The Mark Moss Show - Tech to Change the Course of Humanity

you're a trader, which I don't recommend. Just buy and hold it, man, go focus on the rest of your life. Um. And so if we're just going to buy and hold it, then what we want to be focusing on is, as I say, the growth of the network. That's the amount of users there, the mind share there, and I've talked about a lot about that, and then we want to focus on the development that's happening on it. UM. On the previous segment, I talked about volatility, the price going

up and down. Is is the difference of perception and reality, and so the reality is it's the progress of bitcoin is moving like at a forty five degree angle up. Um. So we're getting more users, were developed, been more things we're sucking in more mind share. That's the reality. The perception gets oversold and over bought and oversold and overbob. And so some of the things I like to focus on are those two things, the growth of the network

and the development. And last week I was talking about how I had just gotten back from Miami and I was there for the bitcoino conference. It was amazing, and I talked a little bit about it, but I didn't get in super deep because I didn't really have time to digest it and and go through all my notes

and and all that stuff. And so I wanted to digging deep into some of the stuff that I came back with because while I was there, I was able to have some amazing conversations and really look at the growth of the or that I should say, the development happening on the network, and it's amazing what's going As a matter of fact, there's been a new development on

bitcoin that just completely will blow you away. I'm gonna say something that's really big and you may not agree with it, or you may not like it, but it doesn't change the real vality. But what's happening on bitcoin, well, as I've said, it's going to change the course of humanity. But what just happened, and I've been saying this for

a long time, I'm I'm choosing my words carefully here. UM, I think that all the cryptocurrencies are let's say that almost all the cryptocurrencies, the other fifteen thousand of them, will eventually be built on top of bitcoin. UM. And that's exactly what we have seen. There's new technology has been released that I think is going to speed that up.

It's gonna be pretty amazing. It's gonna be interesting to watch, and we're gonna have to see UM and you're gonna say the mark, You're an idiot, you're stupid, you're you're a MAXI whatever, And that's fine. We can all have different opinions and neither of us know the future. But either way, you want to know what's going on here. It's pretty amazing. So let's talk about that a little bit. So UM again. I was I was there at the Bitcoin conference. UM. I was a speaker. I was a

speaker on the main stage. I worked the news desk for a couple of days. And the reason why I tell you that is because it gave me access. It gave me access backstage to all the inside stuff. It gave me access to all this speakers, It gave me access to all the developers, and I got to have some very interesting conversations there. Now, just talking about the growth of the network for a minute. UM in two thousand nineteen there was about fifteen hundred attendees, or maybe

less than two thousand. They didn't have it in because you know COVID, but but one it had gone from less than two thousand to just over ten thousand CLO's called two thousand and ten thousand and five x UM and then we went from ten thousand to thirty five thousand, called thirty thousand. That's a three x. That's insane to have that kind of growth. And what that tells you is the growth of the network, right, that's the amount of people that are coming in. That's how fast this

is growing. That's the reality. The price will catch up. The price will catch up. This reality. I do want to say that to about thirty five thousand attendees UM. The they put out a report showing exactly what went into producing this event, and they reported to have spent over thirty million million dollars in production costs, which is amazing. I say that because I saw a lot of people UM in the space going. I can't believe they charge so much for a ticket. They should make these events free.

And it's like, I mean, man, it costs money to put these events on. It costs thirty million dollars. It's about it about a thousand bucks per person to put this event on. So I thought that was pretty interesting that they shared that, and I appreciate that. And I can tell you that I've been running my own event, which, by the way, I have my second annual event coming up.

