, I paid for the speaker. Sorry, I was buying a speaker, That's what I was doing. I bought the speaker off this dude on eBay. He came, he showed it to me and it was all like

broken and smashed that. I was like, yeah, well, dude, I don't want this because you know I don't want it, So like he took it back and then I had to like fight PayPal to get a to get a refund, but they charged me euros on on my Australian dollar cards, so they hit me with a conversion, and then on the refund they hit me with a conversion on the back. So I like, I paid five hundred euros for the speaker, which costs me like seven hundred Australian dollars, and then

they gave me back four hundred and fifty euros. Took me six months to get my money back, and like this is like the kind of the dinosaurs that we're dealing with me if I may jump in on that, Alex though, but um, you know, bitcoin is immutable and so um. With bitcoin, you wouldn't have been able to get your money back at all. With bitcoin, I would have been able to pay him instantly. So with PayPal I had to prepay good, but you would have got the speaker that was no good, and then you had

no way to get your money back. No, no, no, not so I could have paid him when I saw him. The problem with this was like I had to check out with eBay, I had to do all that sort of stuff, and you know, like and then the conversion fees were actually what killed it. So so so so that's sort of that piece. But anyway, coming back to the censorship resistance, so like so so my thing on that is, yes, bitcoin is censorship resistance. Like the risk here is sort of like you know, Twitter is not

censorship resistant as we all know. So it's these two coming together combined are really important. But the this is kind of to your earlier point. It's Bitcoin's integration into communication media is the big idea here. Twitter is like a great way to bootstrap it. But as this starts to seep into every thing, what's actually going to happen? And this is this is actually a piece that I've been arguing for such a long time, is all these people who run around say we need to build a

decentralized social media centralize everything. They're wrecked. Now, Like, you literally do not need to build a decentralized social media. You need to build in decentralized payments into social media because then what happens is people go and get monetized on social media networks that do the least censoring. Because if you censor all your people off, they go somewhere else,

you actually demonetize yourself and people go somewhere else. So at the moment, everything is sort of run by advertisers, and you know they can sort of create these world gardens, etcetera, etcetera. So so now by bitcoin integrating and all in all sorts of communication mediums or media, you end up creating incentives for people to add value where they can. Right, So, so it actually creates competition in the space and make

censorship economic suicide. Something you said, they're actually just struck me. Right. So it's like, right now, the social media platforms are run or really influenced the most by their advertisers. But but when the advertisers don't matter anymore because the content creators themselves are getting paid. It decentralizes that need and now the content creators hold the power. But it's a decentralized power instead of having one giant entity doing that.

What do you think about that, Jess, I am so excited for the future. It's a nice dose of hope in these days. I really need that. It's cool because we're literally witnessing it happening in real time. And if you don't, if you don't take the time to think about it, discuss it like we're doing, and really just I guess, you know, be grateful for it and like really see the power that it could have for the future.

I mean, you don't have the hope, and we all need that hope, right, Jess, I guess what you're saying. I want to just add one bit of nuance that, dude, is um the just just what you said about it decentralizes all of this stuff, and the nuance there is it's again, it's not one decentralized platform that we need. Is we need multiple mediums of communication that compete, which creates a broader, global decentralized communication network. So it's not

just one place. So that's the thing It's like, we don't need effectively a decentralized version of Twitter. That's not what we need. We need Twitter to compete with substract, to compete with Medium, to compete with you know, whatever other idea that is out there where you know, the advertisers have less bite and where the content, where the content creators can monetize themselves directly, like and and that that right there is like again, it's incentives and competition.

That's what equalizes everything. You look at anything in nature, competition equalizes everything. So that's that's what it kind of fixes. Yeah, on the competition aspect, I can tell you firsthand. I'm over here in porter Eco and um this week where on my side of the island, the power has been in and out all week, um, twelve hours at a time, and the poor people, unfortunately, I mean, they don't have any money in their their ninety degree heat, no air conditioning,

their food spoiling, there's no lights, no nothing. I was able to leave to the other side of the island and get a nice hotel, and I was trying to, you know, explain to people like if if there was competition, these electricity companies would be you know incentivized to provide better service and better prices, and if my power went out, I would leave to the competitors, so they make sure

the power never went out. But when there is no competition, they can just do whatever they want and they don't they don't have to care what happens. I guess there's so much more that we can talk about that, and

we certainly will. We're gonna come back each and every week here on the Markmas Show on the I Heart Radio Network and talk about bitcoin, cryptocurrencies, the decentralized revolution, and really the big opportunity um the hope that it provides for the world, opportunity that has I'm here with my good friends Jessica on at us go On on Twitter, and Alex Fetzki is at the Ghost of Fetzky on Twitter. Of course, I am one Mark Moss on Twitter. Follow us all, send us a tweet, tell us you heard

us on that Heart radio network. We'd love to continue this conversation on I have coming up next Alex Gladstein, who is gonna be sitting down with me, And the reason why I chose Alex Gladstein for the very first episode of My Heart Show is because he is leading the forefront on humans rights, and I believe that's the most important thing. I don't want to set a foundation of talking about money. I want to talk about changing

the world and solving human rights. Somebody back with Alex Gladstein in a minute on the Mark Moss Show on the Heart Radio network.