It's called Market Disruptors Live. If you want to learn how to build, grow and protect your wealth UM in the in this decentralized revolution that we're living through right now, then you do not want to miss Market Disruptors Live dot com. It's coming up next month. And I can tell you my numbers are about the same. I mean, it costs about a thousand dollars per person to throw

the event. That's what that's what that's what the Bitcoin conference costs UM about about a thousand dollars per person, and that's that's about what it costs. So I just thought i'd share that's pretty interesting. UM but anyway, UM, some of the stuff that I saw, so some of the stuff. So a lot of times people think that bitcoin is like old technology. It's like Facebook. I'm sorry, it looks like my Space and we'll have a Facebook

there or something like that. Bitcoin's old, slow and clunky bitcoin, Bitcoin is too slow to transfer value. UM. Peter Theol, um, if you recognize that name. Peter theol was the the original founder of PayPal. UM. He started PayPal to change the financial system. He thought he could change the federal reserve system. And uh, he's prolific tech tech investor, UM, amazingly smart. I mean he's forgotten more than I'll ever know. Uh, he's he's amazingly smart. So not trying to put it

against him. But he spoke at the Bitcoin conference and I and I was a little bit, Uh, I was a little taken back by his presentation because it showed like this, um, this whole in his thinking, like he had to this. He was missing something And I don't know, Am I that smart that I can see it and he doesn't, And so kind of surprised me. And as it turned out, I was invited to the private event on just a couple of days ago, another friend, Alex Epstein,

just wrote a book called the Fossil Fuels. He previously wrote a book called The Case for Fossil Fuels, and now his new books called Fossil Future. And if you've can guess by the titles, it's about why we need more more abundant, cheap energy, why the world needs that um And so anyway, he had this book released party in Newport Beach and I got to go to that.

Luckily I was invited, and Peter Thiel was there and he was actually one of the co presenters and it was just a small event, fifty people something like that. So I got a chance to go talk to Peter theele and I said, hey, Peter, you know, I caught your presentation. I really liked it. I thought it was really good. But I think there was something you might have been missing, and I just I just like to

ask you about it. And uh, I said, you said that you know, bitcoin is good for a store of value, but then you need something like ethereum to have velocity in order to get the speed that you need. Well, first of all, um, ethereum has about the same slow transaction time as bitcoin. But I said what's your what's your? What? What you what I think you're missing? I'm trying to say it's very respectfully. What I think you're missing is

that Bitcoin is both. Bitcoin is both the store value and using Layer two applications like Lightning, I can send bitcoin faster and cheaper than any other cryptocurrency that's out there. I can send it faster than Visa, I can send it faster than anything. And he's like, well, I didn't know. I'm not really that caught up on Lightning. He said, if it works like you say it does, that would be amazing. I said, well it does. I've been to El Salvador many times. I've used it over and over.

I've used Lightning, and I can tell you that I can send bitcoin over the Lightning network faster than Mike, than than the point of sale credit card terminal can even dial in and run the credit card transaction. And he's like, well, I guess, I guess I have to look more into that. And so the reason why I tell you that story is because, um, I'm talking about

Lightning specifically. So Lightning is an application that's built on top of the Bitcoin network that allows it to do a lot of other Apple, lots of other applications, lots of other things that there the base blockchain layer of bitcoin blockchain cannot do. A lot of people don't know this, and I want to tell even Peter Field didn't know this, and this is what most people are missing and you need to understand this. So UM Lightning Labs is a

company that builds out this hardware. Now they introduce something that's so big and so massive, it's literally going to change the world. And I don't mean that. I don't mean that lightly, and I want to tell you what they're doing. They raised a bunch of money, but I want to tell you about a new release UM and what it's gonna do. I'm gonna explain that, and then we'll take a look and see how that can change stable coins defy n f T. I mean, what what

this is gonna change. I' gonna tell you about some of the other announcements of of some of the developers that I was there with because I got the inside scoop and I want to give it to you. That's the benefit of you getting the tune and listen to me. By the way, you're listening to the Mark Moa show and we're talking about bitcoin and cryptocurrencies and the decentralized revolution, talking about how it's changing the world right before our very eyes. And UM, some people, even some of the

smartest people in the world, like Peter feel are missing it. UM. Not because not because they don't understand it. It's just you have to spend a lot of time studying this stuff, and I do, and I get to talk to these people, and so I want to share with you. You don't want to miss it. You don't want to miss what's going on. Could miss the biggest investment opportunity of your life. You're listening to the Markma Show talking about bitcoin and

the decentralized revolution. I'm gonna be right back with more. Don't go away, all right, Welcome back. You are listening to the Markma Show. We're talking about bitcoin, We're talking about cryptocurrencies. We're talking about the decentralized revolution. UM talking about the intersection, as I say, the intersection of politics, finance, and technology where all three of them are converging at

the same time. Before the break, I was talking about UM being an insider at the Bitcoin conference, UM, the growth of the conference, the amount of people that are there, because I was a speaker on the main stays are at access to the backstage, and I gotta hang out with the developers and the and the investors, and I

gotta get the inside scoop. And I talked about it last week, but I didn't really get to digest all my notes and gets prepared for you, and so I kind of want to come back and tell you about

some of this stuff. And so before the break, I was just talking about Peter Thiel and his presentation there and how I got a chance to actually talk to him a couple of days ago and how he kind of missed this and maybe you are too, and so um bitcoin, Well, the way technology works, as scales and layers and so, like gold is like a base settlement layer. If I hold gold, nobody else has gold. If I

hand it to you, now you have the gold. But in order to get velocity, in order to move that faster, UM, I put the gold in a bank and then they gave me a paper goalstificate and now I can move paper goal stick. It's very fast. So that was a layer two. It's not final settlement. Um. In order to get the final settlement, i'd stuff to take that paper goalstificate and take it back to the bank and then I can get the gold UM and and that's sort

of what the Internet has done as well. And so we have the Internet, which is this tc P i P protocol, and then if we want things like email, we scale on top of at SMTP. We want security, it's a GTPs and so bitcoin is also similar. So we have this base settlement layer, and then on layer two there's a few different Layer two applications and they're able to make trade offs and so they can be faster or more private or something like that, or cheaper um,

but they're not final settlement their second layer. But it's still moving in the same asset. And so we have Lightning, we have Liquid, we have r s K, we have a we have a couple of these, but Lightning Labs is the big one. Lightning is the big one. And they announced a seventy million that's right, seven zero seventy million zero series we capital raise. UM, so I have a lot of money to go do a lot of things, which is cool. And this is important for a couple

of reasons. Um. You hear a lot about fifteen thousand cryptocurrencies, and the reason why is anyone who starts a cryptocurrency can literally print themselves money. You can go start a new cryptocurrency call it marks coin, and I can go say, I'm gonna have a hundred million coins, and I can get uh, I can get these vcs to UM give me, you know, money, and I'm gonna sell them of mark coin and I'm gonna keep six from myself. And they these vcs love that deal because they just we're able

to buy printed money. They buy them for me for three cents a piece, and they turn around a sound for three bucks a piece. Right, And so that's easy. You can just go prench yourself bucks. But to build on bitcoin, you have to go meet with real investors. They have to give you real money, and they want to invest into real companies that are building real products. You can't just print money for free. You can't create

more bitcoin. And so for Lightning Labs, for any bitcoin company to raise money, it's a way bigger deal than for a crypto company who just printed that money. So Lightning Labs to raise seventy million dollars a really big deal. But most importantly, UM what they're using with it. And they announced the new specification called Taro t A r oh and if successful, it will allow multiple asset types to be issued on the Bitcoin Lightning network. All right, now,

this is a big deal. What does that mean? Well, the most notable feature will be probably for stable coins. So stable coins are coins that are pegged to a dollar. Right there, they're getting very prolific. Um. I put a dollar in um in you give me a dollar stable coin, and the stable means it's always pegged to a dollar. It's always worth one dollar. Um. Not that the dollar is very stable, but it's always worth one dollar. And then I can move those dollars around the world very

quickly like a cryptocurrency. And so um we can now um with this tar update will be able to use use it for stable coins, and it will send stable coins instantly and nearly for free. Now right now, if you're trying to do them over ethereum uh, it could cost you thirts to send that transaction. It takes a long time. But if I do it over lightning, over the Bitcoin network over Lightning, it can be done instant and nearly for free. It could also technically be used for n f t s. That's right, n f t

S or wrapped versions of other blockchain tokens. So right now, like Atherorium for example, you could do like a wrapped Bitcoin. But now on this you might be able to do a rapt ethereum on Bitcoin or any other security for that matter. Security wh would be like stocks, like a share of Tesla or Apple something like that. The way it work in practice is basically UM. Anybody with a mobile lightning wallet, which if you have a Bitcoin wallet

downloaded on your phone, it probably supports Lightning. If it doesn't, get rid of it, get another one, but like blue wallet or wallet of Toshi like those do UM. And so I'd have a wallet with Lightning wallet, I'd have a Bitcoin balance as well as a balance for usd stable coins in it. So I'd have Bitcoin, and I'd have US dollars basically in there, and any other assets

I might be holding. I could also have UM shares of an apartment complex or a hotel chain or UM Apple or Tesla stock, right, and then I could send those assets around very easily over the Lightning network. So it could be U S dollars on stable coins, it could be shares of this hotel, and I could send

those assets instantly and for free. An excerpt from Lightning Labs to erectly from them says that the new tap Root powered protocol for issuing assets on the Bitcoin blockchain that could be transferred over the Lightning network for instant, high volume, low fee transactions. At its core, Taro taps into the security and stability of the Bitcoin network and the speed, scalability and low fees of the Lightning network. And so this is what people are missing. Bitcoin is

the most secure, most essentialized network period. Nothing comes close to that at all period. There's just there's just no argument that nobody can make an argument for them. However, people would argue, but it's too slow, and so we need something else to be faster. But when you put when you use Lightning and Bitcoin together, you get both. You get um the most secure network and you get instant,

high volume, low fee transactions at the same time. UM And that's the That's a big deal, um It, says uh. Taproo says Taro is conceptually similar to clark Coins. Um it improves privacy and scale ay Assets issued on Taro can be deposited into Lightning network channels, where nodes can offer atomic conversion from Bitcoin to Tara assets. So basically what it's saying is I use this bitcoin wallet that supports lightning, and inside the wallet, I don't need to

an exchange. It could automatically convert the assets, so I don't need to exchange and I could just convert it, which is pretty cool because an exchange, I have to find somebody else wanted to be through the exchange with me, and so um and it allows things to inter operate, so any asset, a security, a stock, whatever, um built on Taro would be interoperably able to work together with this,

which is pretty cool. Says participants on Taro transfer bear the costs of verification and storage by story and Taro. That's a little bit technical stuff, but the summary is basically, it allows assets to be issued on the bitcoin block chain. So now assets so shares of Apple or Tesla, shares of a hotel chain, or stable coins on the bitcoin block chain. It leverages tap root privacy and scalability. So a lot of people like, well, um, bitcoin is not

good because it's not it's not private. That's why I need x y Z privacy coin or pirate pirate coin or mow narrow. Well, if we use if we leverage tap root, we can have privacy and scalability. It says assets can be deposited into lightning channels. UM. Assets can be transferred over the existing lightning network and so UM again, I can send bitcoin either on the main chain, which

is slow and expensive. I mean when I say slow and expensive, I could send a billion dollars a bitcoin if I had a billion UM for you know, maybe a dollar in uh, you know, twenty minutes, fifteen minutes. UM. That's slow and expensive, faster than I could drive to the bank. Can do a wire transfer, um. But over the lightning network, it's literally instant. And I'm sending bitcoin, but it's over this network, UM, and so it's pretty amazing what it's gonna do. UM. It's a very light

client friendly and so what does that mean? So bitcoin has kept these small blocks which allows it to be a very low client and so you can do it over phone is, over mesh networks, things like that. UM. But I want to tell you about what this can actually do in the future. So I want a future castes so you can understand a little bit. It might be a little bit in the weeds for you. Right now.

What I want to make it make sense. You're listening to the Markma Show talking about bitcoin, talking about cryptocurrency, is talking about the rede centralized revolution. I'll be right back, all right, welcome back. You are listening to the Markma Show. We're talking about bitcoin, We're talking about cryptocurrencies. We are talking about the decentralized revolution that's happening, and I'm narrating it for you. I'm trying to give you the play by pay so you can get in before the masses.

Like we say, everybody will buy at the price they deserve, and I think you deserve to get in at a good low price, like right now today, And of course you need the information to do that. Um, I'm I'm talking about my experience at the Bitcoin conference. I know I covered it a little bit last week, but I kind of gave you just a quick overview. I hadn't really had time to go back and look review my notes and have some follow up conversations to really dig

into some of the stuff. And since I was there and I was an insider, I gotta have access to conversations that most people didn't. I wanted to kind of explain some of this to you, and so, UM, the biggest announcement that was made was Lightning Labs coming out with this taro, and so I was explaining that to you just before the break. If you've missed it so far, UM,

well I'm not gonna repeat myself. But what you can do is you can search Mark Moss I Heart or Mark Moss podcast and you can listen to the podcast which will come out um later and you can catch up on it there. But basically, this Taro is the second layer platform. Um and uh. And like I said, we can already send assets nearly instant and free. And I've used it. It works, Um, go down to El Salvador. It works. I mean I used it at the Bitcoin conference. I did a book signing when I was there. By

the way, I have a new book out. It's called The Uncommunist Manifesto. Um. We just launched it. It's in Kickstarter. I don't know by the time you listen to this, the kickstarter might be over, but then you can just buy it. But you can check out at Uncommunist dot com.

And so at the Bitcoin conference, I did a book signing for two days when I was there, and of course we were taking bitcoin at the Bitcoin Conference of course, and while we're doing a book signing, we can't wait, you know, ten or fifteen minutes for the bitcoin to come through. And so we are taking bitcoin over lightning. And so I've used it extensively. I've used it Neil Salvador, I have used it at the Bitcoin conference. I've used

it many times. And I can tell you that as soon as you push that button and take your finger off the button, the bitcoin is there. I mean it's literally that fast. I mean, you know, in a scientific lab we're using you know, some crazy stop watch. I mean, is there may be a difference with something else maybe, but you know, to the human naked eye, I can't really tell the difference. It's fast. UM. So we already have that, and now UM with Tara, will be able

to put other assets on there. So it could be shares of a hotel, it could be shares of Apple or Tesla, um, it could be n f t s, it could be anything, and then we could transact it on the most stable and powerful blockchain. But it can be have the speed of lightning. Um. Now, some layer two platforms on top of Bitcoin already have stable coins and n f t s, So I do want to

tell you that now you've probably heard of Tether. Tether's the largest stable coin, is the oldest stable coin, and Tether originally started out as a layer above bitcoin um. Then then it moved though. Then it moved over to ethereum, and then of course ethereum is too slow and expensive, and then it moved over to tron And then, as I said, we have other layer two So there's also liquid So the liquid neck network also has a stable coin and has n f t s and and has

other assets as well. Um, there's other layer two networks as well. But what makes Taro particularly interesting is that its assets can run directly over the Lightning network. All right, So that's the big deal. So it's interoperable with the Lightning network because that is the big network. That's what everything's running on. And money has to have a bunch of different attributes. Um. One of them it has to be sailable. One of them means it has to be recognizable,

people have to take it. What good is having a coin, a privacy coin like Monaro for example, if nobody will take it from you. And so if you use these other layer two's um that I've that I just mentioned, they don't have the acceptance. And Lightning is the biggest network over the over the bitcoin network right now, and so to be on that network and have that interoperability is a really big deal. And of course that Lightning network is what makes the stable coin payments nearly instant

and nearly free. So big, big, big news. Um. You know, I was, I was talking about this earlier and with um with someone, and it's hard to imagine how big of an impact these things will make into the future. And the reason why is because as humans, humans are are no good at imagining the future. What we can do is we can only imagine better versions of what

we have today. And if you go back and you look back, you know, thirty fifty, sixty years ago at all these like futurist magazines, Um, they thought by now we would be zooming around the space on rockets, right, or we'd be teleporting ourselves, um, you know something like that. Of course, none of those things are true. We don't have flying cars. We don't have flying cars. We don't have robots cleaning our house. We don't have rockets flying us around space. We don't have any of that that

they predicted. What we do have is we have an iPhone in our hands. We have a computer that's more powerful than um, you know, than the computer that made the Space shuttle. We do have that, We do have technologies like that, but none of those um technology magazines got that part. All the things they thought we'd have we don't, and the things that we do have they didn't get. And that's just because humans are no no

good at this. And part of the reason why is because we don't have the building blocks necessary to build those things, and so we can't imagine these new things without the building blocks. So, for example, when the Internet came out, UM, we had you know, we we had message boards and we had email, and we thought, oh, one day we'll be able to buy stuff online. That's pretty cool. But see we were already buying stuff, right, so we oh, buy it online. Um, maybe one day

we'll have like virtual meetings online. We thought that, but we didn't know other things, like we didn't have building blocks. We didn't know that our car would be hooked to something called a cloud using something called social media to navigate us around traffic. We didn't know that because we didn't have any of those building blocks. When the iPhone

came out in two thousand and seven. Um, I mean, you know, a decade after I had already been using the Internet to the iPhone finally came out, which was cool, like, we have a computer on the phone. We put those together, and when it came out, a few people thought like, wow, this could disrupt the taxi industry. A decade from now, nobody thought that. But basically, multiple types of technology had reached the point where everyone could have an Internet connected

computer in their pocket. And once everyone had an Internet connected computer in their pocket, then what that was is a set of building blocks. That was that enabled people to build things that nobody else had a madd engined, including applications like Uber and so now we have another set of building blocks. Now we have a network of instant and nearly free transactions across multiple asset types, including self custody bear assets that can be programmed with all

sorts of multi signature use cases. And it's another set of building blocks. So for example, if I had a set of a deck of cards playing cards, I could build a house of cards, right I could. I'm very limited to what I can build with those cards. If I had a set of legos, I could build something way more complex because I have a different set of building blocks. And that's kind of um a similar thought. So with with the Internet and with the iPhone, we had a set of building blocks that allowed us to

build things that nobody would have ever imagined. And today we have this new set of building blocks, and who knows, um what we could build out and be pretty pretty amazing. A couple other announcements that I saw, UM one of them, Jack Mauler's of Strike announced a set of partnerships with n CR Corporation UM. They're a public traded company n c R. They represent the point of sales systems for merchants.

So if you go to a store to buy things and you check out with your credit card or debit card, that's the point of sale system. NCR, according to Jack Maller's, represents one out of six payment systems, one out of six. And so what that means is that usually able to buy UM be able to use lightning to buy anywhere NCR is accepted, including McDonald's, Walmart, and other places that

use these payment handlers. So supposedly, like right now, the agreements already been reached, I can go into anywhere the NCR supports such as Walmart and McDonald's and pay with stable coins or pay with bitcoin over the Lightning network, instantaneous and free. I mean that is massive. We don't need laws to make things legal tender. These merchants can already accept bitcoin as is as is now. I do want to stress though that, like, that's cool having these

merchants except this, but um, I want to stress one thing. Um, just like you wouldn't walk around with your life savings in your wallet because you don't want to lose your wallet and then lose your life savings. You only pull a little bit of money out of the bank to

put in your wall to walk around with. And I do want to stress out that stress that the money you put into your bitcoin wallet, your Lightning wallet on your phone, it's like your wallet in your in your pocket, only put in there what you could afford to lose. Think about it, just like your paper wallet. You're listening to the Mark Moa Show. I'm gonna be back and tell you about the rest of the developments. Don't go away,

I'll be right back, all right, Welcome back. You are listening to the Mark Moss Show, and we are talking about bitcoin, cryptocurrencies, the decentralized revolution that's happening right now. Of course, you know, it's like watching paint dry. When you're watching it, you don't really notice it. But the world is changing, and it's changing fast. And uh, I've been talking about this hour, talking about some of the big announcements that were made at the Bitcoin conference, some

of the things that I had access to. And I didn't really get to cover him last week because I hadn't really gone through all my notes and had to follow up conversations. But I was talking about how UM now with this Lightning we can transact Bitcoin faster and cheaper than any other cryptocurrency. And now with his new tarrow upgrade that's happened on the Lightning network, we can put other types of assets, including potentially stocks and securities, U n f t s, stable coins, things like that.

And then I was talking about how Jack Maller's have Strike announced a partnership with NCR, which runs the point of sale UM system at one out of six merchants according to him, and so UM, now you should be able to start going into these merchants one out of six, including Walmart, McDonald's, etcetera. And choose to pay with stable coins or dare I say bitcoin? You can literally pay with bitcoin over Lightning from those places. It's amazing. Also,

he announced the integration with Shopify. So if you go online to buy a product on a Shopify store, which is a bunch of stores, at this point, when you go to check out, there's like a place to put your credit card in. You've seen the box I says, choose PayPal, and now there's a box that you can choose to pay with bitcoin, just like that. It's pretty amazing. Um,

pretty amazing what's happening. And the ability to store bitcoin UM safely in a multi stig wallet and then be able to transact it instantaneous and free over the Lightning network, and have the interoperability to also transfer other assets across the Lightning network like stable coins and like n f t s and things like that. I mean, man, things

are moving really really fast. I'm bullish on stable coins UM and normally they run on smart contract block chains, but for them to be able to run over the Lightning channels, I mean that is a powerful combination because like I said, they're instant and they're cheap UM and if you just stick with stable coins, especially you know, I've been down in El Salvadore working with them, and if you're in these other countries or you know, if you don't have a of money, Bitcoin is volatile. The

price of bitcoin goes up and down. If you don't have money you can put away for a couple of years. Let's just say that you know, you get you got paid, and you know you're living paycheck to paycheck, for example, you don't want to put that into bitcoin because the reality is next week it could be down. It could Uh. Typically I would say put into bitcoin what you can afford to leave there for like at least three years. There's never been a there's never been a three year

period where bitcoin has been down. So what you could do though, with that short term money is you can put it into stable coins. And the reason why you might want to do that, especially if you're in a foreign country, is now you can have the ease of of bitcoin sending money around to people, you can custody yourself,

you can have access to It's sort of like cash. Um. But if you're an El Salvador and I'm in America, I can send you that US dollar stable coin instant and free, and you can go to the bank and just withdraw it out of an a t M without having to go to the grocery store and go to Western Union and have them take twenty And so you know, for a lot of people having the ability to do S dollar, stable coins and bitcoin together, it's going to be a game changer, and it can it can basically

get you out of the traditional banking platform. Now, it doesn't mean the death of the US dollar. The U S dollar just starts to take a new shape, right And that's where I'm talking about it being used together in the same wallet, on the same network, but for different purposes. I think eventually, over a long enough period of time, you know, the US dollar isn't needed as much,

and then eventually maybe not at all. But in the meantime for right now, especially when you're living in other countries or if you're not really if you don't have enough money to hold um that you could kind of ride out that volatility. Then, UM, I think that the combination is extremely powerful. And when all this is a deployed at scale, I mean it is a massive value you proposition for the bitcoin network. Um, there was a

there was a good piece that CNBC. Surprisingly, a good piece that CNBC put out talking specifically about the Lightning network and maybe I should forward this over to Peter

feel so we could read it UM. But they were talking about how UM they decided to put Lightning payments to the test um and with the expertise in translation skills of bitcoin developer who is currently hiding out in the western part of Ukraine because of the war that's reaging on, and they said, the bottom line, it really does work as well as bitcoin boosters say it does.

The process of downloading the crypto wallet onto the person's phone in the Ukraine, transferring bitcoin over the Lightning network from the United States to Poland, and then going and withdrawing the equivalent in Polish currency from a bitcoin a t M from the Southwest city took less than three minutes. Good luck doing that with Western Union. That's that's a percy NBC. I read that directly, UM, and so that's

pretty cool. On top of that, UM Lightning Labs was the big, the big, the big to do, but there was a bunch of other companies raising money, which is pretty cool. UM open Node raised twenty million dollars. It's a big number. Voltage raised six million dollars. Voltage is a cool company. Um, they allow you to spin up a lightning node. So the thing with bitcoin is that

we say don't trust, but verify. What does that mean if somebody, you know, gold is money for five thousand years, somebody paid me with gold, how do I how do I know that gold is good? Or how do I know that gold is real? And so, um, I would need you know, some kind of sort of fancy spectrometer or something to to find out how pure that gold is. And so bitcoin is the same way, like, how do

I know the bitcoin you send me as real? Well, I would want to use my own computer network, my own node is what it's called to verify that transaction. And so everybody should run a note. They're they're super cheap, you know, for a hunter bucks you could set one up. I mean you could even set one up for free if you have an old laptop or something. Um. But but Voltage allows you to spin up a lightning note, a Bitcoin lightning note, and they'll host it for you

for like a fixed fee. I don't know if it's eight ten bucks a month something like that. And then I can host my own note that I can use my own I can, I can, I can verify all my own transactions in and out UM, and then there's a lot of other things that I can start building on top of that. UM. That's what Voltage is doing. Pretty cool. Ibex Mercado raised four million dollars UM. And then another company that I'm extremely bullish on is Impervious. UM.

Impervious is is amazing what they're doing. I'm gonna have the founder, Chase Uh, he's the founder of Purpose. I'm gonna have him on the radio show here maybe in the next couple of weeks. He's actually a local guy, but for me, super super good guy. But what they're doing is they basically took the They figured that I think I think the math was eighty percent of the time that a user spends on the on the I'm sorry, on the computer, about apercent of the time is spent

in the browser. So like Google Chrome, right, and then you have Google Docs and Google Sheets, and you have you know, Facebook and Twitter, and so about adam the time spent in the browser. And so they decided to build a new browser. But instead of a browser that like Google owns, controls and spies on you and controls you with They opened up an open source one that's

peer to peer. So Bitcoin is peer to peer. There's nobody in the middle between us and so they built a browser that has Zoom built in, but without Zoom, meaning that if we both have impervious browsers, we can just connect over video chat like Zoom, but it's peer to peer. There's nobody in between us, nobody, nobody that we need permission from nobody's spine. We have Google Docs, but without Google, so we just have docs that we

can share. We can peer to peer. You and I can collaborate on docks just like Google Docs, but without Google. We have chat, but without Google Chat, we can go peer to peer, we can chat directly, and so that's all built into the Impervious browser. I believe it's being released right about now, I mean any day now. So that's really really cool. I'm super bullish on that. I mean, amazing things are coming out. It's happening so fast. Now. I'm old enough to have invested through the doc Colm

Boom of the late nineties. It was just when I was just out of high school. Um, I was young, but I was old enough to know what was going on. I started an e commerce business in two thousand one, so I've seen this get built out. I recognize the same science happening over again. And while for a lot of you it maybe it seems like it's happening slow, I can tell you it's happening really, really fast. And I'm super excited. I'm super bullish on this. I mean,

this is gonna be the biggest thing. It's going to change the world as we know it. Hopefully you're excited about it too, And uh, it's your chance to front run the majority of people who don't understand what is going on. The institutions, the sovereigns, they're still trying to figure out how they can get their piece of the bitcoin pie. But you can get yours right now. By the way, you're listening to the Mark mass Show, we're

talking about bitcoin, we're talking about the cryptocurrency. We're talking about the decentralized revolution that is change in the world. I was just breaking down some of the behind the scenes stuff that I saw, the groundbreaking things I saw at the Bitcoin conference. Um, so you can understand. Remember, it's the growth of the network on users and the development on the network that's the most important and the

development is strong. Hopefully that makes sense and appreciate your listening until next time.